Is the switch from consulting to private equity possible?

I am currently an analyst at Deloitte and will eventually become a consultant for them. My end goal is to be in private equity and not coming from MBB is giving me some doubts on being able to transition. I've read it is possible but would appreciate some more feedback and knowledge on this. Maybe on how I should transition into PE as well.

Also would be open to thoughts on different exits out of consulting besides just PE

Thanks!

Comments (25)

2mo 
KnowsNothing, what's your opinion? Comment below:

Nope, sorry, if you didn't go to a target school, get into a BB in IB M&A (only GS and JPM will do), then your destiny is to work at a Pizza Hut for life.

(edit: Sarcasm wasn't apparent...)

  • 1
Most Helpful
2mo 
Stonks1990, what's your opinion? Comment below:

You'll be fine. It'll be harder - if I'm reviewing resumes, the one w/ the BCG logo will catch my eye before the Deloitte one. But it's not an end-all by any means. If you're able to highlight relevant deal work and operational checkpoints that you've completed in your Deloitte tenure, while also having good interpersonal and interviewing skills, then you have a shot just like everyone else. As soon as you get into the interview room, all of your past goes out the window and it's just the interview that matters. 

Piece of cake, baby. You got it.

1mo 
Han_Finance, what's your opinion? Comment below:

That is great to hear. I really appreciate the feedback and encouragement!

Funniest
  • Intern in IB - Cov
1mo 

I too think the BCG logo is more eye catching--the deloitte one is just too bland and the black font doesn't scream ingenuity

but have you seen that EY logo--the yellow accent makes it even more eyecatching than bain's logo 

  • 4
1mo 
metjoeblack, what's your opinion? Comment below:

more of an uphill battle and concerted effort on your part, sure, but not impossible. expect relevant casework to be relatively more important at that strata to compensate for the lack of "prestige." load up on DDs/deal-adjacent cases and master the verbiage/technicals and you should be a compelling candidate beyond screening stage.

  • 1
1mo 
kindheartedconsultant, what's your opinion? Comment below:

It's not impossible but it's a much more difficult battle.

I'd recommend lateralling to MBB before trying to make the switch--it'll be easier to go from Deloitte to MBB than it is to go from MBB to  PE. Once you're in MBB, then it's relatively straightforward to get an offer at a PE fund. Harder for a MF, of course, but if you're smart enough to go to MM/LMM, you'll have a spot no doubt.

Remember, always be kind-hearted.
  • 3
1mo 
Han_Finance, what's your opinion? Comment below:

Thanks for sharing the feedback. Helpful to know about possible routes as well. 

Any thoughts on ER and moving to IB and then to ER?

1mo 
kindheartedconsultant, what's your opinion? Comment below:

Despite being a LMM PE Associate, I'm kind of an idiot and I don't know what those acronyms mean. IB is banking, idk what ER is, but I'd avoid both of those because I don't think the skillset learned is better than the MBB one--for IB because that's just obvious to anyone who knows both consultants and bankers, and ER? IDK what that is so I don't know if it gets into PE if that's your goal

Again, I'm a bit of an idiot on this

Remember, always be kind-hearted.
  • 2
  • Associate 1 in RE - Other
1mo 

Nothing is IMPOSSIBLE, per se. I got into a MF REPE shop with a non real estate background or IB or finance background (data scientist). But I still had a HSW engineering undergrad and background in construction/civil, so I wasn't a complete nobody. And even then I consider myself crazy lucky to have broken in.

Realistically, unless you have some kind of catch or pitch, it's going to be a massive uphill battle to get into corporate PE. Putting aside LMM, getting a MM/UMM/MF PE gig (non ops) will be all but impossible from B4 without some sort of in.

It will be FAR easier to lateral to MBB and then recruit for MFPE than it would be to even get a LMM PE gig. And if you can't make it to MBB (or even T2) then you aren't cut out for PE anyway

1mo 
Han_Finance, what's your opinion? Comment below:

I've considered the lateral to MBB the best option and then finding an in. Thanks for giving your insight. 

  • Intern in IB - Cov
1mo 

Are we talking like palantir type data scientist?

How did you get yourself on headhunter radars?

  • Analyst 2 in PE - LBOs
1mo 

Deloitte is not good, lateral

1mo 
Han_Finance, what's your opinion? Comment below:

How quickly after starting as a consultant there should I be looking to lateral? Would building up some knowledge and cases overtime be more beneficial?

1mo 
Han_Finance, what's your opinion? Comment below:

If you don't mind what was the non-mbb? Also what did you do to get your applications looked at for PE coming from non-mbb, I'm sure there must've been something that made you stand out without having to lateral. Appreciate the response!

  • Intern in PropTrad
1mo 

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1mo 
Han_Finance, what's your opinion? Comment below:

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