Duke MMS

NVCC4's picture
Rank: Monkey | 37

Hey guys,

Just had a quick question or two about Duke's MMS program. As someone who is looking into different MSF/MMS programs, I was wondering how Duke's MMS program would "rank" if it were to be compared to a current MSF program? I understand the comparison is of two pretty different programs, as one focuses strictly on finance and one has a more general, management curriculum, but just wanted to get a sense of how the program is perceived or ranked as compared to other schools/programs in terms of quality, OCR, brand name, network, etc. Which MSF program would be it be equivalent to/which would beat it out?

When it comes to what I'm looking for and my background, I'm a recent graduate from a non/semi target school with a degree in Finance. I'm looking into both MSF programs and Duke's MMS program because although I do have an interest in corporate finance, I'm very open to other areas of work as well, such as Energy, Tech, and even Consulting, which is why the MMS program appeals to me. I'm also open to working anywhere around the US really, but prefer the Midwest, Northeast, and South.

Any info/help you guys could provide would be great. Thanks.

Comments (89)

May 16, 2017

Good q. Perhaps list a few Ms programs and your degree and ask people to rank them.

Also allow people to include a gap rank, in case the difference is too much

E.g Princeton Msf vs Boston Msf

-Princeton Msf
-gap
-Duke MMS
Boston Msf

May 16, 2017

So as @techjobsyankee recommended, I'll list a few programs and you guys can rank them in order of how you think the programs would be ranked. Also, I studied Finance in undergrad as I stated in my original post.

  1. Duke MMS 2. Northwestern MSMS 3. Ross MiM 4. Vandy MSF 5. Villanova MSF 6. UT Austin MSF 7. USC MSF 8. WUSTL MSF 9. Ohio State MSF 10. Boston College MSF 11. Rochester MSF

I didn't include MIT and Princeton as I know those are the top two by a decent margin and are more so an MFE than an MSF.

Also, feel free to include a "gap" if you would like to, as @techjobsyankee stated.

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May 17, 2017

If you consider consulting/management as your first choice: 2,1,3,4,8,6,7,11,5,9,10
If you consider finance as your first choice: 4,8,6,2,1,3,7,11,5,9,10

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May 16, 2017

So, according to you, it looks like overall the Duke MMS program is pretty good if it were to be ranked along with these other programs.

Surprised the USC and BC programs are that low, or at least the BC program from what I've heard/read. Interesting.

May 16, 2017

Good list brah.

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Best Response
May 19, 2017

Duke's MMS is a cash cow. It isn't a serious program. The school just profits off of its brand. The placements are weak year over year.

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May 17, 2017

Duke's MMS and MQM take internationals (read: no work permit=harder to get jobs) with no work experience and place them into decent corp.fin. and cor.dev. jobs.
Vanderbilt's MSF takes Americans with previous experience in IB boutiques and places them into another IB boutiques and sometimes into MM IB.
From this perspective, the placement in Vanderbilt's MSF is better (if you value IB a lot, which is probably a right approach), but the career boost is way more significant in Duke's programs. And the career boost is the right measure, in my opinion, because you cannot do much about what you have right now (you cannot just become a U.S. citizen with experience in IB).
Also, what matters more than the school's brand anyway?)

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May 16, 2017

Your first sentence seems to contradict @Esuric 's comment, because if placements are weak then itls should be affected most.

Can you please for the benefit of us all further corroborate your reasoning, using sources, anecdotes etc.

Thanks

Nov 26, 2017

IBD placement?

happy to give advice; no asking for referrals please

Nov 26, 2017

also background please
more specific the better

happy to give advice; no asking for referrals please

Nov 26, 2017

This. and plans? (IBD, MBB, etc.)

Nov 26, 2017

First off thanks for posting.

Would you mind sharing a little more background information about yourself? Also, could you touch on the application process?

What made you pick Duke over other programs and do you feel you'll be able to get into the career you want?

"Because it's not worth winning if you can't win big!" - Coach Reilly

Nov 26, 2017

About getting the career, yes, I did, I originally wanted IB, but wound up in consulting after an interesting offer came along. I did get plenty of interviews in IB, wound up getting a first round at the consulting firm through OCR, went in, really like it, got a super day and received an offer, met everyone, loved the culture and the work and wound up going that way.

Nov 26, 2017

IB placement varies year to year, I got a bunch of interviews, so if you have a decent background it shouldn't be too difficult. We have some BB OCI, a fair number of MMs and boutiques. For those who did get interviews, they generally had prior IB internship experience.

Nov 26, 2017

Background: Non-target grad, two summers of IB, one regional boutique and the other at a smaller MM (50 man shop). STEM Major, research background. Low 3s GPA, 680 GMAT. Strong LORs.

Application Process: I applied in round 1; The process was very fit focused and they look at fit both ways, not just are you a good fit for Fuqua, but is Fuqua a good fit for you. Interviews are very behavioral and focus in on leadership and teamwork, mine was very conversational, my interviewer had grown up near where I had interned and we spent a lot of time talking about that. Know what Fuqua is about, the school prides itself on turning out leaders of consequence. So softs are important in demonstrating, leadership, teamwork and community service. Aspirations of people in the program run the gamut from IB/Consulting to entrepreneurial to social enterprise. More people lean consulting than anything else it seems.

Why Fuqua: I was admitted to a few other programs both MiM and MSF, the reasons I chose Fuqua were: the network, it's Duke and the loyalty and depth of the network are amazing; the academics, our professors are among the best in their fields; the location, I like the South, I went undergrad in the South and long term I plan to remain here; finally, the OCR/OCI is stronger here than at most masters program.

Where am I going after: I am joining a boutique management consulting firm, they have a great culture, the comp is amazing, they matched NYC pay in a very low COL Southern city, they specialize in an area that I love and they are in growth mode.

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Nov 26, 2017

When do they normally release the decision? Is it exactly on the day that they mentioned on the calendar?

Nov 26, 2017

I got mine exactly then around midday or early afternoon.

Nov 26, 2017

@"guyfromct" I just got waitlisted. Do you have any idea regarding the waitlist process? like how many people managed to get in from the waitlist??

Nov 26, 2017

I have no idea, I was R1 and in with similar stats

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Nov 26, 2017

Hey @"guyfromct"
Appreciate that you took time out to help!

I'll be applying for Fall 15 and had some questions that i'd love to have your opinion on.
If you have the time, please drop me a mail at : toyamanarora[at]gmail[dot]com so we could continue the conversation there.

Thanks!

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Nov 26, 2017

I threw you an SB, once you get 10 points you can PM.

Nov 26, 2017

Hi @guyfromct

What is the placement prospective in NYC for international students after graduating the program? I have a look at the class profile and about 60% of international students obtained FT offers in US but it didn't specify which cities.

Thanks.

Chaos is a ladder and the climb is real

Nov 26, 2017

This year a lot got offers in NYC, especially at Deloitte advisory, a few went to Boston to state street, some SF, not sure about Chicago.

Nov 26, 2017

This post is probably dead but I'll try anyway. Do you know if any students got jobs in Asset Management or hedge funds?

Nov 26, 2017

State Street hired 3 for its rotational program, I know of one REPE offer. I had a few interviews with MM PE, recruiting will depend on your resume and outreach efforts.

Nov 26, 2017

Fewer than 3 people in a given sub category and they don't report it for privacy reasons.

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Nov 26, 2017

Do you think you could get into a BB from either of the 3 other schools? If you don't - then Duke is the obvious answer. If you are fresh out of college and go from MSF/MMS -> an analyst program I am sure your financial knowledge will get 10x greater than the average fresh recruit. Don't forget that a lot of kids in finance were not finance majors.

So, are you fresh out of college? What are your stats like? -like will Duke make that much of an impact for your resume?

Nov 26, 2017

Do you think you could get into a BB from either of the 3 other schools? If you don't - then Duke is the obvious answer. If you are fresh out of college and go from MSF/MMS -> an analyst program I am sure your financial knowledge will get 10x greater than the average fresh recruit. Don't forget that a lot of kids in finance were not finance majors.

So, are you fresh out of college? What are your stats like? -like will Duke make that much of an impact for your resume?

Nov 26, 2017

i think duke is the best choice out of the 4.

Nov 26, 2017

I went to school at the Rochester Institute of Technology graduated with a 3.89 GPA Majored in economics. (GRE 1380 GMAT 720) Also have had 2 papers published in major economic journals. As for the finance side not a great deal of experience or course work. I took a few basic finance courses and corporate finance 1 and 2. As work work since graduating I have worked as Junior Financial Analyst For the Royal Bank of Scotland.
Theres all my relevant stats. Its just not having a finance background I always assumed the best way to get into IB and BB was a masters or an MBA in finance.

Nov 26, 2017

I believe (although I am biased because I was a Duke undergrad...some time ago though) that Duke is your best bet. You will have the opportunity to apply through OCR to every single important bank possible including:

Goldman
Bank of America
UBS
Credit Suisse
JP Morgan
Barclays
Morgan Stanley
Nomura, Lazard
Deutsche Bank
Piper Jaffray
Jefferies
Raymond James
RBS
Wells Fargo
Suntrust
Stifel Nicolaus
Harris Williams

as well as other finance and consulting firms like:

Jane Street
DRW
Group One
Bain
BCG
McKinsey
Deloitte
PwC
E&Y
Audax (PE firm)
Cambridge Associates
Blackrock
Blackstone
Citadel
Accenture
Berkshire
AMEX
Prudential

etc, etc ,etc

Now that I've gone through the recruiting advantages, the program itself (from what I hear) is taught by the same faculty as the MBA program, and is basically the exact same classes. The only difference is that they tweak them a bit to compensate for the lack of "real world" experience. In the Financial Analysis class the final project is the valuation of a firm using several different methods (projecting IS, BS, SCF, doing DCF, EVA, ratios, etc). But overall the program will be very different than a MSF because you will also have strategy, marketing and economics courses. You will not go VERY in depth into the finance stuff. Anyway, let me know if you have any questions and I'm sure I can help answer them (or find someone else who knows the answer).

Nov 26, 2017

I am leaning heavily towards Duke right now, my only problem with the program is that most MSF programs now have student run funds and groups which would give me real world experience in Financial Analysis and modeling and don't think Duke would necessarily prepare me for that.
What do you guys think ?

Nov 26, 2017

What's the correct title of the MMS btw? Is it a MSc or MA?

Wouldn't it sound a little odd and not like a real masters degree to write on your CV: Masters of Management Studies: (!!) Foundations of Business (!!!) program

Doesn't this sound too much like prep programme or "masters light" compared to e.g. a Masters in Management from LSE or LBS in London?

Nov 26, 2017

Although the correct title is Master of Management Studies when filling out applications Duke has stated that it is considered a Master of Science (M.S.) degree.

Nov 26, 2017

so which did you take up? i am having difficulty deciding between LSE MSc Management, LBS MiM and Duke MMS where to go.

i kind of want to do research, land a later job in New York, maybe do MBA or PhD later.. only the 2 yr LSE program is good for still being close to academia, but its 2 years..the other two are solid fast tracks to target firms.

any thoughts?

Time either promotes you or exposes you

Nov 26, 2017
graduator:

so which did you take up? i am having difficulty deciding between LSE MSc Management, LBS MiM and Duke MMS where to go.

i kind of want to do research, land a later job in New York, maybe do MBA or PhD later.. only the 2 yr LSE program is good for still being close to academia, but its 2 years..the other two are solid fast tracks to target firms.

any thoughts?

Congrats! Some great schools there. If you dont mind me asking, what was your GRE score? I'm aiming for Duke's MMS and would really appreciate the info for the type of people being accepted.

Nov 26, 2017

Hey all,

I'm wrapping up my application for the Duke program as we speak. Can you guys give me an idea of what your GMAT scores, undergrad GPA, EC stuff was like?

Thanks

Nov 26, 2017

I'm also interested in this, I heard about this program recently from a friend.

Nov 26, 2017

What did your friend say? Is it encouraged?

Audere est Facere

Nov 26, 2017

You'll get the Duke name on your resume and access to OCR... You decide if it's worth it.

Nov 26, 2017

pretty sure there are multiple posts on this and they arent outdated if theyre a year old. and plz dont delete your old post and then repost to bump it.. and you should post this in b school barrage not here

Nov 26, 2017

I've moved it. I just put a nice post on the subject on my site. The program is great and really taking shape.

Nov 26, 2017

Look at the old posts, plenty of helpful people in the program right now. I know you hit me up for some info but I didnt go to the program. I was accepted but chose not to attend.

From what I hear, its a great program. Your GMAT score should be good enough.

Ant - you didnt check out the UBS Sauder MIM program my friend is attending. He loves it down there. Apparently really good school.

Nov 26, 2017

You get the opportunity to put the Duke name on your resume and access to OCR. For some people, that's worth it. It sounds like you need a rebrand so it would probably be worth it for you.

FWIW, my dad (managing director of a family office and Duke alum) hired a Duke UG/Duke MMS grad last year and he has performed well so far.

Nov 26, 2017

Opps, sorry. I have it open right now. Ill post on it later today. Thanks for the reminder.

Nov 26, 2017

what nationality are you>?

Nov 26, 2017

You had a 3.81 from a top 5 school and you had to take a dead-end IT support job? If you devote some time each week on top of your job to networking you probably would be able to find something. Just a thought.

Nov 26, 2017

Top 5 target and a 3.8GPA? No offence but if the best you can do is obtain a dead end IT job, then more education right now is probably not the best idea. What the hell happened?

I would network, work hard and aim for an MBA in a few years.

Nov 26, 2017

i do not feel sorry for people like this. i have friends like this and i think our generation is filled with them.

Nov 26, 2017

Tell your Indian parents that a masters is not going to make you smarter or more respected. Not being a dick, trying to save you money.

Nov 26, 2017
ANT:

Tell your Indian parents that a masters is not going to make you smarter or more respected. Not being a dick, trying to save you money.

I agree. Also, I want to leave on a more constructive note than my last post above: It is still not too late to find something awesome. Top 5, 3.8, WTF. Take the shit job for now to make money but GTFO of there ASAP by networking. If you are so opposed to networking, do the same thing that the rest of our highly intelligent but socially dimwitted, directionless youth do: Go to law school

*the law school advice only applies if you get into a top law school. Otherwise, I was joking

Nov 30, 2018

most useless program in today's current job market

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