| Topic Name: |
Accenture or Private Equity |
| Message Name: |
hmm |
| Date Posted: |
01/21/2006 |
| In Reply To: |
I am a 2 year Senior Manager with Accenture in NYC. I have been with Accenture for 9 years and have had a GREAT career. Unfortunately, i am looking for greater reward and thus have investigated Private Equity firms. I have spent alot of my consulting career in M&A and Operational restructuring, so it's definitely a fit.
Also, the starting salary for a Senior Associate or Director level in NYC is around $200k plus $50k bonus (that's just starting out) and it grows from there.
I am on track to likely get promoted to Senior Exec (Partner) in Sept 07 (a stretch for 06). Starting salary for new Senior Exec is $180k, 75k in equity and we all know what the bonus potential is.
What are people's thoughts? Do i pursue?
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| Message: |
reading the post title i thought this had to be a troll or some kind of joke, but your post actually seems legit, so...
1. what do you mean by "investigated PE firms"? have you held talks with some funds or a headhunter already? did any express interest? I'm not quite as sanguine as you seem to be you can get a PE job. I've never seen an Accenture alum at a good PE shop (although surely there are some...). If they want consultants, they can get the best of Mck/Bain,if they want M&A expertise GS/MS guys would be delighted to help, and for ops experience they probably would tap someone from GE rather than ACN. Unless you have access to prop dealflow or can help with fundraising through special contacts I'd say your chances are pretty slim
2. If you join a PE shop even at associate (right after MBA) level, you'll make 300-450k a year without even counting potential co-invest upside, so why is ACN partner salary even a consideration? What you should think about is whether you can hack it in a principal investment environment vs. one where you just sell professional services for a fee.
3. Lots of the smaller new shops with dubious managers will blow up once interests go up, multiples contract and they need to exit acquisitions they bought at some stupid auction... we are nearing the top of the cycle. This is probably _not_ a good time to enter PE unless you are prepared to weather a few rough years...
just some thoughts...
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