Erasmus University Rotterdam best dutch university for career in IB?

Hello,

My question: I am currently studying finance at the University of Amsterdam. I am considering to follow a master at the EUR. Will the EUR give me better opportunities for a career in ib than the UvA will?

Thanks in advance.

 

EUR and RSM are target schools. I also met a girl, during an interview at DB, who was studying at UvA and she was not there for the dutch team. If you have top notch grades, some international experience, you should get some interviews for internship. Relax, you're fine.

I'm grateful that I have two middle fingers, I only wish I had more.
 

Thanks all for your helpfull responses. Again, one crucial thing comes out: networking. This weekend I will apply for the London Banking Tour. It will be very hard for me to participate I suppose, since I haven't completed an internship yet. I do have 2 parttime jobs besides my study (calculator at technical firm + working at a supermarket, sometimes leading teams of workers). I do have good grates (average 8,1 out of 10), top 5% of the students.

 
luckyluke:

Thanks all for your helpfull responses. Again, one crucial thing comes out: networking. This weekend I will apply for the London Banking Tour. It will be very hard for me to participate I suppose, since I haven't completed an internship yet. I do have 2 parttime jobs besides my study (calculator at technical firm + working at a supermarket, sometimes leading teams of workers). I do have good grates (average 8,1 out of 10), top 5% of the students.

You have other opportunities besides banking tour. Networking with alumni, I guess the FSA has a database available with alumni that you can contact. You can also do internships with the dutch banks, every little bit helps. And remind that some positions are only available when doing a Masters degree.
 
Ted Mosby:

EUR is pretty shit when it comes to their alumni network, so no help there.
Anyone know whether the FSR has a alumni network? And yeah, I was wondering about the quality of Duisenberg School of Finance.. It doesn't appear in any international rankings.

It's quite new, so it is hard to say. The advantage is that a few banks and other financials services companies initiated this school and therefor you have better access to internships and contacts at those places.
 
klaasv:
Ted Mosby:

EUR is pretty shit when it comes to their alumni network, so no help there.
Anyone know whether the FSR has a alumni network? And yeah, I was wondering about the quality of Duisenberg School of Finance.. It doesn't appear in any international rankings.

It's quite new, so it is hard to say. The advantage is that a few banks and other financials services companies initiated this school and therefor you have better access to internships and contacts at those places.

That was exactly what I was pointing at.

Currently I have the following ideas for how I finally want to land a job in the IBD: - (currently I am in my 2nd year, bachelor is 3 years)

  • apply for the london banking tour this weekend
  • join the fsa next year (as an active member, already member by now) --> is this a good decision?
  • apply for the international banking cycle next year
  • gap year between bachelor and master if I can get an intership. this will give me a better view of the industry. Internship besides studying is not possible I think. --> good decision?
  • between bachelor and master / during master --> follow the BIWS excel course, to learn the basics of modelling and the technical part of ib.
  • during master / after master --> prepare for interviews.

I think the most important is:

  1. FSA active membership
  2. Internship between bachelor / master or during summer
  3. Something to set myself apart from other students (maybe my good grade average, top 5% of students)

Would be great if you could give me any advice!

 

I'm in a fairly similar position although I'm at EUR and did a banking internship. Working really hard now to be considered as a serious candidate for the Msc in Finance at LSE. I really think going to LSE just adds a little bit more value than doing a Dutch master. And doing a masters in finance (or something similar) the US right after your bachelor is not possible at most universities without a couple years of full-time working experience.

 
Ted Mosby:

I'm in a fairly similar position although I'm at EUR and did a banking internship. Working really hard now to be considered as a serious candidate for the Msc in Finance at LSE. I really think going to LSE just adds a little bit more value than doing a Dutch master. And doing a masters in finance (or something similar) the US right after your bachelor is not possible at most universities without a couple years of full-time working experience.

Thanks! Would be great if you can something more about your internship / give me some tips :) Please mail me :)

 

Kind of interested whether there are more Dutch students or ppl studying in the Netherlands that are in the same boat. Since I it just so different from the UK/US where you have real target schools.

 
Ted Mosby:

Kind of interested whether there are more Dutch students or ppl studying in the Netherlands that are in the same boat. Since I it just so different from the UK/US where you have real target schools.

Personally I think every Dutch university is semi-target. Since a lot of people are not allowed to attend a university (+/- 80%), whereas everyone can attend a university in the US. Also I have noticed that the Dutch 10 point system is undervalued compared with the 4 point system of the US. Cum Laude in the Netherlands is an 8 and you can't have grades lower then 7 and you can not retake any exam. This is converted linearly to a 3.2 GPA. The US however considers +/- 3.65 Cum Laude. So apparently there is a big discrepancy between grades and Dutch students are undervalued because of that. Also it is practically impossible to graduate with a 10 average, whereas I see a lot of people here have a 4.0 GPA. And also consider the difference between the 4 year bachelor with a lot of freedom in the US and the 3 year bachelor with almost no freedom in the Netherlands and almost everyone completes their Master.
 
Best Response
klaasv:
Ted Mosby:

Kind of interested whether there are more Dutch students or ppl studying in the Netherlands that are in the same boat. Since I it just so different from the UK/US where you have real target schools.

Personally I think every Dutch university is semi-target. Since a lot of people are not allowed to attend a university (+/- 80%), whereas everyone can attend a university in the US. Also I have noticed that the Dutch 10 point system is undervalued compared with the 4 point system of the US. Cum Laude in the Netherlands is an 8 and you can't have grades lower then 7 and you can not retake any exam. This is converted linearly to a 3.2 GPA. The US however considers +/- 3.65 Cum Laude. So apparently there is a big discrepancy between grades and Dutch students are undervalued because of that. Also it is practically impossible to graduate with a 10 average, whereas I see a lot of people here have a 4.0 GPA.
And also consider the difference between the 4 year bachelor with a lot of freedom in the US and the 3 year bachelor with almost no freedom in the Netherlands and almost everyone completes their Master.

You're right about that, but i have never heard before that a company directly converts an 8 on average to a 3.2 GPA. From what i've heard around me, is that all the BB banks are aware of this difference.

@ TedMosby, really good to see that there are other Dutch people around here. I was browsing this forum for a while but never made a post just because i thought my questions weren't relevant because of the totally different system in The Netherlands.

I am quite a bit in the same boat. I also want to break into IB, definitely wanna do an internship but I'm still not sure if I prefer banking, or (financial) consultancy for the future.

I am currently in my 3rd year of Economics & Business Economics at the Vrije Universiteit Amsterdam. My GPA is now somewhere between 7.5 and 8 and I'm pretty confident I will finish my Bachelor with (near) an 8 on average next year. Furthermore, i have done relevant parttime jobs next to my study. I have worked at BinckBank, and now work in the risk management department of a boutique bank from Amsterdam. I also have done a sort of financial commission at my student association.

The thing is, that I am hesitating a lot about which Master I will do and where I will do it. This year, i started with a transition programme which my university offers. I'm following about 40-50 ECTS of the Bachelor in Econometrics, which will allow me to do a Masters in Econometrics, Quantitative Finance to be precise. I chose this, because I saw so many people study Economics/Finance around me, that i wanted to differentiate myself in a way. Besides, i really like the challenge Econometrics gives me and this study gives me a lot more satisfaction.

Because i have to follow 1st, 2nd and 3rd year courses, and I need 1st and 2nd year courses to understand the 3rd year ones, I will have a gap year between the end of my bachelor next year and my Master, in which i will follow only 3 courses. I figured I could fill that year with one/two internships and another commission (FSA maybe). But lately I have been reading lots of comments about how bad the reputation of the Vrije Universiteit is, and how good the reputation of EUR is. I'm not sure anymore if i want to do Quantitative Finance at the VU, or if I should just finish my bachelor here and go right after next year to Rotterdam to do Finance & Investments.

The best thing would be Quantitative Finance at EUR, but i doubt if they accept Economics students from the VU with a couple of Econometrics courses for that Master. I also figured that if i am going to do a gap year, I could also apply for DSF, because they require internships. Any comments on this? It'd be much appreciated.

 

About the GPA, it think an eight converts to a 4.0 GPA. And basically your average grade/2 is your GPA, so that's actually not that bad.

Yeah picking a good Master is the hardest part, especially if you wanna go abroad and have to squeeze in a GMAT test like I have to :/

Btw, I think you can make private groups on WSO, would be fun and quite handy I think to have one for Dutch students going into IB

 

As a general guideline for the GPA conversion, I always just converted my individual grades like this: an 8-10 -> A, 7-7.9 ->B, 6-6.9 -> C etc. Consequently of course, I then average the A's B's and C's into my GPA. Of course this is only a general guideline and many universities and firms outside the Netherlands know of these different scales. An average of around 7.5+ is always a good indication for international institutions that your grades are sufficient.

PS: If there is an private group for Dutch people interested in IB I would appreciate it to get an invite :).

 

Check out the Nuffic grade conversion for a conversion from Dutch to the UK/US grading scale. Can't post the link here but it's a PDF from their website.

In addition; you will get a transcript of grades at the end of your BSc with a table that translates your grades to other grading scales (at least where I studied in NL).

PS: if a private group for Dutch students i would also appreciate an invite :).

 

I am sorry for reviving an old thread, but I'm in a similar situation. I will be studying at EUR starting from September and would like to break into IB. OP, if you're still around, could you tell me what you chose to do in the end? Thank you

 

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