Duke MMS

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.

 
Best Response

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

 

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.

 

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.

 

Update: After many years I have found Christianity. It has changed me as a person.

I believe the Duke MMS is a fine program that places well. It helps students without business undergrads place into good entry level positions. I bashed the program because I was jealous of Duke.

I went to Washington University in St Louis which ranks #36 in US business schools while Duke Ranks Top 15. I was rejected from Duke and other top schools so I was angry that I didn't get in.

Please Disregard my Outdated Jealous Posts Below:

“Elections are a futures market for stolen property”
 

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.

“Elections are a futures market for stolen property”
 

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?)

 

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
 

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.

 

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.

 

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 : toyamanaroraATgmailDotcom so we could continue the conversation there.

Thanks!

 

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
 

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?

 

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?

 

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.

 

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).

 

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 ?

 

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?

 

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
 
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.

 

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.

 

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.

MM IB -> Corporate Development -> Strategic Finance
 

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