Economic Analyst at EY

Top Employer
Duration
Internship (1-4 Months)
Region
Tower Bridge area Central London and City
Review Date
Salary
£20,000 - £21,999
Roles
Accountancy

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8.2/10

The Role
8.3
Organisation
8.2

Socialising

8.0

The Role

Role Description

I worked in TP/TESCM, which is a subset of Tax. The departments role, as a whole, was to

a) calculate arm's length Transfer Prices for the trade of goods and services within multinationals, and

b) to provide advice for the restructuring of said companies to improve on tax efficiency.

As an intern my role was very multi-purpose. The object of the program is to give me the best possible idea of all the department's functions within the six week time frame. Tasks included analysing industry sectors and providing bank-style market research (in my case, on oilfield services and engineering firms), proofreading analyses and research notes, theoretical framework research (three player bargaining theory for me) and analysis of corporate finance trends.

1. To what extent did you enjoy your work placement or internship?

On the plus side, I was given interesting work and everyone at the company, as well as others on the internship programme, was very friendly. On the other hand, don't expect this to be a walk in the park, you will be challenged while with the firm and moved outside of your comfort zone (in work terms) so that your performance can be observed.

8/10

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2. To what extent did you feel valued by your colleagues?

Certainly, everyone in the department seemed familiar with the role of an intern and went to great lengths to make us feel welcome. This, coupled with a positive company attitude towards interpersonal behaviour and status, earns E&Y a high score in this area.

9/10

3. To what extent were you given support and guidance by management/your supervisor(s)?

Management acted as both a guide and as a conduit for assignements. One manager also took on the role as our 'councillor' and met with us weekly (or whenever required) to discuss positives and negatives that we were experiencing.

10/10

4. How busy were you on a daily basis?

Work ebbed and flowed (as one would expect) but arrived at a relatively constant pace throughout the internship.

8/10

5. How much responsibility were you given during your placement?

Direct make-or-break responsibility for client work was ultimately kept out of our hands as interns. However, I did directly work on final alterations (they had a serious problem!) on one team's client, and on developing a product for the Thincap team.

7/10

6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?

The work, especially the game theory analysis, will help towards my broad economic knowledge base but at the end of the day the main benefit of the internship lies in two things:

a) experience gained, and

b) a potential job offer, away to move ahead of the pack.

8/10

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The Organisation

7. What was the general atmosphere in your office?

A fairly lively and friendly bunch, but the work attitude was there. There were plenty of times during the day where, quite rightly, heads were down.

7/10

8. How well organised was the overall work placement or internship set up?

E&Y seem to take the internship very seriously, both as reflecting upon public perception of the firm, and as a refined means of graduate recruitment. Everything from induction, to social events, to salary, to debriefing were taken very seriously. At no point as an intern did I feel out of place or that I didn't belong.

10/10

9. In terms of personal training and development, to what extent did the company or firm invest in you?

Weekly hour-long training sessions as well as many hours of induction complemented the face-to-face training we received from the employess with whom we worked on projects.

9/10

10. What were the perks on your work placement?

  • Company Parties/Events
6/10

11. How appealing are future employment prospects within the organisation?

I am, as of yet, unaware of my sucess in garnering a job offer for myself. I have to wait about ten more days to find out! Should I receive an offer though, I will take it. Typically 8 or 9 in every 10 interns are offered a graduate position, based on performance and job availability.

9/10

Social

12. Was there a good social scene amongst any fellow placement students/colleagues?

We took it upon ourselves to organise events on top of those provided. For example, I arranged/blockbooked a marathon paintball session after office hours one wednesday. There was always something happening mid-week and on the friday nights.

10/10

13. What was the cost of living and socialising in the area you worked in?

London is very expensive. Always has been, always will be. Having said that, we were paid well, so things balanced out in a way!

5/10

14. What was the Nightlife like in the area you worked?

London baby!

10/10

15. Were there many opportunities to get involved in activities outside of work?

Aside from our own organised activities, various interns on the scheme took advantage of firm sponsored sporting events, such as touch-rugby.

7/10

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