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EY - Young Tax Professional of the Year 2018

Young Tax Professional of the Year

EY - Young Tax Professional of the Year 2019
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Raise your game

Ready to discover new opportunities and your true potential?

Do you want to see the business world in global terms? Learn to work with people from around the world and learn how business is done in different cultures? And at the same time, learn new skills that are expected of tomorrow’s leaders?

Then sign up for the EY Young Tax Professional of the Year (YTPY) 2019 Malaysia competition!

The EY Young Tax Professional of the Year is an international tax competition which allows students from all over the world to test and demonstrate their business acumen, commercial awareness and tax technical skills.

It is also an opportunity to take one’s career further, faster…

If you have any queries about this competition, please email eyytpy@my.ey.com.

Eligibility criteria

The competition is open to:

  • Malaysian undergraduate and post graduate students, studying in local or foreign universities or colleges
  • Full-time students pursuing professional qualifications as at 27 November 2019
  • Undergraduates/students who may have graduated or completed their professional exams in 2019 but have not commenced full-time employment as at 27 November 2019

N.B. 27 November 2019 is the day the international final ends.

The competition works in two stages:

Preliminary stage

At this stage, you’ll need to submit a response to a case study (see below) via a PowerPoint presentation and a video presentation.

EY YTPY 2019 Malaysia case study and instructions

Deadline for submission of presentations: 5:00 p.m. on Friday, 16 August 2019

Based on the presentations, a panel of judges will determine 10 finalists.

Judging will be based on (but not limited to) the following criteria:

  • Content
  • Depth of issues presented
  • Research analysis adopted
  • Critical thinking
  • Creativity
  • Commercial awareness
  • Overall presentation

Final stage

The 10 finalists will be assigned a case study to prepare individually.

Thereafter, they will be invited to a half-day event at the EY office in Kuala Lumpur in October, where they will have to present their response to the case study to a panel of independent judges.

The top three winners of the EY YTPY 2019 Malaysia will be announced at an awards ceremony on the same day.

The first prize winner of the EY YTPY 2019 Malaysia award will go on to represent the country at the EY YTPY International Competition that will take place in the Netherlands from 23 - 27 November 2019.

If you have any queries about this competition, please email eyytpy@my.ey.com.

National prizes

1st prize:

  • Paid internship of no less than 8 weeks or conditional offer of employment with EY office in Malaysia
  • Represent Malaysia in the international competition
  • RM 8,000.00 cash prize

2nd prize:

  • Paid internship of no less than 8 weeks or conditional offer of employment with EY office in Malaysia
  • Stand-by participation in the international competition
  • RM 6,000.00 cash prize

3rd prize:

  • Paid internship of no less than 8 weeks or conditional offer of employment with EY office in Malaysia
  • RM 3,000.00 cash prize

If you have any queries about this competition, please email eyytpy@my.ey.com.

The first prize winner of the EY YTPY 2019 Malaysia award will represent the country at the EY YTPY international competition that will take place in the Netherlands from 23 - 27 November 2019.

During the international final, the EY YTPY national winners will be challenged with case studies to prepare and present before a panel of international judges. They will work closely with people from other cultures and backgrounds.

After a final review of their performance throughout the competition, the participants will be invited to a prestigious awards ceremony where the top three winners of the EY Young Tax Professional of the Year award will be announced.

International prizes

1st prize:

  • A 30-day round-the-world business trip built around 10-day working visits to key EY Area Tax Centers in London, New York and Hong Kong

2nd prize:

  • A 10-day visit to one of the EY Area Tax Centers

3rd prize:

  • An invitation to take part in one of the exceptional EY international client conferences, where you will rub shoulders with some of the finest EY member firms’ partners and most valued clients

Please visit www.ey.com/ytpy for more information about the international final.

Marissa Lee shares her amazing experience at the EY YTPY 2017 international competition

Marissa Lee shares her amazing experience at the EY YTPY 2017 international competitionr

Marissa Lee Sher May, a Sunway-TES graduate, was named first runner-up at the EY Young Tax Professional of the Year (YTPY) 2017 international final, held in Amsterdam in November last year.

The international competition saw representatives from 21 countries convene to participate in technical workshops, case studies and interviews before a judging panel, which included EY leaders, academics and Tax directors from major multinational companies.

EY caught up with Marissa after her return from her Amsterdam adventure.
 

Hi Marissa. Congratulations on being named first runner-up in the EY Young Tax Professional of the Year 2017 international finals. Share with us your feelings about this recognition.

I have to say, being named first runner-up felt so amazing! This was especially after all the effort that I had invested into the competition since day one.

To be honest, after my presentation to the judges in the final stage, I was pretty sure I didn’t stand a chance to make it into the top six. It felt like I was not able to provide enough content.

However, things turned out differently in the end. I am happy, blessed and thankful for such a reward.

Also, the opportunity to fly the Malaysia flag high was something I was truly proud of!
 

What was it like participating in the EY Young Tax Professional of the Year 2017 international finals?

On the day I attended the EY YTPY 2017 Malaysia briefing session and watched the video of the EY YTPY 2016 international finals, I told myself that I will represent Malaysia in Amsterdam, meet new people in the finals and experience new things in a foreign city.

Just being part of the EY YTPY 2017 international finals was already a win and a great experience that I would cherish forever!

The first few days of the competition was just fun, fun and more fun as we got to meet new friends (read: competitors) and EY global tax leaders!

We even had an Escape Room group activity where we had to crack our brains together as a team to set ourselves free - we failed in the end though (ha-ha).

There were also fun workshops where we debated against each other on tax topics while improving our presentation skills.

Overall, it was the best experience I had in 2017 and made the year such a memorable one!
 

What were some memorable experiences from the competition?

No doubt there were many memorable moments of my time there, but the most cherished experience would be the new friends I made. We got so close in only five days! I felt like crying when we said our goodbyes on the last day of our stay.

Thinking back, I did face many challenges during the competition. On the personal side, I was somewhat nervous during my first meeting with the winners of the other countries. I was afraid I wouldn’t fit in or they may not like how I am as a person.

But I was blessed to have met a great bunch of winners who were so friendly and eager to learn about our Malaysian culture. That helped me overcome this apprehension and I felt so welcomed!

On the competition side, the actual tasks and interviews were really challenging, mainly due to the pressure of having to prepare case presentations within a short period of time. I felt that I wasn’t able to prepare a proper flipchart presentation and I could have done much better if I had more time.

However, I did perform my best in the given 40-minute time frame, and from this, I learned a valuable lesson to stay calm and do your best under any kind of pressure.

I also found inspiration during a sharing session by Jay Nibbe, EY Global Vice Chair – Tax. During his session, he mentioned an idea that really struck a chord in me and left me pondering upon it ever since - “connections”.

Mr. Nibbe shared with us that in order to be successful, we need to be able to make that special connection with the people we meet in our lives. This idea resonates well with me.
 

How did you like Amsterdam? Did it live up to your expectations?

If I had to describe Amsterdam in one word, that word would be “beautiful”!

It was really cold when I first arrived at the airport. But the beauty of the place and the dreamy canals made me forget how cold it was! It was definitely beyond what I had expected - the scenery there was truly breathtaking!
 

Would you mind sharing with our readers who Marissa Lee is?

I was born and raised in Petaling Jaya. I love Petaling Jaya because it is so convenient to get all the delicious Malaysian food – everything is just around the corner!

My hobbies include singing, drawing, baking, travelling and making travel videos.

I would like to think that I am a smiley person and I try to be as positive as I can.
 

So what is next for Marissa Lee?

I recently completed my ACCA in Sunway TES. Currently, I am doing some part-time jobs, including being a cooking demonstrator and helping students to figure out their next step after completing their ACCA.

I am off for more getaways and adventures overseas in January and February 2018 before starting my next big adventure – working with EY in March!

  1. What is the EY Young Tax Professional of the Year (YTPY) Award?
    The EY YTPY Award was created to reward and encourage the next generation of tax professionals. In 2019, students and young graduates representing over 30 countries will compete for the EY YTPY title in the Netherlands from 23 - 27 November 2019.

  2. What is the difference between the local and international competitions?
    Participants in each country compete for the country’s national EY YTPY Award. Each country winner is then eligible to join other country winners at the international final in the Netherlands to compete for the international EY YTPY 2019 Award.

  3. When did the program start?
    The EY YTPY program started in 2011 and involved nine countries. It has since grown to involve over 30 countries. The program was launched in Malaysia in 2013.

  4. How many countries are involved?
    The EY YTPY competition will be held in over 30 countries this year.

  5. Why was YTPY program established?
    The answer, quite simply, is that young talents matter: they are the next generation of tax professionals, a profession that is growing in strategic importance.

    The EY YTPY is an innovative program that seeks to reward and encourage the next generation of tax professionals.

    The award honors the contributions of promising students and graduates, and serves to:
    • Reaffirm the growing importance of tax knowledge in the world of business and finance among university students and graduates
    • Promote the emergence of young talented professionals in the field of tax, thus fostering interest for the tax profession and a future career in this field
    • Demonstrate to business leaders, the tax profession and tax administrations globally that investment in future tax talent is essential

  6. How does a participant get to the international level of the EY YTPY Award?
    The process begins with a national competition in most countries. All country winners are then eligible for the international EY YTPY Award. There is no separate nomination process for the international EY YTPY Award since all the candidates qualify on the basis of being the current EY YTPY country winners.

  7. Will there be awards given for different categories at the international level of the EY YTPY Award? What will the prizes be?
    There are no specific award categories, but there will be a special recognition for the candidate who demonstrates the most "inclusive leadership" style and skills.

    The three successful winners will be rewarded as follows:

    • First prize: A 30-day “round-the-world” business trip built around a 10-day working visit to key EY Area Tax Centers in London, New York and Hong Kong
    • Second prize: A 10-day visit to one of the EY Area Tax Centers
    • Third prize: An invitation to participate in an EY international client conference, at which the winner will have the opportunity to meet EY leaders and key clients

    There is also an additional prize:

    • Patrick Dibout Inclusive Leadership prize: Bearing the name of a founding member of the competition, this prize is awarded to the candidate who demonstrates the most inclusive leadership behavior, as well as a particular interest and a high capacity to leverage diverse perspectives and ideas. The winner is selected by his/her peers, based on his/her openness to listening and learning about other cultures.

  8. How are the winners selected?
    All the participants competing for this year's international EY YTPY Award have won the title of EY YTPY 2019 in their respective countries.

    During the final testing days preceding the international EY YTPY award, each participant will have the opportunity to work closely with a diverse range of tax professionals who will assist in preparing the candidates to meet with the final judging panel.

    The finalists will be challenged with international taxation case studies and interviews before expert judges who will be looking for evidence of creative and analytical strengths, as well as practical skills, inclusive leadership behavior and personality. The panel will then confirm the three winners of the EY Young Tax Professional of the Year Award 2019.

  9. What kind of guidance are the participants given to prepare for the competition?
    Each country winner will have an EY tax professional to act as a local coach, providing insight on tax technical and approaches to case analysis and presentation. At the international event, EY senior tax professionals will be present to provide individualized guidance and feedback.

  10. Who is on the judging panel? How do you ensure the judging process is unbiased?
    The judging panel will include not only partners of the EY Tax services, but also influential members of the tax community from government, academia and corporations. Judges are rotated from year to year, to ensure fresh thinking and enthusiasm in the judging process.

  11. How can students and graduates coming from vastly different academic and professional backgrounds be judged against each other?
    The award is given on the basis of six criteria, allowing all country winners an equal opportunity to compete: entrepreneurial spirit, financial “flair”, strategic direction, innovation, technical knowledge and executive presence.

  12. Winners of the international EY YTPY 2018 Award:
    • First prize: Samantha Schwarz, Australia
    • Second prize: Carlos Wong Fook Chin, Malaysia
    • Third prize: Daniel Lewis, South Africa