VC/IB/or IBM consulting internship for MBB full time? Please help me with my dilemma
I would like your opinions on my situation.
I am currently an MBA student at a top 10/15-ish MBA program, with about 6 years of pre-MBA work in tech. My primary goal is to get into M/B/B consulting, preferably in China (HK, Shanghai, etc). I just finished up my first year and looking to settle my summer internship. My GPA is crappy unfortunately, but I have made it to the 2nd round at Bain for this summer, although I didn't get the summer offer. Didn't get any interviews from McK or BCG unfornately, most likely becuase of GPA.
Now for the summer, I have a few options. I have an offer right now from an established singaporean VC firm, with a total of 1 billion USD AUM. The firm is the venture investment arm of a much larger, 100+ billion sovereign wealth fund. I will be working in their newly established china office, with a newly raised 300 million china-focused fund. I'm not exactly sure what I will be working on, but I know the firm is doing well and there would be lots of work to do with this new fund.
Or,I could wait for 2-3 weeks and interview with IBM Global Business Services (consulting) in China. For IBM, I've been talking to the recruiters for a while and they like me, but unfortunately they can't make hiring decisions until much later due to bureaucracy. I also wouldn't know exactly what project I will working on, most likely its not going to be IT (cuz I said I don't want to do IT consulting) but not sure if its operations or strategy or what, it could be anything under the umbrella of GBS. I would say I am about 70-80% confident that I will get an offer.
Or I have a couple of opportunities at US based boutique investment banks. They are small, 10-20 people investment banks, and I'm not certain about the deal flow.
What should I do? How does MBB view VC internships?
I need to make a decision on the VC offer NOW. On one hand I have a sure offer from a large fund, where I should play a large role becuase they're just starting their china office.
On the other hand IBM Consulting is a top consulting firm and seems much more in line with a career at MBB. But this one is definitely not in the bag yet so its very risky.
How does MBB view boutique investment banking internships? Also, will doing an invesment banking internship at tiny firms open doors to full time banking/finance positions in case I don't make MBB? I heard if you do banking internship you can go for banking AND consulting full time (because consulting is open to diverse experiences), whereas if you do a non-banking intenrship then you're definitely out of banking.
I would love to get into MBB, but also need to consider what will give me the most options for full time as well in case MBB doesn't work out.
What do you guys think? Any help wil be appreciated!!!