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MSc offer from Bocconi, Warwick or LSE?

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MSc from Bocconi, Warwick or LSE?

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MSc offer from Bocconi, Warwick or LSE?  [#permalink]

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New post 02 Mar 2019, 02:49
Hi guys!

I received offers from these universities (all of which I am still considering):
• Bocconi - MSc Finance (2 years)
• Warwick - MSc Economics and International Financial Economics (1 years)
• LSE - Applicable Mathematics (1 years)

I know, these programmes are quite unrelated. What they have in common is that all these three programmes have a reputation for being quant heavy - exactly what I like. I was (and still am) quite confused on what I is the best career trajectory for me right now. Although I know that I would really like to work for organisations such as IMF, World Bank, ECB (or other government org) in the future, one of my biggest priorities right now is that I NEED some big bucks soon as I am totally all by myself with almost zero financial support outside of university (and some school debt I need to repay). I am still considering a PhD in some relatively quantitative field (it would help if I want to work for any of the aforementioned organisations) and all three universities seem to give a good foundation for a PhD. Financially, all three options are roughly the same when taking into consideration the scholarships and living costs.

As for my background, I am female, second generation Italian (ethnically Chinese) and multilingual (Italian, English, Chinese and some French). I recently graduated with a Bachelor in Economics (High Distinction average) from a reputable university, but I don't have much professional experience or relevant internships. I just started working as a tax consultant for a Big 4 accounting firm and would like to work in some big European city (such as London, possibly not in Italy) after my master.

Regarding the three programmes, here are my thoughts:
Bocconi MSc Finance: It's Bocconi's flagship course and lasts two years. This means that I'll have more chance to secure a graduate job in the finance industry (a relative safe way to solve my money issue, although the two-year duration also means higher opportunity cost time-wise). But I've also read somewhere that big banks recruit from Bocconi MSc Finance only to meet the Italian-speakers quota. I honestly don't know much about the finance industry in Europe, but do you guys think that being an Asian, female and Italian speaker hinder the chances of getting a front office role when it comes to recruiting?
Warwick MSc Economics and International Financial Economics: Warwick's Economics department is quite reputable. There's mix of graduates who go straight to industry (IB or governmental org) or decide to do a PhD.
LSE Applicable Mathematics: Reputation wise, LSE is the best. The course will allow me to take courses from the Department of Economics as well. From the brochure, there are students who got into quant finance roles, ECB or other governmental roles, PhD in some quantitative fields such as computer science.

So given this information, how would you guys rank these three offers? Any advice/comment/insights would be very much appreciated!

Thanks a lot! :)
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Re: MSc offer from Bocconi, Warwick or LSE?  [#permalink]

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New post 03 Mar 2019, 02:33
Anyone?
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Re: MSc offer from Bocconi, Warwick or LSE?  [#permalink]

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New post 03 Mar 2019, 12:13
1
fcri wrote:
Hi guys!

I received offers from these universities (all of which I am still considering):
• Bocconi - MSc Finance (2 years)
• Warwick - MSc Economics and International Financial Economics (1 years)
• LSE - Applicable Mathematics (1 years)

I know, these programmes are quite unrelated. What they have in common is that all these three programmes have a reputation for being quant heavy - exactly what I like. I was (and still am) quite confused on what I is the best career trajectory for me right now. Although I know that I would really like to work for organisations such as IMF, World Bank, ECB (or other government org) in the future, one of my biggest priorities right now is that I NEED some big bucks soon as I am totally all by myself with almost zero financial support outside of university (and some school debt I need to repay). I am still considering a PhD in some relatively quantitative field (it would help if I want to work for any of the aforementioned organisations) and all three universities seem to give a good foundation for a PhD. Financially, all three options are roughly the same when taking into consideration the scholarships and living costs.

As for my background, I am female, second generation Italian (ethnically Chinese) and multilingual (Italian, English, Chinese and some French). I recently graduated with a Bachelor in Economics (High Distinction average) from a reputable university, but I don't have much professional experience or relevant internships. I just started working as a tax consultant for a Big 4 accounting firm and would like to work in some big European city (such as London, possibly not in Italy) after my master.

Regarding the three programmes, here are my thoughts:
Bocconi MSc Finance: It's Bocconi's flagship course and lasts two years. This means that I'll have more chance to secure a graduate job in the finance industry (a relative safe way to solve my money issue, although the two-year duration also means higher opportunity cost time-wise). But I've also read somewhere that big banks recruit from Bocconi MSc Finance only to meet the Italian-speakers quota. I honestly don't know much about the finance industry in Europe, but do you guys think that being an Asian, female and Italian speaker hinder the chances of getting a front office role when it comes to recruiting?
Warwick MSc Economics and International Financial Economics: Warwick's Economics department is quite reputable. There's mix of graduates who go straight to industry (IB or governmental org) or decide to do a PhD.
LSE Applicable Mathematics: Reputation wise, LSE is the best. The course will allow me to take courses from the Department of Economics as well. From the brochure, there are students who got into quant finance roles, ECB or other governmental roles, PhD in some quantitative fields such as computer science.

So given this information, how would you guys rank these three offers? Any advice/comment/insights would be very much appreciated!

Thanks a lot! :)



Hello fcri

Congrats on admission :thumbup:

Lets rule out Bocconi immediately, not only because it is not aligned with your longer term goals, but also it is weakest program here.

Now it easy to see that LSE is the best here option, not only by brand, but from program perspective, even in your specific case nothing changes.

LSE Applicable Mathematics is by far best program preparation for Quant job here and working later in Finance industry.

It is also by far best prep program for PhD in Finance, if you ever decide to follow that path.

I dont really see what is there to think it is no brainier.

Finally it is also best get in for IMF, World Bank, ECB etc.

You want to work in London, furthermore ;)


Ranks:

LSE
Warwick
Bocconi


Good Luck with LSE and becoming a quant :geek: :cool:
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Re: MSc offer from Bocconi, Warwick or LSE?  [#permalink]

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New post 05 Mar 2019, 13:45
1
I do also vote for LSE because of its brand, reputation, access to London's financial district (although a lot will depend on brexit), strength of the program and faculty.

Whichever way you decide to go you'll need to network heavily, 1 year is quite often not enough.

I do want to add that Bocconi is a very reputable school in Europe and even in London. I noticed that BB banks and boutiques hire a lot of people from Bocconi when it comes to hiring from the mainland Europe. If it's for a top City firm I'd put it in this order (feeder schools): OxBridge, Imperial, LSE, Warwick/UCL/Bristol/Nottingham/Bocconi. City firms love Imperial due to the strength of its Engineering and Science programs, banks love hiring there. So about Bocconi - I'd say it's the top feeder for finance and consulting from Europe, then St.Gallen, ETH Zurich, Grand Ecoles, Polytechnic U of Milan and top Dutch unies.

I personally think you can't go wrong with any, Warwick is too a top school. LSE just gives the access to City in case you decide to recruit for IB front office roles and later transition to IMF/ECB.

I'm also wondering why you don't try to go for PhD directly, without detouring the master's. It's plausible.

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Re: MSc offer from Bocconi, Warwick or LSE?  [#permalink]

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New post 07 Mar 2019, 09:03
mcwlalcott wrote:
I do also vote for LSE because of its brand, reputation, access to London's financial district (although a lot will depend on brexit), strength of the program and faculty.

Whichever way you decide to go you'll need to network heavily, 1 year is quite often not enough.

I do want to add that Bocconi is a very reputable school in Europe and even in London. I noticed that BB banks and boutiques hire a lot of people from Bocconi when it comes to hiring from the mainland Europe. If it's for a top City firm I'd put it in this order (feeder schools): OxBridge, Imperial, LSE, Warwick/UCL/Bristol/Nottingham/Bocconi. City firms love Imperial due to the strength of its Engineering and Science programs, banks love hiring there. So about Bocconi - I'd say it's the top feeder for finance and consulting from Europe, then St.Gallen, ETH Zurich, Grand Ecoles, Polytechnic U of Milan and top Dutch unies.

I personally think you can't go wrong with any, Warwick is too a top school. LSE just gives the access to City in case you decide to recruit for IB front office roles and later transition to IMF/ECB.

I'm also wondering why you don't try to go for PhD directly, without detouring the master's. It's plausible.

Posted from my mobile device



Hei mcwlalcott, thank you so much for your input! Also thanks for mentioning Imperial, to which I did apply but haven't got a reply yet.
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Re: MSc offer from Bocconi, Warwick or LSE?   [#permalink] 07 Mar 2019, 09:03
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