H/S/W to Growth/VC/PE/HF
Background: Junior at a non target T40 working in real estate over the summer at a reputable investment manager. Low-income, first-gen, immigrant background but doesn’t fall into the diversity bucket.
Basically, I have a growing interest in growth equity/VC/PE/HF and am looking at deferred MBA programs next year to pursue those fields down the line. However, threads on this site make it seem virtually impossible without prior IB/PE experience.
Questions: How could I make it happen? Would the MBA be worth my time? Or is the MBA —> ASO at an investment bank —> buy side the only way?
Any insight is greatly appreciated.
Based on the most helpful WSO content, breaking into growth equity, VC, PE, or HF from a non-target school and without traditional IB/PE experience is challenging but not impossible. Your background in real estate investment management can be a unique asset, especially if you're targeting firms with a focus on real estate or infrastructure investments. Here are some strategies to consider:
Deferred MBA Programs: Applying to deferred MBA programs at top schools like H/S/W (Harvard, Stanford, Wharton) is a strategic move. These programs can offer you the network, prestige, and education needed to pivot into high finance. Once admitted, you can leverage the school's resources, alumni network, and career services to break into your desired field.
Leverage Your Unique Background: Highlight your real estate investment management experience, low-income, first-gen, immigrant background as strengths. These aspects of your profile can make you stand out in applications and interviews, showing resilience, a diverse perspective, and a strong work ethic.
Networking: Start building your network now. Reach out to alumni from your undergraduate institution who are in the fields you're interested in, as well as MBA alumni from the programs you're targeting. Informational interviews can provide insights into breaking into these industries and may lead to job opportunities.
Gain Relevant Experience: While working towards your MBA, seek internships or part-time roles in IB, PE, VC, or HF to gain relevant experience. Even roles in adjacent fields like consulting or corporate finance can be valuable. This experience will make you a more attractive candidate post-MBA.
Consider Alternative Paths: While the MBA → ASO at an investment bank → buy side is a common path, it's not the only way. Post-MBA roles in corporate development, strategy, or operational roles at startups can also lead to opportunities in PE/VC. Additionally, look into roles that leverage your real estate background within PE firms that have real estate investment arms.
Educate Yourself: Continue to educate yourself on the industries you're interested in. Online courses, certifications, and reading industry-specific news can help you speak knowledgeably in networking conversations and interviews.
The MBA can be worth your time, especially from a top program, as it opens doors to networking opportunities and provides a platform to pivot into high finance. However, it's crucial to be proactive about gaining relevant experience and building your network during and after the MBA program.
Sources: How Do I Get Into Private Equity?, Ask me anything - Non Traditional Background to MM PE to H/S/W, Q&A: VP in Private Equity (Growth Equity + LBO)...Post-MBA...Formerly IB Analyst, https://www.wallstreetoasis.com/forum/private-equity/a-guide-on-how-to-navigate-on-cycle-pe-recruiting?customgpt=1, Landing a job in PE, VC, IB with no college degree - your thoughts?
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