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Chief
If someone from MBB moves to GT, they weren’t likely going to cut it at MBB
Chief
@Dir1: I don’t think we’re saying very different things… perhaps wording is different but the idea is the same.
MBB leaders shift to B4 because they are either unable to get to partner level at MBB or cannot sustain the level of WLB imbalance at MBB at that level.
Either way, they aren’t moving out of MBB because of the quality of talent elsewhere.
Having ex-MBB leaders (and insignificant amount of home grown leaders) among your executive team tells me that your overall talent level is mediocre.
I doubt they’ll take any meaningful share beyond some immediate partner / MD connections, especially with Bain, LEK, and EYP taking so much of it and being established in the space already
Pro
I think it means they’re serious about it and willing to invest. I think Walmart did something similar to setup their FS team - poached and paid top dollar from IB.
Pro
Same thing happening at Accenture I hear
What is this new PE practice? A specific service offering?