I'm currently an analyst at Huron Consulting Group and am interested in going into Private Equity. Given the competitive atmosphere behind PE recruitment, how can I stand out since PE prefer consultants from larger consulting firms (MBB or Big 4) and banking backgrounds? Should I apply to MBB first and then go into PE? Would getting an MBA while working at Huron help my chances?
Get Active in Our Amazing Community of Over 451,000 Peers!
Recommendations on how to transfer from a mid-tier Consulting firm into Private Equity
Overview of answers
-
Upvotes
-
Date ascending
-
Date descending
I am very familiar with Huron.
The reality is going from Huron to PE is severely limited - you would most likely have to only look at healthcare funds and even there you would need to look at the lesser known ones as the others have their pick of candidates.
Going into PE at this point would require an MBA. I would NOT recommend doing a part time or executive MBA, those are not great for MBB. Aim to go to a top 8 full time (2 year) program in the US and you will have a good shot at making it into PE.
Best,
Udayan
(edited)
Hey, this move will be very difficult at this stage from Huron and also given COVID uncertainties. Consider following options:
- Stay put for little longer at Huron and try and get into a large deals project over next 6-9 months and move into a smaller/boutique PE firm after
- Apply for MBB or Finance Strategy/Deals teams at Big4/Accenture and get into bigger PE after a few years. Also have a look at Accenture Ventures (their inhouse PE arm)- Accenture is very big on internal PE deals i.e. they are acquiring companies all over the place
- Getting into a high perfoming start-up or tech firms (Salesforce etc) can also be great route into PE after few years
I will advice against an MBA unless its from a top 5 school which will open PE doors for you.
Good luck!
You could try working on deals/due diligence work at Huron or the Big 4. Alternatively, working in the PE ringfence in MBB would be an attractive entry route into PE.
Hi there,
First: I would not recommend going into MBB just to then transition into PE. Seems far too roundabout of a path!
Now, how to do this directly? I have a few tips:
- Get put onto PE/DD cases at Huron (if possible)
- Get put onto any form of work that has anything to do with PE
- Get an MBA
- Get certification/education in anything PE-related (valuation, etc.) - Aswath Damodaran (the king of valuation) has a $2k course at Stern, for example
- Network aggressively with PE firms
Some additional Q&As here
https://www.preplounge.com/en/consulting-forum/from-strat-to-pe-6962
Good luck!
(edited)
Hello!
A priori I would agree with you that others may have better cards, but yours should not be bad either tbh.
First of all, the key is exhaustive prep for the interview, which is modelling and math heavy.
In order to have a more appealing or aligned profile, you could always do an MBA, that is one of the classic ways to change carreers. However, I have never been a fan of doing an MBA only to secure a job offer that you don´t know if you will get at the end.
Hope it helps!
Best,
Clara
Hi,
Only top MBAs can really increase your chances (I doubt that you can do a top MBA and work in parallel).
What can really help you is networking. I would try to find a partner to work with and do some project work for free.
Best
Hi there,
I agree with Udayan.
Based on my experience, I can point out a couple of factors that could help you sell yourself to PE:
- Master your financial modelling skills
- Train yourself to spot/calculate the eventual value
- Broaden your perspective and start think bigger regarding your actual cases, since PE's projects are usually wider
- As a result, be ready to give up on quality in favor of quantity.
Hope it was helpful. Any questions left?
Best
GB
Hi there,
The MBB brand would help for sure. To maximize your chances while working there you should:
- Ideally be staffed on due diligence projects
- Find an internal referral (you can find more on referrals here: https://www.preplounge.com/en/consulting-forum/hey-everyonehope-all-is-well-3176)
If that doesn't work, you may target a top MBA after MBB to have another chance applying after it.
Best,
Francesco
Related Articles
Consulting Career Path
BCG Case Interview
Consulting Industry Trends in 2023
What Is Management Consulting?
MBB Target Schools in the US
PowerPoint for Consultants
Working Hours in Consulting
M&A Consulting
Roland Berger Consulting Case Interviews
Free Guide to OC&C Consulting Case Interviews
Management Consulting Firms in Singapore
Consulting Lingo
Consulting Recruitment
Work-Life-Balance in Consulting – Everything You Need to Know
Coffee Chat Questions in Consulting
Consulting Survival Guide
Excel for Consultants
The Pros and Cons of Working at a Top Consulting Firm
How to Get a Consulting Internship - Tips and Tricks
Start Your Career in Consulting now
Consulting Salary in Australia
Overcome Your Weaknesses with ChatGPT for Your Consulting Career
What Is Sustainability Consulting?
Consulting Salaries in France
Become a Top Consultant: The Consulting Recruiting Process
Well-Known Tier 2 Consulting Companies
The Role of Diversity and Inclusion in Consulting
The Most Interesting Consulting Firms Besides MBB
What is Automotive Consulting?
Consulting Salaries in the DACH Region 2024
Consultant Salaries in Canada
What Is Change Management Consulting?
The Typical Terms in Case Study Interviews for Consulting Firms
What Is Leadership Consulting?
Remote Consulting: The Change in the Work Life of a Consultant
The Resignation Letter in Consulting
Is Doing an MBA or MiM Worth It For a Consulting Career?
10 Rumors About Management Consultants
Restructuring Consulting – What is it?
16 Personalities Test
Mastering Communication Skills in Consulting
Stay informed and navigate the future of consulting with confidence.
KI revolutioniert die Beratung! McKinsey, BCG, Bain und EY gestalten d
Smart Solutions for a Sustainable Tomorrow: AI in Consulting
What Are Decision-Making Frameworks And Why Are They Important?
Consulting Salaries in the United States 2024
Top Consulting Firms in the US - Best Firms to Work for 2024
Are you ready to embrace the next era of consultancy?
Top Consulting Firms in Germany - Best Firms to Work for in 2024
What Is The Difference Between Sustainability Consulting And ESG?
Related Cases
Related Case Interview Basics article(s)
The PESTEL Analysis for Consulting
Unlock the potential of PESTEL analysis to drive success and thrive in the dynamic world of consulting.
The Capability Maturity Model (CMM)
Discover the CMM framework and its extension to the Capability Maturity Model Integration (CMMI), focuses on improving processes within an organization.
The Role of the Hypothesis in Consulting
Explore how hypotheses serve as guiding lights in the dynamic world of consulting, leading to innovative solutions and transformative outcomes.