Considering a Gap Year Before Pursuing My Master’s?
Hi everyone,
I’m a final-year student at a semi-target university in the UK, and I’m feeling a bit uncertain about my next steps. This year hasn’t been easy in terms of recruitment, and I’ve struggled to secure interviews for roles in investment banking, which is my ultimate career goal. At the moment, I’m working part-time at a small boutique firm run by a former Goldman Sachs employee. While it’s not a paid position, I’m gaining valuable experience in presentations and paperwork, even if the pace of deals is slow.
As I contemplate applying for a master’s program, I have a few concerns holding me back:
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Academic Performance: I currently have a 2.2 GPA but am aiming to graduate with a low to mid 2.1. Given these grades, I’m not optimistic about gaining admission to programs like Oxford or LBS.
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Market Conditions: The current job market is quite challenging, and competition for top master’s programs seems to have intensified, especially in relation to investment banking recruitment.
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Deferred MBA Options: I’m considering applying for a deferred MBA program, which would give me some extra time to prepare for the GRE. It seems that master’s students are eligible to apply for such programs.
Taking a year out could alleviate some of the pressure I’m feeling. I could focus on improving my university performance, apply for off-cycle roles, and utilize this time to study for the GRE and prepare for technical interviews.
Additionally, regarding any potential gaps in my CV, I could explain that I was involved with the boutique firm throughout that year.
Ultimately, I believe that a gap year would provide me with a stronger foundation, allowing me to enter a master’s program better equipped to succeed in a more favorable market for investment banking recruitment.
What do you all think? Would this be a wise move?
One response
It sounds like you’re in a tough spot, but it’s great that you’re thinking critically about your options. Here’s what I think:
Taking a Year Out: This could actually be a wise decision for you, especially given your situation. A year can provide you with the breathing room to boost your grades, gain relevant experience, and prepare for the GRE. Moreover, it can help you refine your understanding of the field and your career goals, which will be valuable in your applications.
Working Experience: While you’re at the boutique firm, make the most of your time there. Even if the deals are slow, focus on gaining as much knowledge and networking as possible. Try to take on more responsibilities or ask for additional tasks that can enhance your skill set. This experience, even if unpaid, can be framed positively on your CV, especially when discussing the insights you’ve gained about investment banking.
GRE Preparation: Having dedicated time to prepare for the GRE could significantly improve your chances of being accepted into top master’s programs. A good score can offset some concerns about your undergraduate grades.
Market Timing: You’re right that the job market is unpredictable, especially in investment banking. By waiting a year, you may be entering a more favorable market, giving you a better chance of securing a position after your master’s.
Deferred MBA Programs: Look into deferred MBA options if that’s a route you’re seriously considering. It can be a strategic move that allows you to secure a spot while you bolster your application with the experience gained during your year out.
Personal Well-Being: Lastly, make sure to balance your professional aspirations with your mental well-being. Taking a year out might alleviate some stress and give you a clearer perspective on your goals.
In conclusion, if you feel that a year can be effectively utilized for personal and professional growth, it might be the right choice for you. Best of luck with your decision!