MSF - personal experiences

What’s up guys and gals...

If all goes as planned, I will be heading off to an MSF program starting next summer. By that time, I will have a shade over 1.75 years FT WE in BB PWM. It just so happens that my top choice (UIUC) values having some work experience and the average student has 1.5 years FT under their belt.

I have seen this topic discussed before (i.e. Anthony mentioning his 3 years WE made MSF OCR a bitch, some MSFs favoring prior WE, too much WE for analyst role/too little for associate role, etc.) but I was wondering if anyone here can share their personal experience dealing with this?

I have a few banana's for anyone with 1-2 years experience and is either currently getting their MSF or has recently graduated and can share their experiences with OCR, networking, and how you are viewed by potential employers.

I appreciate the help!

-The Kid

 
Best Response

At MIT MFin now, with 1.5 yrs FT WE. Just started a month ago, but thus far my impression is that work experience will not be a problem. We have access to MBA and undergrad recruiting, so whatever role you are looking for you can get an interview. Then it is all up to you. Also, some companies that will remain unnamed have designed roles specifically targeted to MFin students that are between entry level and post-MBA level - think financial consulting. Additionally, many companies specifically recruit MFin students only, with no regard for work experience. BB (GS, MS) Quant Finance for example just announced they are recruiting MFins only this year.

Let me know if you have further specific questions.

 
Dr Joe:
Also, some companies that will remain unnamed have designed roles specifically targeted to MFin students that are between entry level and post-MBA level - think financial consulting. Additionally, many companies specifically recruit MFin students only, with no regard for work experience. BB (GS, MS) Quant Finance for example just announced they are recruiting MFins only this year.

+1 ... thanks for the info

Just wondering why those companies should remain unnamed? Also, any other examples besides quant?

 
The Kid:
Dr Joe:
Also, some companies that will remain unnamed have designed roles specifically targeted to MFin students that are between entry level and post-MBA level - think financial consulting. Additionally, many companies specifically recruit MFin students only, with no regard for work experience. BB (GS, MS) Quant Finance for example just announced they are recruiting MFins only this year.

+1 ... thanks for the info

Just wondering why those companies should remain unnamed? Also, any other examples besides quant?

I suppose there really isn't a reason for them to remain unnamed. The one I was thinking of was Deloitte's financial consulting practice that has allegedly been recruiting heavily enough in the past that they designed a special role for the program. As of now, I can't think of any other examples besides quant - it is quite early in the recruiting season and no-one else has set up specific presentations to the MFin students only. However, for what its worth, the Class of 2010 placement report seems to be representative of the interests of the students, and I suspect industry/function breakdown will look similar this year. Available at http://mitsloan.mit.edu/pdf/Class_of_2010_Master_of_Finance_Employment_…. I should point out that the sample size of that report is tiny, so surprisingly accurate in my opinion.

 

Dolores velit consequatur laborum ea possimus enim. Ea nesciunt ut aliquid nihil qui doloremque omnis. Alias nemo et corrupti. Dolorem earum magni aut eligendi eum. Optio id a minus numquam.

Ea at aut autem ut ut quia dolore. Aut ut nihil quo consequatur est. Cum perferendis accusantium amet maiores facilis eligendi veniam. Suscipit tempora a et itaque. Impedit quia autem molestias quae amet quidem rerum.

Consequuntur et debitis tenetur aut facere. Et accusamus sunt iste exercitationem eos. Sed voluptas temporibus vel porro eum qui unde. Ut distinctio et eos et. A ullam harum ducimus libero et vel rerum. Vero eveniet maiores fugiat quae in.

Sed dolor illo dolores. Illo fuga aut minus dolor. Sunt blanditiis et veniam expedita adipisci. Rerum assumenda modi laudantium est qui molestiae. Sed et ad sequi quia nihil velit quo fugit.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
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...”