An unexpected turn of events..
So I have a problem. But, it's a good problem...
My current situation: In my final year - undergrad. Non-target school.
Worked my ass off and currently Interviewing with MBB (minus one B) in location 1 for full time jobs. (preferred country- think NY, London)
I also reached out to family friends in my home country (location 2 - emerging market) for internships with all 3 different firms - back up plan - if I don't get the full-time jobs in the supercompetetive location 1, I can get the internships and convert those into full-time offers.
I am willing to work my ass off for these jobs. I will kill pandas if I have to. Joke!
So the person at Bain asks me - have you considered private equity (he's Managing Director in PE)?
I have a vague idea about PE (everyone wants to use consulting to get their foot into PE) - but what the hell do you do? Can you tell me more about it? Should I take it - even though all my efforts so far have been targeted at strategy consulting and I know jack shit about PE (my lack of interest/knowledge might affect my performance and I might not get an offer)
Also, there's a possibility I might get all 3 internships and I want to do all 3. It would be CV GOLD + I will get an understanding of their culture - you can only understand so much form the outside. You have to work with these people and see how they treat you when shit hits the roof.
Have you seen all 3 names (MBB) on a resume? How can it help you (or harm you!)? MBA apps? Learning experience? Network?
Thank you for taking the time to read my post.
Qwerty
You can make good money in China killing pandas... Sorry what was the question?
This website is warping kids' minds. Stuff like "everyone wants to use consulting to get their foot into PE" is cited as fact when this guy doesn't even know what PE is. No offense man. I mean that as a general observation.
Bain & Company's Private Equity practice is different than actually working in PE
the former one you serve PE clients in a variety of topics and the latter its investing
No offense taken.
Perhaps I should have been a bit clearer on this. I certainly did not mean it theway it comes across - I should have phrased it 'a lot of of people use consulting as a springboard into PE' - not not everyone, not even the majority.
I haven't really investigated PE and yes I asked here before turning to my friend google.
I am keen on strategy consulting, and I don't know jack shit about PE. I found some Wharton vids, I'll check them out when I get the time + youtube tends to have basic tutorial stuff.
Are there any posts on PE 101?
I'm pretty sure I don't want to change tracks at this stage. I'll take up the offer to work in Bain's PE practic (consulting), but I'm likely to decline if the position is actually working in PE.. thoughts?
Your post is very very confusing, and the comments have not helped... But a few things I thought I'd mention:
If your plan is to intern in non-US office and convert it to an US offer, that will not work. Depending on which one you're with among MBB, they might make you go through the entire process all over from round 1 for US offices or maybe give you a final round interview for a specific US office.
PE Group within Bain isn't a separate career track (at least within the U.S., I believe in most offices as well). As an Associate Consultant, you can do a rotation in PEG for 6-9 months but will be rotated out after that period. In other words, you cannot only do PEG cases for both of your AC years. Your contact was probably just seeing where your career interests are, not asking you if you'd take a PE offer vs. a generalist offer (because the former, again, does not exist).
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And FT recruiting for US offices is pretty much done at this point, I'd imagine. I know some have already started internship recruiting.
So the thing that pops out at me is, you want to work at all three of MBB? Bit odd...
I know I can't work at all 3. I'd be happy to take any one of them (at the moment) but if I had an internship:
Prestige, network, MBA application wise they are equally good (though McKinsey's alumni network is larger).
I'm not sure if this was the right place to post this question..
Not sure how you got all these possible offers because your thoughts are so rambled and disorganized I don't even understand the question. How would you have all 3 MBBs on your resume?.... You get three offers but need to accept one... you can't work at all of them.
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