While EY continues to lick its wounds after the firm’s plan to split its auditing and consulting arms into separate firms failed spectacularly, the Big Four firm shared some good news on Thursday: 966 people were promoted to partner across the globe.
“As we prepare EY to continue to thrive this year and beyond, I am delighted to congratulate our new class of EY partners on this impressive milestone as we celebrate the career progression of our new partner promotes,” EY Global Chairman and CEO Carmine Di Sibio said in a press release. “They are fantastic stewards of the EY brand and their promotions are the result of their continuous commitment to the EY purpose of building a better working world.”
The new partner class of 2023 falls just short of the firm record 1,033 new partners who were added last year.
Women make up more than a third of EY’s newest partner class, representing 329 promotions (34%). Women represented 32% of partner promotions in 2022.
EY member firms in Europe, the Middle East, India and Africa (EMEIA) had the largest proportion of new partners, with 395 promotions (41%), followed by the Americas area with 322 promotions (33%). New partners in EY member firms in the Asia-Pacific area totaled 216 (22%).
Assurance accounted for the largest proportion of partner promotions with 304 (31%), followed by tax with 268 (28%), consulting with 262 (27%), and strategy and transactions with 111 (11%). Additionally, there are 21 new partners in business support (2%).
The new member firm partners will officially begin their new roles in early July.