EY meets the challenge

April 2015

OXFORD, Ohio -Ernst & Young LLP (EY) recently made a strong statement in support of Miami University’s Farmer School of Business by completing the EY Support Fund Million Dollar Challenge and advancing the School and Department of Accountancy in three key areas.

The campaign, driven by alumni and friends employed by EY, began in 2012 and surpassed its $1 million objective in less than three years. According to Farmer School of Business Dean Matt Myers, the effort’s success makes a profound statement.

“The success of the EY Million Dollar Challenge is a stunning testament to the value EY places on our students and faculty as well as the strong connection Miami’s EY alumni still feel toward Miami and the Farmer School,” Myers said. “These dedicated donors are ensuring that our accountancy students receive an unparalleled education.”

According to David Meyer, Partner at EY’s Cincinnati office, the challenge was the result of a strong, mutually beneficial relationship between the two institutions and a discussion about how EY’s Miami alumni and friends could better direct their support to meet the Department’s and School’s priorities.

“Our Miami alumni at EY have always been eager to support the Farmer School and Department of Accountancy, but we wanted to be more purposeful,” Meyer said. “So we went to Marc Rubin [Department of Accountancy Chair] and [former] Dean [Roger] Jenkins and asked how we could be more targeted and give more meaningful support. We came out of those discussions with three priorities.”

Those priorities include scholarship support for study abroad opportunities; funding of the Ernst & Young Summer Scholar Program, which supports select students in working with faculty on timely research projects; and the Ernst & Young Professional Development Advisor, a full-time position offering guidance and support for students in determining their accounting career paths.

“The EY Million Dollar Challenge is an important investment in our ability to remain a leader in accountancy education,” Rubin said. “This generous support of our faculty and, most importantly, our students has enhanced our ability to prepare our graduates for successful careers while providing real-world learning opportunities that challenge and shape our students out of the classroom.”

Miami students are already benefitting from this focused support, including senior accountancy major and EY Summer Scholar Sam Korach.

“EY has played such a significant role in fostering my success over the past four years,” Korach said. “My experiences as an EY Summer Scholar and with the EY Global Student Experience were landmark opportunities for exploring academic research and international business development. EY takes a strong and visible interest in the personal and professional development of student leaders.”

There are 377 Miami alumni at EY-59 at the partner or principal levels. A leader in assurance, tax, transactions and advisory services, EY remains a top destination for Miami accountancy graduates.

“Miami is one of a select group of priority schools nationally that is providing the graduates who are the lifeblood of our institution,” Meyer said. “We need to have smart people who are capable of developing personal relationships and acting with thoughtful purpose. When you look at the number of Miami graduates EY hires and how many of those alumni are in leadership positions, that says a lot. It makes me proud as a Miami graduate.”

The Public Accounting Report recently ranked Miami’s Department of Accountancy the No. 3 accounting program in the U.S., among schools without doctoral programs. Bloomberg BusinessWeek ranks the Farmer School No. 8 among public undergraduate business schools, giving an A+ grade for teaching quality, placement and facilities, and services.

The global Ernst & Young organization has member firms with more than 700 offices in more than 150 countries, which employ more than 190,000 people. EY was recently featured among FORTUNE’s “100 Best Companies to Work For” list for the 17th year.