Exit Opps from Accenture, Deloitte, and The Monitor Group

I can't seem to find any old threads that address the exit opps that come after working at Accenture and Deloitte. The only information that I've gotten from reading about these two firms is: Deloitte isn't good, and Accenture is the "kiss of death". I know these two firms don't compare to MBB but you can't put your eggs in one basket (or even 3). I also would like to know about the exit opps for The Monitor Group; I think they may be better than Accenture and Deloitte.

careers after consulting: Accenture career path

Our users shared that exit opps from firms like Deloitte and Accenture will likely be similar to exits from Bain and McKinsey with the exception of private equity exit opportunities.

They have the same exit opps as any other consulting firm. If you're in tech consulting at Deloitte you likely won't get any corporate strategy exit opps, but if you're doing actual MC at any of these places, you'll have the same options as someone from MBB. Granted, you probably won't be as high in demand as if you were at MBB. In the end, people don't care about the name of your firm, they care about the quality of your experience. Generally, you will get better quality experience at MBB, but if you have good quality experience someplace else, it's not like the hiring company will reject you just because you don't have McK on your resume.

DagwoodDeluxe - Private Equity Associate:
I think the only difference in exit opps between MBB and Accenture/Deloitte is in PE. MBB place well in PE, whereas it is tougher for Accenture/Deloitte. Granted, this could be an issue of self-selection, as my friends at Accenture/Deloitte are not interested and/or did not try to move to PE.

From a corporate perspective, exit ops are pretty similar. Nice mix of corporate strategy, corp dev, and even a few people going into real operating roles. Also, a surprising number go into non-profit (TFA, Peace Corps, other non-profit).

One other difference I've observed is re: grad school. I think (I do not have a large sample size for this assertion) that most Accenture/Deloitte alums who choose to attend grad school (either right after consulting, or after their job they did after consulting) get an MBA.

At MBB, a material % of the analyst class will pursue a graduate degree other than an MBA. MBA is definitely the most common, but many kids do JDs, MDs, MA/MS, PhD, etc. For example, in my MBB class, two went to law school, two went to med school, two went to culinary school (seriously), and several others went to get an MBA. Several are doing a joint degree (most common is MBA + MPA-ID at HBS/Kennedy and the Lauder program at Penn).

Anyway, the take-away is that exit opps from Accenture/Deloitte are great compared to most first jobs out of undergrad, especially if you're interested in corporate.

Venture Capital Exits from Deloitte and Accenture Consulting

Coming out of any management consulting program, it will be difficult to break into PE as you don't have modeling experience, likely don't have vast connections in the industry, and don't have detailed industry experience in HC or tech.

DagwoodDeluxe - Private Equity Associate:
It is very difficult to break into VC from any firm straight out of undergrad. Unlike PE firms, VC shops do not (typically) have a large number of associates (the name of the position ex-consultants and bankers take). VC shops may have 1-2 associates, but they are mostly partners.

To be valuable to a VC shop, you must either:

  • Have incredible subject matter expertise (e.g., PhD in a life-sciences or computer science field)
  • Have an incredible network (e.g., know all the entrepreneurs and VCs in Silicon Valley)
  • Be a proven entrepreneur

None of those three things are likely true for any person who has only done two years of consulting after undergrad.

If you really want to do VC, than start a successful business (or two).

An associate's role at PE firm is to:

  • Evaluate markets to identify potential investment opportunities ("market scans") (this is done by attending conferences, meeting with bankers, and simply doing research online)
  • Help execute the deal process, including modeling, doing diligence, and managing consultants, lawyers, etc.
  • Help oversee the portfolio companies (run analysis on performance, assist the management team)

None of those skills are valuable for VCs. Hence, very small need for associates at most VC shops.

If you are interested in pursuing a career in VC, check out a video from the Columbia Business School about how to break into VC.

Read More About Venture Capital on WSO

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Comments (90)

 
Sep 21, 2011 - 1:05pm

They have the same exit opps as any other consulting firm. If you're in tech consulting at Deloitte you likely won't get any corporate strategy exit opps, but if you're doing actual MC at any of these places, you'll have the same options as someone from MBB. Granted, you probably won't be as high in demand as if you were at MBB. In the end, people don't care about the name of your firm, they care about the quality of your experience. Generally, you will get better quality experience at MBB, but if you have good quality experience some place else, it's not like the hiring company will reject you just because you don't have McK on your resume.

-MBP
 
Sep 21, 2011 - 1:09pm

No they're not. MC at Deloitte is under S&O. Tech is separate. They even have different analyst programs (BA vs BTA).

-MBP
 
Sep 21, 2011 - 1:45pm

I think the only difference in exit opps between MBB and Accenture/Deloitte is in PE. MBB place well in PE, whereas it is tougher for Accenture/Deloitte. Granted, this could be an issue of self-selection, as my friends at Accenture/Deloitte are not interested and/or did not try to move to PE.

From a corporate perspective, exit ops are pretty similar. Nice mix of corporate strategy, corp dev, and even a few people going into real operating roles. Also, a surprising number go into non-profit (TFA, Peace Corps, other non-profit).

One other difference I've observed is re: grad school. I think (I do not have a large sample size for this assertion) that most Accenture/Deloitte alums who choose to attend grad school (either right after consulting, or after their job they did after consulting) get an MBA. At MBB, a material % of the analyst class will pursue a graduate degree other than an MBA. MBA is definitely the most common, but many kids do JDs, MDs, MA/MS, PhD, etc. For example, in my MBB class, two went to law school, two went to med school, two went to culinary school (seriously), and several others went to get an MBA. Several are doing a joint degree (most common is MBA + MPA-ID at HBS/Kennedy and the Lauder program at Penn).

Anyway, the take-away is that exit opps from Accenture/Deloitte are great compared to most first jobs out of undergrad, especially if you're interested in corporate.

 
Sep 21, 2011 - 3:39pm

DagwoodDeluxe:
I think the only difference in exit opps between MBB and Accenture/Deloitte is in PE. MBB place well in PE, whereas it is tougher for Accenture/Deloitte. Granted, this could be an issue of self-selection, as my friends at Accenture/Deloitte are not interested and/or did not try to move to PE.

From a corporate perspective, exit ops are pretty similar. Nice mix of corporate strategy, corp dev, and even a few people going into real operating roles. Also, a surprising number go into non-profit (TFA, Peace Corps, other non-profit).

One other difference I've observed is re: grad school. I think (I do not have a large sample size for this assertion) that most Accenture/Deloitte alums who choose to attend grad school (either right after consulting, or after their job they did after consulting) get an MBA. At MBB, a material % of the analyst class will pursue a graduate degree other than an MBA. MBA is definitely the most common, but many kids do JDs, MDs, MA/MS, PhD, etc. For example, in my MBB class, two went to law school, two went to med school, two went to culinary school (seriously), and several others went to get an MBA. Several are doing a joint degree (most common is MBA + MPA-ID at HBS/Kennedy and the Lauder program at Penn).

Anyway, the take-away is that exit opps from Accenture/Deloitte are great compared to most first jobs out of undergrad, especially if you're interested in corporate.

Agree with this. In my earlier post, I was only thinking of corporate exits. I'm sure McK and Bain are in a league of their own when it comes to PE placement.

-MBP
 
Sep 21, 2011 - 5:32pm

The McBainGroup places extremely well into PE, friends of mine have easily been able to get into pretty good shops based on 2 years of post-undergrad experience or getting some pretty interesting positions in the corporate world. I have heard of very few Deloitte/Accenture/Monitor alums placing well with only 2 years of experience.

Life, liberty, and the happiness of pursuit.
  • 1
 
Sep 21, 2011 - 10:46pm

It is very difficult to break into VC from any firm straight out of undergrad. Unlike PE firms, VC shops do not (typically) have a large number of associates (the name of the position ex-consultants and bankers take). VC shops may have 1-2 associates, but they are mostly partners.

To be valuable to a VC shop, you must either:
- Have incredible subject matter expertise (e.g., PhD in a life-sciences or computer science field)
- Have an incredible network (e.g., know all the entrepreneurs and VCs in Silicon Valley)
- Be a proven entrepreneur

None of those three things are true for essentially any person who has only done two years of consulting after undergrad.

If you really want to do VC, then either start a successful business (or two). Haha, easier said than done.

An associate's role at PE firm is to:
- Evaluate markets to identify potential investment opportunities ("market scans") (this is done by attending conferences, meeting with bankers, and simply doing research online)
- Help execute the deal process, including modeling, doing diligence, and managing consultants, lawyers, etc.
- Help oversee the portfolio companies (run analysis on performance, assist the management team)

None of those skills are valuable for VCs. Hence, very small need for associates at most VC shops.

 
Sep 21, 2011 - 10:46pm

It is very difficult to break into VC from any firm straight out of undergrad. Unlike PE firms, VC shops do not (typically) have a large number of associates (the name of the position ex-consultants and bankers take). VC shops may have 1-2 associates, but they are mostly partners.

To be valuable to a VC shop, you must either:
- Have incredible subject matter expertise (e.g., PhD in a life-sciences or computer science field)
- Have an incredible network (e.g., know all the entrepreneurs and VCs in Silicon Valley)
- Be a proven entrepreneur

None of those three things are true for essentially any person who has only done two years of consulting after undergrad.

If you really want to do VC, then start a successful business (or two). Haha, easier said than done.

An associate's role at PE firm is to:
- Evaluate markets to identify potential investment opportunities ("market scans") (this is done by attending conferences, meeting with bankers, and simply doing research online)
- Help execute the deal process, including modeling, doing diligence, and managing consultants, lawyers, etc.
- Help oversee the portfolio companies (run analysis on performance, assist the management team)

None of those skills are valuable for VCs. Hence, very small need for associates at most VC shops.

 
Sep 22, 2011 - 8:48am

i like wikit's name for MBB... lol "the McBainGroup"

you have to say it with the deep movie trailer guy voice... hahahaha

Get it!
 
Sep 22, 2011 - 8:49am

L.E.K. vs Monitor (London) exit opps (Originally Posted: 12/08/2011)

Hi Guys,

Would appreciate some advice on this. Sadly I didn't get offers from MBB but I'm choosing between L.E.K. and Monitor - both for the London office.

My ideal plan is to work in consulting for a couple of years, do an MBA at H/S/W (is that even possible with these firms?) and then go into a strategic/management role at a tech company (my background is in EE/CS).. somewhere like Google or Apple (or some interesting startup) would be the dream. A lot of the cool tech companies I feel are in the US, so I would also be looking to potentially move to the US in the future (specifically maybe silicon valley)

Which of these two companies would set me up best for this? And if I decide that I want to go into PE or something, which would set me up better?

Aside from the exit opps are there any general comments that people have about the companies in terms of 'prestige'/career development/pay/hours/culture/work?

Thanks!

 

 
Sep 22, 2011 - 8:50am

What you need to do is take that Monitor offer and be excellent. As you may know Monitor was founded by Porter. Be outstanding at Monitor, then do your MBA at Harvard. They have strong links with the school, due to obvious Porter reasons and you have a chance of getting in. Monitor + HBS Porter = Strategy god. Then move on to a management role wherever you want basically.

 
Sep 22, 2011 - 8:55am

This forum just disillusions people into obsessing over MBB with some association of "winning at life" as a vindication of sorts. It's sad, but that's how myopic type-A personalities act; everything is a dick measuring contest and as a result people don't really measure what actually matters.

I have a friend at LEK and he loves it though. He's only been on strategy projects thusfar. With that said, you got some sound advice at Monitor. Can't really go wrong here.

 
Sep 22, 2011 - 8:58am

OK fine maybe 'sadly' was not the best choice of words there - perhaps this forum has been getting to me too much...

But there seem to be a couple of votes for Monitor over LEK. Is this considering my long term plan of consulting->MBA->strategy in tech company? Or just generally? I'd be keen to hear more views, and maybe also some explanations.

runitback - yeah I am studying in the UK (Cambridge)

 

 
Sep 22, 2011 - 9:00am

Monitor OW LEK AT K are all excellent, excellent consulting companies. Very good exit opps, very good pay, good projects, smart people. I keep thinking when I read these forums how obsessed people are with MBB. I bet 90% on this board are still in college, because a lot of comments are very immature. Consulting is an exceedingly difficult industry to break into, so if you have got offers from Monitor and LEK you are already in the 95th percentile of college grads. Pat yourself on the back and move on to bigger and better things.

In terms of ranking, OW FS is generally considered a top tier player. LEK's strategy work can at times be on par with MBB. Booz is in the ear of high ranking government employees, like AT Kearney's operations work is top quality. As I said - all superb firms, guys.

 
Sep 22, 2011 - 9:03am

bbjhva:
Monitor OW LEK AT K are all excellent, excellent consulting companies. Very good exit opps, very good pay, good projects, smart people. I keep thinking when I read these forums how obsessed people are with MBB. I bet 90% on this board are still in college, because a lot of comments are very immature. Consulting is an exceedingly difficult industry to break into, so if you have got offers from Monitor and LEK you are already in the 95th percentile of college grads. Pat yourself on the back and move on to bigger and better things.

In terms of ranking, OW FS is generally considered a top tier player. LEK's strategy work can at times be on par with MBB. Booz is in the ear of high ranking government employees, like AT Kearney's operations work is top quality. As I said - all superb firms, guys.

give me a gig at anyone of those firms and i'll be happier than a pig in mud... especially OW...

Get it!
 
Sep 22, 2011 - 9:04am

bbjhva:

In terms of ranking, OW FS is generally considered a top tier player. LEK's strategy work can at times be on par with MBB. Booz is in the ear of high ranking government employees, like AT Kearney's operations work is top quality. As I said - all superb firms, guys.

doesn't booz do mostly commercial work? not sure they even have a significant presence in government at the moment, at least compared to BAH

 
Sep 22, 2011 - 9:01am

I'm not sure it's a slam dunk with Monitor - LEK is pretty damn good, too. I'd just go with the one you like more; for what you want to do, both places will put you in a good position.

One of those lights, slightly brighter than the rest, will be my wingtip passing over.
 
Sep 22, 2011 - 9:07am

So I went for LEK in the end (even though everyone here was recommending Monitor). I spoke to a bunch of people and it really seems that LEK has a better reputation in London/Europe than Monitor (it is headquartered in London after all). LEK London also does a lot of stuff in alternative energy, biotech and PE apparently, while Monitor Europe focuses on healthcare and consumer goods - considering my long term goals, I'm more interested in the sectors that LEK works in.

However, I do realise that Monitor probably has a better global name, which would maybe have served me better for getting into a HSW MBA. Does anyone know how well LEK places into HSW? One other disadvantage with LEK is that there is little travelling at the Associate level, but people seem to say this is a good thing (no 5am Monday flights). Also the LEK office is sooo much nicer than Monitor.

Anyway, those are some of the reasons for the decision. I know that LEK has a reputation for working a lot, but on the flipside, they seem to have a much more structured 3 year long program for new intakes (Monitor London doesn't appear to have the same).

I hope I haven't made a mistake! I'd be interested to hear any further thoughts on this..

 

 
Sep 22, 2011 - 9:08am

Congrats Buddy! either way you would have been sitting pretty

Get it!
 
Sep 22, 2011 - 9:09am

randomperson - nicely done. Great that you have done your hwk and research and are at peace with the decision. As you should be - both are terrific offers. You're right - LEK is not as global a name but in London it is very very good.

As for HWS placement, I think the difference between an applicant from LEK/Monitor will be miniscule. Don't worry too much about it. Yes Monitor has perhaps greater 'history' with the top b-schools, but now everyone has heard of LEK and all the good work it does.

 
Sep 22, 2011 - 9:10am

I know this is a bit late, but you made a good choice! LEK is run very conservatively with no debt and lots of cash in the bank, unlike Monitor.

 
Sep 22, 2011 - 9:12am

EXIT OPPS come after working at Accenture ? (Originally Posted: 01/26/2012)

Dear all,

What's the exit opportunity from Accenture as an IT consultant ? I have gotten from reading that Accenture is like "Kiss of Death", not sure if it is true as so far the jobs seem pretty good (Beside the fact that long working hours) but of course the paid is incomparable to ibankers.

So ya, any comment/idea on the exit opportunity for Accenture ? Furthermore, I m taking a master degree in finance at HKU, not sure if it is "target school"or not but is a famous local university, what value will it add to my career path and any chance get into ibank or switch field ?

Any comments are welcome, thanks in advance !!

 
Sep 22, 2011 - 9:14am

Rumplesmoothspin:
What would you like to exit into? If it's a bigger CO firm then it's difficult unless you do an MBA.

What are your plans for when you decide to leave?

First of all, thanks for the reply

I may continue MBA at target school after 4 years of work experience. I am looking for getting into finance sector after my postgrad degree in Finance, so it will be like 2 years from now

 
Sep 22, 2011 - 9:15am

I work at Accenture and know a couple of people who quit and moved to PwC, mcK, Deloitte. I think you can easily move to 5-10 ranked consulting firms, especially if you aligned to MC rather than IT. But otherwise, for top 5, you def need MBA.

 
Sep 22, 2011 - 9:18am

Thanks for the comments,

How about ibank ? any chance for ibank position after I finish my postgraduate degree in finance ?

Also, if I want to switch to MC role, how should I approach it ? (since I am in IT role atm)

 
Sep 22, 2011 - 9:19am

if you're set on going into banking after mba, you should obviously try to attend a top 10 mba program, and network your balls off... also, you need to get lucky with economy

my older bro was an engineer and went to HBS for MBA. He wanted to get IBD job, but couldn't get it. He got some very solid offers outside banking, but if economy sucks and there is very high competition for banking jobs, it may be difficult to land a banking job even after top MBA. a lot of people at top mba programs come from banking analyst work experience, and many of them want to go back to banking. you are competing against these people to land banking jobs...

that said, consulting firms don't care as much about your pre-mba work experience as finance employers. as long as you have high GMAT and attend top b-school, that's all you need to land interviews for top management consulting firms... and you need to do well with case interviews to land offer

also, you seem to be thinking about exit ops even before starting your work... try to focus on doing well at your work and try to enjoy it. lastly, Accenture is not kiss of death. I know 2 people, who were friends with my older bro, who made it to HBS after working at Accenture for several years, so anything is possible

 
Sep 22, 2011 - 9:20am

Sexy_Like_Enrique,

Much appreciated for your input, it really help me out a lot (Especially the doing well on your job part)

I will take your input and work hard on my MBA and work first.

 
Sep 22, 2011 - 9:21am

i agree with sexy like enrique, focus on getting your shit done at Accenture and kill it there.

i started off in IT and through networking/hard work/a little luck, i ended up on some prety kick ass projects that i doubt even MBB likes cant get you straight out of college. i was sitting in on client board meetings, writing/selling proposals, advising C-suite execs as an analyst. Then through networking Accenture internally, i am moving to MC hopefully soon. like i said i ended up pretty lucky since I managed to make good contacts with SMs in MC who are helping me transition. only way to do it i think, going thru HR will take u ur whole career to transition.

my plan is to get into top MBA soon and then decide on banking vs consulting.

 
Sep 22, 2011 - 9:22am

Ppandey:

i started off in IT and through networking/hard work/a little luck, i ended up on some prety kick ass projects that i doubt even MBB likes cant get you straight out of college. i was sitting in on client board meetings, writing/selling proposals, advising C-suite execs as an analyst.

Dude - big props for doing that at Accenture, I know how rare it is and you must have really pushed hard. You are, however, kidding yourself if you think sitting on board meetings and advising the C-suite is out of the ordinary for fresh faced MBB BAs.

 
Sep 22, 2011 - 9:26am

Just curiosity, I moved to HK after I finished my BCs degree in US 1 year ago.

How useful is master of finance from HKU, CU or UST ? Am I able to switch field with it (either one) and are they worth to take it ?

Thanks ahead for any input !!

 
Sep 22, 2011 - 9:27am

I know someone who went from Accenture to a prestigious consulting firm in Chicago, no MBA. Seems to be a good launching pad for some folks.

"That dude is so haole, he don't even have any breath left."
 
Sep 22, 2011 - 9:28am

Accenture SI vs. Grant Thornton Auditing vs. Shell Finance to IB, exit opportunities (Originally Posted: 05/01/2012)

Hi Guys,

I am seeking for your advice.

Which of the following FT positions do you think would offer me better exit opportunities?
1. Accenture Systems Integration
2. Grant Thornton Auditing
3. Shell Finance

I am a finance major seeking for a break into IB or other finance jobs. But Australian job markets really sucks lately (10 years' low in M&A and all sorts of job cuts in banks) and these are my only options at the moment. I know that I probably need to get an MBA after a few years if I really want to work in IB. And that's my plan.

So which one do you think would be the best choice ?

Thanks guys.

 
Sep 22, 2011 - 9:29am

A bit of more info, the partner told me about the pay in final interview.

  1. When you got in, you are an analyst ($60,000)
  2. After two to three years you will become a consultant (90k+)
  3. Manager (120k)
  4. Senior manager (140k)
  5. Senior executive (unknown)

I know, very tempting. But how about auditing and Shell finance, any insights?

 
Sep 22, 2011 - 9:32am

Sovjet:
If you don't mind Oil & Gas IBD/ER, I'd take Shell. I'm not really sure that Accenture (with an IT focus) would be a good transition to IBD. However, Accenture places better than Audit into a business school - so it depends on how you want to transition (before or after b-school).

What are the chances for a direct transition from Oil&Gas to IBD ? How about a b-school, given that I won't have any pre-MBA IB experience ?

 
Sep 22, 2011 - 9:36am

Deloitte Consulting Exit Opps (Originally Posted: 02/27/2013)

Hello all,

I've been with Deloitte Consulting's Tech branch for about 2 years now. Though I'm aligned to an SAP/Oracle service line, I've had the opportunity to do some process improvement work and project management along the way, on top of the normal ERP endeavors.

I graduated with a 3.9+ in Finance from a target school (top 30 undergrad business program) and turned down some corp fin and wealth management offers before joining DC.

I'm trying to get away from the implementation/ERP work and get back to my Finance roots. I was curious as to what others went into post-consulting who had a similar background? I've looked into GE Capital Analyst positions or even their FMP program... Going to B school has never really been in my plans - though I would consider my alma mater's online exec MBA program. Due to other financial obligations, I would rather pursue a new opportunity. Any suggestions or comments would be much appreciated!

 
Sep 22, 2011 - 9:37am

I believe Deloitte Consulting has a program where they fund your MBA (GSAP?). You mentioned getting an MBA is not something you want to do, but it really is one of the best ways to switch industries (and the DC brand would probably help in getting into a top school). Consider schools like Kellogg that have a one year program too.

Other than that - try to network and get into S&O (which, I believe, has a financial consulting division). I know of people networking their way into S&O from Tech/HC/Advisory. While it is an uphill battle, it is definitely possible. Getting staffed on projects that are cross-service-line/area definitely helps here.

Not too sure if this will help - but look into certifications like the CFA as well. CFA + solid GPA in finance from a good school + work experience at DC might help you lateral (without being pushed down to an entry-level job).

 
Sep 22, 2011 - 9:39am

Thanks for the replies so far! Part of me wants to just get out of consulting. Living out of a suitcase has been trying at times. Maybe moving out of consulting into a more advisory type position in FAS would be beneficial?

As far FMP goes, I don't have a Master's, but I have been out of school working for 2+ years. Not sure if that disqualifies me.

 
Sep 22, 2011 - 9:40am

you could look at the other 3 big 4 firms as they are aggressively getting into the financial consulting space and they pine over Deloitte people

My drinkin' problem left today, she packed up all her bags and walked away.
 
Sep 22, 2011 - 9:43am

Deloitte Tech Consulting (Info Management) vs S&O for exit ops (Originally Posted: 12/07/2013)

There may already be a thread relating to this, but I can't locate it. My question is, is there a significant difference in prestige/exit ops between undergrad Strategy & Operations analysts vs Tech Analysts with Deloitte? I work specifically in information management, which involves a lot of data mining/modeling, and is not too heavy on actual tech knowledge (relative to Oracle Programming or Web design). Deloitte likes to bill the position as primarily business-driven, and most people here are either Business or Math majors, very few from comp sci

 
Sep 22, 2011 - 9:45am

EY M&A/Valuation vs Deloitte S&O exit opps, etc.. (Originally Posted: 01/03/2014)

Hi Everyone!!!

I am new of the forum and although I got quite a bit of information from here I never posted. I want to specify that I European and the positions offered refer to the EU market but I believe the job itself doesn't change much as well as the exit opportunities.

I would like to have some thoughts regarding the daily routine and especially exit opps from two offers I recently received, EY M&A/Valuation (they are both together where I applied, though I believe more valuation/business modelling than M&A - kind of 70-30) and Deloitte S&O.

I just want to mention that I don't mind the hours or work life balance, I just want to have a couple of years (also interesting to know from you after how many years) before exiting possibly to VC or PE houses without an MBA.

Thank you in advance and Happy new year!!

 
Sep 22, 2011 - 9:47am

The Sour Patch Kid:

You're probably going into VC or PE from either.

I think he meant *not* going to VC or PE from either...at least not right away. It's hard even for MBB kids to make this jump, you'll need to build your skillset and CV a bit more than this. I would say that Deloitte S&O is generally a better launching pad.

 
Sep 22, 2011 - 9:54am

@"Myron Gainz" @"JonnyPi" -- I didn't see that OP is located in Europe, and, unfortunately, cannot speak intelligently to the comparative exit ops for these groups over there.

However, as it seems you are both generally interested in how a consultant might break into PE, I have a few general thoughts that might be helpful to you.

The most logical progression from management consulting to PE, in my mind, is to join an "in-house operating" team within the PE firm. The current PE landscape has moved significantly away from relying on financial leverage and multiple arbitrage for outsized returns; operational expertise and active management of portfolio companies by the PE firm have become critical drivers of IRR. If you are interested in learning more about these operating teams, take a look at this white paper done at INSEAD (may have to copy and paste link into your browser):

http://www.insead.edu/facultyresearch/centres/global_private_equity_initiative/students/documents/ISP_Value_of_in_house_operations_teams.pdf

For young professionals, there are two hurdles on the way to making this jump:

1) While scores of PE shops have teams like this, they are not as essential as the deal teams themselves (obvious, I know) and, as such, not every firm has one.
2) There is no need for junior level consultants on teams like this; as an analyst/associate, you're not going to have any meaningful input regarding the operation of portfolio companies. The kind of work a PE firm needs a junior to do can, and will be, given to former IBD kids, etc.

So, if you want to join a team like this, you have to stay in consulting for a significant amount of time to build the experience you'll need to be competitive. This is what I meant by bolstering skillset/CV. Not to mention that you'll likely want an MBA at some point along the way. It may seem a bit daunting, but hell, it's the path I'm gunning for, and if I can make it happen I'll be pretty damn satisfied with what I've been able to make out of my career.

 
Sep 22, 2011 - 9:55am

Deloitte S&O Exit Ops (Originally Posted: 01/21/2016)

Have accepted an offer to Deloitte S&O out of undergrad. I am interested in going into Corp. Dev. or Internal Strategy down the road, and am wondering how limited my options will be from Deloitte rather than an MBB. From what I've heard, the most prestigious companies (Google, etc.) will be off limits, but in all honesty how will my odds be for most jobs?

My dream job would be working in Corp. Dev. for Patagonia. Would this be possible from Deloitte?

 
Sep 22, 2011 - 9:56am
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