I'm currently a Econ senior at a non-HYPS undergrad (Duke, U Chicago, Cornell) deciding between returning full-time to a Tier 2 consulting firm focused on PE due diligence (LEK, Strategy&, Parthenon) or accepting an analyst offer at a MM PE firm (500-800MM AUM). Both offers are for NYC.
If I were to stay at the consulting firm, I intend to transition to PE after two years. Buy-side exits to PE here are not as great as MBB have it, but not impossible for MM firms.
The MM PE firm is a smaller team, but is reputable and has a strong path from analyst --> associate after 2 years. Most of the associates come from IBD / MBB backgrounds, or from the analyst program.
My concerns/factors that I am considering are:
1) Is it better to just start off as PE analyst, when the buy-side exits aren't as certain from consulting?
2) How do H/S/W MBA view a Consulting+PE background vs just PE background?
3) If I wanted to lateral to an upper MM / MF post-MBA, which background is better? How do other MM PE firms view MM PE analyst backgrounds?
4) How much value should I place on a bigger network of people at consulting, especially since I am just moving to NY?