MBA or MFin after 3 years of banking?

Hey guys, long time lurker on the forum here - been following since freshman year in college. I now have 3 years of experience working as an IB analyst in a coverage group at a tier 1 bulge bracket bank in NYC. Due to my visa issue, I unfortunately have to pursue a master’s degree to come back to the U.S. next year.

I am in the process of deciding whether I should apply to an MBA or a Master of Finance Program. I am currently leaning towards a one-year Master of Finance Program because it’s shorter, more cost-effective, and can allow for 3 chances with the work visa lottery (H1b), while an MBA only gives 1 chance with the lottery.

Question 1: My goal after graduation is to get an Associate position doing corporate development, corporate strategy or FP&A etc. I understand that generally an MBA degree is perceived more favorably, but given that I have had 3 years of experience in IB, do you think my chances with landing a corporate dev gig will be jeopardized by the Master of Finance program (rather than the MBA)?

Question 2: I have been in regular contact with headhunters during my 3 years of banking career. If I am still interested in Associate positions at smaller PE funds / investment firms after graduating from a Master of Finance program, will I still stand a chance with these firms through headhunters? I understand that they typically work with current analysts but, again, given that I have the right experience, will I still be able to at least generate some leads through their help?

Thanks! smalltown

4 Comments
 
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I really think your situation is one of the few that would merit choosing the MSF route. They are getting obsessed with getting qualified as STEM programs, which helps international students get way more time to be here without hassle. Maybe throw in some top MBA apps too just to see what you can get. MSF recruiting is weird, but given your background, I think you could manage. Plus if they ever ask why MSF instead of MBA, mention the international situation, which is an excellent reason. I think PE would be the only area that would really turn their nose up at MSF in your case, but I really don't know. It just sounds like something they would do based on how obsessed they are with people getting MBA's.

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