MIM after Quant Finance Master for IB, is it worth it?

Based on the most helpful WSO content, pursuing an MiM after a Master's in Quantitative Finance (MQF) might not be the most efficient route for breaking into investment banking (IB). Here's why:

1. Value of a Second Master's:

   • The primary purpose of an MiM is to provide a foundational business education for those without prior exposure to finance or business. Since you already have a specialized finance degree (MQF), an MiM might not add significant value to your profile.
   • Instead, focusing on off-cycle internships and direct recruiting would likely yield better results. Internships are highly valued in IB recruiting and can provide the practical experience and networking opportunities needed to secure a role.

2. Targeting IB with Your Current Degree:

   • Your MQF already positions you well for technical roles in IB, such as quantitative roles or even traditional IB positions, provided you can demonstrate strong interpersonal and business acumen during interviews.
   • If you feel your current degree lacks certain soft skills or business exposure, consider supplementing it with targeted certifications (e.g., CFA Level 1) or short courses rather than committing to another full-time degree.

3. Language Barrier:

   • While not speaking Dutch may limit opportunities in Amsterdam, focusing on London or other major financial hubs in Europe (e.g., Frankfurt, Paris) could be more fruitful. These markets are more international and less reliant on local language skills.

4. LBS, LSE, Imperial, Warwick:

   • If you are set on pursuing another degree, programs like LBS MiM or LSE MiM are strong options due to their brand recognition and alumni networks in IB. However, their incremental value over your MQF might not justify the time and financial investment unless you feel your current profile is significantly lacking in areas like networking or business fundamentals.

Recommendation:

• Prioritize off-cycle internships and networking efforts to break into IB directly after your MQF.
• If you decide on a second degree, ensure it aligns with a clear gap in your profile and offers a strong ROI in terms of IB placement.
• Prepare thoroughly for GMAT/GRE if applying to top-tier programs, but weigh the opportunity cost of delaying your entry into the workforce.

Ultimately, the direct path to IB through internships and networking is likely more effective than pursuing an MiM after your MQF.

Sources: 3 years work experience in big 4, Ms Finance or MBA? Could you please give me some advice?, European Master in Finance programmes (pre-experience), Q&A: 2nd Year Analyst at McKinsey in Europe, Q&A: Big 4 Audit to MM IB