EY UK has launched a "earn as you learn" scholarship in partnership with the universities of Bath, Lancaster and Warwick, aimed at students pursuing a degree.
The scholarship includes the provision of up to £40,000 in financial support, as well as work experience placements at EY.
Scholars will also be guaranteed a paid summer work placement at one of EY’s UK office during their second year, as well as a year-long industrial placement with the firm in their third year.
Available to 60 students studying accounting and finance across the three participating universities, the programme will endow successful applicants with £15,000 over the three years of study.
The remaining £25,000 scholarship money will be delivered in the form of a salary under the scheme’s summer and industrial placements.
A further annual sum of £1,000 will be offered to students who "meet the criteria for widening access to higher education", according to EY.
EY Assurance UK & Ireland managing partner Hywel Ball said: "Our Assurance Scholarship programme is designed for those who are focussed on starting a career in accountancy, but who don’t want to miss out on the university experience.
"We already offer school leaver, graduate and undergraduate programmes, but we are expanding the range of career entry routes in response to growing demand. It’s a great opportunity for students to earn while they learn," he added.
Bath School of Management dean, professor Veronica Hope Hailey said: "This new scholarship scheme offers our students an enviable pathway into one of the world’s leading professional services companies, as well as substantial funding for their studies."
EY is not the first of the Big Four in the UK to offer a salaried scholarship for university students.
In 2011, KPMG UK announced the launch of a similar programme in response to the rise in university tuition fees.