LSE MsC in Financial Economics --> FT BB IBD Analyst in London
Just wanted your opinion on something. I am an undergrad at a top 3 (edit: consistently ranked in the top 3) US undergraduate accounting program. I am interested in working in London at a BB IBD. I was wondering if anyone knew if the BBs hired out the MsC in Financial Economics or even MsC in Accounting and Finance from LSE to a 1st year analyst.
Any suggestions on other programs that might get me into recruiting with BB in London. School and program would be great, though the would all have to be graduate degrees w/o any full-time work experience.
I do not know much about the programme you mentioned, however LSE will open many doors in London. For IBD in london LSE MSc Finance, LSE MSc F&PE, Oxford MFE, LBS MIM are the best in my opinion. Notice that if you are recruiting for FT you will need previous internship experience or you better apply for SA.
Of the LSE MSc Finance, Oxford MFE, and LBS MIM, which one has the best placement? Or it is pretty similar between the 3 of them?
I would rank them on the same level, maybe LBS MIM is slighty above due to the fact that it's the only undergrad course at LBS. However, you can get interviews from BBs attending either of these programmes, provided that you do your homeworks.
LSE >= Oxford > LBS
Msc Fin is LSE's flagship if you're not looking at research oriented programmes and is basically focused on breaking into the City. Oxford is great and has even better name recognition, but you will miss out on some networking opportunities. LBS is good but their degree is in management, not in finance. You can tailor it somehow but not enough to compete with true finance programmes as you only have one year.
I second masters ' statement 100%
Both programs (FE/A&F) place well into BB/EB IBD. Your lack of work permit (assuming you are American) might be the bigger problem.
Yeah, I am American and I wondered about that. Is that a major problem that will kill my chances or are most banks willing to help with the work permit?
Depends on how good you are. I've seen Americans getting Visa sponsorship before because the company really wanted them.
It's not a major problem, you just have to beat out the competition... and that is definitely possible, considering that I and a few other non-EU citizens in my MSc. (EU, but not UK) will be upcoming SA's in London this summer.
"Top 3 undergrad accounting program"
What does that mean? Do you go to Baruch?
sounded sketch to me too
http://colleges.usnews.rankingsandreviews.com/best-colleges/rankings/bu… according to this, it may be BYU
Sorry, I just meant it is a program consistently ranked in the top 3 for undergraduate accounting programs (e.g., UT/ND/BYU/Illinois-UC).
http://colleges.usnews.rankingsandreviews.com/best-colleges/rankings/bu… (same reference as above)
http://www.accounting-degree.org/best-accounting-schools/
http://college.usatoday.com/2014/09/01/top-10-u-s-colleges-for-an-accou…
These are all top notch programs and all of them place pretty similar. None of them will hold you back in any way.
I was under the impression that its difficult to work over there as an American. Anybody have any experience
Difficult in what way? Be a little more specific and I may be able to help.
Similar to how foreigners need to obtain visas in the us. I thought that it was a hassle to obtain sponsorship, especially for internships
Why would a firm spend the extra money on a foreigner
From my personal experience in the US(working in teams where there were many foreigners), it seems like getting a job in the US as an international is much, much more difficult than getting a job in UK as a North American or non-EU citizen. However, I personally have worked with people in the US (youngest 23, oldest mid-40s) who were Visa holders and had only been working in the states for a few years.
Likewise (as I stated earlier), I know non-EU citizens in my MSc. who, along with myself, been accepted to SA internships in BB's this summer in London. Some of us even had EU citizens from the same school (even the same program) in our assessment centres, but we got the offers while they (in some cases) didn't.
While it's true that the firm does have to go through a few extra hoops and pay a little more money to hire an international student, they're also trying to look for who they consider to be the best candidate. So if the international student happens to be the best candidate (and believe me, many times we are the ones who will go the extra mile to prove ourselves vs our competition who have home-field advantage), I'm willing to bet that a BB won't care thaaat much about forking over a couple hundred (maybe a couple thousand? idk) pounds to get the candidate a Visa. This is for BB's though; I know for a fact that the Big 4 in London will not allow internationals (who are not studying in UK) to even apply for internships, let alone FT.
Again, personal conjecture. Take what I say with a grain of salt, your mileage may vary... BUT do not listen to people - especially people on WSO - who like to spout generalizations on one side of the spectrum or the other.
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