Going to a T2 DD / M&A Strategy Heavy Consulting Firm in the UK - Exit Opps into Corporate Strategy?
As per the title, was wondering if folks from T2 DD heavy shops are in essence ringfenced to LMM PE in London for exits, or if they tend to place well in corp strat roles once leaving?
my previous corporate had someone from LEK in the corp strategy team. LEK in general has solid exit options. Assume thats who youre talking about.
Actually meant from a firm like S& / EY-P haha - would that still be accurate?
Tbh why would corpstrat teams hire DD focused consultants? I always assumed that people actually involved in market entry / etc. in vanilla corporate strategy would be all the more relevant for internal corporate strat teams.
tbh its all about how you spin and talk about your experience. i was getting plenty of Corporate Strategy and Corporate Development interviews with my Audit and FP&A background before eventually joining a consulting firm.
there's a lot of companies out there, dont forget :-) . S& and EYP are solid places to have your first job out of Uni. Pretty sure my corporate had people from those places too working in strategy /CorpDev.
Thank you so much for the replies! What kind of corporate are you working at? Would you say that there is a deep difference between the 'kinds' of corporates (e.g. startups vs bluechips) that DD consultants should realistically target!
i used to work for one of the biggest TMT companies out there.
dont have start up experience so cant help you but you can always tailor your experience to your reply. you can say you have experience in ABC which is why you are looking at XYZ or you could say that you've seen ABC and hence are looking to move somewhere where things are different perhaps (although potentially risky because they might go "well how do you know its different etc")
I wouldn't call Strategy& a DD shop. EY-P and LEK, more so. That being said, I have former MBA colleagues that went from S& and LEK to Corp Strategy roles. Don't have first hand knowledge of anyone from EY-P doing that from my network, but I doubt it would be harder than from the other 2. The skills you get doing commercial DD are still useful in a general strategy role, especially at a company that also grows through acquisitions.
Not to worry; a lot of former colleagues, part of S& Deals practice in London, went into corporate strategy roles. Far more than those who went into PE. Despite being associated with Deals, they do a fair amount of strategy and they are arguably the most coveted of the two S& units. They are particularly strong in the TMT space, definitely leaders in in the T2 landscapes and more than able to compete with at least one B of the MBBs.
Cheers! Would you happen to know of people tended to leave early on as assocs / senior associates, or if people tended to transit out at manager? Have heard the pros and cons for both, but haven’t really heard about people leaving Deals Strategy as managers / EMs to correspondingly senior roles in F500 corporates or the like
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