EY-Parthenon to Investment Banking: Complete Exit Guide
EY-Parthenon to Investment Banking: What to Expect
The EY-Parthenon to Investment Banking pathway is moderate. This is a competitive exit path, so preparation and networking are essential. Typical salary range: $175K-$400K (with bonus). Expect demanding hours, similar to or more intense than consulting.
Why EY-Parthenon Consultants Excel in Investment Banking
EY-Parthenon consultants can transition to investment banking, typically at the Associate or VP level. M&A advisory work benefits from the strategic thinking and analytical skills developed in consulting.
EY-Parthenon Alumni Network
Moderate through EY relationships.
Typical Roles in Investment Banking
EY-Parthenon alumni typically enter Investment Banking at these levels:
Skills That Transfer from EY-Parthenon
These skills developed at EY-Parthenon are particularly valuable in Investment Banking:
- Structured problem-solving and analytical frameworks
- Executive presence and client/stakeholder management
- Data analysis and synthesis
- Project management and team leadership
- Clear communication and presentation skills
- Deal structuring and negotiation awareness
- Financial modeling foundations
- Client relationship management
When to Make the Transition
Typical Timeline
2-3 years post-MBA or equivalent (Associate entry)
Early Exit
Less common before MBA or 2 years of experience
Late Exit
VP entry typically requires 4-5+ years of consulting
Salary Expectations in Investment Banking
Compensation in Investment Banking varies by level, firm, and performance:
Note: Investment Banking compensation structures may differ significantly from consulting (e.g., equity, carry, bonus structure).
How to Prepare for the Transition
Start preparing 12-18 months before your target transition date:
Build financial modeling skills - DCF, merger models, LBO basics
Develop industry expertise that banks would value in coverage roles
Understand the banking business model and deal process
Network with bankers to understand the lifestyle trade-offs
Practice technical questions and deal walk-throughs
Be prepared to discuss why banking after consulting
Challenges and Considerations
Be aware of these factors when considering the transition to Investment Banking:
- !Hours are typically worse than consulting, especially in junior years
- !Less strategic and more execution-focused work
- !Culture can be more hierarchical and transaction-focused
- !Deal flow depends on market conditions
- !Less variety than consulting - industry/product focus
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