After serving in the United States Navy during World War II, Parseghian played halfback at Miami University. He was drafted in the 13th round of the 1947 NFL Draft by the Pittsburgh Steelers, but did not attempt to make the roster and later signed with the Cleveland Browns. He played running back and defensive back during 1948 and 1949 before an injury ended his playing career. With the Browns he had 44 carries for 166 yards, three receptions for 33 yards, scored two touchdowns, and intercepted one pass.