RSM : Is this the right route?
I am planning to attend RSM to study Business Administration (bedrijfskunde), and my goal is to break into investment banking or another high finance area. I initially aimed for the IBA program, but unfortunately, I missed the January 15th deadline, so I opted for Business Administration instead. I considered IBEB, but IBEB just doesn’t excite me as much as business administration. From what I understand, there isn’t a significant difference between Business Administration and IBA in terms of career prospects, aside from the international environment and networking opportunities in IBA. Both programs are under RSM, and I assume they offer similar academic quality and access to opportunities. That said, if there are major differences that could impact my chances in IB, I’d love to hear about them. In my view, RSM is a better fit for me than alternatives like ESE, and I’m confident that I can maintain an average GPA of 8+.
My plan includes securing internships in investment banking, with firms such as VanLanschot Kempen or ING being on my radar, although I remain open to other promising opportunities that might arise through the university. I’m also looking forward to an ERASMUS exchange in my third year, aiming to study at a reputable university that can offer additional exposure and experience in the global finance environment.
After completing my bachelor’s degree, I intend to pursue a master’s degree in Finance and Investments. Alternatively, if my GMAT score turns out well, I might explore MSc programs in London. I’m reaching out to this community because I want to ensure that the route I’ve chosen is the best one, and I’d greatly appreciate any feedback or advice from those who have been through similar experiences or who have insight into the competitive world of investment banking.
Based on the most helpful WSO content, your plan to attend RSM for Business Administration and aim for a career in investment banking is solid, but there are a few key points to consider to maximize your chances:
RSM's Reputation and Networking: While RSM is a strong school with a good reputation in Europe, the IBA program does offer a more international environment and potentially stronger networking opportunities, which can be advantageous for breaking into IB. However, since both programs are under RSM, the academic quality and access to resources should be comparable. Your focus on maintaining a high GPA (8+) is crucial, as academic excellence is a key factor for IB recruitment.
Internships: Securing internships at firms like VanLanschot Kempen or ING is a great start. To further strengthen your profile, aim for internships at larger international banks or boutique investment banks with strong reputations. Networking will be critical here—leverage RSM's alumni network and career services to connect with professionals in the industry.
Erasmus Exchange: Your plan to participate in an Erasmus exchange at a reputable university is a smart move. Target schools with strong finance programs and connections to the IB industry, such as LSE, Bocconi, or HEC Paris. This will enhance your global exposure and provide additional networking opportunities.
Master’s Degree: Pursuing a master’s in Finance and Investments at RSM is a logical next step, but exploring MSc programs in London (e.g., LSE, Imperial, or LBS) could significantly boost your chances of breaking into IB, especially if you achieve a strong GMAT score. London-based programs often have direct pipelines to top-tier investment banks.
Networking and Extracurriculars: Beyond academics, actively participate in finance-related extracurriculars, such as investment clubs or case competitions, to build your resume and demonstrate your interest in the field. Networking aggressively through LinkedIn, alumni events, and finance conferences will also be essential.
Comparison to IBEB: While IBEB might have a more quantitative focus, your preference for Business Administration is valid if it aligns better with your interests. Ultimately, your success in IB will depend more on your GPA, internships, and networking efforts than the specific program you choose.
In summary, your plan is well thought out, but to ensure success, focus on securing high-quality internships, leveraging RSM’s resources, and considering a master’s program in London for additional exposure. Keep networking and building your story to stand out in the competitive IB recruitment process.
Sources: NYU Masters Real Estate vs. Non-Ivy MBA, RSM or SSE (Master's in Finance in Continental Europe on budget), Accounting major, can't seem to break into IB, https://www.wallstreetoasis.com/forum/job-search/ibd-sa-after-graduation?customgpt=1, Q&A: Broke into MM M&A from a non-traditional background and 2 years of networking and internships
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