Corporate in-house PE/VC with really bad deal flow (pre-MBA)

Hi WSO:

I'm in the following situation right now and would really appreciate your feedback! Basically, I'm currently working in a corporate in-house PE/VC firm with very bad deal flow due to personnel reasons (politics / incentives related), and I was wondering what's the best way I can salvage this situation?

This is a B/C round investor that's of a corporate investment arm structure, therefore, the investment committee doesn't feel compelled to approve deals and there is no economics for them. Several of the investment committee are long-term corporate people rather than investment professionals.

I evaluate 4-5 deals/week. However, due to internal reasons, the investment committee has been very slow in approving deals for my team/region, and I think I would be lucky if I can get 1 direct deal done every year. I've currently been there for 6 months, evaluated~ 20 deals, brought 5-6 to IC, but could not get approval for any of them. I am in the process of applying to MBA this fall, and I will probably stay at this place until my MBA results are out.

I am hoping /feel likely that I can do well in my MBA application due to my past education and work experience (I graduated from a top target, changed into this job as a career switcher from a top 3 company in a different industry, due to my desire to do longer-term investment).

My concern is that, with the lack of actual deals done, I would not be able to recruit well for post MBA positions. I am open to pursuing pre-MBA internships. I would really appreciate any feedback from you guys on how I can present this situation to post-MBA job interviews in a way that is more positive, and how to use the time I have left at this job and before MBA to put my career on a better track again.

Thanks