Masters in Finance: What You Need to Know

Listen to the interview!The Masters in Finance degree is one of the most up and coming specialized masters programs in the business world.

Listen to the recording of our conversation with Anthony DeAngelis, owner and founder of Masters in Finance HQ, for the low-down on his company, the MSF degree, and the world of finance.

00:03:35 – The bored (but not boring!) beginnings of MSFHQ .

00:06:03 – What do financial analysts really do?

00:13:37 – Different types of MSF/MiF programs and what kind of candidates they are looking for.

00:16:40 – Can liberal arts grads go the finance route?

00:19:30 – A word about the schools that require work experience.

00:21:28 – Plenty of work to go around in the finance industry.

00:23:47 – Guidelines for the MSF vs. MBA vs. Financial Engineering Degree decision.

00:27:58 –Financial services are rebounding. What does the future hold?

00:34:56 – What’s changed the most at MSFHQ.

00:36:45 – Advice for people considering the MSF.

Listen to the full conversation to learn more!*Theme music is courtesy of podcastthemes.com.

Related Links:

MSFHQ
Accepted.com Services Section (SUMMER Sale ends on July 15!)
• What is a Masters in Finance?

Related Shows:

The Facts About Financial Services
Which Schools are Good for PE/VC and VC-Backed Entrepreneurship 
Business, Law and Beyond: An Interview with John Engelman
• Case Interview Secrets and More with Victor Cheng

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The Facts About Financial Services

arkadylibmanpicFinance is the most popular career destination for business school graduates according to GMAC’s recent Prospective Applicant Survey. In fact 37% of all MBA wannabes also “wannabe” in financial service when they graduate. If you are one of those 37% or if you are planning a different route to the concrete canyons of Wall Street and the cadres of savvy spreadsheet whizes, this is your lucky episode.

Listen to the recording of our conversation with Arkady Libman of Wall Street Prep to learn more about what a job in finance entails and how to land one.

00:02:43 – Letting future investment bankers know what investment banking is all about: The origins of Wall Street Prep.

00:05:46 – The skills that employers on Wall Street want to see.

00:09:21 – Who should NOT seek a job in finance.

00:11:21 – One piece of advice (sort of) for someone considering a career on Wall Street.

00:15:57 – Different degrees and the positions they lead to.

00:18:52 – Will young analysts continue to put up with the long hours of investment banking?

00:26:55 – Wall Street’s recovery from the Great Recession: Are we there yet?

00:28:06 – The Wall Street Prep approach.

00:30:20 – About Wall Street interviews and how to prepare for them.

00:33:38 – Arkady’s advice for students aiming for financial careers.

00:37:25 – Excellent advice for business school applicants.

Listen to the full conversation to learn more!*Theme music is courtesy of podcastthemes.com.

Related Links:

Where Does Wall St. Hire: U.S. B-Schools Sending Grads into Financial Services
Wall Street Prep
A Comeback for Wall Street Hiring of MBAs?

Related Shows:

Which Schools are Good for PE/VC and VC-Backed Entrepreneurship
Case Interview Secrets and More with Victor Cheng
Business, Law and Beyond: An Interview with John Engelman
How to Become a Management Consultant

Subscribe to Admissions Straight Talk:

Subscribe to Admissions Straight Talk in iTunes! Subscribe to Admissions Straight Talk in Stitcher! Focus on Finance

Where Does Wall St. Hire: U.S. B-Schools Sending Grads into Financial Services

According to GMAC’s just released Prospective Students Survey Report, 37% of prospective MBA students hope to go into finance after they earn their degree, making it the most popular post-MBA destination. If you fall into this crowded category, then you’ll be interested in knowing which b-schools prepare the most grads for jobs in financial services.

As you’ll see below, we’ve created two charts (based on data from U.S. News’ top 25, which happens to have 26 schools because of a tie for 25th place) that display the U.S. schools with the highest percentage of grads going into financial services and those with the highest number of grads reporting financial services jobs. We did not include non-U.S. programs because U.S. News doesn’t rank them, and we wanted the data to be consistent. There are definitely financial powerhouses outside the U.S.

Want to learn more? Get your free copy of MBA in Sight: Focus on Finance

For more information about the top MBA programs, check out our B-School Zone pages.

The top names on this list, in terms of absolute numbers, are the standard bearers in finance, known as Wall St. breeding grounds. I was a little surprised at how low MIT Sloan came out on both totem poles. It has very prominent faculty in finance, including Nobel Prize winner Robert C. Merton. Perhaps those smaller schools known for entrepreneurship, like Stanford, MIT Sloan, and Haas, are sending more of their graduates into non-traditional fields. Consequently they will not do as well in this kind of a ranking even though they have the curricular, co-curricular, and placement ability to support financial services goals.

Can you put less weight on attending schools at the top of the list even though you may want to go into financial services when you graduate? You can if you’ve already worked in financial services and are looking to get a broader understanding of business, management and leadership through the MBA. Those of you with that background already have valuable skills and a relevant network. Those of you looking to get into financial services for the first time, however, will probably want to look more closely at the programs higher up this list.

Realize that these lists don’t reflect the class profile of the programs or the typical credentials of admitted applicants. You need to know that information too to assess your competitiveness when choosing where to apply. Washington Olin (2nd in percentages) has an average GMAT of 696. UNC Kenan-Flagler (ranked #4 in percentages) has an average GMAT of 683. Both schools send 32% and 28% of their grads respectively into financial services. For those of you without GMAT bragging rights or other qualifications to get into Chicago (average GMAT 723), Columbia (716), and Wharton (average GMAT 725) — the leaders on this list in absolute numbers and overall USN ranking – Olin and Kenan-Flagler may be a good alternative and at least start you down your desired career path.

Much as I did with the similar data we compiled on consulting I must issue a warning: This list or ranking is valuable, but it doesn’t tell the whole story. “Financial services” is a very broad category covering everything from private equity and venture capital, to investment banking, money management, corporate financial analyst positions, and even good old bean counting (AKA accounting). Clearly your specific area of interest is critical, and you have to dig deeper into the employment reports at your target schools to confirm strong placement in your particular area of interest. Also understand how the curriculum and co-curricular activities, events, and clubs will help you do what you want to do after your MBA.

You want to attend a b-school that will help you realize your career goals. Identifying schools with exceptional track records for students with similar goals – especially for those of you seeking to change industries and enter financial services – is an excellent place to start when choosing which MBA programs to apply to, and ultimately, deciding where to attend. This list helps you focus your research. It is the starting gate, not the finish line.

Focus on Finance will help you research and identify the best programs for you to apply to given your finance goals.

Linda Abraham By , president and founder of Accepted.com and co-author of the new, definitive book on MBA admissions, MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools.

Which Schools are Good for PE/VC and VC-Backed Entrepreneurship

Browse through other episodes of Admissions Straight Talk.Admit it: You love the ring of ‘venture capital’ and ‘private equity.’

Enter Pitchbook, the ultimate resource for those looking for a future in PE/VC (and those looking for VCs to fund their futures).

Listen to the full recording of our conversation with Andy White, Senior Research Associate for Pitchbook for some great stats, info, and predictions that every PE/VC wannabe should know.

00:02:22 – PitchBook: Cat-and-mouse game or encyclopedia? (Or both?)

00:04:34 – “Top Universities Producing VC-backed Entrepreneurs.” Why this topic and why these schools.

00:07:54 – Several reasons that some schools just manage to produce more funding-receiving entrepreneurs.

00:13:55 – There is hope for you to get a PE/VC job if you don’t attend Harvard, Wharton, Stanford, Booth, Kellogg. But there is even more hope if you do.

00:19:11 – Another important factor for breaking into the VC industry: your pre-MBA work.

00:22:36 – Spreading the word about the world of VC & PE.

Admissions Straight Talk Subscribe to Admissions Straight Talk in iTunes so you don’t miss any segments! Stay in the admissions know.

*Theme music is courtesy of podcastthemes.com.

Relevant Links:

•  MBA in Sight: Focus on Finance
•  Accepted Blog: Posts on Entrepreneurship
•  PitchBook.com
•  PitchBook Blog
•   “Harvard, 4 Other Schools, Make Up Most MBAs at PE & VC Firms
•  “Top Universities Producing VC-backed Entrepreneurs
•  “Could You Live Without Private Equity?”

Related Episodes

•  Business, Law and Beyond: An Interview with John Engelman
•  Dr. Douglas Stayman Shares the Scoop on Cornell Tech NYC
•  From Luxury Marketing to Entrepreneurship: A Talk with Daria Burke
•  Jeff Reid on Entrepreneurship
•  Interview with Anne Perigo, UM Master in Entrepreneurship

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•  Admissions Straight Talk on Stitcher

Business, Law and Beyond: An Interview with John Engelman

Check out other podcast episodes here.Want to start a business? Partner in a law firm? Go into private equity? Run a media and entertainment company? How about all of the above?

Learn from someone who has done it all. And doesn’t normally give interviews.

Listen to the full recording of our interview with John Engelman, for tips, advice and insights from a guy who’s made the journey from lawyer to private equity dealmaker to media and entertainment entrepreneur and executive.

00:01:40 – Meet our guest, John Engelman. Sounds like he’s been busy for the past few years.

00:03:45 – From crisis control to strategic planning: The transition from law partner to businessperson.

00:04:58 – When (and if) a law degree is a good path to the business world.

00:07:19 – An MBA, JD, both, or neither?

00:09:12 – The skill a would-be-entrepreneur needs to master. (Is entrepreneurship class a contradiction?)

00:12:48 – Media & entertainment: The most dynamic, regulated, and international industry out there. Are they paying me or am I paying them?

00:15:37 – The lifecycle of a media property (for Linda, the hills are still alive with the sound of music).

00:19:27 – The definition of good networking? Mom was right – you really should be nice to your roommate.

00:22:39 – Top tips for negotiating and the biggest negotiating mistakes people make.

00:26:43 – What separates a good businessperson from a bad businessperson. Hint: it isn’t IQ points.

00:29:14 – The secret of maintaining a work-life balance and the tragic risk of burnout.

00:35:12 – John’s best piece of advice for someone considering a career in business or law.

Click here to listen to the show!

*Theme music is courtesy of podcastthemes.com.

Relevant Links:

•  Best MBA Programs: A Guide to Selecting the Right One
•  MBA in Sight: Focus on Finance

Related Episodes

•  Case Interview Secrets and More with Victor Cheng
•  MBAs Across America: The Coolest HBS Internship
•  Interview with Anne Perigo, UM Master in Entrepreneurship
•  Jeff Reid on Entrepreneurship
•  Dr. Douglas Stayman Shares the Scoop on Cornell Tech NYC

Subscribe

•  Admissions Straight Talk on iTunes
•  Admissions Straight Talk on Stitcher