Do I need to do a GMAT?

Hey Monkeys,

I'm considering applying for masters in UK for 2024 intake, applications open September/October.

My top choice is LSE MSc Fin.

This is my background; graduated with a 1st Class Hons in Economics at a semi-target (Bath, Exeter, Edinburgh, Bristol etc). Further, I'd have had over 2 yrs of FT experience in Credit for a top investment bank (GS, JPM, DB).

My question is would you recommend I do a GMAT? As I'm working FT and trying to recruit but market is terrible so thought I'd do a masters and re-enter the cycle for FO roles.

Any advice.

 
Most Helpful

Shot answer - yes

Long answer - I also went to a semi target (one of the ones you've listed), have a couple of years of exp (albeit at big 4) and will be applying in October. I have spoken to an alum and know someone else who will be applying. Whilst there are some people that get in without a GMAT, MFin is one of LSEs most popular programmes and is very competitive. Everyone will have a 1st or equivalent. Everyone will have some good experience and ECs. You need to find a way to make your application stronger, and a really good GMAT is a fairly easy way to do this, because the only variables are your pre-existing knowledge and how much time you are willing to invest.

Why not take an official mock and see where you are at? If you score 650+ straight away, you probably wouldn't need to invest a shocking amount of time to get to 700-710, and a 700+ will already be better than no GMAT at all.

To add to this, any other really good masters will require a GMAT (LBS MFin, Oxford MFE, HCE MFin), so you're limiting yourself A LOT by not taking it. Don't think it's worth it to go to anything but a top tier masters if you want to re-enter the market and work for a top tier organisation, and they all need a GMAT.

 

Thanks for the insights. I agree especially with the last part, there's no point dropping out of work back into education, coughing up a load of money to not go to a top masters programme.

 

Thanks man. Ye the recruitment market for FO has really fucked my strategy and timelines. Hopefully getting to a good masters programme would allow me to land a good FO role.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.9%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 04 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”