Should I do ANOTHER masters?

Based on the most helpful WSO content, pursuing another master's degree at a target school could significantly improve your chances of breaking into IB M&A at a BB or EB firm. Here's a breakdown of your situation and potential next steps:

1. Your Current Position:

   • Coming from a non-target university and having a private credit analyst internship is a good start, but as you've experienced, the lack of a strong brand name on your CV is a major hurdle in IB recruitment.
   • The feedback from your networking calls confirms that many firms heavily weigh the prestige of your educational background.

2. WBS MSc Finance vs. LSE/Oxbridge:

   • Warwick Business School (WBS) is considered a semi-target for IB roles, meaning it can open doors but may not guarantee the same level of access as LSE, Oxbridge, or other top-tier programs.
   • LSE and Oxbridge are full targets for IB, with strong alumni networks and direct pipelines to BB and EB firms. If you can achieve a competitive GMAT score and secure admission to one of these programs, it would likely provide a stronger rebranding opportunity.

3. Timing and Strategy:

   • If you can afford to wait a year and are confident in your ability to achieve a high GMAT score, aiming for LSE or Oxbridge is a better long-term investment for your career goals.
   • Use the additional year to strengthen your profile further—consider gaining more relevant work experience, participating in finance-related extracurriculars, or obtaining certifications like the CFA Level 1 to demonstrate your commitment to the field.

4. Networking and Applications:

   • Continue networking, but focus on alumni from target schools who may be more receptive to helping you once you're enrolled in a prestigious program.
   • Tailor your applications to highlight your determination, work ethic, and the steps you've taken to overcome the challenges of your non-target background.

5. Final Consideration:

   • If waiting another year is not feasible, WBS is still a solid option and could improve your chances compared to your current position. However, the leap in opportunities between WBS and LSE/Oxbridge is significant, so prioritize the latter if possible.

In summary, grinding the GMAT and aiming for LSE or Oxbridge is the optimal path if you want to maximize your chances of breaking into IB M&A at a top firm. The rebranding and networking opportunities from these institutions are unparalleled and could help you overcome the stigma of your previous university choices.

Sources: Networking 101 – 8 tips from a “non-target” school student, Is target MSc Finance still possible in my situation? (Bocconi, HEC, LSE, HSG....), 2018 UK Target Uni - MSc - for FO jobs: put your POV, https://www.wallstreetoasis.com/forum/job-search/ibd-sa-after-graduation?customgpt=1, European Master in Finance programmes (pre-experience)