E & Y India Salaries To Rise 30-50%

Consulting and accounting major Ernst & Young (E&Y) is set to announce a hefty pay hike for its employees in India which would be in the region of 30-50 per cent, senior sources at the firm said.

The across-the-board pay hike is meant to bring the salary levels at par with that of the employees of Andersen, which merged into E&Y. The acquisition of Andersen by E&Y in May last year made it the largest accounting firm in the country with an employee strength of around 2,100, with 60 partners.

Kashi Memani, chairman, E&Y India, while declining to specify the extent of the salary hike, said,