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Ernst & Young Consultant Interview Questions and Answers for Experienced
42 Interview questions
Dead loss refers to the economic loss that occurs when resources are not utilized efficiently, leading to wasted potential.
Occurs in various contexts, including economics and resource management.
Example: A factory producing more goods than it can sell, leading to unsold inventory.
In transportation, dead loss can refer to empty trips made by vehicles.
In healthcare, it can refer to inefficiencies in patient care lea...
Analyzing balance involves assessing stability, weight distribution, and coordination in various contexts, such as physical or financial.
Evaluate weight distribution: In physical balance, assess how weight is distributed across the body or an object.
Use tools: In finance, tools like balance sheets help analyze assets vs. liabilities.
Observe movement: In physical contexts, observe how a person maintains balance dur...
The phrase 'never reached back' can imply missed opportunities or unfulfilled potential in various contexts.
Reflects on missed opportunities in personal or professional life.
Can relate to unaddressed feedback in a workplace setting.
Example: A candidate who never followed up after an interview.
In relationships, it may refer to someone who doesn't reciprocate feelings.
Front running is a controversial trading practice where brokers execute orders on advance knowledge of pending transactions.
Front running occurs when a broker executes orders for their own account before executing orders for their clients.
Example: If a broker knows a large buy order is coming, they might buy shares first to sell them at a higher price later.
This practice is considered unethical and illegal in many...
What people are saying about Ernst & Young
I manage risks in daily life by identifying potential risks, assessing their impact, and taking proactive measures to mitigate them.
Identifying potential risks by analyzing the situation and considering all possible outcomes
Assessing the impact of each risk on my daily life and prioritizing them based on severity
Taking proactive measures to mitigate risks, such as creating contingency plans or seeking advice from ...
Audit is a systematic examination of financial records, statements, or operations to ensure accuracy and compliance with laws and regulations.
Audit involves reviewing financial records, statements, and operations of a company or organization.
The purpose of an audit is to ensure accuracy, reliability, and compliance with laws and regulations.
Auditors may also provide recommendations for improving financial processe...
I prioritize tasks based on deadlines and importance, use to-do lists and calendars, delegate when possible, and stay organized.
Prioritize tasks based on deadlines and importance
Use to-do lists and calendars to stay organized
Delegate tasks when possible to lighten the workload
Stay focused on one task at a time to avoid feeling overwhelmed
Audit risk is the risk that auditors may issue an incorrect opinion on financial statements.
Audit risk is the risk that auditors fail to detect material misstatements in financial statements.
It is composed of inherent risk, control risk, and detection risk.
Inherent risk is the risk of material misstatement without considering internal controls.
Control risk is the risk that internal controls fail to prevent or dete...
Rank function is used to assign a rank to each row within a partition of a result set.
Rank function assigns a unique rank to each row within a partition of a result set.
It does not skip ranks in case of ties, meaning if two rows have the same value, they will have the same rank.
Example: If there are three rows with values 10, 20, and 20, the ranks assigned would be 1, 2, and 2 respectively.
Yes
I am willing to travel extensively for work.
I have experience traveling for client meetings and project implementations.
I am comfortable with frequent travel and adapting to different environments.
I understand the importance of building relationships with clients through face-to-face interactions.
Ernst & Young Consultant Interview Experiences for Experienced
71 interviews found
Anonymous
Selected
I appeared for an interview in Apr 2025, where I was asked the following questions.
- Q1. What is front running?
- Ans.
Front running is a controversial trading practice where brokers execute orders on advance knowledge of pending transactions.
Front running occurs when a broker executes orders for their own account before executing orders for their clients.
Example: If a broker knows a large buy order is coming, they might buy shares first to sell them at a higher price later.
This practice is considered unethical and illegal in many juri...
- Q2. How do you analyze balance?
- Ans.
Analyzing balance involves assessing stability, weight distribution, and coordination in various contexts, such as physical or financial.
Evaluate weight distribution: In physical balance, assess how weight is distributed across the body or an object.
Use tools: In finance, tools like balance sheets help analyze assets vs. liabilities.
Observe movement: In physical contexts, observe how a person maintains balance during a...
- Q3. Will you travel to Dadar daily as a base location?
- Ans.
Yes, I am open to traveling to Dadar daily as my base location for work, as it aligns with my professional commitments.
Dadar is well-connected by local trains, making daily commutes convenient.
I have experience managing daily travel for work, such as commuting to clients in different parts of the city.
Being based in Dadar allows me to access various business hubs efficiently.
- Q4. Never reached back ?
- Ans.
The phrase 'never reached back' can imply missed opportunities or unfulfilled potential in various contexts.
Reflects on missed opportunities in personal or professional life.
Can relate to unaddressed feedback in a workplace setting.
Example: A candidate who never followed up after an interview.
In relationships, it may refer to someone who doesn't reciprocate feelings.
Interview Preparation Tips
Selected
I appeared for an interview in Mar 2025, where I was asked the following questions.
- Q1. Why do you believe you are a suitable candidate for this position?
- Q2. How will your skills and experience contribute to our organization?
- Q3. Could you describe your previous project experience?
Selected
I applied via Naukri.com and was interviewed in May 2024. There were 2 interview rounds.
(2 Questions)
- Q1. How do hospitals should open up business post covid
- Q2. Cost structure for a hospital chain
PPT on investment scenario in healthcare in India
Interview Preparation Tips
- Advanced Excel
(2 Questions)
- Q1. Procedures related to domestic enquiry
- Ans.
Procedures related to domestic enquiry involve conducting a fair investigation and providing the accused with an opportunity to defend themselves.
Ensure a neutral and unbiased investigation is conducted
Provide the accused with a written notice of the allegations against them
Allow the accused to present their defense and evidence
Ensure a fair and impartial decision is made based on the evidence presented
Document the ent...
- Q2. Questions basis a case
General background and work ex
Selected
I appeared for an interview in Sep 2024, where I was asked the following questions.
- Q1. Scenario of page layouts
- Q2. Scenario on SQOL and Apex
(4 Questions)
- Q1. TCS configuration
- Q2. Tax determination
- Q3. FSCM Credit Management
- Q4. Batch management
Selected
I applied via LinkedIn and was interviewed in May 2024. There was 1 interview round.
(1 Question)
- Q1. What is rank function
- Ans.
Rank function is used to assign a rank to each row within a partition of a result set.
Rank function assigns a unique rank to each row within a partition of a result set.
It does not skip ranks in case of ties, meaning if two rows have the same value, they will have the same rank.
Example: If there are three rows with values 10, 20, and 20, the ranks assigned would be 1, 2, and 2 respectively.
Skills evaluated in this interview
Selected
I applied via Recruitment Consulltant and was interviewed in Nov 2023. There were 2 interview rounds.
(1 Question)
- Q1. Explain existing role
- Ans.
I currently manage projects, analyze data, and provide strategic recommendations to enhance operational efficiency.
Project Management: Oversee multiple projects, ensuring they are completed on time and within budget. For example, I led a team to implement a new software system that improved workflow efficiency by 30%.
Data Analysis: Analyze performance metrics to identify trends and areas for improvement. I recently con...
(1 Question)
- Q1. Challenges in existing role
Selected
I applied via Referral and was interviewed in Jul 2023. There were 4 interview rounds.
(1 Question)
- Q1. Taxation amendments New scheme for companies Equalization levy Tds 194R Resume based questions Tax rates Appeals
(1 Question)
- Q1. JDA Appeals Amendments TDS Why Ey
- Ans.
JDA, Appeals, Amendments, TDS are all related to tax consulting. Ey is a leading consulting firm in the field.
JDA stands for Joint Development Agreement, a legal contract between two or more parties to develop a property.
Appeals refer to the process of challenging a decision made by a government authority, such as a tax assessment.
Amendments are changes made to a legal document or contract, often to correct errors or u...
(1 Question)
- Q1. Resume based Why EY JDA Articleship experience
(1 Question)
- Q1. Resume based Why EY
Selected
I applied via Approached by Company and was interviewed in Feb 2024. There were 2 interview rounds.
(1 Question)
- Q1. SAP Configurations
(1 Question)
- Q1. Process Knowledge
Interview Preparation Tips
Ernst & Young Interview FAQs
Some of the top questions asked at the Ernst & Young Consultant interview for experienced candidates -
The duration of Ernst & Young Consultant interview process can vary, but typically it takes about less than 2 weeks to complete.
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Gurgaon / Gurugram,
Bangalore / Bengaluru
+12-7 Yrs
₹ 7.5-20.9 LPA
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