Master's Programs (MFin, etc.)
Hey guys,
I missed the boat for summer recruiting for BB IBD SA positions; my interest developed very late in my undergrad. I've heard and searched through numerous threads that one could do a master's in finance at a reputable university and then continue to apply. I am confused though: would I apply then for the summer analyst position as a senior if it's 1 year or after my 1st year of master's if it's 2 years. A lot of the BB's such as JP Morgan and Morgan Stanley have opportunities for undergrads (analyst) and MBA's (associates) but don't mention anything about other master's programs.
I'm also very curious about getting some input regarding this topic seeing that I'm in a similar boat. Please & thank you.
You normally apply for FT 1st year analyst positions.
But isn't that hard to get UNLESS you were already a summer analyst who got a full time offer. If so, why would people bother doing a master's for such a risk. Is it not true that you cannot apply for a Summer Analyst position during senior year or master's?
Not everyone wants banking. You can get a ft offer without a SA. Plenty of reasons to do a masters. And while it is a risk if you want banking and don't have a FT offer upon UG graduation it is a risk many choose to take.
Ok I get your point, but is it possible to do a SA position even with a master's? If it's 1 year, it would be after senior year of undergrad, 2 years would be after 1st year.
I suppose you can try and apply for a SA position upon graduating, but why would you? You'd finish your summer and have basically 9 months off before the FT offer would be extended. BB banks have pretty regimented recruiting. I would simply focus on landing a FT position instead of worrying about summer analyst spots.
Either way you will be coming in as a 1st year analyst. The masters gives you another shot at recruiting, it doesn't make you a 2nd year analyst. Maybe at a small boutique, but not at a BB or MM firm.
I mean so you do your SA summer after senior year of undergrad then do the master's then after completing master's start FT. Like I said, I get your point I just wanted to know if it works for summer analyst positions as well (and can leverage into FT) b/c those are obviously easier to get than FT. Trying both never hurts of course.
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