Long time lurker recruiting for PE here and have observed a curious phenomenon -
a high number of "Friends of friends" in India get into MFs with consulting backgrounds, most of which are not MBB firms - can anyone shed some light on why consulting candidates are so highly valued in India?
Also, are non-MBB consulting firms more valued in India vs their global counterparts? Just to illustrate, there haven't been that many candidates from ATK, Strategy&, etc outside India transition into MF PE - a quick LinkedIn search will confirm this. All thoughts welcomed.