Offer Decision: Deloitte vs. EY-Parthenon
I received internship offers from Deloitte (Strategy group) for the LA office and EY-Parthenon for the NYC office.
I am very conflicted because I like both firms for different reasons. Deloitte seems to have a broader range of projects/industries and a more comprehensive experience overall. I really like the fact that EY-Parthenon is smaller and seems to have a strong office culture due to less travel. However, I'm not sure whether I would like the projects at EY-Parthenon given that they have a more narrow focus.
Location is also something that I'm considering. I don't mind interning in LA, however I would really like to be in NYC after college. I'm not sure how easy it is to transfer offices at Deloitte after completing an internship. Also, if one firm is clearly better than the other, location wouldn't be as important to me.
Lastly, I may choose to re-recruit FT at MBB next year, so I want to choose the internship program that will best prepare me for that. What would you recommend in terms of:
1) Location (is it easy to transfer Deloitte offices?)
2) Type of work: strategy vs. implementation & overall scope of projects
3) MBB placement
4) Office culture
5) Work-life balance
Thanks!
First, congrats on the offers!
1) I've seen office transfer happen but it's definitely harder if you want to transfer to one of the more popular offices (e.g. NYC). Was told that it gets easier after your 2nd year if you have compelling reasons.
2) EYP is almost all strategy & PE due diligence projects - DD's are usually 2-3 weeks long, while strategy projects usually won't go longer than 2 months max. That being said, I was told that EYP is undergoing some restructuring (integrating more w/ EY?) so my information might be outdated. Deloitte recently restructured how its portfolio offerings work so I can't speak to that.
3) What location would you prefer for MBB FT? There probably wouldn't be any material difference reputation-wise between the two firms, but the location difference may have an effect (i.e. if you choose Deloitte and then apply for MBB NYC next year, you should have a good reason as to why NYC, especially if your home/school is not there or your school is not a target).
4) Can't speak to either - applied to Boston/SF.
5) On average, Deloitte is probably much better on work-life balance only because EYP does a ton of DD projects and those can be brutal. But I'm sure that if you work in the group in Deloitte that does DD's, it's probably no different.
Speaking from my experience getting offers from Deloitte/EYP as a jr and then successfully rerecruiting for MBB.
Thank you so much for the detailed response! May I ask which offer you ended up choosing your junior year?
Go with Deloitte.
Why do you say that?
Many things OP asked are the same for both Deloitte and EY-P. The only differences are:
1 - Money. Deloitte overall pays slightly more annually and has 2nd yr MBA tuition reimbursement.
2 - Deloitte has exposures to M&A and Non-M&A. I bet that OP received EY-P M&A Strategy not growth strategy. M&A Strategy is a good group but is very limited to M&A deals.
Congrats on 2 great offers!!! Unfortunately the factors you listed don't clearly fall one way or another. If I were you, the 2 questions I'd base the decision around are (1) How badly do you want to be in NYC and (2) Whether or not you want to do due diligence projects or more general strategy consulting (assuming you're part of that group at EY-P, which you need to validate)
> I really like the fact that EY-Parthenon is smaller and seems to have a strong office culture
EY recently moved a lot of non-EY-P people into EY-P, so this is probably not going to be as true anymore. I also doubt you'll actually be in the office next summer
> however I would really like to be in NYC after college
Then take the offer for NYC
> Also, if one firm is clearly better than the other
Thankfully they're highly comparable
> 1) Location (is it easy to transfer Deloitte offices?
Companies have targets by office, so it depends on some micro-level factors that won't be easy to assess outside-in. However, it should be very easy to transfer offices after ~1 yr FT at least if you do decent work
2) Type of work: strategy vs. implementation & overall scope of projects
You need to figure out which group in EY-P your offer is for. Traditionally they're known for due diligence which is a pretty classic strategy consulting thing, but they recently moved a lot of not strategy consulting work into EY-P
3) MBB placement
Either would prep you very well
4) Office culture
Who did you like better during interviews and networking? This is a subjective fit question
5) Work-life balance
While it'll be bad at both, due diligence projects are probably the worst WLB in consulting
Deloitte can be quite flexible with relocating you after your internship. I can speak from personal experience.
Hi OP, I am currently making the same decision right now between Deloitte vs. EY-P. Would love to hear which one you chose in the end and why.
when was your super day and when did you get the call?
I’m speaking from personal post-undergrad experience. Deloitte is a great firm, and amongst the Big 4 it has the largest and best Consulting practice so they can charge up. If MBB is your end goal, go with EY-Parthenon (only if it’s the Parthenon division). They are a smaller group and can charge up even more than Deloitte but in terms of prestige and exit opps into MBB, if MBB is considered Tier 1a, EY-Parthenon is tier 1b in a class of its own while Deloitte is is at Tier 2a. Parthenon is not all of EY’s consulting unit so make sure it’s part of it. You really won’t regret it if consulting/PE exit opps are your end goal.
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