What do you do in “PE”?

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Lever a company up. Pay down the debt with steady cash flows. Operational improvements (merge it with something else, top line growth, Fire ppl). Sell the company when the debt load is lower for same or higher multiple and make a fuckload due to the leverage

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Buy a company for $X, rip out cost (including headcount), make some operational efficiency improvements, sell company in 5-7 years for $3X.

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So PE is very similar to consulting in a way?

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Somewhat? Maybe in terms of high level questions if youve done DD work. Functionally, not really - think it’s rare that you’re doing balance sheet and debt modeling in consulting

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What about in practical day-to-day as a worker? Seems like Excel work.

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Lots of excel, PowerPoint, client interviews, industry benchmarking

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Models and sourcing

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Sourcing and excel as an associate, with mgmt interviews, research, slidemaking to a lesser extent.

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What is management consulting?

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Which one should I join? If you say the second one will there be legal complication if I decline IBM's offer after accepting?

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It throws me off every time my co-worker tries to make me feel dumb by saying:
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