BA Offer vs. Banking/PE/HF Recruiting
Hi all,
I just got an offer to join McKinsey. I mainly applied because it is one of the top sophomore programs and has strong return/FT conversion.
Now I’m trying to figure out how to approach recruiting going forward. My main interest long term is in investing, either public markets or private equity. I’ve also heard that going directly into a hedge fund can be risky since you can get pigeonholed, and if it does not work out, exits are limited outside of other HFs or business school.
On the consulting side, I know the pay is lower than banking but the lifestyle is generally better. McKinsey also has strong exit opportunities and MBA sponsorship, which is something I eventually want to pursue.
So my questions are:
- What are the realistic exit opportunities from McKinsey after 2–3 years, especially into IB/PE/HF?
- For someone interested in investing, does it make sense to still grind banking/PE/HF recruiting this fall or winter, or would that be redundant if I already have McKinsey locked in?
- Has anyone faced a similar decision, and how did you weigh consulting vs. banking/PE/HF early on?
Would really appreciate any perspective from people who have gone through this decision process.
I'll take a stab at this, the disclaimer is that I've never considered consulting as a career - I've just started at one of the large platform hedge funds out of undergrad, but nevertheless:
With that being said, if I didn't get HF, I'm not sure I'd be pursuing a career in finance, so my POV might not map onto you.
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Do you want to do banking or consulting?
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Consulting gives you much more optionality than banking. I'd argue it's superior.
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