Interning at a CVC or at a commercial bank's VC department for gaining experience to get into IBD

Based on the most helpful WSO content, here are some insights to consider:

1. Relevance to IBD:

   • Corporate VC (CVC): Interning at a CVC, especially one focused on tech with a substantial fund size, can provide you with valuable exposure to deal sourcing, due diligence, and investment analysis. This experience is highly relevant to IBD, as it involves evaluating companies and understanding market trends.
   • Commercial Bank's VC Department: While this can also offer valuable experience, it might be more focused on the financial aspects and less on the strategic and operational insights that a CVC might provide.

2. Skill Development:

   • CVC: You'll likely develop strong analytical skills, gain insights into the tech industry, and understand the strategic rationale behind investments. These skills are directly transferable to IBD roles, where evaluating companies and industries is crucial.
   • Commercial Bank's VC Department: This might provide a more traditional finance-oriented experience, which is also beneficial but might not be as specialized as the tech-focused CVC experience.

3. Networking Opportunities:

   • CVC: Working in a tech-focused CVC can help you build a network within the tech industry, which can be advantageous if you aim to specialize in tech IBD.
   • Commercial Bank's VC Department: This might offer broader networking opportunities within the banking sector, which can be useful for general IBD roles.

4. Future Opportunities:

   • CVC: Experience in a tech-focused CVC can make you an attractive candidate for tech IBD roles, as you'll have a deep understanding of the industry and the investment process.
   • Commercial Bank's VC Department: This can provide a solid foundation in finance and banking, which is beneficial for a wide range of IBD roles.

Recommendation: Given your goal of entering IBD, the Corporate VC internship, especially one focused on tech with a significant fund size, might provide more relevant and specialized experience. It will help you develop a strong analytical skill set, industry knowledge, and strategic insights that are highly valued in IBD.

Good luck with your decision!

Sources: International Student - Chance of getting an IBD internship in London?, Medical School --> IBanking, Post-MBA IB Mega Thread, What would you do if you were me? (Medicine vs Business), What's Your Five Year (IBD) Plan? A VP Reflects and Looks Forward.