EY-Parthenon (DACH) Information

Hello,

Here are my thoughts on EYP generally and some thoughts on the DACH region:

1) Prestige wise, I would say EYP is generally Tier 3. Tier 1 being MBB, Tier 2 being Roland Berger, Oliver Wyman, etc. EYP worldwide is generally comparable to Strategy& and Monitor Deloitte. Bear in mind this has an implication on all the following points.

2) Main types of work: There certainly would be some strategy projects, but typically with T2/T3 companies. There will also be a lot of implentation support, operational projects with T1 companies.

3) Strongest industries: For DACH region - I do not know specifically for EYP. But my guess is that they would be relatively strong in the industries heavily concentrated in the region (manufacturing, automobile, etc)

4) Exit opportunities: Definitely possible to switch to T2 firms locally. Can also switch to T1 firms in high demand geographies like Middle East / Australia.

5) Comp and benefits: Its certainly lower than T1. For exact figures, might be helpful to check out glassdoor for the exact country you are looking at.

All the best!

Rushabh

Hello!

Agree with what has been said overall, but I would rather say it's Tier 2. 

Cheers, 

Clara

Hi there,

Former EY-P Principal here.

1) Prestige 

EY-Parthenon has a quite respectable brand, particularly in Germany where it acquired OC&C business to add to its own. It also didn't do the same mistakes Deloitte and PwC did when acquiring their strategy arms - they incorporated them into their consulting business, dilluting their expertise and brand, while EY kept Parthenon within the Transactions team, where there was no overlap but pure complementarity. That kept the team and brand more “intact”. 

Having said this, it will be below Roland Berger, Oliver Wyman, and the likes. You can place it as a “low” Tier 2, or a high Tier 3. 

Unless you are focusing on CDD work, where it will be regarded as a strong Tier 2, probably just below MBB.

2) Types of work

Work will be first and foremost VDD and CDD work. Of course this depends on what role you'll be recruited for. EY has been putting more responsibilities under Parthenon brand ("Transaction Execution", i.e. implementation work, PMOs, Carve Outs, …; “Restructuring”; i.e., financial + operational restructuring). In the Corporate / Growth Strategy you'll do mostly CDD, but will have a decent share of strategy projects, as well as a few market entries. Some implementation may happen occasionally.

3) Industries 

This will be related to the local economy. Don't expect anything special about this, although with strong CDD expertise, will have many Private Equity clients. 

4) Exit opportunities

I don't see any concerns here. This will be related to what was mentioned in 1) and 2). Exit is more likely to the areas where the company has a stronger brand. 

5) Compensation and travel

Should be aligned with Tier 2, if you are applying to corporate strategy roles. Usually CDD type of work is better paid, so there's a chance this will be higher than for other Big4 strategy 
arms. But I don't know the local reality. Compensation is decided at a local level.

Regarding travelling, expect less than in MBB and Tier 2. CDD does not provide travelling opportunities, and international integration at EY (and at EY-P) is still limited, so you will be mostly staffed in local projects. However, this is changing and we're seeing more international assignments recently. 

Hi there,

These are great questions for networking! In general, EYP has a good reputation in the PE/VC space (and that is the main types of work). Industries are going to be country specific. Exit ops and pay/comps are going to be comparable to T2, not MBB