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SudsMeister
![MBA vs MFin/MFE [to get into IB]](https://cdn.gmatclub.com/cdn/files/forum/styles/gmatclub_light/imageset/icon_post_target_unread.svg "MBA vs MFin/MFE [to get into IB]"){kind=icon}
14 Dec 2019, 02:59
Kudos
Bookmarks
Hi,
I (Male, Age - 24) am looking to change sectors and get into IB (London/NY).
Background: B.Com(Hons.) [SRCC] - 79% , CFA L3 passed, GMAT - 750 (Q50V42), 1 year at Barclays as finance analyst, 2 years at Teach For India (NGO -Education).
I need help:
1) Should I opt for MBA or for MFin/MFE? (aim is to get into IB)
2) What are the target MBA or MFin/MFE schools for IB?
Programmes I am looking forward to:
MBA - Columbia, Chicago Booth, NYU, Cornell, LBS, MIT.
MFin/MFE - Columbia, Princeton, MIT, LBS.
3) What schools can be added to the list?
4) Should I even aim for HBS/Stanford/Wharton?]
I (Male, Age - 24) am looking to change sectors and get into IB (London/NY).
Background: B.Com(Hons.) [SRCC] - 79% , CFA L3 passed, GMAT - 750 (Q50V42), 1 year at Barclays as finance analyst, 2 years at Teach For India (NGO -Education).
I need help:
1) Should I opt for MBA or for MFin/MFE? (aim is to get into IB)
2) What are the target MBA or MFin/MFE schools for IB?
Programmes I am looking forward to:
MBA - Columbia, Chicago Booth, NYU, Cornell, LBS, MIT.
MFin/MFE - Columbia, Princeton, MIT, LBS.
3) What schools can be added to the list?
4) Should I even aim for HBS/Stanford/Wharton?]
16 Dec 2019, 21:44
Kudos
Bookmarks
Hi SudsMeister, thanks for reaching out with your questions, and will do my best to help even though we focus mostly on the MBA side.
I think either degree could lead you to IB. Starting positions/salaries may vary though since MFin students are typically less experienced, roles may be at the Analyst vs. Associate level. Another difference is that MFin is shorter and more focused, so that makes it harder to make a big career switch through the program. If you have taken some finance coursework (assume you have since it was Commerce) and have some finance experience, then I think that switch would be doable. The MFin could also be more limiting down the road, whereas the MBA could open doors to other options beyond IB or finance roles, in case that's a possibility for you.
For the MBA targets, I think you narrowed in on the most well known programs. Could also add Darden, Duke, Yale, Ross to your list. For the MFin targets, those are the top ones, and you'll find many more in Europe than the US. A few others in the US could be Texas, Illinois, or Wash U.
You have a great GMAT and the CFA is a nice boost too. I worry that your GPA could be too low for H/S/W. You could give one of them a shot as a reach (I'd probably go with Wharton since odds are slightly better there) but set your expectations accordingly
Good luck!
Kate
I think either degree could lead you to IB. Starting positions/salaries may vary though since MFin students are typically less experienced, roles may be at the Analyst vs. Associate level. Another difference is that MFin is shorter and more focused, so that makes it harder to make a big career switch through the program. If you have taken some finance coursework (assume you have since it was Commerce) and have some finance experience, then I think that switch would be doable. The MFin could also be more limiting down the road, whereas the MBA could open doors to other options beyond IB or finance roles, in case that's a possibility for you.
For the MBA targets, I think you narrowed in on the most well known programs. Could also add Darden, Duke, Yale, Ross to your list. For the MFin targets, those are the top ones, and you'll find many more in Europe than the US. A few others in the US could be Texas, Illinois, or Wash U.
You have a great GMAT and the CFA is a nice boost too. I worry that your GPA could be too low for H/S/W. You could give one of them a shot as a reach (I'd probably go with Wharton since odds are slightly better there) but set your expectations accordingly
Good luck!
Kate
SudsMeister
Hi,
I (Male, Age - 24) am looking to change sectors and get into IB (London/NY).
Background: B.Com(Hons.) [SRCC] - 79% , CFA L3 passed, GMAT - 750 (Q50V42), 1 year at Barclays as finance analyst, 2 years at Teach For India (NGO -Education).
I need help:
1) Should I opt for MBA or for MFin/MFE? (aim is to get into IB)
2) What are the target MBA or MFin/MFE schools for IB?
Programmes I am looking forward to:
MBA - Columbia, Chicago Booth, NYU, Cornell, LBS, MIT.
MFin/MFE - Columbia, Princeton, MIT, LBS.
3) What schools can be added to the list?
4) Should I even aim for HBS/Stanford/Wharton?]
I (Male, Age - 24) am looking to change sectors and get into IB (London/NY).
Background: B.Com(Hons.) [SRCC] - 79% , CFA L3 passed, GMAT - 750 (Q50V42), 1 year at Barclays as finance analyst, 2 years at Teach For India (NGO -Education).
I need help:
1) Should I opt for MBA or for MFin/MFE? (aim is to get into IB)
2) What are the target MBA or MFin/MFE schools for IB?
Programmes I am looking forward to:
MBA - Columbia, Chicago Booth, NYU, Cornell, LBS, MIT.
MFin/MFE - Columbia, Princeton, MIT, LBS.
3) What schools can be added to the list?
4) Should I even aim for HBS/Stanford/Wharton?]
SudsMeister
16 Dec 2019, 22:27
Kudos
Bookmarks
mbaMissionKate
Could also add Darden, Duke, Yale, Ross to your list. For the MFin targets, those are the top ones, and you'll find many more in Europe than the US. A few others in the US could be Texas, Illinois, or Wash U.
You have a great GMAT and the CFA is a nice boost too. I worry that your GPA could be too low for H/S/W. You could give one of them a shot as a reach (I'd probably go with Wharton since odds are slightly better there) but set your expectations accordingly
Good luck!
Kate
Hi Kate,You have a great GMAT and the CFA is a nice boost too. I worry that your GPA could be too low for H/S/W. You could give one of them a shot as a reach (I'd probably go with Wharton since odds are slightly better there) but set your expectations accordingly
Good luck!
Kate
Thank you so much for the assessment.
I am limiting myself to 4 B-Schools (MBA) in R2 so that the quality of the applications do not take a dip.
Which four schools should I aim at, the priorities being:
1) Odds of getting through (given my GPA and work-ex)
2) The school being a target school for IB
The list of schools to choose from as of now is:
Wharton, Columbia, Chicago Booth, NYU, Cornell, LBS, MIT, Darden, Duke, Yale, Ross.
Best
Sudarshan
