London - MBB PE Groups
Currently an intern at GS/MS with several internships in PE but looking to start my full-time career in consulting and am highly interested in joining a PE group at MBB in London. My background and all my connections are in IB / PE so I would be thankful if anyone could offer some insights.
- Which of the MBB firms has the strongest PE group? I know a lot of people say Bain is really strong in PE, but when looking at the exits compared to McKinsey / BCG that does not really seem to be the case in London.
- What do the hours and culture look like? Are there any major differences between the MBB firms?
- How much of your time is spent on CDD / CVDD reports and how much time is spent on more classic strategy consulting?
- What exits besides traditional PE are possible? Is there any difference between the MBB firms?
- How difficult would it be for someone with my background to break into consulting at MBB?
- Do interviews consist of the typical cases or is it different for PE group?
Can a mod please move this thread back to the consulting forum where I posted the thread? The thread was moved due to automatically detected keywords, but clearly, this thread belongs in the consulting forum.
Don't get it do you want to support PE portcos with consulting, or go into Bain Cap / o.e.?
Sorry if I was unclear. I would like to work at the division of a MBB firm that supports PE firms with CDDs, CVDDs, and strategy consulting.
Was just idly browsing the PE forum when I saw this. I am in the PE Group in London, so lucky you.
Many thanks for this answer, extremely helpful. I will definitely give it a shot. My biggest fear is the interviews, as I will have very limited time to practice case interviews as I will be working a lot as an intern until the end of the summer. I understand that people spend a lot of time practicing case interviews and have heard people recommending starting at least 6-12 months in advance.
It depends on how effectively and how quickly you can learn through your prep.
I did my prep in 3 weeks, others do more. I should caveat that this was not intentional. I didn't expect such a rapid interview invite after applying, so had to do it "crash course" style. But it's basically however long it takes you to be confident in your skill level, comfortable during the case, and able to enjoy it.
For reference I did 21 cases in those 3 weeks, while working FT. Here is a link for a detailed breakdown: https://www.wallstreetoasis.com/forum/consulting/how-long-did-you-spend-for-case-prep#comment-2820853
If you don't enjoy casing, you won't enjoy the job.
You've got the best possible answer above, but a couple of thoughts as someone in a related field in the B4.
Bain are comfortably the best in this space in my opinion, I've never seen a Bain CDD report that I wasn't impressed with. Mck and BCG are next but there is a gap.
There is then a very noticeable gap in CDD to the T2/Big 4 providers.
If you are as committed to this path as you say, you need to find time to practice Cases. I came very close to leaving for MBB a few years ago and knowing how to do cases was probably my single biggest advantage during recruitment.
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