Cant choose between LSE and SSE

Okay so I will be applying to Unis next year, but my parents want me to shortlist a few unis. I am an international student and I ultimately want to do Investment Banking in London. LSE and basically most UK universities are too expensive for my parents but they are willing to sell jewellery and take a big loan (it is not common in my family to let parents allow their kids take a loan no matter how much they insist). SSE is easier on the pocket. I am curious if SSE is good for IB (in London).

Also, this is for the undergraduate programme. 

 

You can't really beat LSE for UG placement into IB in London. That said, SSE is still highly regarded, you'll just need to be on the ball as soon as you start university by applying for spring weeks.

Have you considered Warwick which may be cheaper? Alternatively you could apply to RSM or other mainland European universities that would be significantly cheaper and also place relatively well.

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I won't lie to you, LSE is the top target for London IB. That's not to say that SSE isn't good. In fact, it's a very good school, it just doesn't have the same level of recruiting as LSE. You'll have a good shot at IB at SSE as long as you stay on top of everything. If price is an issue, consider looking at Bocconi, if you have not already. It's BSc in International Economics and Finance has incredibly good placement in London and it's not as expensive as LSE.

 

My 2 cents: overall I second this.

SSE is definitely a great school for London IBD (various kids in my bank came from there), but LSE will just position you better for banking and has greater international sway (in case you ever end up in other geographies during your career, i.e. continental Europe, US, etc...).

A £30k loan would be enough to cover fees - unless they substantially increase the price tag for EU students -  and you could cover it in just two years as an analyst, assuming a £30k year end bonus, which becomes ~£19k net of taxes.

I assume from your initial post that you're comfortable with taking the loan. In case you aren't, rest assured that SSE is a top notch school and can still set you up for a great banking career.

 

Yeah exactly.. and knowing bonuses can sometimes go up to £40-50k, + signing bonus, + overall decent salary... more than enough to support student debt 

 
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Hi!

I hope you'll appreciate my opinion despite the fact that I might not be the most qualified person to answer (i.e. in past 1.5 years of Master I was not able so far to land a position in IB, since perhaps I started being interested a bit late).
I am coming from a semi-target in Europe - one around position #150 in QS world rankings - and, networking with alumni from my uni, I found out that it was not impossible as a thing to do. I wouldn't say that everyone made it, but top performers - or focused people as you might be - were always able to land internships in London, just with hard work, networking and study. 

To be honest, you have now forums which might turn really useful and you have a huge advantage in terms of time. LSE surely will get you an even larger advantage, though it might not be the thing that makes the difference.
There are plenty of good unis in Europe which are almost free when compared to LSE and are still target, so I would definitely go for them. There is actually a thread about it, but just to mention some I could name St. Gallen, Erasmus School of Economics, SSE, Copenhagen Business School and Mannheim. Or, as someone said before me, Warwick or Bocconi might also be good if you are willing to spend around 10k/year on tuition fees.

They are schools which have a much larger alumni base in IB in London than mine and overall a really good reputation. Moreover, you'll enrich your experience with a stay in continental Europe - and perhaps double your chances of getting IB positions also in the country in which you are studying.

Having the burden of repaying the investment on your studies might not be a nice feeling (I feel the same with the scholarship that I am currently getting to study where I am) so going in those places might also solve those issues.
I am talking from my point of view, but if it was for me I would surely go for unis in the same category as the one which I mentioned.

Good luck in making your choice!

 

Honestly, since eu fees will prolly be the same as international for 2021, a good alternative would be to do your bachelors at sse (assuming it’s free for Swedish people) and do your best- if you don’t get a placement then you could do to the UK for your masters which will be cheaper overall and You’d have a lot more options and scholarships available.

You could also work and save up during uni so you don’t have to take a bigger masters loan

 

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