MS Finance vs. MBA Finance

I would like to get the forums group wisdom on this. Taking out brand name of the school, networking, leadership, soft skills, etc. Please inform me (us) on the difference in actual education in an MBA focused on Finance and a one-year MS Finance program. Ready, set, GO

Comments (111)

Mar 29, 2017

MBA students come from a variety of backgrounds. Therefore the finance taught in MBA finance classes tend to start more broad and provide a less in depth education. MSF students tend to be finance majors which allows for a higher level conversation. Also, you are talking about 11 or more classes in finance, more than what is needed for a concentration.

Now this is not absolute as some programs have MSF students sit in with MBA students so that material will be at an MBA level for these joint classes. But the number of classes still say the say.

MBA = generalist
MSF = specialist

Masters in Finance HQ - The #1 site for everything related to the MSF degree!
MSFHQ

    • 1
    • 2
Free Consultation

We know you have questions as you prepare to apply to your target business schools. What are your chances of being admitted? How can you differentiate yourself from so many other applicants? What is the best way to showcase your accomplishments or mitigate your weaknesses? Start getting answers to all your questions by taking advantage of a free 30-minute consultation with an expert from mbaMission’s Senior Consultant team. Learn more.

Mar 29, 2017

Would an MBA in Finance with the CFA make up for the lack of rigor? Or is the CFA too specialized to replicate an MSF?

Mar 29, 2017

IMO, CFA is more in depth than an MSF.

Listen, you really don't need a graduate degree in finance to work in finance. An MBA is about brand and pedigree and that is what you need in finance. If you want to work in IB, a CFA is largely a waste. IMO, it is a waste outside of Asset Management or maybe something fixed income.

Masters in Finance HQ - The #1 site for everything related to the MSF degree!
MSFHQ

    • 1
    • 1
Mar 30, 2017
TNA:

IMO, CFA is more in depth than an MSF.

Listen, you really don't need a graduate degree in finance to work in finance. An MBA is about brand and pedigree and that is what you need in finance. If you want to work in IB, a CFA is largely a waste. IMO, it is a waste outside of Asset Management or maybe something fixed income.

whether you have or haven't done MBA, I don't care. You do sound stupid.
MBA is not all about brand and pedigree. It's about the opportunity to network. Otherwise please feel free to do PhD.

CFA is not a waste, because CFA can
1) prove strengths in modeling
2) do equity research, when publicly traded firms chases you for good reviews to help enter IB later (reverse in IB)
3) show that you have more knowledge than FINRA licenses
4) automatic fiduciary duty whenever applies

In summary, you had shit advice. Bye.

Mar 30, 2017

See my AMA post as both a MBA and MSF. MSF is usually CFA level 1 equivalent.

Mar 30, 2017

That's incorrect. An MSF covers portions of the entire CFA exam.

Comparing L1 to a graduate degree is laughable.

Masters in Finance HQ - The #1 site for everything related to the MSF degree!
MSFHQ

    • 1
Mar 30, 2017

@techjobsyankee check out MSF master's incoherent shit again. Guess it's game on.

I compared MSF to "usually Level 1" because MSF are ideally for people who never scratched the finance surfaces. If you are finance undergrad, you get overlaps, period.

If there is a "derivatives" course, will they stop lectures once the CFA Level 1 portion is covered? No way.So they can teach beyond CFA Level 1 if they want, but all in all it's a foot-in-the-door. And I don't give a shit about graduate degrees because it's a "masters". I see such flying shit everywhere.

Mar 30, 2017

Flying shit? What form of English are you attempting to speak.

Masters in Finance HQ - The #1 site for everything related to the MSF degree!
MSFHQ

    • 1
Mar 30, 2017
TNA:

Flying shit? What form of English are you attempting to speak.

I love it when you're reduced down to simple bully tactics, making your loser mentality easy to see. Too much stress on the job huh?

Mar 31, 2017

You didn't disagree with my statement or offer a counter point. Therefore I couldn't disagree with you.

And I'm chill brah. Thanks for asking.

Masters in Finance HQ - The #1 site for everything related to the MSF degree!
MSFHQ

Apr 1, 2017

@techjobsyankee I just can't resist tagging you on this. Totally off topic but it's such a ROFL

Apr 1, 2017

Settle down fellas.

Mar 30, 2017

Omg this shit is making me confused now. I'm at work -I'll read this later.

Mar 31, 2017

My q is this: top 15 MBA probably best ticket for good FO Finance roles. Only one or two Msfs could perhaps be considered equivalent in terms of employment prospects, except for perhaps MIT Mfin and Princeton's etc etc

but are there a few more MSFs which although below top 15 MBA are at least as good as top 25 MBA, possibly a bit better.

This would be a good way to rank options. t15 MBA isn't possible for everyone-stats or not.

Thanks guys!!

Mar 31, 2017

@tna @whattherock"

Mar 31, 2017

You have a 2x2 set of directions: MBA vs. NotMBA, and Analyst placement vs. Associate placement.

Both relate to your pre degree background, so Make up your mind on which placement are you looking for.

Mar 31, 2017

Good way to think about it. But do Masters place who have some experience in associate roles?

Mar 31, 2017

In real life, anything can happen, although not everything happen with the same chances.

    • 1
Mar 31, 2017

True

Apr 1, 2017

Why would you wan't to go to school if your already making six figures at 26? Why not just try to get even better at what you are doing right now? You could be making seven or even possibly eight figures in 10-15 years like the guy who interviewed for Goldman and got his video posted on this site.

Apr 1, 2017

I just don't see myself growing any further without a degree and I think it would help me put foot in the door at places that are currently closed for me.

Apr 1, 2017

you have a good alternative that could make you afford half-time learning. schools offer these things, and you'd find a good bachelor's a first-door option for your path forward

Apr 1, 2017

I have received readmission at my previous state school in fall for completing my bachelors, but I don't see a point in not been able to complete it as I would be studying business as opposed to electrical engineering earlier. I want to know whether MBA or a masters in finance which would be better option for me?

Apr 1, 2017

you cannot do MSF without a bachelor degree.
as I know, the same is with MBA.

Apr 1, 2017

I have received readmission at my previous state school in fall for completing my bachelors, but I don't see a point in not been able to complete it as I would be studying business as opposed to electrical engineering earlier. I want to know whether MBA or a masters in finance which would be better option for me?

Apr 1, 2017

if you wanna keep being in trading, take MSF
if you wanna smth more business-related and have 4+ y. of work exp, take MBA

Apr 1, 2017

the more quantitative programs will probably like you 100% Quant profile.

Any meaningful MBA programs M7/T10/T15 will be a stretch. T25 maybe. your GPA is not terrible or impressive. GMAT is borderline T25 average. You only have 1 year of full-time work so you need superstardom to get in.

MSF isn't a big wall street feeder, and besides, there are many specialty to choose within wall street, so who knows which one you want? (AM, S&T, IB, Risk, else?!)

M7 MBA, iBanking. Top MSF grad. AntiTNA. Truth is hard to hear! But... :
DickFuld: Yeah....most of these people give terrible advice.:
Apr 1, 2017

Hello wsorookie789,

Thanks for your feedback.

Which schools in particular would you suggest?

If my goal would be wall street, which track would you suggest I do? Which one would you suggest: AM, IB, PE, etc?

I am a total newbie on this and still studying what would be a great way to achieve my goal.

I was thinking MSF as I want to transition to Finance and MSF, I think, would be an ideal choice.

Thank you so much.

Apr 1, 2017

You need higher score to be both in top MS school and MBA school. Most top MBA school will want more work exp (you are expected to go through the program and become a manager). Top MSFin wants you to have 1 - 2 top percentile test score + a super cool hobby (skydiving or fish spearing of some sort)

MSFin is better for S&T, quant tracks / MBA is better for investment banking. For such a quant heavy profile, a quant track should be better for you. Both should pay the same out of school though MSFin will probably land you an analyst title and MBA associate

MSFin top schools are: CMU, Princeton, Berkeley, etc.

Aiming for Wharton, MIT or Harvard (assuming MBA) would be a super stretch (reason being they want more work experience and often have quants who have much better profiles apply), that said, if you experience some super hardship or has tons of bonus diversity point (disabled + rare nationality), your chance increase substantially with each diversity point

Depends on which way you want to proceed:

MBA: check out GMATClub
MFin: check out quantnet

Best

Apr 1, 2017

Hello beefphoforthewin,

Thank you for your comment.

If I get overall GMAT of 750 minimum, will it still be a stretch to get into M7? T10-15?

I am South-East Asian residing in New Zealand and have studied in SEA, NZ, and CA. Reason being
of not finishing engineering is full-time work and lack of financial resources then took a year break
before jumping into business. I have been more interested in business rather than engineering or
programming and was basically happy go lucky during the earlier years of my studies. I am on my mid
20's.

I am more interested in MFin rather than an MBA -- which school would you recommend? I have my eyes
on NYU, LSE, LBS, and UCL. Would this be reachable or is it too much to ask?

Which area of finance would you recommend to start?

Thank you again and I'm looking forward to hearing from you.

Cheers

Apr 1, 2017

The stretch for M7 or not depends on how you sell your story and your diversity point (being a South East Asian definitely doesn't help although you travel a lot which is a plus), I would hire an admission consultant to help you build the story since it has lots of ambiguous information.

Your story of not finishing programming and engineering need to be rephrased for the application. It's awesome you want to have real business experience rather than meaningless certificates but most people just see it as you get bored easily and won't follow through. Coupled with a 3.3 GPA and it just show you are not as interested in academic (a major minus for school at least), you are interested in the job that these schools can get you

Most of the schools you listed are reachable with a 750 GMAT but depends on your goals. I imagine grads from these schools have a hard time landing FT on Wall Street too, especially being international. But you should talk to them to see how the job landscape is (I would ask the average grad rather than the overachiever to get a good sense)

I would recommend trying really really hard to get a boutique bank of Asset Management shop gig. These are normally overworked and underpaid but you will get your feet wet in the industry and build a much better profile for MBA

Hope this helps

Free Consultation

We know you have questions as you prepare to apply to your target business schools. What are your chances of being admitted? How can you differentiate yourself from so many other applicants? What is the best way to showcase your accomplishments or mitigate your weaknesses? Start getting answers to all your questions by taking advantage of a free 30-minute consultation with an expert from mbaMission’s Senior Consultant team. Learn more.

Apr 1, 2017

do NOT get an MBA. you are not "ready" for it yet.

my perception is that american's don't value masters as much, so i think going to europe is a good idea.

since your canadian, i've taken the liberty of mapping your life out for you. you're welcome.

masters in finance @ LBS -> internship -> M&A london -> MBA -> PE -> master of the universe -> cocaine overdose in Buenos Aires at 70

welcome to the wonderful world of high finance

Apr 1, 2017
LLcoolJ:

do NOT get an MBA. you are not "ready" for it yet.

my perception is that american's don't value masters as much, so i think going to europe is a good idea.

since your canadian, i've taken the liberty of mapping your life out for you. you're welcome.

masters in finance @ LBS -> internship -> M&A london -> MBA -> PE -> master of the universe -> cocaine overdose in Buenos Aires at 70

welcome to the wonderful world of high finance

awful plan

LBS master in finance is for people with at least 2 years of work experience in financial services.

LSE Master in finance is for people with no experience, but good luck getting in. something like 2.5% of applicants are accepted.

Apr 1, 2017
LLcoolJ:

do NOT get an MBA. you are not "ready" for it yet.

Why am I not ready for an MBA? (im not confronting, I actually want to know why you say that because I've been told that many times.)

Also, what are everyone's thoughts on getting an MSc in Canada and then going to europe. Is that likely to happen? Im saying that because an MSc at LSE is around 14,000 pounds plus really high living expenses.. I dont know if it's going to be worth it.

Apr 1, 2017

LSE offers other programmes that can get you into finance such as their MSc in accounting and finance (good acceptance rate). I know an Italian dude in this program and he got interviewed by most of the BB so I think that you would have a good shot at a finance job following that path.

With your curriculum and McGill on your CV I am sure that you can get in.

Good luck!

Apr 1, 2017

Since all the ps above have given you enough advice,
I just want to mention, how wonderful "McGill" sounds in my mouth.
It feels like gently melted Cheddar.

Apr 1, 2017

Do your MBA in Europe.

Personally, I wouldn't recommend doing an MBA here anymore. There is a surplus in the supply of yuppie MBAs causing a consistent depreciation in starting salaries. Not to mention how many MBAs with experience that are sitting at home as we speak. There are plenty of yuppie MBA programs in Europe that open up the same job opportunities as Kellogg, Booth, Columbia, etc and you'll graduate owing 1/3 or less than what you would owe Aunt Sallie Mae. An MBA doesn't guarantee you a job on Wall Street or any job that will pay you enough to pay off the debt without living like a peasant so you should definitely do your homework on tuition costs and employment rates of MBA-Finance alums.

Apr 1, 2017
lg0718:

Do your MBA in Europe.

Personally, I wouldn't recommend doing an MBA here anymore. There is a surplus in the supply of yuppie MBAs causing a consistent depreciation in starting salaries. Not to mention how many MBAs with experience that are sitting at home as we speak. There are plenty of yuppie MBA programs in Europe that open up the same job opportunities as Kellogg, Booth, Columbia, etc and you'll graduate owing 1/3 or less than what you would owe Aunt Sallie Mae. An MBA doesn't guarantee you a job on Wall Street or any job that will pay you enough to pay off the debt without living like a peasant so you should definitely do your homework on tuition costs and employment rates of MBA-Finance alums.

An MBA from the USA at a top 10-15 school is still a great investment. If cost is an issue work for a company which provides tuition reimbursement and go to school PT. The top programs in Europe are just as competitive as many programs in the states and unless they are heavily subsidized cost the same if not more than here. Example:

INSEAD --> Tuition fees for the September 2010 and January 2011 entries amount to EU52,000.

That isn't cheap. You can go to lesser known schools in the US for an MBA and save money, but opportunities will be less.

I don't think your blanket statement holds.

Masters in Finance HQ - The #1 site for everything related to the MSF degree!
MSFHQ

Apr 1, 2017
moneyneversleeps2:

Do your MBA in Europe.

Personally, I wouldn't recommend doing an MBA here anymore. There is a surplus in the supply of yuppie MBAs causing a consistent depreciation in starting salaries. Not to mention how many MBAs with experience that are sitting at home as we speak. There are plenty of yuppie MBA programs in Europe that open up the same job opportunities as Kellogg, Booth, Columbia, etc and you'll graduate owing 1/3 or less than what you would owe Aunt Sallie Mae. An MBA doesn't guarantee you a job on Wall Street or any job that will pay you enough to pay off the debt without living like a peasant so you should definitely do your homework on tuition costs and employment rates of MBA-Finance alums.

I agree with the statement above:

1.) I can confidently say 75% of somewhat decent schools in the US have an MBA program, regardless if they have a large business school or not. The people getting these non-50 MBAs are the type of people who write, "I want to be a CEO of a major company and be rich one day" in their personal statement.

2.) As for the programs in Europe, I've done some research and a lot of smaller schools I've never heard of have surprisingly great placement. I feel you get more knowledge from studying abroad than the actual MBA.

That said, for a recent undergrad, a Msc. in Finance will help you advance your career more than an MBA from a random school.

Apr 1, 2017

Did you consider working in commodities espeically in soft commdity markets?
Companies like cargil, bunge, louis dreyfus, adm hire tons of ag econ kids...
Work as a "marketer" for a number of years and than go get your mba...

Apr 1, 2017

Some of the b-schools are overrated I would look at the MBA and MSc courses at Nottingahm Business School. You can get more expertise knowledge and specialise in Finance, Management etc by doing a MSc rather than opting for a traditional MBA: http://www.businessbecause.com/nottingham-universi...

Apr 1, 2017

^^^Knowledge and specializing mean nothing and should not factor into your decision making. Only three things matter:

1) Placement
2) Placement
3) Placement

Apr 1, 2017
rebelcross:

^^^Knowledge and specializing mean nothing and should not factor into your decision making. Only three things matter:

1) Placement
2) Placement
3) Placement

cant disagree

Apr 1, 2017
rebelcross:

^^^Knowledge and specializing mean nothing and should not factor into your decision making. Only three things matter:

1) Placement
2) Placement
3) Placement

cant disagree, everything alse bullshit

Apr 1, 2017

I can probably help you. In my opinion, you will be at an advantage w/ a Master's in quant. finance. MBA programs are known for having a broader focus and touching on a lot of soft skills that are not necessary (directly) to the HF world. A lot of HF's do not recruit from MBA programs for this reason and will pull kids from Master's and PHD programs. This is especially so if the target HF is branded as a quant-type fund. Of course exceptions exist, but I am sure others will generally agree.

Apr 1, 2017

What about a quantitatve-oriented MBA, i.e. going to Chicago or NYU and loading up on quant-oriented finance and statistics classes? Do you think that this would be comparable to an MSc?

Apr 1, 2017

that helps me a lot

Apr 1, 2017

It really depends on the hedge fund but I think generally the quant MSc is the way to go. A quant-heavy MBA at Chicago or NYU could work as well. Basically it just depends what kind of hedge fund you want to be at. Certainly there are hedge funds that recruit at business schools and there are hedge funds that recruit at quant MSc programs. It just depends which kind of hedge fund you want to be recruited by.

At the fund I work at (decidedly quant oriented) they told me that if I took time off to go to business school they would pay me less when I got back.

Apr 1, 2017

there are different types of hedge funds out there. the ones using fundamental analysis require mbas to analyze financial statements. the quantitative hedge funds require financial engineers. you can get into a hedge fund regardless of the program you choose. it's the type of hedge fund that you need to consider

there is no such thing as a quant-oriented mba program that's so quant-oriented that people will think you're the equivalent of a financial engineer. the two programs are very different.

http://jobsforwallstreeters.blogspot.comWe send you quality jobs for front-office positions in investment banking, private equity, venture capital, hedge fund, sales & trading, equity research, and fixed income research.

http://jobsforwallstreeters.blogspot.comWe send you quality jobs for front-office positions in investment banking, private equity, venture capital, hedge fund, sales & trading, equity research, and fixed income research.

Apr 1, 2017

Most important thing is to know what companies will recruit at your program, whether it's MBA or Masters. It sounds like your Masters is not MFin, but what is it specifically?

I am sensing that you want a change of role, so I assume you want to move into investment research?

Some more details are necessary for us to be more helpful to you.

Apr 1, 2017

In Europe it is more common to get a MSc, whereas in the states it's more common to to get an MBA. Both programs are good and it depends on where you are from also. In the US you usually do 2 years as an analyst then go to business school to get an MBA and then you return as an associate or you go to PE or HF. In Europe on the other hand it is not necessarily required to go to business school the same way it is in the US, and also many people get an MSc and then go to investment banking

Either way, both are good programs, if you're in the US get an MBA after 2 years, if you're in Europe get an MSc right after your BSc. I've completed my BSc this year and I'm starting my MSc in October. My school joined the AMBA group so you can only get an MBA if you have 2 years of work experience

    • 1
Apr 1, 2017

I was told (*TOLD) that an MBA really isn't needed. People just want reassertion that they can get into IB if all else fails so they say "M7 MBA." Experience matters more than an MBA. People get an MBA just to take a break from work or pivot industries. People high up in the industry told me this.

Apr 1, 2017

In the United States, an MBA is almost always a safe bet.

Apr 1, 2017

So the answers above are all right and it depends on what you want

  • Most people who graduate with a Master of Fin will come out as an Analyst or go on the Quant track vs Associate Generalist with a MBA. MBA People who don't go to Banking or Consulting will have Manager title at F500, Master I don't know
  • Masters academic are typically harder and focus on knowledge while MBA students more often focus on the networking, partying and traveling (since they've been working hard pre MBA)
  • If you are younger you should go to MFin since most MBA programs want older applicants (3 - 7 years range). Some schools will even mention they won't let younger people in (most M7 schools will say so in info session)

In term of safety, I would think you'll get a good job regardless whether you go to Princeton MFin or HBS MBA. For lower tier schools I really don't know. Probably time to research those schools would be better spent getting yourself into top programs

Apr 1, 2017

Have you looked at INSEAD admit stats? What makes you think your profile falls short? The fluency in a 2nd language is sometimes the barrier for US kids trying to get into INSEAD, but it sounds like you've got that nailed.

Apr 1, 2017

add 700+ GMAT to your fluency in German and US citizenship, then you'll be a rare breed - definitely worth a shot.

with <2 yrs WE:
1) If you speak German and hence want to work in Germany, WHU probably has the best placement in the country, followed by HHL in Leipzig. Programs are 18 months each.
Cost of any Master's is 100% tax deductible in Germany if you stay after graduation.
2) if you are keen on a degree with a more international brand you should look into the UK programs, some of which are only 9-10 months.
LBS has both a Master's in Management and Finance, 10 months full time.
LSE has a broad range of Master's, e.g. even one specialized in Private Equity.

with >2 yrs WE:
INSEAD definitely the best, followed by IMD and LBS.
class size of INSEAD is 900, last year McKinsey hired 130, BCG 60, Bain and Booz each 40+,...

Apr 1, 2017
24837:

add 700+ GMAT to your fluency in German and US citizenship, then you'll be a rare breed - definitely worth a shot.

with <2 yrs WE:
1) If you speak German and hence want to work in Germany, WHU probably has the best placement in the country, followed by HHL in Leipzig. Programs are 18 months each.
Cost of any Master's is 100% tax deductible in Germany if you stay after graduation.
2) if you are keen on a degree with a more international brand you should look into the UK programs, some of which are only 9-10 months.
LBS has both a Master's in Management and Finance, 10 months full time.
LSE has a broad range of Master's, e.g. even one specialized in Private Equity.

with >2 yrs WE:
INSEAD definitely the best, followed by IMD and LBS.
class size of INSEAD is 900, last year McKinsey hired 130, BCG 60, Bain and Booz each 40+,...

most of the people at insead who end up at mckinsey or bcg are people going back to mckinsey and bcg. they are all sponsored.
actually in their employment reports you can see how many actually went back to their previous employer

Apr 1, 2017
lifeofpurpose:

most of the people at insead who end up at mckinsey or bcg are people going back to mckinsey and bcg. they are all sponsored.
actually in their employment reports you can see how many actually went back to their previous employer

I've got an idea lifeofpurpose - why don't you go take your own advice and look up the numbers?

because then you would realize that less than half the people going to McK, BCG, Bain, Booz, Roland Berger, AT Kearney and LEK are returning employees.

http://

Apr 1, 2017

You should consider HEC MSc Finance too.

Apr 1, 2017

I was also wondering this..went to a non target in the states, but have dual citizenship for US and Europe...should i go back to the states? or stay in europe for grad school

I eat success for breakfast...with skim milk

Apr 1, 2017

My grades in college were bad. It wasnt until I studied abroad in France that i really found my motivation and career goals in life. So thats definitely what concerns me. I worked for the US defense department in Germany last year. Would that count for a year of work experience in addition to my current job? Additionally, I understand how important work experience is to the MBA application, but if i want to be involved in investments/consulting/or energy sector, would a MSc Finance or MBA be more beneficial to my goals?

Thanks guys

Apr 1, 2017

How important are undergraduate grades in the application process if you have great essays, unique characteristics, work experience, great recommendations and a 700+ gmat?

Apr 1, 2017

depends on the school, and on how unique you are. 700+ isn't that impressive, particularly if you have sub 3.5gpa. 750+ gets you noticed if you have a poor gpa (by that I mean 3.0 ish; if you're in the 2.* range you're probably f'd).

Apr 1, 2017

lbs>>>>>>insead

Apr 1, 2017

Also which of those are top 2?

Apr 1, 2017

School Based - I played hockey, am the vice president of my fraternity, was the treasurer of my fraternity, VP of economics honor society, 2 other honor societies

Apr 1, 2017

TEACHER181, bummer your thread hasn't had a response yet. Maybe one of these threads could point you in the right direction:

Or maybe the following users have something to say: @ManOnTheMoon @mdp @goldarmor

I hope those threads give you a bit more insight.

Apr 1, 2017

In the end the double major won't matter too much tbh do it if you can keep your gpa up, and the general consensus is usually to avoid an MBA right after undergrad and get some work experience first

Apr 1, 2017

Assuming you still want to do IBD a couple of years in:

1) UTD is a plenty good school for its value but for any IB jobs in Texas, UT Austin and Rice and other good schools elsewhere will take your job. You'd be better off trying to transfer to UT after your 1st or 2nd year (I know UT has some kind of program where they promote kids from other UT campuses) compare to taking silly, easy classes and having double majors. All the trouble will be worth it once you get that IB gig. Heck, transfer anywhere else top 20 or above

2) Do not go into fast track of any program (MBA or MSF), same argument hold here. UTD is good for its value but won't get you where you want. There are plenty better MSF (Vanderbilt, UWash, Princeton, etc.) and definitely plenty better MBAs (I won't list them out)

That said, "some" UTD kids do end up in Tech Consulting (pay pretty well). If you still reason yourself to stay at UTD (for financials, family, scholarship,etc.) reasons, feel free to reach out to all the alums and seniors (not the best ones or the luckiest ones but all the other ones) to have a real feel of how the job market is. I would also talk to UTD MBAs and MSF alums about jobs if you want to do it straight. The general advice is a no, I would advise the same to someone at Notre Dame (they have the same program)

Best Response
Apr 1, 2017

MBA or MSF with Advising Experience (Originally Posted: 10/03/2017)

Hello All,

I am new here and have been digging around trying to get some information on where to take the next step in my career. Most of the info I am seeing is about Analyst. I am currently a Financial Advisor with a large global bank. I have been in the financial industry for about 5 years now. Though I am an FA now I have considered going to a wealth management team down the road. Of course plans can change, but I never see myself leaving the financial industry be it individual or corporate investment or money management.

My question is will an MBA look better to clients and employers or will the MSF be better suited since I don't plan on leaving the industry? Wanting to go into management is not high on the priority list at this point, but I don't want to cap myself or limit my value by doing the wrong degree now.

I graduated from no name college with a Bus Admin degree. The second part of this is what schools would you all recommend? I live in the DC area so online is heavily being considered. I have looked at Penn State, University of Miami and Syracuse as well as couple others that don't rank as high. I am not going for Ivy league, but want a well respected school.

Thanks in advance for the feedback.

Jon

    • 2
Apr 1, 2017

Hi SupremeLeader, check out these threads:

  • Aeronautical/Aerospace Engineering PhD, Electrical-Computer Engineering MSc trying to break into PE/VC candid, my end-goal would be to work in a technology-based PE / VC firm. One thought was to try and get ... elite MBA programs often requires having prior investment banking experience, which I do not possess. ... Hello everyone. I've spent quite some time perusing through this forum, and I ought to say ...
  • Trying to break into Investment Banking at a late stage in my undergrad. Hi all, I am a graduating senior at NYU and looking to break into Investment Banking Division. For ... will be so much helpful and greatly appreciated! Best. 2016 investment banking graduate breaking into ... IB ask for help 2016 Full Time IBD 2016 investment banking 2016
  • [EU] Engineering student: MSc Finance now or MBA later to break into investment banking? a top school and try again to get into investment banking (at associate level?). Both routes seem ... and French (HEC, ESSEC) schools. Upon completion, I hope to get an investment banking summer ... My dream job is probably investment banking (M&A) or Asset Management, although this is not ...
  • International Students breaking into banking- ask and I'll try to help students breaking into banking to the best of my knowledge. There may be some questions that I might not ... stint, and had to cold call/cold email numerous banks before I landed a job at a reputable MM. Did the ... of luck P.S.: Long belated thanks to WSO for helping me get my offer last fall! IBD International BB ...
  • 30 year-old breaking in a regional bank (multiple times) and offered to work for free in their investment banking division. After two ... seen a couple of "Too old to break into IB?" topics lately and I thought I'd share my ... an MD. He essentially made me his analyst and even tried to get the bank to
  • I'm Trying to get into Prop-Trading From a Non-Target School a bachelors of science in mathematical finance 3.4 GPA trying to get into prop trading even though I am aware ... I think prop trading is becoming increasingly more difficult to break into because they are hiring from ... top schools similar to hedge funds and investment banks. The other big reason I decided on prop ...
  • Trying to break into Deloitte BTA Consulting Program, need help their global wealth and investment management (GWIM) division. I'm extremely interested in IT ... a investment bank, so we'll see how Merrill is this summer. ... getting into Deloitte 's BTA program. However, Deloitte Consulting doesn't recruit at my school, ...
  • Student trying to break into IBD break into investment banking. I am constantly trying to improve my resume and would appreciate any ... Hello intertube readers. I am currently a sophomore at a semi-target in the midwest trying to ... feedback. I have been advised by my career counsler to leave my major GPA off (a 3.90/4.00) because it is so ...
  • More suggestions...

Calling relevant pros to the rescue! @London calling @FakingItAndMakingIt @brazil

If those topics were completely useless, don't blame me, blame my programmers...

Apr 1, 2017

depends where for each, but generally mba is better

Apr 1, 2017

Just get an MBA, it covers for a masters in finance (sort of) and opens up a lot of doors in multiple industries.

Apr 1, 2017

I think the Master in Finance at LBS would suit you perfectly.
If you know for sure that you want to work in Finance it is better than an MBA.

Apr 1, 2017

If you are getting a CFA, do you really need a masters or MBA? (BTW I'm just reiterating things that I've read on this board... I'm one of the blind leading the blind). CFA's (from what I've read) have networking events and even CFA clubs in major cities. This would probably be just as good (if not better) for ER networking opportunities over MBA/Grad school.

looking for that pick-me-up to power through an all-nighter?
Apr 1, 2017
LIBOR:

If you are getting a CFA, do you really need a masters or MBA?

My guess is that there's no point in the MS if you're going to pass all 3 levels of the CFA, but definitely do the MBA.

Apr 1, 2017

Have you been applying directly to ER positions?
I have seen plenty of recruiters looking for qualified accountants for ER/M&A/CF positions.

Go to www.efinancialcareers.co.uk and type ACA in the search bar.
With Cambridge + chartered accountant you should be getting interviews.
This is a US site so people will tell you you can't break into finance from accounting, but if your in London it's absolutely false.

Apr 1, 2017

THanks for the input guys, really appreciate it!!

Actually, I am now based in Hong Kong (the weather is crazy here :), working towards my CPA (just the final papers to be completed). I am not sure how much of a difference does it make when comparing the investment industry in US, London and Hong Kong?

I am definitely working towards my CFA at the same time, just that I couldnt manage the time to get my level 2 done as work + CPA takes up most of my time already...

Apr 1, 2017

I would recommend waiting and going the MBA route down the line and skipping the MSF. Most MSF programs are built for recent college graduates and do not require a large amount of prior work experience. MSFs are also often tailored to career starters/boosters vs. MBAs which are often career changers. It sounds like you have a good job now and a resume that depending on other factors could warrant a top-20 MBA acceptance. This would be your meal ticket into the Corp Fin job you are looking for. Just my two cents, good luck with the decision.

Apr 1, 2017

After going through the process and speaking with a ton of admissions people and doing interviews, they really do like recent grads. I graduated in 2011 and I was afraid I would be considered a year too old. However, I know Princeton and Illinois programs are geared towards individuals with more work experience as opposed to recent college grads.

So with that said, going that MBA route may be more fitting to you at this point, but then again, I am no expert in this.

Apr 1, 2017

If you are definitely gonna do the MBA (which both your paths indicate) I think adding the MSF is pretty costly and not all that helpful. It's just one degree too many. And since you can go from your current job direct into an MBA, I don't see a major advantage for you doing an MSF also.

Apr 1, 2017

I have a pretty similar situation. I will be graduating soon. I am an international student. I want to come to US for higher studies and i want to build a career there. Now, I can try for the MSF in 2014 ( as i have no job experience) and then give a try to build up my career. Or, I can wait and gather some job experience, after which i can apply for an MBA and try to build up my career in US from there after.. What will be the optimal decision for me ?? Please help :(

P.S. I am a finance major and want to stay in my subject in my joblife also. But i havent chosen any particular finance track yet e.g. corporate finance or investment banking etc.

    • 1
Apr 1, 2017

I don't really see anything competing with the MBA as the article alleges, and really I don't think the two should be compared. They are marketed to different sets of consumer (e.g. 0-2 work experience and 2-8 work experience people), and they are marketed as providing different skills (e.g. MSF technical knowledge, MBA some technical knowledge but mostly "management" training").

"They are all former investment bankers that were laid off in the economic collapse that Nancy Pelosi caused. They have no marketable skills, but by God they work hard."

Apr 1, 2017

Thanks for posting this. Pretty dated article. Since it is GARP it is more geared towards the increase in MFE programs than the typical MSF programs that people on this site routinely inquire about.

I think this reflects a couple things.

1) Saturation of MBA's
2) Desire to keep wallet share of students without putting people in MBA programs without the necessary experience
3) Pure revenue generation desire from universities
4) Increasing complexity of finance
5) Student demand

Applications have leveled or dropped at a lot of non top MBA programs and schools are looking for a way to provide a graduate offering that is shorter, more focused and provides a better ROI for students.

Masters in Finance HQ - The #1 site for everything related to the MSF degree!
MSFHQ

Apr 1, 2017

Create a long-term plan for yourself but allow for some flexibility. Both degrees offer different opportunities and career trajectories. Keep in mind that there are many paths to success and either degree is not a ticket to success. You are only a sophmore and you should focus on doing what you can for summer internships. Perhaps, you should even consider doing very well and transferring to a "target" school of possible.

An MBA can be worth the time but most people will argue only if in a top 10 or top 20 or top 25 program. Again, this depends on where you are in your career when and if you decide to pursue a degree. In my opinion and MSF won't help too much for consulting.

Apr 1, 2017

MSF at a top program or an MMS/MiM from UVA/Duke/Wake will be worth it, but you can network your way in. View an MSF/MMS/MiM as a backup plan.

Apr 1, 2017

so ur a sophomore why not a- transfer to a better school if u can get in or b- grind your shit out over the next 2 years instead of thinking of an MBA in 7 years time?

Apr 1, 2017

I think the best option would be to transfer out to a target school.
If you cant transfer (for whatever reason, it should be a good one) then I would network and try to break in that way.
If both the above fails, I would consider a MSF/MiM unless you can get some type of job that can leverage you to a top MBA after working a few years. I think that a top MBA is more of a sure thing than a MSF/MiM.

Apr 1, 2017

Network, network, network. Consider transferring to a target school, too.

The safest way to double your money is to fold it over twice and put it in your pocket.

Apr 1, 2017

1-Click to Unlock All Comments - 100% FREE

Why do I need to be signed in?
WSO is a knowledge-sharing community that depends on everyone being able to pitch in when they know something.
+ Bonus: 6 Free Financial Modeling Lessons with 1-Click Signup ($199 value)
Apr 1, 2017
Apr 1, 2017

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Apr 1, 2017