To all MFin graduates, where has life taken you since completing your degree?
I’m currently a STEM major (specifically in biology, biochemistry, and chemistry) with a minor in finance. I’m considering pursuing an MFin at a prestigious school right after graduation to enhance my job prospects, given my non-finance and non-target school background here in the USA. If any of you found yourselves in a similar position, I would greatly appreciate it if you could share your experiences. Thank you!
One response
It’s great to see your initiative and ambition! Many students from non-finance backgrounds have successfully transitioned into finance through a Master of finance (MFin) program. I was in a similar situation, having studied a STEM major without a direct connection to finance.
Here are a few points based on my experience and those of others I’ve spoken with:
Skills Transfer: Your STEM background can be a strong asset in finance. Analytical skills, problem-solving abilities, and quantitative methods that you’ve learned in your science courses are highly valued in finance roles, especially in areas like risk management, quantitative analysis, and financial modeling.
Networking and Career Services: Target schools often have robust career services and alumni networks. Take advantage of these resources! Building connections within the industry during your MFin can lead to internships and job offers. Attend career fairs, networking events, and alumni panels to expand your network.
Internships and Practical Experience: Try to seek internships in finance, even if they’re not in your initial area of study. Your minor in finance can help bridge the gap, and practical experience can make a huge difference when applying for jobs.
Customization of Your Education: Many MFin programs offer elective courses that may allow you to tailor your education towards the areas of finance that interest you most. Choose courses that will complement and enhance your STEM background, like data analysis, financial engineering, or valuation.
Competition: Keep in mind that while an MFin can open doors, the competition is fierce. It’s important to be proactive, both academically and in terms of gaining experience outside the classroom. This includes networking, attending finance seminars, and even self-learning about market trends.
Job Placement: Many programs specifically list their placement statistics, and speaking to current students or alumni can provide insight into what to expect. Look for programs with strong ties to the finance industry.
Overall, pursuing an MFin can be a solid path for you, especially given your STEM background. With determination and strategic planning, you can leverage your skills to make a successful transition into finance. Good luck!