LSE Msc Accounting and Finance for IBD/PE
Hi,
Just got accepted to the LSE Master in Accounting and Finance 2016/17.
There generally seems to be some bias against the Msc in A&F over the other finance related masters at LSE. I got my gmat score pretty late and applied at the end of February, so did not put too much thought into it. My guess was since I would be working within IBD the accounting knowledge would be pretty valuable and also the electives that I can chose from are mostly the same as with the other finance programmes, so I could gear my degree in A&F towards more quantitative subjects.
I will be doing an internship in London at a BB within IBD this summer and my long term careers goal is to work within IBD and PE/Hedge Fund.Do you think to LSE Msc A&F would be help me achieve this? I come from continental Europe and also have an offer for the Master in Finance and Investments at the Rotterdam School of Management, whose curriculum I actually prefer slightly over the LSE programme.
Thanks, really appreciate you’re input.
Best regards,
Go for LSE A&F. As long as you do your homework, you will have no problem to get ibd interviews The rest is up to you.
You already have a summer BB IBD internship lined up, so it doesn't matter if your MSc is Acc&Fin vs. Finance. You'll get interviews anywhere for FT recruiting, and if you get a return offer you're set anyway.
Also, go for the LSE simply because of networking/location advantage. RSM is leagues behind the LSE in this aspect for the IBD/PE world.
Although, if tuition is an issue, and RSM is significantly cheaper, that would be the only reason to choose RSM over the LSE.
Be sure to kill it at your summer internship, get that return offer, and you'll just be partying your whole MSc year - what you'll learn in the programme isn't that applicable to real world IBD anyway.
Did the LSE A&F with prior IB experience. Got an interview at every single bank I applied for (M&A) so that wasn't an issue. For PE, the Finance & PE masters definitely has an advantage as some PE firms exclusively contact them first, but some good stuff will still come your way. Friends of mine ended up everywhere between M&A, PE, HF, so as long as you have solid experience and are not a retard in terms of grades, you can land any role.
How about those with minimal work experience/no experience? How did they fair in recruiting?
Interesting to hear that some PEs are contacting the F&PE guys first. If you do not mind, what Sposnors are you talking about?
Some did well for themselves, others really struggled. The MSc alone is definitely not a shoe-in into the big firms (but some of course managed to get great jobs without relevant experience).
U Netherlands?
Thanks for all the responses!
Since I already got an IBD internship at a lower tier BB coming up I am basically hoping that the MSc A&F would help me leverage into a higher tier bank our somehow use the LSE brand / network to my advantage when trying to moving to the buy side later on. I'm actually quiet interested in working at an Event driven / Distressed debt fund, so I guess maybe a more quantitative programme would be viewed more favorably?
No I'm not from the Netherlands.
A&F will be fine for DD funds.
Seems that no relevant PE prefers the Finance & Private Equity students... A&F is fine, if you have a decent profile, otherwise you might be very disappointed.
I-Banking Courses for MSc Accounting & Finance (LSE) (Originally Posted: 04/10/2011)
What courses should I register for if I want a back-office job at an Investment bank? Please help me choose from the following. Please keep in mind that I can only choose a limited number of courses as explained in the guidelines. Thanks in advance. Also, it would be great if you could point out what courses should one take for a front-office job at an I-bank. Thanks again.
Compulsory courses
-corporate finance and Asset Markets or Asset Markets A* and corporate finance A* (or another course with permission) -Financial Reporting in Capital Markets or Management Accounting, Strategy and Organisational Control
Options
(* half unit)
Choose a total of two full units from the following:
-Accounting in the Global Economy* -Accountability, Organisations and Risk Management* -Accounting, Strategy and Control* -Applied corporate finance* -corporate finance Theory* -Corporate and Financial Crime -Financial Reporting in Capital Markets † -Derivatives* -Financial Risk Analysis* -Fixed Income Markets* -Forecasting Financial Time Series* -Global Financial System* -Leadership in Organisations: Theory and Practice* -Management Accounting, Strategy and Organisational Control † -portfolio management* -Quantitative Methods for Finance and Risk Analysis* -Real Estate Finance*
-Valuation and Security Analysis* -Law of International Economic and Financial Sanctions*
Wrong way to think guys. Courses don't matter, and BO is not a career to aspire to coming from where you're coming.
Pray elaborate.
Let me rephrase my question - I would like to know what courses(in the list) are more in line with hardcore corporate finance.
corporate finance Theory and Applied corporate finance.
Back office shit is technology and data checking on trades, etc....not what you'd be getting into with your degree.
So what would I be getting into with my degree?
Besides corporate finance and Asset Markets I would say: - Financial Reporting in Capital Markets - Valuation and Security Analysis - Applied corporate finance
This will already give you a solid grounding in corporate finance.
Thank you.
What courses(from the list) would help me the most if I were to get into an investment bank?
What do you want to do at an IB? Sales and Trading or corporate finance? I am a bit suprised a future LSE Msc. Finance student still hasn't got all this kind of stuff figured out already.
If it were for corporate finance just take the ones I outlined above.
Well, I have a good 5 months before I register for the courses. So, being a future LSE student I am trying to figure out "all this kind of stuff" about IB and the like. I hope that answers your condescending question.
I obviously haven't worked for an IB before. I have no exposure to either corporate finance or Sales & Trading. I am given to understand that Front office(sales & trading) is more fancy and lucrative as opposed to back office (corporate finance). I might be wrong about this.
Your earlier posts have been helpful. I understand what courses I need to take to have a good grasp of corporate finance. Now, would you be so kind and tell me what courses from the list will help me with the 'Sales and Trading' bit?
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