标题: Master in finance , which university ? [打印本页] 作者: btcapital 时间: 2013-4-28 06:11 标题: Master in finance , which university ?
Hello everyone, I ‘ve passed CFA level 1. My intention is studying for level 2 2013 and apply for a master in finance program next year. I’m 23 now, and working for an auditor company? I found some universities based on financial times ranking and CFA partner universities. But the ranking confused me? I prefer those in Australia, Europe and America. England was too expensive to me and I don’t want to take GMAT too, costing too much time. Any ideas? Thank for any help 作者: strikethree 时间: 2013-4-28 06:11
Canada has one as well. The Rotman school of business in Toronto作者: SeanWest 时间: 2013-4-28 06:12
How is the US on your list if you dont want to study for the GMAT? if you are expecting to go to a high rated business school in the US , you need the GMAT and a good score!作者: Matori 时间: 2013-4-28 06:12
In the US the GMAT is a must - so you will need to take it, and soon… if you want to apply for 2013-2014 school year.
IE…. I know many who have been there for their MBA, and although it has great reputation, Spain is in crisis and job prospects are not great, and if you look for a job in the US, a foreign degree is not as highly regarded as a US one… So you must also consider where you’d like to work later.作者: jcfa2011 时间: 2013-4-28 06:13
Master degree. I only have 1 year experience, so MBA seems unnecessary作者: trogulj 时间: 2013-4-28 06:13
Many universities are now waiving off GMAT if the student has passed even CFA Level 1. Practically, GMAT is no way even near to CFA in terms of difficulty and the skill set you acquire afterwards. UCAL is considering the waive off and Illinois Inst. Stuart Business school offers the waiver. I’ve also taken GMAT and scored 700. CFA level 1 was weighed more on my profile than GMAT. The criteria you mentioned might apply for MBA programs.作者: onelife1 时间: 2013-4-28 06:13
CFA_Cylon wrote:
In the US the GMAT is a must - so you will need to take it, and soon… if you want to apply for 2013-2014 school year.
IE…. I know many who have been there for their MBA, and although it has great reputation, Spain is in crisis and job prospects are not great, and if you look for a job in the US, a foreign degree is not as highly regarded as a US one… So you must also consider where you’d like to work later.
+1作者: jmh530 时间: 2013-4-28 06:14
If I were you, I would accumulate more work experience and then try to go to a top B-school for an MBA in Finance. I think your money would be better spent going that route. Just my two cents.作者: anish 时间: 2013-4-28 06:14
Could you explain more? I wanna study and work abroad go get more knowledge and experience. My country doesnt have a developed financial market. Knowledge I study in CFA does not contribute much in my work and my background was not finance, either. I wanna to study master in finance to get a deep understanding and to have real working experience.作者: fishmarket 时间: 2013-4-28 06:15
darthplow wrote:
Nitin CFA wrote:
Many universities are now waiving off GMAT if the student has passed even CFA Level 1. Practically, GMAT is no way even near to CFA in terms of difficulty and the skill set you acquire afterwards. UCAL is considering the waive off and Illinois Inst. Stuart Business school offers the waiver. I’ve also taken GMAT and scored 700. CFA level 1 was weighed more on my profile than GMAT. The criteria you mentioned might apply for MBA programs.
Thats not true. Where did you get these facts?
You can read all-day long about these “Facts” in QS and Bloomberg Business Week.作者: onelife1 时间: 2013-4-28 06:15
bpdulog wrote:
Nitin CFA wrote:
Practically, GMAT is no way even near to CFA in terms of difficulty .
False. I am a charterholder struggling to break 600 on the GMAT.
It varies upon indvidual capacity. Jus’ because a chaterholder finds GMAT difficult doesn’t mean that GMAT is tougher than CFA. The scope of GMAT testing is very obscure and the tests are designed to assess loose skills of a person. The CFA CBOK is more than sufficient to excel in the investment industry. You’re comparing High - school math and verbal with “CFA”.作者: meghanjackson 时间: 2013-4-28 06:16
700 GMAT, Passed Level 2. Took me about 2 weeks of study for level 1 and around the same for my GMAT. I feel GMAT is definitely harder if you want a great score 750 plus. If you want to get into Big 3 consulting they will look at your GMAT. No one cares about CFA outside of asset management and research.
Which Msc Finance depends on where you want to work. Some school like Tuck (Dartmouth) is well known in US or India, but it’s relatively unknown in Asia. IE isn’t the most well known in south east Asia, but extrememly well known in Europe. Talk to people around you in the industry and ask them, which schools do they think is a top tier in the country you want to work in. Also ask about work Visas, since I have heard especially in Europe, it’s getting hard to obtain work Visas since the new laws.作者: segalm 时间: 2013-4-28 06:16
Thank all you guys for your advices 作者: zbird2134 时间: 2013-4-28 06:17
I just finished a Master of Finance at the University of Cambridge in the UK, and maybe if I share my story it would be helpful for the OP and others considering a specialized masters degree in finance.
I can tell you for a fact that specialized masters of finance programs (unless you are attending MIT, Princeton, and LBS as a crappy alternative), are not perfect substitutes for a top MBA at all. I studied as an international student in the UK, and I found that recruitment was largely targeted to MBA candidates and undergrads, with no clear recognition or respect being given to the specialized masters degrees. Of course you will find some people to be successful in securing roles as international students (I secured a role as an investment banking analyst at a regional investment bank in London), most people will come into the program with the highest expectations, only to end up returning to their home countries with not even a single job offer in hand.
While I do agree with most people that a masters degree in finance is a much better strategy of securing a finance role than just hammering away at the CFA program having secured little to no relevant experience at all, anyone should be very careful before making a huge investment of time and money in a subpar program. If you haven’t heard of the school before, chances are it has no recognition in the market, and you should be wary of joining the program unless you are in a special situation (i.e. full scholarship recipient etc.). The Cambridge program cost a total of $75,000 USD for the year for example, and only three people (Out of a class of 45) secured a new job upon completion of the program, with some returning to their previous employers and many being jobless. I would recommend that for more experienced people (2-3 years of experience), an MBA from a quality school should be selected any day of the week over a masters in finance degree in terms of making a real legitimate impact on your career in terms of career advancement, or being a career switcher which is what most people aim for in attending one of these programs.
There are some people who will argue with me and say, “MBAs are for generalists! Master of finance degrees are for specialists! You obviously do not know what you are talking about!”. I’ll let you guys in on a secret, you don’t learn anything in an MBA or master of finance program anyways, all you do is go through the motions. The CFA curriculum could arguably destroy any masters in finance curriculum out there barring MIT.
In summary, don’t do a masters in finance unless you are: 1) Going to a top school, 2) Already have an awesome profile and are not trying to switch careers (Why would you even consider doing one in the first place then?), and/or 3) You are on full scholarship. Otherwise, you’re wasting your time and money, and you’ll be dissappointed to realize that you will not learn anything new about finance beyond the CFA curriculum.作者: burning0spear 时间: 2013-4-28 06:18
Thanks a lot for your message, and yes it’s difficult but not impossible. Believe it or not, I applied to the firm I ended up getting hired in about 7 times before they asked me in for an interview, but that’s the kind persistence you will need to get in the door. It sounds like you are in London as well?作者: giorgio10 时间: 2013-4-28 06:18
tvdloo wrote:
Thanks a lot for your message, and yes it’s difficult but not impossible. Believe it or not, I applied to the firm I ended up getting hired in about 7 times before they asked me in for an interview, but that’s the kind persistence you will need to get in the door. It sounds like you are in London as well?
I don’t have a cambridge degree ( i went to warwick-msc finance), I am very bad at the ‘walking through the door part’…so i got no job and am thinking i may join the army
