MSc in Finance?

I'm a law student with non-economics background considering a MSc in Finance after graduating. Do you recomend it or a new undergraduate degree in Economics?

My long term goal is to work in HF / PE. Thanks!

Comments (4)

Jan 10, 2022 - 5:44pm

I assume you're UK? I'm at a semi target doing an MSc Finance and think it's only worth it if you can get into a target (Oxford, LSE, Imperial etc) or if you already have some internship experience in finance. The course and cred from a semi/non-target won't help an awful lot to get into competitive roles unless you can get some work experience behind it (or be one of the lucky few that get in without it). Just my 2 cents

Jan 10, 2022 - 6:14pm

Hi! Thanks! I'm an international student who is planning to land in the UK/NY in a few years!

Do you think that the possibilities of getting a job there (HF/PE) will increase if you get an MBA after the MSc? Maybe it'll be easier to find good internships choosing that path...

Also, I'm not sure if the MSc (+ the MBA) will replace the lack of an undergraduate degree in economics... considering the competitiveness of the world of Finance (PE/HF/EB) and my legal background, I'm starting to believe that I won't get any chance if I don't start studying economics... What is your opinion about that?

Most Helpful
Jan 11, 2022 - 5:40pm

If you're headed to the UK it's definitely worth going for an MSc Finance if you can land a place at Oxford, LSE, Imperial or UCL. Network with everyone, take up a senior position in a finance society and try get some internship experience. If you do all that and network well with alumni and industry professionals during your course then you've got a very good shot! But it's all about being prepared, knowing how to pass interviews and being on top of your applications. 

At semi-targets, only approx. 10% make it into IB/PE so it is important to get a place at a target.

MBAs are another ballpark that I know a lot less about. Less popular in the UK but there is a whole stream of Associate Internship and entry level positions available for MBA grads so it opens a new set of doors. Nothing is guaranteed even with the best possible education so it's more important to start now and get ahead of the game! 

A lot of companies don't care what your undergraduate degree is, as long as you show the required technical knowledge for the role you're applying for. Most of that you don't learn in economics and sometimes even in Finance! We only learnt DCFs and WACC after the interview cycles were coming to an end so it is more of a self-study topic if you're serious about breaking in.

If you are a few years off coming to the UK then you've got a few years to land a finance-related internship and that will be more instrumental than anything else you can do! Don't just look at PE but anything in IB, PE, HFs, Big 4 will be helpful to have on your CV in the future. Use your time wisely and think about the MSc Finance down the line.

Jan 11, 2022 - 6:09pm

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