Accenture Strategy vs EY Parthenon
I have been fortunate enough to receive internship offers from both of these groups, however, I'm wondering which way is the best to go for long-term opportunities in terms of exit opps, compensation, MBA sponsorship, etc. Accenture is also offering a much better package for the summer which makes me lean towards them but I also understand that EYP could have a higher full-time salary.
what is comp difference between accenture and eyp? thought eyp was matching mbb at 100k this yr
I believe EYP is 90k and accenture is around 87k for full time but the intern salary is way more for Accenture
if ur comfortable, can u share how each firm is paying their SAs? Prorated/hourly?
You've got two great options, congratulations
I wouldn't make decisions off intern hourly wage. It'll be insignificant in a couple years time
Which groups are the offers for, and in turn which are you more interested in? If there's a significant difference there I'd consider that as a big factor
Personally I'd lean EY-P. They generally have a stronger brand name among consultants and work on a decent amount of actual strategy work. Comp is also historically better. However, (1) they've recently moved a lot of transaction advisory under the umbrella, so we'll see if that dilutes the brand or anything (IMO insofar as they commit to being competitive with T2s on comp, which they have been, that impact can be overstated), (2) one of their core strengths is private equity due diligence projects, which can be very intense hours wise - so just be ready for that
Thanks for that response! Do you think that Parthenon exit opps would be limited to more private equity roles then? Or can you generally go into any industry that you choose given their good brand name.
No, your exits ops certainly won't be restricted to PE. Exits are really varied out of consulting in general, but you can skim the LinkedIn profiles of former EY-P consultants to get a flavor for common exits from them specifically
Great advice in the thread so far. Both great offers. For optimizing on summer experience and brand, I would lean EYP. You will likely get better experiences / cases (they tend to work on shorter types of projects whereas Accenture Strategy can be a bit up in the air depending on the pipeline of work they have).
One thing to note - Accenture Strategy gets a bit of a bad wrap, but it clearly has everyone else in strategy firms beat on WL balane. My friends there work like 50 hours a week commonly. I've definitely been in the same city as them on cases and they're out drinking or at dinners every night while I cranked. Don't discount the idea of enjoying your day to day life!
Why do you think it gets such a bad wrap? Surely it can't just be out of nowhere.
My sense is it gets lumped into Accenture MC in people's minds. Only certain people really know the differences. At more senior ranks the staffing is more streamlined but I have heard there is a bit of overlap where you could be put on more tech / implementation projects at Accenture Strategy given that's where the lion's share of work is for Accenture.
Just my 0.02 knowing people there but not having worked there myself.
I work for MBB but am a campus lead and have good intel that Accenture Strategy is bumping up their analyst starting pay to $105K for the incoming class. Perhaps that is why the summer package is better as it is typically prorated. And for full disclosure, I am ex-Accenture Strategy > Top 5 MBA > MBB but had a great experience while I was there. Because Accenture Strategy is a ran from a separate P&L, the odds that you get staffed on any implementation work is low unless there is a long bench which I'm sure is not the case for any firms right now.
Regardless, between the tier 2s - your decision should always come down to people and culture. Comp, exit opportunities, etc. won't be different enough to matter in the long run but if you hate the environment, you won't be successful. Seek to speak to some actual practitioners (e.g., not just the campus teams) and ask yourself how well you'd fit in. Make sure you understand the staffing model, expectations for non-client/internal contributions, formal training programs, mechanisms for coaching and mentorship, how performance evaluations work, etc. Ultimately, those are the most important things.
Thanks for the response! I'm curious then given that you have worked in consulting for a while- what would you go with here?
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