Doesn't Duke MMS have horrible IB placements?

Only 2% (Small correction: it's 4%, not 2%) of class of 2014 got into IB. Really? Is it even worth considering applying there? The Fuqua brand name has kinda diluted. Or am I wrong? I think LBS MiM is much better because it's a well known business school around the world, so if even you return to your home country, you still get offers. Plus they have much better IB placements(like 13%).

 

Assuming this is not a troll post...

You are forgetting that not everyone going into the MMS wants IB. Yes, 2% is very low, maybe low enough to look elsewhere, but if past MSF threads are any indication, not every student in these programs wants IB. You also have to consider that even if more students want IB, the brand alone (of any school) is not enough to get you a FT offer. Brand can get you first-round interviews, but you still need to interview well, have good experience (i.e. internships), etc. to get that FT offer.

 

The MMS program at Duke has two things happening.

1) class has a diverse range of career goals so you're going to naturally see less banking.

2) program is large and there are a lot of international students who might go home, go onto another degree, go into non IB roles, etc.

Plus the mix of banking to other jobs changes every year.

Much like investing, prior performance is not a guarantee of future results. Duke has the brand, has been around for a while now and has prior placements into banking which shows OCR and alumni help. If you want banking and go after it you should be able to get opportunities from Duke.

 

Wow, 2%? I mean sure, not everyone wants banking, but I'd bet 25% or more want it. That sucks.

It seems like these masters programs in the US are all about fooling students into thinking the school's brand will save their asses, but in reality, a lot of recruiters don't really want students with masters degrees when there are plenty of target undergrad kids to go around.

The UK is a way better bet since masters degrees are the norm, not the exception.

 

That's what I thought propshop. All the top business schools in UK are more known here than Duke or say HBS. Like the person above said, brand does not get you FT offer but lets be honest here, 25-30% of kids that go to MMS want IB. It's their first choice. Then comes consulting and corporate finance, those are 2nd choices. Remaining 70-75% have different career goals. The reason behind this is because a lot of business undergrads go there for the brand which has been diluting ever since they opened MMS to business undergrads...and all of them have IB as their first choice.

 

I recently graduated from the Duke MMS program. I initially posted that I would not recommend enrolling in the program if you were set on IB, but I think that was premature and have since slightly revised my opinion.

My biggest recommendation would be to talk with recent students about how things really work and the challenges/opportunities they faced breaking into IB or any industry of interest. (Do not just asking these questions at admitted students day.) There are a lot of good and bad things about the MMS program (as I believe there are with any similar program) but ultimately it is all what you make of it.

 

UK masters programs have been around longer and are what MBA programs are here. Comparing them to US programs is not apples to apples.

The website has the 2013 stats for career placements. 27% went into financial services.

 

lol didn't your read my comment? I told you a lot of business undergrads go there for rebranding themselves so they can break into IB. Apparently, very few of them managed to do so. But it's perfect program for liberal arts kids

 
jnhadekjs:

lol didn't your read my comment? I told you a lot of business undergrads go there for rebranding themselves so they can break into IB. Apparently, very few of them managed to do so. But it's perfect program for liberal arts kids

Do you have any numbers to back this up, though? As in "34% of this year's class specifically chose this program to break into banking and only 2% accomplished that?" Or am I supposed to just think "oh this jnhadekis guy says that they're all going there for IB and lol none of them got it?"

Commercial Real Estate Developer
 

Having spoken to 10+ alumni and current students of the MMS program, I can assure you that IB is not even close to the most sought after career among the students there. Most people go for consulting and it's not even close. It's really more like around 10% go for IB and 2% gets it.

 

What KDDA described is much closer to reality, but I will try to add a little more clarity based on the 2015 class.

I would say ~15% of students came into the program and thinking they wanted IB and ~ 5% have been successful so far. (This obviously changes quite a bit year-to-year)

The group seeking IB can be divided into 3 major categories:

  1. 5% - This group came in with decent backgrounds and were prepared for recruiting and understood what they were getting into, but needed another shot at recruiting, networking, or some other minor boost. Also, some international students fell into this category who wanted to work in the US. High placement rate

  2. 5% - This group had almost no shot at IB out of undergrad, and required: a complete re-branding, a GPA overhaul, or a way to overcome no prior experience. Fairly low success rate to this point .

  3. 5% - Quickly realized IB wasn't for them and pursued something else.

Notes: The program is not focused on placing into IB. If you are set on BB/EB, you more than have your work cut out for you and you better have started networking/sculpting your resume long before you step on campus. (Actually ,this is true for anyone interested in IB)

If you come from a non-target, the Fuqua name will open up some doors but you are still less desirable than Duke Undergrads and do not compete with the MBA program. (This is the case at most programs)

I think three factors will cause these types programs to have more success down the road: more elite schools are starting offering one-year masters program, class size is generally small (with only a % seeking jobs in finance) so it will take years to build a solid alumni base, and these programs are fairly new so majority of current alumni are still in low-level positions and do not hold much power. (However, I have found that alumni are more than willing to help in any way they can)

 
jnhadekjs:

lol didn't your read my comment? I told you a lot of business undergrads go there for rebranding themselves so they can break into IB. Apparently, very few of them managed to do so. But it's perfect program for liberal arts kids

I recall your trolling against Villanova, calling re-engineered admission statistics as fraud. @TNA' You're coming back again?

Duke MMS never advertised like an IB pathway. It's more like a generalized Business Fundamentals ($10k at UCLA Extension) with Fuqua Alumni Network package

Otherwise, if Duke really makes some pre-experience program for IB entry, you should call it the Duke Master in Finance.

Don't generalize everyone and say "lots of business grads go there for rebranding themselves so that they can break into IB"----If one wants IB and enters Fuqua MMS, that's a terrible move. I would not do that.

 
Best Response
shuang19:

Don't generalize everyone and say "lots of business grads go there for rebranding themselves so that they can break into IB"----If one wants IB and enters Fuqua MMS, that's a terrible move. I would not do that.

I don't think you know what you're talking about. Besides MIT and maybe CMC, Duke's IB recruiting will most likely be better than any top MSF. Also, the Fuqua alumni network is much stronger than most MSF programs. You have access to Duke undergrad recruiting which is a full target, compared to semi-targets such as Vandy/WUSTL/BC. I've spoken to students at almost every top MSF program, and the sentiment was always the same, that their program is 'sorta a semi target for MM firms'. At Duke, you have access to their undergrad recruiting which is a full-on target school. If you come in ready for recruiting season with the right background and preperation, IB is completely achievable.

 

Correct me if I'm wrong, but the program really isn't designed for career switchers, who people trying to break into IB would count as.

For anyone who has experience with it I'm curious what types of careers this program would be good for.

 
Easy C:

Correct me if I'm wrong, but the program really isn't designed for career switchers, who people trying to break into IB would count as.

This is very much how the came of to me too. Two years out of undergrad I inquired into the program, and an admissions advisor more or less told me to just wait and do a MBA because I would be too old (25-26) when class started.

Commercial Real Estate Developer
 

So I just realized you can look up past year's employment reports. Did nobody do this?

The following numbers are each year's IB/S&T/Buyside/Combined percentages.

Year - IB %/ST %/BS %/Combined % 2014 - 4%/5%/4%/13% 2013 - 16%/?/?/16% 2012 - 5%/2%/7%/14% 2011 - 8%/5%/5%/18% 2010 - 16%/2%/4%/22%

That data indicates an average of 10% IB placement and 17% high-finance placement over the past 5 years. Certainly better than the 4% last year and I think it proves that IB is completely possible from the program.

 

lol @bashfulpanda" there is no way Duke MMS has better IB placements, history, or chances than Vanderbilt and, to some extent, WUSTL. Just no. A quick look at Vandy's placement stats had them at 31% of the class in IB this year and another 26% in investments/research. WUSTL published 34% in cap mkts/research and another 24% in Asset Management. No one who wants finance and gets into these schools should choose Duke (all else equal), that would be absurd. If I had to rank Duke MMS for finance i'd put it firmly within the tier 1b section (where Nova and UT reside).

Array
 
BobTheBaker:

lol @bashfulpanda there is no way Duke MMS has better IB placements, history, or chances than Vanderbilt and, to some extent, WUSTL. Just no. A quick look at Vandy's placement stats had them at 31% of the class in IB this year and another 26% in investments/research. WUSTL published 34% in cap mkts/research and another 24% in Asset Management. No one who wants finance and gets into these schools should choose Duke (all else equal), that would be absurd. If I had to rank Duke MMS for finance i'd put it firmly within the tier 1b section (where Nova and UT reside).

Duke is a management program, not a finance program. Hence the variety of placement. Their program is also bigger and more international.

This is why rankings are dumb. I'm sure no one with a Duke brand on their resume is going to feel inferior to a Vandy grad.

Can't we all just get along.

 

I really don't get the fighting. Duke places into IB as well as elsewhere. The class size is big and it isn't all just finance people. Not everyone wants to be a banker. If you prep and network you'll get interviews at all the schools.

And keep in mind with duke. If you're not a business UG, you'll have a lot of competition Within the program. Also, while duke has great OCR, they also have a great UG and MBA program. You're compition will be fierce.

Just look at their placements. the program does fiNe. I know plenty of duke mms grads doing very well.

 
BobTheBaker:

I completely agree that Duke is a fine program, but lets not get outrageous and say it gives an equal chance at high finance as Vandy/WUSTL. Thats ridiculous.

I agree in general, but if you're a non business grad these programs will be easier on you. You'll stand a better shot at finance with a 3.8 at Duke than if you struggled at Vandy with a 3.1.

Just saying.

 

WUSTL and Vandy place almost exclusively into boutique and MM. I talked to students at both programs and they said BB is near impossible. Not the case at Duke. They are placing 10-15% into IB when like 20-25% of the class is going for the jobs. But believe what you want.

 
bashfulpanda:

WUSTL and Vandy place almost exclusively into boutique and MM. I talked to students at both programs and they said BB is near impossible. Not the case at Duke. They are placing 10-15% into IB when like 20-25% of the class is going for the jobs. But believe what you want.

I just got back from Vandy and talked with students going to wells, goldman, Lazard, stephens, etc. This is current year. Not too shabby if you ask me. I'm sure there are more, but this is just off my memory.

 
TNA:

I just got back from Vandy and talked with students going to wells, goldman, Lazard, stephens, etc. This is current year. Not too shabby if you ask me. I'm sure there are more, but this is just off my memory.

And you didn't grab beers with me? The shame

Commercial Real Estate Developer
 

This is simply not true, as things are currently set up BB is nearly impossible from Duke MMS. However, I have spoken with the career management center and this may change a little starting next year because they are planning to make some changes to the first summer term that will increase exposure early on in the recruiting cycle for top applicants. (This will not change the fact that to be considered a top applicant this early in the program you will still need solid UG stats and internships)

 

I would say approximately 90% of the students in my MSF class were shooting for IB. I can tell you that everyone who contacts me regarding WUSTL's placements highlights a strong preference for IB. I can tell you that I work with a lot of MSFs (especially from Vandy) and all of them either (a) wanted IB or (b) are transitioning/hope to transition to IB. I can also tell you that, based on my conversation with Nova students, IB placements (or lack-their-of) are a very big deal.

I'm very skeptical of anyone who claims that poor IB placement is the result of a 'lack of desire' to end up in that function. I also believe that there are strong conflicts of interest and desire to defend one's choices/programs on this website and that it leads to a lot of misinformation. Bring on the monkey shit.

“Elections are a futures market for stolen property”
 
Esuric:

I would say approximately 90% of the students in my MSF class were shooting for IB. I can tell you that everyone who contacts me regarding WUSTL's placements highlights a strong preference for IB. I can tell you that I work with a lot of MSFs (especially from Vandy) and all of them either (a) wanted IB or (b) are transitioning/hope to transition to IB. I can also tell you that, based on my conversation with Nova students, IB placements (or lack-their-of) are a very big deal.

I'm very skeptical of anyone who claims that poor IB placement is the result of a 'lack of desire' to end up in that function. I also believe that there are strong conflicts of interest and desire to defend one's choices/programs on this website and that it leads to a lot of misinformation. Bring on the monkey shit.

90% desiring for IB? This is going to be a crazy cohort.... I'm glad that I don't require a job after MSF

 
Esuric:
I would say approximately 90% of the students in my MSF class were shooting for IB. ... I'm very skeptical of anyone who claims that poor IB placement is the result of a 'lack of desire' to end up in that function. I also believe that there are strong conflicts of interest and desire to defend one's choices/programs on this website and that it leads to a lot of misinformation.

Here! Thank you! +++

 

Not every program, every year, is full of IB hopefuls. Reality is many programs have a bunch of people that say they want IB, but don't prepare for the interviews of network properly. MSF programs can't do everything for you. IMO, the best way for a program to show their ability is to list firms that MSF students interview with. All the top schools will still have tons and tons of ib interviews and the schools with less IB placements will be able to delineate what is the programs fault and the students fault.

In my class I would say 50% wanted IB. Handful wanted real estate, others wanted F500. Some just wanted to stay in school. When it all shook out people got a variety of jobs. I've see that play out everywhere in every program. This is why I tell people to tone down their admissions essays and try and present a realistic picture. Programs want kids they can place, not people that are Goldman or bust. Even if that is your opinion, I highly recommend moderating this.

I've heard from countless adcoms and career service individuals that this is something they look at when gauging maturity, realistic expectations and ability to place when looking at applications.

 

A MSF is not a golden ticket. It's a second opportunity to what you've already done in undergrad. If you think by just enrolling in the program you'll get FT offers, even with a Fuqua brand name, you are highly mistaken. Most successful people who place into IB out of an MSF could have done so out of undergrad. Either they wanted a location change, a deeper depth of knowledge, or personal factor that drove them to pursue more academics. Sadly, a lot of people don't realize this. While a degree can be an important factor, the degree itself doesn't make the candidate.

 
Scott Patrick:

A MSF is not a golden ticket. It's a second opportunity to what you've already done in undergrad. If you think by just enrolling in the program you'll get FT offers, even with a Fuqua brand name, you are highly mistaken. Most successful people who place into IB out of an MSF could have done so out of undergrad. Either they wanted a location change, a deeper depth of knowledge, or personal factor that drove them to pursue more academics. Sadly, a lot of people don't realize this. While a degree can be an important factor, the degree itself doesn't make the candidate.

This is completely incorrect. The people who go IB out of an MSF could not do it from undergrad. This is precisely why they decided to attend the MSF in the first place. I myself had no chance of landing a FT, FO position anywhere without the degree. It's true that the MSF is not a 'golden ticket' - no degree anywhere is, but it's retarded to say that most people go down the MSF route because they want a 'location change.'

The fact is that people spend 10s of thousands, if not 100s of thousands, on graduate degrees because they want to get jobs. Period. People need to stop defending shitty programs with shitty placements.

“Elections are a futures market for stolen property”
 

I guess what I was more going at was IB offers they weren't comfortable with. Possibly not BB or in a city they don't like. It's kind of a toss up. There are plenty of good MSF programs out there that can merit the $$$, however most of the time it's for driven students. Too many times you see people go after a MSF without totally knowing what they are getting themselves into (i.e. they don't network while at their MSF, they just expect the degree to do the talking). Then people are surprised that a low percentage of MSF graduates get IB. Granted, a lot of them don't want to get into IB in the first place, but I would bet there is a good percentage of MSF students that simply still couldn't get a IB offer, so they go into another financial field.

So what I was trying to clarify was that people who get into top MSF programs usually have some internships under their belt in IB or S&T. And yes, there will certainly be educated people without experience at an MSF. And while I'm on it the truly top programs for MSF are abroad (think Bocconi, IE, Esade, SSE, ect.)

I may not necessarily be an expert, but it just takes simple research and reading up on a few programs here and there.

 
theebreadwinner:

Yeah show me the guy who turned down a FT offer to do an msf

I've heard of a bunch of people do it for MIT. I have heard of plenty of people do it for good jobs outside of IB. And I've seen people quit well paying jobs that they weren't happy with to go back to school and try for something different in a different location.

Not everyone wants IB.

 
theebreadwinner:

MIT/Princeton I can understand

All I am saying is that this website is myopic to the larger finance world out there. I speak to tons of people that don't want IB, but want a reset or to enhance their career. Lot of people want grad school for grad school. If you are using an MSF simply as an IB springboard you are spending a lot of money for nothing, IMO.

 

But a non-target with zero OCR has few options, which makes the MSF attractive. IB placement isn't stellar in any of these programs (besides the elite MIT/Princeton), but there still is some placement. A non target UG generally has .0001% placement. The only other option is to hustle as hard as possible to hopefully land a spot somewhere.

Time is a factor too because you generally want that analyst stint as young as possible.

If the MSF is a waste for IB, then what is a better option? I ask this with respect, not being a jerk

 

well see my UG is nearby one of the top MSF. but we don't get much opportunities, even scarce for OCRs that compete with the MSF school's undergrad directly. So I agree that nontarget taking MSF/MFE is a way to get into deeper financial industry

I did hear someone who entered boutique IB from our no name UG with networking. it is phenomenal though, he isn't even taking Finance major

 

I attended MMS and can graduate that MOST of my classmates didn't want IBanking. Only about 10% maximum wanted that so that's why the stats indicate that. Most want consulting....

 

5% strategy consulting, 5% IB, 60% employed 2 months (?) after graduation and $60,000 median salary (significant skew). What you would expect from this mediocre, gimmicky program.

“Elections are a futures market for stolen property”
 

I can tell you what I know from people I have talked to either in the program or at Duke.

The classes are taught by the Fuqua faculty, so in terms of who you are learning from it is the same as the MBA's. From what I've been told the courses are very interesting and helpful (econ, accounting, marketing, strategy, etc). Courses are taught with a mix of lecture and cases, but are mostly cases, so you learn a whole different style of teaching and learning.

One downside I have heard, and it might just be the economy, is that the recruiting isn't as structured or as organized as it could be. I think that the recruiting will be much better next year as the program becomes established. They do have large companies that recruit on campus, off the top of my head: Goldman Sachs, Morgan Stanley, PwC, Deloitte, Bain, BCG, RBS, Accenture, McKinsey, etc etc

The students are impressive with varied backgrounds. Even though this was the first year and it was put together kind of quickly (in terms of the application didn't go live until late march/early april) only 60% of the class is Duke undergrads, and I'm sure that this will be much lower next year. There are students from many top universities attending this program.

I hope this helps, if you have any questions just ask and I'll do my best to answer them.

 

Thanks for the info. I've been going back and forth about the best way I can end up with a job in finance. Some people say that new grads,esp those who have had internships, take precedence over other applicants. I don't want to end up wasting time and money if I end up with more education but no job. I wonder what my hiring potential will be once I have this degree versus a new grad from a business school. And by the time I start to apply I will have been out of undergrad for two years with no internship.

 

Duke's program followed Virginia's, and as far as I know, it targets recent grads as well. Graduates from these programs are coming from non-business undergraduate majors; therefore, you're more likely to be competing against college seniors for jobs instead of MBA students.

 

If you're interested in finance, you should look at Virginia's MS in Commerce program or an MSF degree that is quant-light (i.e. Vandy or BC). The Duke program seems like a generalalist program whereas the aforementioned programs require more finance coursework without becoming too techincal for those not interested in sitting in a cubicle and creating new ways for the financial universe to implode.

Virginia's program is in the undergrad b-school and is focused on recent college grads while the MSF programs traditionally have students from various backgrounds.

 

Well what exactly in finance do you want to do?

If you are looking specifically at Investment Banking it will be difficult no matter where you go. I-Banks almost always look for people with experience in internships or analyst positions.

If you are looking at finance in general (maybe Big 4, or smaller banks) then I believe you would have a good chance out of this program, especially after this year as it has a chance to strengthen its reputation. There are several students with experience in this program and while you will not be competing with the MBAs for positions (with a few exceptions) you will have a much better chance to break into the industry (unless you already have great contacts).

The program alone will give you access to the Duke (and Fuqua) alumni network, which that alone is a great help.

 

Algorithmic...could you explain your reasoning behind your statement? Not questioning your opinion...just wondering what makes you feel that way, as I am looking into Masters programs and what not.

Additionally, what are the opinions of the board members regarding a finance undergrad from a non-target attending a program such as Duke's?

I certainly see it as a good way to increase my brand recognition but wonder if I should just look at getting an actual MBA instead. Any thoughts?

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

I wouldn't apply for the program expecting to learn all that much. I mean you will, but it won't be much more than what you'd get out of the 6-week training session and a few months on the job as an analyst. I'd go into it purely for recruitment purposes. Duke is not bad but over this program I'd recommend something like the Princeton/MIT/Berkeley/CMU Master in Finance programs. Stronger talent pool and recruitment, even this year.

 

those quantitative finance programs (princeton/CMU/Berkeley) are not at all comparable to duke's program. they require an extremely strong math background and you will have to have completed math through diff eq as the program will start out with stochastic processes and financial engineering. you really have to be a math/CS or possibly other engineering/physics undergrad to be able to have a shot at those programs. the duke program seems more geared towards liberal arts kids who graduated, couldn't find a job, and now want to get trained in something useful and get another shot at recruiting.

 

"The duke program seems more geared towards liberal arts kids who graduated, couldn't find a job, and now want to get trained in something useful and get another shot at recruiting."

This is exactly who I am-- a liberal arts grad who finds myself wondering why I wasted so much time and money on a degree which has no marketability. Finance is where I would really like to be. But, having had no internships or an undergrad business degree, what is the likelihood that a company will hire me after a program like this one year program at Duke or anywhere else? Seems like most companies want new grads. 40k is a lot of money to spend just for the ability to use their recruiting if I find myself without a job.

 

Yeah I understand that you can't really trust anything anybody says on anonymous forums unless they cite some reasonable sources. So here I go:

I graduated from Duke and know a few people in the program. I forget exactly how big the program is, but I think there are approximately 100 students in it. The last I heard, which was a week ago, a total of 1 person had a full-time offer out of the 100 students, and I think that student did his undergrad at a top Ivy. Do keep in mind that about 90% of full-time oncampus recruitment at Duke commences in September and winds down in late November. So the fact that only one person has an offer in early November is pretty bad.

A lot of firms do target Duke. However, I am told that it is rare for anybody in the MMS program to get even a first round interview with respected I-banks, hedge funds, PE shops, and prop trading firms. Some of the Duke undergrads that I know in the program have excellent track records and all of them could not get 1st round interviews with any of the bulge-brackets nor even firms like PwC. These firms would rather interview Duke seniors and Duke MBAs who have top-notch grades and internship experience.

So my advice would be to not even apply.

 

algorithmic_alpha,

I also graduated from Duke, although some time ago and have a couple of friends in the program and what you have said is just "sort of" true.

More than 1 person has an offer from this program. There are people with offers from MS and RBS in terms of the banking world. There are also several students in late stages of interviews (at some big firms).

The finance market has been very tough for students this year, but I would wait to pass judgement on the program until a little later down the road.

 

I am glad that more than 1 person has an offer. Maybe things changed since a week ago. Both MS and RBS are obviously great firms and I would rather work for them than do my current job. As you can see, I am on this forum while at my 7 to 7 job. damn...

And yes I am sure that a little down the road, things will be better. But the OP wants to get the degree like right now, it sounds. That seems like a terrible idea to me. I would rather suggest that he work a few years, get a good score on the GMAT, and then apply for top MBA programs such as the Fuqua MBA. This is precisely what I plan on doing.

I also know how entry-level recruiting works. Firms like to hire people right out of school (obviously sometimes this is not true, but I am speaking for the average scenario). So if the OP attends any program, say the Duke MMS or any of the Master degree programs and then fails to get a job, that really is bad. If you do not have anything right out of school, you become cold commodity so to speak. So I am not passing judgement of how academically useful the program is or how prestigious Fuqua is (believe me, Fuqua is an amazing place), but I am rather considering the practicality of the degree.

 

Any update of the recruiting situation for Duke's MMS program?

I am looking at dropping an application for the program, which is rather expensive and I am curious how the recruiting went?

By the way, I am a finance undergrad from a completely non-target private school, 3.3 GPA, I have an A.A. in Business Administration from a community college (3.7 GPA) and internships in PE and VC. I only had a few interviews in the last year since I graduated (May 2009) and I am contemplating the program in an effort to re-brand myself and move into finance.

Any thoughts?

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

From the information I have:

Recruiting this year is difficult, regardless of the school, but overall you will have good opportunities from this program.

The one thing to keep in mind is that although you will have access to all of the undergraduate opportunities, as well as several Fuqua specific opportunities, you will be competing against many Duke undergraduates for these positions.

The companies that recruit for the MMS program will be the same as those that recruit at Duke, with a few additions (marketing firms and some boutiques come to Fuqua specifically for MMS).

This year placements have been scattered throughout industries, because the program is meant to attract people with different career goals (not just finance and banking people).

 

Thanks for the response/info. It definitely seems like a good opportunity with potentially some good career options on the back end but given my virtually non existent opportunities at this point, I feel like I have to do something to make myself more marketable.

I guess I am struggling with the decision given the further debt I would be putting myself in and the thought that I would probably end up at a MBA program sometime down the road, assuming advancement in my career called for it...so there is "over lapping" there given the extra year of school and dollars spent.

However, on the other side of the coin, whats 40k in the long run if....a) I cant secure a FT position that is relevant for where I am heading career wise within the next few months and b) it provides me opportunities I am not already afforded or otherwise would be given due to the lack of "pedigree" in my resume.

Any additional insight would be appreciated.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

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Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

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success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”