MSF Question and Answer
I get a ton of emails and answer a ton of posts asking similar questions so I thought I would answer the most common ones I get here and allow others to post their questions so everyone can see them and the subsequent answers. Hope this helps.
Summer Analyst Eligibility
• The SA position is really structured for undergraduate students. The whole reason undergraduates go for a SA position is because they aren’t ready to work full time. If you are in a one year masters program is really doesn’t make much sense to try for an SA spot when you are eligible for FT analyst recruiting.
Now if you feel that you need internship experience in order to be more competitive then your best bet is to look for an unpaid internship or something off cycle. This will give you FO finance type experience, increase your knowledge and something you can do during the school year thereby not making you ineligible for full time positions.
Does this mean you can’t apply for a SA gig? No. Smaller banks might be more open to this and through networking you might be able to go over HRs head, but if you can go for full time recruiting I would advise you do so.
Admissions advice
• I get this question at least 10 times a week. MSF programs are very different than MBA programs when it comes to admissions. You need to have the quantitative ability to succeed in the program and you also don’t really get points for having diverse experience like you do in an MBA program. It is a specialized degree after all.
Low GPA (3.0 and below)
• Not a deal breaker. You need a strong GMAT (650 or higher). You need some finance internships and/or work experience. You need to explain when your GPA was low. You need to have a polish application. I’ve helped and know people with sub 3.0 GPA’s get into all the main programs that everyone asks about.
Low GMAT (600-ish)
• Once again, not a complete deal breaker. You need to have a higher GPA, work experience, something to offset you. Lower GMAT will lower your shot at some MSF programs that tend to really focus on gmat scores, but it isn’t a deal breaker like it would be in the MBA world. You just need to really be able to sell the fact that you can handle the rigor of the program and get a job.
No work experience
• This won’t hurt your application, but it could hurt your recruiting. You really want to have some type of work/internship experience on your resume. There are so many things you pick up from having to show up to work and work with other people that can’t be replicated in school. Get some experience, somehow.
What program should I attend?
• The million dollar question. You need to ask yourself where you want to work, do you need an internship, what type of career you are looking to get into, do you like the campus/surrounding area/program, etc. This isn’t a math equation. Villanova is very different than Ohio State. WUSTL is very different from Claremont McKenna. Dukes MMS program is very different than UT Austin. MSF’s are very regional and place as such.
Different programs also provide different internship opportunities throughout the school year. They are also set up differently. Some have a cohort where everyone takes the same classes together. Some have a hybrid program. Some have students take MBA level finance classes.
And why do I say you need to decide this yourself? Because if you can’t figure out where you are most comfortable and what you want to do once you graduate you are going to have trouble regardless of where you go. Indecision is probably the biggest thing working against MSF students because of the tight timeline everyone is working under.
You need to know what you want to do and how you are going to go about doing it before Day 1 of class. And this includes knowing basic questions about yourself and career which easily narrow down which school you want to attend.
MSF Rankings
• There are none. A lot of stuff is ad hoc and puts MSF programs into tiers or whatever, but the degree and schools offering the degree haven’t reached the level of the MBA degree. Even within the MBA you can’t just look at pure rankings without factoring in career aspirations and local. Best thing you can do is look at placements and program locations and choose accordingly.
MMS vs. MSF
• MMS is a great degree and has some overlap with the MSF so it is often seen as a competitor. The main thing to consider is that the MMS is basically an MBA for students without the required work experience. It is ideal for those students who have liberal arts undergraduate degrees and are looking for a general, business overview. While it can place you into a financial role, I think too many people pursue it simply because of brand value which I feel can be a risky bet.
CFA vs. MSF
• CFA is great, but is a poor comparison. Many MSF graduates get their CFA and many students who have L1-L2 completed pursue an MSF. Both are great, have value and should be considered independently.
MSF vs. MBA
• Same advice as above. MSF is more of a mini reset button, allowing students another year in college to pursue their goals. MBA is for experienced individuals looking to rebrand, change careers or advance in their current industry.






Any other questions post here
Any other questions post here and I will answer them as they come.
MSF Website
MACC Website
MSF Twitter
Are companies still confused
Are companies still confused what exactly a MSF is and why it different from other degrees? I ask because I always used to hear that people had to spend a considerable amount of time in each interview explaining to the recruiters what degree they are actually getting, let alone why it is valuable.
Anthony, great post. When
Anthony, great post. When interviewed for FT, I am sure the question of "Why MSF?" will come up. How can you defend your choice when you pursued an MSF for another shot at FT recruiting?
Anthony, do you know how
Anthony, do you know how easy/difficult it might be to get a summer internship at a bank or boutique? Not necessarily an SA position per se, but just showing up and helping out/learning the environment. Also, to what extent would someone who does this be disadvantaged in comparison to other MSF students who have done SA positions before??
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cakepie: Are companies still
Are companies still confused what exactly a MSF is and why it different from other degrees? I ask because I always used to hear that people had to spend a considerable amount of time in each interview explaining to the recruiters what degree they are actually getting, let alone why it is valuable.
More people are starting to know about the degree, but it is still not as well known as other degrees. Have a 10 second elevator speech to describe it.
"One year, specialized graduate degree focused entirely on finance." Something along those lines.
MSF Website
MACC Website
MSF Twitter
KKS: Anthony, great post.
Anthony, great post. When interviewed for FT, I am sure the question of "Why MSF?" will come up. How can you defend your choice when you pursued an MSF for another shot at FT recruiting?
You wanted to study finance more in depth. You tried your best, but couldn't secure a FT position and wanted to learn more while having another shot at recruiting. You wanted to do banking and tried, but realized that you needed to beef up your resume so you did a masters, interned and XYZ.
MSF Website
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HowardRoark: Anthony, do you
Anthony, do you know how easy/difficult it might be to get a summer internship at a bank or boutique? Not necessarily an SA position per se, but just showing up and helping out/learning the environment. Also, to what extent would someone who does this be disadvantaged in comparison to other MSF students who have done SA positions before??
Send out emails and call up boutiques in the area. This is why I mention in my original post that you need to know what you want to do and what you need to do to achieve this. If you feel like you need an internship you are better off picking an MSF program located near an urban area with potential internships. If you already have an SA or two you can decide on the program without thinking about the need to intern.
Are you at a disadvantage? Yeah, I would say so. You can make up for this with a good GPA in your masters, an unpaid internship, superior networking skills, etc.
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Great post ANT, this needs to
Great post ANT, this needs to make the front page.
"They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety."- Benjamin Franklin
Thanks for this ANT, I did
Thanks for this ANT, I did have a few questions about this, some which you answered in your initial post.
I live in and was hoping to stay in LA, so looks like I need to target Claremont initially.
How well does a MSF(or even a MAcc) help in rebranding if you come from a total non-target with a poor GPA(2.8-3.1 area).
Does the MSF place ok into Consulting at all or mainly banking?
Top MFin programs(MIT, UCB, CMU etc.), poor GPA but killer GMAT, still a chance?
Do these programs consider age heavily?
Again, thanks for doing this.
thanks ant, will put this up
thanks ant, will put this up on the homepage
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another helpful post on the
another helpful post on the msf: http://www.wallstreetoasis.com/blog/time-to-respec...
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ANT, At what point (amount
ANT,
At what point (amount of work experience) does the MSF start to lose value? For instance, would it still be valuable for someone with say three years of less than ideal work experience (i.e. brokerage followed by boutique ER)? Less valuable for that person than a person still in undergrad?
Thanks.
I find it kind of hilarious
I find it kind of hilarious that TNA has changed his name a few times and everyone still knows his as the loveable curmudgeon that is Anthony.
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Great Stuff
Great Stuff
twinb: Thanks for this ANT, I
Thanks for this ANT, I did have a few questions about this, some which you answered in your initial post.
I live in and was hoping to stay in LA, so looks like I need to target Claremont initially.
How well does a MSF(or even a MAcc) help in rebranding if you come from a total non-target with a poor GPA(2.8-3.1 area).
Does the MSF place ok into Consulting at all or mainly banking?
Top MFin programs(MIT, UCB, CMU etc.), poor GPA but killer GMAT, still a chance?
Do these programs consider age heavily?
Again, thanks for doing this.
Claremont is the best West Coast MSF and one of the best in the country. They are also very, very selective. You might run into issues with a GPA in the range. You are going to need a very, very good GMAT also (think 720+).
MSF's can and do place into consulting, but it is usually somehow related to the financial industry. Depending on how you spin it you can go into other areas I suppose.
Two of the top "MSF" programs you listed are MFE programs. They are also some of the best programs and will probably have high GPA and GMAT requirements. Once again, not saying no possibility, but I would have some other schools as back ups.
Age is generally not focused on, but if you are more of an MBA candidate you should be prepared to answer the "Why an MSF and not an MBA" question.
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nebben2k10: ANT, At what
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happypantsmcgee: I find it
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MsF at non-target and
ANT, First off, this is my
csb5255: ANT, First off,
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+1 great post Ant. Hit me up
TNA: HowardRoark: Anthony,
It's not about the money. It's about the game between people.
Ichan: TNA: HowardRoark:
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How do you feel about
IB_hopeful: How do you feel
MSF Website
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TNA: IB_hopeful: How do you
The
MSF Website
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Does it make sense for a
When she fucks with The Weeknd, I call her up on weekdays
JYFresh: Does it make sense
MSF Website
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Hi, I am based in the UK
clungeandman: Hi, I am based
MSF Website
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MSF Twitter
Can you elaborate on the
Is a low GMAT score (650-700)
'Before you enter... be willing to pay the price'
clungeandman: Can you
MSF Website
MACC Website
MSF Twitter
BepBep12: Is a low GMAT score
MSF Website
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Great information. Thanks. I
hewenxun376: Great
MSF Website
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TNA: Age is generally not
would you recommend an MSF
I'm a senior at a non target
Is the GRE not valued as
twinb: TNA: Age is
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CKIB91: would you recommend
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watdo: I'm a senior at a non
MSF Website
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aurelius: Is the GRE not
MSF Website
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Silver Banana to Anthony for
This might not apply to
'Before you enter... be willing to pay the price'
I am in the EC major, and
i am applying to MS Finance
"A man travels the world over in search of what he needs and returns home to find it." ~George Moore
Great info and helpful!