Rejecting a Master Offer/Deferring a Master Offer (UK)

I am unsure about whether or not I want to go into a masters straight after my undergraduate degree as I am worried that I do not have enough work experience. Ideally, I would have a couple more internships before going into my masters in order to improve my profile as a candidate going into IB or consulting, post-masters. Thus, I will be applying to off-cycle internships for the year after my BSc, while also applying to masters as a back up, in case I don't get any off-cycle. Now, here are the resulting questions:

If I got both an off-cycle and offer to a masters, I was wondering whether it would be possible to defer the masters offer (in the UK - MiM or MiF) to the following year.
I.e being accepted for the 2021 intake but deferring the offer to the 2022 intake.

If that is not possible, I would have to reject the masters offer to do the off-cycle, and apply for the following masters intake. However, if you reject an offer, does that seriously hamper your chances of getting into that masters the following year?

Any thoughts or comments would be helpful.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (4)

  • Analyst 1 in IB-M&A
Jul 8, 2020 - 4:39pm
  1. Yes, they should normally allow you to defer for 1 year, but you will have to pay the deposit

  2. Don't know, but don't see why it would - you could briefly mention in your personal statement (when reapplying) that you wanted to gain more experience before doing your MSc

  • Analyst 1 in IB - Cov
Jul 9, 2020 - 5:58am

If you tell them you want to defer because you got an off-cycle at a BB or MBB, they have no reason to not let you defer. What they care about in the end is making sure everyone places well, and you make their lives easier by doing off-cycles prior to starting. From personal experience, a few people at my master's (Target UK) had deferred a year.

  • Prospect in AM - Equities
Jul 16, 2020 - 12:00am

Et voluptatem officiis ut vitae ratione qui. Et explicabo incidunt vel nostrum aspernatur. Et voluptates eos explicabo ratione ipsa mollitia ex. Itaque quia nisi in amet expedita unde. Blanditiis voluptate modi repellendus aut omnis non.

Dolores animi sed quaerat. Quisquam velit quis voluptatem aut amet quod nam. Reiciendis occaecati aliquam tempora et. Quo quam mollitia quia in.

Dicta quisquam sapiente magni et ducimus molestiae amet. Ut eum facilis exercitationem. Aut unde ut voluptate ab et iusto aperiam.

Commodi delectus qui a aliquam blanditiis. Repudiandae magni quasi veritatis vitae eum quo ratione.

Start Discussion

Total Avg Compensation

October 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (39) $363
  • Associates (229) $233
  • 2nd Year Analyst (139) $155
  • 3rd+ Year Analyst (32) $149
  • Intern/Summer Associate (104) $143
  • 1st Year Analyst (504) $135
  • Intern/Summer Analyst (387) $83