The problem with the failed split is that EY-Parthenon has limitations when serving clients that are EY's audit clients.

This means a bit more bureaucracy when approving projects (i.e., there's a process to make sure that EYP can serve that client) and that maybe 20% of the market is out of reach.

So there is a limitation, but not a major issue that should prevent anyone from accepting an offer or pursuing a career in there. Of course, it puts them at a disadvantage.

There is one relevant exception, though. It is regarding industries where EY has a very strong foothold in audit. Meaning that if you want to perform strategy work for those industries… it's going to be difficult. Make sure that you “stress test” ay industry you really like in your networking calls and interviews!

Hi there,

Why don't you apply and then figure it out then?

You don't have offers….so you're wringing your hands over a false choice.

That energy is better spent on things that actually matter and are actually relevant…i.e. getting those offers.

Cross this bridge when (IF) you get there.

Here's some reading to help maximize your chances of getting more interviews (article applies to internship *and* full-time): https://www.preplounge.com/en/articles/how-to-get-a-consulting-internship-tips-and-tricks

And here's some reading to help you for when you do interview:

https://www.preplounge.com/en/articles/pitfalls-case-interview-preparation

https://www.preplounge.com/en/articles/how-to-shift-your-mindset-to-ace-the-case

https://www.preplounge.com/en/articles/dos-and-donts-in-a-case-interview

Hi there,

Q: Should I still accept their offer if I don't manage to land an MBB offer vs. taking another Tier 2 offer say LEK, SKP etc? 

If you don’t have any offer I would not try to guess the best option now. Rather, I would apply to all the companies interesting to you and choose the best offer when you have secured them.

Good luck!

Francesco

Dear candidate, great

 Yes feel free to accept but know a) must be what you like to do and 2) you can continue to apply for MBB throughout the time. Best regards, Pope

Hello,

Good job for doing your research early about these things! I fully agree with Ian's advice here. Consulting recruiting is a convoluted process and unfortunately success is not always guaranteed even for the best candidates. My advice would be to apply to all firms that you think you would actually be interested in working at, and then figuring out questions like this once they arise in practice, if they do so. If you apply too narrowly, you risk missing out on a bunch of opportunities. Best of luck!