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EY · Live Interview

EY Interview Questions & Prep

EY's first-round live interview is where strong written applications become offer pipelines or go nowhere. Below: the real questions EY asks, what they're testing for, and how to practise live until it feels routine.

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The format

What EY's live interview actually looks like

The first human touchpoint after the automated EY One Assessment, positioned either as a standalone first-round filter before the Experience Day or integrated into the morning of the Experience Day itself. For experienced hires and specialised corporate finance streams it is a strict standalone gatekeeper.

Format

Almost always a virtual video interview via Microsoft Teams or Zoom across UK offices; EY occasionally uses proprietary recruitment portals.

Interviewers

Most commonly a Manager or Senior Manager for graduate and intern tracks; occasionally a Senior Associate/Consultant for internships; a Director or Partner only for accelerated or experienced-hire routes.

Structure

Usually a single interviewer (1-on-1), though EY often pairs a Manager with an HR observer or shadowing junior to reduce bias and meet diversity scoring guidelines.

Duration. 45 to 60 minutes, partitioned into a short icebreaker, 15-20 minutes of competency and motivation, 15-20 minutes of commercial or technical case discussion and ~5 minutes of candidate questions.

Rounds at this stage. One live round at this phase; success progresses you to the Experience Day or the final partner panel depending on your route.

Format breakdown

How to handle each EY interview medium

Phone, video, and in-person each have distinct mechanics. The interviewer scoring rubric is the same, but the operational preparation is different.

Phone screen

Reserved for initial HR screening or technical fallbacks. Focus on vocal clarity and pacing, use verbal flags to signal transitions ('That concludes my third point'), and stand up to improve projection.

Video interview

The primary medium. Use the fully updated Microsoft Teams desktop client (not the web version), frame mid-chest up with ~two inches of headroom, light your face from behind the monitor and use a neutral background or the standard professional blur.

In-person

Rare for first rounds; if at a regional office (e.g. 1 More London Place or 2 St Peter's Square, Manchester), arrive exactly 15 minutes early with photo ID, maintain open posture and bring a portfolio notepad and a printed CV.

Question categories

What EY actually asks in the live round

Question types cycled through the interview. For each, a real example, what the firm is screening for, plus weak and strong answer signals.

Motivation

Why EY and not PwC, Deloitte or KPMG?

What they test. Deep institutional alignment and authentic differentiation rather than copy-pasted Big Four answers.

Weak answer. 'EY is a prestigious global brand with great training and a commitment to building a better working world.'

Strong answer. Cites EY's integrated service structure and specific UK investments - scaling EY-Parthenon's energy-transition capabilities, embedding technology directly into Assurance and Tax - plus insight from a named associate about early ownership of client deliverables.

Why this specific service line (Assurance, Tax, Consulting, Strategy and Transactions)?

What they test. Operational clarity and a realistic understanding of first-year responsibilities.

Weak answer. 'I chose Consulting because I like solving complex problems in dynamic teams where every day is different.'

Strong answer. Targets, for example, mid-market UK corporate restructuring in S&T, names the daily reality (data hygiene, market sizing, building pitch books) and explains genuine interest in analysing a working-capital cycle.

Where do you see the accounting or consulting industry moving in five years, and how will it affect your role?

What they test. Industry foresight and commercial realism.

Weak answer. 'AI is going to change everything and make things faster, so we will have less paperwork.'

Strong answer. Explains how generative AI audit platforms like EY Canvas automate routine sample testing, shifting the associate's role toward anomaly investigation and controls testing, and the need to audit data pipelines under FRC guidelines.

Tell me about a piece of news involving EY that caught your eye recently.

What they test. Genuine interest in the firm's strategic moves.

Weak answer. 'I saw that EY won a diversity award, which shows it is a great place to work.'

Strong answer. Discusses EY scaling its EY.ai platform via technology partnerships and how it is deployed locally to help mid-tier UK retail clients optimise supply chain resilience, showing EY is productising AI into new consulting revenue.

Behavioural / competency

Describe a time you delivered a project under extreme time constraints with incomplete information.

What they test. Agile execution, prioritisation and resilience.

Weak answer. 'My dissertation data failed a week before the deadline, so I worked through the night, found new data online and got a 2:1.'

Strong answer. A clear STAR account: audited the 60% dataset against the control baseline, pivoted to macroeconomic proxy data from Mintel and ONS, divided sections by team strengths with six-hourly checkpoints and delivered a First-class report on time.

Tell me about a time you managed a conflict within a diverse team.

What they test. Collaboration, emotional intelligence and professional communication.

Weak answer. 'Two members disagreed on who should present, so I told them to split the slides equally.'

Strong answer. Reframed the dispute around the judging criteria sheet (equal weight to commercial viability and modelling), proposed a structured compromise of a 3-minute narrative then a 5-minute financial deep-dive, and placed second of fifteen.

Give me an example of a time you failed. What did you learn?

What they test. Self-awareness, accountability and learning agility.

Weak answer. 'I failed an exam because the professor asked questions outside the syllabus, but I retook it and passed easily.'

Strong answer. Owns rushing a lead-generation target without cross-referencing the outreach log, including 20 opted-out companies, then taking accountability and building a pre-flight verification checklist now used on all data tasks.

Describe a situation where you had to persuade a highly resistant stakeholder.

What they test. Influence, empathy and structured communication.

Weak answer. 'My supervisor did not want to change our spreadsheet system, but I showed her mine was faster so she agreed.'

Strong answer. Built a mini business case quantifying ~4 hours/week lost to manual errors, showed the free CRM tier removed the budget barrier and ran a private demo for the Treasurer, saving 50+ operational hours that term.

CV walkthrough

Walk me through your CV in two minutes.

What they test. Synthesis, communication control and professional narrative clarity under time pressure.

Weak answer. A monotone chronological list: 'I went to school in Manchester, then studied Economics, joined the finance society, did an internship...'

Strong answer. A structured three-part story (academic focus and first-class average, professional experience building valuation models under deadline, extracurricular leadership securing sponsorships) that lands on why EY's S&T team specifically.

Commercial awareness

A UK manufacturing client faces a sudden 15% rise in raw material costs. Walk me through EY's advice.

What they test. First-principles business reasoning and structured advisory capacity.

Weak answer. 'Tell them to find cheaper suppliers abroad, lay off workers and raise prices.'

Strong answer. A three-pronged response: financial and margin protection (review supplier contracts and pricing elasticity), operational optimisation (Lean audit, strategic inventory buffering) and supply chain diversification (near-shoring and secondary sourcing).

What is the biggest microeconomic challenge facing UK businesses today?

What they test. Synthesis of economic trends and real-world commercial empathy.

Weak answer. 'Inflation is making everything too expensive so people are not spending.'

Strong answer. Names structural labour shortages compounded by wage inflation, the resulting fixed-cost expansion and productivity plateau, and how EY advises on organisational design and technology enablement to lift output per employee.

Curveballs

Your first-year quantitative methods mark was a 58. Why should I trust you on a complex client project?

What they test. Emotional resilience under critique, accountability and trajectory correction.

Weak answer. 'That module was badly taught and the exam had questions not covered in lectures.'

Strong answer. Owns the mark as a diagnostic, explains changing study methods (office hours, a peer working group, daily problem sets) and the rise to a 74 in econometrics and a first-class quantitative average.

Sell me this pen, but you cannot mention its writing features, ink or appearance.

What they test. Lateral thinking, value-proposition construction and needs discovery.

Weak answer. 'It represents status and power, so signing a big deal with it earns respect.'

Strong answer. Opens with discovery ('how often are you in client-facing closing environments?'), then frames the pen as a frictionless deal-closing asset that locks in commitment at the signature moment.

Technical depth

How deep EY pushes on the technicals

Technical expectations are tailored to the targeted service line; you are tested on applying mechanics, not reciting definitions.

Assurance & Audit

Trace an accounting change through all three statements. For a £100 rise in depreciation at a 20% UK tax rate: EBIT down £100, Net Income down £80; CFS adds back the £100 non-cash so cash is up £20; on the balance sheet cash up £20 and PP&E down £100, total assets down £80, matching the £80 fall in retained earnings. Also know revenue-recognition risk and cut-off testing around year-end.

Strategy and Transactions (incl. EY-Parthenon)

Know the valuation triad - comparable companies, precedent transactions and DCF - with their pros and cons. DCF projects unlevered free cash flow over 5-10 years, adds a Gordon-growth terminal value and discounts at WACC (long-term g typically ~2-3% tracking UK GDP). LBO returns come from using operating cash flow to pay down a high debt load (e.g. 70/30), expanding equity value and compounding the sponsor's IRR.

Consulting

Structured business diagnosis over banking formulas. Use top-down or bottom-up market sizing (e.g. London EV charging points: 9m population to ~3.6m households to ~1.8m cars to ~360,000 EVs at one charger per 15 vehicles equals ~24,000 points) and keep structures MECE (Profit = Revenue - Cost; Revenue = Volume x Price) before jumping to solutions.

The rubric

How EY scores you

The interviewer is checking against a scorecard. Knowing the categories is half the battle.

Evaluation pillars

  • Adaptability - incorporating new information fluidly
  • Curiosity - depth of research and quality of questions
  • Collaboration - non-hierarchical teamwork and active listening
  • Learning Agility - speed grasping new models or terms
  • Resilience - handling challenge and curveballs calmly
  • Commercial Acumen - UK regulation, business models and economic reality

Aggregation. Scores are logged into EY's digital recruitment portal immediately after exit, each metric requiring a justification note citing specific phrases from the candidate.

Pass threshold. A minimum average of 3.5 out of 5 across all competencies, with zero individual marks below 3 (a 3 means 'meets the benchmark for a first-year associate').

Weighting vs other rounds. The live scorecard restarts fresh; a borderline live score can be offset by an exceptional EY One Assessment profile, but a critical failure (a 1 or 2 in core integrity or motivation) triggers an automatic rejection.

How to practise

Live AI mocks tuned to the firm

Conversational mocks that read your CV, ask EY-specific questions, push back when answers are weak, and produce a scored report.

  • Reads your CV first. Vyo pulls real lines from your CV ("walk me through that deal you mentioned") instead of asking the same five questions everyone gets.
  • Follows up where answers are weak. Weak on numbers? Vyo digs. Vague on motivation? Vyo digs. No two runs are the same.
  • Matches EY's interview style. Friendly chat, professional grilling, or full-pressure. Calibrated to how EY actually runs the round.
  • Annotated transcript after every run. Strong lines green, wobbles amber, red flags red. Specific notes on what to fix and how to say it next time.

Lazard · IB Analyst

Technical Interview · CV-aware

Live
Vyo has read your CV, questions draw on your experience.

Interviewer

I see from your CV you completed Spring Week at Lazard. Walk me through a deal you observed during that placement.
I observed a £900M sell-side M&A in industrials. I assisted on the CIM financial pages, reviewed trading comps across 14 peers, and helped prepare management for the buyer meetings.

Interviewer

You mentioned trading comps. Walk me through how the peer set was selected, what criteria were used, and were there any borderline cases?
Q3 of 5·14:23 elapsed

Full report when you end

Why candidates fail

How candidates lose the EY live round

Specific failure patterns documented across past applicants. Most are avoidable with focused preparation.

  1. 1

    The 'script' failure

    Memorised STAR stories collapse under follow-ups like 'why that decision instead of option B?' or 'what was the exact cash impact?', exposing a lack of authentic ownership.

  2. 2

    Surface-level commercial awareness

    Quoting a macro trend (a Bank of England rate change) but failing to trace the secondary effect on a client's working capital or debt service.

  3. 3

    Failure to reference EY specifically

    Strong answers that could apply equally to Deloitte or KPMG; not citing EY platforms (EY Canvas, EY Helix) or UK market focus signals weak intent.

  4. 4

    Poor closing questions

    Asking administrative questions ('how long is the training contract?') that are easily Googled wastes a chance to show commercial curiosity.

  5. 5

    Over-engineering technical answers

    Jumping into jargon without laying a first-principles foundation suggests you do not fully understand the concept.

What works

What separates candidates who pass

Concrete moves drilled by candidates who clear the cut, drawn from applicant accounts and recruiter feedback.

  • Pre-flight core stories

    Master 3-4 high-complexity anchor stories thoroughly enough to flex them onto Adaptability, Resilience or Collaboration on demand.

  • Precise EY differentiation

    Reference EY's more integrated global structure versus fragmented member-firm networks, and name real workflow tools such as EY Space.

  • Active clarification

    Take 30-60 seconds to structure thoughts on paper and paraphrase the prompt back to confirm the underlying business objective before answering.

  • Advanced question construction

    Ask about a real strategic priority, e.g. the biggest internal resource bottleneck when scaling mid-market supply chain transformation across the Midlands.

  • Seamless CV narrative control

    Frame your choices as an intentional sequence leading logically to this exact role, tying every experience to a transferable skill.

From past applicants

How recent EY candidates approached the live round

Anonymised candidate accounts of how recent EY applicants handled the live round. Each covers prep, the experience, and the outcome.

Technology Consulting Graduate (London)

Prep. Researched EY's data and analytics practice and its UK GDPR posture.

Experience. A Senior Manager in Data and Analytics ran a fast, strengths-focused first 15 minutes, then a live scenario: advising a legacy high-street retailer with customer data fragmented across regional platforms. Structured the answer through data governance and UK GDPR, then architecture unification, then business use cases. The interviewer pushed hard on handling store managers resistant to giving up local data, testing stakeholder management more than the technical solution.

Outcome. Offer call two days later.

Strategy & Transactions / Corporate Finance Intern (Manchester)

Prep. Practised writing out the DCF and WACC formulas and researched a recent EY-advised deal.

Experience. A 45-minute interview with a Valuations Manager moved from a brief CV walkthrough into technical theory: how a higher UK corporation tax changes cost of equity and the DCF. Explained that the tax shield lowers the after-tax cost of debt and WACC but also reduces net cash flows, walking the trade-off step by step, then discussed a recent mid-market consumer-goods deal EY advised on.

Outcome. Progressed; advice was to state assumptions from first principles rather than bluff technical mechanisms.

What gets you through

Five moves that decide the interview

  1. 01Have a CV walkthrough rehearsed. Two-minute version of your CV that connects every role to why this firm. Most interviews open with "walk me through your CV". Knowing yours cold is the foundation.
  2. 02Three anchor stories. Prepare three behavioural stories that demonstrate multiple competencies each. Reuse them, reframe them. You will get further than candidates with one story per question.
  3. 03Plant follow-ups in your answers. End answers with a hook the interviewer can dig into. "Happy to walk through the modelling if useful" turns one question into a longer conversation on your terms.
  4. 04Reference EY concretely. Specific deal, division, recent news, a person you spoke to at an event. "I admire the brand" loses to "I followed your work on the X transaction".
  5. 05Have two smart questions ready. For the "any questions for me?" close. Not generic ("what is the culture like"), specific ("what is the typical analyst staffing model on a cross-border M&A deal here").

FAQ

EY interview questions, answered

How far in advance should I schedule my virtual interview slot?

Pick a slot 3-5 days out so you have time for focused commercial prep without losing momentum, ideally a morning slot (9:30-11:30 AM) when interviewers are most engaged.

What is the dress code for an EY video interview?

Professional business attire. A collared shirt and blazer for men (a tie is optional but recommended for corporate finance streams); a professional blouse, blazer or smart dress for women. Avoid loud patterns that distort on webcams.

Where should I focus my eyes?

Look directly at the webcam lens when speaking rather than at the interviewer's face on screen, which makes you appear to look down or away.

What if I am asked a technical question I do not know?

Never bluff. State your baseline knowledge honestly and reason from first principles, e.g. 'I am not familiar with that clause, but I would reason through its immediate cash-flow impact first.'

Can I refer to written notes?

Do not have script blocks open - your eye movements will betray reading. A single clean notepad to jot case details or sketch a framework during scenarios is fine.

How fast will I get feedback?

Usually 3-7 working days via email or the application portal, extending in peak periods (October-January).

Does EY weight the online assessment higher than the live interview?

No. The automated assessments are an initial filter; at the live stage your scorecard restarts with significant weight on human interaction, structural thinking and communication.

Can I choose which office my interviewers are based in?

No, allocation is automated on manager availability within your service line; your interviewer might be in London even if you applied to a regional office, but the benchmarks are identical.

Should I send a thank-you note?

Yes, a brief professional note via LinkedIn or email within 24 hours referencing a specific point discussed, not generic praise.

The other rounds

The rest of the EY process

Live interview is one of four rounds. The Pack covers all four end to end.

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Intervyo is not affiliated with or endorsed by EY. Interview questions are sourced from past applicants and the firm's published guidance; verify on the firm's careers site. Sector: Big 4 / Professional Services.

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