Related Posts
What is salary range of lead associate in EYGds?
Best way to get a consulting job in the U.S?
Hi fishes, How is WLB, Hikes in company @dell .
Hi fishes, Can anyone provide me info about GyanSys Inc , I'm in discussion with Gyansys about salary.
Current skill- SAP PLM Consultant
CTC is 14LPA (12.3F +1.8VP)
YOE is 6yrs.
CL-9
Is asking 22L as fixed pay okay? if not, what compensation shall I ask HR to consider ?? Thanks in advance for help🙂
More Posts
Coach
Mentor
Additional Posts in All Things MBB
Is firm travel back up to pre covid levels?
I’m exhausted from interviewing and caseing 🥵
Coach
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
Subject Expert
Bain is certainly the traditional leader but if you want to do nothing but PE at BCG, it’s very easy to do
PE is going absolutely bonkers right now. Generally involves very little travel but also generally the highest burn both hours and brain utilization wise. Team leads and partners might have a few days trips spread around too for larger meetings. Junior team usually near-zero travel.
Bain built the space and has much higher share than competitors, but all three have practices.
Fair warning - it is also the most cyclical part of consulting. Insanely busy now… but collapsed to almost zero last March/April.
Such a weird rumor I keep hearing on this app that BCG does primarily sell side DD work. Just not true at all. I’ve worked in our PIPE practice and it’s almost all CDDs.
Mentor
I cannot even begin to tell you the amount of private equity work we are doing right now
At McK, do you have to be in a certain practice to get on PE projects? Or, can someone from M&S do it too? Is it consistently 80 hours/week?
Advising PE clients is crazy hard work...
I wanted to specialise in PE early on in my career back in consulting and partners are very happy for me to do that.
I got what I asked for and did 5 back to back DDs in half a year and a few optimisation projects for PE owned firms. That's when I know it is probably not what I want.
The hours are brutal (65-80 hrs week are the norm for a 3 to 4 weeks DD) and after a while, the work isn't that interesting to me.
If you really want to go down the PE path then I would suggest going into IB. It will help you build the technical skillsets on deals which is what PE usually looks for at more junior levels.
Lots of work on the one project you’re on (until partner; then you usually start juggling a few)
At least at Bain, PE is a very good choice for low or no travel
Mentor
yes, we’ve been catching up. any MBB would be great for building a career advising PE clients
The gap is closing and Bain is about half the size of McKinsey & BCG (BCG is now prob 80%+ size of McKinsey and growing the fastest of the 3). So even though Bain may have been the traditional leader in terms of its portfolio focus on PE, in absolute $ terms they may not be much bigger or could be smaller in terms of market share).
Yes to Bain being Market leader, but McK/BCG do work in the space too. Yes to it being more local and predictable than non-DD cases.
Because Bain had the first mover advantage, there is a lot of proprietary IP and knowledge within the industry that clients come to us for. But that’s not to say that McK or BCG are weak.
Coach
FWIW, my firm (PE) hires Bain and McK for buy side DD
Is Bain’s PEG and BCGs PIPE focused exclusively on CDDs? Haven’t seen them much in buy side PE Ops diligences (cost savings, Ops value creation etc.)
We've started to do more ops DD but historically they have been at a lower price point so hadn't dipped our feet in much.
Last three cases have been DD/PE work. Pipeline is going nuts