Major VC or GS/MS/JPM?
I am a soon-to-be-grad with an offer for a famous american VC fund in London (think Accel), and an offer for IBD in a good BB (think GS/MS/JPM).
I'm tempted to join the VC, which I find majorly more interesting than cranking out pitches all-night. On the other hand, the fund is in London, and I'm not sure they are as relevant there as they are in silicon valley.
But I'm afraid that I will miss out on the training of 2 years of banking. I know the skillset is different, but having worked in a BB does provide you with many useful skills. (I interned at the BB last summer)
Plus, I'm not 100% sure I want to work in VC/startups all of my life, and I'm afraid that starting at the VC = pidgeon holed.
What do you think?
VC is a very good opportunity. I'd go with that man. Unless you are totally into doing HF or something later. VC can move to PE pretty easily from what I've seen. They'll teach you what you need to know at the VC fund if they are trying to hire you.
I would do VC in a heartbeat.
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I'd take the VC role, it's much more unique (if you ever want to go to MBA) and you'll still learn the basics of modeling (although maybe not to the same degree as an banker). If it's a top tier fund, you should have no problem moving into a variety of different roles if you wish later.
Frankly speaking, VC won't pidgeon-hole you into VC/start-ups. You should be able to make a move into IB, growth equity, LBO shops (a little harder tho), corporate development, strategy/product management roles at F500, consulting later on if you want.
Agree with the comment above. People at GS/MS/JPM would drool over your VC offer after their 2 years of banking. If you picked up these offers, you're smart enough to pickup the same skillset you'd have after 2 years of banking. Training is really overrated; I taught myself modelling before banking by rebuilding models sent by friends, that's it. You'll be doing work that is SO much more interesting and satisfying in VC than at the big banks. If you think b-school, or anything else post VC, all doors will be opened. Banking will need to be supplemented with smth else to get you the same doors to open. Also, you're looking at a 50h work week vs 80-100 in banking, FYI.
Spot on as always, Themistocles.
Just out of curiosity since I'm pretty interested in European VC, too. Which regions will be covered by your VC? Is it only Europe (London, Berlin) or also Middle East and Africa? Thanks & btw, go for the VC gig.
Your talking Index then. Please - for the love of god - take that over top BB IB, 100x a better opportunity.
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