Currently at T2 Strategy. Nearing the final rounds for MM PE and MBB. Which to pursue?

like
Posting as :
works at
You are currently posting as works at

You should definitely take PE. It is almost impossible to join a PE firm post-MBA without prior PE experience.

Even Project Leaders at BCG who lead multiple DD and growth strategy projects for PE firms have nearly zero chance of joining the investment team ever.

PE has very narrow openings and is quite rigid in terms of the pool of candidates they consider.

You can work for MBB at any time and with any background. And I will note there’s a reason MBB associates are breaking their neck to exit to PE and not the other way around.

likehelpful

This is very true

Your chances of PE roles out of school are 0% (even at HSW) unless you have pre-MBA investing experience

The myth of b school is that it usually enables a slight transition, not a 180*, unless for certain industries that don’t care about your prior background (like consulting). Nothing wrong with that - just know what it means to do PE now vs “maybe later”

likehelpful

Take the PE job. You can go to an MBB at various points in your career. PE is extremely difficult to enter unless you go in now.

likehelpful

Why not get offers first and decide? Both are different and none will guarantee M7

If you want Pe in the future then it’s the way to go.

like

S1 - I would argue they may be outliers or applied under 2 years. In the US anyway, my entire start class that applied after the first promotion got into multiple M7’s. I’m struggling to think of even one person from undergrad at mbb that couldn’t crack M7

like

But sorry disagree with BCG1 on reneging. You can renege an MBB offer, but finance bros can be vindictive and is a much smaller street. Understand the double standard here of the firm can fire you at any time...but with that said reneging an offer is viewed extremely poorly in finance and word can spread. End of the day you gotta do what you gotta do, but strongly preferable not to renege.

likehelpful

Agree with Principal 1, PE is a very small space. Everyone knows everyone, if a candidate reneges, it’s very easy to spread the word.

Not to forget the Headhunters will get bashed for bringing in a candidate who had potential but eventually moved to a different industry altogether, which would make the HH look bad in the eyes of the shop/s, which can lead to a blacklist.

likehelpful

If your end goal is PE, take the PE offer no doubt. MBB will always be there.

likehelpful

As someone who was in the same T2 boat almost 2 years ago I chose PE. I would say, assuming the fund is of a certain size ($1b aum+, writing 100-300m+ checks) and is in good standing (no fundraising blow-ups, major turnover) - you should take the PE offer. After exiting consulting at post-MBA level and doing an associate stint - I know I can lateral easily to MBB as a PL - the PE bona fides are very rare in consulting. However, you should make sure PE is for you because it is a true meat grinder with little of the touchy feely stuff we are used to in consulting. If the fund is LMM or first time fund I would take MBB. As mentioned above you will have 0 shot at PE after an MBA.

likehelpful

Another vote for PE here. If it’s something you want to do after MBA you really need the experience now (or IB). You can always go to MBB post MBA or even later in your career. Not so with the investment side of PE. This is an easy choice - no question!

helpful

PE

helpful

MM PE is an investment role that offers 40-60% higher TC but it is a fixed two year role with no guarantee of continuation.

MBB has faster career trajectory / wider exit options but likely decrease or same comp due to leveling down.

Potentially looking to do a M7 MBA down the road as well and PE in the future. However, not sure whether MM PE will guarantee my chances for either one. I heard that the PE bucket is very competitive bucket.

Looking for advice as the PE offer will be an exploding offer. So I will have to make the decision before I have my final rounds for the MBBs.

Unfortunately, having all the interviews this week is not an option because of the amount of prep that is required.

Take the PE offer initially. Because there’s a high chance that you won’t even get the job at MBB.

You can always renege later. And don’t feel bad about it. Companies don’t hesitate to layoff people or fire them for poor performance, when a life crisis happens.

Employees should give companies the same loyalty they offer.

likehelpful

Related Posts

like

I’m in Deloitte human capital and want to eventually (but sooner rather than later) move to industry doing internal talent/people stuff. My coach recommended getting SPHR or equivalent. Thoughts?

Is it rare for someone from MBB to move to big four?

like

Hi Fishes,
Just curious to know if a PRINCE2 certification is worth doing for a PreSales guy? Any insights would be appreciated.

Anyone move over to a portco role at a more senior level? Positive or negative experience?

like

Why is it so difficult to make the next career move within your OWN company. I have over 7 years of experience across multiple departments and yet an external company is more willing to give an interview to select roles than your own home company for the same role internally!!

Where is the loyalty in that !!??

like

Is there a way to go into an AE role with just SDR experience at a different company?

like

Anyone in this bowl did the CAMS exam? If so, is this an exam that can be passed without AML experience?

like

Hi all , I am currently working at Deloitte as a QA lead . I manage a team of 10 . I want to break into roles at meta , google as a program manager / project manager ?

Are the six sigma certs actually worth it to do?

like

Hi,
I have an offer from Shell India Markets Private limited. Can anyone share me details about WLB, Career Growth, Hike and other important aspects that i need to consider.
Any inputs are highly appreciated. Thank you

Role : Software Engineer - Endur
YOE : 2.1 Years
Tech Stack : Core Java, Spring Boot, Sql

like

Any Certified Revenue Cycle Representatives (CRCRs) here? What did your career path look like? What do you like about revenue cycle work? Looking into this role and would love to hear more from others in the space.

like

Hello,
I’m a junior data scientist and in my current job I mostly code using Pyspark (no machine learning) so I would like to work on a side project that could leverage my profile and data science/ML skills. What project would you advice me to work on ? (it can be a kaggle project, or a classic task that you do at your job, or a paper that you read).
I’m overwhelmed by the many suggestions online and would prefer to get a suggestion directly from professionals.
PS : I’m not a beginner.

like

After completing AZ900 certification , what should be the next certification I can prepare for ?

I am project manager in clinical research industry (CRO). After earning PhD, I gave up my science dream to take a more stable job. After slowly climbing the ladders, I feel like I finally got a seat at the table. Half the days I like the hustle, but now I miss being creative. I want to take more brainstorming, decision making responsibilities but I don’t see that in the career path for PM. Career path usually goes like this- Sr PM, Director l, Sr Director, and so on. But all do same work.

like

Hi all,
Currently im working for BNY Mellon but im seriously looking for a change now. I do have around 6 years of experience in investment banking. Can someone reffer me for TL role in ur organization or throw in some good ideas for my career development? Thanks in advance guys... You r d best....

like

Are there non-FAANG companies with comparable compensation & WLB? It seems impossible to break into FAANG.

likefunny

I spoke to HR about green card sponsorship. Requirements are at least a level 9 aligned to something that is in demand (Sap/oracle) Any experience in sponsorship without alignment to SAP/Oracle?

Hey all, I would love some advice - I have been in healthcare for 10 years and recruitment for 4. I am looking to transition into tech recruitment but it has been difficult. Any advice on how I can start developing skills to make me more of a viable candidate?

like

Hello everyone. I am a student with a strong GPA and internship experience but am worried I will not make it through the initial screening process to become a MBB analyst as as I do not go to an Ivy League school. Does anyone have any tips for standing out in the initial selection process?

like

More Posts

Realistically when can I expect to hear back after an interview? I don’t know why I just figured you hear back within a couple days but it seems like that may not always be the case?

like

What is the career ladder at Accenture Strategy & Consulting-Capability Network
I am joining at Analyst level currently, in how much time I can become a Consultant. Yoe: 5.5
Also how are the appraisals?

like

Any recommendations on how to prepare for a final behavioral interview with BCG?

like

Currently in discussion with Cisco for Renewal Specialist role. I’m uncertain what’s a good base salary to request. I have an offer that’s much higher than what I’ve seen on Glassdoor search for this particular role. Can appreciate some guidance. Thank you

like

Quick question - are online coding schools worth it? I’m thinking of a career change and I’ve thought about a coding Boot Camp but saw an online full stack developer course by mammoth interactive. Would I be wasting my time and money with something like this if I wanted to go into an industry as a coder? Or should I just go back to school?

like

How much salary hike will TCS give to 6 yrs experienced candidate

like

What TV show can you watch over and over and not get tired of it?

like

Currently working in a Management Consulting role in Big 4 (not front office). Got an offer from Product Based company that is more of value consulting and business development role. and Its a new team catering to Partner ecosystem of the company. I am doing good in my current role.

Any insights or suggestions would be greatly appreciated

like

I work remotely for a series A start up, TC is about $115K + equity. I work approximately 30hrs a week in a busy week, only meet with my boss and team once a week. I just got an offer for $140K + 4X the amount of equity I currently have… however, not sure it’s worth letting go of the incredible freedom and work life balance I currently have. Any thoughts to help make the decision?
PS: I love our product, but not as passionate about the other startup

like

Anyone have success cold applying for VC roles and not in MBB? Just submitted an app last week and they should be reaching out this week, but I’m not sure how long to wait before giving up…

like

We have immediate openings for "Oracle Financial Accounting Hub(FAH) Module"for Bangalore/Pune location.
DM me for referrals.
Exp Range - 4 to 15 Years

I feel at a loss at my company's direction for the next few years and it's making me so stressed about my future. I wish leadership was more clear + I had more of a voice but I feel like a tiny cog in a machine that's warp speeding towards a giant ? mark in an industry in constant turmoil.

like

Hi everyone,

I'm currently serving a notice period with my current employer. I've technical skills in Big Data technology (PySpark, Hadoop, hive Impala, SQL), Unix Shell Scripting and CI/CD tools Jenkins RLM currently looking for a job switch.

Any opportunity/referal is appreciated.

YOE:2.2
CCTC: 4.28, have in-hand offer of 7.26
ECTC: 9 LPA
NOTICE PERIOD: 75 days

Thank you!!

like

Black, Brown, Asian, Latino, and all other minority men - what's it like being with a white girl? Been in the US for a long time and find them really attractive but never clicked with any of them, we just dont understand each other enough to carry out a relationship - whats it like being with them, pros, cons, compromises?

likefunny

Are any of you right brained and ENFP? Do you struggle with this profession?

funnylike

Any NY employee benefits and executive compensation folks with 1-3 yrs of experience interested in lateraling to my market v40 firm? Deal experience preferred. DM me and we can talk

like

How is Salesforce development as a
career. What are the prospects/Exit
opportunities 6-7 years down the line.
CCTC: 9LPA YOE : 2.3 years

like

I'm a noob with bonds, can someone break down ibonds for me in idiot proof language?

Per what I'm reading the interest rate is 9.62% if I buy through Oct 2022. It's a 30 year investment, but I can withdraw after 5 years without 3 month penalty.

Questions:
(1) Is the interest rate fixed or variable over the term of the bond?
(2) Assuming 9.62% is annual return but definitely want to confirm 🤣
(3) Do most people actually keep it in 30 years? I'm looking at 5 years for now and re-assess

likefunny

Someone send me this. I hope this wasn’t on LinkedIn! But good for them.

Post Photo
likefunny

Additional Posts in Consulting Exit Opportunities

Just set a phone screen with a recruiter from Asana for a strategy analyst role… anyone here have a sense of what the general hiring process looks like for that? I see something about a take home case on Glassdoor, but I can’t find much more.

helpful

I know there are nuances to a question like this - look for general directional answers, please. Wondering how much $ you’d need in SF to maintain similar lifestyle as $150K in TX. Thanks!

funny

Tech company I’m interviewing w/ asked for career history w/ name & contact of immediate supervisor, & if I’ll help set up reference calls. Don’t want my boss to know I’m interviewing. What to do?

like

Exit interviews- are they a trap?? I’ve heard that they can be used against you in the case of a lawsuit. Should you refuse the exit interview?

like

I have 5 years of experience as an rpa and workday developer. I do not want to be a developer anymore. What are my options?

like

Any 1 page resume template recommendations?

like

Is it a good idea to add your recruiter on LinkedIn after you start with the company?

like

Best books about product management for a good exit to industry? I already have an MBA and PMP but looking for a refreshed perspective since it’s been years since my formal education.

Currently reading “Product Managements Sacred Seven” but it’s geared toward the startup world. I am in healthcare and not looking for a startup role. TIA!!!

like

Do tech roles pigeonhole you? For example, if If you start in non-tech product marketing mgmt for b2c retail, will I get stuck in b2c/retail, and can't switch to b2b cloud or ads later?

like

What can ex-consultants (MBB generalist) breast exit to in the video game industry? Any personal examples?

likefunny

How long do you all think this hot hiring market will last? Obviously these are pure speculations.

like

Folks who moved from MBB to a top-tier tech firm (E.g. FAANG): how does the talent compare between the two?

like

Anyone exit to become chik fil a franchise owner? Worth it? Testimonials?

like

Anybody else have problems when applying to Meta opportunities on there website? I get to the experience and skills section and it is constantly saying “Dates must be in the past” when im doing that already!

like

Anyone have any insight on Parallel Consulting?

like

Hey fish fam, random question I’ve been wondering - How soon after starting a new gig would you be probing your manager about potential promotions? Addendum q - how have you approached bringing this up?

like

Has anyone paid back their sign on bonus when quitting? Did they allow you to pay it back in a repayment plan?

like

Is an fp&a manager role at a media company for 135k base + 10k bonus a good exit? 3.5 YOE

like

Besides submitting your resume online, any other tricks to get an interview? I usually LinkedIn message the recruiter/hiring managing for an intro. If I know somebody at the company, I’ll ask for a referral.

Anything else? I’m dying out here.

like

Hi! Wanted to get thoughts from those who have exited to a startup from MBB/T2. Have an offer from a series C start up — would take ~$20k base cut but with bonus (annually) would make about 25k more TC plus RSUs. Much better WLB and great people. Is the base cut normal? Thoughts?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal