Is a masters in finance really that useful?
Like a lot of other students all over the country, I have decided to pursue a masters to defer having to enter the job market by another year. I would like to pursue investment banking as a career and am aware of the top masters programmes (Oxford MSc Financial Economics, LSE MSc Finance, etc.). However these 1-year programmes are so bloody expensive and it's clear that recruitment give no special privileges to masters students over bachelor students when it comes to recruiting. So my question is, why the heck would anyone want to dish out £45k+ on a MSc Financial Economics course at Oxford when they could do another course at Oxford such as MSc Mathematical Sciences for a fraction of the price at ~£10k? Am I missing something here? I really enjoy maths and think I stand a good change of being admitted into the course.
Note for context: I did not manage to secure a summer internship in 2020 and attend a non/semi-target university where I study a bachelors in maths/econ
Basically making a bet on yourself using mom and dad's money most likely
Supply and Demand I guess.
This year Oxford raised the price again to 47K, and then you’ve still got to pay living costs and accommodation. The biggest barrier to entry for these courses is the price.
Makes no difference, go for oxford maths masters
MSF is a way to reset and recruit for IB/PE. It’s not really comparable to a masters in maths, since it isn’t really an academic program.
These places have tons of finance clubs, case competitions, networking events, etc that you won’t find in masters in maths.
If you look at top programs (oxbridge/LBS/LSE etc) you’ll see that they get a lot of attention from banks. These programs are designed to shoot people into high finance in one year, not give you an intro course to Galois theory. This is a much greater value-add in terms of ROI and drives the price.
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