The Not-So-Secret Way To Land a Job at EY-Parthenon
After the hard work and sweat of earning an MBA degree, you’ve probably thrown yourself into searching for the perfect job to match your new found expertise. Luckily, some of the world’s top companies are also looking for you.
Companies like EY-Parthenon are always looking to recruit top MBA talent seeking careers in strategy consulting. A division of Boston-based EY (formerly Ernst & Young), one of the world’s top professional services firms, EY-Parthenon is a strategy consultancy which aims to combine innovative thinking with clients’ smarts to create actionable strategies that can cause a real impact in today’s business world.
MBAs Love EY-Parthenon
For MBA graduates looking for a career in strategy consulting, there are few places that can provide the unique combination of diverse clients and rewarding entrepreneurial work that EY-Parthenon offers. Comments from Parthenon’s MBA-holding consultants on why they love their job range from the incredible relationships they get to build with clients to the competitive benefits package they receive (including a night at the EY suite at Yankee Stadium).
“There is certainly an attitude in the New York office that we work hard but ensure that we find that balance necessary to enjoy the great benefits of working with wonderful colleagues in the best city in the world,” commented a graduate of NYU’s Stern School of Business and current Senior Consultant at EY-Parthenon.
For Adam, a graduate of the University of Chicago Booth School of Business and current Vice President at the Shanghai office of EY-Parthenon, working at the company has given him the opportunity to use his industry specific expertise to benefit a diverse set of clients.
“[A]t any given time, I may be leading a two-week diligence for a private equity client while also working on an eight-week corporate strategy engagement,” he says. “Having such a variety of engagements while still being able to be focused on very strategic work within a single sector practice is what I think sets EY-Parthenon apart.”
Life at EY Parthenon
As a consultant at EY-Parthenon, MBAs will play a critical leadership role in the company. Serving as the primary contact for clients, MBA graduates will have the chance to get their hands dirty right away, developing and executing work plans for a diverse client set. Consultants will use their knowledge of teamwork, leadership, analytics and communications to excel in the role.
The consultant career track at EY-Parthenon consists of various phases, beginning with work stream leadership—a focus on gaining the crucial analytical skills needed to best help clients—and ending with client management, the final stage before moving into a role as a partner or managing director. EY-Parthenon accelerates individuals through their careers and have no official timetable for new consultants outside of their own ambition and ability to take on responsibilities.
According to anonymous profiles on Glassdoor, consultants at EY-Parthenon make an average of $173,814 annually.
Landing The Job
Anyone can apply for a consultant role at EY-Parthenon, but the company also actively recruits at a number of undergraduate and graduate business schools. The MBA programs the company recruits from are spread throughout the world, and include some of the United States’ top programs, such as Harvard Business School, Kellogg School of Management, and the Stanford Graduate School of Business. The company also heavily recruits at international schools like INSEAD and the London Business School.
MBA students in their second year may apply directly for a full-time consultant role with the company, and first year students are eligible to apply for the summer consultant position. Any student attending a school that EY-Parthenon directly recruits from should check for the specific instructions on how to apply to these roles, typically through their university’s career services. The interview process for these schools typically takes place over two rounds, with the first round taking place on campus and second round interviews at the one of the various global Parthenon offices.
For more information on the company and job opportunities for current MBA students and graduates, check out the official EY-Parthenon MBA job page.
How Boston Business Schools Help Low-Income MBA Applicants
Anyone planning on earning a postgraduate business degree knows that MBA programs cost a lot of money. In the Boston metro, where the cost of living is already high, the annual cost of an MBA program can reach upward of $100,000 … Ouch! Continue reading…
Philadelphia or Boston? Where’s the Best Place to Earn a Part-Time MBA
If you are interested in pursuing a degree in a diverse East Coast city, want to be surrounded by history and culture, and still immerse yourself in growing business community, two main cities come to mind: Philadelphia and Boston.
Both cities are at the center of U.S. history, and continue to be some of its largest centers of commerce and academia, with numerous opportunities to put its stellar education to work.
Surrounded by so many possibilities for professional development, an MBA student in a city like Philadelphia or Boston may not want to put their career and income on hold to pursue a full-time degree.
Thankfully, many of the business schools in Philadelphia and Boston offer part-time MBA programs, allowing students more flexibility as they kick off their careers in these exciting cities. But how to decide which one? We’ll take a look at some of the top part-time MBA programs in each metro to help you choose the right city for you.
Location
Once the capital of the United States, Philadelphia has never stopped being a center of both business and history since the time it played host to the country’s founding fathers. Home to some of the oldest and best universities in the country, Philadelphia has experienced a renaissance in recent years as young talent has become priced out of more expensive metros like New York City and Washington DC. The cost of living in Philadelphia remains fairly low, while the ever-growing business scene in the city offers the opportunity for high earning potential. This year, 14 Philadelphia-area companies made the Fortune 500 list.
Like Philadelphia, Boston has been a center of commerce and trade since the days of the Boston Tea Party. Today, the city is home to nine Fortune 500 companies, including major established firms like GE (13th on the Fortune 500 list) and newer but thriving businesses like Wayfair. However, Boston has a much higher cost of living than Philadelphia. The city currently ranks as the third most expensive city in the country.
Programs
Between the Wharton School of Business and the Harvard Business School, Philadelphia and Boston offer two of the most highly regarded MBA programs in the country. However, both of these schools only offer full-time MBA programs. Students looking for more flexibility in their schedules still have a number of stellar programs to choose from.
Most of the part-time MBA programs in the Philadelphia metro work on a hybrid structure, allowing students to take a combination of classes both online and in person. Many programs also offer students the chance to select majors or concentrations in which to specialize their business education. With a variety of possible concentrations at some of the most highly-ranked part-time programs in the country, students from these programs have gone on to find employment at major firms like DuPont, KPMG, and JPMorgan Chase.
Part-Time MBA Programs in Philadelphia Include
- Lehigh University College of Business and Economics
- Fox School of Business – Temple University
- La Salle University
- LeBow College of Business – Drexel University
- Lerner College – University of Delaware
- Rohrer College of Business – Rowan University
- Rutgers School of Business, Camden
- Villanova School of Business
- West Chester University
Like Philadelphia, Boston’s part-time MBA programs offer more flexibility for students to complete their degree on their own time. Most courses are offered in the evening or on weekends, and can be taken over the course of just two years or up to seven. Programs like the MBA at D’Amore-McKim also give students the opportunity to concentrate in fields such as Corporate Finance, Corporate Renewal, Entrepreneurship, and more.
Part-Time MBA Programs in Boston Include
- Carroll School of Management – Boston College
- D’Amore-McKim School of Business – Northeastern University
- F.W. Olin Graduate School of Business – Babson College
- Questrom School of Business – Boston University
- Sawyer Business School – Suffolk University
- Simmons School of Management
Cost
The tuition costs can vary from program to program, and can also be cheaper if the part-time program is competed online. On average, programs in the Philadelphia metro area can range from $45,000-$65,000 for the degree. The range of costs in Boston can be slightly higher, with some students spending up to $95,000 over the course of their degree.
Jobs
Although the cost of an MBA in Boston may be slightly higher than Philadelphia, the difference in average salary between the two cities may even out concerns of cost. In Boston, the average salary for someone with an MBA degree in a field like finance is $112,000, whereas in Philadelphia it is only around $90,000 per year.
This Year’s Reaching Out MBA LGBTQ Conference Arrives in Boston
The ROMBA LGBTQ MBA and Graduate Student Conference, the largest annual gathering of LGBTQ graduate school students in the world, takes place Boston this week, running from October 12-14. It is presented by Reaching Out MBA (ROMBA), a nonprofit organization dedicated to helping create the next generation of out business leaders by educating, inspiring, and connecting the student and alumni LGBTQ MBA and graduate studies communities.
The 20th annual three-day conference offers thousands of attendees an incredibly unique opportunity to connect and expand their careers with a close-knit and inclusive community. Included in the ever-expanding event are multiple case competitions, high-profile keynote speakers, information chats with MBA programs, the first inaugural “Professional Day” session and much, much more.
Day One
Those in attendance on Thursday, Oct. 12, will have the chance to join the first of two Boston LGBTQ MBA Treks. Through a competitive application process, 20 students are selected to join each of the treks. One trek will make stops at two of the city’s more prominent biotech companies and the other will visit two leading management consulting firms.
Throughout the first day, which runs from 2 to 11 p.m. at the Boston Seaport World Trade Center, corporate partners are invited to meet with Reaching Out’s staff and Board on future ROMBA events, both in the United States and in international locations like Brazil and China. An Out Women in Business event will run from 3 to 7 p.m., featuring “short-form talks, a panel discussion, and structured workshop, designed to bring together our LGBTQ attendees and to focus on issues that specifically apply to and interest them.” It will be followed by a formal reception.
As well, the first day will feature multiple panel events designed to help attendees navigate the recruiting process. These panels will address potential first-year grad school anxiety, how companies can appropriately measure and expand inclusive practices, interview assistance, and more. The first night concludes with the aforementioned Out Women In Business ceremony, a ceremony for active and previously enrolled military veterans, and the invitation-only ROMBA Fellowship Recipient Reception.
Day Two
Day Two, Oct. 13, begins with a breakfast and opening keynote panel, featuring three of the business world’s most prominent LGBTQ C-suite members: Jim Fitterling, president & chief operating officer of Dow Chemical; Beth Ford, executive vice president and chief operating officer of Land O’ Lakes; and Jan Siegmund, ADP chief financial officer.
Several informative industry panels will take place throughout Day Two, covering topics such as coming out and thriving in the workplace, handling big data, inclusive networking, diversity in the tech industry, and much more. Later that afternoon, McKinsey Global Management Partner Dominic Barton and United Therapeutics’ CEO Martine Rothblatt will speak at the Leadership Lunch, sponsored by McKinsey and Co.
The 2015 ROMBA Conference
The centerpiece of Day Two is the three-hour Career Expo, which will feature nearly 100 of the world’s largest companies looking to recruit the best and brightest of LGBTQ graduate talent. At the same time, ROMBA will host an Entrepreneurship Expert Zone, which allows entrepreneurs to present their startup ideas to potential venture capitalist partners.
The night will conclude with the LGBTQ MBAs of Color Reception, taking place at from 6 to 7 p.m., followed by a pre-entertainment networking reception, and an “Evening With” popular LGBTQ comedian Margaret Cho at 9 p.m.
Day Three
Day Three will perhaps mark the most important of the conference as it relates to earning admission into the country’s best MBA programs. At 10 a.m., more than 40 business schools will join the Pre-MBA Admission Expo. The event “will have a mix of admissions officers, LGBTQ MBA alumni, and current LGBTQ MBA students on-site to share information about their programs & experiences on campus with our pre-MBA attendees.”
The afternoon will be filled with pre-MBA sessions on why some students may want to consider dual-degree programs, regional networking, alumni discussions, and more. At 5 p.m., many schools will host their own private sessions with current students, alumni, and administrative officials..
The final night culminates with the 7 p.m. ROMBA Gala Reception and the sold out GALA Dinner, featuring CNN journalist Anderson Cooper, the conference’s keynote speaker.
To find out how to register for this weekend’s event, along with a more in depth look at the three-day schedule, head over to the ROMBA official website.
Boston’s Essential Nonprofit MBA Programs
Business doesn’t only have to be about flipping a dollar. Some work isn’t about how much money a business makes but, rather, how much change it makes. This is part of the drive behind nonprofits and why some people dream about leading one.
Nonprofits provide rewarding work, and they’re right down the alley for those who believe in social change and people who don’t want the influence of corporate money. The nonprofit sector is a surprisingly huge as well, employing more than 10.7 million employees in the U.S. alone. Luckily, many schools have recognized the need for a proper education in this field. After all, nonprofit business is a particular kind of model, and it requires a particular kind of knowledge.
So why not learn the ropes in Boston? It’s not far from Washington DC, either, for those interested in policy work. It’s also a short ride to New York City, where there are more than 35,000 nonprofits. The state of Massachusetts offers roughly the same number, to put it into perspective, but the Massachusetts Nonprofit Network offers the state a unique resource to help connect nonprofits with funders and elected officials.
If Boston is the right city for you, here are three schools that offer competitive nonprofit MBA programs.
Questrom School of Business – Boston University
This MBA goes by another name: Social Impact MBA. Boston University’s Questrom School of Business program is one of a kind. It’s formerly known as the Public & Nonprofit MBA, but this name suits it better. The program’s key skills are marketing, public policy, and financial management—the ingredients to a boss nonprofit.
The program shares the same curriculum as the school’s full-time MBA and then some. The required social impact course is titled Fundamentals of Nonprofit Management. Electives will help students better concentrate their skills on areas they want. If you want to work in Latin America, Questrom’s got a class for that. Sustainability strategy? Yup. And even a course that teaches the importance of a mission.
D’Amore-McKim School of Business – Northeastern University
Northeastern University‘s College of Professional Studies offers a Masters of Science in Nonprofit Management on the Boston campus. While separate from the D’Amore-McKim School of Business, this program certainly gives the same business appeal from the business school.
The program comes in two sizes: full-time and part-time. Most students complete it between one and a half to two years. The school states, “Integrating theoretical approaches with practical applications, the Master of Science in Nonprofit Management prepares you for a leadership position in a not-for-profit university, hospital, charity, foundation, or religious organization.”
READ MORE: Which Boston MBA Programs Offer the Best Return on Investment?
Northeastern students can walk away with skills like fundraising, legal literacy, grant writing, and more. There are seven concentrations to choose from: global studies, human services, leadership, organizational communication, project management, social media and online communication, and sport and social change.The program costs roughly $30,000, and 11 percent of students receive financial aid.
Sawyer Business School – Suffolk University
Suffolk University has many different MBA program offerings, including a healthcare MBA, an executive MBA, and, of course, a nonprofit MBA. This specialty degree will teach students how to successfully lead a nonprofit. Seated within the Sawyer Business School, which has been around since 1937, the program includes a number of interesting courses.
One featured course is on law and ethics, with another on public service communication, as well as a vital grant writing course. The program costs $1,424 per credit and can require anywhere from 45 to 58 credits. Students will be working out of downtown Boston with easy access to businesses conducting nonprofit work daily.
Which Boston MBA Programs Offer the Best Return on Investment?
A stellar résumé, well-targeted recommendation letters, and a strong GMAT score may be vital in earning a spot in your dream business school, but one factor that may weight heavier than everything else is the return on investment. Will the school be worth it? How successful are its alumni? How do employers feel about the school name on a diploma?
A person needs to know that their time—and money—will amount to success and a well-paying job. If Boston‘s the city for you, here are the top four business schools if return on investment, or ROI for short, is on your mind.
#1) Harvard Business School
This prestigious university might come as no surprise as first on our list. But it’s not at the top for nothing. Home of one of the world’s first MBA programs, Harvard Business School is a bit separate from the main campus itself in Cambridge, sitting in Boston’s Allston neighborhood.
Unsurprisingly, the program’s ROI is highly-competitive. Tuition at HBS currently costs around $72,000. That’s a lot more than how much a student might pay per year elsewhere, even without considering the usually stellar track record of HBS grads. Graduates in 2016 had median base salaries of $135,000 with a median signing bonus of $25,000. Sixty-eight percent received a signing bonus. That’s a lot of people. And it’s a pretty sure thing. Work hard at Harvard, and it appears you’re sure to reap the benefits.
READ MORE: HBS Announces Largest-Ever Scholarship Donation
#2) Sloan School of Management – MIT
At MIT’s Sloan School of Management, students can feel certain they’ll succeed after graduation. Individuals, of course, may determine their own success, but Sloan knows how to get its students there. The school is known for its business offerings, particularly its global Sloan Fellows program. There, students can walk away with an executive MBA in just one year. Sloan has been growing its educational base since 1914 when its “Engineering Administration” course set a business tone in the technical school.
Currently, tuition at MIT Sloan sits at $71,000, which isn’t much less than Harvard’s. The median base salary for 2016 graduates was $125,000, with salary ranging anywhere from $40,000 to $200,000.
The business school can provide a myriad of opportunities, especially through its various centers and initiatives, which focus on, science, innovation, medical research, and more.
#3) D’Amore-McKim School of Business – Northeastern University
This business school is tucked in Boston’s arts neighborhood, the Fenway Cultural District. Northeastern University offers multiple campuses, but the MBA programs take place at the D’Amore-McKim School of Business.
MBA students pay the same tuition for classes online or in person: $1,560 per credit hour. For a year, that’s roughly $28,080—significantly less than the aforementioned Harvard and MIT. So if you’re not ready or can’t afford to drop a bunch of money on costs, D’Amore-McKim might be the program for you. Its graduates go on to make $81,000 a year, which is nearly 66 percent more than yearly tuition. The top base salary for recent alumni is $115,000.
These employment opportunities come quickly: 96 percent of D’Amore-McKim alumni accept a job offer within three months of graduation.Companies like Zipcar and Hasbro, Inc., hired graduates last year. Resources like the Graduate Career Center and the school’s clubs can help students make it. Clubs like the Emerging Markets Club gives students the hands-on experience they need to succeed.
#4) Questrom School of Business – Boston University
The Questrom School of Business at Boston University offers a variety of MBA programs. The first was launched in 1925, but the school went on to add an executive MBA, public and nonprofit MBAs, evening MBAs, and health sector MBAs.
A full-time MBA tuition costs $51,916 at Boston University. The prices vary depending on which program a student decides is right for them, which contributes to the school’s placement on the list. For example, the executive MBA costs nearly double the traditional MBA rate. However, alumni do go on to make that money back. In 2016, graduates’ mean base salary was $100,820. About 92 percent of graduates accepted a job offer just three months after earning a degree, with nearly all taking an internship. Places like General Motors and IBM hired recently hired Questrom grads.
You could be next. But it’s up to you to decide what school makes the most sense for you. You’re onto something with Boston though. The seafood will never end, and the accents will always entertain. Find the city’s best executive MBA program or explore its one-year MBAs if you need just a little bit more info.
