Last week, Women in Business hosted three representatives from EY Parthenon, Maxine Winston, Celine Hu, and Hayley Kirman. EY Parthenon is a strategy consultancy group employing 600 people across the United States and operating 22 offices around the world. The firm assists different companies by performing analysis on business questions that involve revenue growth, investment in other companies, and efficient usage of resources. Daily life at EY Parthenon involves a lot of research. Associates and consultants may work on anything from compiling market research reports, to actually conducting primary research, to talking to experts about case material, to writing and distributing surveys. Overall, EY Parthenon does 50% less travel per week, 150% more project exposure per consultant, and does about three to five times more strategy work than other management consulting firms.
During the presentation, EY Parthenon’s representatives described their experiences as associates. One associate, who was involved in a private equity case, was given the opportunity to model directions of international growth and the case’s probability of success. In an education strategy case, another associate forecasted risk and returns for a liberal arts college’s revenue opportunity assessment. She identified successful programs at peer institutions, reached out to program directors, and coded alumni surveys. To this day, it’s one of her favorite cases at EY Parthenon. Finally, the last associate related her experience in assessing the scientific validity, clinical utility, and reimbursement environment of molecular diagnostic tests. For this case, the associate conducted interviews with experts and performed secondary research on the company’s tests. EY Parthenon does work in healthcare, retail, life sciences, and many other industries, so there’s always something new and exciting to glean from a case, and a wide variety of skills that can be put to use.