Bain & Company PEG, PIPE, PEPI folks. How we doing? Bain & Company McKinsey & Company Boston Consulting Group

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Think things have been picking up for sure, at least compared to other sectors. It feels like a quarter of people that are doing any work are doing PE

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Ditto

PEG is a tough acronym for a practice - do not recommend trying to research it on Google

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Yeah, PIPE has plenty of available euphemisms.

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Bread and butter of MBB consulting, as those clients are the typically only ones crazy enough to pay their fees.

The vast majority of BCG and McKinsey’s business is from large corporate clients. Bain is more heavily exposed to PE than the others but they still have a large corporate business. The common denominator between PE and the corporate clients is they have high value problems where premium advice has high ROI. There are just certain problems where you want the best advice that you can buy. It’s like brain surgery - it’s not something you would consider getting from a low cost surgeon in a strip mall. The same clients that pay us for strategy use PwC instead of Grant Thornton or RSM for accounting work.

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