Tier 2 consulting to Private Equity
Salut!
Does anyone know the exit ops for tier 2 consulting. I know MBB can have PE exit on investment teams. But does anyone know about shops like Oliver Wyman, Kearney or LEK. I know OW is big on financial service, but does that translate to being able to exit to a small- mid size PE shop?
Here before all the sophomore OW lovers drool everywhere.
In all seriousness , if you take a peak on LinkedIn you’ll see T2 people frequently at MM/LMM PE shops. It’s definitely not as common as MBB, but it’s also not out of the picture.
I've rarely seen OW and never seen ATK in deal teams (although there must be some). I'd say LEK or Strategy& are relatively much more common, or some of the regionally large due dil shops. DD is a competely different skill than FS or Ops.
Thanks for the insight - can you elaborate on how DD has different skill sets from Ops (and what is FS if you don't mind)? Appreciate it.
there's a solid amount of parthenon people that head into PE as well just bc a lot of their work is M&A/PE shit
OW regularly sends people to PE. Sure it's not the megafunds, but they have dedicated DD teams and if you knock on enough doors, you should eventually land somewhere pretty solid.
Not sure about Kearney. Check Linkedin or LMM/MM firm’s websites and you’ll see OW/LEK/S& alumni as part of the investment teams. I’m sure EY-P also has alumni that have exited into PE. OW alumni seem to land in “stronger”firms overall (including VC and Growth Equity in addition to PE), but I don’t know about the difference in frequency of these types of exits among those firms (as this is correlated to personally wanting to work in the buy-side or not).
You most likely won’t get the same looks as MBB. Still the option is there for sure and at respected firms with strong deal-flow.
I do suggest looking into IB if you for sure want PE though.
Hope this helps.
Note: this info is based off my own research as I also am considering investing role exits and am interested in consulting. I definitely suggest doing your own diligence and networking with people.
OW places in UMM as well not just the ones you mentioned above
Yeah you’re right, OW does place in UMM as well in addition to LMM/MM. I don’t think the rest of T2 do though.
LEK occasionally
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