PwC Deals Strategy

Deals Strategy
Neue Antwort am 10. Jan. 2021
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Anonym A fragte am 8. Jan. 2021

Dear forum members: could anyone share their experience or view on PwC's deal strategy practice? According to the website, "PwC's Deals Strategy team supports private equity and corporate clients. Service provided include initial investment strategy development, commercial due diligence, value creation post-close and exit, etc." I have 3 specific questions:

1) Is it a good place to develop skillsets and project experiences in order to jump to MBB in the future? How does MBB firms view big fours' deals strategy practice?

2) Does this practice focus on both "strategy and finance"? I would imagine finance skills are quite important in this practice given that projects seem to be M&A related and clients are PE firms.

3) Will MBBs corporate finance or PIPE practice highly regard the experience at deals strategy? It seem to me that the service they provide is quite similar.

Appreciate your sharing!

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Ian
Experte
Content Creator
antwortete am 8. Jan. 2021
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

1) Yes. There are a number of transferable skills here. Of course, this isn't a silver bullet, but you can indeed leverage this experience to support a move to MBB

2) Yes

3) Relates to #1. I wouldn't say "highly regard" but yes this experience does indeed build your story for a shift to MBB PIPE

See below for some additional information:

What to expect in general

You should absolutely expect cases/questions to be much more deal focused. As such, you should practice M&A/DD cases.

Furthermore, they would absolutely expect you to leverage your existing experience in your answers.

Finally, I interviewed with PwC in their Technology practice and I can tell you that it felt much less "case-y" than the pure strategy firms. As such, just be prepared to not be taken through a whole case. As an example, off the bat I was asked "How would you organize a backlog of IT enhancements". Of course, I used my judgement to not treat it like a case and just went through the classifications/process I would use and why. Make sure to read the cues here!

How to Prepare

1) Search on M&A/Acquisitions/Valuation here (already done): https://www.preplounge.com/en/management-consulting-cases?language=en&topic[]=1&topic[]=19&sort=real-case-desc&page=1&perPage=20

2) Google and casebooks are your friend. For example (https://managementconsulted.com/case-interview/case-interview-examples-master-list/)...go to the various company sections to find M&A cases

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Clara
Experte
Content Creator
antwortete am 9. Jan. 2021
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

I did a lot of M&A back in the day in McK, and we used to work a lot with the PwC team that you are recalling.

My thoughts:

  1. Yes, sure. Tier 2 is always a good step forward to MBB
  2. Yes, indeed, that would be an advantage, since it´s closely related to the topic they cover
  3. Unforutnately, I don´t know

Hope it helps!

Cheers,

Clara

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Antonello
Experte
Content Creator
antwortete am 10. Jan. 2021
McKinsey | NASA | top 10 FT MBA professor for consulting interviews | 6+ years of coaching

Hi,

Answering point-by-point.

1. Yes it is. It is relevant experience for you also on the eyes of the top consultancies.

2. Yes it does. Both aspects ar relevant on the job. I don't expect they'll require complex/deeply analytical competences when applying. And I think they won't be needed once hired (e.g. modelling LBO transactions, etc.).

3. It is relevant experience, so they'll take that into consideration when you'll apply.

Hope this helps.

Best,

Antonello

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Anonym antwortete am 10. Jan. 2021

Hi,

1. Yes. It is a good step forward and I've seen this happens many times
2. Yes. During my time in Strategy& I collaborated with them several times and their scope always focus on the corporate finance aspect
3. It will help in getting an interview, but you still need to pass their case interview

Best,
Iman

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Gaurav
Experte
Content Creator
antwortete am 9. Jan. 2021
Ex-Mckinsey|Certified Career Coach |Placed 500+ candidates at MBB & other consultancies

Hello there!

I would give "yes" to all the questions:

  • it's totally possible to jump to MBB having gained the needed skills
  • the focus is on both, finance skills are highly relevant
  • such experience is regarded (probably not highly)

Preparing for the regular case interviews would help a lot, though there are some nuances Ian has mentioned.

Cheers,
GB

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Adi
Experte
Content Creator
antwortete am 9. Jan. 2021
Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

Totally agree with other coaches's comments.

Also, generally you wont go wrong with the Deals practice of BIG4- its sort of their DNA trickling over from their audit practice.

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Vlad
Experte
antwortete am 8. Jan. 2021
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi,

1) Yes. It's a client service business with a relevant skillset. Thus it fits for MBB

2) Seems like you have two questions in one. It's more related to finance and modeling and you need to have corporate finance knowledge

3) They will, but I would not put stakes on that. The hiring at finance practices is limited and it's more likely that you'll be hired as a generalist

Best

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Ian

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