Monday, February 28, 2011

Is an MSc in Finance or Economics worthwhile for a U.S. student


Is an MSc in Finance or Economics worthwhile for a U.S. student?
I want to work in the financial sector (to help clean up the mess :)), but most MBA programs require 3-4 years of "quality" work experience. I'm not sure I'm going to achieve that, at least not for a long time, with a Political Science degree from a regional school during a recession. I'd like to go to Europe and get an MSc in Finance from a school like Instituto de Empresa in Spain or LSE/Oxford/Imperial in the UK, work in that sector, then get an MBA later on to move into management. These schools are highly regarded in the Financial Times rankings. I'm concerned: Will I be "underemployed" in the U.S. by employers who don't pay attention to what happens outside their own country (let alone what European schools have to offer)? If so, do you think I'd have a better bet getting a job in China or Latin America with a European MSc? (I speak Spanish and some Portuguese but am good with languages so learning Chinese should take 2 years at most, so language should not be a concern)
Higher Education (University +) - 2 Answers

Random Answers, Critics, Comments, Opinions :
1
LSE/Oxford/Imperial/LBS (maybe Warwick/Cambridge, as well) are so highly regarded in the finance industry, especially LSE and LBS, that finding employment upon graduation will not be a problem. The entrance requirements to the finance programs at these institutions are so high that firms know that by recruiting from these places they are getting the best and the brightest. If you can afford the price tag you may also want to apply to some of the more prestigious schools in the US, since acceptance rates are so low it does not hurt to apply to one too many schools.


2
Most MBA programs prefer students with 2-3 years work experience after the first degree, but some accept students right out of college if they have good grades and a high GMAT score. Some MBA programs are designed specifically for new college graduates without work experience. Consult the Official MBA Guide. It's a comprehensive free public service with more than 2,000 MBA programs listed worldwide. It allows you to search for programs by location (US, Europe, Far East, etc.), by concentration (finance, marketing, aviation management, health management, accounting, etc.), by type of program (full-time, distance learning, part-time, executive, and accelerated), and by listing your own criteria and preferences to get a list of universities that satisfy your needs. Schools report their accreditation status, tuition cost, number of students, class sizes, program length, and a lot of other data. Schools provide data on entrance requirements, program costs, program characteristics, joint degrees, and much more. You can use the Guide to contact schools of your choice, examine their data, visit their web site, and send them pre applications. You can see lists of top 40 schools ranked by starting salaries of graduates, GMAT scores, and other criteria. It's the best service available at http://officialmbaguide.org.

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