Looking into going for a VC for next summer (Between Soph and Jr year). School is a non/semi-target for IB, but not a huge presence higher up in VC, at least outside of my schools geographic region. I'm looking at VC's in the San Fran/NYC area and seeing a pretty heavy concentration of guys from top Ivy's running funds. I guess my question is how do VC firms factor in school prestige compared to, say, IB?
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School prestige is a huge factor for VCs, even more so than for investment banks. I saw a study somewhere showing that Harvard and Stanford alone made up a huge proportion of VC's degrees. Out of ~15 partners at my firm, all but 2 of them have an MBA from HBS or Stanford GSB. Of the associates, only 1 is from a non Ivy or Ivy equivalent (e.g. Stanford, MIT).
Why do you think that is?
Because VCs don't have the recruiting infrastructure that a bulge bracket bank or consulting firm has, since they don't hire hundreds of new grads per year. Some have 1 associate every couple of years. Even the largest growth equity shops hire
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