Investment Banking

Hi , 

So I have got admits from 2 business schools for the Masters in Finance program:

1.HEC Paris ( Ranked 1st)

2.IE Business School ( Ranked 5th) , Dual MSc Finance and MSc Management 

Now, the classes for HEC Paris starts in September 2022, while IE classes start in Jan.Both of them are top b-schools (that's what I've heard) and my goal is to break into investment banking.

The problem is if I choose HEC , classes start only in September and I don't have any internships lined up to cover those many months.

I'd much appreciate on some insight on how to proceed, which one to choose..

Thanks in advance <3 

Looking forward to your response :')

Comments (7)

Nov 29, 2021 - 3:51pm

HEC + grind for internships? No brainer. Know people from both schools but HEC definitely places much better (not least because of the alumni network)

If the internship doesn't work out at least try and do something that is worth talking about during an interview.

Good luck!

Nov 29, 2021 - 4:42pm

Hey Elkos 

Thankyou for the comment, means a lot. 
 This is just a side question , can you break into IB with a Masters in Management ? I mean usually people take the MiF , then an MBA track but still 

Nov 30, 2021 - 9:07am

IE and HEC-P are definitely good schools. But when it comes down to Mfin, HEC is amazing and places well in the UK for IB roles. Classes start in Sept 2022 - so enjoy your time till then? Spend it as you like? 

  • Consider some online courses that could get you a step ahead of others. 
  • Maybe (not required at all) consider taking CFA L1 while you are it.
  • Go on a vacay/spend time with friends/family because IB will drain you out. 
  • Get a temporary job in another sector/industry - see how you like it. 
  • Do freelancing. You got into HEC-P's MFin class which is a big deal to some. So help individuals out with GMAT/GRE/Resume/Undergrad.
  • Read tons of books!

I am just throwing things out there, but these are some of the things that I would explore and go with HEC-P. 

Nov 30, 2021 - 9:17am

Hey hq,

Thanks for the comment, means a ton !!

Yes like you said I could do that, was thinking the same :')

But then IE Classes start in Jan and also most importantly I am getting 2 Master degrees instead of 1, So that's the question which outweighs here. I mean will the 2 masters from IE stands out or Masters in International Finance from HEC stands the better profile when it comes to IB.

Regards 

Aibel

Most Helpful
Nov 30, 2021 - 11:16am

Let's focus on 2 parts. 1) Jan vs Sept Start 2) 2 Degrees vs. 1. - This is based on my personal view, so take it as you will (everyone will give you different answer). 

1) January vs September start. For me this would be a non-issue unless cost is a factor for you. How? Well - the sooner you start the sooner you will finish your degree and the sooner you get to start your IB job with high pay. But you could make the same argument for HEC. You have a 9 month gap and you could pursue a part-time/full-time job in another industry/function that will pay you, which you could use for paying off your living expenses or even the tuition (some of it and I don't know your financial position). Or you could use the gap to one of the things I listed in my original post and give some time for yourself before the grueling student and later IB life. So this part comes down to your personal preference on how much importance you put on Jan vs Sept start. 

2) Dual vs single degree - I also think this is a non-issue. At the end of the day - you will be able to land a job in IB as long as you network and put the required effort in. Both schools are great will lead you to the outcome you desire. Now this is MFin vs MFin. If we had to compare MFin and MiM vs MFin - I am going to say that you are going to land the same job regardless if you do a dual degree. We are talking about both top schools here in EU - so the employers you will have access to with MFin at IE, will mostly be the same for MiM and so the dual degree is better off with learning more things and building network but nothing else. Example: Let's say I was accepted to Stanford MBA and Harvard MBA + MPP (Kennedy School) and I want to pursue consulting. At the end of the day - both schools are great and I will be able to land an interview in consulting for any firm I want. The MPP won't really distinguish me as much - unless I want to pursue a very specific job that is related to MPP. In this case you want to pursue IB -> so Mfin from either school can get you the result, the additional MiM won't be much help. So if it saves you time and money I would only consider Mfin from IE vs MFin from HEC. 

Other factors to consider: Prestige and location to work. HEC-P over IE anyday. France or Spain? Thats your choice. If you want to work in the UK - both can get you there, HEC-P will make it easier for you to land a job in UK. 

Nov 30, 2021 - 11:49am

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