Mfin/MSc in fin/ financial engineering at LBS/LSE etc
Hi,
I am looking forward to mfin/msc in fin programs at LBS/LSE/Oxford or top U.S. b-schools. Have the following profile:-
Bachelor of Engineering from University of Delhi with 67% marks
MBA from a top-ten Non-IIM Indian B-School with GPA=7.5/10. The method followed is different from that of the States or U.K.
Cleared CFA Level 2 and hope to clear 3 next year
GMAT=770/800
Working in financial sector in India for the last 1 yr
No great extra-curriculars
I want to apply to these colleges in 1.5 yrs or so. Is my profile okayish considering the B-Schools i wish to apply to and considering very low acceptance rates as well?
or is GPA likely to play a spoilsport?
Please don't ask why i wish to aply to Mfin even after doing MBA.
Even though you asked not to ask. Why do you want to do a Mfin? Do you just want to use the masters program to network/start working in the UK or US?
For top US b-schools, I don't think you have the best shot (maybe for schools that put a heavy emphasize on gmat scores). The lack of ECs will probably hurt your application and maybe even your schools pedigree. They will definitely ask why Mfin after doing an MBA, so you better have a good answer. Also, working in the financial sector in India is too broad. Could you be a little bit more specific about your role and if it is IB, AM, HF, PE, etc.? How old are you? Where have you worked before that?
I am working in Equity Research Corp. Isn't the gmat score 770/800 okay I want to switch over to Asset Management. other issues lie with real-life work experience and the need to prepare myself for bigger roles in the industry
A gmat score of 770 is great. What's your split?
An Mfin is, depending on the program, usually more quant oriented and won't be too helpful switching over to AM. It might even be easier for you to transfer to AM right now, because you are already doing ER. I personally don't think you need a Mfin to "prepare yourself for bigger roles in the industry". You got an MBA and you passed the 2nd level of the CFA. That sounds good enough to me.
Do you want to work in India or in the US/UK?
Did you cheat on your GMAT?
lol...anyways.. can someone pls suggest if I cud get a shot at any of these colls? LSE can be beyond my reach, I agree, but LBS MFin accept only experienced financial professionals.. Yes, I want to work in either the U.S. or the U.K. GMAT-Quant-51 also, I want to do a specialized course in finance which was not possible thrugh normal mba course. another thing was obviously the international and cultural diversity. wud be grateful if someone suggests best possible colleges for mfin/msc according to my profile. INR is at a record low against the euro and hence, I have to make a judicious decision even while applying
Well luckily for you, neither the UK nor the US uses the Euro as ccy.
+1 SB
I applied to LSE and LBS Mfin this year and was accepted at both. LSE caters towards younger candidates, is far more selective, and does better job wise than LBS. The latter caters to experienced professionals, but its caliber of students and placement are extremely weak.
Lol not sure where you got these facts as everything Ive heard is polar opposite.
I studied at LSE (econ) and I know many people who are/were at LBS MiF. Whereas both LSE and LBS students are both equally smart, LBS students are professionals - they have better all round skills - communication/leadership/business acumen/drive. Because of that LBS churns out by far the best business folk Ive seen including Oxbridge. Ive done some research on this and IB/AM HR departments have all indicated that LBS grads are favoured because of their all round skills and scarcity - theres loads of LSE/Oxbridge grads buzzing about. However if you're going for analyst position either do LBS MiM or LSE/Oxbridge. For associate only LBS MiF is in the running.
Full disclosure: Im planning to apply to LBS MiF next year.
@mbavsmfin: Yeah, not sure how LBS placement is weak. I am not personally familiar with their placement records, but you are the first I've ever heard to say that they have weak placement. I was under the impression that LBS places comparatively well, if not better than LSE, into IB.
Look at LBS MIF placement from 2012. It's available online; too lazy to link to it right now.
80% placement within a few months of graduating, which isn't that great. Median base is pretty low, and I personally talked to current MIF students who said that recruiting has been an utter bloodbath (this is true for LBS MBA as well though). Moreover, I talked to recent alums who said unequivocally that I should go for the MBA because it will give me more options, even within finance.
Median base is pretty low??????? Its the same as MBA students - UK GBP 70k, Average sign on GBP 15k, Ave bonus GBP 15k.
Total 1st yr comp GBP 100k = USD 150k.
I dont think salaries are the best measure of a business school but this is pretty impressive.
Just because 80% accept offers within few months doesnt mean they dont get offers - most of the ppl I know who come out the programme (MiF and MBA) change their goals after being enlightened. Just spoke to a MiF grad as part of my research the other day who got IBD offers from 9 banks (!) and turned them all down to go to LA as entrepreneur. Another one rejected Credit Suisse to go travelling. Basically, if you want to make it in European finance LBS is probably one of the best places to do it.
Now I see your Wharton pic, and thats a fantastic school, but Ive been looking into LBS and the picture I get is very different from you seem to have. Im not saying LBS is as good as Wharton, but I'd say its in the group behind it.
The difference between Wharton and LBS that you are observing takes place because you are in London as opposed to the US. If you would be in the US, the picture would shift heavily. I am not sure how this changes in continental Europe, but I know at least in Asia, Wharton has an incredible brand name.
Not sure what your point is. If you read what I wrote I give Wharton alot of respect, as I do LBS.
Even for London finance jobs, Wharton/Booth/Columbia easily win out over LBS. As I said, I applied to their MIF program this past year and talked to the head of career services in charge of buyside recruiting, admissions directors, as well as multiple students and alums. For investment management and hedge funds, there is virtually no on-campus recruiting; even banking is absolutely ugly. Of course, buyside is hard anywhere, but at the top U.S. programs you do at least get structured recruiting from firms, and sellside is fairly easy to get.
Not sure how much I believe that for London jobs. LBS is very strong in London for recruiting. Also careers at LBS always seem to underplay the strength of recruitment - they seem to want to attract only ppl very focussed in their career goals so down play opportunities. Based on percentages LBS does very well in both IM and IB for MBA and MiF. As mentioned I can reel more LBS students who are right now doing internships with T Rowe Price, Wellington, JPMAM. Yes the market isnt like what it was in pre-2007 when any industry person could get a trading role after a degree from LBS but its still ahead of the pack for London. I remember when I went for an assessment day at Fidelity and the associates we met were mostly LBS and a couple Wharton.
The big PE and HF though yes - rare on campus recruitment and probably better at W/CBS/Booth. Anyway, lets agree to disagree overall - you got a great gig at Wharton anyway.
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