kg29
Hello everyone, I recently received an offer of admission at Oxford's Master's in Financial Economics and IIM Bangalore's 2-year MBA program.
I am still in the third-year of my Bachelor's degree, but I have some full-time work experience at a small investment banking practice. My end goal is to work in a buy-side public equities fund. I will also prefer working outside India (but I don't mind commencing a career in India and then moving on).
the two institutions are quite close in their tuition fees so there is no financial consideration. I also understand that there is no direct comparison between these two degrees, and as such I could not find any great advice online. So it will be great to hear from you all here!
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I'd say that, if you can manage the difference in the cost of living (given that the tuition is approximately the same), Oxford would be a better bet given that you would like to gain some experience out of India.
In terms of academics, an MBA is more oriented to general management skills (even if you have a specialisation) which become more important after you start hitting mid-management roles. But, a master's in Financial Economics program is going to help develop hard skills that will be needed in front-end roles. From what I know, at MBA programs, people (who are interested in finance) often do additional training, apart from their general academics, to pick up these hard skills.
I would imagine that there would be more front-end opportunities in London given that it has a more developed financial market. (Sure, the competition could be higher as well). From what I hear, similar front-end roles in India are limited, and some of the ones that are in India (with the name brand organisations) need you to work in a support role to a trader in NY, London, HK, Singapore, etc.
If you have the time, connect with Alumni from these colleges who made it into roles and geographies you are interested in to understand and compare their journeys. Not all journeys are the same, but getting a first hand perspective always helps.
All in all, even with all things the same, going to the UK will give you a different kind of exposure and offer you a new perspective.