Short version: E&Y

Audit sweatshop.
I worked 80 hours for E&Y last week, but apparently I was underutilized relative to my peers.
by Anonymous March 31, 2005
A stepping stone to bigger and better things. It doesn't matter where you go afterwards, because it can't get any worse.
Getting a voicemail from Jimmy T. about his fabulous trip to France after working 80 hrs a week excluding commute.
by John Tierney April 30, 2005
Essentially a pyramid rip-off scheme Amway would be proud of, the accounting firm Ernst & Young (aka EY) stands as a shining example of why people are willing to accept communism as alternative to a market society. The EY meat grinder is powered by recent college graduates looking for a door into upper-middle management. At the top of the food chain sit the partners and senior managers who glut themselves on the labors of their staffers. Typically, the best staffers are quickly offered more palatable positions at other companies, while others grow tired of the abuse and leave. The unimpressive few that remain are eventually made partners only because they lack the emotional maturity to handle a leadership position in any other industry. The prime directive of the partners is to seek revenge for the countless years of torture they endured as being the awkward kid in high school always picked last for any event. To fill this duty, they seek out any employee under their control with a life and destroy it. This pyramid scheme only works because the capital markets and government either do not know, or do not care, that 90% of the procedures performed to arrive at the all-important audit opinion was performed by a group of disgruntled staffers who graduated college less that 3 years ago and have been over-worked to the point of insanity.
Your company gave you a $3 gift card to Starbucks for your birthday? That's so Ernst & Young.
by Jim Turley April 21, 2005
A place were new college accounting graduates lose their soul.
Accounting grad: Hey! I just started at Ernst & Young, its great! I get paid 50k!...but I have to work 80 hours a week.

Engineering grad: Hey! I just started my job too...but I make 65k and only work 40 hours!
by accountingman101 July 26, 2009
Similar to the other Big 4 accounting firms, is a form of slavery and injustices. Most people come here to work hundreds of hours per week, only to be paid substantially less than at Deloitte, KPMG, and PWC. They are so cheap with raises they would rather see everyone quit every year than try to pay in line with the other firms. Salaries average $5,000 to $8,000 less than the other Big 4 firms. And the tag line "quality in everything we do" does not apply to senior managers who are the darlings of the partners. It means they can be worthless and not work a hard day in their life while shitting on the seniors. Then once the problems ensue, they just blame the seniors to make it all better.
I get paid paid $8,000 less to do the same job as my college friend. Oh, thats because I work at Ernst & Young instead of Deloitte. What a dipshit for working there.
by jeff is seattle April 6, 2005
An audit firm where brand new staff are eligible for certification (CPA) bonuses to get paid more than their seniors, who are not eligible.
Hey, you know that new certification bonus progam at Ernst & Young? You are not eligible!
by Jim Freer September 25, 2007
The last form of slavery in the US. This is where many young people begin careers and work 120 hours a week until they either quit or die from exhaustion. Former Ernst & Young employees often have scarred backs from the whip marks. See also Deloitte.
Brian can't go on vacation because he was required to step and increase his overall utilization at Ernst & Young.
by MFMyAss March 30, 2005