Is anyone here considering going to grad school due to the reduction in FT 2021 analyst roles?
I am going to grad school to have another chance at recruiting for next year as well as receive more technical knowledge. I am going for my Master's of Finance. I am graduating this semester with a BS in economics.
This year seems to be a dud. Is anyone else doing this to fill in time until the next cycle as well as have the opportunity to apply for summer associate roles?
Does anyone have any feedback on where those of us entering our first FT job with a Master's will land as far as job title is concerned?
Job title? If you're talking about IB, would you actually want to enter a bank as an associate if you've never been exposed to IB before? You would know nothing, and expectations for associate are higher than those for analyst, so why wouldn't you want to enter at the entry-level analyst role, pay your dues and learn the basics?
I understand what you are saying and ideally I would prefer to work however, I have not heard anything back from recruiters and I don't want to sit around doing nothing. I would rather get my masters while I continue to look for work. I want to go into fundraising, investor relations or strategy. I also want to go to grad school because economics is so theoretical and I want more technical training in finance.
Yeah, I guess I was unclear or I misunderstood -- I certainly wasn't saying don't take another job that's not IB... I was merely saying that, upon completion of your one year graduate program, it's my opinion that -- if going into IB -- you shouldn't gun for associate instead of analyst because it would probably be best for your development if you started as an analyst and learned the fundamentals of modeling/banking as a foundation.
OP is saying he can't enter as an analyst because of the shitty recruiting season so he is considering doing a Master's and re-apply as an associate and asking for further advice. not asking if he should enter as an analyst or stay and enter as an associate
Im pretty sure if its just a Masters in finance you would come in as an analyst. I know a guy that did that. Would need an MBA to start as an associate.
If you do a Master's in Finance (1 year program), you recruit for analyst roles.
That's what I did so I could go through a full recruiting cycle and it is definitely something to consider if you can't land anything full-time.
I'm in the same boat. Hopefully, I can get an internship during the program. If not, I'll have a master's to help.
You should consider that some people will see the MsF on your resume as a negative...can seem like you couldn't get a job the first time around and paid some exorbitant tuition fee for a second chance at IB. To be clear I don't agree with this as I know the process is so tough especially with COVID but I have had some conversations with MDs at my bank where they expressed that view.
Following
If youre doing MSF program you'll stil be recruiting for 1st year analyst roles
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