Consulting Exit Opportunities

Genuine question - what are the good resources to get to know VC/PE ? Hear people talk about them but I don’t actually have a good idea on what the junior ppl there actually do and how to get in

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Definitely do NOT tell a manager or partner unless you’re 100% committed to leaving. There are a couple head hunting firms (Charles Aris, Dynamics, HSF, GoBuyside, BellCast, Ex-Consultants Agency, and a few others I’m forgetting) that help place consultants into new roles, including PE. Make a profile on their website and schedule a call with them to learn more

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Hm, disagree. Not sure how chatting about exits is going to hurt you. We’re not sitting in consensus scheming against associates thinking about an exit.

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OP - street of walls guide is pretty good. Recommend Kings of Capital as a fun read. Make sure to subscribe to Axios, Dealbook, and Pitchbook. M1 - I personally find investing to be a highly fascinating career, more so than I did consulting. Hours are also generally better. LEK2’s comp numbers are pretty solid, but the real delta is in long term comp - carry and co-invest economics are very powerful at the post-MBA level (not to mention the $350k starting cash comp at middle market funds; megafunds are of course higher in cash but potentially less in co-invest).

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May be worth talking to some partners or senior managers. Many have relationships with funds or have seen associates leave for PE/VC.

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The best sources to learn more about PE / VC are current associates, particularly former colleagues and other ex-consultants who transitioned. My preconceived notions of PE before going in weren’t wrong per se, but they were definitely incomplete.

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Thank you - that’s helpful. Can you give some insights on what (if any) website / books that were helpful for you?

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Why does everyone want to go in to PE / VC? How good is the compensation or work hours that drives people there ?

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Speaking to PE: For associates, base is ~$90-$120k and bonus is 50-100% at middle market+ firms. Total comp can be as high as $300k for associates at the largest firms (although no consultants are going there). Hours range heavily, but smaller shops can have average hours in the 55 range. You’re also getting a full picture of the ongoings of multiple businesses, rather than just doing a small sliver of consulting work. Which is objectively better experience if you plan to be C-suite one day. There are several PE comp reports available online.

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