What's the purpose of MS programs?
I really don't see much use for them other than by people who went to lower tier schools who can get into better MS finance programs to leap frog up into better jobs and for people with non-finance backgrounds to get into finance. That's what it seems like to me. Am I wrong?
Nope.
EDIT:
I guess there are some academics who actually like that stuff. But like you said, it's mainly a fix for a problem.
What do you mean some academics who actually like that stuff? You mean students on their way to a PhD program or something? (I think most(?) PhD finance programs require 30 hours of graduate school)
Yup. Either you're in it to get out and get a job or you're there because you're doing a PhD/have nothing better to do. Those people exist.
Haha. I may be one of those people. I'd like to get some actual work experience under my belt first, but academia sounds great. But I'll probably get too used to actually making money to do a phd and won't ever go through with it.
Uses of an MSF:
1) Rebrand - mini MBA 2) Further Education - Some people might have had a non finance UG or a non business UG. Some might just want a graduate degree. 3) MBA substitute. One year in length, graduate degree. Outside of banking the degree can be a substitute. 4) Another year in school. Network, intern, better GPA. 5) Switch careers. Maybe you work in F500 for a year or two and want another shot at banking. 6) PhD. Good way to test the water out before going into a program. 7) CFA-lite. One year, classroom study. Not as in depth, but beneficial and based off the CFA in many instances.
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