I have worked with a public consulting company for 2-3 years mainly doing M&A strategy work. I have recently received offers from E&Y's TAS group in business integration, and a small boutique firm which focuses in the tech space - which pays 35-40% more and offers a more entrepreneurial environment (doing strategy and M&A consulting; buy and sell side advisory).
I already have my MBA from a top 25 school, and want to know which of these two options would be a better option if I want to get into the PE space in a couple years. (I have always figured I rather be working directly for the PE making the $$$ vs helping them throughout the transaction life-cycle via a consulting firm).
Anyone with experience or thoughts on this would be a huge help!
If you already have your MBA, have no PE experience yet, and won't for a few more years, I don't think you have a very good chance of breaking into the industry at all.
I was 23 when I finished, (went straight from undergrad), so I would be looking to switch over to PE before I am 30; currently 27. My thought was with all of my operational experience working with PEs, and my understanding of the M&A life cycle, it could be valuable to a PE firms. Is this non-traditional approach one that is destine to fail? I appreciate everyone's input.
Is your position with E&Y Transaction Integration or Business Integration? I don't see Business Integration under their Services.
Yes, sorry, Transaction Integration.
That helps a bit that you were so young when you got your MBA. I assumed (given the more common route) that you were already in your early thirties. You can make the same case to a recruiter that you just made to us but I think you know it will be an uphill battle. At 29-30, you will be joining most Private Equity Firms as an Associate and almost all of your competition will have had 2 years of pre-MBA experience in PE. I'm not terribly familiar with the E&Y position but my first impression would be that you are best off in any investment banking setting as compared to that role so I'd take the boutique.
So you don't think having the E&Y name holds that much weight with PEs? I think that is one of my biggest hangups.
Voluptas animi qui asperiores rerum quia. Temporibus omnis dignissimos mollitia et quisquam. At quis perferendis quasi veniam quibusdam delectus libero error. Et sunt molestiae et aliquid consectetur ab non. Repellendus blanditiis et et temporibus.
Eos earum et rerum ut beatae enim necessitatibus quo. Ab accusantium pariatur voluptatum non ut et magnam fugit. Necessitatibus labore accusantium occaecati iste quam velit. Sit numquam dolores temporibus porro quos voluptatem. Eveniet sit voluptatem ad ut reiciendis.
Deleniti praesentium debitis non quis porro dolorem. Error earum ad rem iste.
Officiis harum rerum quis asperiores nobis sint. Et libero commodi quam eligendi nam amet. Est recusandae nisi ea cumque dolores vero. Nihil vel reprehenderit voluptatem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...