Honest question. Why did you not go to a PE? Do most not join PE because they couldnt?
I get those going to Corporate Strategy or Start-ups for WLB or an impact. But those remaining at MBB with high work preassure, did they not go to PEs because they never had the chance?

I have always asked this especially with MDPs... They are good, but PE would be less hours for more money

Curious to hear your Inputs

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Posting as :
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It’s another level of grind at the big funds. No protected time at all really. Def some sweet mid market gigs out there but I’m not sure the hours are lower?

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Mix of:

1. Not having a chance / not pursuing aggressively and the # of seats is significantly lower
2. Diff job fundamentally - one that has a lot more direct ownership in results. Some don’t thrive in that
3. Consulting is more academic which is better suited for folks who are a bit more nerdy on average

I know MBB folks like to think that they understand a PE partners job, particularly if you spend time doing CDD & portfolio value creation, but it’s such a small portion of the job. There’s a lot that consultants don’t see.

Selling an engagement is much easier than sourcing the right deal. Usually only a handful of deals that make (or break) an investors career over a decade / decade and a half at least

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F

Consulting is more varied. The problems are more complex. It’s a more academic discipline. It’s also complete horseshit and detached from reality more often than not.

At a senior level, the comp is probably on average not wildly different. Far more lumpy in PE though, where in a bad your you might take home very little, but average year will surpass an MBB partners good year

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