Thoughts on switching to a small market PE shop from EY? I’ve been here since undergrad for about 2 years and have had a great time so far.

like
Posting as :
works at
You are currently posting as works at

D2 - depends on the shop you go to. If the firm is made up of entirely ex-bankers, it’s likely that there will be a misalignment between your skills and their expectations. However, there are plenty of shops that regularly / exclusively hire consultants and understand what they bring to the table and what needs to be taught

like

Going into PE is pretty tough without investment banking experience. My fiancé did Deloitte, IB for 2 years, now in PE on his second. One of his co workers came directly from consulting and is getting let go (no modeling experience or deep understanding of what it takes to buy/sell companies and manage portcos). Just FYI!

like

It can’t hurt to interview if it’s something you think you might enjoy. I’d recommend being extremely thoughtful during the process about whether or not the people at this fund are people you want to surround yourself with / work for. PE firms are incredibly small compared to major consulting firms and culture will be the difference between feeling like the job is 1) an adrenaline-rush competition sport and and 2) a meat grinder that kills juniors and mid levels without a care in the world because of how much they’re paid

helpful

Stay a while longer

It really depends on what you want to do with your career. Do you want to switch into PE or continue in consulting long term?

What group are you in at EY? Are you looking for an investment role or a portfolio operations management role? If the former, I’d jump in head first. If the latter, it’s more complicated.

@D1 - I truly love consulting but can’t imagine staying till partner. I’d like to go to bschool eventually. No specific reason yet other than for the network and great feedback I’ve gotten from mentors about their experiences. Would always consider switching to a FANG for the right role.

@BCG1 - I appreciate the perspective, seems like a lot of ex-consultants at this shop and I’ll definitely admit my modeling skills aren’t the best simply because my engagements haven’t needed them tremendously yet.

@PEY1 - I wasn’t really looking. Currently in SC&O being pursued for the latter.

You’d certainly learn a lot either way, but the answer to whether or not it’s worth it can be very different depending on the above

Related Posts

Would you leave a job at a startup who is still running on investment funds after almost 5-6 years of founding even though work environment is great?

I have been practicing in creditors rights/foreclosure in PA & NJ for around 4.5 years. Due to the foreclosure/eviction moratoriums there is no work to do and I was furloughed. I am looking to change directions- what is the most logical next move?

like

Received a buyout offer but thinking of turning it down to recruit for more growth oriented roles as that’s where my real interests lie. Any thoughts on starting a career in buyout vs. directly in growth?

like

Hi all,

Can any one let me know What is the difference between designation Associate I and Associate II in JPMC ?

Which one is better and why?

like

Hello fellow SAP Consultants!
I am SAP HCM consultant having 4.10 years of experience. I feel that this module doesn’t have any growth. My first switch took me to 9LPA from 6LPA and now the second switch is being offered for 11.5LPA where I can see my fellow friends in SAP having more than 15LPA at the same experience on their second switch itself. Should I be worried about my skillset? Any insights would highly be appreciated. I feel stuck.

like

How do I pivot from a broker to any job in tech?

like

I’m curious has anyone switched career from city planning to a consulting firm(big 4) before? A”What’s the path look like? And how big four’s consultants business different from those major city planning consultants (AECOM,Jacobs.etc.,) ? Thank you!

like

Hi friends! I’m looking for resources to help me be successful in a “Functional Lead” role.

The role is in FinTech
I’m responsible for strategy, comms and key partnerships for a bank product. It reports through Customer Experience but touches product, Ops. marketing. It’s basically a Project Manager role but more nuanced.

Anyone out there in a role like this? Any books. videos or even best practices to share?

like

How do I become an MBB employee? Is it possible to gain experience at big 4+ACN and then get referred in??

like

Moved from consulting (non MBB) to VC (investing role) recently, happy to take questions!

likeupliftinghelpful

Hi Fishes,

I am thinking to diverting my career towards freelancing in accounting.
For that I have to resign from my current job in Pwc. I am thinking of starting a job as accountant and work as a freelancer as part-time.

Any thoughts or advice?

What are some Exit ops for EY advisory PI-finance?

like

I just graduated with a concentration in Environmental Policy. Any advice for someone who is interested in breaking into corporate sustainability/a related field?

like

Has anyone bought/ done the HRCI Certificate in Diversity and Inclusion in HR Management? I already have my PHR, but I’m looking to gain more knowledge/skills and beef up my resume. Is it worth doing? The course is $239 and you get 12 Recert credits with it.

like

What’s the best way to break into life sciences VC/PE from a LS consulting background?

like

I am about to transition from being a junior partner at a large law firm (my practice has focused on private equity M&A) to Deputy General Counsel at a large-ish Pubco. I am already giving myself a crash course in public securities and corporate governance from my firm’s training materials and my cap markets partners, but I also wanted to poll the audience for other suggestions on how to become as prepared as possible for my new role please. Thanks in advance!

like

Getting ready to study for the CAMS exam. Do I need anything extra besides just studying the study guide and practice exam over and over. I’ve read online about people using AML assassin; is it worth it?

like

How common are credit checks for roles in accounting or finance positions? Will high utilization on credit card balances and low credit score be a deal breaker? I’ve been irresponsible and made mistakes, but wondering if I can switch jobs now or if I’m best off waiting 1-2 years and cleaning up my credit first.

like

Anyone here started their own government contracting company and subcontracted with other Primes? It’s been something I’m leaning towards as I’ve been building the network for it. I know it’s a bit niche, but would love to hear about other’s experiences.

like

Hello, which is more beneficial Master’s in Human Resources or PHR Certification?

like

More Posts

Hi Fishes , i have 7+ years of experience in QA...currently working in tcs. I got offer from EY GDS....i joined tcs 1 year back. I got around 30% hike and lead post in EY...My doubt is it switch from tcs to EY will be worth for me and my carrer ? EY WLB and work culutre all the cases...

like

Back to your regularly scheduled programming

Post Photo
likefunny

You may think he has nothing to do all day. But really he works hard to be adorable.

Post Photo
likeuplifting

Left a great job for higher pay. Absolutely hate the new. Has anyone gone back to their old employer? I was a very good employee, respected, and dependable. It’s only been two weeks but the new is horrendous 😩

like

Hi SGians/Fishes...I have still 29 days remaining to join SG and got a better offer letter ...I am double sure about joining SG only....does SG re-negotiates after accepting the offer letter.??

Has anyone looked into CND or FUN? I looked into DATA, IOTA competitor and looks interesting.

Thinking of buying the Caraway cookware set. Has anyone tried it? I'm not much of a cook so it seems like a great set for me (also I'm a total sucker for the design and color options). Blogs I've read have all provided positive reviews but would love to get some personal input!

like

Anyone working at a PE firm as a data scientist? Got a recruiter who reached out to me and looking to talk to others to get a lay of the land.

like

Interesting in hearing what percentage of your income you spend on mortgage?

like

This is going to be unpopular but I've stopped ironing my dress shirts since that tip about shower steaming came out a few weeks ago

Not ironing has made my Monday nights so much more relaxing

likehelpful

Who recruits for Deutsch LA?

likehelpful

Looking for a FA preferably a CFP to join our team in Columbus Ohio.

like

Any single late 20s - mid 30s women want to grab drinks later tonight?

like

So where does everyone think Messi is going? I’m guessing Man City

like

Hi Guys,

Please help me to understand my in hand salary as per below break-up....

Post Photo
like

Can I live comfortably in Dubai on 25k a month? With wife and kid too?

like

Taking a poll: reasonable or unreasonable of me to be frustrated that my company scheduled me for a mandatory 2pm-5pm company culture training session on erev Yom Kippur? Is this something I can call them out on, or is it fair game because it’s not on Yom Kippur itself?

like

What’s the best way to send a package from India to the US by mail?

like

Could anyone please share timeline after giving medical and biometrics how long it is taking for Canada Work Permit.

like

Additional Posts in Consulting

I have been tagged for this project that doesn’t start until June 10th. My utilization is going to drop significantly but at the same time the deployment team cannot present me elsewhere. Ugh!

like

Hi EY fish, what would total comp look like in excess of base salary? My understanding it would be bonus and the pension? What is the targeted bonus % for senior?

like

When you go to a team dinner and they want to order “family style”.....

likefunny

Anyone has any good corporate codes for Hilton? Downtown Chicago if you need an area specific?

likehelpful

I still can’t understand why some airport toilets are so fk disgusting

like

How’s CLT right now? Any chance my flight there will be canceled tmrw? 🤗

like

A quick note about what I’ve experienced, in my decade long career, is the real advantage of MBB or FAANG - it gives you a shot at stretch roles that are outside your expertise. Not all the time or even most of the time compared to better candidates with specific experience for the role but gives you this wildcard shot at a vast array of opportunities.

like

What can I do outside the office to boost my resume and be a substantially more attractive candidate for top consulting firms in ~12 months time. Working in disputes and valuation role but want to go into management consulting next year (post MBA role). I feel like my job isn’t enough because skills aren’t considered as transferable outside this field.

like

This is the second Four Points I've stayed in that has "Never Gonna Give You Up" on the lobby music playlist #rickrolledagain

like

What is the PCAOB? Silly accountants at it again.

likeuplifting

Investment gurus - Appreciate pointers for resources (books, blogs, videos etc.) to read up on investment strategies. Just getting started and could use all the help. 🙏

like

Any idea how much does Deloitte UK offer maximum for a senior consultant for non-London please? Just want to know how much negotiation room I have. Years of experience 11+

like

I’m surprised to have never seen a House of Lies post. Anyone else love that show? Most relatable moments?

like

There should be Ninja Awards for consultants. Excel Ninja. PPT Ninja. Multitasking Ninja. BSing Ninja. And the coveted Best Rewards Redeemer Ninja.

like

People who have made it to the perceived “top/best” place in their career field/education (MBB, FAANG, top PE fund, HSW, etc): do you feel satisfied? Have you had to recalibrate your goals? If so, what are those goals?

like

So, what happens if you miss your utilization/billable hour target by like 70-150 hours? Tons of "impactful" PRD work

like

Have you heard of going from IT/IT Strategy at the Big 4 into Finance/Banking/General Strategy in industry? How feasible is that path?

like

FRM 🐠, what is the best study materials for the exam?

like

I got offers from top consulting firms in Berlin and Amsterdam. Any ideas what factors to consider in my decision?

likehelpful

Best consulting companies with exposure to the blockchain / digital assets space?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal