LSE EME vs MIT MFin
Sort of niche question, but for some context, am currently interning at a top HF in NYC (prop trading), and completed my undergrad at a T5 uni prior to this. Have a year to kill, and eventually would like to do an econ PhD in life, and am picking between the MIT MFin and the LSE EME (MIT is allowing me to skip the summer semester).
Curious about the LSE EME program's reputation should I wish to pivot from my firm in NYC and work closer to home in London. In academia it is probably the best Econ masters by a long shot, but just unsure about how it aligns with wanting to do time in industry for a while after since I don't want to do a PhD until later. While the MFin would be useful in helping me come to the USA, I'm not sure it makes sense for someone from my background (strong internship, top undergrad w/ strong grades, etc.) especially given its 2x the cost.
Curious to solicit thoughts, especially from those more familiar with macro shops in London!
Based on the most helpful WSO content, here's what you need to know:
The LSE EME (Econometrics and Mathematical Economics) program is widely regarded as one of the most rigorous and prestigious economics master's programs globally, particularly for those with academic aspirations like a future PhD. Its reputation in academia is unmatched, and it is highly respected in the industry, especially for roles requiring strong quantitative and analytical skills. If your goal is to pivot to macro-focused roles in London, the LSE EME aligns well with that trajectory, given its strong brand in the UK and Europe. Additionally, its alumni network and proximity to London's financial hub make it a solid choice for transitioning into industry roles.
On the other hand, the MIT MFin is a powerhouse for finance-specific roles, particularly in the US. It offers unparalleled access to top-tier finance opportunities, especially in quantitative finance, asset management, and trading. However, given your strong internship experience at a top hedge fund and a T5 undergrad, the incremental value of the MIT MFin might be less pronounced for you, especially considering its significantly higher cost. Moreover, since you're already in NYC and have a strong US profile, the LSE EME could provide a more balanced international exposure and help you establish a foothold in London.
In summary: - LSE EME: Best for building a strong academic foundation, pivoting to macro-focused roles in London, and maintaining flexibility for a future PhD. - MIT MFin: Ideal for deepening finance-specific expertise and securing top-tier roles in the US, but may offer diminishing returns given your background and cost considerations.
If your primary goal is to work in London and eventually pursue a PhD, the LSE EME seems like the more strategic and cost-effective choice.
Sources: MSF Class of 2018, European Master in Finance programmes (pre-experience), MSc in Economics to get into S&T
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