Imperial MSc Finance and Accounting. Advice Please.

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Comments (17)

Mar 9, 2018

Hey there,

So coming from a UK target I can tell you that for IB the MSc F&A is very good and Imperial itself is pretty much a target school for all the BBs in London. You can't go wrong with your choice and I wouldn't advise loosing a year to reapply to LSE/LBS or Oxbridge (unless for that year you can gain some excellent work experience like 1 year FT somewhere).

I would say that perhaps F&A is a small step down from pure finance simply because they also include some accounting principles which pure finance doesn't cover but the F&A has solid modules such as 'Portfolio Management' as a core module and 'M&As' or 'PE and VC' as electives; all great modules that will help you get into BBs or EBs.

In summary, stick to this course and you won't regret it

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Mar 9, 2018

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Mar 9, 2018

You're going to find it exceptionally hard to get a ft place without relevant experience. I would (i currently am also) go for summer internships and off-cycles which are possible to do all year round before going for ft.

Mar 9, 2018

If you don't have any relevant experience I think this program will be a waste for you, or any pre-experience finance masters for that matter. The most important use of these degrees is to get you another shot at recruiting before you graduate, whether that be for full-time for internship. If you don't have any relevant experience, dropping PS32k for a masters doesn't make sense.

Breaking in is very hard, and if you don't have any experience after 3(4?) years as an undergraduate means that breaking in from a masters position is even harder.

Mar 9, 2018

As mentioned below, it'll be very hard to find FT roles without some prior experience. Some summer positions at smaller firms or boutiques or still open, alternatively consider some off-cycle internships. Jefferies offers quite a few off-cycles, PJT Partners does too and I'm sure if you google 'London boutique banks' you'll find something. Alternatively, (although it may not be the exact same) you can look at financial consulting firms which deal only banks or financial institutions that are hiring for summer positions. One that comes to mind is Chappuis Halder.

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Mar 9, 2018

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Mar 9, 2018

I last thing i would say; if i was to do this over again i would have taken a year out before my masters to do a years worth of internships at boutiques/mm firms. The people that have had prior experience even at no name banks did really well when they went for summer internships during their masters. It may be a little late for you now but maybe if you could secure an internship for the winter between now and September you could defer your masters for a year.

Mar 9, 2018

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Mar 9, 2018

Kind of but not really - someone with direct work experience in a bank would be chosen over you. Another thing to consider is visa issues, I have had many international friends look to get jobs in London and come unstuck with sponsorship.

The problem with London is that (at least for now) you are competing with domestic students and also anyone in Europe who has the right to work in the UK due to freedom of movement. This really works against international (Asian / US) students looking to work in London.

I have even once spoken to a recruiter for one of the big four and they said that they always fill headcount from non-sponsored students and never look at the sponsorship pool. This has been echoed by recruiters at other financial institutions as well.

All in all if you're really set on IB and working in London, definitely defer a year and try to find something involving corporate finance / M&A or even capital markets in a front office function in the interim before starting the masters.

Mar 9, 2018

Relevant experience as in corporate finance/valuations/m&a consulting. You want to show the person reading your cv to think that you want to be specifically in m&a and have been working towards that goal for some time rather than 'because it sounds cool' which is what your cv says with an asset management internship.

Mar 9, 2018

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Mar 15, 2018

Hi, I applied on the 20th of february for the second round. I still have not received anything from them. I know that the deadline is on the 23rd of March but if my application was considered they would have sent me an email for the interview. However, still not received yet. Does it mean I have no chance?

Your answers ans thought are much appreciated.

Fadi

Mar 9, 2018

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Mar 15, 2018

I applied to Msc in finance as a first choice and Financial Accounting as a second choice

Mar 15, 2018

no one??

Mar 9, 2018

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Jul 3, 2018