| Topic Name: |
Accenture or Private Equity |
| Message Name: |
Great info |
| Date Posted: |
01/23/2006 |
| In Reply To: |
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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| Message: |
your messaeg is thoughtful and i appreciate that. I am a bit confused, i think you are saying 1) an ACN exec is not that attractive to PE Firms 2) salaries are much HIGHER and 3) it's going to be a bust of an industry.
So, my deduction is that you suggest staying where i am because i don't have the value outside of ACN? Just wondering...I can hack the principle investment side...that parts not a concern.
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