EY-Parthenon Reviews

3.7

68% would recommend to a friend

(2,342 total reviews)

Mitch Berlin

70% approve of CEO

51% positive business outlook

EY-Parthenon has an employee rating of 3.7 out of 5 stars, based on 2,342 company reviews on Glassdoor which indicates that most employees have a good working experience there. The EY-Parthenon employee rating is in line with the average (within 1 standard deviation) for employers within the Management and consulting industry (3.7 stars).

Reviews by job title

2K reviews
3.0
29 Jan 2018

Private equity consulting firm with wonderful people

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

- Generally, EY-Parthenon people are great (especially those recruited through Parthenon, pre-merger). Nice, fun to work with. I genuinely like my colleagues, particularly at the Senior Consultant, Consultant and Associate level. - The salary is very good - We do have interesting PE projects - if you weren't working at breakneck pace on two at a time, they could even be enjoyable

Cons

- We are almost entirely a private equity consulting firm. While there are a select handful of people who get to work on longer-term strategy projects (typically in the education practice), nearly all of our project work is PE diligence. ~95% of my projects have been 1-4 weeks long buy-side or sell-side diligence. - These diligence projects involve almost no client interaction, particularly in the Associate or Consultant role. Most of the client interaction is listening in on conference calls at the beginning and end of a case. - You have very little choice of what sector to specialize in. There isn't enough work in enough sectors to choose what you would like to focus on. We're too small to develop expertise early, unlike other firms. - Double staffing (two projects at one time) is terrible. There are some "pros," but the cons far, far outweigh them. RUN, don't walk, away from double staffing. - Many of the case team leaders are weak managers, meaning staffing is like Russian roulette. (Pray for the good managers, but usually wind up with mediocre - or in some cases terrible - managers.)

1.0
19 Feb 2020
Recommend
CEO approval
Business outlook

Pros

Below the manager rank (there are only 2 Managers both direct hires to Manager. One from internal EY, and another external who nobody wants to work with) Consultants are mostly tightly knit. A few traitors exist but are kept at arms distance. They will probably get promoted this cycle because they are spineless like the majority of leadership, and just like their "mentors" they can never give a straight and honest answer to anything. Ask them out to lunch they'll say they're not very hungry and two seconds later a higher ranked Manager or Senior Manager asks who wants to eat as they skipped breakfast and suddenly they'll act as if they haven't eaten all week. If for some reason you do decide to sell your soul to the devil and survive the pathetic team up to Senior Manager rank, you will be fine because beyond Manager, no one really works. You can be an absolute useless Senior Manager , Director and yet take pride in being "Leader-In-Waiting".

Cons

Where to start?! Nobody wants to touch you after you work here. Exit opportunities are rare. If you get one, wow you escaped! The regions is horrible for consulting. Long hours (working into the AM often past sunrise), heavy travel, weekend work, etc. It is all common across the board except for select teams of some consulting firms. Few things specific to EY-P are: 1) Terrible salary We worked as long and as hard as any other firm and with the same clients, but we are paid less than half of what the others make. You get no signing bonus. Annual bonus is nothing, if we were paid more and had dignity we'd say keep it. There is no education support they offered a colleague 5K USD for a 2 year commitment. He declined such generosity. They can only win by giving deep discounts so I guess salaries are hard to cough up. Where the MBB will sell for 2-4 M they will sell for ~0.5-0.8 M. 2) Spineless leaders (including HR): There was an HR audit. They said no blow-back. Guess what. Whoever went on record got punished. Leaders all play politics. Most are terrible at that too. They default to sucking up and cowering behind "their" partner like puppets. I guess playing proper political games requires brains so shouldn't be shocked at this. Leadership will never say anything to your face, just backbite about you to others at your rank and around. Example you send deck for review to a senior...next thing you know your colleague at your rank will tell you xyz was complaining about your work to me. There is no direct genuine feedback. Another example partner gives glowing review on the system. In the round table, he stabs you and points out all your flaws. Leaders won't stand up to clients. I saw it happen so many times. Client is dumping on the team, partner agrees with client instead of standing up for team. Other times client says I don't want thousands of slides, partner makes team create thousands of slides. Partners often act as EM also. Managers work like Consultants, and Senior Managers and Directors don't work. Only in this team one can get away without having any real skill (or brains). 3) Suck up or shut up culture: Very few survive that. Maybe 1-2 have. Everyone, literally everyone is trying to leave. 4) Horrible office: You walk into the office, it is so depressing. Bad blue lighting, blinking tube lights, desks falling apart. Roaches in the coffee machine in the pantry. Kitchen is tiny next to the bathrooms. Bathrooms smell like urine. (Hence they never interview anyone in office). People are all depressed. You get a head shake, or a nod, or a glance of a hi. Nobody is ever happy to see each other. 5)They only hire from India. So no diversity. They say "we hire the best" and that is crap. There are directors with no graduate degree, majority from Indian B schools or second and third tier EU schools. The reason they hire from India only is because most of them are bright and work like slaves without asking any question ever. It’s like they are dead in terms of dignity and self-respect and just want to keep working like machines. Worst part is that even they admit they aren't learning anything. Three people in total are from good schools that you may have heard of. Two of them are from Columbia (One is a partner!), both on the healthcare team (apart from salary the HC team was the happiest). They've had serious issues in the past but seem to be getting their act together. And there's one partner from HBS, but well he's a leader who couldn't care less. Brilliant yes, but 0 EQ. He's former BCG Dubai's head so the only one who knows the work at all. I guess he can be replaced by a robot. Don't get me wrong, there's tons of people form IIM and ISB, but that's about it. They got lucky with a few IE hires two years ago, following year word got out they got 0. So if you spent a lot of money going to a good school I'd suggest look elsewhere because you will feel you wasted your money, it will add to your depression. They hired a girl from Yale who quit in 6 months and laid off a really smart guy from Oxford because he spoke his mind citing poor performance when he was never put on any project. Recently they hired few new Partners who are basically rejects from other firms in the region. Oh yeah they favor white Europeans too much for no reason. So if you are lazy with no brains and good suck-up white male/female, this is your dream team. These people didn't promote a female colleague (non-white) because she worked on an implementation project saying "it's a non-strategy work" but promoted many useless male colleagues working on same "non-strategy" project and they happen to be all whites. Advice to applicants or those with offers doing research: Please for the love of your own mental health, family and future career stay away or at least reach out to former employees who have left in the past two years, not current employees. Current employees are too scared to say anything . They know they will get into trouble for saying anything. Things I can tell you here are that everyone else pays more. EY advisory pays more than EY-P! There is no fancy lifestyle here at all. You will not be staying in fancy hotels. EY has a city cap system. You usually stay in okay hotels, or crap hotels. Forget the Ritz, its above city cap at its lowest rate. Cost cutting is the name of the game. Long haul flights are always economy you will never get business class, ever, unless you are partner. Also you won't be eating fancy meals. You get 200 SAR a day to eat in KSA or 50 USD anywhere else. So a decent meal will cost you over 100 SAR in KSA. Most people eat crap food to save money from the per diem. Health? We work so late unnecessarily that there's no time to gym or life, might as well optimize things. You will not learn any skills because apart from 2-3 people nobody has any themselves. There's no training. I came in and left with the same weaknesses I went in with. Infact they hired me knowing these skill gaps and in the middle tried to say my performance is bad due to lack of these skills. You do not work with the brightest because the firm cannot afford the brightest. They hire those who were unlucky and didn't get offers from other firms in India. Some got very close too sadly got duped into the EY-Parthenon brand. For more technical people one of my friends still says they use 32 bit software as a global organization in this day and age. How can we recommend anything to clients that's advanced and cutting edge when internally we have outdated systems. In conclusion you get no mentoring, salary or learning consulting should offer here. You leave broken, broke, and depressed. But you leave. And that is a silver lining for everyone still there.

1.0
7 Oct 2013

Abusive management = mass exodus

Anonymous employee
Recommend
CEO approval
Business outlook

Pros

Perks - free food, fun parties, nice colleagues - generally, intelligent group of people. Less travel than most consulting firms. Pretty casual working environment.

Cons

You'll know your place very quickly if you sign-on full-time; management is extremely exclusive & rolls its eyes when people speak up about concerns or ideas for improvement. For a consulting firm, this place needs to hire a retention specialist. Little to no support staff, which means that many of your normal working hours are spent doing things that require very little gray matter...which makes your nights unnecessarily long. HR is an absolute disaster...if you aren't in the clique, they will make jokes at your expense. It's uncommonly unprofessional for the industry. Your hours will be long & you'll feel spread quite thin, but don't complain about it...especially not to your manager, who is likely at a customer lunch or off to his/her vacation home. I recommend taking an offer with one of the bigger firms - you'll benefit from the structure of a well-run company & have more opportunities in the long run...unless you happen to be related to someone already at Parthenon.

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EY-Parthenon Response
12y
We appreciate your feedback and have discussed it within the organization. At The Parthenon Group, we pride ourselves on fostering a dynamic and supportive work environment that rewards hard work, innovation and collaboration. We're sorry to hear that you did not have a positive experience.
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