exit opps : IBD vs consulting
(Monkey, 34
Points)
on 10/26/11 at 5:49pm
Hi mates !
How do they compare in terms of exit opps ? I've been told that breaking into finance (PE , HF) is more difficult with a consulting background ...
So basically , after IBD you could switch to a private equity fund or a hedge fund (think buy side) what about consulting ?
Thanks !






www.managementconsulted.com
www.managementconsulted.com
Many, many positions ask for
Many, many positions ask for banking only, or heavy modeling.
In this market it seems MBA
In this market it seems MBA is the answer after any analyst stint.
Bain is essentially the only
Bain is essentially the only consulting firm that can claim decent placement in to PE directly.
timatom90 wrote: Bain is
Bain is essentially the only consulting firm that can claim decent placement in to PE directly.
On an absolute numbers basis, sure. But that doesn't take into account that the percentage of MBB analysts that want PE is significantly lower than the number of IBD analysts. To do a fair comparison we'd need to also look at how many want PE, then I bet the numbers would be about even for Bain and McKinsey, maybe not for BCG.
Relatively noob
Relatively noob question....why is PE the premier end game for all I-Bankers?
^^ $...
^^ $...
I'm actually curious to learn
I'm actually curious to learn about these two. Im currently deliberating between Big 4 consulting or IB at a Regional MM bank. Not sure what will open more doors, im not sure if I want to do PE. As of right now, I just want something that will help me get into a top MBA so that I have options. Any thoughts as to what path would be best?
Okay , so what does a
Okay , so what does a consultant do when he moves into PE or HF ? I mean in which case his/her skills can be useful for the industry ?
And how would you rank M&A , Leveraged Finance and consulting in terms of exit opps (in PE for instance) ?
Out of subject but about consulting , according to a famous website about consulting , I noticed that lifestyle isn't so bad in consulting , you work on average 12hr/day , we're far from the 100hr/week you usually do in banking. Am I wrong ?
Takanome wrote: Okay , so
Okay , so what does a consultant do when he moves into PE or HF ? I mean in which case his/her skills can be useful for the industry ?
And how would you rank M&A , Leveraged Finance and consulting in terms of exit opps (in PE for instance) ?
Out of subject but about consulting , according to a famous website about consulting , I noticed that lifestyle isn't so bad in consulting , you work on average 12hr/day , we're far from the 100hr/week you usually do in banking. Am I wrong ?
A ex-consultant in PE/HF does the exact same work that an ex-banker would do (assuming at the same firm). Maybe a little more consulting type work with the PE shops that are hands on with managing the operations of their portfolio companies.
M&A and LevFin > Consulting for PE exit opps. The skillset you gain is just more applicable, and it has nothing to do with who's "smarter".
If you're looking into consulting and banking, then the last thing you should be worried about is who works less.
Okay thanks. Do you work week
Okay thanks.
Do you work week ends too , like in IB ?