economy
EY is turning its internships into yearlong residencies as AI changes entry-level work
EY is launching a months long residency to train young consultants on the skills they will need for the AI era.
TL;DR
- EY is introducing an 8-12 month paid 'Career Residency' for assurance interns following their initial 8-week internship.
- The residency will allow interns to work part-time remotely on EY projects, receive coaching, and develop skills for the AI era.
- This program addresses the changing skills landscape in professional services, where AI is automating 'assembly' tasks.
- Participants will focus on developing judgment, skepticism, critical thinking, collaboration, and communication skills.
- Successful residents may join EY full-time as analysts, a more advanced role than the typical staff position, with potential pay increases.
- The initiative acknowledges the need for new hires to contribute more quickly and adapt to evolving work demands.