Deferring FT offer to do a Masters?

TL/DR: Is it possible to ask your firm to push back your FT start after your SA by 1 year? Want to do a Masters and start FT after.

I'm an incoming SA at an American BB in London, and will hopefully convert into a FT position (fingers crossed), but I have received a full scholarship from my birth country's government to do any Masters I want and I'm pretty confident I could get into Oxford's MSc Financial Economics or LSE's MSc Finance. If I get in it would be something I'd want to do, but I don't know how I feel about "giving up" the FT offer if I get it - would a bank allow you to start 1 year later if it's because you're doing a top ranked Masters?

 

Why put yourself trough a draining and dry degree like Oxford, while paying 45K in tuition fees and missing out on a year worth of income as well if you already have an SA secured at a US BB? I thought conversion rates to FT were very high.

 

Isn't the point of those Masters degree to help improve chances of landing a full time IB role? Why put yourself through the stress of studying again, especially a gruelling degree like Oxford's FE for no gain? Don't let the prestige chase and allure of having a nice name on your resume make you waste your time and energy, think deeply about what you have to gain

 

I have to disagree with you here - one point of a Masters degree is landing a job, but I also think studying one of these programs brings a ton of value in terms of learning (both academic and having more life experiences), in terms of widening your network, and possibly even from a CV standpoint for the future. Also, keep in mind it would be on a full scholarship.

 

Yes, definitely possible and might even be well received given Covid and the bank likely wanting a smaller analyst class for 2021 anyway.

I did this myself at a top 3 a few years ago, know people who also have at BAML and MS

 

Consequatur nemo voluptatibus quidem dolores. Et animi accusantium repudiandae vel et.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
numi's picture
numi
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”