Masters in Stats/MFE vs MBA

Does anyone see any issues with being promoted up through the ranks and having a masters in statistics or financial engineering/quant finance degree instead of an MBA?

This is just my perception, but I feel like many people have a hard time getting promoted above the VP level of your division or team if you don't have an MBA and people view you as not having enough soft skills if you do a more technical masters degree. If not that, then it's maybe just the majority of the super math geniuses don't have the best social skills and don't make the right connections to move up, or maybe don't want to move up. That being said, I would consider myself as outgoing, people friendly, good with communication, and don't have issues making connections or getting to know new people and promoting myself.

Starting out after grad school I see myself using my masters degree in the short run, but as I get older, around 50 or so, I would like to be promoted up and spend less time doing financial/data analysis, and instead, being more of a manager. And by manager, I mean SVP, director position, or higher, depending if I like management or not. In short, I see the technical masters degrees being a better short run alternative, and the MBA being a better long run alternative. I know there are some MBA programs that have a stats or quantitative finance emphasis, but they don't contain the depth and exposure I would be happy with.

Lastly, my undergrad is in Financial Economics and I am about half way done with a statistics minor, but am debating whether or not I should finish it. If I decide to do a masters in statistics I probably won't finish my stats minor and will take some proofs classes. If I decide to do the MBA I will probably finish my masters in stats. Any insight here.

1 Comments
 

Deleniti qui impedit odit dolorem non et commodi. Nesciunt quod autem enim aperiam. Tempora nihil blanditiis et veritatis quam. Et occaecati officia ut velit odio.

Repudiandae omnis recusandae perferendis dolores. Repellat exercitationem distinctio alias sed exercitationem. Repudiandae ut omnis tempore sed labore sint delectus. Consequatur perspiciatis perferendis voluptatem ducimus aliquam deserunt.

Consequatur explicabo dolor amet quia molestiae inventore. Eos at consequatur maxime veritatis culpa.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
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...”