YC alum, no industry experience, MS in finance or MBA?

Hi everyone, 

I'm trying to figure out if I should be looking at masters in finance programs or MBAs. (Or if I'm even remotely on track!)

Background:

  • No industry experience
  • Humanities degree
  • Able to take the GRE, performs well on tests
    • Took the LSAT recently and got ~90th percentile. Not a savant, but capable of pulling test scores. (Don't want to be a lawyer though)
  • Y Combinator alum / founder 
    • Leaving startup as it pivots outside my area of capability. I'm the sales / biz dev guy and cofounders are pivoting to deeptech
  • Once worked for cabinet level official in DC. Top Secret security clearance

Goals:

  • Not NYC BB or MF PE
  • IB position in a T2-4 city
  • Dream job -- Eventually a smaller PE fund in T2-4 city

Questions:

  1. Just a basic reality check. Is this possible? I know it's hard, and unlikely, and won't yield the most top tier outcomes, but is it possible on any level? 
  2. MS in finance or MBA to do it?
    • For the masters I'm considering Vandy, SMU, etc.
    • For MBA Dartmouth etc. (Probably not M7)
  3. Which programs would you consider in my situation? 

Thank you!

First post on here. Likely speaking nonsense, will greatly appreciate any and all input. 

Edit:

I put YC in the title to grab attention in case people know what that is on this forum. 

I understand raising venture once has zero relevance to actually working in finance!

Frankly, startups are overhyped and overfunded and society regards "founders" with far too much esteem in most cases. 

6 Comments
 

Based on the most helpful WSO content, here's what you need to know:

Background:

  • No industry experience
  • Humanities degree
  • Strong test performance (90th percentile on LSAT)
  • Y Combinator alum / founder (sales/biz dev)
  • Experience with a cabinet-level official in DC (Top Secret security clearance)

Goals:

  • Not aiming for NYC BB or MF PE
  • IB position in a T2-4 city
  • Dream job: Smaller PE fund in a T2-4 city

Questions and Considerations:

  1. Reality Check:

    • Is it possible? Yes, it is possible to transition into IB and eventually into a smaller PE fund, especially given your strong test scores and unique background. However, it will require strategic planning and networking.
  2. MS in Finance or MBA?

    • MS in Finance:
      • Pros: More specialized, shorter duration, potentially less expensive.
      • Cons: May not provide the broad network and general management skills an MBA offers.
      • Programs to Consider: Vanderbilt (Vandy), Southern Methodist University (SMU)
    • MBA:
      • Pros: Broader network, more comprehensive business education, better for career switchers.
      • Cons: Longer duration, more expensive.
      • Programs to Consider: Dartmouth (Tuck), other strong but not necessarily M7 programs.
  3. Which Programs to Consider:

    • MS in Finance:
      • Vanderbilt (Vandy)
      • Southern Methodist University (SMU)
    • MBA:
      • Dartmouth (Tuck)
      • Consider other strong MBA programs that are not necessarily in the M7 but have good finance placements.

Additional Advice:

  • Networking: Leverage your YC alum status and your experience with a cabinet-level official to build connections in the finance industry.
  • Internships/Experience: Try to gain some relevant finance experience, even if it's through internships or part-time roles, to strengthen your application and resume.
  • Location: Focus on programs that have strong placement records in T2-4 cities where you aim to work.

By strategically choosing the right program and leveraging your unique background, you can make a successful transition into IB and eventually into a smaller PE fund. Good luck!

Sources: Ask Natalie from Accepted about Business School Admissions, Lesser known MBA career options? Looking for advice on what to do post-HBS., MSF Question and Answer, Transitioning from tech to a serious finance job (yes, you read that right), Ask mbaMission about Business School Admissions

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Dude you will have comparable comp progression and way better lifestyle in VC. I’d reccomend an MBA over MSF for your background, and you can likely get into top programs with a good GMAT but I’d look into some VC roles first

 

Why would you go from YC to finance? Major downgrade. MS in Finance is a complete waste of your time and money. You will be losing one year of salary and experience + paying for a scam degree. Another major downgrade. That's two major downgrades. 

 

-

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

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