IHateTheGMAT wrote:
Hey thanks for the great posts BearStearner.
How much harder is it to transition to buyside finance jobs like PE/HF or a big mutual fund company (like Fidelity) from MC then from IB. I have experience in finance (nowhere near IB but somewhat decent - I'm in business valuation) and I hope to have the CFA when I start school. Would that background, CFA, MBA and 2-3 years at MC be easy or hard to transition to the buyside? I know IB is by far the more typical route for this but MC just sounds more interesting to me and I like the idea that it generally has broader exit options (something I've heard a couple times).
Hi IHateTheGMAT. Your question is unique and I am glad you are willing to take non-traditional path in order to achieve your dreams. As you may already know, there is no such thing as blueprint to success. Everyone gets to the top of their game in their own way. My advice - follow your heart and dreams and establish your own legacy and roadmap to success.
Personally, I don't think I've met anyone that went from MC to big mutual fund management. However, PE/HF to mutual fund path is very do-able.
If I was in your position I would do the following:
1) Tuck is an amazing program. Congrats. Make sure you have yourself a fantastic 2 years and leverage all of Tuck's assets (name brand, alumni network, ivy status, career services etc) as much as possible. After all, Tuck education isn't cheap.
2) Go interview with all the MC firms that interest you as well as finance firms such as PE/HF/IB/VC etc. If you do go down the MC path, look for big MC firms with long history of generating world class leaders. Bain & Company is one firm that comes to mind right away.
Bain & Company's former employees currently in finance side includes:
- Tony Tamer (Partner - H.I.G. Capital
https://www.higcapital.com/)
- Peter Tornquist (MD - CVC Capital Partners
https://www.cvc.com/Content/EN/General/Home.aspx)
- Nick Prettejohn (CEO - Prudential PLC
https://www.prudential.co.uk/)
- Vivek Paul (Partner - TPG
https://www.texaspacificgroup.com/)
- Larry Orr (Partner Trinity Ventures
https://www.trinityventures.com/)
- Jane Mendillo (President & CEO Harvard Management
https://www.hmc.harvard.edu/)
- Eric Kriss (Co-founder - Bain Capital
https://www.baincapital.com/)
- Joshua Bekenstein (Partner - Bain Capital)
- Anne Glover (co-founder - Amadeus Capital Partners
https://www.amadeuscapital.com/about.php)
- Pete Dawkins (CEO - Primerica Financial Services
https://www.primerica.com/public/)
- Jesse Rogers, David Dominik (MD - Golden Gate Capital
https://www.goldengatecap.com/)
- Tom Darden (CEO - Cherokee Investment
https://www.cherokeefund.com/)
- Gary Crittenden — (CFO - Citigroup, Inc and formerly of American Express)
- Kenneth Chenault — (CEO - American Express)
- Paul Achleitner — (CFO - Allianz
https://www.allianz.com/en/index.html)
As you can see, tons of former MCs went to finance side and succeeded. Opportunities are endless. Everything is up to you now. Good luck.