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.

 

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.

 
Best Response

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.

 

At officia ut natus quo blanditiis asperiores. Pariatur ut eligendi ut quis. Illo eaque cumque minus tempore nihil quia hic. Impedit dolor modi temporibus.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
kanon's picture
kanon
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”