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Anyone in LHR terminal 3?
On the beach vs on the bench. Thoughts?
EY folks...thoughts on LEAD?
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Lol @ Risk and PI being related...Parthenon has a separate recruiting process, and acts fairly independently. TAS does deals and valuation work. If you are looking for a consulting gig, then you have interviewed for the correct position.
I have see TAS and a few senior PI sector focused individuals move to Parthenon, all with a specific industry focus. Parthenon is different typically.
TAS is nothing like audit and far more ambiguous and aggressive. TAS also does a lot of the work PI wants to do bit at higher rates.
Expect 3 more interviews until you move to the final round, where their will be 4 more interviews and 2 Super Days
😣
^to be clear: I know ey1 is joking. I'm just talking about why the process is so inefficient that they can't get what they need out of you after phone interviews and 1 office visit.
I would always go in ready to solve cases
I do not recommend EY. Budget cuts. Tiny bonuses announced this year. Partner pension cuts.
I don't think a jump to Parthenon is likely at all, from either TAS or advisory. But I would agree that TAS actually works directly with Parthenon as opposed to Advisory which seemingly competes
TAS OTS has functions in finance, tax, IT, HR, commercial, supply chan, and basically any other area PI or consulting represents. They focus on transactions from due diligence to transaction execution to post-close integration and strategy. There is a target, a date and the focus is clear though mgmt is sometimes militant.
The nature of a deal is that it is fast but also ambiguous and you are making decisions with 70% data given the need for speed. There is structure but every deal is different. The hours are longer and work is harder but more interesting and strategic. Their teams are better managed and have higher capabilities in complex problem solving. That is why the pay is better and why they're always staffed out.
No longer at EY and wasn't in Parthenon but was industry aligned so a lot of my projects were under OTS - not sure i can be of much help now aside from answering general practice questions
If its not significantly more money, you may be better served staying stay put. EY strategy in PI isn't very strong unless you are going in with an industry focus like healthcare or p&u
TAS is however doing quite well and is a well run practice doing strategic work
Huh PI does not align with risk they are literally mutually exclusive/opposite alignments. I would agree that Parthenon is where most people want to be but unfortunately that isn't happening unless you actually get an interview with Parthenon. There is pressure to figure out the best way to go to market given the confusion but guessing it won't get resolved anytime soon, so we still have three separate strategy shops (FSO Strategy, National PI Strategy, TAS-Parthenon)
Don't like S&O? I'm always curious why people switch around between comparable firms.
I'm currently part of advisory, not s&o, so any strategy related alignment wouldn't be bad 😀
Pc1, you're drunk go home. PI is compensated higher than risk. You're discussing partner level comp but that is irrelevant for 99% of us here
EY1 - what do you think the gap is between PI and Risk? 5% depending on level?
TAS is 15-20% higher. OP might be good leaving Deloitte advisory and heading to PI as the comp is very different and well under the pay in Deloitte consulting.
From what I understand it wasn't a great year for PI/Risk versus TAS, at least based on number of PPED promotes relative to practice size.
PI Strategy in particular didn't have a great year but there have been challenges there the past few years in alignment and focus.
Its significantly lower at EY, the higher you go up the ladder. The salary survey a few months back laid that out. It has improved over the years, 4 years ago EY was paying new college hires about the same salary I got at Deloitte, a decade earlier. EY is now more competitive on starting salary.
Deloitte has a consultant level that EY does not,. EY is 2 years to senior, Deloitte is 4-5. So you have to look at it more on years experience but by manager, the gap starts to widen further and Deloitte managers routinely make as much or more than EY managers. TAS MBA hires at senior, make more than many managers in PI.
How do they coexist - their work is different as is their rate structure so they more operate as separate entities with their own targets, relationships and approach.