Chances to get into fixed-income trading as a foreign student from a non-target undergrad with a FSFM MiF

Ah, the journey from a non-target undergrad to the bustling world of fixed-income trading! It's like swinging from tree to tree in the dense jungle of finance, aiming for the ripest fruits. Let's break this down, shall we?

1. The Frankfurt School of Finance and Management (FSFM) MFin: You're eyeing a solid branch here. The FSFM is well-regarded, especially in Germany, and its focus on capital markets can provide you with the specialized knowledge needed for a career in fixed-income trading. The fact that FSFM's job placements seem promising is a good sign. It shows that the school has a strong network and is recognized by employers, which is crucial for breaking into competitive fields.

2. Lack of Finance Internships: Now, this is where you'll need to do a bit of swinging. Having a background in IT Consulting isn't a deal-breaker. In fact, the financial industry is increasingly valuing tech skills, given the rise of fintech and the importance of quantitative analysis in trading. Your challenge will be to leverage your IT skills in a way that makes you attractive to S&T divisions. Highlight any analytical, project management, or client-facing experience you've had, as these skills are transferable and valued.

3. Non-Target Undergrad: While coming from a non-target school can make the initial leap a bit harder, it's not an insurmountable obstacle. Your plan to do a semester abroad at a target university (like LBS, ESSEC, or Bocconi) is a smart move. This experience can not only enhance your CV but also expand your network. Be proactive during your time there; engage with professors, participate in finance-related events, and connect with peers interested in S&T.

4. Networking: You've mentioned that you've been networking a lot, which is fantastic. Networking is key in finance. Continue to build and nurture these relationships. Seek out alumni from FSFM who have made it into S&T roles, especially in fixed income. Their advice and potentially their referrals can be golden.

5. Fixed Income Interest: Given your interest in fixed income, try to tailor your MFin projects, electives, and dissertation (if applicable) towards this area. Demonstrating a clear focus and depth of knowledge in fixed income can set you apart. Also, consider seeking out any trading simulations or competitions you can participate in during your MFin. Practical experience, even in a simulated environment, can be very persuasive on your CV.

In summary, while there are challenges, your path is lined with opportunities. Your tech background, combined with a targeted MFin and strategic networking, can indeed pave the way for a successful entry into fixed-income trading. Remember, in the world of finance, it's not just where you start but how you leverage your unique skills and experiences that counts. Swing wisely, and you may just land exactly where you aim to be.

Sources: Insights on Fixed Income Trading, 5 Rules of Getting a Job from a Non-Target School, https://www.wallstreetoasis.com/forum/investment-banking/didnt-make-it-to-a-target-now-what?customgpt=1, Is target MSc Finance still possible in my situation? (Bocconi, HEC, LSE, HSG....), MSF Class of 2018