Need serious advices related to Master of Finance or not
Hey,
I have been in rx consulting for about a year and a half and got laid off. I tried to get another job for about 4 months but seem to not get anything in my hand. Just got rejected from the final round and according to the recruiter, it was purely due to someone else having more experience getting the job.
I am just wondering whether I should just invest my time to get a Master's in Finance. I have heard that opens up new internships and more opportunities. My understanding is that it would enable to me to apply for SA jobs again. Is that true? Will that be a good option?
I need serious advices...about to break down with all honesty.
At this point, there's little to no value in MSFs for U.S. citizens. The program, generally speaking, is a cash cow aimed at milking international students. A few programs still maintain decent placements, but you'll end up spending ~$70K for a degree/program that will get you to where you already were. Keep recruiting and, if desperate, consider an early MBA. Do you have a sense of what your GMAT score would look like?
hey shyguy thx for your response. I have not started studying for GMAT, but usually excel with exams and should be able to get a decent score. Does early MBA help in anyways? I heard that MBA is pointless if you don't already have 3-4 years of experience under your belt, as you won't be considered for a lot of positions offered for post-grads. Again, thx for your insight. I really need some these days.
The idea that MBAs are "pointless if you don't already have 3-4 years of experience" is misinfo. Sort of like those who say that JDs are "pointless" if you don't make it into a top 15 program. The MBA is the premier, established business degree in the country. It gets the most resources; it has the most recognition; it has established recruiting channels, etc. Certain MSFs have imploded. Others, like Vandy, continue to maintain solid placements, but who knows what will happen in the future? These schools, on the other hand, will never tank their MBA degrees. Career services at many MSFs is bad. You're basically on your own. They don't want MSFs cannibalizing MBA or undergrad placements.
That said, not having a lot of experience will look bad on your MBA application but it's not a deal breaker. Especially now, when MBA apps have been down and programs are less selective than they have been. Once you're in the program, you will build that experience through various summer/winter internships, various externships and experiential programs, etc. You will not be at a disadvantage when/if you're in the program. The school will not treat you worse or deny career services to you. It's in their interest to place you. Those who say that you'll have a hard time "contributing to the curriculum" drank too much kool aid and overstate the rigor of the degree.
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