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wolves5
Joined: 21 Jan 2015
Last visit: 18 Mar 2020
Posts: 37
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Location: United States
Schools: Booth PT '20
GMAT 1: 660 Q44 V38
GPA: 3.2
15 Jul 2015, 18:49
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My undergraduate degree is a Bachelors in Health Science. I am trying to get into B school and am currently working as a credit underwriter. I wanted to know what is the difference between getting an MBA vs getting a Masters in Finance? I am interested in investment banking as well as data analysis. What are the benefits of getting MBA vs Masters in Finance? Is one recommended for top tier firms? Also, GMAT or GRE? I have been researching and they tell me GRE is accepted, but are my chances better if I take the GMAT? If I take the GRE, I know that I will do good. I have taken a GMAT and score was 490. Would GRE be accepted in my case? Any help is appreciated! Thanks!
15 Jul 2015, 22:21
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Dear Wolves5,
You can't/shouldn't really think of MBA or MFin - not an apples to apples comparison. The arguments here, though not for MFin, still hold good in support of this assertion.
Most schools accept the GRE. We did an analysis a while back on whether the bar is lower, and it does seem to be the case. Check here. Also check for a direct response to your question of which is better, GRE or GMAT.
Hope this helps
You can't/shouldn't really think of MBA or MFin - not an apples to apples comparison. The arguments here, though not for MFin, still hold good in support of this assertion.
Most schools accept the GRE. We did an analysis a while back on whether the bar is lower, and it does seem to be the case. Check here. Also check for a direct response to your question of which is better, GRE or GMAT.
Hope this helps
PersonalMBACoach
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Status:Boutique MBA Admissions Consulting from a Wharton graduate - Helping applicants get into top global business schools since 2008
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Expert reply
16 Jul 2015, 09:26
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Wolves5,
Thanks for the post. While the MFin is focused more on finance and you learn specific and relevant hard skills, it's not as advanced of a degree as an MBA, thus you would do better recruiting coming out of an MBA program. Additionally, the MBA gives you more options down the line whereas you are more limited with a MFin.
In terms of GMAT vs GRE, they are both accepted at most of the programs so either would work. That said, I still prefer the GMAT all things being equal. In your case, I would want to learn more about your study experience to see how well you could do on the GMAT. Certainly it's better to apply with a good GRE vs lower GMAT.
Where do you work now and what schools are you targeting?
What do you do outside of work?
Undergrad school and GPA?
Feel free to reach out for more specific guidance or help structuring your story. [email protected]
Good luck!
Thanks for the post. While the MFin is focused more on finance and you learn specific and relevant hard skills, it's not as advanced of a degree as an MBA, thus you would do better recruiting coming out of an MBA program. Additionally, the MBA gives you more options down the line whereas you are more limited with a MFin.
In terms of GMAT vs GRE, they are both accepted at most of the programs so either would work. That said, I still prefer the GMAT all things being equal. In your case, I would want to learn more about your study experience to see how well you could do on the GMAT. Certainly it's better to apply with a good GRE vs lower GMAT.
Where do you work now and what schools are you targeting?
What do you do outside of work?
Undergrad school and GPA?
Feel free to reach out for more specific guidance or help structuring your story. [email protected]
Good luck!
