Career in Venture Capital
Those who coordinate between venture capital companies and industries are called venture capital professionals. Such professionals should have good hold and experience in banking and finance sector. The profession of Venture Capital consists of professionals from different fields. They provide funds to small businesses and companies after examining their project, which is called Venture Capital Fund. Venture capital professionals aim to get good returns from their investments, but their principles are different from those of traditional lending providers. They know very well that the losses on a project can be compensated from other sources due to huge returns.
Harsh Singh, Career Counselor says – Venture capital is a very unique field. There are very few venture capital companies around the world. It can be considered an emerging field. Most venture capital companies do not hire freshers. She prefers those with long experience in banking, finance or technical fields. If you want to pursue a career in venture capital, then you should have at least five years of banking or finance experience. The first step in becoming a venture capital professional is to become a specialist in a particular field. You must be fully aware of the market and the risks. Spending time in startup companies and getting experience of work there can also help in this profession. In order to advance in this profession, it is necessary to work under the venture capitalist of venture capital companies and learn the nuances.
Narsee Monjee Institute of Management Studies, Bangalore
Symbiosis International University
XLRI Xavier School of Management
Can do this course
Bachelor of Science in Accounting
BS in Finance
BS in Financial Economics’
BS in Business Administration in Accounting’
MBA in Finance
MBA in accounting
MBA in Economics
MBA in Entrepreneurship
A career in this field starts with a Bachelor degree. One can also pursue a master’s degree with a Bachelor in Accounting, Finance, Economics, Business or related streams. Apart from this, courses of communication and general business studies can also be done. It is important to have good knowledge of mathematics for this career. Courses in Bachelor of Science in Accounting, BS in Finance, BS in Financial Economics and BS in Business Administration in Accounting are also helpful in making a career in this field. Youngsters aspiring to become venture capital professionals should gain experience in the field of finance or banking after studying, as such experience is not only required to work in this field, but they are seen as an essential qualification.
It will be mandatory to pass the Common Admission Test for admission to IIMs. After this, IIMs will be admitted to various courses based on CAT score. All private institutions conduct entrance tests at their level for their respective courses.
Registration will have to be done
Venture capital professionals handling the security affairs of a company have to register themselves with the Financial Industry Regulatory Authority. For this, the professional has to take the series-7 examination. This exam consists of 250 multiple choice questions. They occur in two sections. The candidates who pass this exam get the right to sell and buy all kinds of security products.
A person wishing to become a venture capital professional must have the ability to read, understand and analyze the impact of financial records. He has to scrutinize every record thoroughly and keep track of every little detail.
What will be the responsibilities
Venture capital professionals have to work on potential business investment. They have to check every record, financial statement. After thorough examination of the records, questions are asked from people present at all levels of the company. These professionals analyze and try to find out to what extent the potential profit in a business is guaranteed so that the investor can invest millions in this business. Most of these are business startups and the biggest responsibility of a venture capital professional is to investigate their possibilities. These professionals prepare a complete plan for funding after conducting a complete analysis of the potential benefits. On the posts of the board of directors of a venture capital company, a person from that company is also appointed, in which investors are willing to invest money.
The demand for venture capital professionals has also increased significantly as the number of startups in the country has increased. There are many venture capital firms in India where one can get a job. These include Helion Venture Partners, Essel Partners, Bloom Ventures, Sequoia Capital India, Nexus Venture Partners, Investments Capital Partners, IDG Ventures, Fidelity Growth Partners, Naspers, Steadview Capital, Jungle Ventures, Jodius Capital, Qualcomm Ventures, Warburg Pincus Huh. These companies provided funds to many successful startups in the country and helped them stand strong.
On entering this field, you can get a salary package of Rs 5 to 10 lakhs annually. After going to the post of Associate, there is a possibility of getting salary of 10 to 20 lakhs per annum. As experience increases in this field, the pay package becomes more attractive.