Breaking in one year after b-school?
Hi all,
I know this forum is mainly for analyst level recruiting, but I was wondering if some of the more senior folk would like to share their thoughts on getting into banking after b-school. I graduated in may '09 from one of the top 10 schools and not having an offer from any of the banks that recruited on campus, I went with a VC associate job. Seemed like the best among the options I had. I also need a H1B to work in the US, so I picked a firm that was willing to sponsor me.
Now that things are getting better, I want to get back to recruiting for banking again - which is my main goal to begin with. Infact if I did not have to worry about visa/sponsorship, I wud have stuck it out as an unpaid intern in a boutique all along.
What wud be the most likely questions I shud be prepared to face given my story/situation. Is being at a VC (not-so-prestigious) a minus for me?
- thanks for reading
Why would you want to go from VC to Banking ??
... since I am kind of the office bitch. Because everyone else I work with, and the clients we meet are all at the senior management level, I do not make any kind of a solid contribution. Suffice to say, VC is a field that does not require hard core modelling skills or "business skills", so I feel like I am a) wasting away my precious first 5 yrs after b-school not learning anything, b) have no say in the decision making anyways, so sometimes I wonder what I am doing taking notes at all the meetings my ceo fancies attending (like all VC firms, our firm is pretty small too, so I work directly with the CEO/GP).
So, given my exp in technology, VC is something I want to return to 15 yrs from now when I can manage my own fund, not right now at the associate level. I would rather be doing m&a or tmt coverage.
Hope this doesn't sound dubious?
Sounds like you're making a pretty big mistake.
Why would you say that? Can you elaborate? Let me note that my firm is not in the top 30 list of VC's because we are pretty new and pretty small.
No, it makes a lot of sense, but don't you enjoy meeting entrepreneurs and learning their business models ?
Welllll...banking is pretty much being the office bitch, too, btw.
But I understand what you mean by modeling and other technical skills. How small is your firm, and what's their specialization?
PM me if you don't want to post very specific details.
yes, but thats about all the upside there is, the way I see it. I don't want to diss my job or anything, I think given the economy I have done very well for myself, but... this is not the time for me to focus on developing people skills and a business-sense-gut-feel that VCs need. This is the time for me to work my ass off and understand how deals are structured and build relationships with firms in the tmt space.
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