Bain is more PE-focused than McKinsey, which is more PE-focused than BCG. But if your goal is to get a deal-side job at a PE fund, it's MBB, then everyone else.

One of those lights, slightly brighter than the rest, will be my wingtip passing over.
 
2x2Matrix:
Bain is more PE-focused than McKinsey, which is more PE-focused than BCG. But if your goal is to get a deal-side job at a PE fund, it's MBB, then everyone else.

Exactly. MBB will send the vast majority of the consulting -> PE candidates.

"For all the tribulations in our lives, for all the troubles that remain in the world, the decline of violence is an accomplishment we can savor, and an impetus to cherish the forces of civilization and enlightenment that made it possible."
 

corporate finance is a vertical at OW but as far as I know, there is no dedicated team that only does CF projects. However, if you really like due diligences and voice that preference to the staffing team, it is probably likely that you will work a lot on DDs. Most consultants that I know prefer other types of projects - DDs typically have the worst work-life balance and from a work-style perspective are not necessarily what most people look for when they join consulting (no travel, hardly any client contact/no client relationship building on lower career levels, work focused on client evaluation rather than finding solutions for a given problem,...).

 
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atleastimnotabanker:
However, if you really like due diligences and voice that preference to the staffing team, it is probably likely that you will work a lot on DDs. Most consultants that I know prefer other types of projects - DDs typically have the worst work-life balance and from a work-style perspective are not necessarily what most people look for when they join consulting (no travel, hardly any client contact/no client relationship building on lower career levels, work focused on client evaluation rather than finding solutions for a given problem,...).

Completely accurate. DDs = bad work life balance and no client interaction.

Most of the time people who ask for DD have in mind that after they might want to work in PE later. Spend some time in the DD team, can be good to improve your financial modelling skills. Further, you will see a lot of industry (do a lot of projects) in a few amount of time. Most DD projects are only during 3 to 5 weeks.

 

Yeah, my thoughts are on similar lines. In fact, in the case I mentioned above the client from the private equity side was himself an ex-M/B/B consultant and that is what got me curious as to what unique capability or value does a consulting firm bring to the table ( Industry network? niche domain knowledge?) . Like I said, any real life example would be interesting to hear...

 

for a lot of reasons, a couple ones on top of my head include

  • when industry is very specific and extensive industry knowledge is required, consultants make better industry charts/projections regarding industry trend than bankers (they just copy from research reports). especially since PE build their own models in most cases, what is really value add from outside counsels are assumption inputs and arguments of them

  • greenfield industries where a lot of initial market assessment needs to be done. if something is not covered by research reports then bankers are pretty much clueless

 

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