Consulting -&gt; PE

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monkeyMAN8008

PE

1y

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FinnesseGod

CO

1y

Most Helpful

Let me see if I can begin the conversation and shed some light.

The first thing to note is that PwC and Deloitte are not that far off from T2, based on who you ask, they may include Monitor Deloitte or S& (the consulting arms of both respective firms) as T2. Ignoring the Tier system for a second, the emphasis should really be networking with the respective teams and practices you hope to join to understand the current market dynamics and entry points. Given you have a bachelor's and a master's, I would argue that you're either suited for off-cycle graduate programs or lateral hiring programs. The primary difference is that lateral hiring programs target candidates with ~1.5 years of experience or above.

Here is a non-comprehensive list of folks you should aim to speak to:
- Delta Partners, a subsidiary of FTI Partners specialized in TMT industry has a research consulting practice

- Bain PEG team or any associate in the generalist pipeline will have come across a CDD in their tenure at the firm

- EY-Parthenon has a growing software strategy team that they've been growing

- McKinsey PIPE Program, often targets industry professionals with ~1-3 years of experience, it would be good to speak to existing colleagues to understand the work, from my conversations with McKinsey PEPI Canada (Vancouver), the work includes pre-acquisition research, PE investment thesis construction, PE DD for potential acquisitions and even post-deal value creation at times.

- BCG has a PE practice, but I have no exposure/insights to it.

- Strategy shops like S&, Monitor Deloitte, EY-P or the EY Business Consulting/Business Design would all provide fantastic exposure into the industry.

- There are non-Canadian shops like Roland Berger, KEARNY, and a PE DD shop in particular, LEK that are all worth considering.

Obviously, MBB has the great breadth and depth of exposure, but they've been deferring their incoming new hires due to market pressures. That's why I advise before all else: do some resaerch and create your market map of the top 20 firms and practices you'd like to work at. From there, continue to conversations to answering the million dollar question: "Is what I think the work will be actually what they're doing at these firms/practices?" If that's a yes, then understand the hiring profile, the timelines, the interview processes, and soforth.

I've seen folks go from Tech, Accounting, Finance, Corp Dev, Engineering to Consulting. It's not impossible, but based on your foundation, it has varying levels of difficulty. Those in Accounting and Finance can get the interviews, but some struggle in the case interview process since they've never done it. Others find it difficult to understand timelines but apply and convert to consulting via LinkedIn or careers portals having never networked. All this to say, there's no single way about getting into or moving within this field. What matters is building a valued skillset.

Debenture Bonds Are The Same As

lovereadingwallstreetoaisis

CO

1y

FinnesseGod
Let me see if I can begin the conversation and shed some light.
The first thing to note is that PwC and Deloitte are not that far off from T2, based on who you ask, they may include Monitor Deloitte or S& (the consulting arms of both respective firms) as T2. Ignoring the Tier system for a second, the emphasis should really be networking with the respective teams and practices you hope to join to understand the current market dynamics and entry points. Given you have a bachelor's and a master's, I would argue that you're either suited for off-cycle graduate programs or lateral hiring programs. The primary difference is that lateral hiring programs target candidates with ~1.5 years of experience or above.
Here is a non-comprehensive list of folks you should aim to speak to:
- Delta Partners, a subsidiary of FTI Partners specialized in TMT industry has a research consulting practice
- Bain PEG team or any associate in the generalist pipeline will have come across a CDD in their tenure at the firm

- EY-Parthenon has a growing software strategy team that they've been growing

- McKinsey PIPE Program, often targets industry professionals with ~1-3 years of experience, it would be good to speak to existing colleagues to understand the work, from my conversations with McKinsey PEPI Canada (Vancouver), the work includes pre-acquisition research, PE investment thesis construction, PE DD for potential acquisitions and even post-deal value creation at times.

- BCG has a PE practice, but I have no exposure/insights to it.

- Strategy shops like S&, Monitor Deloitte, EY-P or the EY Business Consulting/Business Design would all provide fantastic exposure into the industry.

- There are non-Canadian shops like Roland Berger, KEARNY, and a PE DD shop in particular, LEK that are all worth considering.

Obviously, MBB has the great breadth and depth of exposure, but they've been deferring their incoming new hires due to market pressures. That's why I advise before all else: do some resaerch and create your market map of the top 20 firms and practices you'd like to work at. From there, continue to conversations to answering the million dollar question: "Is what I think the work will be actually what they're doing at these firms/practices?" If that's a yes, then understand the hiring profile, the timelines, the interview processes, and soforth.

I've seen folks go from Tech, Accounting, Finance, Corp Dev, Engineering to Consulting. It's not impossible, but based on your foundation, it has varying levels of difficulty. Those in Accounting and Finance can get the interviews, but some struggle in the case interview process since they've never done it. Others find it difficult to understand timelines but apply and convert to consulting via LinkedIn or careers portals having never networked. All this to say, there's no single way about getting into or moving within this field. What matters is building a valued skillset.

Thank you so much @FinnesseGod, your thought process screams logical thinking and stability.

Really appreciate your response. I will def create a map and see how I can maybe break into any of these focus areas.

I had been in touch with EYP SSG. But since then I got pushed into the sister firm cause by the time I started networking there, pandemic was at the peak and they had hired for their cohort.