Quote:
Originally Posted by Unregistered
Interesting. I thought Parthenon and Strategy& are more or less "peer" firms? At the same level of prestige?
Don;t tell me Parthenon is severely underpaying their consultants compared to fellow tier 2 firms?
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Few possible reasons:
1) Parthenon partners may have traditionally come from EY. Have been hearing on Parthenon's greater integration into EY, causing many to leave. This means partners will be more inclined to pay similar (a lil higher) to EY salary levels.
2) Even if Parthenon partners do not "side" with EY, they do not and should not have the final say. If they suggest to pay their consultants at high rates, they must obtain the approval of their senior partners, which most likely come from EY (think SEA / APAC head of consulting, or even EY Singapore CEO). This may be a challenge to them - they may have to prove themselves and justify a business case, but nevertheless optics won't be good.
3) They just want to rip off aspiring consultants because why not, supply always > demand in this industry especially with "Parthenon" name.