How much does pre-MBA work experience affect post-MBA employment opportunities?

I'm wondering how much pre-MBA work experience affects post-MBA employment opportunities. For example, do the majority of those who get management consulting jobs post-MBA already have consulting experience? What about those who get IB associate gigs? Were most of them ibankers before they went to b-school?

So what I really want to know is if I don't have relevant work experience prior to getting my MBA, do I still have a good shot at getting an IB or management consulting job post-grad?

 

Prior experience always helps but the 2 careers you mentioned are two that quite commonly hire direct from top MBA programs without previous experience. Many people go to b-school to switch careers into I-Banking or consulting. If you want something more specialized like PE or VC without prior experience you are probably out of luck. But if you want to be an IBD Associate they have roles specifically for new hires direct from school.

 
Cmoss:
SECfinance:
Most IB associates do not have pre-MBA IB experience.

Does this change thier role/responsibilities compared to those MBA who did come from IB pre-MBA?

Do they do different work than people with pre-MBA IB experience? No.

MM IB -> Corporate Development -> Strategic Finance
 

Keep in mind that the "advice" you get on this board is often times coming from high schoolers and college kids who have no relevant experience to what you are asking, and use the "I know a guy" analogy to support baseless claims.

Obviously the job you have before business school impacts recruiting. You are competing for the same jobs not only against people from your school, but other MBAs (even some from presumably higher ranked schools). You need to put yourself in the best possible position. Suck it up and put in a little more effort for the few months you have left before you start bschool.

 

I'd say take the promotion and work for three months. You're about to go on a 2-year sabbatical from work with ample time to do anything you please. You'll likely regret not taking it once recruiting kicks off.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 
Best Response

I am a Strategy Consulting Manager that did not have consulting experience (or a 700!) before I went for my MBA. It's absolutely doable. The one piece that i'd provide caution on is how you use your interest in pursuing consulting in your MBA application story - it's not a real differentiator in the application process. I worked with an admissions consultant (springboard admissions but there are tons out there) to help me turn my interest in pursing consulting into a compelling story for admissions. She also helped me after I was admitted to start up my networking game with MBB (for freeeee).

All in all, this is doable... but I also had help that I found pretty valuable.

 

For either MC or IB, if the banks and the consulting firms come to your school, then recruiting is a structured game - just talk to 2nd year students and the placement office. No pre-MBA experience required for either to the best of my knowledge.

 

It's an interesting path to VC. VC is definitely an art not a science and also very small and tight nit. A solid start up track record and a pedigree/background that could've easily gotten you into banking or consulting is the really the only "sure fire" way. The best VC's are really good at making things and/or selling them or at least identifying people who can.

I've tried to lock down an answer on this and no one will give a straight answer inside the industry. So I guess my guess is as good as the next guy.

Ace all your PE interview questions with the WSO Private Equity Prep Pack: http://www.wallstreetoasis.com/guide/private-equity-interview-prep-questions
 

VC is a bitch to get into sometimes. I tend to think finance skills are less important as compared to XYZ skills depending on the shop. I managed to talk to a partner at a decent sized VC shop in Philly and he wasn't feeling my all finance background. If I was a premed student who did something random after UG I probably would have been more interesting.

 

thanks for the input guys. my question is more related to which would make a more "qualified" post-mba vc out of the following two: 1) 2 years banking, 2 years pre-mba vc (essentially two junior level jobs), or 2) 4 years banking (i.e. getting promoted, having some management skills and more client interaction, etc) of course i am assuming that the business school for both paths is the same.

based on the comments, it sounds like vc's look for a little more well-rounded experience for their post-mba roles, but just wanted to confirm (anywhere i can find numbers to back this up?)

thanks again!

 
nodiggity:
thanks for the input guys. my question is more related to which would make a more "qualified" post-mba vc out of the following two: 1) 2 years banking, 2 years pre-mba vc (essentially two junior level jobs), or 2) 4 years banking (i.e. getting promoted, having some management skills and more client interaction, etc) of course i am assuming that the business school for both paths is the same.

based on the comments, it sounds like vc's look for a little more well-rounded experience for their post-mba roles, but just wanted to confirm (anywhere i can find numbers to back this up?)

thanks again!

Pre-mba VC experience will UNQUESTIONABLY give you a better shot at post-mba positions than 4 years in banking will. I'd also say it isn't true that VCs like more well-rounded backgrounds. They all want something a little bit different in their associates, and even the same firm can want something different across different hires.

With that said, the one universal thing that will help you with VC recruiting is having a network. That is huge, and you will build that up in a big way as a pre-mba associate. That, and if you only have banking experience + mba, your chances will be very very slim. Even though they all want something different, that is very rarely a background that is desirable. Keep in mind that I'm not endorsing pre-mba associate path as the best way to break into VC post-mba, but between these two options it really isn't close.

 

Et et architecto quis et et. Autem quia illum quia deserunt saepe ut ratione. Ullam quos et sit vero tempora fugiat. Maxime dolores explicabo deserunt quisquam veniam minus eum molestiae.

Ut qui sunt ducimus neque officia vitae fugiat. Et porro harum voluptatem est consequatur modi sint.

Blanditiis ut earum voluptatibus. Laboriosam adipisci omnis consequuntur fuga recusandae eligendi blanditiis. Pariatur ipsam recusandae tempora voluptatem quis molestiae error. Placeat est rerum distinctio.

Voluptatem ea deleniti veniam qui dignissimos eos. Dolor voluptatem aut ea voluptatem odit ullam. Fugiat necessitatibus et neque rem ea et eum. Dolor qui quibusdam rerum accusantium fugiat animi expedita.

 

Nostrum repellendus consequatur ut sint suscipit dolor. Sapiente dolores natus suscipit ea sint vitae molestiae. Beatae ut quo odio fugit veniam iure est dolor.

Eos non ex explicabo molestiae sed officiis veritatis. Minima rerum blanditiis explicabo at vel magnam necessitatibus. Aliquid ad consequatur possimus ea aut ut. Voluptatum nisi et saepe ipsa.

Sapiente eius dolorem ducimus. Ea numquam voluptate dolor ullam et sunt officiis. Error voluptas maiores sint perspiciatis et.

In tempora accusantium veniam laboriosam voluptate non et. Rerum suscipit tempore dolores sit. Voluptatum corrupti quidem quas nesciunt. Eius pariatur dolorem rem autem quisquam. Officiis sapiente rerum et nihil. Autem sit ut ut non dolorum et. Molestias non est rerum qui aut.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”