Msc Finance ranking Europe

Merlo97's picture
Rank: Orangutan | banana points 316

Hi there!

From what you' ve heard/seen throughout your whole career, what are the best school for a MSF in Europe? (I know that it depends on the field we are considering, let's say for IBD for instance).

(It would be great to have a comprehensive ranking).

I'd say LSE/LBS/Oxbridge >= HEC > Bocconi/Escp/Edhec > Essec/Imperial/SSE > IE/Esade/CBS > RSM/WHU

Is it legit? Thanks in advance

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Comments (46)

Nov 3, 2018

I'd probably rank Oxford above LSE and LBS and rank Cambridge lower than LSE and LBS. Would also rank Imperial higher if you want to work in London (probably just below HEC).

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Nov 3, 2018
notsoquant:

I'd probably rank Oxford above LSE and LBS and rank Cambridge lower than LSE and LBS. Would also rank Imperial higher if you want to work in London (probably just below HEC).

You are right. I have a point tho
Why rankings such as the FT one sort them in a different order? (I know, we are talking about LDN, but it is the pin of the European finance).

Nov 3, 2018

It's simply because of the metrics used, which you can find on the website. They look at salary increase (which is a bit odd for a pre-experience program), salary compared to the cost of living (London isn't exactly cheap), if you go to another country after graduation (most people who study in the UK seem to stay there), and many other factors. I've also heard stories some French universities focus a lot on improving their FT ranking simply by focusing on the metrics used.

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Most Helpful
Nov 6, 2018
Carlo-Mereu:

Why rankings such as the FT one sort them in a different order? (I know, we are talking about LDN, but it is the pin of the European finance).

Let me give you some sound advice that many on this board pretty much agree on:
Never rely on the skewed mainstream FT Rankings. You must analyze with rigor each and every program's employment reports if it is publicly published, preferably.

(PS: Essec >>>>> Edhec)

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Nov 3, 2018

I would also rank Imperial higher, would also rank Bocconi > Edhec/Escp. I would also add Warwick to that list..

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Nov 3, 2018
FutureHFM:

I would also rank Imperial higher, would also rank Bocconi > Edhec/Escp. I would also add Warwick to that list..

Oh yes warwick (I d put it just behind the French schools you just mentioned).
I still think Bocconi place better than imperial tho

Nov 3, 2018

I would rank Warwick higher than Edhec/Ecsp, especially when it comes to recruiting in the UK and other EU countries that aren't France.

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Nov 3, 2018

Rankings are increadibly subjective and depend on a lot of aspects. One of the most important aspects imo that is often forgotten is your nationality / languages you speak

  • French: HEC >>>>>> anything else
  • Italian: Bocconi >>>> anything else
  • German: WHU >>>>> anything else

Of course this is a bit extreme but keep in mind that a target school highly depends on the region you are in / want to work for.

Another aspect which you need to consider is which offices recruit on campus. For example if you go to WHU you can be sure that you have ALL banks from Frankfurt on campus, however, they mostly target German students. Of course a lot of people also go to London etc but it is much easier for a German to go to Frankfurt. With this in mind, don't let exit stats from unis fool you. I have a friend who went to RSM because he wanted to get into consulting but guess what... most of the companies come there to recruit for their Amsterdam office and are accordingly looking for Dutch people..

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Nov 3, 2018
axmal:

Rankings are increadibly subjective and depend on a lot of aspects. One of the most important aspects imo that is often forgotten is your nationality / languages you speak

  • French: HEC >>>>>> anything else
  • Italian: Bocconi >>>> anything else
  • German: WHU >>>>> anything else

Of course this is a bit extreme but keep in mind that a target school highly depends on the region you are in / want to work for.

Another aspect which you need to consider is which offices recruit on campus. For example if you go to WHU you can be sure that you have ALL banks from Frankfurt on campus, however, they mostly target German students. Of course a lot of people also go to London etc but it is much easier for a German to go to Frankfurt. With this in mind, don't let exit stats from unis fool you. I have a friend who went to RSM because he wanted to get into consulting but guess what... most of the companies come there to recruit for their Amsterdam office and are accordingly looking for Dutch people..

The question was about LDN recruiting. What you said is not an absolute rule tho, Bocconi and Hec place better than Warwick and sometimes imperial in LDN

Nov 4, 2018

Do you know whether foreigners that are fluent in German do have any chances at getting a job in Germany? And considering the tuition fees for WHU, what more value can one get from studying at WHU versus, say, at Mannheim?

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Nov 3, 2018
CommadantCipher:

Do you know whether foreigners that are fluent in German do have any chances at getting a job in Germany? And considering the tuition fees for WHU, what more value can one get from studying at WHU versus, say, at Mannheim?

For the first question, i think the nationality thing is not a problem.
I have honestly no idea about that, never heard of manheinm uni,sorry.

Jan 4, 2019

If you are fluent in German you are fine.
Mannheim and WHU are on par in Germany and you'll find plenty of Alumni from either at any bank, fund, consultancy

Nov 4, 2018

Agree for France and Germany but in Italy LSE is still an impressive name so will be on par with Bocconi even for Milan recruiting. If anything, if you're Italian and have studied at LSE you may have a leg up compared to Italians who studied in Bocconi.

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Nov 3, 2018
The Pharma Guy:

Agree for France and Germany but in Italy LSE is still an impressive name so will be on par with Bocconi even for Milan recruiting. If anything, if you're Italian and have studied at LSE you may have a leg up compared to Italians who studied in Bocconi.

totally agree!

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Nov 5, 2018

For the UK market - don't think the tiers are as granular:

Oxford, Cambridge, LSE, LBS, HEC, Bocconi - probably all on the same tier (with the UK universities here having a slight advantage in the UK due to better name recognition, most recruiters would've heard of HEC and Bocconi by now but there are still a few that are not too familiar with them).

Imperial, St. Gallen, SSE - less name recognition in the UK, Imperial has an argument for being in the first group.

UCL, Warwick, Cass, ESCP, Essec, WHU, IE and other comparable places.

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Nov 7, 2018

Imo, I think it's more relevant to compare Masters, not Universities. The ranking would be:

  1. LSE (Msc Finance) / HEC (International Finance) / Oxford (MFE) (i would include Cambridge here as well, but it's a research master and the class is very small)
  2. Imperial (Msc Finance) / LBS (MFA) / St Gallen (Banking and Finance) / ESCP (Finance) / Bocconi (Finance)
  3. IE (Finance) / Esade (Finance) / LSE (Acc and Fin) / Edhec (Finance) / Essec (Finance) / Imperial (Acc and Finance)
  4. RSM (Finance and Inv.) / SSE (Finance) / Mannheim (Finance) / WHU (Finance).

Some notes: Bocconi has a very strong bachelor degree, but most of its top students go for their master either in UK or France (HEC), and a few in Switzerland (St. Gallen).

Mannheim and WHU also offer strong bachelor degrees (Mannheim > WHU imo), but also their top students go either to UK or HEC and St Gallen for their masters.

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Nov 7, 2018

Judging from my personal experience going to one of the schools you listed and signing a FT BB offer in London lately, this is the most accurate ranking in this thread with regard to IB positions in London. Tiers for Frankfurt / Paris / Milan could look a bit different.

"The higher a monkey climbs, the more you see of its behind."

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Nov 5, 2018

Sorry, but that ranking is wrong. In the best interests of other people looking at the thread in the future it should be clarified that the distinction between courses at the same university (provided the courses relevant) is not important whatsoever from a recruiters point of view. You signing a FT offer does not make the ranking more credible. There is no way that ESCP for example is comparable to LSE Accounting and Finance.

Nov 3, 2018
aintnotimetowaste:

Imo, I think it's more relevant to compare Masters, not Universities. The ranking would be:

  1. LSE (Msc Finance) / HEC (International Finance) / Oxford (MFE) (i would include Cambridge here as well, but it's a research master and the class is very small)
  2. Imperial (Msc Finance) / LBS (MFA) / St Gallen (Banking and Finance) / ESCP (Finance) / Bocconi (Finance)
  3. IE (Finance) / Esade (Finance) / LSE (Acc and Fin) / Edhec (Finance) / Essec (Finance) / Imperial (Acc and Finance)
  4. RSM (Finance and Inv.) / SSE (Finance) / Mannheim (Finance) / WHU (Finance).

Some notes: Bocconi has a very strong bachelor degree, but most of its top students go for their master either in UK or France (HEC), and a few in Switzerland (St. Gallen).

Mannheim and WHU also offer strong bachelor degrees (Mannheim > WHU imo), but also their top students go either to UK or HEC and St Gallen for their masters.

I honestly think that the Finance program at SSE is way better than esade/ie
What about escp/lbs/hec exc... MIM (I know it is not a master in finance but it has a great placement in IB) ?
For instance sth like the 30% of the 2017 class of LBS MIM went to IBD).

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Nov 6, 2018
Merlo97:

For instance sth like the 30% of the 2017 class of LBS MIM went to IBD).

Enrolling at the LBS MiM can be a good strategy for any LBS MFA prospective applicant who feels that:
*His GMAT isn't competitive enough (mean GMAT is lower in the MiM);
*His quantitative background isn't strong enough for either eligibility to apply, and/or being able to adjust the mostly quanty MFA curriculum (vs way more balanced in the MiM).

Because it is indeed a very good point to make:
From reading the most recent employment statistics, the MiM still remains to this day a very solid IBD feeder program.

It all comes down to admission/application strategy, based on each and everyone's individual profile.

Nov 7, 2018
aintnotimetowaste:

1. LSE (Msc Finance) / HEC (International Finance) / Oxford (MFE) (i would include Cambridge here as well, but it's a research master and the class is very small)

Agree with your assessment but I would just argue that you could knock HEC down to Tier 2 IF you work in France afterwards. In France, the holy grail is for someone to have attended HEC in PGE, as a follow-up to the classes preparatoires and concours Grandes Ecoles. If you attend in a MsF, people might eye you suspiciously as having "bought" the brand name since you were admitted on your resume and transcript rather than your performance in the national exams. But that's something you'll only get, if ever, from pretentious upper-class people. "Oh he didn't do prepa LOL !", you get it...

While as abroad people won't care about the distinction and "HEC is HEC. What's a PGE by the way ?"

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Nov 7, 2018

Very true my friend. It is the same for all the other flagship french schools. If you don't go through the grind of the prepa you get no respect. I think that's what's so impressive about the french schools is that you cannot buy your way to elite schools (LENA etc), ask Macron he failed the entry exam so did Lagarde. The master program at HEC will be respected internationally, but might get discounted locally. On the other hand, the tax system/social security cost is so absurd that I wouldn't want to work in France anyway except for Lazard TMT in Paris maybe.

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Nov 12, 2018

I agree with your points mentioned, but need to specify that the "being looked down on" for people in the GE program that have been admitted directly (i.e. without prepa) is decreasing in general and especially for non-French.
More and more French students (esp the ones that have some money) decide to rather go doing an elite undergrad abroad (e.g. UK or Canada) and then come back for Masters. Internally they might be looked down upon by prepa students, but in general they have the same opportunities on the French market.
For non-french it is even less looked down upon since everyone understands that the prepa program is not a choice for foreigners for undergrad. So, subject to being fluent in French, students that only do the 2 year GE w/o prepa are seen on the same level as the ones who did prepa.

Nov 3, 2018
aintnotimetowaste:

Imo, I think it's more relevant to compare Masters, not Universities. The ranking would be:

  1. LSE (Msc Finance) / HEC (International Finance) / Oxford (MFE) (i would include Cambridge here as well, but it's a research master and the class is very small)
  2. Imperial (Msc Finance) / LBS (MFA) / St Gallen (Banking and Finance) / ESCP (Finance) / Bocconi (Finance)
  3. IE (Finance) / Esade (Finance) / LSE (Acc and Fin) / Edhec (Finance) / Essec (Finance) / Imperial (Acc and Finance)
  4. RSM (Finance and Inv.) / SSE (Finance) / Mannheim (Finance) / WHU (Finance).

Some notes: Bocconi has a very strong bachelor degree, but most of its top students go for their master either in UK or France (HEC), and a few in Switzerland (St. Gallen).

Mannheim and WHU also offer strong bachelor degrees (Mannheim > WHU imo), but also their top students go either to UK or HEC and St Gallen for their masters.

And what about MIM (I know it is not a master in finance but a lot of grads get there) from lbs or even the French schools (in them you can specialise in finance during your 2nd year)?
Btw I d put also Finance and economics and finance and PE from LSE in the first group.

Dec 19, 2018
aintnotimetowaste:

Imo, I think it's more relevant to compare Masters, not Universities. The ranking would be:

  1. LSE (Msc Finance) / HEC (International Finance) / Oxford (MFE) (i would include Cambridge here as well, but it's a research master and the class is very small)
  2. Imperial (Msc Finance) / LBS (MFA) / St Gallen (Banking and Finance) / ESCP (Finance) / Bocconi (Finance)
  3. IE (Finance) / Esade (Finance) / LSE (Acc and Fin) / Edhec (Finance) / Essec (Finance) / Imperial (Acc and Finance)
  4. RSM (Finance and Inv.) / SSE (Finance) / Mannheim (Finance) / WHU (Finance).

Some notes: Bocconi has a very strong bachelor degree, but most of its top students go for their master either in UK or France (HEC), and a few in Switzerland (St. Gallen).

Mannheim and WHU also offer strong bachelor degrees (Mannheim > WHU imo), but also their top students go either to UK or HEC and St Gallen for their masters.

What about IE? Why third and ESCP 2nd? When you write about ESCP do you consider the Advanced master in Finance (which requires a 4 year undergraduate program, or the MIM with 2 semesters doing Finance and 2 management?

Dec 20, 2018

What makes you think LSE and HEC are better than LBS?

Nov 6, 2018

For what it's worth: Elite US undergrads who decide to ultimately pursue a M.Sc. In European business school, almost always choose to enroll at LBS.

Recently, saw the examples of nos less than two Harvard Econ. Majors, one UCLA Econ. 4.0 GPA, one NYU Stern. All went to LBS.

Never seen such [Ivy League & Public Ivies] students at HEC, LSE.
(US students at HEC: Most of them come from Top 40 US universities. Not necessarily Ivy League. Even far from it (despite what their website would want you to believe). Still a great school though, don't get me wrong: Just pointing out top-performing American undergrads' preference for LBS. Nothing more. ^^)

If their own judgement and preferences can be any indication.

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Jan 5, 2019

From the assessment centres I've done in London for SA (Sales & Trading - might differ in IBD) at 4 BBs and the people I've met during my spring week (both interns and mentors/people from the bank) at another big US BB, I would say that the very most represented universities were - taking out US unis and in order - LSE (coming from undergrad mainly), Imperial (undergrad), Oxbridge (undergrad) and then there were some from Warwick (undergrad), UCL (undergrad), ESCP Europe (postgrad), ESSEC (postgrad), Bocconi (postgrad), Paris-Dauphine (postgrad). Some individualities from HEC (MBA) and a slim share of seniors did LBS MBA, never met anyone from another LBS course. Then some exceptions of course from other UK/German universities.

Never met anyone from the Spanish schools ever in London though.

I'd say that now masters and MBAs are not necessary if you get a summer internship as an undergrad. Too costly for not much more.

Jan 6, 2019

I mean the entire point of the masters is to get another stab at recruiting and to get access to alums. It's pretty obvious that if you already have an official/desirable SA which you've converted it's not necessary.