Fairmont Consulting Group - Thoughts?
I'm a rising sophomore at a target with a background in defense (4 years military + defense contractor internship this summer). I'm interested in consulting and found a post on Handshake for Fairmont Consulting Group. They have locations in Boston and D.C. with a focus on M&A and strategy consulting for aerospace/defense. Has anyone heard anything about this company? There seems to be very little information online. I'm quite new to this whole world so I'm not sure how to evaluate smaller firms. Thanks!
no, but i had a chance to join a boutique consulting firm over a large RX consulting firm (think FTI/Alix/A&M) during undergrad and can offer my 2c:
with smaller consulting firms, you want to make sure that the founders have good track records.
consulting is a ridiculously competitive industry, so naturally, the big names will usually have way more resources, connections, training, exposure, and better junior-level experiences than smaller ones.
for example, if you see partners/MDs/Senior MDs at FTI/Alix/A&M RX leave to start their own advisory groups and they have lots of experience under their belt, chances are that there is lots of upside for joining a firm like that with all the connections of the founders.
also, are you interested in a certain industry long-term? or looking for more generalist roles?
because industry-specific consulting firms will silo your career in that industry if you stay there too long.
m 2c is to look the firm, founder, team, and past + recent projects up before making your decision.
as for me, i ultimately chose to go to the large RX consulting firm, lateraled to EB RX IBD, and now i work at a distressed PE/HF crossover fund.
i did not get EB IBD during undergrad, but i would not trade my consulting experiences for anything, as it showed me different ways to look at distressed deals than my IBD experience did, and i still stay in touch with my seniors at the consulting firm and work with them across various deals now. small small world!
hope that was all helpful!
adding onto the above comment,
when evaluating smaller consulting firms, see if the founder(s) have connections and experience; for example, were they partners/MDs/Senior MDs at MBB/Big 4? or FTI/Alix/A&M for RX?
and how many years of experience and what kind of deals did they lead/work on?
if the founder is a seasoned veteran (previously partners/MDs/Senior MDs at large consulting firms) with an impeccable track record, then you will have a great learning experience in a flat organizational structure, and the training and deals will be similar to what the founders did at their previous firms.
if not, then smaller consulting firms will tend to have a hard time scaling, but it will not be a bad experience for a sophomore internship by any means.
Hey, heading to T1 RXCO, interested in getting to distressed PE/crossover seat, would it be possible for me to ask you some questions? If so, could you please pm me?
A bit jammed with my schedule, but going from RXCO & Buyside HY/ABL/DL Credit --> EB RX IBD --> Distressed PE / Crossover happens all the time.
I would say that it's MUCH more common and feasible than going to EB RX IBD from M&A or non-RX Consulting.
For example, there's a VP at Charlesbank Special Sits / Opportunistic Credit who went from Semi-Target School --> FTI RXCO --> EB RX IBD --> Charlesbank Special Sits.
Having RXCO or Buyside HY/ABL/DL Credit experience already gives you a lot of insight into distressed transactions the way that M&A IBD never could, so as long as you have deal experience, hammer out your technicals, and tell a good story to why you want to work in RX IBD, you should have an advantage over most M&A bankers looking to switch over to RX.
If you're at RXCO or Buyside HY/ABL/DL Credit and looking to transition to EB RX IBD, I would get some deal experience, master technicals and modeling, and then start looking around the 6-8 month mark.
EB RX IBD will be the best way to set you up for Distressed PE / Crossover seats.
You got this!
Is it the same ease / difficulty from any of the T1 RX consultancies (A&M, Alix, FTI), or are there notable differences? I'd assume people from A&M are maybe less motivated to bc of the insane pay, but what're your thoughts?
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