Msc Finance ranking Europe

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 (47)

Nov 3, 2018 - 5:07pm
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 4, 2018 - 4:45pm

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.

Nov 6, 2018 - 10:29am
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)

Nov 6, 2018 - 12:32pm
Starfall:

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)

thank you, appreciate it!!
So, generally speaking, do you agree on my assessment ? (Except for the essec/edhec thing)

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Most Helpful
Jan 4, 2019 - 4:25pm

Well, I'd say that Tier1 UK-based Programs enjoy the clear main advantage of their locarion: LBS/LSE/Oxbridge.
(Although Cambridge's M.Phil. Program is far less marketed than its competitors. Very little info on this specific one, compared to the others.

Also bear in mind that these are professional, business programs, with great emphasis on professional networking and job seeking. So, in my humble point of view, being already located in London, and thus being able to commute freely & frequently for networking events and/or job interviews, assessment centers, and non-OCR related activities, also remains a highly critical advantage.

This is a one-year (or two-years, for Continental Europe) Program. There is very little time to waste. Being "at the heart" of the job market, geographically, is important. This, for me, trumps a potential Oxbridge prestige: That's why I think LBS/LSE should be prioritized over Oxbridge.

HEC, Bocconi, and SSE are on the exact same Tier (with a slighet edge in favor of HEC & Bocconi over SSE). Selection here should be based on language and geographical preferenge. If you don't speak French, nor Italian, nor Swedish, I'd say go for HEC: you can get to London in two hours by train.

HEC's MIF class goes to London in october and meets with a total of 60 firms for networking. And you pick and choose the ones you'd like to speak with etc. Many Bocconi UG, in fact, enroll to HEC's MIF (including for the current 2018-2019 academic year). Btw, the program doesn't require any previous finance work experience (which would be a plus, for applicants with no experiences. There are a few of you out there).

HEC-Bocconi-SSE are generally prefered over UK Tier2 Programs: Imperial, Warwick, UCL, Cass. (By judging by the number/proportion of graduates in front office entry-level positions).

ESSEC [SLIGHTLY] > ESCP. But Essec's campus is way too far from Paris itself (more than 20 miles), whereas ESCP enjoys a privileged central Paris location. But ESCP's Program is 100% french-taught; and a Master thesis also has to be published (in french). To be frank, not b******* straight-talking: for french schools, if you don't get into HEC, gun for the slightly-less selective Programs at LSE (Finance & Accounting, etc.). Frankly: To many downsides in attending a french program if it's not HEC. Imho: not worth the cost of attendance.

EDHEC below ESSEC & ESCP.

Pretty sure RSM & CBS are mostly regional programs: interesting if you're a national of the country and/or speak the local language. But this last information needs to be confirmed. Not quite well-versed on those particular schools, nor on the other schools listed.

Best of luck for your applications.

Nov 3, 2018 - 5:05pm
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 - 5:25pm

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..

Nov 4, 2018 - 6:42am
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 - 1:30pm
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.

Nov 4, 2018 - 1:56pm
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!
Nov 5, 2018 - 2:09am

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.

Nov 7, 2018 - 6:16am

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.

Nov 7, 2018 - 8:33pm

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 7, 2018 - 10:14am
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).
Jan 4, 2019 - 5:10pm
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 - 10:25am
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 ?"

Nov 7, 2018 - 11:04am

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.

Nov 12, 2018 - 4:44am

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.

Dec 10, 2018 - 8:35am
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 - 10:57am
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?

Jan 5, 2019 - 2:55am

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.

Jan 5, 2019 - 9:41am

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