BCG Ring Fence Team for PE?
Hey Guys,
So I'm at a crossroads with a decision as I consider fulltime positions for after I graduate college next year. I'm considering accepting a return offer to join BCG in their New York office as a senior associate(because I'll be graduating with a Masters degree). If I take the offer they've assured me that'd I'd have a good amount of say over what sort of cases I do, and as of now I'm interested in working on both Strategic and PE due diligences, pricing cases for B2B tech companies, tech Go-to-market cases, sales transformation for B2B companies, and corporate finance/strategy cases for tech companies. As of now my plan is to try to do 2 years in consulting and then move to a tech focused PE firm(like Silver Lake, Vista Equity, Thoma Brova, etc.) or get an internal strategy/finance position at a SaaS or FinTech startup. For those of you who ask why I'm not doing IB if I'm interested in PE, the answer is that I see consulting as a way to hedge for the chance that I end up wanting to go the startup route instead of PE, and if I were to go into PE I'd want my skillset to be a bit more unique than all the other associates.
For those of you who've actually worked in PE or have a sense of how the recruiting works, how viable do you think my plan is? Would I have a difficult time getting into a good PE firm from BCG(vs. Mckinsey or Bain)? As added context, I interned at a top boutique IB last summer so I know how to model, and I'll also be graduating with a degree from a target school in Finance and Decision. Will PE firms take this context into consideration, or will they only care about what I've done in the past 2 years? Also, if anybody has opinions on BCG's PIPE(Principal Investors and Private Equity) team or RingFence team I'd love to hear(I know that they're a little bit behind Bain in terms of volume of work but I'd interested in knowing how they compare in terms of the quality of the work they produce).
Thanks in advance for the help!
As a client and former MBB consultant, BCG vs. Bain for DD work is a tossup, depending on industry and who has diligenced the business previously. BCG has a better network of corporate clients so if understanding how the business interacts with F500 companies is important, I lean BCG. If it's a serial PE business, Bain has probably looked at it before, so I'd lean Bain. I've gotten good work and mediocre work from both firms.
If you're coming in as an Associate to my firm, your undergrad field of study isn't that important. Probably marginally useful once you join, if it helps you get up to speed on modeling quicker, but we care a lot more about raw horsepower, structured thinking, and other things that aren't as teachable.
Thanks so much. Very helpful!
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