Master’s in finance or MBA?
Hi everyone,
I’m seeking some advice as I approach graduation next June with a focus on entering the investment banking field. I’ve completed a few finance internships and built financial models from scratch, which has solidified my interest in this area.
My current dilemma is whether I should pursue a Master’s in finance or an MBA. I prefer to continue my studies rather than enter the workforce right away. However, I’m concerned that if I choose to work first and then pursue an MBA, it might limit my chances of getting into top programs later on.
I’m fully committed to a career in investment banking and am actively building relevant skills. Should I pursue a Master’s in Finance right after my undergrad, or would it be wiser to gain some experience in finance first and then decide if an MBA is the right path for me?
For context, I’m currently preparing for the GMAT and plan to pursue the CFA after my undergraduate degree, whether I choose a Master’s or an MBA.
I would really appreciate any recommendations or insights you might have! Thank you!
One response
It’s great to hear that you have a clear goal of entering investment banking and that you’ve already gained some valuable experience through internships. Both a Master’s in finance and an MBA can be beneficial, but they serve different purposes and cater to different paths. Here are some points to consider:
Master’s in Finance
MBA
Recommendations
Consider Your Timeline: Since you don’t intend to work immediately after your undergraduate degree, pursuing a Master’s in Finance could be a good choice. You can focus on building skills directly relevant to investment banking without the diversion of broader business education.
Experience is Key: If you later decide you want to pursue an MBA, consider working for a couple of years first. Real-world experience can strengthen your MBA application and clarify your career goals.
CFA Preparation: Since you’re planning to take the CFA exam, this could also enhance your profile, regardless of whether you choose an MFin or an MBA.
Research Programs: Look into various Master’s in Finance and MBA programs to understand their curriculums, placement statistics, and how they align with your career aspirations in investment banking.
In summary, if you’re set on investment banking and want specialized knowledge, a Master’s in Finance could be a good fit. If you’re open to exploring broader opportunities in the future, consider aligning your post-graduate studies with your career path and gaining some work experience first. Good luck!