Ernst Young Analyst Interview Questions & Experience Guide

Interview Preparation
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Ernst Young Analyst Interview Questions & Experience Guide

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Company Name: Ernst & Young

Position: Analyst

Application Process: I applied via a referral and was interviewed in March 2024.

Interview Rounds:

  • Round 1 - One-on-one Round:

    • Questions Asked:
      1. Nothing special.
      2. Previous job role and other details.
    • Your Approach: I answered honestly about my previous job role and kept my responses concise.
    • Outcome: I passed this round.

  • Round 2 - Group Discussion Round:

    • Topic: Forensic investigation.
    • Your Approach: I actively participated, shared relevant insights, and listened to others’ viewpoints.
    • Outcome: The discussion went well, and I advanced further.

Preparation Tips:

  • Try your best and keep it simple. Focus on being clear and confident in your responses.

Conclusion:
Overall, the interview process was smooth. I felt prepared, and the referral helped me get noticed. For future candidates, I’d recommend staying calm and engaging actively in group discussions.

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Company Name: Ernst & Young (EY)

Position: Analyst

Location: [Not specified]

Application Process: I applied for the Analyst position at Ernst & Young (EY) through Naukri.com and was interviewed in April 2024.

Interview Rounds:

  • Round 1 - HR Round:

    • Questions Asked: General knowledge about the given topics.
    • Your Approach: I answered the questions to the best of my knowledge, ensuring clarity and relevance.
    • Outcome: I progressed to the next round.

  • Round 2 - One-on-one Round:

    • Questions Asked: In-depth questions related to the topics provided, along with some basic general questions.
    • Your Approach: I focused on providing detailed and accurate responses, admitting when I didn’t know an answer.
    • Outcome: The round went well, and I received positive feedback.

Preparation Tips:

  • Instead of giving a wrong answer, politely admit if you don’t know the answer to a question.

Conclusion:
The interview process at EY was smooth and professional. I learned the importance of honesty and clarity in responses. For future candidates, I recommend thorough preparation on the given topics and maintaining confidence during the interview.

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Company Name: Ernst & Young

Position: Analyst

Location: [Not specified]

Application Process: [Not specified]

Interview Rounds:

  • Round 1 - Technical Round:

  • Questions Asked:

    • Q1. Explain Porter’s 5 Forces.
    • Q2. What is secondary research?

  • Your Approach:

    • For Q1, I explained each of the five forces (competitive rivalry, supplier power, buyer power, threat of substitution, and threat of new entry) with relevant examples.
    • For Q2, I defined secondary research and provided examples like industry reports, academic papers, and government publications.

  • Outcome: Passed this round.

  • Round 2 - One-on-one Round:

  • Questions Asked:

    • Q1. Given a case study and asked to perform a guesstimate.
    • Q2. A situation-based question.

  • Your Approach:

    • For Q1, I structured my approach by breaking down the problem, making reasonable assumptions, and estimating step-by-step.
    • For Q2, I analyzed the situation, identified key factors, and proposed a logical solution.

  • Outcome: [Not specified]

Preparation Tips:

  • Brush up on Porter’s 5 Forces and other strategic frameworks.
  • Practice case studies and guesstimates to improve problem-solving skills.
  • Be clear about the difference between primary and secondary research.

Conclusion:
The interview process was insightful, especially the case study round, which tested my analytical skills. I could have prepared more situational questions to feel more confident. For future candidates, focus on both technical knowledge and practical problem-solving.

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Company Name: Ernst & Young

Position: Analyst

Location: [Location not specified]

Application Process: [Application process details not provided]

Interview Rounds:

  • Round 1 - Technical Interview:

  • Questions Asked:

    • About Valuation, terminal cash flow

  • Your Approach: [Candidate’s approach not provided]

  • Outcome: [Result of this round not provided]

Preparation Tips:

  • Know the financial ratios and financial concepts thoroughly.

Conclusion:

[Overall experience and final advice not provided]

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Company Name: Ernst & Young

Position: Analyst

Location: [Not specified]

Application Process: I applied via LinkedIn and was interviewed in July 2024.

Interview Rounds:

  • Round 1 - HR Round:
    • Questions Asked:
      1. How are you today?
      2. When is your last working day (LWD)?
    • Your Approach: I answered honestly and kept my responses concise and professional.
    • Outcome: The round went smoothly, and I received positive feedback.

Preparation Tips:

  • Stay calm and composed during the interview.
  • Be honest and concise in your responses.

Conclusion:
The interview process was straightforward, and the HR round was quite conversational. Being calm and professional helped me navigate the questions effectively. For future candidates, I’d recommend preparing to answer basic HR questions confidently and maintaining a positive demeanor.

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Company Name: Ernst & Young

Position: Analyst

Location: [Not specified]

Application Process: [Not specified]

Interview Rounds:

  • Round 1 - Technical Round:

    • Questions Asked:
      1. Questions related to merger and acquisition.
      2. Questions related to IBC (Insolvency and Bankruptcy Code).
    • Your Approach:
      • For the merger and acquisition question, I focused on explaining the key steps involved, such as due diligence, valuation, and regulatory approvals.
      • For the IBC question, I discussed the process of insolvency resolution, the role of the Insolvency Professional, and the timeline under the code.
    • Outcome: [Not specified]

  • Round 2 - Technical Round:

    • Questions Asked:
      1. Questions related to the Companies Act, SEBI, FEMA, and Stamp Duty.
    • Your Approach:
      • I structured my answers by explaining the relevance of each regulation (Companies Act for corporate governance, SEBI for securities markets, FEMA for foreign exchange, and Stamp Duty for documentation). I also provided examples where applicable.
    • Outcome: [Not specified]

Preparation Tips:

  • Focus on understanding key regulations like the Companies Act, SEBI guidelines, FEMA, and IBC.
  • Practice explaining concepts clearly and concisely, as technical rounds often test your ability to articulate complex topics.
  • Review case studies or real-world examples related to mergers, acquisitions, and insolvency to strengthen your answers.

Conclusion:
The interview process was quite technical, with a strong emphasis on regulatory knowledge. While I felt confident about my understanding of the topics, I could have prepared more case studies to make my answers more practical. For future candidates, I’d recommend not just memorizing laws but also understanding their practical applications in business scenarios.

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Company Name: Ernst & Young

Position: Analyst

Application Process: The application process involved a single technical interview round.

Interview Rounds:

  • Round 1 - Technical Round:
    • Questions Asked:
      • Q1. Provide which company one should invest in by looking at KPIs.
    • Your Approach: I analyzed the key performance indicators (KPIs) of the companies provided, focusing on financial stability, growth potential, and industry trends to make an informed recommendation.
    • Outcome: The round was challenging but provided a good opportunity to showcase analytical skills.

Preparation Tips:

  • Focus on understanding KPIs and how they impact investment decisions.
  • Brush up on financial analysis and industry trends.
  • Practice case studies to improve analytical thinking.

Conclusion:
The interview was a great learning experience, and I realized the importance of being thorough with financial concepts. For future candidates, I’d recommend practicing real-world case studies to build confidence in analyzing KPIs.

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Company Name: Ernst & Young

Position: Analyst

Location: [Location not specified]

Application Process: [Application process details not provided]

Interview Rounds:

  • Round 1 - One-on-one Interview:
    • Questions Asked:
      • What do you mean by audit planning?
    • Your Approach:
      • I explained audit planning as the process of outlining the scope, objectives, and methodology of an audit to ensure it is conducted efficiently and effectively. I also mentioned the importance of risk assessment and resource allocation in this phase.
    • Outcome:
      • [Result of this round not provided]

Preparation Tips:

  • Focus on understanding core accounting and auditing concepts, especially audit planning and its significance.
  • Brush up on skills like GL Accounting, Statutory Audit, and Advanced Excel as these are highly relevant for the role.

Conclusion:

  • The interview was straightforward, but I could have elaborated more on practical examples of audit planning. Future candidates should prepare to discuss real-world applications of theoretical concepts.
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Company Name: Ernst & Young

Position: Analyst

Application Process: The application process details were not specified, but it likely involved an online application or campus placement.

Interview Rounds:

  • Round 1 - Technical Round:
    • Questions Asked:
      1. What is risk management?
      2. Major projects undertaken and major challenges faced.
    • Your Approach:
      • For the risk management question, I explained the concept clearly, providing examples of how it applies in a business context.
      • For the projects and challenges question, I highlighted a significant project I worked on, detailing the challenges and how I overcame them.
    • Outcome: The round went well, and I received positive feedback on my responses.

Preparation Tips:

  • Focus on understanding core concepts like risk management and be ready to discuss your past projects in detail.
  • Practice articulating challenges and solutions clearly.

Conclusion:
Overall, the interview was a great learning experience. I felt prepared, but I could have been more concise in my answers. My advice to future candidates is to practice structuring responses to avoid rambling.

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Company Name: Ernst & Young

Position: Analyst

Application Process: The application process involved submitting an online application followed by an interview invitation.

Interview Rounds:

  • Round 1 - Technical & Behavioral Interview:
    • Questions Asked:
      • Technical questions on auditing concepts.
      • Behavioral questions to assess problem-solving and teamwork skills.
    • Your Approach: I reviewed basic auditing concepts and practiced answering behavioral questions using the STAR method.
    • Outcome: Successfully cleared the round.

Preparation Tips:

  • Focus on understanding basic auditing concepts.
  • Practice behavioral questions to articulate your experiences clearly.
  • Stay calm and composed during the interview.

Conclusion:
The interview was a great learning experience. I realized the importance of being thorough with technical concepts and how effectively communicating your experiences can make a difference. For future candidates, I’d recommend staying confident and preparing well for both technical and behavioral aspects.

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Company Name: Ernst & Young

Position: Analyst

Location: [Location not specified]

Application Process: I applied via the company website and was interviewed in May 2024.

Interview Rounds:

  • Round 1 - Aptitude Test:

    • Questions Asked: Reasoning and mathematics questions.
    • Your Approach: I focused on solving the questions systematically, ensuring accuracy and time management.
    • Outcome: Passed this round.

  • Round 2 - Group Discussion:

    • Questions Asked: “Is digitalization good for youth?”
    • Your Approach: I actively participated, presenting balanced arguments while listening to others’ perspectives.
    • Outcome: Successfully advanced to the next round.

  • Round 3 - HR Interview:

    • Questions Asked: Introduction and the difference between Python and Rust.
    • Your Approach: I introduced myself concisely and explained the technical differences between the two languages clearly.
    • Outcome: Positive feedback and moved forward in the process.

Preparation Tips:

  • Practice aptitude tests to improve speed and accuracy.
  • Engage in mock group discussions to build confidence and articulation skills.
  • Brush up on technical knowledge, especially if the role requires it.

Conclusion:
It was a great experience overall. The key was staying calm and being well-prepared for each round. For future candidates, I’d recommend focusing on both technical and soft skills, as the process tests a wide range of abilities.

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Company Name: Ernst & Young

Position: Analyst

Location: [Location not specified]

Application Process: I was interviewed in July 2024. The process included 3 rounds: HR, Aptitude Test, and a One-on-One Round.

Interview Rounds:

  • Round 1 - HR Round:

    • Questions Asked:
      • Why should we hire you?
    • Your Approach: I focused on highlighting my relevant skills, experiences, and how they align with the role of an Analyst at EY. I also emphasized my enthusiasm for the company and the value I could bring to the team.
    • Outcome: I passed this round and moved on to the next stage.

  • Round 2 - Aptitude Test Round:

    • Questions Asked: Basic to medium-level aptitude questions were asked.
    • Your Approach: I practiced common aptitude topics beforehand, such as numerical reasoning, logical reasoning, and verbal ability, to ensure I was well-prepared.
    • Outcome: Successfully cleared this round.

  • Round 3 - One-on-One Round:

    • Questions Asked:
      • How do you stand apart?
    • Your Approach: I discussed my unique strengths, such as problem-solving abilities, adaptability, and specific achievements that set me apart from other candidates.
    • Outcome: This round went well, and I received positive feedback.

Preparation Tips:

  • Brush up on basic aptitude topics like numerical and logical reasoning.
  • Be ready to articulate your unique strengths and how they align with the role.
  • Research the company and role thoroughly to answer HR questions confidently.

Conclusion:
Overall, the interview process was smooth and well-structured. I felt prepared, but I could have practiced more situational questions to be even more confident. My advice to future candidates is to focus on both technical and soft skills, as EY values a well-rounded candidate. Good luck!

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Company Name: Ernst & Young

Position: Analyst

Location: [Location not specified]

Application Process: [Details not provided]

Interview Rounds:

  • Round 1 - Technical Interview:
    • Questions Asked:
      • Write an SQL query.
      • Questions related to projects mentioned in the CV.
      • Questions from Python.
    • Your Approach:
      • For the SQL query, I ensured I understood the problem statement clearly before writing the query.
      • For project-related questions, I explained my role, challenges faced, and solutions implemented.
      • For Python questions, I answered based on my understanding and practical experience.
    • Outcome: [Result not specified]

Preparation Tips:

  • Brush up on SQL queries and Python concepts.
  • Be thorough with your CV and projects, as questions are likely to be asked about them.

Conclusion:
The interview was a good learning experience. I realized the importance of being well-prepared with technical skills and project details. For future candidates, I’d recommend practicing SQL and Python thoroughly and being ready to discuss your projects in detail.

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Company Name: Ernst & Young

Position: Analyst

Location: [Not specified]

Application Process: Applied via campus placement in October 2021.

Interview Rounds:

  • Round 1 - Resume Shortlist:

    • Questions Asked: N/A (Resume screening round)
    • Your Approach: Ensured my resume was concise and highlighted relevant skills and experiences.
    • Outcome: Successfully shortlisted for the next round.

  • Round 2 - Aptitude Test:

    • Questions Asked: N/A (Aptitude test details not provided)
    • Your Approach: Prepared by practicing aptitude questions and time management.
    • Outcome: Cleared the test and moved to the next round.

  • Round 3 - HR Round:

    • Questions Asked: “What are your strengths and weaknesses?”
    • Your Approach: Answered honestly, focusing on how my strengths align with the role and how I work on my weaknesses.
    • Outcome: Successfully cleared the HR round.

Preparation Tips:

  • Stay updated with current industry trends and changes.
  • Keep your resume crisp and relevant.
  • Practice aptitude tests to improve speed and accuracy.

Conclusion:
Overall, the interview process was smooth and well-structured. Being prepared with a strong resume and practicing aptitude questions helped me clear the rounds. For future candidates, I’d recommend staying confident and honest in the HR round, as it’s more about fitment and communication.

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Company Name: Ernst & Young

Position: Analyst

Location: [Not specified]

Application Process: Applied via the company website in March 2021.

Interview Rounds:

  • Round 1 - Technical Interview:
    • Questions Asked: Basic questions about derivative products relevant to the profile.
    • Your Approach: Focused on explaining the concepts clearly and providing relevant examples.
    • Outcome: The interview process was smooth and quick, though the HR process took longer.

Preparation Tips:

  • Brush up on derivative products and other technical skills relevant to the role.
  • Be prepared for a quick interview process but expect delays in HR follow-ups.

Conclusion:
Overall, the interview experience was positive. The technical round was straightforward, but the HR process could have been more efficient. For future candidates, ensure you are well-versed in the technical aspects of the role and stay patient during the HR phase.

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Company Name: Ernst & Young

Position: Analyst

Location: [Not specified]

Application Process: I applied via a referral in April 2021.

Interview Rounds:

  • Round 1 - Technical Interview:

    • Questions Asked: I was asked about GST returns.
    • Your Approach: I answered the question based on my understanding of GST and its filing process.
    • Outcome: I passed this round.

  • Round 2 - HR Interview:

    • Questions Asked: [Details not provided]
    • Your Approach: [Details not provided]
    • Outcome: [Details not provided]

  • Round 3 - Interview:

    • Questions Asked: [Details not provided]
    • Your Approach: [Details not provided]
    • Outcome: [Details not provided]

Preparation Tips:

  • Be confident and honest during the interview.

Conclusion:

  • Overall, the experience was insightful. Being well-prepared and confident helped me navigate the technical round. For future candidates, I recommend focusing on clarity and honesty in responses.
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Company Name: Ernst & Young

Position: Analyst

Location: [Not specified]

Application Process: [Not specified]

Interview Rounds:

  • Round 1 - General Interview:
    • Questions Asked:
      • Tell us about yourself.
      • What are your work expectations?
      • How do you ensure stability in your role?
    • Your Approach: I answered honestly, focusing on my background, career goals, and how I plan to contribute to the company. I also emphasized my adaptability and commitment to long-term growth.
    • Outcome: [Not specified]

Preparation Tips:

  • Be yourself and answer questions honestly.
  • Ask fair questions to the interviewer.
  • Maintain professionalism and avoid crossing boundaries, especially in a first impression setting.

Conclusion:
The interview was straightforward, with a focus on understanding my fit for the role. Being genuine and prepared to discuss my expectations and stability helped me navigate the conversation. For future candidates, I’d advise staying authentic and professional throughout the process.

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Company Name: Ernst & Young

Position: Analyst

Location: Jaipuria Institute of Management (JIMS)

Application Process: Applied via campus placement before November 2021.

Interview Rounds:

  • Round 1 - Resume Shortlist:

  • Questions Asked: N/A (Resume-based shortlisting)

  • Your Approach: Ensured the resume was concise and focused on relevant skills and experiences without unnecessary personal details.

  • Outcome: Successfully shortlisted for the next round.

  • Round 2 - HR Round:

  • Questions Asked: General information about yourself.

  • Your Approach: Prepared a clear and concise introduction highlighting my background, skills, and interest in the role.

  • Outcome: Advanced to the next round.

  • Round 3 - Technical Round:

  • Questions Asked: Valuation techniques, indirect and direct cost approach, market approach, real-life example of depreciation and valuation of any asset (car).

  • Your Approach: Reviewed key concepts in finance, asset management, and valuation beforehand. Provided practical examples to demonstrate understanding.

  • Outcome: Successfully cleared the round.

Preparation Tips:

  • Have an in-depth understanding of your previous projects and subjects related to finance, asset management, and valuation.

Conclusion:
The overall interview experience was smooth and well-structured. Preparing thoroughly for technical topics and ensuring a polished resume were key to my success. For future candidates, focus on clarity in your responses and practical examples to showcase your knowledge.

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Company Name: Ernst & Young

Position: Analyst

Location: [Not specified]

Application Process: Applied via the company website and was interviewed in January 2021.

Interview Rounds:

  • Round 1 - Resume Shortlist:

  • Questions Asked: None (resume-based selection).

  • Your Approach: Ensured the resume was well-prepared and highlighted relevant skills.

  • Outcome: Successfully shortlisted for the next round.

  • Round 2 - One-on-one Round:

  • Questions Asked:

    • Where is your residence, and how will you commute?
    • What is internal audit?
    • What is a pivot table, and how to use VLOOKUP?
    • What is the PTP (Procure-to-Pay) process?

  • Your Approach: Answered confidently, explaining concepts clearly and providing examples where applicable.

  • Outcome: Advanced to the next round.

  • Round 3 - HR Round:

  • Questions Asked: [Not specified].

  • Your Approach: Focused on aligning personal goals with the company’s values and culture.

  • Outcome: [Not specified].

Preparation Tips:

  • Prepare your CV well, as it has an 80% chance of your selection.
  • Brush up on technical skills like Excel (pivot tables, VLOOKUP) and concepts like internal audit and PTP processes.

Conclusion:
The interview process was smooth, and preparing my resume thoroughly helped me get shortlisted. Technical questions were straightforward, and I could answer them confidently. For future candidates, focus on resume preparation and technical skills relevant to the role.