Why consulting rather than private equity?
Why do you want to or enjoy working in consulting? Why would you prefer to work in consulting rather than in private equity?
Thanks!
Why do you want to or enjoy working in consulting? Why would you prefer to work in consulting rather than in private equity?
Thanks!
Career Resources
Hey NYCkiddos, sorry about the delay, but are any of these useful:
If we're lucky, maybe I can guilt some users to help you out: Zinedine_Zidane MLCCM jakelippe1
Fingers crossed that one of those helps you.
1) It is very difficult to enter PE out of undergrad or MBA 2) You face a wider variety of problems and industries in consulting 3) You get to travel regularly as a consultant
Generally, PE and HF's are considered the apex of finance. Very few would take a big name consulting firm over a big name PE firm if their interest is to become a professional investor.
There is a supply and demand issue - the supply of many PE roles is smaller than consulting roles, so many folks target consulting roles over PE.
That being said, here are a few reasons one may take consulting over PE.
I'll also add that the work itself in consulting can be more varied than PE.
Hey-Thanks for the great insight. Will be great if you can answer some of my questions. I am matriculating at a 15-20 ranked MBA next fall and going to a school where Consulting recruiting is not that strong. I am also an international so visa is also required.
What's your work experience?
Very good insights, what about hedge funds?
Very good insights, what about hedge funds?
If people are pushed out after 2-4 years and it's difficult to lateral in PE, where do most of these people go?
Interested in this as well.
A smaller, less attractive fund. Other finance roles (including consulting, back to IB). Commercial real estate. Corp dev. Startups. A port co. Business school and something else after - most search funds have PE experience. I don't have a big enough N to give you a full picture, but those are generally in the right direction.
Thanks for this-how about doing a IB vs HF? Talking about comp, job security, path to the top etc will be really helpful
This will need someone else's input. I know enough about each to be directionally correct, but it would be mostly conjecture (how's that for consulting speak).
I'm also pretty biased about IB unless you're a glutton for emotional punishment.
The one post above detailed it well but at some smaller PE shops/LMM funds you can end up wearing quite a few hats. My business partner used to work at a fund where he was allowed to sit on the boards of a few of their companies, assist management on the ops end, etc...
Of course there was loads of excel monkey work too but it wasn't the only thing he did by any means.
Well you do that at an associate level in bigger funds as well..
Sit on the board?!
Really the only reason is if you like the travel and hate financial statement analysis
Hey,
I believe Management consulting and working in private equity represent career paths that enable bright and smart college students to make a lot of money right out of school. While the top firms in both industries prefer graduates of top universities I believe that none of the careers impose rigid educational requirements. This has made them attractive picks for students who want lucrative careers without being bound to three or four years of after-college experience. However, we also have to acknowledge that the management consulting industry has soared quite a lot and undoubtedly we can foresee a success there.
According to me, I shall always go by consulting because of experience. if you seek to know more about how the management consulting trends to behave, you can always look up and get a glimpse from these category intelligence and supplier information on the recent management consulting trends.
Please feel free to connect to have a discussion on my experiences for opting consulting over private equity,
So would you guys say a management consulting internship (Accenture, KPMG, etc.) or LMM private equity internship with a decent amount of deal flow (PE fund?
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