Crazy to do a MSc at EU uni after not getting a RO?
hi, i never really post here but want some advice or intel. basically, i didnt convert my ib sa at a bb in NYC. currently a rising senior at a non hypsm ivy. im completely gutted and trying to figure out how to proceed.
i know I want to stay in banking. i really liked the hours and the work. so when i didnt get my return, i was of course really distraught. i took a few days to just decompress, but now i have to face reality which is that i dont have a job lined up right now for when i graduate. i dont know if ill be competitive for ft ib hiring needs (not even gonna mention the fact i am probably very messy with my techs + interviewing skills atm, i think the earliest id feel confident in my intervieiwng abilities would be early october / end of sept if i grinded, but then i feel like most ft processes are over). i also dont come from a finance major (or econ or anything relatively pertinent) so this would give me the chance to take loads of directly applicable coursework.
i know this is crazy, but i was thinking of doing a two-year MSc at Bocconi (only eu msc thats in the cards for me rn) after i graduate. there are a few reasons for this. one, its cheaper than any MSF in the US. two, (to my understanding) it would even give me the option to recruit for ib 2029 sa in the united states. I'll also, of course, have so much to reflect on from my previous experience during my bachelor's to mitigate the odds of failing.
so a few things here. one, is this even an idea i should consider? is this crazy, and is there anything that im not thinking through thats not obvious? will it be that difficult to network from a top eu msc (bocconi) and of course land back in new york? second, will i be looked down upon for doing an msc, especially when i have to explain how i didnt convert my ib sa (due to headcount reasons given the ro rate was 50%?).
i want to be realistic. i know im a hard worker, but at the moment i do not think its realistic for me to re recruit ft without offer in hand. would love to hear any intel, and please be nice im trying to think of anything i can do to stay in the industry.
thank you all, and if i can pm anybody who may be able to share relevant stories/words of wisdom id appreciate it.
Pursuing an MSc at a top European university like Bocconi after not converting your IB SA offer is not crazy—it’s actually a strategic move that many have taken to reset and re-enter the industry stronger. Based on the most helpful WSO content, here’s what you need to consider:
Why an MSc at Bocconi Could Work:
Rebranding and Skill Development: Bocconi’s MSc in Finance is highly regarded, especially in Europe, and offers rigorous coursework that can fill gaps in your finance knowledge. This can help you rebrand yourself as a strong candidate for IB roles.
Recruitment Opportunities: Bocconi has a strong placement record, particularly in Europe, but also offers opportunities to recruit for U.S. roles. Many students use the MSc as a platform to secure internships (e.g., IB Summer Associate roles) and full-time offers.
Networking: Bocconi’s alumni network is extensive, and its reputation can open doors in both Europe and the U.S. You’ll need to actively network with alumni and leverage Bocconi’s career services to maximize your chances.
Time to Reflect and Prepare: The MSc gives you two years to refine your technical skills, improve your interviewing abilities, and build a stronger story for why you’re committed to IB.
Cost Efficiency: As you mentioned, Bocconi is more affordable than many U.S. MSF programs, making it a financially viable option.
Challenges to Consider:
Explaining the Gap: You’ll need a clear and concise explanation for why you didn’t convert your SA offer. Focus on external factors (e.g., headcount issues) and emphasize what you’ve learned from the experience.
Networking Back to the U.S.: While Bocconi has a strong reputation, breaking back into the U.S. market may require extra effort. You’ll need to stay proactive in networking with U.S.-based professionals and firms.
Cultural and Geographic Adjustment: Moving to Europe for two years is a significant change. Make sure you’re prepared for the cultural and academic differences.
Perception of an MSc: While an MSc is respected, some may question why you pursued it instead of going straight into full-time recruiting. Be ready to frame it as a strategic decision to strengthen your profile and re-enter IB with a competitive edge.
Key Advice:
Final Thoughts:
This isn’t a crazy idea—it’s a calculated move to reset and re-enter the industry with a stronger profile. Bocconi’s MSc in Finance is a top-tier program that can open doors in both Europe and the U.S., but success will depend on how effectively you leverage the program’s resources and your own determination to network and prepare. If you’re committed to IB and willing to put in the work, this path could be a great way to achieve your goals.
Sources: Physics undergrad admitted to top b-school, University Of St. Andrews experience? Opinions?, European Master in Finance programmes (pre-experience), My future after Bocconi?
Bocconi for London would make some sense, but there's plenty of better programs. You'd be the odd one out with an NYC SA. For the US it doesn't make sense to do bocconi msc honestly.
Target Oxbridge, LSE, LBS MiFs. They're better known in the US, if you choose to go this route.
No, do it and spend the whole time networking.
Is London an option for you or you really want to start in the US? If the former, Bocconi (among HEC, LBS) will make you a strong candidate
I’d do an off cycle internships London but I really need to be in NY, that’s where my family and friends are. I’m also a dual citizen of eu/us so Bocconi just makes sense for me. Could be a crazy idea but I was thinking I could apply to sa 29 roles in NY while still at my target school and hopefully convert that to FT after my graduate studies.
Also wouldnt really recommend off-cycles. Off-Cycles tend to convert at a much lower rate than summers in london
If you're going to do a masters in EU, why not do one in the UK? That's where they carry the most weight imo, especially if you only know one language...
Best pre-exp mfin related programs are at LBS,LSE, Oxford, Imperial
They have the most yield..... known for being heavy hitters ranging from MM-EB, and sending the best few to top PE/HF shops yearly.
unfortunately i just cant afford it. and moreover, bocconi makes sense as i already did an exchange there and therefore dont need to take the gmat/gre/bocconi admission test. im also a dual citizen of italy so i wouldnt need to apply for any sort of visa. its also the cheapest. i wish i could do one of the programs you listed...
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