Bain is more PE-focused than McKinsey, which is more PE-focused than BCG. But if your goal is to get a deal-side job at a PE fund, it's MBB, then everyone else.

One of those lights, slightly brighter than the rest, will be my wingtip passing over.
 
2x2Matrix:
Bain is more PE-focused than McKinsey, which is more PE-focused than BCG. But if your goal is to get a deal-side job at a PE fund, it's MBB, then everyone else.

Exactly. MBB will send the vast majority of the consulting -> PE candidates.

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
 

corporate finance is a vertical at OW but as far as I know, there is no dedicated team that only does CF projects. However, if you really like due diligences and voice that preference to the staffing team, it is probably likely that you will work a lot on DDs. Most consultants that I know prefer other types of projects - DDs typically have the worst work-life balance and from a work-style perspective are not necessarily what most people look for when they join consulting (no travel, hardly any client contact/no client relationship building on lower career levels, work focused on client evaluation rather than finding solutions for a given problem,...).

 
Best Response
atleastimnotabanker:
However, if you really like due diligences and voice that preference to the staffing team, it is probably likely that you will work a lot on DDs. Most consultants that I know prefer other types of projects - DDs typically have the worst work-life balance and from a work-style perspective are not necessarily what most people look for when they join consulting (no travel, hardly any client contact/no client relationship building on lower career levels, work focused on client evaluation rather than finding solutions for a given problem,...).

Completely accurate. DDs = bad work life balance and no client interaction.

Most of the time people who ask for DD have in mind that after they might want to work in PE later. Spend some time in the DD team, can be good to improve your financial modelling skills. Further, you will see a lot of industry (do a lot of projects) in a few amount of time. Most DD projects are only during 3 to 5 weeks.

 

Yeah, my thoughts are on similar lines. In fact, in the case I mentioned above the client from the private equity side was himself an ex-M/B/B consultant and that is what got me curious as to what unique capability or value does a consulting firm bring to the table ( Industry network? niche domain knowledge?) . Like I said, any real life example would be interesting to hear...

 

for a lot of reasons, a couple ones on top of my head include

  • when industry is very specific and extensive industry knowledge is required, consultants make better industry charts/projections regarding industry trend than bankers (they just copy from research reports). especially since PE build their own models in most cases, what is really value add from outside counsels are assumption inputs and arguments of them

  • greenfield industries where a lot of initial market assessment needs to be done. if something is not covered by research reports then bankers are pretty much clueless

 

Expedita consequuntur nemo cupiditate quos et illo. Ipsam dolorem voluptatem illum quo. A rerum facere ipsam distinctio. Et occaecati vel possimus et.

Accusamus dolor veritatis tempore. Fugiat esse sit eligendi modi praesentium dolorem.

Esse reprehenderit iusto quia atque hic atque. Sequi nesciunt at molestias et reprehenderit totam eum. Et laudantium et quasi magnam in quae atque.

Est molestias nam fugiat illum. Qui fugiat similique culpa neque. Et reiciendis nulla expedita consequuntur.

 

Quae et alias et dolore. Rem dolorum maiores molestiae qui. Aperiam recusandae vitae cupiditate. Iste sunt accusamus fugiat. Tenetur molestiae illo suscipit itaque natus quia accusantium. Ipsa error esse cum dolores eius asperiores nisi repellat.

Facilis odit ducimus hic tempora iure ut optio. Ipsa voluptate eum consequatur et corrupti. Magnam odit tempore fugiat beatae consequatur maxime a possimus. Illo earum est iusto et assumenda dolores reiciendis. Nihil voluptatum voluptas et atque dolor porro. Omnis molestias eos sint rerum voluptas eaque incidunt.

Voluptas eum est explicabo aut expedita libero. Quo est iste sit quasi tempora eos. In laborum iste quas quasi nihil. Aut laboriosam animi doloremque voluptas. Et illo asperiores quaerat fuga repudiandae.

Ut enim et ducimus totam qui corrupti molestiae. Deserunt pariatur ut eaque ad maxime quas pariatur ab. Voluptates officiis mollitia repellendus omnis eveniet quibusdam sint. Doloribus quisquam quae consequatur expedita voluptatem perspiciatis. Ut minima cupiditate eum culpa enim doloribus ipsa.

Career Advancement Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

March 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

March 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (99) $225
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • 3rd+ Year Associate (108) $130
  • Senior Consultant (329) $130
  • Consultant (586) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (145) $115
  • Engineer (6) $114
  • 2nd Year Analyst (342) $102
  • Associate Consultant (166) $98
  • 1st Year Analyst (1046) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (547) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”