How Screwed am I? - Need Advice on MiF Programs for Career Switchers into SnT/IB

Hi guys, I would really appreciate your advice and insights. 

I'm a 25yo asian male graduated with a 3.51/5 GPA (equivalent to 2.81/4, 2nd Class Lower) from National University of Singapore in the major of Data Science. GMAT Focus 695. I am currently working as a data scientist and have little to none prior finance experience. 

I want to take a MiF program and switch to SnT/IB and eventually hedge fund in long term. My plan is to work in Singapore/HK/APAC first but I don't want to rule out the possibilities of working in US/UK one day. I understand that my GPA can be a hindrance, but is there any solid programs out there with good industry recognition which may be open to me? (I'm pretty open to programs anywhere) 

Thanks a lot for your time and any honest advice! Appreciate any insights from those in the industry or who've navigated this transition:)

7 Comments
 

Based on the most helpful WSO content, here’s what you need to know:

Your GPA and limited finance experience may present challenges, but there are still pathways to pursue a MiF program and transition into SnT/IB. Here are some actionable insights:

  1. Target Programs with Strong APAC Presence:

    • Given your goal to work in Singapore/HK/APAC initially, focus on programs with strong regional networks. Schools like NUS, HKUST, and SMU are well-regarded in Asia and may be more forgiving of your GPA.
    • European programs like LBS MFA, Imperial MSc Finance, or LSE MSc Finance could also be worth exploring, as they have global recognition and strong placement records in APAC.
  2. US/UK Options:

    • If you’re considering the US/UK, programs like MIT Sloan’s Master of Finance or Oxford’s MSc in Financial Economics are highly competitive but could be long shots given your GPA.
    • However, schools like Warwick, Cass (Bayes), or Durham in the UK might be more accessible and still offer decent placement opportunities.
  3. Strengthen Your Profile:

    • GMAT: Your 695 is decent, but pushing it above 700 could significantly improve your chances, especially for top-tier programs.
    • Networking: Start building connections with alumni and professionals in your target programs and industries. Networking can sometimes offset academic shortcomings.
    • Finance Exposure: Consider taking the CFA Level 1 or pursuing online finance certifications (e.g., Wall Street Prep, Financial Modeling) to demonstrate your commitment to the field.
  4. Realistic Expectations:

    • Programs like MIT, LBS, or LSE are highly competitive, and your GPA might be a limiting factor. However, mid-tier programs with strong regional ties could still help you break into SnT/IB.
    • Be prepared to leverage internships and networking heavily during your MiF to make the career switch.
  5. Long-Term Hedge Fund Goal:

    • Hedge funds typically value strong quantitative and analytical skills, so your data science background could be an asset. Focus on building a solid foundation in finance first (via SnT/IB) and then pivoting to hedge funds later.

In summary, while your GPA may limit access to top-tier programs, there are still solid options in APAC and Europe that can help you achieve your goals. Focus on improving your GMAT, gaining finance exposure, and networking aggressively to maximize your chances.

Sources: MSF Class of 2018, MSF Class of 2018, https://www.wallstreetoasis.com/forum/investment-banking/didnt-make-it-to-a-target-now-what?customgpt=1, How I've managed to break into IB from a non-target (work in progress), MSF Class of 2019

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Not sure whether the bot replies further, but does simply getting a higher GMAT score fundamentally improves the likelihood of acceptance into the top schools that are currently considered as stretches for me?

Brook
 
Most Helpful

To answer your question, yes it does. This would apply mostly for MBAs though where they weigh work experience a little bit more. MSF’s are very stats heavy and tbh they’re cash grabs. If I were you, I would nail the GMAT and get work experience and then do the MBA later. Btw, international student GPA’s don’t impact the rankings so you really don’t have a GPA.

 

Much appreciated! I'm thinking about using MSF to transition into the industry and use that as a leverage to apply for finance internships as well as for subsequent FT roles. Do you suggest doing those after my MBA (since I don't have any finance bg now)

Brook
 

Much thanks for the advice! I seriously tried to be a quant but have moved on from that thought haha. I'll def check out the forum though

Brook
 

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