EY-Parthenon Transaction Strategy & Execution, Technology Summer Internship

At EY-Parthenon, you’ll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture, and technology to become the best version of you. And we’re counting on your unique voice and perspective to help us become even better. Join us and build an exceptional experience for yourself, and a better working world for all.

About EY-Parthenon

EY-Parthenon is a global strategy consultancy. We challenge assumptions to design and deliver strategies that help improve profitability and long-term value. We have more than 9,000 professionals around the globe, working across three areas of focus:

1. Corporate & Growth Strategy: Developing growth strategies by providing in-depth market, competitor and customer insights.
2. Transaction Strategy & Execution (TSE): Developing, evaluating and executing transaction strategies across the whole M&A and investment lifecycle.
3. Turnaround & Restructuring Strategy : Rapidly creating, preserving and recovering value in urgent and complex situations.

This job opportunity relates to the TSE Technology Summer Internship Programme. In the UK, we are also recruiting for roles in other TSE teams and our Corporate and Growth Strategy team, please refer to separate opportunities listed for details of other roles available. Please note you will only be able to apply to one role at EY-Parthenon, so please ensure you are clear on where you want to apply before submitting your application.

About EY-Parthenon Transaction Strategy & Execution, Technology

TSE’s Private Equity Technology practice (PE Technology) comprises of three sub-competencies: Deal Tech, Cyber and Software Strategy Group (SSG). While each sub-competency works with a slightly different focus (see below), we work together to help private equity (PE) clients and / or PE backed businesses to evaluate key technology risk areas and identify value creation opportunities. We typically work during the pre-deal phase of M&A transactions or on rapid transformations between transactions.

• Deal Tech: The Deal Tech sub-competency’s focus is broad and encompasses the whole technology landscape of a business. Key pillars include: tech strategy, projects and roadmap; product platforms (if any); business applications; IT infrastructure (including hosting and networks); IT organisation and processes; technology costs. Target companies can be from any sector.
• Cyber: The Cyber sub-competency focuses on assessing the resiliency of a business to cyber and information security incidents. Key pillars include: governance and policy for security risk management; risk management frameworks; cyber defence and vulnerability management; response and recovery; data protection and privacy. Target companies can be from any sector.
• SSG: The SSG sub-competency focuses mainly on product technology in software-enabled businesses. Key pillars include: product/platform and roadmap; core technology and architecture; R&D organisation and processes; hosting infrastructure and practices. Target companies are in the Software Economy, providing software as a core product.

What will you be doing?

• You will rotate between all PE Technology sub-competencies for 8 weeks of internship period.
• You will assess the target business’ technology landscape including technology strategy, software products and platforms, IT applications and infrastructure, technology costs and conduct cybersecurity risk assessments.
• The focus of the assessment will vary depending on sub-competency, and will include identifying high risk areas/issues, unaddressed gaps, and areas for overall improvement.
• You will gain exposure to the deal/investment "engine” including the diligence process, valuation process, stakeholders involved (e.g., PEs, M&A teams, investment banks, legal team), bidder meetings and the deal negotiation process.
• You will assist with wider practice development tasks from recruitment through to learning and development as well as business development activities such as preparing pitches and presentations.
• You will have the opportunity to join regular socials and events as part of PE Technology team as well as TSE and the wider firm.
• You will work on a wide range of pre-deal service offerings, including:
  • Technology diligence – assessing a target (buy-side) or a client company’s (sell-side) technology landscape,
  • Carve-out/separation diligence – identifying technology entanglements and estimating technology separation costs in a divestment,
  • Value creation – identify and cost technology initiatives that will add value to a target business,
  • Synergy analysis – identify and cost technology-related synergies (benefits) between two target businesses.

How will it be structured?

This summer internship programme is aimed at penultimate-year university students interested in complete immersion in the world of EY-Parthenon over eight weeks of hands-on work experience. Interns will be exposed to real-life transactions, technology strategy discussions and take part in shaping the future of companies.

Below are some key details you can expect as a TSE Technology summer intern:

• You will rotate between all PE Technology sub-competencies: Deal Tech, Cyber and the Software Strategy Group (SSG);
• You will join one of our client-centric high-performing project teams and learn how they perform technology / product / cyber due diligence and identify technology-related value-creation opportunities to benefit clients;
• Over the course of your internship, you will be exposed to a diverse range of situations within the transaction lifecycle in varying sectors and technology-related service offerings;
• You will learn from the best. Our UK&I TSE team is composed of over 250 exceptional and diverse people, including leaders across all sectors and service offerings;
• You will receive on-the-job training and develop analytical and problem-solving skills; You will gain first-hand experience with our partners and the work they do – all summer interns will shadow a partner for a day;
• You will be connected with the global EY-Parthenon professional network for exposure with international teams and clients.

At the end of the eight-week programme, top-performing interns will be considered for graduate opportunities following the completion of their degrees.

What we offer

We offer an attractive remuneration package where you’ll be rewarded for your performance. Our comprehensive Total Rewards package includes support for adaptable working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions.

Plus, we offer:

• Continuous learning: Through continuous training, coaching and mentorship, you’ll develop the mindset and skills needed to accelerate your career and become a transformational leader;
• Real exposure: Opportunities to work on a wide range of projects and be exposed to a number of different business models, industries and companies;
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs;
• Success as defined by you: We’ll provide the tools and adaptability, so you can make a meaningful impact, your way.

Apply now

First of all, you need to be sure about which programme you want to apply to. Then click the ‘Apply now’ button of this page. You’ll then be taken to our job portal where you can start your application by creating an account. Once you have registered, you will need to find the correct role within EY-Parthenon Strategy, to do this please enter the following drop downs.