Bocconi IM vs Bocconi AFM (former AFC)
Hi everyone. I'm an italian student attending my last year of BSc in Economics and Business and I just got accepted for IM at Bocconi, but I'm wondering if I should ask a change for AFM (Accounting and Financial Management, former AFC). My goal is to end up working in London at a VC or PE fund in a few years. Do you think it's possible to end up there despite a less quant and technical degree like the one in International Management, perhaps starting from consulting? Or would I have an advantage with AFM? How many chances I have to break into IB with AFM? Consider that at the beginning I would prefer to move away from Milan and start working abroad (not necessarily London), but for IB I would stay in Milan
Any insight of any kind would be really appreciated!
Based on the most helpful WSO content, here's what you need to know:
If your ultimate goal is to work in London at a VC or PE fund, the AFM (Accounting and Financial Management, formerly AFC) program at Bocconi would likely provide a stronger foundation. Here's why:
Technical and Quantitative Edge: AFM is more technical and finance-focused compared to International Management (IM). This is crucial for breaking into Investment Banking (IB), which is often a stepping stone to PE or VC roles. The technical skills you gain in AFM (e.g., accounting, financial modeling) are highly valued in IB and PE.
Recruitment for IB: AFM aligns better with the skill set and knowledge base that IB recruiters look for. While it's possible to break into IB from IM, AFM gives you a clearer and more direct path, especially if you're targeting roles in Milan or other financial hubs.
VC/PE Pathway: While consulting can be a route to VC or PE, starting in IB is generally more common and advantageous. AFM would better position you for IB roles, which in turn can lead to opportunities in VC or PE.
International Opportunities: Both programs have strong international reputations, but AFM's technical focus might give you an edge when applying for roles abroad, especially in competitive markets like London.
Flexibility: If you start in IB in Milan, you can leverage Bocconi's strong alumni network and your experience to transition to roles abroad later. AFM would prepare you well for this path.
In summary, while IM can still lead to your goals, AFM offers a more direct and advantageous route, particularly if you're aiming for IB as a stepping stone to VC or PE. If you're serious about breaking into these fields, requesting a change to AFM would likely be the better choice.
Sources: European Master in Finance programmes (pre-experience), Bocconi AFC vs ESCP MiM, MSc Finance Profile: Admitted to Bocconi and SSE, Bocconi finance or bocconi quantitative finace and risk management ?, Transitioning from tech to a serious finance job (yes, you read that right)
Hi, I’m currently facing similar decisions. I am accepted by both IM (global experience) and AFM, and I’m wondering which program should I choose. Grateful if you can share your thoughts on this!
I lean towards IM and recruiting both IB/Consulting, I think it has more optionality whereas AFM might pigeonhole you as an accountant (or the like). Also IM being less demanding would prob allow you more time to 1) prepare for job apps 2) enjoy your life.
Of course, I would also say get a linkedin premium trial and go search for IM vs AFC people and see where they end up. Also employment reports, for what they are worth.
Also, AFC in italian vs IM in english??? Would make me say IM again.
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