Hey, this topic might have been discussed before but I was wondering if anybody had any information on which Masters in Accounting programs have the best track record for getting graduates into the Bulge Bracket Investment Banks.
| +407 | Evercore Intern Seizure | 62 | 10h |
| +116 | UBS IB Americas has failed, now behind Santander and Stiffel | 33 | 35m |
| +79 | JPM M&A is Gone??? Purely Coverage Banking??? | 44 | 2m |
| +60 | How do I understand vs. just memorizing? | 11 | 13h |
| +49 | Some banks are overrated as fuck | 14 | 2h |
| +48 | Associate & Above IB exits | 18 | 15h |
| +48 | The good and bad with Wells Fargo | 15 | 2h |
| +41 | Sent my Claude prompt to 200+ Teams chat. MD wants to see me Monday. | 24 | 43m |
| +36 | Incoming IB Analyst: Best Ways to Prepare? | 13 | 12h |
| +31 | Tech to IB Pivot | 20 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
None. Every year 1-2 somehow weasel their way into banking, but none of the programs place directly into banking.
In good years, UT Austin and UMich kids managed to get their foot in the door, but I believe it was more of an effort on the part of the kids, not the school.
UT Austin, UMich, and I've heard to a lesser extent USC people have gotten in. In fact, UT-Austin even places people into management consulting. My guess is that if you go to a traditional UG target (i.e. Mich, Texas, UNC-CH, USC all get some banks on campus for UGs), then, if you network like crazy and get lucky, you can break into investment banking. It would take a lot of effort though, so unless you're OK with being an accountant, then I wouldn't go for the MAcc.
Agree with the above posters. Obtaining a MAcc isn't the standard path into banking, and for anyone knows about the recruiting process, it's VERY standardized.
You may be able to get a MAcc and do something like Transaction Services at one of the Big 4, and weasel your way into banking that way. But either way, it's not the standard path and you'll definitely have a tough time.
I would not call it weaseling your way into banking. I worked with a guy from the USC Macc program, he said that a 1 - 2 get into banking a year. The reason the number is so low is because most of the kids going into the program are dying for big 4 and don't really want IB. I would say that you have a decent shot of getting in at Michigan, Texas, USC, & UVA and to a lesser extent UNC, UIUC, Vandy. Just have to put in the effort.
Is UVA/UMich a much bigger target for consulting/F500 companies than UNC, or are they at level pegging? I like UNC better, which is why I'm considering a major in finance and then applying to UNC's Macc, but if UVA is better, then maybe I'd be better off applying to Mich/UVA and majoring in accounting
If you want to do investment banking then why do you want to do a MAcc program? Usually the people in investment banking with Masters in Accounting are people that changed their minds. You'd be better off saving the tuition money.
Not true. Some people just need access to OCR to make it happen. A MACC is one way to do this.
Except Investment Banks don't go to schools to specifically recruit from MACC programs. You'd have to tag along onto the normal undergrad recruiting that happens to be taking place at the same school you're getting a MACC. Not the worst way to get into ibanking, but there are cheaper options.
Indiana has at least two going into IB this year. One interned at Allen & Co., but will be going somewhere else full-time. The other is going to William Blair.
There may be others, but those are the two I know of.
Best MSc Accounting and Finance programs for IBD (Originally Posted: 12/01/2013)
Hi
I have seen a lot of discussion about MSc Finance programs on WSO but not a lot about MSc Accounting and Finance. As I am doing an MSc in Accounting currently in a 2nd tier UK business school, I am thinking of applying to top business schools for next year.
I am applying to MSc Accounting and Finance (or MSc Finance where I can specialize into corporate finance - I don't want to have too many subjects related to markets) and not to MSc Finance firstly because I believe it is easier to get into them from my background (BA in Politics and Government. MSc in Accounting, 1 year work experience with PwC financial audit) and secondly it would be easier for me to get good grades.
Which 5-10 programs would be the best ones for me to apply to in Europe? LSE Accounting and Finance and ICL Accounting and Finance are possibly two of them, HSG MSc Banking and Finance looks alright as well and Bocconi MSc corporate finance. Oxbridge MPhil/MFE programs are a little bit too much on the quant/markets side for me. Any ideas?
1 add on question as well. Do you know which countries/companies to look into in Europe that are not in the UK but take on English speaking (one small CEE language is my other language) analysts?
Thank you in advance,
For your add on question: Germany, as long as you speak decent German as well. Other than that France, possibly but you definitely need good French there.
Wait, let me get this straight, you want to do another Msc degree for what? I am at one of your above choices and I can honestly tell you that it will not make it better for you or even harder. If you really want a job, spend that 20k and one year to network and you will be paid off.
It depends on what you want to do later. If you look for auditing in Big4 I don't see the point. Graduating from tier-1 Msc would be great if you want to do M&A in large/middle cap in BB and elitist boutiques.
Private equity is what I'd like to do in the long-run, so I'm hoping to first get into IBD or Management Consulting at a firm that could place me into PE in the future. Doing another MSc looks inefficient, I know, but its more like a separate goal of mine as well. Also, as London banks operate in the way that they give you an internship (which I am applying for ATM) and then give you an offer for the next year, I feel like I should close the year long gap with some good education.
So any programs except the ones mentioned I should apply to?
If that the case why not go for something different? Management, Consulting... it's very hard to explain to adcoms why you want another A&F degree, you will sound like a prestige addict to them(many, including me, are and it's important to have that name but you still need good reasons for the school nonetheless).
Macc IB Jobs? (Originally Posted: 07/30/2010)
How heavily are top 25 Macc of programs recruited by Investment banks if at all? Is there a different MS degree that may be more heavily recruited ?(besides MBA of course).
Thanks Guys
Perhaps in Finance?
Sunt autem omnis est voluptatibus est corrupti qui cum. Aspernatur quidem quia aliquid sit. Repellendus qui quod nesciunt esse perferendis. Ipsam facere ea reiciendis cum quas voluptas. Omnis aspernatur odit ut vel provident cupiditate.
Quibusdam dolorem qui laboriosam id aliquid voluptas omnis. Modi nam deserunt sit dignissimos. Ut et laborum unde architecto sunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...