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Based on the most helpful WSO content, here's a breakdown of your comparison between HEC MIF and LBS MFA for the 2025 intake, with some additional insights:

HEC MIF:

Pros: 1. Placement Strength: HEC MIF has consistently shown strong placement in IB and PE, particularly in London. It is often ranked among the top programs for finance in Europe, with a slight edge over LBS MFA in terms of placement. 2. Cost Advantage: Tuition is approximately €15k cheaper, and the cost of living in France is significantly lower than in London (30-50% as you mentioned). 3. Practical Curriculum: The program is known for its focus on financial markets and instruments, which can be advantageous for technical roles in IB. 4. Networking Opportunities in London: The MIF class travels to London for networking events, meeting with around 60 firms, which is a significant opportunity to connect with potential employers.

Cons: 1. Visa Challenges: Without a UK visa, breaking into the London market can be more challenging, especially for non-diverse, non-French speakers. 2. Location: The campus is outside Paris, which is less appealing compared to being in the heart of London. 3. Language Barrier: Networking events and the overall environment may favor French speakers, which could limit opportunities for non-French speakers. 4. Plan B Limitations: If London doesn’t work out, options outside of France may be limited unless you have a strong profile.

LBS MFA:

Pros: 1. London Location: Being based in London provides unparalleled access to networking events, interviews, and assessment centers. This proximity is a critical advantage for IB/PE roles. 2. UK Visa: The program offers a UK visa, which simplifies the process of securing roles in London. 3. Community and Faculty: The MFA program is known for its vibrant community and strong faculty, with opportunities to network with MBA and MFin students. 4. Global Recognition: LBS has a strong global brand, which can be beneficial for long-term career prospects.

Cons: 1. Placement Concerns: Recent feedback suggests that placement for the MFA class of 2024 and 2025 has been challenging, particularly for non-diverse candidates. Struggles to secure interviews and offers at top firms have been noted. 2. Cost: The program is significantly more expensive, with higher tuition fees and cost of living in London (around €20k more in total compared to HEC MIF).

Key Considerations:

  1. Placement Trends: While HEC MIF has a slight edge in placement historically, the growing MFA class size at LBS may dilute opportunities. However, being in London could still provide an advantage for networking and last-minute opportunities.
  2. Language and Profile: As a non-diverse, non-French speaker, you may face challenges at HEC MIF in terms of networking and placement. LBS MFA, with its UK visa and London location, might mitigate these challenges.
  3. Cost vs. ROI: HEC MIF is more cost-effective, but the lack of a UK visa could limit your ability to capitalize on London opportunities. LBS MFA, while more expensive, offers a direct pathway to the UK job market.

Final Thoughts:

  • If your primary goal is IB/PE in London and you value proximity to the job market, LBS MFA might be the safer bet despite the higher cost and recent placement concerns.
  • If cost is a significant factor and you’re confident in your ability to network and secure opportunities independently, HEC MIF could be a strong choice, especially given its historical placement strength.

Both programs are excellent, but your decision should hinge on your financial situation, language skills, and risk tolerance regarding visa and placement challenges.

Sources: European Master in Finance programmes (pre-experience), European Masters Rankings, Msc Finance ranking Europe, MSF Class of 2018, LBS Masters in Financial Analysis vs HEC MSc in Finance

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Do you have right to work in UK? If you don't then take LBS (I'm not international but I assume attending LBS would you give you right to work). 

If you already have UK right to work then take HEC. HEC > LBS but in your situation and given that you want to work in London LBS would be easier for that.

 

Thanks for your input. Essentially in my view it boils down to this, HEC places better even in London and is c.20k cheaper incl. CoL and LBS gives you the visa. My main concern would be the kinda of bad 2 years in terms of placement at LBS (especially for non diverse) and the very resilient placement at HEC in london despite a market downturn. You think the visa is enough of an argument to offset the placement?

 

Yeah you raise absolutely correct points and I agree 100%. I advised on taking LBS as someone who always advises against going there because it’s so expensive and placement isn’t guaranteed (at all).

As I mentioned I’m not international so completely in the dark with regards to visa situation but I think if BB/EBs sponsor (which I believe most do) then you should be okay doing HEC. As a backup you should also consider where you can work outside of the UK (do you speak French/German/have EU citizenship?)

 

Did MFA a few yeara ago and placement was outstanding, surprised to hear it’s no longer the case. However, I just checked LBS website and price has skyrocketed… I would say it’s not worth it at that lvel. At the end of the day, recruiting is really random and diversity focused in London… I would go HEC and recruit for Paris / Amsterdam / Frankfurt

 

Agreed on that but hard to recruit in the above mentioned cities unless you speak the language. That is why I am am a bit concerned. MFA up until 23 class placed incredible and I feel like it was by far the go to programme to get into London IB for masters. Now its a bit tricky, though I am not sure what caused the deterioration in placement (market or class quality)

 

Could u provide some stats/ further colour on this. Please exclude people who already had offers coming into the school because they did SA’s before the programme

 

Last year placement was terrible for pretty much anyone non-diversity, a lot of banks had smaller SA classes and given a certain number of spots are already taken by SW conversions the impact on actual available seats was really bad

 

I know it has been a bad year but ideally I would like to grasp which schools do the best even in market downturns. There is no question that across the board its been tuff but looking to evaluate which schools were most resilient.

 

Don't overthink placement between these two, end of the day it comes down to your effort and HEC or LBS would be pretty much the same. If you aim for London, I'd say go to LBS it will be easier for networking.

Call a bunch of current/former students in these masters, you will get a way better view over the phone rather than on a forum. You can't really go wrong here

 

They do but if u dont secure a BB/EB internship than you cant work in ldn at a small firm and than lateral. So you would essentially either go BB/EB or not go to ldn at all which is why everyone is concerned about visa issues

 
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