Which of these 2 offers would you go with?

1) Barclays IBD SA NYC--Nat Resources Group

2) Small-Cap Venture Capital Fund in Southeast

My future plans and goals: I want to go into business development and venture capital long-term. Staying in the southeast would be nice for me as well, given that I am from there.

 
Best Response
DickFuld:

You haven't mentioned enough about the VC fund to make a meaningful comparison. That being said, the Barclays Nat Res group is the ex-Lehman group and were tops in the category. No bias of course, but I would go with the Lehman guys.

Ha, really solid advice here...

http://www.businessweek.com/news/2014-02-11/barclays-says-2013-investment-bank-profit-falls-on-fixed-income

 

Yes, a senior guy there that I have meaningful connections to said this VC fund will hire me full-time when I graduate college if I do a good job. Also, I go to a target school along the lines of the level just below the level Wharton, Harvard, Princeton (think Columbia, Dartmouth, UChicago, Duke, Cornell, etc). It seems like many of the seniors at my school don't have a hard time either lateraling among bulge brackets that recruit at our school or can get hired full-time fairly easily with buy-side experience. What do you all think?

 

If what you're saying is true (easy to do IB after junior buy side job), then you have some margin of safety. VC is in the SE is what you want to do... and you have been afforded with an opportunity to do so. If you find out VC is not for you, then you can pursue IB FT (sorry for all the abbreviations).

The difference between successful people and others is largely a habit - a controlled habit of doing every task better, faster and more efficiently.
 

Barclays is likely the better opportunity here. You will learn more, and make better connections, by starting in a strong group like Nat Res, which has a proven track record of excellent placement.

I see no reason why you could not later pursue VC in the south east (especially coming from Barclays Nat Res) if that is what you truly want to do. Maybe not with the same firm, but a similar opportunity should be available. Furthermore, there is always the possibility that you will change your mind and decide that VC is not what you want to do -- perhaps you'll realize that you are more interested in working with later-stage companies after working at Barclays.

 

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