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What's the difference between EY Performance Improvement - Strategy and Parthenon-EY? Is PI solely focused on FS? Do they cross staff often? How different is comp on 1 level, e.g. senior?

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I'm not sure about all of the work differences, but my understanding is that Parthenon (now S&O) pays more (similar to MBB) and performs more due-diligence work.

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Parthenon does mostly due diligence, with some groups such as SSG doing post-transaction value creation. The value creation work would be somewhat similar to the PI strategy you mention, but more in line with the types of roadmaps/business intelligence/optimization that MBB would do. To your other question, no they do not cross-staff right now to the best of my knowledge (I’ve never seen it) Not sure about comparisons of comp but P-EY overall is in line with MBB

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Can you elaborate on the groups that get more Value Creation than DD? Also, how much overlap is there between value creation work in P-EY and operational transaction services - value creation? Personally, it is really confusing why EY splits TAS from Advisory, but that's a question for another day.

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