Engineering by all means. Business education tends to be quite vocational and you'll pick up the skills you actually need in any finance capacity on the job anyway. The advantage of engineering is two-fold: 1. it helps you develop an analytical, problem-solving mind much more so than a business degree and 2. it provides you with a technology-focused skill-set that is hard to come by after your studies (in other words, generally accepted wisdom is that you can pick up finance/business skills on the job while it is quite difficult to pick up engineering basics on the job).

Also, once in VC you may want to launch your own business at some point. As most successful businesses tend to be based on great new products, a technological background will help you to actually drive or influence product design (while most businesses created by business majors that I have seen recently are no-brainer copies of any sort of e-commerce business).

Caveat: I've got a business/finance education background and engineers may see things the other way around.

 

Definitely engineering/CS undergrad over econ or business. There are even some firms that require an undergrad engineering degree to even be considered for an interview (headhunters have told me this directly).

That being said, most people at the partner level have MBAs, so VCs seem to value business degrees as well

 
EngrVic:

Thanks for the comment.

I hold B.S. & M.S. in ECE from a top school.

I am currently working @ one of the high tech (e.g. Apple, MS, Google) as Hardware Dev. Engr.

Not sure if I have to be PM with MBA to do VC?

Would it be fine enough doing Dev. Engr with MBA to give a shot for VC?

VCs have a bias towards people with PM backgrounds vs. devs because they generally have a better understanding of overall product strategy, including design, UX, marketing, and analytics. It is also tough to get into HBS or Stanford from a dev role unless you're in a management position. If you want to break into a good VC with an MBA you need to be at either HBS or Stanford.
 
EngrVic:

Thanks for your insight & info.

How about IB TMT? What is your thought on this considering my "plan" & background?

Is there anything else you have in mind that I can leverage my background?

I thought you were already in engineering full-time... how are you planning on breaking into banking from that? You would either have to be a 1st year analyst, which is a huge step back, or try to break in as an associate in which case you need an MBA. It doesn't sound like you've really thought this through. If you really want to do VC your best bet is to get into some kind of management role that will get you into HBS or Stanford.
 

I should have explained more in detail.

I was asking for the associate role within TMT group assuming with a MBA from Top 7 schools.

Not sure how competitive/plausible it is to break into IB TMT group as associate with MBA & my background.

And is there better school than another in this case (besides H/S)? Or any school in the top 7 should suffice?

Thanks in advance.

 
Best Response
EngrVic:

I should have explained more in detail.

I was asking for the associate role within TMT group assuming with a MBA from Top 7 schools.

Not sure how competitive/plausible it is to break into IB TMT group as associate with MBA & my background.

And is there better school than another in this case (besides H/S)? Or any school in the top 7 should suffice?

Thanks in advance.

This is going to be difficult. There are 3 primary ways to break into VC: as a pre-MBA associate, post-MBA associate, or partner level. Post-MBA associates generally join directly out of b-school, and almost exclusively out of HBS or Stanford for good firms. It's difficult to break in after working as a banking associate since you'll be too experienced to be a normal post-MBA associate and not experienced enough to be a principal or partner. And yes, very few VCs, at least at good firms, are from schools outside of HBS, Stanford, and maybe Wharton. At my firm every single partner with an MBA graduated from Stanford or Harvard, no exceptions.
 

I'm in the reverse role. Went to undergrad for EE and am now in a PM role at a high profile start up (think Twitter, SpaceX, Nest) and got promoted to lead a team within my first year on the job.

If VC is my end goal, would an MBA be a good path to take? Or grow with my current company? I believe there is a lot to learn, but the management structure is started to get more solidified, leaving less room for career growth here.

 
PENGUINCARL:

I'm in the reverse role. Went to undergrad for EE and am now in a PM role at a high profile start up (think Twitter, SpaceX, Nest) and got promoted to lead a team within my first year on the job.

If VC is my end goal, would an MBA be a good path to take? Or grow with my current company? I believe there is a lot to learn, but the management structure is started to get more solidified, leaving less room for career growth here.

You're in a good spot and with some networking and getting in front of headhunters should be able to get good looks at VC associate positions. Your background is relevant enough that you don't need an MBA to break into VC. Spend a couple years growing with the company and networking with VCs, then hit up headhunters and your contacts when you're ready to start recruiting. You should easily be able to get a lot of looks. Btw I'm confused as to why you consider Twitter and Nest (now Google) as startups since they're both huge public companies.
 

Thanks for the feedback.

Any advice on how to network with the VC community (and getting in front of headhunters)? I'm in southern California, which has had a rising startup scene as of late. Still not nearly as big as SF, I would not mind making that move at all though.

 

Amet est aut consectetur ducimus. Reiciendis nostrum facere facere sed blanditiis quia. Placeat quia saepe molestiae natus molestias. Hic magnam harum unde excepturi optio temporibus. Ipsa nostrum sed sit sint vel. Saepe sunt et modi quibusdam consequuntur.

Assumenda et ut illo est repellendus veniam. Ipsam molestias nesciunt iste reiciendis et similique. Velit totam est officia voluptas tenetur et fugiat. Recusandae voluptatem omnis ut debitis.

Dolores repudiandae culpa ipsam temporibus. Dignissimos sunt soluta est incidunt possimus est incidunt. Consequatur laudantium eos sint commodi. Eaque at maxime non placeat eius est nobis. Et sapiente optio ad quia rerum dolor quo. Veritatis minima sequi ea ut aut. Ut nesciunt amet et et voluptas repellat aut.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
dosk17's picture
dosk17
98.9
7
kanon's picture
kanon
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”