I am currently finishing my last year in college. I have an offer from a MM Investment Bank to go into equity research and also have an offer from Deloitte to start in consulting. I am considering which route would be best for career progression into private equity. Would appreciate some feedback.
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MM ER - more relevant experience
Could you give some more insight into that. I’ve only recently made the decision to go that route and was more into corporate finance so just wanting to get some more info.
they are a prospect so they dont even have a job, there isnt any more insight there thats worth hearing
Absolutely not lmao. Strategy consultant + finance modelling skills (which you'd need to study on your own) is a better fit for PE especially as you move beyond the associate stage. Deloitte isn't MBB so that may limit the type of PE that will give you looks (ie MF) but that same dynamic applies to MM banks as well
Thanks for the input. Helpful to know.
Transitioning from ER to PE is really difficult. If you want PE go consulting or try and lateral into an IB role. Check out the ER forum for more details.
Appreciate the response!
Would think consulting is more relevant than ER.
Lateraling to MBB from Deloitte will be a way better option than ER
Thanks for the response. I’ll take that into consideration and am now thinking that that will be the better option as well.
Piling on here to say Deloitte. Lots of consultant-friendly PE firms - you can certainly land something (likely MM/LMM PE) from Deloitte or lateral to MBB if you want more serious exit opps. ER you have to go to IB first, which isn't hard but not a total cakewalk either from a smaller brand
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