VC internship for M/B/B?

No clue how VC will be looked at...I dont think VC internships are a huge feeder since I doubt interest overlaps too much (probably true of many things outside internal strategy, operations, and GM) and I dont think M/B/B is doing much consulting work for VC firms like they do for PE and IBs. But they do care about how smart you are (unfortunately GPA/GMAT plays a role in that), ability to nail their cases, and anything special you will bring to the table. In the past plenty of folks end up with fulltime jobs at the big MC firms without an internship at them.

From what I have heard...tons of FT offers are being pushed back. Lots of start dates are now Nov 09 - Feb 10 vs typical Aug/Sept start. There isn't a ton of work and plenty of consultants are not on projects. I would not be shocked to see some offers rescinded and/or the up or out level changed. Instead of 10% they could repeat what happened in the winter of 2002 and increase that percentage drastically.

Rumors have it that outside of interns there will be very very few offers for fulltime people next year. Certain offices are doing much better than others, so you might get lucky but that really depends on location. Remember beyond interns from MBA's, the top firms also have all their sponsored folks. In a good year here they may give 50+% of their fulltime offers to folks who aren't sponsored or their interns but I doubt that will be the case next year. One thing to look at is how they recruited at your school for fulltime folks...did they expand well beyond their interns or not. I bet at some schools where they only take a few fulltime, most of those were interns.