EYP to PE?
I toured EY-Parthenon’s Atlanta office today and was really impressed, they seem to be the middle ground between sweaty strategy big 3 consulting and big 4 Managment consulting with significantly worse exit opps. I talked to a group of directors and associates one and one and they were all very likable. They claim that people are able to exit from their M&A transactions team to PE shops all the time. Is this accurate? Is Parthenon as prestigious as they say it is? I am currently recruiting for summer 24 banking and considering Parthenon instead as a bridge to PE. Any and all advice is appreciated.
EYP can at best set u up for MM PE and small VC or GE shops. Unfortunately, it just isn’t viewed as sharing the same level of pedigree as MBB (mostly Bain and mck rlly) in the PE world, and keep in mind most PE firms only hire or strongly prefer bankers.
(For context, I received an EYP offer but declined for these reasons)
Thanks for this, considering I’m coming from a non-target I may be looking at MM PE anyways. I’ll just make judgment call based on what banking offers I get.
Coming from a non target doubles the reason why you should not take EYP if your goal is even MM PE. Even MM pe is incredibly competitive, extremely few people end up at MFs
In an absolute sense, EYP has traditionally (be aware that there was talk about the EY reorg that might change things but have not been tracking latest news) been a very good job out of college, and does have the occasional placement to a solid MM PE shop (though I think the directors and associates are exaggerating). However, if the goal is PE and you get any solid MM offer or BB offer, you should take it in a heart beat. The only other interesting thing is that interning at EYP would make you a shoe in for MBB full time interviews, but I think the marginal advantage over a banking summer is minute.
Agree with the other commenters. After just going through MF recruiting (for SA 2024), almost everyone I spoke to at the junior level in the MFs I interviewed with did either; MF Internship-> FT offer, or EB/Top group BB -> Associate. I saw one Mckinsey alum and two BCG alums. No one from EYP or any other non-MBB shops.
As others said, EYP is a great shop for consulting. See a lot of people go to MBB and as others mentioned, a lot make it to MM PE or VC. However, the top buy-side shops just don't seem to value consulting as much, and even MBB is a harder path to UMM/MF PE than the standard IB route.
Given my background (non target / diversity) I don’t think I’ll be recurring for MF anyway a MM PE shop would make more sense.
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