Does school name matters in mutual fund/money management careers?
I am an international student from India. I am an econ major and going to take GMAT this summer. I am planning to move to the US for my masters. Earlier I had plans of Europe but it won't be possible now. I looked for some schools in USA for which I think I am fit. My career goal is to end up in money management. I am not looking for any quant investment jobs.
I am going to apply to UMaryland's MS in Finance program. I know it doesn't have the reputation of Vanderbilt or McCombs or MIT or BC but I thought of it being close to T Rowe Price, Legg Mason in Baltimore and other opportunities in DC area. I intend to stay in US and DON'T want to go back. I understand that it is very difficult for international students to secure full time placements in US but I am willing to deviate from my goals if necessary.
I am a little worried about the job opportunities in US as an international student because I fear being rejected by asset management firms because they could source citizens easily from undergrad programs. Do you think it would be a good idea to join a F500 firm if I fail in getting a gig at AM shops and gain experience in industry then move on to fund management later as I could have industry knowledge to offer to AM firms? @Esuric" @TNA" I have followed some of your threads and comments and I request you to help me because I am very confused. A lot of information is available on IB but not on money management careers.
I also request other professionals working in AM for suggestions. I am planning to take CFA L1 too by June next year.
1) Brand is going to impact your career. That being said, Maryland isn't horrible, especially within its geography. Just adjust your expectations accordingly.
2) An international student from India is going to face a lot of hurdles. Getting sponsored is very, very hard. Adjust your networking and applications accordingly.
3) IMO, I would apply to a number of programs, but especially Vanderbilt, UTA, MIT, BC, etc. Assuming you have the right profile. All are "better" than Maryland from a brand and recruiting perspective.
4) Baltimore is a small city with a limited financial sector. Be prepared to dig deep if that is where you want to be. Also realize you will largely have to look elsewhere for a job. Don't let Baltimore be the only reason you go to Maryland. You'll most likely be disappointed.
5) IMO, CFA is the gold standard with AM and ER type jobs. The MSF is nice and all, but the CFA still rules the day.