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.
LBS Adds New Video Submission Element to MBA Application
London Business School (LBS) this fall has introduced a new video submission element to its MBA application. In a blog post last week David Simpson, admissions director for the MBA and masters in finance programs, shared his team’s thinking behind this newest addition to the LBS application process.
“This was not a decision we took lightly,” Simpson writes, adding that they’ve been giving it some thought for a couple of years. In fact, the team piloted the process last year with a handful of candidates, primarily those whose English-language skills warranted assessment. “But this year we are going all-out and using the videos to help us learn a lot more about you,” Simpson says.
Earlier in his post and in past interviews with Clear Admit, Simpson has stressed the importance of the LBS alumni interview. “We gain a HUGE amount from the interview process and love having our alumni conduct them, so that you can learn a huge amount about life at LBS, too!” he writes.
Like many other top business schools, LBS recently reduced the number of written essays it requires of its applicants, keeping just one, about candidate’s aspirations. “A top MBA is a career and indeed life-changing experience,” he writes. LBS’s remaining question on future goals is key, he continues, even though, given the transformative nature of an MBA, those aspirations will change during your studies.
LBS Adds New Video Element for All Invited to Interview
But as it drops a written essay, the London school has decided to add a video submission for all applicants who are invited to advance to the alumni interview portion of the application process. Round 1 LBS applicants who made it to the interview stage all received an invitation to participate in the new video element.
But have no fear, reassures Simpson. “We are being very thoughtful about how we use this exciting new addition to our process,” he says. A video component has its limitations, and he and his team have set their expectations accordingly.
LBS recognizes that factors ranging from cultural differences, diverse professional backgrounds and differing personal comfort levels with being in front of the camera mean that not all applicants will approach the video submission feeling on equal ground. “Some people will feel a lot more comfortable than others filming themselves answering questions,” Simpson recognizes. But even those who are apprehensive should rest assured, he says. “We are NOT looking to use this as a tool to disqualify candidates or ‘catch you out’.” (For those unfamiliar with the term “catch you out,” is just means to expose error or shortcoming in someone.)
In fact, you don’t even need to worry too much about timing your answers just right, Simpson says, adding that they won’t deduct points. “We just want to see how you perform on both the prepared question and the unprepared section,” he says. “We love meeting candidates at events, but it’s not possible to meet you all, so this helps us see you in action.”
LBS partnered with Kira Talent, an online platform that allows higher education institutions to interactive video and written components into their application processes. Kira Talent’s other customers include Northwestern’s Kellogg School of Management, INSEAD and the Foster School of Business, among others.
“First round applicants have all now submitted, and we can’t wait to watch all the videos!” says Simpson.
Round 1 LBS applicants who have taken part in the new video component, don’t forget to share your experience with others in the Clear Admit Interview Archive!
This post was originally published by clearadmit.com
How to Ace Your MBA Application Video Essay at Kellogg
The top MBA programs adapt. They modify their programs to better fit the changing needs of the business world, the shifting desires of their candidates, and the expectations of the education community. These adaptations can be reflected within the coursework, the depth and breadth of the program, as well as the application process. One of the most recent changes to the MBA application is the introduction of the video essay. Northwestern University’s Kellogg School of Management was one of the first programs to implement the new essay format, although Yale University’s School of Management and the University of Toronto’s Rotman School have also implemented similar requirements. Continue reading…
