Hi there,
Am an SG based analyst at a BB PB FO role (1 -2 years experience) and I am looking to move to IB in SG. Money is a concern for me so I'm thinking of doing either a masters in finance or an MBA at one of the local unis (INSEAD not included) as going overseas is too costly for me.
Just wondering if anyone has any recommendations on whether such a move is possible? I'm not interested in working overseas, as I wish to remain in SG.
Plan 1. MSF at Local Uni: Pros: - Cheaper than MBA. - Shorter time period of not earning money (1 year of studies for MSF). - Hoping to do several internships while taking MSF (perhaps take a year long mid MSF break to intern at several places).
Cons: - unsure if i'm too late to the MSF route as I already have 1 - 2 years of experience. Not sure if I can still get into IB at the analyst level. - Unsure to what extent do firms recruit local MSFs at the analyst level.
Plan 2. MBA at Local Uni: Pros: - Well recognized program (esp NUS, ranked #1 in Asia). - Fits well into my timeline of being a 2+ year analyst before doing an MBA.
Cons: - Costs slightly more than an MSF. - 2 Year study period not drawing a salary (potentially may take a gap year to intern as well, trying to get as much experience as possible). - Unsure to what extent do firms recruit local MBAs for the associate level.
I understand that if i want to have the best chance of breaking in, I'd be better off trying to get into a prestigious MBA overseas, however my financial situation is not great and I simply cannot afford to spend >$100k on further studies. As mentioned earlier, I'm only interested in working in SG.
Appreciate all the advice I can get.
