For any of you who have gone through the recruiting process, it is possible to get a PE or VC positon out of a top MBA program without having had prior IB or Consulting experience?
Possible? Sure, especially VC. Easy? Nah, but it’s never easy. No more bumps.
its enver easy, even with IB and consulting experience. These are all positions no matter where you come from that are hard to get into. You need a top educational background, excellent experience and a bit of luck.
TeamHydro Wrote: ------------------------------------------------------- > For any of you who have gone through the > recruiting process, it is possible to get a PE or > VC positon out of a top MBA program without having > had prior IB or Consulting experience? i’d argue that without having had private equity experience BEFORE business school, getting a job in PE post-MBA will be very difficult. there are a good number of candidates that did private equity before business school and they usually get snapped up first; then the bankers, and then others with relevant work experience, such as those who worked at at McK/BCG/Bain in corporate finance coverage, or those that worked at a big-4 accounting firm that covered M&A or sponsors. but you already know how competitive it is to get into private equity, and i don’t think it will get any easier for a while unless the markets continue to tank. as PE firms have suffered with the decline in the overall markets, so too have hedge funds, yet people are still itching to work at good PE/HF firms. it’s a bit easier to make the transition into VC at the post-MBA level as those firms tend to be more open to varying backgrounds, but you really have to have compelling industry experience if you’re going into an operating role, or solid finance experience like investment banking and perhaps equity research if you’re going into a transacting/financing role.