VC Post-MBA Comp?
Headed to B School this fall after two years of UMM PE and thinking about making the switch to VC. I know I'm going to take a hit on comp vs. Post-MBA PE roles, but I honestly don't know how much. Does anyone have visibility into Post-MBA comp at Tier 1/2 VC firms (e.g., a16z, Index, Bessemer, Accel, Kleiner Perkins, etc.)? Would love to know what it looks like immediately post-MBA as well as a few years out if possible. Any good resources for this?
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VCs don't really care all that much about whether or not you've gotten an MBA (signals decent network and business acumen training but that's about it) and lot of people coming out of MBA programs still end up in associate or senior associate positions unless you've done it before. Many factors go into comp including fund size and established-ness. For example, you're much less likely to get carry in a large established fund but at a smaller emerging fund, you might have lower cash comp but higher carry. In the case of the latter, I would assume that if you join that profile of fund, you believe that the firm can generate significant returns to make that carry worth it. All-in cash comp would probably look something like 130-250k. Here's a report that might be helpful.
Really helpful - thank you! SB'd
Just as a datapoint to the post above, current analyst at one of the funds mentioned by op and typical comp all in for first years is in the 130k-160k range. I assume it is much higher for post mba. From the people that I've met, many individuals start as senior associates or VP's after an mba (these individuals for the most part went to HBS, GSB, or Wharton). Another major benefit is ability to co-invest in every deal (as you can imagine some deals have had massive returns but there is obvious inherent risk being a venture investment)
From what you have seen at your fund, for those that come in at the Senior Associate or VP level, do they have prior VC or Finance experience before getting their MBA? I would assume so, but wanted to rule out that the HSW pedigree results in a higher level.
By first years, you mean first year analysts im assuming? What about associates? Also if you wouldn't mind, how many hours a week do you work and is that standard in the industry?
It's just so depressing comp is so low
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