Easier to go to top UMM PE from MBB or MFPC/Distressed?
Hey all,I am a college senior and am very fortunate to have had internships at a MBB and a MF credit group (BX credit/Bain Cap Credit) that invests in a variety of credit/distressed products. I liked them both and have a standing offer from the MF for full time. I am leaning towards the MF, but I'm concerned about being able to transition from that role to an UMM PE role compared to transitioning from MBB. Looking at some PE firms I find interesting on LinkedIn, such as Berkshire, it looks like a lot of their associates come from MBB and not many come from MF credit groups. Maybe this is just a reflection of how many more consultants there are (I mean, there are probably 10x as many junior consultants at MBB as there credit analysts at BX/Bain), but I wanted to see what others' thoughts are.
I would think since I'm actually investing at the MF that that skill set would be more applicable to PE, especially if I do some distressed PE deals we an analyst. It does look like a lot of people at MFPC stay on to senior roles, so maybe my findings are also more a reflection of self selection to stay at the place one is. What do folks think? To clarify, it's not necessarily my goal to switch to PE, but I want that optionality.
To add a datapoint someone from my SA class at MFPC (BX/KKR/Ares/Bain) went to UMM PE FT
Thanks for the data point. Would you mind sharing which firm?
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Unsure about probabilities but it's doable from both.
MBB is a way better option if you decide to do literally anything else besides PE, and only a marginally worse decision if you want to do PE (though def worse if you ended up wanting to stay in the MFPC world). This feels like an easy choice for me.
An easy choice… meaning the MFPC role for OP, correct?
Only if he is 100% certain he wants to be in PE or PC long term. MBB will still let you go to UMM/MF PE fairly easily, and is massively better for non-finance roles / MBA / etc
They’re both great options
I agree with the other posters however McKinsey has gone massively down market. They have almost 40k consultants now
I think I’d pick Bain credit if you really want to be in finance
Know multiple partners at this firm, has to do with their consulting backgrounds. Most UMM firms don't skew this heavily consulting
That makes sense. Do you think the move from a credit/distressed shop like BX/Bain to Berkshire is possible then?
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