Is a Masters in Behavioral Finance worth it?
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22 May 2016, 05:35
Hi everyone!
I have a question here,
Do you have any info about the career paths that one can take with a Masters in Behavioral Finance?..
I am asking because now I am 30 years old, I have no experience in finance and my background is not quantitative.
I noticed that most Masters in Finance ask for a bunch of quantitative subjects from undergrad and I don't have those subjects, so my chances of being accepted are very slim. I got a 600 (Q44 V27 IR7) so not too impressive either.
Some universities offer Msc Behavioral Finance, so finance mixed with psychology to understand the irrational investor behavior.
Those universities say that the career paths are IB, PE, VC, bla bla, well, but that's what they all say...
My question is, do you think it's worth studying such an exotic field for a career change with no financial\economics background? Or it would be more appropriate for someone who already has experience, contacts and a clear career path and just needs this "add-on" to follow a very specific professional path?
The thing is that I guess I have better chances of getting accepted in Msc Beh Fin than in a "regular" Msc Finance, plus I would be studying a "different" field, so when i'd graduate I wouldn't have to compete with 1M other students who completed the same thing that I did, so there would be a differentiating factor there. Or I am wrong about the "being-different" thing and the employers don't need these specific fields? Maybe a general Msc Finance would suit me better?... When I google for "behavioral finance jobs" I don't see any offerings that ask specifically for Beh Fin.
I would be very grateful for your input on this one!
Cheers!