LSE MsC Finance really worth it?

Im currently holding an offer of admission to the MsC Finance at LSE. However, I have some concerns regarding the current job and immigrant situation at the UK that worries me (because returning to work back in my country is, sadly, NOT an option).

I am an Engineer from South America, with already have two years of experience in a non-finance field, and also have been trading my own personal account. As you can guess, my interest is to secure a trading position in London.

LSE has a great international brand name and, as far as I know, is one of the universities where students end up in good positions at big banks and financial institutions. However, I am quite concerned about the future economical situation of UK, and the possibilities that a foreigner (I am not even from a country of the European Union!) might have in the UK, after paying 40K USD tuition plus roughly 30K of living expenses. Do you have any information regarding the employment possibilities of past MsC Finance cohorts?

Thanks a lot!

 

possibilities are good, visa is the only unknown, its not easy to get them right now from firms but u better start reading about the exact law atm, no1 on here will be able to give you an exact answer on that

 
leveredarb:
possibilities are good, visa is the only unknown, its not easy to get them right now from firms but u better start reading about the exact law atm, no1 on here will be able to give you an exact answer on that
  • contact LSE careers service and banks directly and ask about visa situation
 

I think your concerns are valid, especially given the current job market. I don't think anyone on here is going to be able to give you the answers you are looking for. My advice would be to contact LSE directly, ask for employment statistics specifically for foreign (non-EU) students, and their placement in Europe. I'd also ask for the names and contact info for previous students from south america and talk to them about what their experience was like.

 

Also bear in mind the recent visa changes. It has become much more strict now that the automatic post study visa allowance has been cancelled. Historic placement statistics won't reflect this change

 

Thing is if I am LSE Admissions Team, I would try to sugar coat the visa issue as much as possible. That's why I am abit skeptical about the advice given here to ask you to contact the Admissions Team.

If you want to talk about the economy, I think US and Asia are doing better than Europe at the moment.

 

Thanks to all for your advises! From what I have read, in summary, I should:

  • Contact LSE's Careers Services to ask them about what they know of this issue, including cases of current international students who are not yet sponsored by any company
  • Try to obtain, directly, information from the UK's embassy
  • Contact current non-European LSE's students
  • Expand my employment expectations from only-London to other European countries

Any other ideas , recommendations, comments? All will be very welcomed! Cheers!

 
Best Response

May I ask what alternatives you have?

So you're from South America but you can unfortunately not return. For me that raises the question where you are currently located and what you would do if you didn't go to LSE? The point being, maybe you would be better off/more secure if you stayed in your current country of residence and tried to pursue a part-time program. Obviously that hugely depends on your current location but since immigration laws are always a huge uncertain barrier, I think it would be great if we had a little bit more info. If you're only alternative is to go to (or stay in) another country were the industry is smaller and immigration laws even more strict, then there's no sense debating pros and cons...

 

Well a pretty late reply, but hope it helps future searchers!

Well LSE needs no introduction, it has an amazing reputation and its MiM program is also gaining a lot of ground. Though one thing to keep in mind is that it puts a lot of emphasis on academics and most of your courses would be grounded in theory, the program director went ahead to call the degree "unshamedly academic", so that should give you an idea about the programs. As for the career services, well it is doing pretty good with a Median Salary of 38,100PS

also several big shot finance companies recruit from the school, such as Citi, Credit Suisse, Barclays, JP Morgan , UBS, Goldman Sachs, Morgan Stanley So it can give you a good break into IB.

Its CEMS program is also really great and worth checking out. Alternatively if you dont want to wait for 2 years and are looking for a faster and cheaper degree, the MiM of LBS can be a great choice.

As for the BIG question of job prospects for a non-EU student, well it is a gamble. UK economy is pretty stable and is growing, but its immigration laws are getting pretty tight especially for non-EU students. You really will have to hustle a lot and build a good network, so as to get sponsored by a company for a work Visa. But then the LSE brand name is pretty recognized and should open doors in other countries too.

Hope the answer helped! You can check out the link below, for a more complete school evaluation of LSE and LBS

Abhyank Srinet Founder at www.MiM-Essay.com
 

I'd heard that the MSc degrees from LSE were also a common track if you missed/didn't get BB recruiting as an UG. Is that true?

"When I was young I thought that money was the most important thing in life; now that I am old I know that it is." - Oscar Wilde "Seriously, psychology is for those with two x chromosomes." - RagnarDanneskjold
 

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