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EUROPEANS: MBA or Msc Finance?

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EUROPEANS: MBA or Msc Finance? [#permalink] New post 22 Jul 2013, 03:50
Hi!

I know that these forums and the GMAT is primarily focused on by MBA aspirants; people from all around the world that want to go to an american b-school to get their MBA.

My question is more related to europeans, or people in general who aim at working In Europe.

1) Is the MBA as lucrative in Europe amongst employers as it is in the US? Would a MBA from a top US/EU school be a sensible investment in the long run if you intend to work in some of the finance sectors in Europe?

2) Having a Bachelors in Finance and having taken a a ton of finance courses in my undergrad, which degree would make more sense for me to take? MBA or Msc in Finance? Again, the goal is to work in banking (preferbly IB) either in London, Stockholm or a big city on the continent. However, the US is excluded.

Im asking this because, while the MBA's seem very sought after and attractive from an american POV, Im not hearing as much about MBA's in Europe, for europeans and for people aiming to work in Europe.
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Re: EUROPEANS: MBA or Msc Finance? [#permalink] New post 22 Jul 2013, 06:32
Being from the UK, I am probably well placed to answer your questions.

1. The short answer is no. In Europe, it is just simply not as common as in the US to leave your job to study fulltime for an MBA. There are exceptions like management consultancy for example. You still need an MBA to progress. That being said, there are quite a few Top 10 US b-school alums in banking for instance. However outside of the typical industries of MC and IB, it is not nearly as common.

2. I think it depends on your work experience. In my opinion, MFin is for those with limited work experience and MBAs are better suited for those with at least a few years worth of work exp. As for the relevance of the content, it is inevitable that some of the courses will be irrelevant e.g. accounting for CPAs.
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Re: EUROPEANS: MBA or Msc Finance? [#permalink] New post 23 Jul 2013, 01:59
domotron wrote:
Being from the UK, I am probably well placed to answer your questions.

1. The short answer is no. In Europe, it is just simply not as common as in the US to leave your job to study fulltime for an MBA. There are exceptions like management consultancy for example. You still need an MBA to progress. That being said, there are quite a few Top 10 US b-school alums in banking for instance. However outside of the typical industries of MC and IB, it is not nearly as common.

2. I think it depends on your work experience. In my opinion, MFin is for those with limited work experience and MBAs are better suited for those with at least a few years worth of work exp. As for the relevance of the content, it is inevitable that some of the courses will be irrelevant e.g. accounting for CPAs.


Excellent post - thank you!

I have 3 years of pretty unqualified work experience (read: "worked at a local bank back at home before going to college for my undergrad, each summer I go back to said bank to work for 2 more months"), so I don't know if that constitutes "limited" work experience or not. As I interpret what you're saying, and MBA - all else equal - is more attractive to employers than a MscFi, is that so?

As it is right now, Stockholm School of Economics offers a 2 year MscFi, Im on the fence on whether I should pursue getting accepted there (for no tuition cost at all - Swedes don't pay for school), or pursue a 2 year MBA in a top 5 b-school (the only ones I would consider in the US would be H/W/S, in Europe would be LBS) which would incur hefty tuition and opportunity costs...

So Im trying to weight which of the two options would be a) viable for me and b) economically sound for me.
Re: EUROPEANS: MBA or Msc Finance?   [#permalink] 23 Jul 2013, 01:59
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