Hi all, first time poster. Joining a strategy house/DD specialist in London (think LEK/EY-P/S&/OC&C) entry-level, with half an eye on transitioning to PE later in career.
Having networked (+ desktop research + WSO trawling) I'm aware the main pool for PE is IB and that consulting as entry point is limited, but that of consulting firms you're perhaps better placed for that transition where you're staffed on a number of DDs/transactional projects (notwithstanding the obvious advantage of being at MBB instead).
However I'm not under any illusions as to how difficult it is to get into PE even from a DD-heavy consultancy. One potential avenue indicated by a PE partner I spoke with is to join a PE firm's portfolio team, from which you can network/grind your way into the "deal-side" part of the firm.
(A) In your experience, how viable is a portfolio team in a PE firm as a "stepping stone" to a deal-side role? It was suggested to me that it might be easier in a smaller/MM firm where portfolio roles are less specialised and rigid - is this true?
(B) How do Portfolio Team roles in PE houses compare to deal-side roles, or to external strategy roles? That is, when considering interesting work, comp, work-life balance, etc., from analyst/associate up to the more senior levels?
All answers welcome, those based on knowledge of the UK market especially so.
Thank you all!