JDMBA wrote:
rhyme wrote:
Do you have prior banking experience?
No banking experience.
If you have no banking experience PE or VC is
extremely difficult unless you have very detailed knowledge of something incredibly important to a particular firm and special in your background. By that I mean you have knowledge of a particular field that is hot for investing, like you were researcher doing work in nanotech, you may get an interview by a VC firm who funds nano companies. Both fields hire few people, and prefer those people have prior experience in PE/VC or at least come from a bulge bracket banks or something along those lines. Its impossible with no experience but it is extremely hard.
I hate to say it but its bordering on unrealistic with no experience and nothing extremely well related unless you uncle runs a firm. There are several current students here who I am sure will back-up what I am saying about how hard it really is. I know a few are making a run at those types of jobs and can clearly speak to what it takes.
I am not trying to be insulting, but I want to give you an honest answer so that you can better position your career goals to maximize your chances. You would be much better off using a career switch into IB, which in reality you will probably have to use to get your foot in the door anyways. Even better is something that clearly relates to what you do. Schools want to help you reach your goals, and to do that they need to be attainable. Using something that clearly relates to what you currently do is a much easier sell.
Remember for every person like myself who applied with a career goal related to what I do that actually plans to follow that goal there are probably 3 or 4 who wrote about something completely unrelated to what their real goal is. Schools dont hold you to your career goal once you are in, and the point of applying is to be accepted.