MSc Finance LSE vs ESSEC

Based on the most helpful WSO content, here's what you need to consider when deciding between LSE MSc Finance & Risk and ESSEC MSc in Finance:

LSE MSc Finance & Risk

• Reputation and Networking: LSE has a fantastic brand name, especially in London, where it is highly regarded for finance-related programs. The MSc Finance & Risk program benefits from LSE's strong alumni network and visibility in the finance industry.
• Recruiting in London: Being located in London is a significant advantage for networking, attending recruitment events, and participating in assessment centers. However, London recruiting is highly competitive, and limited work experience could be a disadvantage.
• Program Structure: LSE programs are typically one year, which means less time for internships during the program. This could make it harder to build additional work experience before applying for full-time roles.

ESSEC MSc in Finance

• Internship Opportunities: ESSEC's two-year program structure allows for two long internships, which can significantly enhance your work experience and make you more competitive for London roles. This is particularly valuable if your current internship experience is limited.
• Recruiting Pipeline: While ESSEC is not as well-known in London as LSE, it is still a strong program, especially in Continental Europe. Graduates from ESSEC have successfully transitioned to London finance roles, but the process may require more effort compared to LSE.
• Location and Language: ESSEC is based in France, and its proximity to Paris offers access to a different set of networking opportunities. However, being further from London could make it slightly harder to attend in-person events there.

Key Considerations

1. Your Work Experience: Since your work experience is limited, the opportunity to do two long internships at ESSEC could be a game-changer. This would allow you to build a stronger resume before applying for competitive London roles.
2. Your Goal to Work in London: LSE has a stronger reputation in London and offers easier access to the local job market. However, you’ll need to compensate for your limited work experience by being proactive in networking and securing internships during the program.
3. Program Duration: If you’re confident in your ability to secure internships or full-time roles quickly, LSE’s one-year program might be sufficient. If you feel you need more time to build experience, ESSEC’s two-year program could be a better fit.

Recommendation

If your primary goal is to break into London finance and you’re concerned about your limited work experience, ESSEC’s two-year program with structured internship opportunities might provide a better foundation. However, if you’re confident in your ability to network and secure opportunities quickly, LSE’s reputation and location in London could give you a direct edge in the local job market.

Sources: Msc Finance ranking Europe, https://www.wallstreetoasis.com/forum/school/uk-master-in-finance-advice?customgpt=1, European Master in Finance programmes (pre-experience), Imperial MSc Finance and Accounting vs LSE MSc Accounting and Finance