MBB Manager in the US -> London PE

Based on the most helpful WSO content, here’s what you need to know:

1. Relevant Options in London PE:

   • London PE firms often value candidates with MBB experience, especially those with a background in private equity practices like CDDs, VDDs, and portfolio work. Your experience aligns well with what many firms seek.
   • Consultant-friendly shops in London, such as Bain Capital, Advent International, or Bridgepoint, are known to hire MBB consultants. These firms often appreciate the strategic and operational expertise consultants bring to the table.

2. Roles Combining Deal Work and Value Creation:

   • Mid-market and upper mid-market funds in London often have roles that blend deal work with value creation. These roles are similar to what you might find in the States, where you can be involved in both the investment process and operational improvements at portfolio companies.
   • Funds with dedicated operating groups or value creation teams (e.g., Hg, Cinven, or EQT) could be a good fit. These teams often work closely with portfolio companies to drive growth and operational improvements.

3. Associate Role at Consultant-Friendly Shops:

   • If you’re considering an Associate role, consultant-friendly shops are a strong option. These firms typically have structured programs for integrating consultants into investment roles, providing training and support to bridge any gaps in financial modeling or deal execution experience.
   • However, keep in mind that transitioning to an Associate role might involve a step back in seniority compared to your current position as an MBB Manager. Evaluate whether this aligns with your long-term career goals.

4. Additional Considerations:

   • Networking is crucial for breaking into London PE. Leverage your MBB alumni network and connections with PE clients you’ve worked with in the past.
   • Highlight your experience in private equity-related projects during interviews, as this will set you apart from other consultants without direct PE exposure.

If you’re looking for a role that combines deal work and value creation, targeting mid-market funds with a strong operational focus might be your best bet. For a more traditional investment role, consultant-friendly shops are a great starting point.

Sources: Q&A: MBB to MM PE, Q&A: I’ve held Pre-MBA MM LBO, Growth Equity and Venture Capital investment roles for funds with $500M+ AUM to $5B+ AUM, Q&A: MBB to MM PE, Q&A: Barclays IB to MM Private Equity