In a bind: LSE vs. Vandy

Mr.Machina's picture
Rank: Baboon | banana points 104

Thanks for the comments.

Financial Modeling Course

  • Get An Edge For Your Interviews & Finance Career
  • The Best (and Most Affordable) Financial Modeling Self-study Courses.
  • WSO Members receive a 15% discount

Comments (29)

Jun 29, 2010

Both of these have been covered a lot on this board. Just do a quick search you'll probably find something helpful.

Jun 29, 2010

Tough decision. Obviously LSE is the better program but I've always heard if you want to work in the US go to school here. It might be difficult to go to school in Europe and work there for a year while networking on your own for jobs in the US.

On a side note, did you consider WUSTL MSF since you went there for undergrad? I thought they had good placement in prop shops in Chicago.

Jun 29, 2010

-

Jun 29, 2010

That makes sense. I just wanted to see your reasoning behind the choice. Having access to multiple alumni networks is great. Good luck.

Free Consultation

We know you have questions as you prepare to apply to your target business schools. What are your chances of being admitted? How can you differentiate yourself from so many other applicants? What is the best way to showcase your accomplishments or mitigate your weaknesses? Start getting answers to all your questions by taking advantage of a free 30-minute consultation with an expert from MBA Vantage Point team. Learn more.

Oct 24, 2010

If you're a US citizen go for Vanderbilt because it has national recognition and is a top msf in the country. LSE if you're not a US citizen since it is more known internationally so it gives you the opportunity to almost work anywhere you want.

Oct 24, 2010

Congrats on getting into both! I was just accepted to Vanderbilt MSF as well. The career resources are supposed to be terrific and I have already, within 12 hours of accepting the offer, received an email from the career management center with resources to use.

I think both are terrific schools. Going to LSE may help you get into a BB role after graduation but that role will likely be located in London. If you are fine working in London for a few years LSE may be your best option. Vanderbilt definitely has a great program though and if you accept I look forward to meeting you. Like NameOfProfit mentioned above Vanderbilt is one of the top MSF programs in the country and definitely a good choice if you are trying to break into investment banking. (42% last year pursued investment banking I believe)

Oct 24, 2010

Didn't get into MIT?

    • 1
Best Response
Oct 24, 2010

Vandy because you're an American. London is great, but it's going to be hard to land a gig unless you're a EU citizen.

Oct 24, 2010

Hi TNA. Thanks for all of your advice so far in the process.

Do you have any information on how Vanderbilt places into consulting? I want to keep that an open option as well if it doesn't hinder my other options too much. And how feasible do you think it would be (if I decided to go to LSE) to get an internship here in the States the summer before and then pursue full time recruiting in London. Do you have any stories of anyone who has done something similar?

Also, any info on how internships there work? Would I be eligible or would that be something to talk to LSE about? I would really like the international experience, but don't want to shoot myself in the foot in the process.

Oct 24, 2010

Just be aware that recruiting in London is very structured and long, very hard to network. You'll have the LSE name but you'll have to go through the same several recruitment rounds that others do. My advice is stay in the US and go to Vanderbilt, unless you're a brit or an Asian and used to this type of thing.

    • 2
Oct 24, 2010

Interlude, thanks for the advice. You mentioned in another thread that going to Vanderbilt would devalue my brand (it was in the MSF 2017 thread). I'm hyped for Vandy but kind of scared at what you mentioned. Since LSE is a top name, would that devalue my brand at all? Or do you think I should just hold off for an MBA instead of considering these choices?

Oct 24, 2010

I said it would be devaluing for you in that thread because you said you went to HYP. I would use that HYP network than get a master degree and wait until it's right time to for MBA.

Oct 24, 2010

Honestly, I would use your undergrad network, and apply next year for MSF if I still couldn't get the desired job, but I'm sure you wouldn't need to resort to that. Usually, people go to MSF because they are interested only in finance, or they come from lesser known schools, or didn't have the exposure.

Oct 24, 2010
undefined:

Honestly, I would use your undergrad network, and apply next year for MSF if I still couldn't get the desired job, but I'm sure you wouldn't need to resort to that. Usually, people go to MSF because they are interested only in finance, or they come from lesser known schools, or didn't have the exposure.

I would disagree with that statement. People like to throw out "just network" statements like it'll magically get you anywhere. He has no finance experience and given an engineering background may not know the core concepts of finance. Networking will probably get him interviews but without any knowledge in finance how can he succeed once he gets there?

@eng2finance I would take advice from this forum with a grain of salt as it's the internet and there are a lot of college kids on here giving sometimes outright incorrect information/advice.

Oct 24, 2010

You don't need to throw away 50-60k just because you don't know about finance. Thousands of people with no finance background pass the CFA. Plus you have websites like BIWS where you can master financial modeling. Networking is very easy, much easier than the London recruiting system. And this guy went to HYP after all. I can't believe he needs an MSF. If he really wanted to break into finance, he'd just do it with his undergrad

Oct 24, 2010

Info on Vanderbilt placements can be found here: http://issuu.com/vanderbiltowen/docs/msf_2014_empl...
They do place some students into consulting firms, I am sure LSE does as well.

Oct 24, 2010

I would suggest Vandy .

Oct 24, 2010

One option would be accepting Vandy (it starts in September, right?) and then using the HYP network to try and land a job right now. If you land it then you don't have to waste time on an MSF, and if you fail you have a very good back up plan to fall on.

It wouldn't even be morally wrong cause if you back out they would then be able to fill your spot in the 3rd round (I know nothing about MSF admissions but assume they're similar to the MBA ones).

Oct 24, 2010

I 100% agree with Interlude12. The MSF is unnecessary given this guys background. Self-study is likely the best and least costly option. If you went to HYP and cannot get a entry level finance job I am not sure a MSF would help much anyways. It ultimately comes down to how well this guy can network and self-study.

After reading through your posts, it seems like waiting a few years and going to a MBA program sounds like a better option.

Oct 24, 2010

How many have gotten investment banking jobs at reputable companies with good exit opportunities without going through formal recruiting?

I agree that it's ridiculously easy to get a finance job if you go through formal recruiting from HYP, but once that window closes it becomes significantly harder to get break in. You're given the benefit of the doubt if you're going through formal recruiting, but to break in without experience once you're out of that formal recruiting network (again to go to a good bank with good exit opportunities) is more difficult.

That MBA plan seems like a good idea: how often do people with technology consulting backgrounds break into good banks without prior experience? I'm ok with waiting 2+ years, but if I go to b-school and lose out on recruiting because of too many years without experience that would be a tough pill to swallow.

Oct 24, 2010

I would say it shouldn't be too difficult, given your background, if you go to a M7 or maybe even top 15 business school. It also depends on what consulting company you work for and how quickly you are promoted. Would be interesting to hear other people's perspectives seeing as I don't have much of a background on the matter.

Free Consultation

We know you have questions as you prepare to apply to your target business schools. What are your chances of being admitted? How can you differentiate yourself from so many other applicants? What is the best way to showcase your accomplishments or mitigate your weaknesses? Start getting answers to all your questions by taking advantage of a free 30-minute consultation with an expert from MBA Vantage Point team. Learn more.

Jun 30, 2010

That's a difficult decision in your case. I think it depends on whether you want to work in Europe or US. LSE Acc&Fin is the better program due to it's employability brand. However in your case, you've got a decent profile with some previous wrk ex in BB albeit BO, so I'm sure you'll get a good shot at IBD from Vandy as well.

Jun 30, 2010

LSE. You are taking a year off and not earning anything. Placement should be your #1 priority. Having said that, LSE will provide you a much better shot at the kind of opportunities you are looking for. You should go there and get a job at a global bank. Once you have the job, try for an internal transfer after 1 year.

Jun 29, 2010

Some concerns about LSE A&F:

1) Will the "accounting" portion of this degree hinder me from obtaining certain types of jobs, such as trading? If I do end up choosing this program, I am planning on taking all finance courses and just one accounting course - corporate financial reporting.

2) With the current decline in Europe, is the LSE brand / studying in London truly worth the added cost in regards to future career prospects? Does anyone know how placement is for the current class?

Any additional input is welcome...

Jun 29, 2010

....anyone?

Jul 12, 2010

vanderbilt? is that a state school? not really a target

LSE hands down nice job of the admit

Oct 24, 2010
Jun 29, 2010