MSc Finance at Imperial or Bocconi
Hi guys,
I am a last year BSc Bocconi student and I received an offer for MSc in Finance both at Imperial and Bocconi.
I want to land a job in IB in London after my Master.
I haven’t relevant IB experience but 3 months in financial consulting, 3 months in family office and 5 months in turnaround M&A and CFO services.
Which one would give me the best placement in London after Brexit?
please reason your answer!
Imperial BS grad here - background: target undergrad currently in London EB
I would go for Imperial and here are 3 reasons why:
1) You already have a network at Bocconi so expanding your network in London, especially when everyone is applying to the same places, is always helpful if you want to work in London.
2) Although the BS's career department is shocking (never actually have big name BB/EB/MM coming to recruit specifically for the BS students, only for the wider Imperial), you do get to say you go to Imperial which is arguably one of the top 10 unis in the world (ranking doesn't really matter but just to put things in context). The brand name easily carries you through screening and if you network on top of that then your success rate should be quite good. I would recommend going for final year internships and dont listen to anyone in your class that tells you you can't apply for summers.
3) Even if you don't end up getting any EB/BB/MMs offers, there are plenty of firms out there in London. You can apply to them as a backup and network/interview with them in person when things open up by the time you start.
Thank you very much! Can we get in touch?
I have the same reasoning about coming to Imperial and I would like to talk to you in a quick call!
In all honesty I’d say Bocconi, especially if you speak Italian as placement there seems incredible.
Hi Lance,
Well I know the placement is perfect in Italy since they basically hire only from Bocconi but I think in London, after Brexit, going to Imperial can already give me a visa and more opportunities to network. Being only a class of 70 people it will be easier to stand out through extracurricular activities and stuff. Happy to catch up if you want!
Imperial would most of all give you a visa ....
Given you already did your BSc at Bocconi, would go to Imperial without a doubt. Even if “Tier 2” after the likes of LSE, Oxbridge etc, still a very good target so will give you interviews. Also allow you to enjoy both alumni networks.
Exactly! Thank for your answer.
I will try to be strong on networking. If I can ask, can you recommend me some sites or stuff to also find out more about other industries that are not IB? Like the best players in VC for example.
Thanks!
If you are Italian and really good at studying, absolutely go Bocconi. If you're international and good at studying I would still go Bocconi. If you feel like you are not a top notch student (GPA lower than 28.5) go Imperial because the MSc in Finance at Bocconi is very intensive and at times unfair. I was a BSc student at Bocconi, went to Oxford for my MSc in Finance and my friends who stayed at Bocconi were legit being worked into the ground, but they still placed way better than Imperial people if they managed to maintain a good GPA.
Hi! Happy to connect if you agree!
I know the course in Bocconi will be harder and most of the things will not be required for IB for example. I am a top-notch student but I really would like to experience another city and exit my comfort zone. Do you think they value the changing in universities for this kind of reason. I would have applied to Oxford or LSE or LBS but I chose to do an internship instead of spending 2 months on the GMAT. Of course the current placement of those unis is considered better but I think having both Bocconi and Imperial brand will make a difference. I really want to connect and meet people in London and living there to better understand how things work. I will strive to implement the Imperial placement or activities of course.
I think that having two "brands" is mostly irrelevant because banks basically only care about the school you are currently attending. The only advantage of Imperial is that you would be able to have in-person coffee chats with professionals in London, but I doubt that in Sept many people will want to get coffee with a stranger given the covid situation. IMO if you want to maximise chances of landing a good IB gig, go for Bocconi. Obviously make your own calculations as life is not just about getting an IB job, I'm just giving you feedback on this aspect
Bocconi's MSc Finance 100% for the following reasons:
1) it's a target uni both in the UK and across Europe (especially Germany and Switzerland, where salaries are highly competitive), meaning that you'll get offers regardless of the location and the geographical coverage of the desk;
2) it offers a variety of IB-focused in-company trainings worldwide, from the City of London to the UAE;
3) although it's numerate, Bocconi's MSc Finance is still regarded as an IB feeder, whereas Imperial's has historically placed better in S&T and Structuring, despite its attempts to attract people interested in IB and rebrand itself as one;
4) although Bocconi's MSc Finance looks pretty quanty, you should not forget that many students on the programme have a background in business/management rather than pure economics/finance (which they compensated with a high GMAT/GRE, presumably), implying that the concepts you'll be dealing with cannot be that difficult. Conversely, Imperial's cohort is fluent in calculus and econometrics from day 1 and you won't be able to get away from the most quantitative modules, most of them being compulsory. Also, at Bocconi you will be able to major in Investment Banking during your second year;
5) because the are more people on Bocconi's MSc Finance (mind that there's an Italian cohort as well) than Imperial's, the programme is better represented in the City, where some desks are filled with Bocconi grads;
6) as a Bocconi student you'll be able to get into top London banks smoothly and, therefore, visa won't be an issue. Different story, should you not be able to get into a sponsoring bank after graduating from Imperial, you'll have to rely on a temporary post-study visa, which UK recruitment hasn't even internalised so far. Most mid-tier banks (those who are more unlikely to sponsor EU applicants, even though most of them are licensed to lol) are already mentioning that candidates should have a settlement agreement in their pockets prior to applying, meaning that they cannot even be bothered with helping you transition to a full work visa once the post-study one expires (it's a pretty smooth process to be fair, but whatever);
7) from a quick LinkedIn search you'll see that Bocconi's MSc Finance people manage to get SA offers in IB from top banks on a consistent basis, despite not having prior relevant experience. Even people coming from low-ranked Italian unis, who manage to get into the Italian cohort with a super high GPA, an average GMAT/GRE/Bocconi Test, and poor extracurriculars, eventually end up with top-notch offers from London banks. To me this exemplifies Bocconi's strength with regard to IB placement, since such a candidate would never be able to secure an offer in the UK if it weren't for Bocconi's reputation. Conversely, successful applicants from Imperial have already got a solid CV, which makes it hard to assess the intrinsic added value of its MSc purely with respect to IB placement (value that is undebatable when it comes to S&T and Structuring, Imperial being a science school first and foremost);
8) since you got into Bocconi's MSc Finance without a GMAT/GRE/Bocconi Test, you must be a top student (GPA above 28 or something, is that right?). Hence, you should be eligible to attend the first in-company trainings already in Fall. Moreover, if you managed to put together such a strong weighted average over a 3-year time span, I don't see why you shouldn't be able to do the same on the MSc. You'll be applying for SA roles as soon as you enter the programme, therefore you'll have to focus on your first semester mostly.
Obviously this is just my personal opinion :) Hope it helps!
The way I see this for you...
Advantages of Bocconi:
Advantages of Imperial:
I'd opt for Imperial, personally.
I agree with Imperial placing better in Asia.
However, you don't want to work in HK for a French bank on a trainee salary for 2 years after spending 37k pounds on tuition only (unfortunately those are the banks actively recruiting in Asia as of now).
I would also argue that Bocconi, as a business school, places much better in London than ICBS does. Other than MSc Finance and MSc RM&FE, the other programmes offered by ICBS are not that competitive despite being very good. Conversely, Bocconi's MSc in AFC and IM show tremendous stats (IM people easily compete with Finance people at Bocconi with regard to IB and PE placement). Ok, at Bocconi competition is intense due to the aforesaid, but eventually everyone finds her/his spot in the City. Over-representation is still better than under-representation.
Last but not least, visa can't be a deciding factor here. The post-study visa thing is too recent to draw any conclusions on its effectiveness. However, it is pretty clear that mid-tier banks and even some of the top-tiers are not a fan of it and will give priority to settlement status holders (just check the job postings on LinkedIn and efinancialcareers and you'll see). If visa is a pro, then any decent UK businesss school should take precedence over Bocconi, which is absurd.
I think we are missing the big picture here. Getting into MSc Finance at Bocconi (without any admission test in this specific case; please rectify me if I am wrong) is a huge privilege that shouldn't be taken for granted.
But the visa situation isn't just a positive for Imperial with the change to two years post-graduation, but it's also now a big negative for Bocconi. I would genuinely expect a significant decline in Bocconi (and HEC, SSE, etc.) placements now that EU students at EU universities don't have basically the same rights as UK students at UK universities, per before. It's a massive hassle for HR to go to, which will now require as much effort as an American university student coming to the UK. While you do occasionally get Harvard/Stanford/Wharton students, they're rare, and I'm honestly not sure that Bocconi can keep up its placement rate with the new situation.
But I do agree. Historically, Bocconi placed better than Imperial's Business School into London IB and on a similar level to LSE and Imperial "proper." I just don't think that will continue...
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