Possible Angel Investors "Internship"?
So basically, if one of my family friends can help me out, I might be able to volunteer, intern or otherwise help out with an Angel Investors group in my city. I was wondering whether this stuff is of any use/good experience for the high finance stuff, or whether I should just forget it. The reason I ask is that apparently, there are a couple of other "interns" or whatever there that are from even more random non-targets than me, so I'm wondering if its pointless to pursue it since it seems like any Tom, Dick, and Harry can get in, and I won't be in a senior role or anything either.
thanks
Sounds like it would be highly applicable to VC. If that space interests you I'd strongly consider it.
Hmm, well the thing is, I know for sure that there's no way in hell I'm getting into venture cap because I'm at a non-target and have no science background. I'm more looking at eventually getting into PE or working for MBB, so would it still be applicable for that?
It's not going to help you with PE and MBB. But it sounds fun!
No, it might help with MBB (but not PE). MBB really has no required background, and any interesting experiences are just a plus. I say do it, especially if you have no other options.
Working at an angel group will not help at all with MBB or PE.
VC or start-ups, yes. You will gain some insight into the venture investment process and probably talk to some entrepreneurs, learn how to identify good ideas/management teams. But it will be mainly tagging along the angels and helping out with random tasks, there wont be any significant analytical work at all because the companies are all seed stage, mostly people with just an idea. At most you'll be asked to conduct some basic industry research, like technology trends and such. These are soft skills that will apply to VCs and startups maybe.
But MBB and PE, definitely no. Angel group experience is too unstructured for that. MBB looks for top academic kids (only recruit from the very best undergrad schools, and even then its hard) with big name internship experience. PE, well, you need to do 2 years of banking first with strong transactional/analytical experience so almost impossible for you at this stage. If you want MBB then get a big name internship (top multinational corporations like GE/Microsoft, other consulting firms like deloitte/accenture, or bulge bracket investment banking - of course if you get a full time banking offer maybe you should just stay in banking).
Then if you're lucky enough to get MBB full time, you should be able to get into a top 5 bschool, which will position yourself for PE after your MBA.
If you don't get MBB, then just try to go to large reputable company, go to a top 10 MBA, then MBB or IB, then PE.
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