Masters in International Affairs Worthwhile?

Not a finance question. But didn't know a better place to ask.

Curious if anyone on the forum has any experience with or knows anyone who's done an MA in International Affairs.

Not necessarily looking to study it to work at a global macro fund/hedge fund but more an institution like the Federal Reserve/World Bank/IMF/ US Treasury.

I'm debating whether it would be worthwhile at all to take out approximately 120k in loans for a degree that wouldn't lead to a big pay increase like an MBA, MD, or JD (and even that is questionable)

 

I do know that most programs have different sub programs within the MA/MS

Most have a security studies sub-program that focuses on international security, terrorism/counterterrorism, etc.

But also have a finance and economics sub-track as well too.

Anyone have any insight on the value of such a program vs the steep cost?

 
buybuybuy:
I know a guy doing SAIS. He is a beast, so I imagine it is a great program.

Buyx3 do you mind sharing your friend's background (no need for specific company or school names) before going into SAIS? And do you have any idea what he wants to do with his degree after he's finished?

 

Why wouldn't you get something a bit more applicable to banking? I know you're trying to hedge against not getting an offer but, depending on your UG Major, there should probably be something a bit more in the vein that you're looking for (MA Econ, International Political Economy, etc.). Plus I'm not sure if you would have the same access to OCR as undergrads or MBA students as you wouldn't be in the school of business. Might be a good question to ask someone in your program.

If I had asked people what they wanted, they would have said faster horses - Henry Ford
 

I took a masters in International Relations Middle East at a top UK University and have landed a MM S&T ft gig, my advice would be to load up on useful modules i took more than half of mine and my dissertation in Islamic Finance, gave me something interesting to talk about in interviews and it was semi relevant. Hope that helps.

 
FinancialNoviceII:
How do Masters in Public Policy with concentrations in Economics/Finance fare?

Got offers from Cornell, Georgetown, and now UPenn..

Hey I'm curious what you ended up doing, I'm going to be in the same boat with applications, but Berkley instead of georgetown. Where did you end up going? How are you liking it? What are the exit opportunities like? Where will you be going after? Sorry about the ambush of questions here
 
angelinajolie:
FinancialNoviceII:
How do Masters in Public Policy with concentrations in Economics/Finance fare?

Got offers from Cornell, Georgetown, and now UPenn..

Hey I'm curious what you ended up doing, I'm going to be in the same boat with applications, but Berkley instead of georgetown. Where did you end up going? How are you liking it? What are the exit opportunities like? Where will you be going after? Sorry about the ambush of questions here

Didnt go to any of the schools mentioned. Ended up at the Fletcher School in Boston doing a combined degree with Tufts and Harvard.

 

If you are doing it solely to make more money in the next 5-10 years I would advise against it - it probably won't help you climb the ladder in banking or the buy side. That being said one of the most successful guys I know (partner at Carlyle and runs his own fund now) did the Wharton MBA/SAIS international affairs combo. I think it would be intellectually stimulating and enjoyable, but doubt it would help me become a better investor.

 
Gray Fox:
If you are doing it solely to make more money in the next 5-10 years I would advise against it - it probably won't help you climb the ladder in banking or the buy side. That being said one of the most successful guys I know (partner at Carlyle and runs his own fund now) did the Wharton MBA/SAIS international affairs combo. I think it would be intellectually stimulating and enjoyable, but doubt it would help me become a better investor.

SAIS is a great program and with the ability to tailor it to your preference, many students head into the finance field. Scope here if money is the motivation, however they are IR schools. Realism is necessary.

 

I'd steer clear of Chicago. More academically orientated. However, you have the option to do dual degrees perhaps with Econ, Finance, etc.

SAIS definitely caters to private sector careers, not sure about HKS but I would imagine it has its fair share.

 

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