Is Strategy& Deals team shielding from the problems occuring in the rest of S&?
Hi everyone,
I recently was extended an offer to join the Deals group within Strategy&. They do PE and M&A strategy, with each project lasting from a few days to a few weeks. The team came out of PwC and is strong in London etc. but they are trying to double in size annually in the US, having just brought the team over two years ago.
I have heard that S& is laying off numerous people; how big is that problem, and is Deals affected? It seems like most of the Deals people are not Booz legacy. Is there anything else to know about Deals before deciding? Would you consider it a better or worse opportunity than S&?
Hey I'm in a similar boat - you can see my thread a few posts down. However, there's a few other things I'm thinking about:
The team's already doubled in size in the past year or so. I understand that at the top end, this has come from acquiring producing partners from Bain, LEK, etc. Non competes in consulting are typically two years. So if the practice started two years ago, over the next year or two they're probably expecting an increased pipeline of new work; hence the need to ramp up hiring at the pre-and-post MBA level.
All of my programs returning interns/full time hires at Strategy& have absolutely loved their experience so far and nobody seems afraid of layoffs.
My friends at MBB all view Strategy& very highly and still consider it comparable to when it was branded Booz & Co.
If you're into deals strategy, Bain is the clear leader there, but I think Strat& has the potential to be one of the best in a very short time. In the meantime I expect that mentoring and training will be coming from some of the best in the industry considering what their growth strategy has been.
I put no stock in people's opinions on this forum that Strategy& is dying or ramping down. PwC seems to be investing in all the right places.
Can I PM you to discuss the info we've each gotten?
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