Thoughts on The Parthenon Group
Looking at The Parthenon Group right now for strategy consulting. Looks like they keep a pretty low profile online so its been tricky to find much info on the firm. Any thoughts here about the culture, reputation, exit opps, etc. for post-MBA roles at Parthenon?
Bump.
2 cases at once so less travel and client time (but just as much if not more work), really strong in a few practice areas, probably closest to Bain lite of all the MBB vibes
^ Nice. Heard Education is one of their bigger practices. Any truth to that?
Yes their emerging markets education practice is huge, but they're big in a lot of different industry verticals. Which office are you keen on? I think they only have 4 globally.
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There are a lot of threads on Parthenon already. You should search for one.
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I know there are other threads but not really much information. I'm curious about more opinions on the parthenon group, like the perceptions from other firms, exit opportunities, salary etc.
Parthenon rescinded a bunch of full time offers back in 08-09, and were subsequently banned from recruiting at HBS for some period of time. Something to consider.
Parthenon's recruiting from my university (undergrad) for their office in Mumbai. I've applied and I'm waiting to hear from them. Anyone knows about their Mumbai office?
Not that big of a firm, but still has a brand in certain industries.
Parthenon Group Lifestyle? (Originally Posted: 09/01/2011)
Currently making my finalized lists and have recently became very interested in Parthenon. I know their comp is pretty solid but, was curious is anyone knows about the lifestyle there? Particularly curious about travel... I'm assuming that the SF office would be more stationary because of the tech industry work but, anyone know about Boston or London? If im totally wrong about SF please correct meas well. Thanks.
I have heard they dont travel very much at all, and a pretty good firm all and all. I've also heard that their comp at the entry level is the best
A guy I met from Parthenon is amazing. I would work there in a heartbeat.
Yea I was at the career services at my school (which is a top B-school) and I saw their brochure which got me interested. I really like their work and apparently theyre a corporate partner so I will give them a shot.
If you're looking for FT, HR told me they filled up all the spots with their interns.
Check out their Asia office in Mumbai -- they cover "emerging markets" (ie anything non-US / Western Europe). A friend from the US works there and has been to Brazil, China, Middle East and SE Asia in the last year and made it back to Boston for company events. Can't beat that for travel!
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Redninja - fuck that's insane....up till now I had an incredibly good view of Parthenon too..
I feel the same way...wow
thats super harsh to be get blacklisted like that! sucks to be them!
The recession really hit Parthenon hard. During 2008-2009 they recruited at some schools and conduct numerous interviews but would only give out 1-2 offers. Did not hear about the reneging but a similar thing happened with OW and Bain where they tried to get people to stagger/delay their start dates.
That actually makes sense given their equity stakes... I guess I'll just have to let the year play out and see what happens...
Parthenon Prestige (Originally Posted: 02/01/2014)
I've done a bit of research on this, but how is Parthenon perceived? Are they like Moelis/Centerview/Lazard as to GS/MS/JP? Also, I understand that the majority of MBB's clients are F500 companies. Any ideas of who are Parthenon's client base?
Bump
Similar to LEK...probably same size, do similar work (except for education). Essentially prestigious boutique firm
Definitely stronger than LEK
Meh. LEK, OW, Parthenon, Deloitte S&O, ATK... They're all on similar footings. You're splitting hair once you're trying to differentiate one from the others in terms of prestige (in the US at least).
Interesting question and analogy (Parthenon/LEK:MBB as Elite Boutique:Bulge Bracket). I've kind of wondered the same. Elite boutiques focus on a subset of the services offered by BBs (to me the most interesting, i.e. M&A and sometimes restructuring), but work with the same level of client and are book runners on major deals. Someone correct me if I'm wrong, but there's a notion that LEK and Parthenon are strategy shops that do less operational work..I'm curious to know if they solve the same type of c-level problems for Fortune 500 companies as MBB does...Or are they primarily doing PE due diligence and strat cases with mid-sized companies stemming from their network of PE port-cos. The fact that their cases are much shorter to me indicates that they do different type of work.
At least in the case of LEK, it's more the latter. They do a lot of due diligence for MM and smaller deals, and a lot of their non-DD cases stem from them. Their regular client mix is also decidedly more MM than MBB. (A couple of very close friends work there.)
And there's a big push internally within LEK to move into operations and implementation, which isn't surprising at all. There's very limited growth potential for pure strategy cases, especially given LEK's position. They probably have been meaning to move into the space for a while but were probably limited by capacity constraints.
In the tier of consultancies below MBB, the firms are more differentiated by the fact that they tend to have specific niches, rather than by clear, overall 'prestige' differences.
Parthenon and LEK are small, mostly pure-play strategy shops. Because of this they rarely ever travel, and sometimes work on 2-3 different cases at once (this is actually something that Parthenon stresses in their recruiting info). The lifestyle, and I imagine method, is very different from what most people think of consulting (they probably do much more research and data analysis than client interviews and interactions). They both have strong PE practices, especially Parthenon, which is a plus for a lot of the more prestige-minded people on this board because it means that you have a shot at exiting to a MM PE firm. Parthenon has a very large education practice. LEK seems to do a lot of biotech and life sciences strategy, but this may be more office-dependent.
The other firms that pnb mentioned have a more similar business and work-travel model to MBB. OW is great in financial services, ATK in operations work, Deloitte is the biggest and does a mix of strategy and ops like MBB, although none have a PE practice.
PE is half the work at Parthenon; Friend who worked there did one corp strategy case in 3 years, was otherwise doing 2 PE due diligence projects at a time.
From my understanding, they do very little F500-type work outside their market niches (education & publishing being one).
I know my fund has hired them for both DDs and strategy projects. We've also hired all of MBB for strategy projects, but they're very small companies for MBB to work on, whereas they're in Parthenon's wheelhouse.
Interested in Parthenon Group (Originally Posted: 09/11/2014)
Hi folks,
I'm looking to network into Parthenon Group - I'm at a non-target school in the midwest. I know many people from EY but I'm not sure whether that helps - does anyone know their email format or have any tips on breaking in? I'd really appreciate it - thank you.
used to hang with some guys from parthenon when i lived in boston. literally all of them were from ivy/little 3. not sure if things will change post acquisition.
Parthenon recruiting tactics? (Originally Posted: 09/17/2014)
Hi,
I attend a top 10 target school where all the best consulting firms recruit on campus. I got interviews at MBB but got waitlisted at Parthenon. I'm not sure why that happened. Any thoughts?
Oh my God, the sky is falling. You got wait listed for an interview after getting MBB interviews. Oh, the horrors. This is really nightmare-ish material. You must be feeling so inadequate. I just cannot imagine your pain and frustration. God forbid there were other qualified candidates who may have done more networking and/or were more impressive on paper.
Parthenon Boston (Originally Posted: 02/06/2007)
Anybody know anything about Parthenon? Career track, compensation, reputation, interview process? Any help would be greatly appreciated.
I believe comp is higher than MBB. Strong reputation in consulting, but you won't have the same alumni network as MBB.
agree w/ gibranmeng, though comp is probably only marginally higher than MBB. Still have great opportunities to go to a top 5 b-school.
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