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Transitioning from Consulting to Private Equity (w vs w/o MBA)?

Capgemini Consulting consulting Private Equity
New answer on Nov 08, 2020
6 Answers
3.1 k Views
Anonymous A asked on Nov 06, 2020

I'm interested in going into Private Equity after working in Consulting for a couple years and I want to know

a. how common/difficult is that transition from consulting into private equity

b. is an MBA required or recommended to make that jump. If so, can it be from a Top 25 business school

c. how much does the prestige of the consulting firm play a factor

I'm located in Southern California and am considering my consulting and potential PE career to be within the same relative area.

Overview of answers

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Best answer
Vlad
Expert
replied on Nov 06, 2020
McKinsey / Accenture Alum / Got all BIG3 offers / Harvard Business School

Hi,

Several points here:

  • It's extremely hard to get the job in PE post MBA (the number of offers is lower than the number of candidates with pre-MBA PE background
  • It's much easier for ex-consultants to get operational roles in PEs than investment roles. But even ops roles are hard to get
  • After a sponsored MBA you have to stay for 2 years to pay back
  • You have to learn finance and valuation if you want to work there. No one will teach you
  • you should better get some DD experience right now at McKinsey. try to get staffed on these projects

Answering your questions:

  • It's easy to transition to a PE operating group and hard to transition into deals
  • TOP25 will not work. Its super hard even from TOP3
  • Should be MBB

Best

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Adi
Expert
Content Creator
replied on Nov 06, 2020
Accenture, Deloitte | Precision Case Prep | Experienced Interviewer & Career Coach | 15 years professional experience

Hi there,

This question has been answered many times in the forum. Have a look at these:

  • https://www.preplounge.com/en/consulting-forum/consulting-to-private-equity-3868
  • https://www.preplounge.com/en/consulting-forum/getting-from-mckinsey-to-private-equity-6590
  • https://www.preplounge.com/en/consulting-forum/moving-from-consulting-to-private-equity-6644
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Clara
Expert
Content Creator
replied on Nov 08, 2020
McKinsey | Awarded professor at Master in Management @ IE | MBA at MIT |+180 students coached | Integrated FIT Guide aut

Hello!

My thoughts on your points:

  • Pretty common, I know people who worked with me in Mck that indeed then went to PE
  • Not at all, but an MBA is used by many to shift industries indeed
  • As with everything in your CV, it´s an important thing tbh. Once you have an MBB stamp in the CV, it´s forever

Hope it helps

Cheers,

Clara

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Udayan
Expert
Content Creator
replied on Nov 06, 2020
Top rated Case & PEI coach/Multiple real offers/McKinsey EM in New York /12 years recruiting experience

While there are many answers here. What I will say is that the chances to PE are much much higher pre MBA vs post MBA. Some firms like Advent and Blackstone particularly recruit from MBB (only pre-MBA candidates though)

So if you are for example a very high performing Business Analyst at McKinsey you have a pretty good shot at PE prior to Business School

Lastly - prestige matters a LOT. You would have to be at MBB to be a serious contender for most PE firms especially as you will be competing with Investment Bankers with a lot more relevant experience under their belt.

Best,

Udayan

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Gaurav
Expert
Content Creator
replied on Nov 08, 2020
#1 Career Coach for Aspiring, Practicing & Ex-Consultants|The Only 360° Coach - Ex-Mckinsey, Certified Coach & Recruiter

Hi Anonymous,

  1. I would not say that transition to PE is somewhat difficult, it is actually quite common.
  2. Not necessarily required.
  3. As being said, a background in MBB would provide you a win-win CV and make your profile look decent.

Do you need any further help?

GB

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Ian
Expert
Content Creator
replied on Nov 08, 2020
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi there,

a. Somewhat common (as in, not unheard of)

b. Not required, but some other form of training/learning is

c. Like with anything, brand + network is what determines which doors open for interviews!

Bonus: The best way to transition from Consulting to PE is to 1) Work at a PE-focused consultancy like Bain and 2) Ensure you're put on PE-related projects (Due Diligences, Bank projects, etc. etc.)

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