Leave IB job for Target Masters

Hello all, Im faced with quite a dilemma. Unfortunately, as you can tell by my username I transferred and completed my economics degree in a low-semi-to-non-target university in my country (aimless wandering; decided my career path late junior year). My GPA is ~3.5. Through language/interviewing skills and networking, I’ve since managed to land an Analyst (M&A) job at a respectable MM bank where I’ve been for about 1.5 years, and had a few deals closed. I’m at the point where I’d love to move upmarket, but due to my pedigree, macro circumstance and relatively shit country for finance (highly elitist, few seats occupied by the 3 targets; I like it here though) I’m finding it quite difficult to lateral, even through the typical graduate schemes. It essentially comes down to:

1.- Leave current job and pursue target masters full-time, where the sky is the theoretical limit.

2.- Stay in current job, further build CV, and pursue strong semi-target masters (can be done during weekends) for a shot at most banks except the top-tier BBs.

What would you do?

Thanks and sorry for the wall of text.

3 Comments
 

Based on the most helpful WSO content, here are some insights to consider for your dilemma:

Option 1: Leave Current Job and Pursue Target Masters Full-Time

  • Pros:

    • Rebranding Opportunity: A target master's program can significantly enhance your profile, making you more competitive for top-tier investment banks.
    • Networking: Attending a target school provides access to a strong alumni network and on-campus recruiting opportunities.
    • Skill Development: You can gain advanced knowledge and skills that are highly valued in the finance industry.
  • Cons:

    • Opportunity Cost: Leaving your current job means losing out on the experience and potential promotions you could gain by staying.
    • Financial Cost: Full-time master's programs can be expensive, and you will need to consider the cost of tuition and living expenses.

Option 2: Stay in Current Job and Pursue Strong Semi-Target Masters Part-Time

  • Pros:

    • Continued Experience: Staying in your current role allows you to continue building your CV and gaining valuable deal experience.
    • Financial Stability: You can maintain your income while studying part-time, reducing financial stress.
    • Flexibility: A part-time program can be managed alongside your job, allowing you to apply your learning directly to your work.
  • Cons:

    • Limited Networking: Part-time programs may offer fewer networking opportunities compared to full-time target programs.
    • Perception: A semi-target master's may not carry the same weight as a target master's when applying to top-tier banks.

Additional Considerations:

  • Career Goals: Reflect on your long-term career goals and which option aligns best with them. If your ultimate aim is to break into top-tier BBs, a target master's might be more beneficial.
  • Current Job Satisfaction: Consider how much you enjoy your current role and the potential for growth within your current firm.
  • Market Conditions: Keep in mind the current job market and hiring trends in the finance industry.

Conclusion:

Both options have their merits, and the best choice depends on your personal circumstances and career aspirations. If maximizing your chances at top-tier banks is your priority, pursuing a target master's full-time might be the way to go. However, if you value financial stability and continued work experience, staying in your current job while pursuing a part-time master's could be a viable path.

Good luck with your decision!

Sources: https://www.wallstreetoasis.com/forum/job-search/ibd-sa-after-graduation?customgpt=1, 3.9 GPA from an Ivy League school in a useless major. What are my options?, Move from back office to middle office to front office, Feel like I'm going to be stuck in this job, what do I do?, Analyst at 27 or head to B school?

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

You already have a few deals closed, why settle for the lower tier masters and close doors for yourself? The additional CV building you’re citing as the reason will be very marginal. I’d definitely go for the target masters

 

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