FT IB Tier 3 Offer (Mizuho, Berenberg, BNP, etc.) or prestigious Master Scholarship (Schwarzman, Yenching, Rhodes etc.) Offer?
Which one would be a better financial/career choice with a higher probability to eventually get into Tier 1 IB and/or PE/HF?
How prestigious can those scholarships be if that is your dilemma... Go with the scholarship 100% assuming it is one of those and congrats.
All of these programs (Schwarzman (Master of Global Affairs), Yenching (Master in Chinese Studies, Economics and Management), Rhodes (any graduate program)) are 100% scholarships for 1-2 years and all of them are prestigious. Not sure if it is a better choice than going straight to a Tier 3 Bank FT after graduation.
I know, I made a small joke that those scholarships are so competitive that normally you would have better FT offers since you clearly are an outstanding candidate (but recruiting must have been though this year). I stand by my recommendation and think it is not even close.
Personally, I would not put Schwarzman or Yenching in the same sentence as the Rhodes since the latter really is in a category of its own.
Having said that, if the goal is to get into IB or PE/HF, Schwarzman might actually be your best shot, since Steve Schwarzman himself will essentially go to bat for you and leverage his rolodex to land you a job in finance. Worth mentioning that Schwarzman Scholars is distinctly more professionally oriented compared to the Rhodes or Yenching and you will be with a cohort of people who already come from a finance background (i.e. already completed an analyst stint) or are interested in pursuing finance. This is not an overgeneralization, you can safely assume that Schwarzman = pursuing private sector, Rhodes/Yenching = pursuing academia, government, etc., in addition to private sector.
Normally I'd advise against taking further education when you don't need to, but those 2+1 banks are ...
Just to clarify, with "again" you mean "against" and with .. you mean something bad, right? haha
Thx for asking me to fix it after a day of work
What does "2+1" refer to?
If you got a chance to be a Rhodes Scholar, take it. It's a once in a lifetime opportunity.
Schwarzman is super cool too, never heard of the 3rd one tho lol
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