University of Chicago MSFM vs Duke MMS vs McGill Master of Art in Economics - Accepted to 3 programs

Hello everyone,
It is my first post on WSO and would really appreciate your help. I recently got accepted to 3 programs. My first goal would be to work in investment banking anywhere in the world, I am an international student. Quant analyst would be if I would be if I chose U of C. I know there are plenty of programs better for investment banking, but only got accepted to those.

University of Chicago Master of financial Mathematics in Singapore (1.5 years) 60K tuition
If I attend this program, I would like to be a Quant in Singapore. But, I know there are very limited opportunities for the quantitative area in Singapore. My question is if banks would consider my master in financial mathematics, for Investment banking because there are more opportunities in that field. I like that U of Chicago is well recognized worldwide and that it is administered by the prestigious department of mathematics. With the new curriculum, I will be able to take elective course at the Booth School of Business.

Duke Master of Management studies - Fuqua School of Business (10 months) 50 K tuition
I wonder if this program is recognized worldwide and good for investment banking. I like the program is taught by the business school where you can get access to alumni.

McGill University - Master of Art in economics (1 year) 5K tuition
No clue about the program. Would focus getting good grades, try to find IBD job after graduation. Or would work for a year as an economist and apply to Oxford financial economics afterward.

Which program would be better or investment banking? I know master of financial mathematics is on the tangent side of IBD but I am very good in mathematics. I know Singapore prefer good US/UK school over local one and would be good in that aspect. On the other hand, I saw Duke MMS previous class has a rate of 35% that made it to corporate finance, which are good stats. Also, it is possible to break into IBD with a master of economics from a good school?
Thank you guys for your time

Comments (6)

Apr 4, 2014

Anyone?

Apr 5, 2014

I would choose Chicago, guessing that you are from Singapore, it is one best universities in the world and I think you can easily get a job in ER with some networking.

Duke MMS is also a great degree if you were not a business undergrad so if you want to leave Singapore then that will be a great option as well..

Apr 6, 2014

Thank you Ghosh for your answer. I am coming from a double major in Applied Mathematics and Economics at a decent US liberal art school. I want to go in Investment Banking, but starting from zero because of no previous experience in banking. I did an actuarial consultant internship and that's about all. I know Duke and Chicago are great schools, but those 2 programs are not designed to go into IBD. I wonder if the employers from IBD would consider the programs? thanks

Apr 7, 2014

From a quant degree I don't know why you would want to become an analyst in IBD. Quants bring in more value for a firm and also they usually make more money. I would look at both schools employment report to know how many people are going into IBD. But with your background you will have a great shot at consulting at Duke if you want to do it.

Apr 11, 2014

Thanks Ghosh,
my goal, if I chose U of C would be to be a Quant, but the problem is the job market for quants is smaller than for IBD, or am I incorrect? IBD would be a second choice. I was just wondering if some financial engineers had switched careers in the past to go to IBD or it is impossible. I am hesitating between Duke and UofC. Duke would increase my chances in consulting and IBD, while U of C would be a great study abroad experience.

Apr 11, 2014
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