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2013 LBS MiF Applicants welcome!

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laman
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2013 LBS MiF Applicants welcome! [#permalink] New post   10 Jul 2012, 13:05
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Dear All,

If you are planning to apply to 2013 LBS MiF intake as current students we (me and rwkTX) would be happy to answer questions you might have. This is a long and sometimes exhausting journey and it is our pleasure to provide information, share some tips and tricks and simply support you.

Some key links:
Official site of the Programme: https://www.london.edu/programmes/mastersinfinance.html

Stage deadlines for the August 2013 intake:
StageApplication complete byInterview decision byAdmissions decision by
109 October 201202 November 201221 December 2012
213 November 201207 December 201225 January 2013
308 January 201301 February 201322 March 2013
412 March 201312 April 201317 May 2013
530 April 201331 May 201305 July 2013


CV review service
I would strongly recommend to submit your CV for review before the actual application. You will receive a feedback from Peter Johnson if you are encouraged to apply. More details can be found here: https://www.london.edu/programmes/mif/applying.html (go to "Want to know if I'm eligible for MiF" section). Please note that encouragement does not guarantee a place on the Programme, as CV is only a part of application, however it might save you enormous amount of time and efforts in case if you are not ready for the Programme yet. Personal experience: I applied for this service in 2008 and was advised to gain more experience before application, did so, applied again in 2012, was encouraged, passed through the selection process and now I'm here.

We will summarize key insights from 2012 intake topic for convenience in later posts. I will also move all relevant posts from 2012 intake topic here.



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Archived LBS Discussion
Hi there,
You've stumbled upon an old discussion from our LBS Forum that's now outdated and has been archived. No more replies are possible here.
Interested in current discussions? Feel free to dive into our dedicated LBS Forum for all fresh things related to the LBS MBA program.
Thank you for understanding, and happy exploring!
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svnitparas
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   28 Jul 2012, 01:00
Hi All,

Can you please evaluate my profile and suggest if I stand any chance for LBS MIF program.
I am targeting LBS MIf Aug 2013.

Gmat: 720
WEX: 6 Yrs (Business Analyst in IB)
FRM (GARP)
CFA Level 1 Cleared
No International Experience
Grad: Engineer (8.4/10)

My only apprehension is regarding my job profile. My total WEX is in technology division of leading Investment banks and I have heard that LBS mif prefers pure finance profiles.

Please suggest if I should apply or not, also if I can improve my profile for MIF in any way.

Many Thanks
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   29 Jul 2012, 10:11
Hello All! Applying for August 2013. :)

Age - 32 years
Experience - 8+ years, including 5 years international experience in Transaction Advisory Services
Certificate - CFA Charter
Undergraduate - First Class Honors in Accounting
GMAT - 720 (q50, v37)
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rwkTX
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   04 Aug 2012, 04:13
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Ranjan121 wrote:
Guys i will be submitting an application for August 2013 MiF FT . Just wanted to know while you apply do you need to arrange sending transcripts along with your application or a scan of your all mark sheets would do. And you arrange to submit the transcripts from college at a later stage.
The above issue is clearly mentioned in FAQs for MBA at LBS. However, the same is missing in FAQs for MiF.

And lastly i request all admits to share their personal statement writing strategy's and interview experience. It will be beneficial tool for all future applicants.



Ranjan121,
You submit an unofficial transcript along with your application. If admitted, then they will ask you to provide an official copy by mail or to bring it to school with you when you register for verification. I don't believe that mark sheets are sufficient, but a scanned copy of an official transcript would be.

There are links on previous pages that recap interview and essay experiences that you should read. If you have more specific questions, then please repost them. My only high-level advice at this point is to be clear about what your goals are and how you think the program will help you to achieve them. The school seems to have designed the application process to weed out people who are unsure of their goals or who are applying to the program just for the LBS name instead of for the benefits unique to the program.
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rwkTX
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   04 Aug 2012, 04:16
svnitparas wrote:
Hi All,

Can you please evaluate my profile and suggest if I stand any chance for LBS MIF program.
I am targeting LBS MIf Aug 2013.

Gmat: 720
WEX: 6 Yrs (Business Analyst in IB)
FRM (GARP)
CFA Level 1 Cleared
No International Experience
Grad: Engineer (8.4/10)

My only apprehension is regarding my job profile. My total WEX is in technology division of leading Investment banks and I have heard that LBS mif prefers pure finance profiles.

Please suggest if I should apply or not, also if I can improve my profile for MIF in any way.

Many Thanks


You should submit your CV to the program for review at this link https://www.london.edu/programmes/mif/ap ... html#h8327.

In terms of improving your profile, you want to focus on your personal statements and interview as chances to make yourself stand out from other technology-heavy candidates who will apply. They also place a heavy emphasis on people who are up-to-speed on current events in the financial markets and suggest that all students read the economist and the financial times consistently. If you are not doing this already, I would start now.

RK
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rwkTX
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   04 Aug 2012, 04:17
Pradhu wrote:
Hello All! Applying for August 2013. :)

Age - 32 years
Experience - 8+ years, including 5 years international experience in Transaction Advisory Services
Certificate - CFA Charter
Undergraduate - First Class Honors in Accounting
GMAT - 720 (q50, v37)


Good luck to you!
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sunnyk
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   08 Aug 2012, 08:35
Hi all, another August 2013 hopeful :)

About myself:
WE: ~5 years buy-side investment research
CFA charterholder
GMAT: 730 (Q50, V39)
Undergraduate: economics, study abroad

Has anyone tried applying? I clicked on the green "Apply: Full-time format" button and it just took me to page asking me to update my info and not going anywhere after that. Maybe something's wrong with my browser or they haven't update website yet. (Or I'm just that dumb and couldn't find the link!)
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rwkTX
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   08 Aug 2012, 11:17
sunnyk wrote:
Hi all, another August 2013 hopeful :)

About myself:
WE: ~5 years buy-side investment research
CFA charterholder
GMAT: 730 (Q50, V39)
Undergraduate: economics, study abroad

Has anyone tried applying? I clicked on the green "Apply: Full-time format" button and it just took me to page asking me to update my info and not going anywhere after that. Maybe something's wrong with my browser or they haven't update website yet. (Or I'm just that dumb and couldn't find the link!)


Sunny,
It is likely that they haven't put the class of 2014 application on the website yet. I know that the admissions and program teams are very busy getting ready for the start of this year's classes on 20 August. I would check back in a week or two and you will probably have better luck.

RK
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rwkTX
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   15 Aug 2012, 03:25
sunnyk wrote:
Hi all, another August 2013 hopeful :)

About myself:
WE: ~5 years buy-side investment research
CFA charterholder
GMAT: 730 (Q50, V39)
Undergraduate: economics, study abroad

Has anyone tried applying? I clicked on the green "Apply: Full-time format" button and it just took me to page asking me to update my info and not going anywhere after that. Maybe something's wrong with my browser or they haven't update website yet. (Or I'm just that dumb and couldn't find the link!)


SunnyK and others,
It looks like the application may be active now. You can find it by following this link:

https://www.london.edu/register/do?prog ... gory=apply
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RustyRyan
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   28 Aug 2012, 08:20
Hi laman,

Great to see that you're going to help out ... Guess, I was one of the first blokes to apply for 2013 admissions ...

A brief of my profile:

Indian Male, 26 yrs
Undergrad in Engineering - B.Tech. Computer Science
Worked 2 yrs in IT product development
Last 3+ yrs in Financial services
GMAT - 720

I've submitted about 2 weeks ago, and have been told that they haven't yet started the shortlisting process as yet :)

Thanks
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laszlo
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   28 Aug 2012, 10:38
Dear All,

I'm planning to apply for the 2013 MiF full time programme in R1. I have already got my 'you are encouraged to apply' email from the admission. My concern is the lack of HSBC loan financing. Peter Johnson emailed me that it is currently unavailable but they are working on it... To tell the truth, I'm afraid to submit application because without a bank loan I won't be able to finance the course. So even if I get admitted in December it may turn out that LBS hasn't negotiated any scheme with HSBC yet I will have to withdraw from the programme... In that case, what's the point in applying if I can't arrange the funding? Could any 2012 MiF admits tell me their experience with this? How did it go last year?

Many thanks!
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rwkTX
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   28 Aug 2012, 14:44
lbkova wrote:
Dear All,

I'm planning to apply for the 2013 MiF full time programme in R1. I have already got my 'you are encouraged to apply' email from the admission. My concern is the lack of HSBC loan financing. Peter Johnson emailed me that it is currently unavailable but they are working on it... To tell the truth, I'm afraid to submit application because without a bank loan I won't be able to finance the course. So even if I get admitted in December it may turn out that LBS hasn't negotiated any scheme with HSBC yet I will have to withdraw from the programme... In that case, what's the point in applying if I can't arrange the funding? Could any 2012 MiF admits tell me their experience with this? How did it go last year?

Many thanks!


lbkova,
the HSBC process was not smooth for this year's class. it was beyond the school's control but still caused a lot of stress for many students. I know they are working to try to avoid the same issues in the coming year, but there are no guarantees that it will be any smoother.

Personally, I would not let this discourage you from applying though. It is probably safer to have a decision from the school well in advance than to wait to apply once the loan scheme is set. I don't know for sure but expect that if you needed the HSBC loan to finance the course, you could probably delay paying the acceptance fee or get a refund if accepted and the loan program falls through for some reason.

RK
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laman
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GMAT 1: 660 Q46 V35
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   28 Aug 2012, 14:59
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There are couple of things you need to know about funding anyway:
1) the commitment fee of 1250gbp is non-refundable anyway and due in 28 days after the offer is made
2) the reservation fee of 10200gbp guarantees your place on the program. Based on past years' loan scheme rules, it still should be covered by yourself. Logic assumes that any student should contribute at least 30% of his/her own funds to cover the tuition fee.

So 12450gbp is the rough amount you'll need in 2 months within date of your offer anyway (rough because tuition fees vary from year to year, this is based on our current figure). Scholarships which are announced in late June/July also help amazingly. And finally there might be other funding opprtunities if school is successful in negotiations. Anyway I think that you do not lose anything at the stage of application... If you get admitted there certainly be some way out (i truly believe in it as I've found mine out of absolutely desperate situation). Good luck! :)
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laszlo
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   01 Sep 2012, 11:47
Dear All,

Thank you for your encouragement! I will certainly apply (I cannot lose anything with that) and if I'm accepted I will see how things shape up.
A couple of remarks to laman:

1. So based on your information the maximum loan amount is roughly 24k GBP if I have to contribute 30% of the tuition fee? I guess you cannot take out a loan for your living expenses?
2. I agree that scholarship help amazingly, but simply you have no chance to get them. For the FT MiF program, there are like 10 scholarships for more than 120 students. That does not cover even 10% of the students. I don't think you can serious rely on getting one of them... By the way, in my country there are absolutely no scholarships or whatever loan schemes for such purposes.

Anyway, just a few more questions occurred to me:

1. How do you see your employment opportunities during the present crisis in London?
2. How many of you plan to opt for the 16-month program?
3. Do you think that internships will help raise the current 84% in 4 months employment report figure?

Thank you and all the best,

lbkova
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   04 Sep 2012, 09:03
Hi Laman,

for the personal statement, they says that we're not to delete any questions. However, in the section about commitment and support they list 2 separate questions for full-time and part-time applicants. Since I'm applying for full-time programme, would it be ok to delete the part-time question then? I wouldn't mind having more space for other questions:)

Also I'd like to say thank you for both starting the old thread & this one, and for sticking around and answering questions. Your generosity is much appreciated.
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rwkTX
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   04 Sep 2012, 09:40
sunnyk wrote:
Hi Laman,

for the personal statement, they says that we're not to delete any questions. However, in the section about commitment and support they list 2 separate questions for full-time and part-time applicants. Since I'm applying for full-time programme, would it be ok to delete the part-time question then? I wouldn't mind having more space for other questions:)

Also I'd like to say thank you for both starting the old thread & this one, and for sticking around and answering questions. Your generosity is much appreciated.



Sunnyk,
I would not remove any of the questions or other lines. Laman and I discussed this with Peter Johnson when we first arrived. They are very interested in succinct answers.

RK
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laman
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   04 Sep 2012, 14:45
As HSBC loan scheme stands currently, they offer 17000gbp to cover tuition fees and 13000gbp for living expenses. Please note that you cannot take for example loan for living expenses and contribute it to the tuition fee.

Re scholarship: it is hard but you should not think that it is impossible. For example, both me and Ryan are scholarship winners :) I would not be able to make it here now without a scholarship... and it is a great opportunity provided by school which should really seriously be taken into consideration for people with funding problems. You can pm me for more detailed discussion if you wish.

Regarding your last 3 questions, I'm afraid I'm the wrong person to advice as I'll be getting back to my home country anyway. But we can make a small poll in class to check what our classmates think about it :)

lbkova wrote:
Dear All,

Thank you for your encouragement! I will certainly apply (I cannot lose anything with that) and if I'm accepted I will see how things shape up.
A couple of remarks to laman:

1. So based on your information the maximum loan amount is roughly 24k GBP if I have to contribute 30% of the tuition fee? I guess you cannot take out a loan for your living expenses?
2. I agree that scholarship help amazingly, but simply you have no chance to get them. For the FT MiF program, there are like 10 scholarships for more than 120 students. That does not cover even 10% of the students. I don't think you can serious rely on getting one of them... By the way, in my country there are absolutely no scholarships or whatever loan schemes for such purposes.

Anyway, just a few more questions occurred to me:

1. How do you see your employment opportunities during the present crisis in London?
2. How many of you plan to opt for the 16-month program?
3. Do you think that internships will help raise the current 84% in 4 months employment report figure?

Thank you and all the best,

lbkova
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laszlo
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GMAT 2: 710 Q49 V38
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   06 Sep 2012, 08:37
Dear Laman,

Thank you for your kindness! Could you please pm me your availabilities? I don't seem to be able to send any pms...

Best regards,

lbkova
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akkica
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   06 Sep 2012, 19:38
Hi

Can someone help me in getting an estimate of the total cost of MIF program at LBS including tuition fees and living expenses? What scholarships are available for the same?
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rwkTX
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Re: 2013 LBS MiF Applicants welcome! [#permalink] New post   06 Sep 2012, 23:22
akkica wrote:
Hi

Can someone help me in getting an estimate of the total cost of MIF program at LBS including tuition fees and living expenses? What scholarships are available for the same?


Akkica,
Here is the living expense budget that the school suggests:
https://www.london.edu/programmes/budget ... enses.html

Information about the tuition and available scholarships is here:
https://www.london.edu/programmes/mif/fe ... ncing.html

If you have more specific questions please let us know.

RK
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Re: 2013 LBS MiF Applicants welcome! [#permalink]
06 Sep 2012, 23:22
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