McKinsey - Private Equity Practice

Any information on this group? Seems like a large chunk of the work they do is PE due diligence, which should technically be ideal for PE exit opps from a consulting position. But a quick linkedin search doesn't show much, especially when most of their guys are from okay schools and non-IB/consulting summer internships.

Here's a description: http://careeredge.bc.edu/jobs/private-equity-analyst-north-america/

Bain's PEG group seems to be a lot more legitimate and established, and has had consistent exit opps. While McKinsey's equivalent seems to be their Corp Fin practice.

Nothing much has been said about their Private Equity Practice. Would appreciate any insight.

 

Many years ago, most BAs in the CF practice exited to PE, but that has dwindled mostly due to interest in other areas. Also, your search may be skewed as many people do not identify themselves as CF BAs on Linkedin. If you are interested in PE though, IB is a better way to go than consulting. If you insist on consulting, Bain is probably a better choice. As you said, they have a much larger presence in the PE space compared to the other 2.

To be clear, CF is a function while PE is an industry at McK. These lines are not clear though internally. A CF study can be a PE study or it could be any other industry. And people can work on these studies whether or not they are aligned to CF/PE.

 
Best Response

Perhaps a why you want to know this information kind of statement might help.

Like I said before, PE is an industry vertical, and a way for McKinsey to market their services externally. Especially for younger guys, you're not going to have people be exclusively PE practice. Very senior (e.g. director) may lead the practice in a particular office, but even an AP that does a lot of work in PE will dabble in studies outside the group. The variety of work will increase as you look more junior. I've never even heard of a BA being aligned to a particular industry, only a function (e.g. BTO, CF, Risk, or generalist). This is why the question is kinda hard to answer, and that's also why saying the calibre of people in PE vs generalist doesn't make sense. They are the same people. Generalists can get on PE projects, or any other project they may like. This is also why there might not have been any chat about it, it's not like some sectioned off group or department. It's a service that McKinsey offers that anyone at McKinsey can work on.

So the reputation is going to be the same is going to be the same as McKinsey as a whole. Reputation vs other MBB, Bain is probable strongest, also as stated before. Caliber of people, same as McKinsey as a whole.

Exit opps are going to be about the same too. If you are a generalist BA, you can put emphasis on getting onto PE studies during your 2 years, making you a good candidate for PE. Like I said before though, IB is a better path for PE.

Trying to be helpful, but you're not giving me much to go on...

 

Interested in this as well

You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.
 

Earum labore eum necessitatibus necessitatibus a quia. Blanditiis dolore deleniti reiciendis repellendus molestias. Velit est neque quae consequatur. Ipsum rerum et magnam voluptatem. Voluptatem dolor dignissimos sit repellat possimus.

Esse deleniti esse nihil sed ipsum. Necessitatibus et quia ducimus est ipsa dicta voluptas est. Non mollitia adipisci occaecati est voluptate.

Career Advancement Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Overall Employee Satisfaction

March 2024 Consulting

  • Bain & Company 99.4%
  • Cornerstone Research 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • McKinsey and Co 97.7%
  • Oliver Wyman 97.2%

Professional Growth Opportunities

March 2024 Consulting

  • Bain & Company 99.4%
  • McKinsey and Co 98.9%
  • Boston Consulting Group (BCG) 98.3%
  • Oliver Wyman 97.7%
  • LEK Consulting 97.2%

Total Avg Compensation

March 2024 Consulting

  • Partner (4) $368
  • Principal (25) $277
  • Director/MD (55) $270
  • Vice President (47) $246
  • Engagement Manager (99) $225
  • Manager (152) $170
  • 2nd Year Associate (158) $140
  • 3rd+ Year Associate (108) $130
  • Senior Consultant (329) $130
  • Consultant (586) $119
  • 1st Year Associate (538) $119
  • NA (15) $119
  • 3rd+ Year Analyst (145) $115
  • Engineer (6) $114
  • 2nd Year Analyst (342) $102
  • Associate Consultant (166) $98
  • 1st Year Analyst (1046) $87
  • Intern/Summer Associate (188) $84
  • Intern/Summer Analyst (547) $67
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”