Thoughts on Growth Equity roles out of undergrad?
I'm a rising senior in college working in equity research right now who has always been interested in world of fast growing tech companies. I have noticed a fair number of tech growth equity shops in my school's career portal advertising roles for two year associate roles out of undergrad. The roles include doing due diligence on deals, sourcing, and working with portcos to support business developments.
I don't see growth equity mentioned a lot on this forum so I am curious to hear everyone's thoughts on these buyside roles out of undergrad. Do they provide a lot of tangible skill development and good exit opps in case you want to leave? Or are they just glorified call center jobs like many entry level VC jobs? Thanks in advance!
Wondering the same thing myself
Growth equity is the exit opp
Is there is a progression to partner or senior management from these entry level roles? I heard for VC the fresh from undergrad associate roles typically are dead ends career wise at the firm you are with.
You're going to need to be more specific with firm names as they'll differ re: upward mobility. As a (albeit rough) rule of thumb, the larger and more established the shop, the less upward mobility will exist. That being said, I wouldn't frame 2-and-out programs as "dead ends," most juniors joining out of college recognize they won't be at the firm for more than 2 years and simply use their first shop as a brand and skill-building platform to then move to a different shop or switch to being an operator. So the question then becomes what your longer term goals are. For example, getting good at sourcing can be incredibly helpful to expanding your network, learning sales, and training your eye on what an interesting startup looks like — elements that are helpful for early-stage. But if you're more interested in investing at the Series C or beyond, I'd argue the skillset one gets out of a banking analyst program in many ways exceeds the benefits of doing sourcing for 2 years.
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