What's the most prestigious job a person has gotten straight out of Harvard or Stanford Business School?
Seems like most people that go there shoot for something like McKinsey or Goldman Sachs
Is there a niche company that offer likes 1 or 2 spots a year that no one talks about?
Any jobs that offer insane salary rates or compensation packages?
I'm at one of these schools currently. It all depends on what sector you are interested in but the roles that have been seen as most prestigious and selective have been:
VC / Cross-over (less hot right now because of market / performance of these funds): Sequoia, Dragoneer, Altimeter, Tiger, D1
Activist Hedge Funds: Elliott, Starboard, Icahn
SM Hedge Funds: viking, Maverick, Melvin (before blow-up)
Each of these funds have taken 0-3 candidates per year and they are all typically the most sought after roles that can pay close to $1mn after graduation (less for the VCs at a junior level)
What do these people’s background typically look like pre-MBA? And if comfortable is this H or S?
These would be both from H and S and typical pre-MBA background would be top IB / MBB > MF / UMM PE (or direct from undergrad to PE)
starboard?
Sequoia/ other VC pay that much straight out of MBA for a senior associate level role (or equivalent)?! I know you say less for junior VC but you make it sound like it’s high six figures…Are you sure on that?
Sequoia is indeed significantly less on a junior level but I don't have the exact numbers. Dragoneer I have heard paid very well (at least before 2022...) but it is still below the Vikings and Elliotts of the world.
On the public side, do you think the top handful of LOs (Capital, Wellington, D&C, T Rowe, Fidelity) enter this conversation as well? Aiming for public investing seats when I head to school this fall. I've heard these LOs can get you to 7 figures 3-4 years later than the HFs on this list, with higher likelihood of continuing to advance long-term. But curious how you've seen people think about it.
For sure. Mutual funds are stable and people usually stay for a long time. Friend from b-school is a senior PM at Fidelity and makes $5-$10M/year range.
This is about right. Those funds usually hire just a few out of HBS and Stanford GSB. They are highly coveted spots and are looking for very specific skillsets. Plenty of great jobs out there for top MBA grads.
Tech was super hot when I was in b-school. Meta, Google, Netflix, Apple, were highly coveted (their on-campus company presentations were packed). Also, classmates joined what were then fairly young startups in Uber, Snap, AirBnB, and did very well for themselves through the equity.
HF roles usually have the craziest comp packages. It wasn’t the most popular choice given the associated risk (and waning relevance with all the passive ETFs outperforming funds anyway) but the highest comp numbers were usually at HFs.
Post MBA PE gigs are also no joke from a comp perspective. A little bit of carry goes a long way.
Can concur. Was at HSW - some of these HF and PE folks saw 7 figures all in 3 years after graduating (so 30/31).
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