Oxford MFE vs LBS MFA ... + my next steps

Based on the most helpful WSO content, here's what you need to know:

Oxford MFE vs. LBS MFA

1. Oxford MFE:

   • Oxford is a globally recognized brand, and the MFE program is highly regarded for its academic rigor and career prospects.
   • It offers strong placement opportunities, especially in Europe, and is well-suited for roles in investment banking, consulting, and asset management.
   • The program is more theoretical compared to LBS but still provides solid career support.

2. LBS MFA:

   • LBS is known for its practical, finance-focused curriculum and strong ties to the London finance scene.
   • The MFA program is particularly strong for networking and internships due to its proximity to London-based firms.
   • It might have a slight edge in terms of immediate access to internships and networking events.

Since Oxford has been your dream university, it’s a fantastic choice, but you’ll need to be proactive to make up for the lack of prior finance internships.

Next Steps to Boost Your Career Prospects

1. Leverage Oxford’s Career Services:

   • Oxford’s career services are excellent, and they often host networking events, career fairs, and workshops. Attend these religiously to connect with recruiters and alumni.

2. Network Aggressively:

   • Start reaching out to Oxford alumni in finance on LinkedIn. Build relationships and seek advice on breaking into the industry.
   • Join finance-related societies at Oxford, such as the Oxford Finance Society, to meet like-minded peers and industry professionals.

3. Gain Relevant Experience:

   • If internships aren’t an option due to your family business, consider remote or part-time opportunities in finance. For example, boutique investment firms or startups often offer flexible roles.
   • Alternatively, work on finance-related projects within your family business to demonstrate transferable skills.

4. Prepare for SA Recruiting:

   • Start preparing for summer analyst (SA) recruiting as early as possible. This includes perfecting your resume, practicing technical and behavioral interview questions, and learning financial modeling.
   • Consider using resources like the WSO Elite Modeling Package or other financial modeling courses to sharpen your skills.

5. Highlight Your Unique Background:

   • Your family business experience can be a unique selling point. Frame it as entrepreneurial experience, showcasing leadership, problem-solving, and financial decision-making skills.

6. Consider Off-Cycle Internships:

   • If you miss the traditional SA recruiting cycle, look into off-cycle internships, which are more flexible and can still lead to full-time offers.

Final Thoughts

Oxford MFE is a stellar choice, but you’ll need to compensate for the lack of prior internships by being proactive. Focus on networking, skill-building, and leveraging Oxford’s resources to position yourself for SA roles. Remember, many students have successfully transitioned into finance without prior internships—it’s all about how you position yourself!

Sources: MSc Finance Profile Evaluation (LSE Finance, LBS Financial Analysis, Oxford Financial Economics), MFE right after graduation vs IB, MSF Question and Answer, Have I messed up my future?, https://www.wallstreetoasis.com/forum/school/uk-master-in-finance-advice?customgpt=1