Alle Fragen zum Tag EY-Parthenon - Consulting Q&A - PrepLounge.com

Hey,

I have provided a lot of insights on Accenture previosuly. Have a look at below threads.

Make a choice based on the firm & role which is a better fit with your career aspirations, values and risk profile. Choices are never perfect as with every other event in life. So remove that pressure.

• https://www.preplounge.com/en/consulting-forum/possibility-of-movement-from-accenture-to-mbbtier-2-8915
• https://www.preplounge.com/en/consulting-forum/how-does-accenture-strategy-compare-against-t2big4-regarding-compensation-and-exit-opportunities-in-germany-8920
• https://www.preplounge.com/en/consulting-forum/deloitte-consulting-vs-accenture-strategy-consulting-in-europe-9885
• https://www.preplounge.com/en/consulting-forum/what-makes-accenture-strategy-stand-out-besides-the-ability-to-be-involved-in-an-end-to-end-solution-for-the-client-9418
• https://www.preplounge.com/en/consulting-forum/accenture-strategy-consulting-9886

Congrats and all the best choosing.

Hi there,

First, congratulations on getting past the first 2 rounds, and best of luck in this third one!

In general, you should expect and prepare for the same things you've already been preparing...that is...anything!

Of course, you should be ready for it to be potentially a little more intense, or to dive more into business concepts or be more unstructured, but it's all generally the same!

Additionally, if you received specific feedback on weaknesses, make sure to address/fix these!

Other than that, keep doing what you're doing it's you've passed the earlier rounds as it's obviously working!

Helpful Related Q&As

https://www.preplounge.com/en/consulting-forum/be-prepared-for-partner-interviews-and-their-specialties-even-in-the-1st-round-6773

https://www.preplounge.com/en/consulting-forum/what-are-some-of-the-most-unconventional-or-socalled-partner-level-cases-youve-seen-and-whats-the-approach-8107

https://www.preplounge.com/en/consulting-forum/final-round-interview-with-2-partners-8558

https://www.preplounge.com/en/consulting-forum/what-to-expect-from-a-final-partner-interview-for-internship-at-roland-berger-middle-east-8203

Hi there,

This is an excellent "excuse" to network! These are great questions to be reaching out with to current consultants!

In general, the paths are similar around the world.

Here is some useful info to get you started:

https://www.ey-parthenon.nl/careers/career-path/associate/?L=0

https://www.ey.com/en_gl/careers/parthenon

https://www.preplounge.com/en/consulting-forum/how-does-the-career-ladder-looks-like-at-ey-parthenon-6165

Hi there,

Given you only have 1 day, I'll really keep my advice brief and immediatedly actionable:

You need to show them that you are a smart, capable individual who works well with others, drives to insights, communicates+thinks in a structured and clear manner, and is coachable/adaptable.

Be ready for literally anything, but always come in with the hat/mindset of "I'm going to get to the bottom of this problem". Do so by being objective-driven and ruthlessly eliminating any information/charts/questions that will not get you closer to the answer.

Good luck!

I don't think anyone can answer this question without a better understanding of what you're trying to optimize for? You're comparing two companies that ar not comparable - it's like asking "What is better, a Tesla Model 3 or a Sony PS5". Both are great products, but they serve an entirely different purpose.

Just as you'd have to define if you want to by a car or an entertainment system, you will need to define what you're optimizing for with your career choice? Do you plan a career in strategy consulting? Go to Monitor Deloitte. Do you want a career in bopharmaceutical development? Go to IQVIA.

Happy to refine this answer if you can provide what your ambition is.

Hello!

As an engagement manager in the legacy London EY-P practice, happy to try decipher this for you - it can be a bit confusing indeed!

As a starting point, it's probably best to travel back in time a few years to understand how this team has been built up. Back in 2015, there were actually 3 separate teams that are all now housed under the same brand 'EY-Parthenon Strategy':
- Parthenon - heavily focused on Education sector and mid-market PE clients
- EY Commercial Advisory Services (part of TAS) - very similar to the Parthenon team, focusing on PE clients and growth strategy, but covering different sectors (e.g. Industrials, TMT, Consumer)
- EY Advisory Strategy - serving larger clients on longer term projects (e.g. operating model design, sourcing / supply chain, performance improvement, etc). Sector strenghts are as you outlined above, e.g. in Consumer & retail, Energy, Automotive

So, as you say, the most recent change has been to join the 40-50 consultants from EY Advisory Strategy into EY-P Strategy, which is part of the newly formed SaT (Strategy & Transactions) EY service line - forming a group of c.150 consultants in London. All the services and focus industries remain the same, and now there's just a larger pool of consultants that can have a more varied strategy consulting experience (ability to choose between 'transactions' or 'corporate' projects).

Hope that is helpful, but please shout if you have any other questions.

Hello!

There no absolute truth here, not at all. Both could be great options, it depends on you:

• What do you want to do longer term? If healthcare is your passion, then for sure makes sense. If you are interested in many industries or perhaps looking for stepping into MBB later, probably remaining as a generalist opens you more doors
• Do you konw the poeple in both workstreams? This can make a huge difference
• Same with the career plans, are they anyhow different among the two of them?

As you can see, totally dpeends on the fit with YOU!

Hope it helps!

Cheers,

Clara

Dear A,

The first steps are well-known and simple: polished and representative CV, good cover letter.

Also, I would recommend you to apply with referrals to maxmize your chances.

BTW, on September, 10th I will make a webinar on Upcoming hiring season, and how candidates can crack it. You can find more information in this post https://www.preplounge.com/en/consulting-forum/free-webinar-with-coach-andr-save-yourself-a-spot-7733

Best,

André

Hello!

If the date of today was communicated by them -officially or unofficially-, then touch base with HR by the end of the week. Good luck!

Best,

Clara

Hello!

Congrats on the offer! Even more in this crazy times.

What you mean positioning? In terms of salary and conditions for employees, in terms of fame, etc.?

Cheers,

Clara

Hi there,

I just helped a candidate with her EYP final round in UK. She had a standard case and a take-home case. The standard case was a traditional cost-cutting one.

If you have to do a written/take-home case as well, I would recommend the following:

https://www.preplounge.com/en/consulting-forum/any-tips-for-writtenpresent-case-format-60min-prepare30min-present-at-director-level-3849

For what concerns the standard cases, the structure of the rounds is the same (fit + case+ your questions); however in finals there is usually more emphasis on communication and fit.

Specifically, the main differences you may find in a final round with partners is that at that stage they:

1. Spend more time on fit questions and your alignment with the company
2. Check more closely your communication (eg how you react to challenging questions)
3. May not have a “proper” structured case to present – during one of my finals I had one interview which was made by two market sizing questions and a brainteaser, without any business case. That's because during the final they know you can structure and crack a case (you passed 1 or 2 rounds already) and are more interested in your logic, personality and fit with the company.

So in order to prepare I would concentrate on the following:

• Review in detail your fit. Be sure to review your answers with experienced candidates or consultants and to have at least a backup for each dimension
• Work on your communication (reaction under pressure, how to gain time when you do not have a structure ready, connect with the interviewer, etc). This is something you can do almost exclusively in interviews with peers.
• Prepare cases as you did for the first round. If you got feedback on a specific area, focus more on that part.

If you need help please feel free to PM me.

Best,

Francesco

Hi there,

Well done getting past the first round (or first part of the first round!)

1) You need to confirm with HR! EY is known to do written and group cases. So, double check whether it will be a standard interview (case + fit) or if you should be prepared for something else

2) This is correct, but also don't forget to have a deep understanding of their core industry expertise: Healthcare, Retail, PE, Consumer Products, Education

You are also missing Growth and Portfolio Optimization

3)

• Resume walkthrough
• Why Consulting
• Why EY
• Stories

For your Stories

• ​Create 4-6...make sure they can be adapted/adjusted based on the question asked
• Stories should cover the following key themes:
  • Taking / Showing initiative
  • Big Achievement
  • Leadership
  • Challenge
  • Change Direction
  • Initial Failure
  • Persuading / Influencing Others
  • Proudest Moment
  • Teamwork
• Stories should follow the general flow of:
  • Here’s a problem
  • Here’s what was going to happen (bad)
  • Here’s what I did (and why)
  • Here's the ending (saved the day, everyone happy)

Good luck!

Hello!

In most cases, depends on the tenure.

I don´t agree with the comment that it hurts your chances to get hired. I know many people that indeed got their visas sponsored when in consulting and tech.

Best would be to touch base with HR for your specific case.

Hope it helps!

Cheers,

Clara

Hey!

RANGE SALARY
Senior manager : 130-150K$
Director : 150K-220K$
Partners : 300K$-500K$

BONUS
Director : 10-25%
Partners : really depending

I don't know where you get your numbers but that is pretty high.

Take the Amazon offer! It is more relevant if your long term aspiration is to remain in tech. Plus PM roles in Amazon are probably the most elite track you can be on so moving to BizOps from PM will be a breeze

Hi, feel free to text me for an overview of consulting offices in English speaking countries

Best

Antonello

Definitely agree with the previous comment about asking HR more details about the call. Specifically you want to know whether this is an interview (always treat any call as an interview) and what type of questions you can expect on the call

Since you were referred to the position from a senior person there is usually an obligation on their end to at least have 1 round to assess your fit for the role

In terms of prep - read up as much as possible about the field you are interested in and have a list of genuine questions prepared for him. The more interested you are the higher the chance of you being formally interviewed for the role

All the best,

Udayan

Hi there,

The truth: No matter what they say, they're all pretty much the same :)

Your answer: You tell them what they want to hear.

On each of their websites, they list out their culture. Reference some of those keywords in your answer!

Importantly, most will say they value diverse teams/teamwork, collaboration, curiosity, hardwork, drive, etc. It's ok to have the same answer for all of them, as long as they all purport to value those aspects!

Also important: You are not jsut saying why you want them, but why they want you So, if you say "I like Parthenon because they value diverse teams and topics", also say "This is how I've worked my whole life across x important project and y important initiative".

Hi Albert,

I agree with Robert: KPMG is most similar to EY Parthenon and Deloitte strategy.

Strategy& was acquired (Formerly Booz & Company), which is different from the organic growth path taken by Deloitte, EY, and KPMG.

The strategy arms are indeed somewhat "blended" with their larger advisory counterparts...after all strategy naturally flows into implementation!