M.Sc. in Finance vs. FT recruiting
Kind of a dilemma here:
I am currently in my final year at a German target school (though "target" does not mean the same as in the US over here) and have a non-BB M&A SA gig lined up. My final goal is to work for an elite boutique or a BB in Frankfurt.
I basically have two options:
Go for FT recruiting this summer/autumn with solid M&A, Valuation and TAS experience, solid grades (top 15-20% of the class, though nothing special) and good interview skills (i.e. usually getting the offers when being invited to first rounds). The problem here is: no "stellar" names like GS, MS, etc. on my resume, just a large MM bank and Big 4 companies.
Go for a one and a half year masters program at the same German target school, paying 20k fees and working part-time besides studies. This will enable me to do another internship at a more prestigious place, securing a ft offer and start in summer 2014.
I am actually pretty confident that I can secure another SA offer (and a FT offer out of the SA gig) if I am doing a masters, as I was invited by two elite boutiques (but had already accepted the non-BB gig -> exploding offer) and as I said: I am good in interviewing.
Before thinking about the deadlines, I had actually planned to just apply for ft positions in autumn and if nothing works out, to go for the masters. After checking all the application deadlines, it turned out that I have to decide which way I want to pursue, as summer 2013 is the only time frame where I could do another internship when going for the masters degree, but I can hardly apply for an SA gig and a FT position at the same time.
I am seriously leaning towards option number 1, but I am a little bit scared as I have no idea how realistic it is to get a ft spot without having interned at the same place before.
Would you guys mind to share some insights on this?