MSc Finance Profile Evaluation - LBS/LSE/HEC
Hey guys, I need some advice regarding the LBS MFA, LSE MSc F&PE, and HEC MIF.
My profile:
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BSc in Economics - #1 university in my country - high GPA (top 1% in the last five years - equivalent to first class honours in the UK)
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GRE:167 in QR, 164 VR
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Finance club: equity research on befalf of a financial advisory company
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Environmental volunteering, which is relevant to my career goals
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JLPT N2
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Strong IT skills, including R
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Strong references and application essays
Problem is I have no internship or work experience despite having graduated six months now. There are virtually no opportunities in finance in my country.
I have already applied to the LSE where I got an additional query about what I've been doing since graduating and what my plans are until the program starts. Is this common? In addition, should I go for it and apply to the other programs without work or internship experience?
Regarding the LSE and LBS, I can explain the situation through the query and application respectively, but I doubt they take such things into account. Do you think there are any chances? Work experience isn't a prerequisite for any program but everyone I've discussed the issue with thinks that this is irrelevant.
P.S. Planning to take CFA level I in August and looking for employment abroad
Based on the most helpful WSO content, your profile for the MSc Finance programs at LBS, LSE, and HEC seems quite competitive. Here's a breakdown of your strengths and how they align with the typical requirements of these institutions:
Academic Excellence: Your high GPA from a top university in your country, especially being in the top 1%, is a significant strength. LBS and LSE typically look for candidates with strong academic backgrounds. Your first-class honours equivalent will be viewed favorably.
GRE Scores: Your GRE scores are impressive and well above the average scores for most top finance programs, which should help your application stand out.
Extracurricular Involvement: Your involvement in a finance club and conducting equity research is relevant and shows a proactive approach to gaining finance knowledge. This experience can be highlighted as practical exposure to the field.
Volunteering: Your environmental volunteering can be positioned as leadership and a commitment to social responsibility, which are qualities appreciated by these institutions.
Language Proficiency: JLPT N2 certification demonstrates language proficiency that could be advantageous, especially in a global finance context.
IT Skills: Proficiency in R and other IT skills are increasingly important in finance, and showcasing these can add to your application's strength.
References and Essays: Strong references and well-crafted essays can compensate for a lack of work experience by highlighting your potential and motivation.
Regarding the lack of work experience, it's true that while work experience is not a prerequisite, it is highly valued. However, given the current global situation, admissions committees might be more understanding of the difficulties in securing finance roles. Your proactive steps, such as planning to take the CFA Level I and seeking employment abroad, demonstrate commitment to your career development.
As for the additional query from LSE, it is not uncommon for programs to ask for more information about gaps in employment or education. It's an opportunity for you to explain your situation and outline your proactive efforts to break into the industry.
In conclusion, you should definitely consider applying to LBS and HEC as well, emphasizing all the strengths of your profile. Make sure to address the lack of work experience directly, explaining the situation in your country and your proactive steps to mitigate this gap. Your chances seem reasonable, and with strong applications, you could be a compelling candidate for these programs.
Sources: European Masters Rankings, MSF Class of 2018, MSF Question and Answer, Q&A: Recent Columbia Business School grad that went to a HF after school, MSF Class of 2018
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