St. Gallen (HSG) MBF vs Imperial F&A for non-german speaker

Based on the most helpful WSO content, here's a breakdown of your options and considerations for HSG's MBF vs. Imperial's Finance and Accounting program:

HSG MBF (St. Gallen)

Pros:

1. Cost Advantage: HSG is significantly cheaper, saving you at least €60-70k compared to Imperial. This is a major factor, especially if you're financing through debt.
2. Prestige & Selectivity: The MBF program is highly ranked (e.g., FT rankings) and considered a flagship program, which adds weight to your CV.
3. Course Flexibility: The program offers a strong curriculum with a focus on finance, making it appealing for IB/PE roles.
4. Smaller Cohort: A more selective and intimate cohort can lead to better networking opportunities within the program.

Cons:

1. Language Barrier: The network and opportunities heavily favor German speakers and the DACH region (Germany, Austria, Switzerland). Without German proficiency, you may find it harder to leverage the alumni network or secure local internships.
2. Placement Bias: HSG's stats are skewed toward DACH MBB placements, which may not align with your goal of working in London IB/PE.
3. Lifestyle: St. Gallen is a small, quiet town, which might feel isolating compared to the vibrant, international environment you're used to.

Imperial Finance & Accounting

Pros:

1. Location: Being in London places you at the heart of the financial hub, with direct access to networking events, internships, and job opportunities in IB/PE.
2. Post-Study Work Visa: The UK allows you to stay for two years after graduation, giving you more time to secure a role in London.
3. Social Life: London offers a dynamic and international lifestyle, which aligns with your preference for a lively environment.
4. Imperial's Reputation: While the F&A program isn't the flagship, Imperial College London is globally recognized, which can help with brand recognition.

Cons:

1. Cost: Even with a scholarship, Imperial is significantly more expensive than HSG, which could be a financial burden.
2. Program Prestige: The F&A program is not as highly regarded as HSG's MBF or even Imperial's MFin, which could impact placement outcomes.
3. Inconsistent Placements: While 40% of graduates place in London, the outcomes can be inconsistent, and the class profile may not be as strong or selective.

Key Considerations for Your Goals (London IB/PE):

1. Language & Network: Without German proficiency, HSG's network and placement opportunities in the DACH region may not be as accessible. Imperial, on the other hand, positions you directly in London, where you aim to work.
2. Cost vs. ROI: HSG offers a better financial deal, but the lack of direct access to London IB/PE roles could limit your ROI. Imperial's higher cost comes with the advantage of proximity to your target market.
3. Lifestyle Fit: If you value a vibrant, international environment, London (Imperial) aligns better with your preferences than St. Gallen.

Recommendation:

If your primary goal is to break into London IB/PE, Imperial's Finance & Accounting program may be the better choice despite the higher cost. The location, access to the London job market, and post-study work visa provide a clear advantage. However, if cost is a significant concern and you're open to exploring opportunities in the DACH region or leveraging HSG's strong brand for a later move to London, HSG MBF could still be a viable option.

Ultimately, weigh the financial burden against the strategic advantage of being in London. If you can manage the cost, Imperial's proximity to your target market might be worth the investment.

Sources: MSF Class of 2018, 20 Most Frequently Asked Questions - London Edition, Is target MSc Finance still possible in my situation? (Bocconi, HEC, LSE, HSG....), 20 Most Frequently Asked Questions - London Edition, Imperial MSc Finance and Accounting vs. ESCP MiM vs. IE MIF