How Does MSF recruiting work?

I was wondering if any current or former MSF students had some insight into how recruiting for MSF programs works. Do you have the same OCR opportunities as undergraduate students or do employers recruit specifically out of the MSF? Also given that most recruiting happens in the fall, would you not report a GPA within your masters program and only use your undergrad stats?

 

Can't really help you then but these would be my assumptions: -Confused as to what you mean by "do employers recruit specifically out of the MSF?". The positions open to MSF candidates are the same as target undergrads, i.e entry level positions. If you're asking whether some people only take MSF kids as compared to undergrads then a) highly doubt it b) it comes down to where you went to school. -For the GPA issue, I would assume you give your undergrad GPA followed by your current MSF GPA. In the end if you're attending an MSF program (especially in the US) you either a) had too low a GPA to get offers after undergrad b) you went to a non target c) you had no idea what you were doing. The MSF should help with a & b. I'll be starting a program in Europe in September. Have you already applied or are in the process to?

 
Best Response

Honestly that's a good question and I think it depends on your school and your experience. For example, if you have S&T eperience and you want to do that again after an MSF then you shouldn't have much of a problem applying FT. If you have S&T experience but want to do IB then you might have to look into SA positions. Also depends on the school. Some finish in may and let you go into your job immediately after graduation, others are like 13-15 months and basically let you remain a student for longer so you can apply to SA roles (some banks only let current students apply for these) in addition to FT. If you're in a 2 year program then you would only apply to SA roles, do an SA and then start FT the following year. However, I think most people apply directly for FT because the other problem is that a lot of banks (especially the americans) have FT training programs in the summer so if you were to intern in the summer, get an offer then you'd either have to wait a full year to attend training before you start or start immediately after your internship (effectively also missing training), which doesn't seem ideal.

To be honest, I don't think the argument that there are less positions is very true. Getting these jobs is really competitive so really, if you go to say HEC Paris and they're looking for 5 kids this year instead of 6 and the class is of 80 people, that doesn't really change much for you.

 

All the US MSF programs have access to OCR. Most programs have dedicated career service people as well. The programs length necessitates aggressive networking to get interviews outside of OCR and career services.

You'll be recruiting for Analyst roles if you target FO finance roles. Corp finance usually gives you credit for your masters.

 

Since your skillset isn't really for sales and trading, you probably won't land an associate role after graduating. You'd also need to have relevant internships as well as securities licenses, which I'm assuming you don't. For reference, I'll have an MSc in pharmaceutical science from a target by next May, and landed a sales and trading internship selling biotech stock at an NY broker-dealer recently; they'll sponsor me for the Series 7 and 63, and if I'm decent at it, after a year or so I'll be able to transition to sales at the associate level. I could also exit into equity research, and have had interviews for that recently, as well.

 

If you have a stem degree, are you qualified for more quant roles? How're your math/probability theory, and quantitative problem solving skills? Of course, you'll have a better chance landing those sorts of roles if you're interested in them. Like anything else, having some points on your resume that show previous interest are very helpful. Potentially down the line you could transition into trading if you want, but I think this could be your foot in the door.

 
If you have a stem degree, are you qualified for more quant roles?

I am not interested in developer or quant roles.

How're your math/probability theory, and quantitative problem solving skills?

They're pretty good. I am aware that I could go into prop trading from my program, but I would hope to go into S&T because of the greater career flexibility.

 

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