Hi guys,
Long time lurker, first post. This is an awesome site.
I'm a Junior at a top target weighing two internship opportunities.
My end goal is MBB consulting.
OC&C and JPM one equity partners.
I got OC&C via recruiting and I could get a return after the summer.
JPM was through a connection and will NOT result in a return.
My question is which would MBB prefer: a solid consulting internship or a BB private equity internship?
I ask because I have heard consulting firms may weight brand names more than experience (the JP argument), and I've heard that getting a consulting internship at a strategy firm is a ticket to MBB and other top firms (the OC&C argument).
For what its worth, I loved OC&C and would be perfectly comfortable working there Full-time.
Go with One Equity -> true they value brand name internship. met a guy that did MS IBD NYC to Bain
No. Go with OC&C. JPM on your resume will get you MBB interviews... sure. What if you get dinged while interviewing? Plenty of well-prepared people mess up their cases. Go with OC&C.
Thanks for the responses guys. F. Ro Jo - are you implying that OC&C is less likely to get me the MBB internship than JP?
no i am not. they will both get you mbb interviews (assuming your other stats are up to par).
If you're dead set on MBB, then I would say go with the OC&C position for the following reasons:
1) You'll have a leg up in case interviews - after an entire summer on a consulting project you'll be more familar with strategy and analysis. While you certainly won't be an expert, you'll likely have a much strong analytical skill-set than your average interviewee who's knowledge on consulting stems just from case interview prep. You'll also probably get some leeway in interviewing as the interviewer may not scrutinize you as much given you're already "validated."
2) Strong signal - assuming you get an offer from OC&C, it'll be a pretty good indication you've got strong potential as a consultant which will play well in MBB recruiting
3) Fall back - Even if you don't get MBB, OC&C isn't exactly a bad alternative. You'll still get a lot of the same benefits and future career opportunities as MBB individuals.
The one area of caution I would bring up would be how you explain your reasoning for jumping from OC&C to MBB during full-time recruiting. From a candidate perspective it's obvious that you want something more prestigious that puts you in a better postion as regards to future potential (e.g. stronger exit ops), but you don't want to come off as a status climbing type-A individual to the interviewers.....the kind of person who "splits hairs" in the pursuit of ultimate career self-interest.
I'd go with PE. You're still a junior, and I'd say go for what opens more doors.
its tought but I'd go with OC&C because people will obviously know you had serious connections to work at a PE fund of that caliber. With OC&C, you have merit from beating the recruiting process backing you up.
Does OC&C have recognition with resume readers? I've talked to a few grad students who were MBB alums and some of them seemed to have never heard of it. Are they the exception or the norm?
Also, with regards to OC&C's positioning in consulting are they seen as second or third tier? I've done searches and gotten mixed messages. My sense is lower second tier. I ask in case recruiting is horrible and MBB doesn't work out.
Dude, always go with something that will lead to a permanent offer. Having JPM on your resume is nice, but senior year ft recruiting will be very competitive and you are fucked if you don't land an offer.
OC&C is a top firm, although they have a much bigger presence in Europe than in the USA - where they only have a Boston office, as their NY office split from them a few years ago. It's also a small firm in general. So especially in the US, people may not have heard of it. They do mostly strategy and tend to have a pretty good PE practice, although I don't think they have a true 'one firm' culture, so each office will be fairly independent and different.
I would guess that it's around the 'prestige level' of LEK and Parthenon (or Deloitte, but a very different culture), but as a clear third to those 2 firms. Not really sure though.
OC&C only recruits actively at Harvard, Williams and MIT so my guess is that you're at one of those schools. Anyone from MBB who went to those schools will know OC&C when reading resumes.
Reason for moving from OC&C to MBB is straightforward - OC&C only plays in media (and a little bit of retail). You want exposure to other industries. Easy.
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