Has anyone moved from MBB to PE ops and regretted it? Expecting to get an offer for ~1.5x current comp and seriously considering it.

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I made the move and don't regret it at all. Only reason IMO to not move is if you see yourself more as an advisor vs an operator.

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Don't you mean as an advisor rather than an investor?

What MBB practices can lead to a PE ops exit? Generalist work or PE work specifically?My understanding is that a lot of the PE work would be DDs so not sure how much that translates to an operational role

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Left McK Implementation for PE ops. Was a perfect fit with only upsides. Leading large scale transformations and having several specific functional spikes makes the transition setup for success.

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I hate BCGs brainwashing… there’s no reasons not to take a PE offer for 1.5x, unless you feel confident about freewheeling the consulting Ponzi scheme or somehow you’re disturbed enough to love the the “punching bag” advisory life forever

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Continuation funds like those done by Clearlake is pretty ponzi

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I made the jump and love it. Better hours, better comp, more flexibility, more end to end work, etc. It’s all around much better. No regrets so far

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LMM PE Ops Here with (Yr1) $300+ annualized comp and carry of ~$800K on a portco that exits in <3 years. Non-consulting/IB. I am a functional expert post-MBA. Will roll onto new portcos after this exit. Much better than grinding out at UMM for five years before getting equity at one PortCo only.

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Dude take that right now

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FYI offer came in at over 2x my BCG TC and I accepted

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Sure

Advising sucks

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The description is good. The work is shit.

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I left as a Principal (level below partner) to be an exec at a MF PE portco where I lead strategy and M&A for a division.

You could take this PE ops role for 4-5 years and then go to a portco. We get salary and bonus plus profit interests in the fund that we either cash out at exit or roll over equity at ground level into the newco at recap by a larger fund.
And as someone else pointed out, this all taxed at capital gains.

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Fantastic idea, this is my current plan.

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I made the jump from deal team to ops - I don t regret it necessarily but it’s been more difficult than I imagined

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Same SA1 would love to hear about the difficulties and your reasons for the move. Happy to DM you.

I think the only reason to potentially NOT take it is if you are guaranteed to make MDP at BCG AND the PE firm is doing bad and can’t raise another fund

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Good branding too. Some have bad WLB and culture but a stint at Apollo or KKR or BX etc is not the worse thing in the world

OP - congrats! 🍾
To the “no carry” critics: OP just doubled TC while working the same hours. Sounds like a good trade.

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Congrats OP. Carry will come in time. I assume you got leveraged co-invest though? That’s where I’ve seen the real wealth building opportunity

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Also curious about this

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What fund?

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How big is the PE Ops job market in Boston?

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Berkshire, Charlesbank etc

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Would it be better to make partner at mbb first, then lateral in as partners to PE ops?

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The higher up, the harder to lateral. While yes, partners do lateral, this is like N=1 a year

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What level?

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Did the same. Never looked back - in almost all regards it's been a great move

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