Move from Deloitte S&O / Accenture Strategy to PE with only one year of experience.

My background: I graduated from top 15 U.S. university in spring 2015 and began my career as an analyst at [think Deloitte S&O / Accenture Strategy] in fall 2015. I've had a positive experience thus far at the consulting firm and could see myself staying there for a few more years, going to business school, and returning for a few more years before heading into a different industry or to a different consulting firm. However, I'm very interested in private equity (PE) and just received an offer from a local mid-market PE / PE advisory firm.

Major pros of joining PE firm:
- Opportunity to work in the PE space prior to business school, which is quite rare as I understand
- Increased level of interaction with clients and more responsibility over deliverables and workstreams
- Higher compensation (25-40% increase)
- Join a small, tight-knit team of 10-20 practitioners
- Reduced travel schedule and potentially enhanced lifestyle due to less working hours, spending every day of the week in the same timezone, etc.

Major cons of joining PE firm:
- Potentially no financial assistance for business school
- Leaving tight-knit analyst class
- Decreased mobility related to residence (the consulting firm has offices in every major American city and would most likely allow me to eventually move to [think NYC, Chicago, SF, for example] if I wanted to; the PE firm has one office in the U.S. and one in Asia)
- Limited travel perks (say goodbye to hotel and airline status & points)

Could you let me know if you believe I should accept the offer? Did you or do you have friends who spent time in PE after consulting? How do you / did they feel about their experiences?

Comments (1)

 
Jul 15, 2016 - 2:24pm
Start Discussion

Popular Content See all

Life Hacks during WFH | How do you avoid burnout?
+51IBby 1st Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 1 in IB-M&A
Leaked EY Email
+48IBby 1st Year Analyst in Investment Banking - Industry/Coverage">Analyst 1 in IB - Ind
Have any 1st year analysts actually quit?
+23IBby 1st Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 1 in IB-M&A
I’ll never take WSO for granted again
+22OFFby Principal in Venture Capital">Principal in VC

Total Avg Compensation

January 2021 Private Equity

  • Principal (6) $693
  • Director/MD (15) $627
  • Vice President (57) $366
  • 3rd+ Year Associate (60) $272
  • 2nd Year Associate (115) $245
  • 1st Year Associate (248) $224
  • 3rd+ Year Analyst (23) $162
  • 2nd Year Analyst (56) $139
  • 1st Year Analyst (163) $119
  • Intern/Summer Associate (17) $66
  • Intern/Summer Analyst (178) $59

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Secyh62's picture
Secyh62
98.3
3
Jamoldo's picture
Jamoldo
98.3
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.7
6
frgna's picture
frgna
97.6
7
bolo up's picture
bolo up
97.5
8
Edifice's picture
Edifice
97.5
9
NuckFuts's picture
NuckFuts
97.5
10
Addinator's picture
Addinator
97.5