Which MBB is best for PE Recruiting?

yaytest33's picture
Rank: Chimp | 9

Just finished my summer at an MBB consulting firm and had a great experience (loved the people, the work, etc.) -- I got a return offer and I'm definitely leaning towards going back. I'm strongly interested in doing PE after spending two years at MBB and wanted to get people's thoughts on which MBB is best for PE recruiting? If the firm I'm at doesn't have a strong PE practice, is it worth re-recruiting for an MBB firm/office location that is stronger? Thanks in advance!

Comments (8)

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Aug 13, 2019

Bain is widely regarded as having the strongest PE practice and a clear industry leader in PE.

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Aug 13, 2019

Obviously Bain. I know people who went directly from Bain to Bain Capital after 2-3 years out of undergrad.

Aug 13, 2019

Thanks for the honest response! If I'm at an MBB that isn't Bain but am considering PE recruiting, is it worth the hassle to re-recruit just for Bain? Do you think BCG and McKinsey have less consultants moving to PE because the crowd is self-selecting or because they simply don't have the infrastructure for it?

Aug 14, 2019

You need a firm that does enough PE work, which is preferably Bain or otherwise McKinsey. McKinsey should be fine but you'll have a more painful experience as they're less well-oiled than Bain for DD work. BCG does little PE work and when they do it it's often sell-side/vendor work which is a very different experience and skillset and doesn't translate as neatly onto buyside roles..

Aug 14, 2019

If it's McKinsey, it may or may not be worth it (if PE is your goal). It's not that much hassle after all IMO since it's just applying to one more firm. At that point, it would be just about optimizing your odds, however.

If it's BCG, I think it's definitely worth it, given your goals.

For PE, Bain is seen as the clear #1, with McKinsey trailing by a decent margin, with BCG trailing by a large margin.

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Aug 14, 2019

In which geography are you recruiting?

In my country (Western EU) the majority of ex consultants that went into PE come from Bain and McKinsey.

Aug 14, 2019

Firms that are active in DD (especially PE DD) can also lead to PE exits e.g. LEK or PEY

Aug 14, 2019
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