Extend Graduation or go to a MSF program

Hi everyone, I am just wanting some opinions and advice.

I will be starting my Senior year in the fall. I am an accounting undergrad at a semi-target school. I am interested in IB on the West Coast. My first target would be SF, but I am also open to LA.

I have done 3 internships with local, no-name boutiques (2 were VC and the other was HF).

I am planning on recruiting for an internship this summer, since it would be very difficult to land a FT offer with my internships so far.

I would like your opinion on whether you think it would be better to recruit for an internship by graduating and then doing an 1 yr MSF program or just extend undergrad graduation with a minor.

Would it be possible to get an internship offer if I am graduating? Should I convey that I am planning on doing an MSF program through the recruiting process? What MSF programs would be the best to consider for West Coast placement? Or why would it be better to just extend graduation?

I hope this makes sense. i look forward to your help!

 
Lou:

Could you explain why it would be difficult to land FT IB gigs with your internship experiences? I know people who received IB gigs with non-finance internships. You are already a few steps ahead of the game.

A ton of kids have these "no name boutique xyz" firms one their resumes where they did and learned absolutely nothing. It's often a family connection and I've interviewed multiple kids who have 2-3 internships like this on their resume and they can't even remotely speak to the type of work they did.

He's probably bombing bigger interviews because of the same problem.

 

if you want IB, MSF type of things, at a semi-target, and you see your weakness in Finance area, I cant rationalize why you don't have a Finance/Econ major for Undergrad. With non-target, i can rationalize that---even a major in Finance won't gain much improved recruiting, and thus people go for MSF. Minor is cool on transcripts but probably less useful in job searches.

Unless you want another school's career network, MSF is expensive and intensive for another year. Your BBA/Accounting courses might very well overlap to get you another field/major in Finance, in potentially one more semester.

In addition, UG tuition is cheaper by all means (Federal Aids, per-credit charges, unless you can get a Full Tuition on MSF or part-time MSF), and semi-target (say WashU, Vandy types) would have stronger recruiters for undergrads than MSF Students. The best MSFs are at best in MIT, WashU, Vandy, and I wouldn't be surprised if they're second-tier to the undergrads at their schools.

Your decision function has a few factors: Cost, Time to finish your Finance-related specialization (UG/MSF), UG reputation, potential MSF reputation, and place you'd like to work for full-time..........

 

I'm not sure why you are considering a MSF. You do a MSF for: -better brand school/OCR (this OCR will likely be worse than whatever you have access to now) -more time to gain internship experience (you have a shit ton of experience) -learning experience (lame)

None of the above reasons apply to you from what I take. You have 6 internships, a relevant major, and access to OCR. So you either have shit grades, are a horrible interviewee, or last minute decided you wanted to IB (this is doubtful based on your internships). Nevertheless I think your best option is to improve whatever your weak point is and either shoot for FT or delay graduation. I just don't see the benefit of doing a MSF given your background.

 

Thanks for your responses. To clarify, I have only had 3 internships not 6. They have been with two small VCs and a small HF. I'm sorry, that was not very clear in the original post.

@Lou, I was not sure if a BB would hire FT without a banking internship and that is why I was considering doing an internship rather than try for FT.

@ChimpOnMyShoulder, My GPA is not bad 3.6/4.0 and I was able to get three super-days this year but did not land an offer, so maybe interviewing is a problem.

Thanks for all the advice. Do you all think it would be better to just try for FT?

 

You can do it. Start networking before recruiting season kicks off. U should have a ton of contacts coming from a semitarget, so know your story in and out. People are more interested in your story more than anything

 

If you don't mind me throwing out an unconventional piece of advice, the two options are NOT mutually exclusive. You can go ahead and throw out some MSF applications, then attack recruiting aggressively. That way you have the MSF as a fallback option in case you can't get a full time gig.

 
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