EY-Parthenon to Private Equity: Complete Exit Guide
EY-Parthenon to Private Equity: What to Expect
The EY-Parthenon to Private Equity pathway is strong. This is a very competitive exit path, so preparation and networking are essential. Typical salary range: $200K-$500K+ (including carry). Expect demanding hours, similar to or more intense than consulting.
Why EY-Parthenon Consultants Excel in Private Equity
EY-Parthenon consultants develop the analytical skills, strategic thinking, and business acumen that private equity firms value. The structured approach to problem-solving and exposure to diverse industries creates strong preparation for PE careers.
EY-Parthenon Alumni Network
Strong and growing. Transaction focus creates natural PE relationships.
Typical Roles in Private Equity
EY-Parthenon alumni typically enter Private Equity at these levels:
Skills That Transfer from EY-Parthenon
These skills developed at EY-Parthenon are particularly valuable in Private Equity:
- 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
- Due diligence methodology and rigor
- Operational improvement identification
- Financial analysis and business valuation
When to Make the Transition
Typical Timeline
2-4 years of consulting experience (post-MBA or equivalent tenure)
Early Exit
Top performers may receive PE recruiting interest after 2 years or even during MBA
Late Exit
Experienced hires at VP+ level with 5-7+ years of consulting often come with operating partner focus
Salary Expectations in Private Equity
Compensation in Private Equity varies by level, firm, and performance:
Note: Private Equity 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:
Seek out due diligence projects and transaction experience within your firm
Build financial modeling skills through courses or self-study (LBO models are essential)
Network actively with PE professionals - alumni reach-outs are welcomed
Develop a point of view on industries where you could add value as an investor
Practice technical interview questions (valuation, LBO mechanics, deal walk-throughs)
Understand the PE business model - fund economics, value creation levers
Challenges and Considerations
Be aware of these factors when considering the transition to Private Equity:
- !Highly competitive: only a small percentage of consultants successfully make this transition
- !Hours can be intense during deal periods, though more predictable than banking
- !Steep learning curve on financial modeling and deal mechanics
- !Less client variety than consulting - deeper focus on portfolio companies
- !Carry upside takes years to materialize and is not guaranteed
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