PE or consulting & chances at MBB

Question

Hi community,

I consider switching jobs and would like to ask you two main questions:

1. Do I have a chance at MBB?
I have a veterinary degree, a PhD, and an MBA, my grades are ok but not extraordinary (final averages between 1.5 and 2.6 - German grades). I have 4 years of experience in big pharma, 2 years as chief of staff (I'm on the 'fast track for high-potential individuals', have direct reports, worked on/led digitization, carve-out, integration and reorganization projects). Before investing time and resources into applying to MBB and preparing interviews, I would like to find out whether I have a chance at all with my background. Am I a candidate they would consider?

2. PE or consulting?
I have recently completed my MBA with my thesis on a PE topic; when I told my professors my intention was to switch to consulting, they strongly advised me to revisit my plans and rather explore PE instead. Their reason was that consultants have difficulties finding a job with equal responsibility and comparable conditions when moving (back) to industry - they specifically talked about MBB. I assume in PE I would rather fall in the operations area having industry experience rather than a financial background. So I wonder what your thoughts are on PE vs consulting, more specifically
- why did you chose consulting over PE or vice versa?
- which one provides better exit opportunities?
(I have googled and read a lot on this topic, I am interested in your personal views)

I would be grateful to hear your thoughts!

Thanks!

Answer 1

Hi there,

I honestly can't speak to point #2 in regards to you fitting well in PE specifically, but I can tell you I think you could make a great fit for MBB!

MBB actually loves the "quirky" backgrounds, especially if there's substance to back it up. I love that you have a vet degree and a PhD (At BCG I knew an ex-professional flautist, ex-professional violinist, ex-Dentist, etc.).

Moreover, you've done an MBA AND have managed big, consulting-like projects.

You're honestly a great fit....on paper at least!

Now, you may have to take the specialist route, especially if you'd be applying at the project lead level (which I think you would), but you could also potentially go Generalist as well.

I say go for it!

Answer 2

Hey A!

As Ian explicitly commented on the first point, I would add to the second one.

It's easier to get from Consulting into PE than vice versa. But there are slightly any other differences except from, probably, better structured work-kife balance at PE. So if I were you, I would enter MMB first of all and then transfer to PE if needed or wanted.

Otherwise, don't hesitate to write a direct message in case you need help!

GB

Answer 3

Hello!

Cannot say much about PE, but for sure in MBB you would fit!

Feel free to send me a DM, I also have an "unsual" background (Architect) and went to McKinsey after uni. I have also coached a few unconventional profiles, and it can be an advantage if you play it well ;)

Hope it helps!

Cheers,

Clara

Answer 4

For consulting / MBB, absolutely! Especially with an advanced degree and an MBA plus relevant and strategic work experience