Question for consultants trying to move to the buy side - would you rather take a UMM value creation role on-cycle, or wait to take an off-cycle LMM deal team role? (Assuming deal team was the originally intended goal)

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If deal team is the goal, would only go for that

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Its a no brainer. LMM deal team

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UMM deal team

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There will be MF and UMM off cycle— keep at it

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Just stay and wait for on cycle deal team roles. They’ll come up. Don’t go to a value creation role if you want deal team, it is not at all the same or remotely similar

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On the comp side - I'm seeing some larger shops offer a nice base salary with 50% bonus for Ops Team Associate (close to $250k). I'm at the post-mba level in consulting, and some of the small PE deal teams (e.g. $2B fund size) are offering less than my current role all-in as a first year (around $200k all in, maybe less). Assuming this isn't the norm at all though.

LMM deal team - with the hope that WLB is better too.

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It is better ;) at least for me

Thanks for the feedback guys, very helpful. Sadly I have minimal transferrable skills to PE (more integrations, value creation), but still trying to finesse my way into deals side. Still doing Ops interviews as well, bc ultimately I'd rather do either over consulting lol.

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^second. Frankly you can’t understand the job without having deal exp. Someone in your form probably does some CDD, find that, even just do 1 or 2 and then you can talk about those

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All off cycle so not LMM (if that's what the message is implying) -l

How do you overcome “lacking” the finance / IB background to get into deal team?

That’s funny cause I wanted to include a comment in my question to say *besides working at MBB lol

LMM deal team

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