Yes they do. However PE has lost some of its lustre recently - they simply cannot - or won't - compete with banks on salaries, carry is lower than ever, and they are bracing themselves for a wall of regulation which will look something like a landslide. What is likely to continue attracting people to PE now is the stimulus of the work - which tends to be more varied and involved that the very prescribed work in IB but probably no more interesting and varied that a good consulting firm. Focusing nearer to home, the move up to Big 4 will open a lot of doors, not just PE, and some as interesting (if not potentially more so).