European Masters Rankings

Hi all,

After seeing an increase in terms of masters related questions over the forums I have decided to do a ranking for all masters, as well as their focus. As always any input will be appreciated and will update the post with quotes.

This is purely for IB and London - European masters would probably be higher if considering T2 cities such as Paris/Frankfurt/Zurich

Tier 1 - IB, PE and MBB placement:

Oxford MFE: very academic program placing very well in IB/Consulting (albeit lower demand)/PE (rare but doable). Requirements are GMAT>720 + 1st class or equivalent, little focus on work experience

LSE MSc Finance: program a little less academic than Oxford but with an amazing placement in IB + sometimes PE. Requirements are 1st class, GMAT is optional but I'd say GMAT>700, work experience is a bonus.

LBS MFA: career focused program, amazing placement across the finance spectrum. Requirements: high 2.1 (65+), GMAT>680, work experience highly valued

Tier 1.5 - Almost top tier - less known internationally (outside Europe):

HEC MIF: Great placement both in France and London with people at MBB, in PE/IB

Bocconi MSc Finance: Similar to HEC for Italy

LSE MSc A&F: Similar as above although less competitive therefore less recognised but with a great placement nevertheless

Tier 2 - Strong IB and MBB Placement:

LSE MIM: Samilar requirements as A&F, places in consulting too, less finance focused - 2 years, allows to do summer internship -> FT for people with less work experience

LBS MIM: similar to LSE's MIM in terms of placement, career focused and similar to the MFA in terms of requirements.

SSE/ESSEC/ESCP/St.Gallen/WHU: Great placement across the board, often favoured by local students, GMAT>680, 1st class, work experience counts for 20%~

Imperial MSc Finance: Similar to LSE A&F program

Tier 2.5 - Strong IB Placement:

Warwick MSc Finance: Places well for some people with solid work experience - only for Europeans - internationals struggle placing into IB.

ESADE MSc Finance:

Tier 3 - Good but placement not guaranteed:

EDHEC: Places for French student mostly - Financial Markets>>>>>Corporate finance

Imperial MSc A&F/ Cass MSc Finance: placement similar as Warwick MSc.

IE/CBS MSc Finance: Smaller European schools that place some students

Note: didn't consider Cambridge as most of their masters are small cohorts/niche/post experience - but they would certainly be in tier 2

 
Controversial

Hi! This is a really good ranking and I bet very much appreciated for the community.

Overall, I agree on almost every single rank, however I strongly disagree in one. I do not consider LBS MFA tier 1 as LSE MFinance or Oxford MFin as it has 1)less reputation 2)worse placement 3)new program 4)LBS brand comes from its MBA and MiF (2 year experience). On top of that, the placement of the program might be upper skewed and the program’s impact not as high as opposed to the LSE and Oxford, becaude its students do usually have great experience in IB. All in all, I would downgrade the LBS MFA to Tier 2.

Nice job!

 
Most Helpful

Strongly disagree with this.

The faculty of finance at LBS is arguably the best in Europe, and the MBA top 2 in Europe with Insead.

The MFin consistently gets the top spot in the rankings.

This goes to show the strength of LBS as an institution, and the MFA greatly benefits from this. The opportunity to network with MBAs is a huge advantage for MFA students vs Oxford and LSE.

A quick Linkedin search is enough to show that placement is stellar, despite the programme being only 3 years old.

The cohort is very impressive, with people from Harvard, Oxbridge and LSE undergraduate degrees. While this is also true of the other tier 1 programmes, what surprised me about LBS was everyone's work experience.

I wouldn't necessarily say the MFA is better than the Master in Financial Economics at Said or the MSc Finance at LSE, but I definitely think they are on par with each other. I hold offers from LSE and LBS and did not apply to Oxford due to quant requirements.

 

Oxford MFE shares some classes with the MBA, mostly electives. Also the students of both programmes are taught in the same building. So I think there should be plenty of networking opportunities.

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I know for sure that also HEC and Bocconi placed some kids directly into PE. I agree with your rankings, but I would not consider "direct placement into PE" to discriminate between tier 1 and tier 2. I Consider the fact that a mandatory requirement to be considered tier 1 should be the fact that the schools are located near London, as even an average student through networking can easily get better placement than a top class student from most of the other schools. Also would rank HEC as tier 1.5 as it's not on par with SSE/ESSEC/ESCP etc...

 

Thanks again, great post. However, the minimum thresholds for LSE Fin and Oxford MFE are not 700 and 720 respectively. Neither is it 680 for the MFA, though it’s recommended.

 

Actually think LBS has bias against very high GMAT (>730). All my friends including myslef with GMAT>=750 got rejected & 710-730 got in with comparable profile in other sections.

 

I am from one of the school listed/similar schools and all I can say is that whilst yes some people are going to McK its more exceptions rather than the norm. There is usually 1kid going there per firm per year max. That makes 3 kids/year out of usually 300+ applicants. A 1% offer rate is very low, hence Tier 3.

Note that a majority of people getting into MBB from these schools are most of the time diversity/LGBT/women - speaking from experience as one of my good friend is one of them. My friend is clearly saying that he gets such opportunities because of his profile not his CV.

 

Out of curiosity, how do you let people know that you're LGBT? A friend of mine said that I should put all the terms that apply to me on top of my CV. But that seems a little strange. So how do you do that?

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Disagree with Imperial Finance Msc being tier 2.5. Especially in the past few years, Imperial's Finance course has got better and I would place it at 1.5. Certainly not lower than LSE A+F.

 

It's a very similar course with the option to take a private equity module.

Might help slightly to tell your story better when they ask why PE but not really.

 

A true ranking from a french perspective:

[This ranking changed the initial post thanks to me].

Tier 1:

  • Oxford MFE
  • LSE MSc Finance
  • LBS MFA

Tier 1.5:

  • HEC MIF
  • Bocconi MSc Finance
  • LSE MSc A&F

Tier 2:

  • LSE MIM
  • LBS MIM
  • "SSE/ESSEC/ESCP/St.Gallen/WHU" MSc Finance
  • Imperial MSc Finance

Tier 2.5:

  • Warwick Msc Finance
  • ESADE MSc Finance

Tier 3:

  • EDHEC MSc in Financial Markets
  • Imperial MSc A&F
  • Cass MSc Finance
  • "IE/CBS" MSc Finance
 
anonymous9191:
What about tier 1 vs US programs like MIT MFin globally?

The MIT MFin Program is a Finance-Computer Science tailored for extremely highly quant appliants (Perfect applicant profiles are Engineers OR Computer Science Majors).

Not the same Program as the European pre-experience Finance master's, which are not-so-quanty MBA-like pre-experience programs for IB & MBB.

The MIT MFin is highly quanty +++ Frankly, it has nothing to do with all the other European programs that are being discussed here, in terms of curriculum & career outcomes.

For instance, try to successfully complete the "eligibility test quant exercises" on the program's admission website. I couldn't do any of them. Also, a typical applicant should be proficient in a programming language (Python, etc.).

(Attended a Presentation Seminar (in-person) about the Program. Talked with an Associate Dean of Admission and a Senior Program Director about eligibility, quant requirements, etc.)

 

Good one. Just wanted to add that for the French schools it's rather the MiM (Grande Ecole / sometimes with Finance specialization in Year 2) degrees than just MIF/MSc Finance that place best

 

Thanks for the post. Could anyone give me some advice on my current predicament.

I have 2 offers:

LSE A&F (£28k)

Warwick Finance & Economics (£35k but received 50% scholarship)

I would definitely prefer to LSE but the cost is extremely high. Come from a middle class background and parents can help me but the total figure is not close to the £28k (+ London living costs) needed. Could defer for a year and would hopefully work and save enough for 2020 entry.

Is it worth it or shall I just take Warwick?

Probably want to go into IB but only about 75% sure at the moment.

 

CV is not particularly good, one internship at BB in PWM, Economics (1st) at low Russell group. Another thing to consider is the ability to network in London etc but by the time term starts in September this will be too late for the recruitment cycle. Also would prefer to study A&F in comparison to E&F.

 

Could need some help. Got into Imperial's climate change, management and finance program. Obviously a specialized degree and but I hope to go into energy/clean tech banking (corporate banking or development bank is the goal but open to IB too) or corporate finance (FP&A, strategic finance, etc). I have around 2 years of experience in valuation. Should I apply for graduate roles or more experienced roles (senior analyst)? Also, I understand specialized degrees are tiers below finance or finance/accounting in terms of recruiting but how far below? Tier 2.5?

 

Surprised to not see HEC MiF in Tier 1, especially when the programme is (was) ranked highest for pre-exp. Masters in Finance. Otherwise the list is fairly spot on. I'm trying to choose between HEC and LBS and struggling considerably, but atm it seems HEC has better relationships with MBB/BBs and PE firms + great post-grad. salary statistics, whilst LBS network built seems far stronger due to the exposure to MBA/MFin students. Thoughts?

 

You have ZERO chance of landing MBB out of HEC if you're not perfectly fluent in French. 1 - Competition on-campus for MBB is monstrous (your colleagues are far from being naive); 2 - Actually, language fluency is a strong requirement, as is boldly stated on each and every MBB networking event in Paris throughout the school year.

Good luck with that

 

Definitely would like to object: First of all - you'll not get a job in French MBB If you're not French native.

BUT, HEC is placing excellently at MBB internationally and most of them hold country specific events (e.g. McK Germany, Bain Italy etc.) at HEC/ in Paris.

However, best for Consulting would be a Grande École/MiM if you're considering French schools

Bit surprised to not see HEC in Tier 1 either as I know atm ~10 people joining PE directly at very reputable firms.

 

Former MBB London. There are 5 target unis, 70% of the intake is Oxbridge, 20% is UCL/Imperial/LSE, 10% is other. LSE is in reality not dominant at all in consulting. I think UCL and Imperial do actually better. Might be different for banking. For LBS only the MBA is seen as a target, the masters degrees not.

STEM disciplines are favoured more than arts but you can get in from any of them. Finance masters aren't favoured that much in reality. You're better off doing Theoretical Physics than a Masters of Finance

 

Surprising, knew very few in London. Could be it's internationals who place into local offices where the LBS brand is potentially more favoured.

 

Nope, different departments. LSE MSc Finance/Finance&PE has its own networking events and alumni network separately from the rest of the university. However, LSE MSc A&F also has its own networking events.