BB IBD or corporate VC
I have a strong corporate strategy background and am currently with a top tier financial services firm. Have an m7 mba as well.
If my goal is to be a buyside investor making a decent amount of money, is it better to go into banking and try to shoot for a MM PE/VC or go into a corporate venture group which often doesn't care whether you did banking or not? My only concern is the pay associated with corporate venture and whether not having a banking experience will hurt my exit opps in the future.
I mean if your top priority is being on the buyside and you're choosing between a buyside offer and a sellside offer, the answer seems pretty straightforward, no? Or if your top priority is money, then it should still be pretty clear (whichever pays more).
What is corporate VC? Is this similar to corporate development, except that you invest in start ups?
Yeah, I know most pharma/biotechs forms a corporate VC-type group. Google has one and I assume most of the major tech companies do too.
I know it was met with a bunch of fanfare at the company I was at, but seemed basically useless. I would have been pissed if I bought the hype and went for that job if I had other good offers.
If accountingbyday is correct (he is in my experience having looked at some VC roles at F500 companies post-IB), I would choose the BB IB spot without a second thought. In my opinion, you will receive better training, broader exit ops, and broader business acumen (depending on which group you work in at this BB). I hope that helps. Good luck
I generally agree with your conclusion, but should be clear that my direct experience is with only 1 F500 company. That said, my impression is that it was similar at other companies in my previous industry.
I think this role at Google or other top tech companies could be pretty awesome
Please Help: VC or IB? (Originally Posted: 03/18/2017)
I'm torn at the moment. I'm attending UCSB, non-target, 3.6 GPA and a junior currently deciding between Econ/Poly Sci. That's not the issue however.
I spent all of yesterday sending resumes to IB firms and utilizing alum connections. I know this is probably going to come down to you guys telling me to ask myself what I truly want, but I'm going to ask anyway because I value all of your expertise.
The plan has been to enter IB by any means possible, but I may have struck something big last night. I got an email back from a VC/PE shop in LA, "Los Angeles-based venture capital and private equity firm that today functions as his family office and investment firm". They said they reviewed my application and believe I'm a great candidate and they want to schedule a phone interview next week.
I have the entrepreneurial experience and I truly have a deep passion for technology & investments. This would be an unpaid internship which I am completely fine with, I would sleep outside at the end of the day if that is what it came down to. I've always believed I would start in IB then go the traditional PE/VC route afterward.
I need a better idea of whether this is a viable opportunity that could open potential doors or if I am better off finding a boutique internship at this stage of the game. I interviewed for a Wealth Management internship which I'm fairly certain I landed which would be from now until June. Starting in June I would begin this internship as a venture analyst at this firm.
Please give me clarity on this matter, I need a better holistic visual of whether this would be beneficial due to the circumstances of me being a junior.
Thank you for your patience, all advice is appreciated gentlemen!
Do the interview and get the offer first, before having to decide. Let's say, hypothetically, that you get both... is the bank a BB, MM, or boutique? Because it sounds the VC/PE shop isn't too large. I'd say BB and MM IB>the pe/VC shop.
However, PE/VC shop is likely better than most boutiques (not exclusive ones).
Ask the PE shop how often deals happen. That can help determine your experience.
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