Admission chance for MSc Finance?

Hey! I've just graduated from my master. I'm thinking of applying for MSc Finance program for the next fall, but worrying about the chances of admission for each of them. Ok, briefly, my stats is a graduate from us top 20 liberal arts college, major in economics, did a master in international security at one of the top uk unis (oxbridge, ucl, lse), no finance-related work experience, but other political internships, excellent extra, few leadership positions in college, GMAT 750, the worst one which worries me the most is my gpa which is below 3.2 above 3.15.. I want to apply for MIT (a very long shot given my gpa), princeton (the same), LSE, Imperial, hec, bocconi, or some other 2nd tier us ones.. anyone will comment on my chances of getting in? Any advice will be very helpful!! thanks!

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Comments (8)

Nov 14, 2015 - 11:54am

i wasn't thinking of a career in banking though i majored in economics before. I was more leaning towards doing a jd after college. then one year school experience in europe made me realize that i'm still more keen in ib. now still in a worried and confusing situation of deciding which educational path will better help me achieve the goal.

Nov 14, 2015 - 12:49am

I think your chances are extremely low at MIT and Princeton given your GPA. I know that at least a few finance masters programs in the UK require at least a 3.5 GPA.

Universities will most likely question your reason to pursue a masters in finance given the fact you already have a masters.

I think you would be competitive at many of the European universities you listed as well as some other U.S. programs. (Given your high GMAT and educational background)

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Nov 14, 2015 - 11:49am

How about lse and oxford in particular? If I apply for their top programs like MSc Finance and Private Equity or MSc Financial Economics, what are my chances of getting admitted for one year masters? (Although schools such as lse lists min requirement for Masters, I know people who have gotten in below their 3.5 bar..European schools seem to be less difficult in terms of admission comparing to top us ones. Will it be worth a try for lse and oxford directly for one year?

Or I'm thinking of another option of doing a postgraduate diploma in A&F at LSE, then try for MIT or Princeton for the following year? Would the diploma help increase my chance of admission to the US top ones?

I always think since breaking into ib is already competitive enough, if not go for the top program, the chance of even getting an interview is slim after undergraduate..

Best Response
Nov 14, 2015 - 12:26pm

I think you have a very good shot at a number of schools, but you are going to need some finance experience on your resume if you hope to have any chance at working post graduation. Your profile says to me that you are very smart, but don't really know what you want to do. The list of schools you gave further reinforces this.

MIT is a possibility, but with your GPA I would say odds are around 50%. I am going to assume you are female by your screen name. If so, it will help you in your applications.

Princeton looks for people with work experience. It really is an MBA substitution. I'd say you have little to no chance their.

If you are European, do Bocconi or LSE. Try and do a program that is two years in length so you can get a proper internship in the middle.

You need to create a good story to sell adcoms. I'd probably encourage you to explore why you actually want to work in banking (especially since you have no finance internships or work experience and wanted to do a JD, then international security). If you just want an MBA or some awesome exit opp, maybe go for that right away. Without a great story and internships I can see interviewers dinging you right off the bat.

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Nov 14, 2015 - 12:57pm

I was concerning about finance internship as well. Will it be a good option to do a postgraduate diploma at lse and do an internship along the way then go for MIT or Princeton? I think the diploma option allows students to take graduate level courses from accounting, finance, economics, or other departs at lse. But then I worry about how much a postgraduate diploma even from lse will help me secure a decent internship before a master in finance?

Then I have another choice to just go for MBA. But based on my profile, the best chance is that I'll get a job in consulting. Otherwise, working for NGOs that sort for couple of years then going for MBA. But as i've set mind in banking, I don't know if I should start working in the industry and building network from early on than couple of years later. After all, succeeding in banking needs experience.

Nov 14, 2015 - 11:36pm

I don't know what you're talking about. what in your profile says you'll be a strong MBA candidate? you clearly don't know what you're doing.

since MSFs typically don't have as much $$ support as MBAs, beware of becoming an admitted "cash cow". Also it's easier to get into MSFs than getting out with a job.

when in doubt, create value. if you can build a strong network and bolster your technicals, do that diploma. if you aren't sure, then you'll be paying money for nothing -- just get working.

Nov 15, 2015 - 10:39am

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