Masters Degree Debate
I just graduated from a state school with a 3.45 GPA. I have some internship experiences, but I know I can’t get into IB without a graduate degree and stellar grades.
I’m currently studying for the CFA Exams, But I’m trying to decide If I should get a Double Masters In Finance And Accounting at a Non-ivy or finished all the CFA Exams and then apply for an MBA Program. And do whatever job comes my way for the next couple years.
Any Advice would be greatly appreciated and sorry If there’s grammar and spelling errors.
Sounds like you got a real master 'bate on your hands. A couple of points:
You don't need a graduate degree to get into IB.
Are you studying for CFA Level 1? It shows your interest in finance, but you don't need CFA for IB. I would stop after Level 1 for now unless you're interested in AM further down the line.
Don't get "double masters". Again, you don't even need a masters degree.
You most likely need work experience first before applying to credible MBA programs. If I were you I'd focus my efforts on networking and getting your first job. Cold emailing alums, etc.
finish cfa exams and get 5-7 years of work experience before going to get your masters. CFA takes dedication and time that’s harder to come by as responsibilities pile up (work, family).
As a graduate student working on master degree, i can assure you master degree would disqualify you in IBD, The only front office choice you have is Quant and Strat. Most Master degree students end up in middle office and back office. I would recommend you to choose the MBA path, prestigious MBA would help you enter IBD.
Correction: MS program like Vanderbilt does have high IBD employment rate.
Not sure what your masters is in..... but OP look up exit ops if Vandy’s MSF and others. Definitely have potential to go to FO positions.
My master is in Ivy league ,major finance related. Hardly see any chance that master graduates went straight into IBD. The most common FO they were in are Sales and Trading, but needs strong quant skills.
Surely a Masters wont disqualify you? I agree its not a requirement and pursuing one is overkill, but it doesn't lessen your chances to get into IBD surely?????
Of course not. Not sure where that poster is getting that idea from....
Surely, You can search as much as you want on Linkedin to see how many people got into IBD with master degree. It is literally minimal compared to undergrad.
The problem with that is that you’re assuming intent. What makes you think people went to those programs specifically to go into IB?
check out.... https://issuu.com/vanderbiltowen/docs/msf_employment_report?fr=sN2UzMjQ…
53% of 2019 class places into IB.
My apology, I did research that Vandy has a high rate of IBD from MS program. I went to Ivy in NYC and most of us went on the path of financial engineering. Thx for the information.
Appreciate you correcting the record. Not sure if you saw my above comment but it's almost like I knew you did an MFE before you even mentioned it. Obviously that is geared to more quantitative / risk focused roles.
I know you mean well, but don't kill the hopes and dreams of a kid. Sorry things didn't work out for you brother.
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