Hi, looking for advise here:
- I am incoming international student, accepted to W/H/S MBA, originally from country you never heard of (ex. Kyrgyzstan)
- background: corporate development in giant renewable energy Co outside US but with global exposure. My job is to evaluate incoming M&A opportunities, present to board, do post-merger integration with the company/project.
- average modelling skills, CFA1, PMP. Legal and Financial Due Diligence I outsource, because there are people who will do it much better than me.
- for MBA, I will end up with around 200k in debt (my family sold half of our horses and all sheep to finance my first year, and its not a joke)
- I never had IB/PE work, so MBA is a chance to boost my salary and enter any of the industries discussed so much on WSO.
- after MBA, I will have 3year OPT for STEM program - can work in US for 3 years
Question:
- which job I better pursue? School is strong at placing for Strategy Consulting, IB, PE; recently Tech for Product Manager roles. Startups?
- If I just want to maximize the income during 3 years while minimizing costs. Assume my suboptimal IQ will still allow me to break into PE or IB.
- However, I feel I will not have the willpower to grind (for ex. thru infra PE models) just for money, because it is not fun for me. No offense to anyone who like to play with models (not that "models and bottles"). I enjoy communication - using my EQ to level out my IQ, some cool engineering, make it all work by sourcing money, go to project site, etc.
I have in mind: a) energy practice of MBB or b) PEs who are willing to take non-bankers or c) Climate Tech VC.
Thanks in advance!
Congrats on Wharton
youre a prick
You comment this (or some variation of it) on every post that mentions Wharton. Sorry you didn't get in. Better luck next time.
This whole "congrats" thing was funny at first but people like you who overdo it so u feel like you're funny is what destroyed it
Just being honest, if you are international needing sponsorship PE is going to be hard even at H/S.
To max money the highest probability answer is IB. should have no problem from one of these schools, and you will make more than any other common field post-MBA.
Consulting isn't a bad option either but the income is not as high.
Thanks for reply!
I am just afraid of modelling tests, so if I can get IB internship and leverage it into full time offer, guess thats the easiest way indeed.
Wharton will have incredible prep for IB and you can get into a great bank.
Yup this is the right answers. International folks without prior PE/VC experience are kind of stuck in the sense that they can only really go to big PE firms, because they need firms that will sponsor them, but they have the lowest likelihood of ending up at those companies given the skillset desired/required. Smaller PE/VC might take you, but then they don't sponsor.
At the end of the day, if you really want to make the most money the fastest, banking is going to be your best bet. In PE/VC the money is obviously in the carry and it's unlikely that any place your go will both return carry in 3 years and that you'll vest enough to actually make significant money. From HSW, banking will be easy as long as you're decently polished and can learn basic technicals.
If you hate modeling don’t go into infra or energy PE. Energy banking in a coverage group is less modeling intensive and seems to be consistent with your background.
Energy practices at consulting firms always seem to be incredibly high level strategy or cost cutting ops initiatives. Mundane stuff if you ask me.
Thank you, had the same thoughts on Energy consulting.
Will look into IB big enough to sponsor visa and with a dedicated energy coverage group!
Too much effort put into the post to be a troll. Maybe selling sheep and horses may sound troll, but in some 3rd world countries or even rural areas in the West having sheep and horses is a sign of wealth
Thanks, just wanted to add some humor/details to my post, which is ultimately the real question I have.
In your IB interviews, def mention the sheep and horses. Is unique and a plus if you're able to spin it with some humor. No prob getting an IB job if you work hard. America values that kind of story
Like others have said IB will give you the best pay, especially EBs. However, consulting might be better for you given your last point. The pay's still good (around $230k for post mba grads in MBB and T2s) and the lifestyle's significantly better.
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