Masters degree - European student (non target UG)

I am a European student (non target UG) in the fourth year of my degree (acc&fin) and thinking of doing a top Msc in Finance in the UK (LSE,Imperial etc) with the aim of entering IBD,S&T or ER. But I am really afraid of the economic situation in Europe, things won't be better in the near future and a lot of banks cut jobs in IB sector, so it might be difficult to start my career in this industry. I asked people who graduated from top Masters in the UK, Finance (Oxford, LSE) and Management (LBS) and they told me that now very few get into IB.

I do not know if this is true or not, but I do not want to spend so much money in an overpriced Master and then not be able to land a good job. For this reason I am thinking of applying in USA universities also, because I may have more job opportunities. What do you advice me guys?

5 Comments
 

By the way you phrased your paragraph i assume you don't have any internships under your belt and seeing as you go to a non target school I doubt you networked that much. (no internship+non target school = .05% chance of getting a job as an IB). What you should do is complete your UG course and get a job as a junior analyst for a small firm, pay off your loans for college, save for your target B-school and don't rely too much on the schools recruiting, at the end of the day it all comes down to who you know and how bad you want it... so network your ass off! (but hey i'm just a chimp).

 
Best Response
The Finance InternBy the way you phrased your paragraph i assume you don't have any internships under your belt and seeing as you go to a non target school I doubt you networked that much. (no internship+non target school = .05% chance of getting a job as an IB). What you should do is complete your UG course and get a job as a junior analyst for a small firm, pay off your loans for college, save for your target B-school and don't rely too much on the schools recruiting, at the end of the day it all comes down to who you know and how bad you want it... so network your ass off! (but hey i'm just a chimp).

What internships do you mean? IB or whatever? I have already an internship completely unrelated to IB (risk department for retail banking), so I was thinking of going for a master without previous experience. So , you say its better to work some years and then go for the master? (the question is, what kind of experience should I have to get an IB offer after the Msc)

 

The economic situation is better in the US, but the probably you have is sponsorship requirements. If you are willing to work in finance, but not limited to banking, you have a shot. The above advice is pretty solid though.

 

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