BCG vs. PWP for PE/HF exit opps?
Hi,
I have to decide between a full time offer at BCG or at Perella Weinberg by the end of the week.
I am interested in PE or HF exit opportuniities and having a strong brand on my CV.
What do you think?
Thanks in advance.
BCG does not rule you out for PE, but it's incredibly hard to move from consulting to HF. If you are seriously considering a push for HF down the road, you need finance experience to make your way in. BCG could help you get into a top MBA program, then you could go for a better bank, work for awhile, then pursue hedge, but BCG to HF is not likely at all.
Just open and run a fat camp...best exit opp out there
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Thank you, I was also under the impression BCG brand was stronger than Perella.
The only limit I see to BCG is for HF, this seems to be a minor drawback compared to what it offers
BCG does not place into PE/HF for the most part. McK and Bain have much better traction, overall BCG is purely for consulting and among the 3 is the worst for PE/HF exit.
interesting to see how the responses are almost opposites depending on the forum you posted this question in (Consulting Vs. Banking).
I'm curious to hear from folks why they think BCG would be superior given that Perella actually runs a hedge fund and the work of an IB analyst at PWP is highly relevant to other investing roles.
Sandford, - What would you prefer to do over the next 2 years. Consulting or Investment Banking? - Also, what are your goals if you don't get your dream PE/HF job by the time your 2 years are up?
Thanks Relinquis,
To answer your two questions: - Over the next two years I would prefer to do Consulting purely for lifestyle reasons (girlfriend, free weekends, less time spent at the office etc.) - I am pretty flexible about which HF/PE I would go to, and I would happily settle for a Tier 2 fund. i) If I don't get a job in a fund after 2 years at Perella I would probably stay in banking (given salary goes up and workload goes down) and ii) if I am in consulting I would probably try to get a good job in a blue-chip company
This is actually one of the drawbacks I see in Consulting. Sorry about how this sounds, but if I don’t get into a PE/HF I am bound to earn less in 5-10 years.
What do you think?
You'll make a good living no matter what option you choose... your hours will suck in all options, although banking/PE would be the worse in terms of long hours... do whatever one interests you more / work with people you like. Your social / business circle will be heavily influenced by your choice.
Don't let your income in 5-10 years determine what you want to do. So much can happen to you / change in the interim that it doesn't make sense to base your decision on your year 10 "potential" income... you haven't mentioned anything that would indicate you have a passion for finance / investing / doing deals, so I wonder why you are so set on the PE / Hedge Fund goal.
I know this all sounds very vague... but only you can make the decision that's right for you... there is no "correct" decision.
I agree with above I think the BCG name is a better brand name. It depends the PE first and really the economic condition. Right now, some firms are looking for more of a consulting background rather than a deal generating background because of the economic environment. Depends the firm, so while IB background is usually great for PE, some firms look for consultants as well.
Ok thanks for your great answers guys - I think I'll go for BCG.
bcg is the worst in terms of recruiting to PE out of the mbb umbrella. dont even think abuot HF's - thats very unlikely. PWP, while not a household brand name to the average person, is a big name in the finance world. you should be able to land solid PE/HF opportunityies post-banking there.
TAKE NOMURA
Perella Weinberg vs. BCG for PE exit ops (Originally Posted: 02/20/2012)
Hi,
I have to decide between a full time offer at BCG or at Perella Weinberg by the end of the week.
I am interested in PE or HF exit opportuniities and having a strong brand on my CV.
What do you think?
Thanks in advance.
Definitely PWP for the PE/HF exit ops-- the latter groups want deal/modeling/quantitative experience, not consulting.
Definitely sounds like you're a versatile guy if you can land two offers from great and different places, so I don't see a big problem. Good luck, and let us know what you choose!
I'd pretty much take any investment bank over MBB in terms of PE/HF exit opps. This is a fairly easy decision, especially with it being Perella.
Lol having been through MBB, I can say that at least 95% of the exits are to internal consulting/strategy/studies jobs in industry. Not a lot of people going into anything finance related.
I would take BCG. Stronger brand name..
Brand- BCG is better known, but PWP is well-respected in the finance industry. PE- PWP/HF for sure; strong boutique. Among M/B/B, BCG is recognized to have the fewest PE exit options, don't even know if HF is on the map
I am sure you also recognize there are lifestyle and workflow tradeoffs, also the possibility you change your career goals, in which case BCG has broader options (e.g. F500 corp strategy, marketing, startups...)
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