Hi guys,
I'm a first year analyst at MBB. Since I've started I've been working on an OP Model case for a $70B+ market cap, consumer goods company. For those of you who don't know, operating model cases deals with org structure (who reports to whom), roles (who does what), and how those come together to make the work get done. I've been in charge of owning a lot of the org data and external data sources to backup some of the team's claims about certain teams being understaffed or why our suggestion aligns best with consumers.
I'm also pretty interested in PE and will be recruiting whenever the next cycle comes around. It looks like I'll be on this case still by the time rrecruiting rolls around. So what's the best way to spin this experience in my interviews? Will I be totally disbarred because I don't have any PE diligence experience? Should I contemplate hopping over into banking to have better options?
Thanks!
I'm assuming you're interested in PE deal team roles.
Coming from an MBB firm, you will have a few looks if you cast your net wide enough. Instead of thinking about how to "spin" your experience, you should be thinking about the gaps in your skillset as it pertains to PE and work on filling in those gaps. The pre-requisite skills for PE associate roles that you don't typically pick-up from consulting are financial modeling and understanding M&A transactions so start there.
I totally understand that. I'm studying for the gaps in my modeling and financial knowledge. At the same time, I know how important your past experience is during the interviews. So I'm wondering how I say that I've had this Op Model experience that seems random but still makes me valuable to you.
I am confused, op model are not operational model (excel) used as vendor model (or buy side model with 46 different scenarios)?
Operating model is both an abstract or visual representation (model) of how an organization delivers value to its customers or beneficiaries as well as how an organisation actually runs itself. So it's not an actual model, just a theoretical idea of how a business should run itself.
Whoa - assuming that you started with the normal BA / A / AC intake last fall, it seems that you'll be on the same project for well over a year? This sounds a bit irregular, unless consulting changed dramatically since I was a post-undergrad consultant.
I'm going to be really honest - that's hard to spin and will be easily detected during interviews. My advice would be to try and roll off that project (as tactfully as possible, of course) and try to build a more generalist set of experiences.
bump.
From my experience as an MBB consultant the only thing that matters during on-cycle is your rating within your firm and maybe a 4.0 GPA to supplement. As on-cycle processes move earlier each year PE firms increasingly rely on a tear-sheet of candidates summarized by headhunters:
Firm & rating
School & GPA
Headhunter score
If you are not top ~10 - 25% bucket I would recommend staying out of processes until you can get there even if it takes 4 years.
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