Should I leave corporate VC and join McKinsey?

Here's my situation: I have been working at a 150m EUR corporate VC in Western Europe for 1+ year after having spent 2 years at a boutique IB, but long-term I would like to switch to a regular VC due to compensation and cultural reasons. Problem is that I tried applying to a couple of other places but I get rejected 90%+ of the times and even when I get through to an interview, I get shaken out after 1-2 rounds, the reason being anywhere from not having a 'special power' (product, expansion, tech background etc.) or that I don't come from a top consulting background (i.e. MBB).

Because of this, I applied to McKinsey and got through the initial test. The issue is that even if I get an offer, I don't know if I should take it or not.

  • First of all it would be at one of McKinsey's Eastern European offices which means that even though the projects I would be on would be all across the world, I would still only get 51k EUR gross base salary vs the 65k I am currently getting at the corporate VC I'm at.

  • Second, I don't know if the skills that I'd learn and the McKinsey stamp that I'd get are actually worth spending 2 years there. For example if I stay at my current place, maybe I'd be able to switch to another VC after a while. Or maybe I'm better off joining a fast-growing series A startup as an expansion manager and trying to pivot from there into a VC position (headhunter contacted me regarding the position).

Appreciate any advice.

Comments (8)

  • Consultant in Consulting
1mo

For good VC firms you're best bet would probably be to join a well known startup that does well. The Eastern European McKinsey offer (if you were to get it) would likely only help you landing VC offers in Eastern Europe. Another option is staying in corporate VC, transitioning to growth equity, then leveraging that into a VC job. I know a couple people who were able to do that, although they were at top corporate VCs and growth equity firms. 

  • NA in IB-M&A
1mo

Consultant in Consulting

For good VC firms you're best bet would probably be to join a well known startup that does well. The Eastern European McKinsey offer (if you were to get it) would likely only help you landing VC offers in Eastern Europe. Another option is staying in corporate VC, transitioning to growth equity, then leveraging that into a VC job. I know a couple people who were able to do that, although they were at top corporate VCs and growth equity firms. 

Thing is that the corporate VC that I'm at does earlier deals (late seed - series A) and pretty much operates the same way as any other VC would, apart from the fact that no one gets carry.

Re startup: define well-known. I have 2 ongoing processes, 1 with as a strategy associate (product) at a rather large scaleup ($8.4b) and 1 with a series A ecommerce tech company with Tiger Global on the cap table as an expansion manager.

1mo
BeveragedFinance, what's your opinion? Comment below:

So you're worried about whether you should join McKinsey but don't even have an offer there yet?

I wouldn't worry too hard about this bro... 

  • NA in IB-M&A
1mo

I don't know what's so perplexing about this to you. I already got through the initial screening phase and the PSG test. I'm not saying I will 100% get through the case interviews but I first want to figure out if it would even makes sense for me as a next career step to join McK before I invest considerable time into the lengthy interview prep.

But anyway, my question isn't addressed to you, analyst.

  • NA in IB-M&A
1mo

Its amazing how bad your reading comprehension is, they really hire just about anyone in IB these days. Let me copy-paste it again:

"I first want to figure out if it would even makes sense for me as a next career step to join McK before I invest considerable time into the lengthy interview prep."

  • Summer Associate in PE - LBOs
1mo

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