Venture Capital Learning for Georgetown McDonough MBAs
Breaking into a career in venture capital, even with an MBA, isn’t necessarily easy. It’s something that many MBAs are interested in achieving, but that few MBAs have the help to make possible. And that’s why the MBA Venture Fellows Program at Georgetown University’s McDonough School of Business is so interesting.
The program is a collaboration between the MBA program and the Georgetown Entrepreneurship Initiative, and it provides full-time students interested in a career in venture capital with a year-long position at a local VC firm. It replaces the summer internship component for a typical MBA to focus solely on experience within venture capital.
The program begins early in the spring semester when students start applying for positions and interviewing with VC firms. If selected, the MBA works ten hours a week throughout the semester, and then the apprenticeship becomes a full-time internship over the summer before returning to shorter hours again in the fall. It officially concludes in December, after which time many students have asked to stay on until graduation.
To learn more about the program and what else McDonough offers its MBAs interested in venture capital, we spoke with Jeff Reid, the Founding Director of the Georgetown Entrepreneurship Initiative.