F500 FLDP v. MSF

Basically, I have a F500 FLDP offer in hand but I really think i'm going to hate corporate finance. I just don't want to get stuck doing accounting type work. I also have an acceptance to a good (but not princeton or LSE) MSF program. I'm considering it because my background is atypical and I didn't have a internship in anything business related but instead in technology. I think if I could get an actual finance internship this summer it might change my fortune for next year because that seemed to be my biggest issue during recruiting.

Stats: 3.5 from target in Econ + student athlete + a few decent extracurriculars + software internship

Let me know what you guys think.

33 Comments
 

Let's see. Earn money now ... vs. ... paying more money for education so you can get a similar/hopefully somewhat better opportunity to make comparable money?

I am permanently behind on PMs, it's not personal.
 
A Posse Ad EsseLet's see. Earn money now ... vs. ... paying more money for education so you can get a similar/hopefully somewhat better opportunity to make comparable money?
That's not really how I see it. It's make ok money now, starting a career where there is very little longterm earnings upside. Or waiting a year and hopefully making good money in a career that has much larger upside in longterm earnings. I want to do Asset Management longterm and it just didn't work out right now largely what seemed because of my atypical background.

It's not just short term earnings I'm concerned about. It's longterm earnings and doing work that is at least someday interesting. I don't see the likelihood of switching from an FLDP to a lucrative career later on being very good. And I somehow doubt I wouldn't have at least a similar offer next year as hiring is picking up.

 

Can't say I think its as easy as above posts describe. I went from corp fin to MFin and never looked back; very happy with decision thus far. Where is your MSF offer from? And what do you want to do afterwards?

 
whattodo
Dr JoeCan't say I think its as easy as above posts describe. I went from corp fin to MFin and never looked back; very happy with decision thus far. Where is your MSF offer from? And what do you want to do afterwards?
Think Vandy/Wustl/JHU. And Asset Management.
That makes it a tough call - I probably agree with others - take the job and do CFA while working.
 
Vectors225i hope it's not washu msf, because the program is mediocre at best and the recruiting at washu is an absolute nightmare (meaning it's virtually worthless)

If you're thinking about longterm, why not stack up work experience in corp fin and get an MBA a few years down the road? I think you're overestimating MsF

Well I'm worried about the viability of getting into a good mba program that can realistically get me asset management
 
Vectors225i hope it's not washu msf, because the program is mediocre at best and the recruiting at washu is an absolute nightmare (meaning it's virtually worthless)

If you're thinking about longterm, why not stack up work experience in corp fin and get an MBA a few years down the road? I think you're overestimating MsF

I just want to say that I certainly wouldn't qualify WUSTL as having "worthless" recruiting. We had a lot of MM banks on campus, I got an interview with a BB. There were F500 and other analyst programs (like wells fargo). Essentially every consulting firm was here except Mckinsey. Like any other school I wouldn't depend on OCR recruiting, but a lot of people get jobs through OCR here.
 
bears1208
Vectors225i hope it's not washu msf, because the program is mediocre at best and the recruiting at washu is an absolute nightmare (meaning it's virtually worthless)

If you're thinking about longterm, why not stack up work experience in corp fin and get an MBA a few years down the road? I think you're overestimating MsF

I just want to say that I certainly wouldn't qualify WUSTL as having "worthless" recruiting. We had a lot of MM banks on campus, I got an interview with a BB. There were F500 and other analyst programs (like wells fargo). Essentially every consulting firm was here except Mckinsey. Like any other school I wouldn't depend on OCR recruiting, but a lot of people get jobs through OCR here.

Are you even looking at the OCR job listing right now? It's been pretty empty for the last couple of months...

 

Either get into Princeton or MIT. If you don't get in there, don't both. Many kids get into banking/trading from MSF programs, but not everyone. FLDP programs are great and a target for a lot of kids.

Plus you already have an ivy UG. Going to a "lesser" school will dilute your brand.

Do the FLDP and if you hate it after two years, go do an MSF. Best case you get into banking or something, worst case you go back into F500, but in a higher position because corp finance equates and MSF to be an MBA.

 
prospieif you're just dying to, defer for a year, do the f500 gig for a year. Don't be one of those people who goes through college and grad school without any actual real-world work experience
I guess this is a fair point. I'm just worried that once I make that plunge into corporate finance I'm never getting out (unless it's something totally unrelated).
 
txjustinWhat makes you think you will get an Asset Management gig after MSF if you didn't get on after UG from a target school?
Well a lot of the feedback I've heard is people concerned about my lack of finance internship/degree. This would allow me to get a finance internship and degree and hopefully give me the push in those jobs where that was a problem.
 

who is the FLDP with.

You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.
 

FLDP's are great programs. The fact of the matter is you will learn more applicable finance skills in an FLDP program (and probably make 70+ k upon completion of the program) and they will help pay for your MBA.

You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.
 
Thurnis HaleyIt sounds like you've already made your decision.
Naw, I'm really confused actually. I want to achieve a certain level of success and job satisfaction and it's hard to know what the better option is. One thing I don't want is to be stuck with a 150k earning ceiling in a corporate job I find mind numbingly boring. I want the ability to make real money someday in a job that I don't hate. And even if that doesn't happen at least being able to strive for that is worth something.
 
whattodo
Thurnis HaleyIt sounds like you've already made your decision.
Naw, I'm really confused actually. I want to achieve a certain level of success and job satisfaction and it's hard to know what the better option is. One thing I don't want is to be stuck with a 150k earning ceiling in a corporate job I find mind numbingly boring. I want the ability to make real money someday in a job that I don't hate. And even if that doesn't happen at least being able to strive for that is worth something.

Hate to break it to you, but an MSF isn't going to be the tool that unlocks earning potential of $1MM/year.

You're born, you take shit. You get out in the world, you take more shit. You climb a little higher, you take less shit. Till one day you're up in the rarefied atmosphere and you've forgotten what shit even looks like. Welcome to the layer cake, son.
 

have you decided what you wanted to do yet? i honestly think the fldp program will probably give you enough experience to leverage that into a much better job than a MSF will. if you really hate the program, you can find a headhunter and start applying to job postings. if you really think your prior experience will bar you from changing industries or a high level of success, you can go back to get your MSF/MBA/CFA/whatever after your two years.. those opportunities will always be there, but the job won't.

 
watchitburnhave you decided what you wanted to do yet? i honestly think the fldp program will probably give you enough experience to leverage that into a much better job than a MSF will. if you really hate the program, you can find a headhunter and start applying to job postings. if you really think your prior experience will bar you from changing industries or a high level of success, you can go back to get your MSF/MBA/CFA/whatever after your two years.. those opportunities will always be there, but the job won't.
think I'm going to take the job. But I'm really reluctant about it. But the fact that I'm doing absolutely terrible in school this semester, like so bad I'm worried about passing a couple classes, combined with the fact that I hate school and really want to make some real money have pushed my hand. Plus, it seems, that getting out to something better isn't necessarily impossible, I hope.
 
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