EY Parthenon Vs Corporate Banking (GLCM)
Hi,
I am a student based in Asia and have received 2 offers: one from EY Parthenon, Singapore and one from a bank in liquidity & cash management, Hong Kong. Currently, i am having some difficulties deciding. Always thought about doing consulting, but I am not sure how EY Partheon is viewed upon especially in Asia, with regards to the exit opportunities. The compensation is also on the lower end for a strategy role. For the bank's role, it does seem to have solid career prospects with rotations and transaction banking is the bank's strong suit.
Hence, I was wondering if anybody could provide some insights into how would you pick between these 2 choices?
Thank you!
EY-Parthenon is a very strong firm and I can't see a reason to turn the offer down for a corporate banking role of any kind. At EY-P, you'll build a strong skill-set in transaction dilligence and generalist strategy consulting, which translates well to a wide range of exits. Common exits are corporate development, corporate finance, and corporate strategy at global 1000 companies. Less common but still possible is principle investing roles at MM private equity funds.
The only thing I'll caveat the above with is that my perspective is from someone based in the US, and I don't know the firm is less reputable / has less deal flow in Asia. But if you have any interest in transferring to US office down the line, EY-P is a great choice.
But given Parthenon's historically weaker overseas presence, and that the offer is in Asia, it is likely a legacy EY group which wouldn't translate into pure strategy consulting - more likely PMO/PMI.
Someone correct me on this but didn't EY in Asia rebrand their OTS teams to EY-P? If so these would be legacy EY - if not mistaken I rmb Parthenon only had a Singapore office prior to the buyout
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