Genuine question: how is MBB > PE such a common route when there’s such little (and high-level) financial modeling in consulting? Are these consultants going into Ops roles and not deal team?

like
Posting as :
works at
You are currently posting as works at

Because PE is way more about telling a story and selling to additional investors than it is financial models

like

@B2 - thank you, that actually makes a lot of sense. So I take it they’ll also need to learn to run a deal process via on-the-job experience as well?

Because consulting teaches you how to assess a business (competition, customer perspective, etc) which for investing is just as important than the model (and imho more important)

Source: MBB -> PE here

like

Wanted to try out consulting and they gave the best offer by far. Really only interviewed with T2 shops and Monitor. Had some less than favorable interactions with an MBB or two back at my bank when on deals. Granted, I was in the restructuring arm, and MBB has notoriously poor RX teams in the bankruptcy world, so that was about the extent of my interaction. Perhaps not a fair assessment, but that was my mindset at the time.

I’ve also never been super motivated by “prestige.” Especially after already having been at a well-regarded bank. I care about $ and the people I’ll work with

I went Big 4 -> Pension Fund PE -> H/S/W MBA -> MF PE

like

We see lots of exits from our PE practice into PE. There is a good deal more modeling work in the work we do vs what I’ve seen in prior consulting experiences.

like

Related Posts

MBB folks on H1-B who recently switched to FAANG - did you run into any issues with visa transfer? My transfer has been filed and I’m a bit nervous about USCIS’ perception of consultants and the current sentiment around H1-B visas.

like

Is it wise to go in house to a product and privacy group after 2 years in commercial litigation?

like

I joined TCS 2 days back. Today I got the better offer from Deloitte. What should I do? Should I resign from TCS and joined Deloitte or stay with the TCS.
Please suggest.
YOE:6yrs
Stack: Cloud

like

Anyone who has made the switch from consulting to product/program management? How did you do it?

like

I have a low GPA because an abusive relationship during my schooling that kept me from focusing. I’m clear of that now, but I don’t know how to explain my low GPA going forward.

like

Hi everyone! I’m trying to pursue a career in doesn’t research. Any training recommendations?

like

🗣️ #ASpaceToVent 🗣️
Making a career change is tough! Let's use this thread for venting, asking for community support and feedback, or just being witnessed on something that needs to be shared. A space to say what you can't say elsewhere!

like

Which are the best portals for corporate career advice? Could you anyone please suggest?

like

CFP thinking of taking a few month career break to search for a new position. Need a recharge and to reevaluate, not to mention time to search. Would this be a mistake? Thanks

like

can someone tell me about ey fcux (fortune cookie ux design)? i have an offer for operations consultant from there but im not sure about the profile growth

like

Are there any good networking groups?

I found an Austin young professionals group, but it’s almost entirely realtors and loan people. Which is fine, but I’m looking for more typical networking professionals groups.

I liked the Project management institute, but I’m looking for more. Either General professional, finance, tech, or healthcare focused ones would be ideal.

like

What are some good tech companies that aren’t the typical ones you think of (FAANG). I have been doing tech consulting (actually deving, full stack), but want to get into something more technical, and have my trajectory be product owner or architect vs business manager. Not sure I’d be able to swing a FAANG

like

Anyone have experience exiting to a biotech with no commercial products? PH I/II lead asset targeting multiple indications. Pros and cons?

like

I have a good blockchain understanding and have been taking lessons/certification courses as well. I'm looking to gain practical experience and want to pursue blockchain as a career. For those who are in the industry, what's the best way to make this transition?

like

I have 5 years in insurance sales experience, how can I break into tech industry through customer Success?

like

Currently on maternity leave from a small firm with no may leave benefits. Would love to become legal aid duty counsel to get better with life balance and mat leave benefits for kid #2. But I hear it's next to impossible to get a full time position except by starting on contract. Anyone in Toronto have any insight about becoming a family law duty counsel?

Anyone with Jamf certificates ? Is there any scope and opportunity for one who completed this course...

like

Currently a first year staff in Risk Advisory in a Mid-Tier Firm hoping to move to Big 4 for either Risk or Cyber. When would be the most appropriate time to make the change? I heard that Senior Staff in mid-tier would most likely be hired as an “Experienced Hire” in Big 4. So would it be smarter to make the move now as a first year staff since I’ll be considered Experienced Hire anyway?

like

1. What are the hierarchy leveles in ZS Associates (software development). ZS folks , kindly help me on the same. I am having 4 years of experience, what hierarchy band can i expect?

2. How much percentage is variable component in ZS? I come from ACN which has 21% vp component.
Is vp paid fully?

3. Also, how is wlb in zs, Haven't heard quite good abt zs wlb..

ZS Associates

like

More Posts

Has anyone attended the Holiday Hi-Light Festival? Is it worth doing?

like

Let's start a thread to highlight which industries and/or companies are doing right by their employees this holiday season. Share your job title and what kind of year-end bonus you are getting. (Feel free to share your company's name if you are comfortable doing that)

like

Starting a new job at Applied Materials on Monday as a Manufacturing Engineer III. I’ve been out of college for 5 years and all of my work experience till now has been in R&D for start ups and small businesses . So not only is this a new experience for me going into such a large company but also a industry (semiconductors). Does anybody has tips or advices on what I should expect as a new hire and how I can set myself up for success? Thanks!

like

How to find your legal team/ help? I am working on and iOS app and there are some legal areas I need straightened out before I sink anymore money into it. Where is a good place to find legal help

Idk, maybe it’s time we bring these engineers and techs down. If my 🧠 links to a 💻 , all of my non-billable work will come to light. 😤

Post Photo
like

New York City will never die

likeuplifting

I have selected for the senior Linux Sysadmin role in Oracle, what could be the salary expected for this role, current CTC 15 LPA and YOE 15+

like

Has anyone switched from a service based/consultancy company to JPMC? Can you please share your experience. Also, what are the differences you have observed (Good or Bad). Thanks

like

Anyone here work in the brand partnerships/media landscape? Would love to grab a coffee! My experience is primarily in fashion but I feel like I need some insight into the market here. I’m from NYC.

like

If your employer mandated you need to come in 5 days a week would you consider quitting? My situation is I live in my geographical territory and the office is 45 minutes away. No performance issues at quota consistently.

like

How difficult is it to switch from civil engineering to electrical engineering?

like

Turned away from my weekly hotel at midnight bc they can’t find my res and are sold out. Res w/ conf number actively shows in Bonvoy app, they can’t figure out issue. Platinum elite. How many points?

like

With Michael Thomas out, who would you replace him with in a PPR league today, TY Hilton or Emmanuel Sanders?

Like Sanders but worried about Brees after 4 weeks off.

like

Hi,can someone help on the monthly cash in hand after all deductions?

Post Photo
like

My job just announced mental health benefits to help end the stigma: 25 therapy sessions for employee+family a year at no cost. 🍾🍾🍾

likeupliftingsmart

Looking to get out of a firm that does majority insurance defense and into BL commercial lit. Wondering if anyone has successfully done this as a first or second year, and if they have any advice on making the switch?

like

When a company asks us to provide the offer letter we are already having , is it fine to provide it to them as it is confidential.

like

found a role i’m really interested in and came across a post about it from hiring manager with a “reach out if you’re interested”. I’ve got a few connections to the company - is it better to try to go through someone I’m connected with in a different department and try to get referred, or just jump on the hiring manager’s post and reach out to them cold?

like
like

Does anyone know what these black dots are?

Post Photo
like

Additional Posts in Consulting

What are some of the best books you’ve read about people and investing? Such as dealing with people (business psychology almost) and then investing (real estate more specifically)!

I am looking for books that give practical advice, not just big picture theory and motivation.

like

Would any delta club members like to spare a drink for my birthday flight

like

Does Accenture get a discount on the iPhone X? I talked to an MD who did... not sure if it's just an MD thing or what.

like

Do you guys have Any good books on business? Not those self help books

like

What are the best consulting companies in the US focused on Sustainability, either Strategy or Ops?

likefunny

What are the weirdest reasons you have heard for people being laid-off? I have heard someone getting laid off because they missed submitting their time-sheets for 3 times in a year.

like

I have a consulting/PE interview on Friday, please recommend consulting books or sites to read. Need to speak consulting language

like

Anyone wake up feeling like they having a quarter life crisis every two years? Woke up yesterday feeling young and wanting to go out; woke up today wanting to have a kid 🙄 wtf is going on? Normal?

like

Best outdoor or rooftop bars in SF?

like

Anybody at the Westin Michigan Ave this week? Drinks?

like

To those in non-MBB: Would you rather have an offer in hand right now for MBB or FAANG pm? Assume it’s a lateral transition.

like

Anyone else hear that post-CRT partners will get fired this year in commercial advisory? How the hell does a partner get fired....

like

If your role is being closed/being laid off (not due to performance issues) just firm downsizing, do you tell the companies you are interviewing? How to phrase it?

like

Anyone here work for both Accenture and Deloitte Federal Advisory practice? I know the practice in itself sucks, but did you have a preference between the two companies?

like

Is it fair to say that Healthcare consultants will always be employed?

like

What do you guys get your parents for gifts when they've said they don't need or want anything? My mom doesn't really have any hobbies... Or interests...

like

What are the best stocks to invest in right now

like

What are your expenses/time horror stories? Has anyone gotten fired in relation to expenses? Compensation withheld?

New joiner. What should I get with my $250 wfh stipend? I already have standing desk, dual monitor, portable monitor, and good headset, not too sure what else I need, but it’s free money. Thanks.

like

Im surrreeeee this has been covered before (sorry) but search is Tumi Tumi Tumi (are they paying ppl commission here?). How do I start small-time investing in shares? Help please :)

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal