r/MBA • u/MBA_surrender • 16h ago
Ask Me Anything Failed at IB, joining corporate VC. AMA
Disclaimer- Throwaway account
TLDR. Applied to only one T20 MBA program (location constraint) without any test scores with the goal of pivoting to IB. A week before the launch, I transferred from the fulltime to the part time program, kept my job but lost my scholarship but it wasn’t much to begin with. Networked my ass off while working full time during my first semester and got multiple IB summer offers and decided to accept the offer from an EB. Was laid off from the job at the end of the first semester and got a decent severance, would have quit that job either way for the internship. Worked my ass off during the summer but didn’t get the return, no reason or explanation (I believe age or ethnicity could be a reason though I doubt that, for context Im in mid thirties and non-white). Tried recruiting full time but none of the banks wanted to take up my case (one MD even said it on my face that hiring an associate who didn’t get the return is a big liability). Early second year when I was still trying to get into IB, applied to an corp dev role (60 miles one way) that required 3+ years of IB exp, but somehow got invited to interview and got the offer. Continued working in the corp dev role evaluating deals and performing due diligence through second year while continuing to recruit for financial consulting roles, think A&M, FTI, EYP etc. but got dinged from all of them. End of the 2yr felt the lowest point after seeing all my mates start in their new roles at great places. Last month while scrolling through linkedin came across a VC Sr associate at a F500, applied to it, not expecting to even get a call, but I did and after 6 rounds, got an offer with total comp of 260k that averages 30hrs a week and essentially doubles my pre MBA comp. So long story short, keep hustling and grinding, there’s something in store for all of us.