London Business School & Finance

London Business SchoolA quick glance at London Business School: LBS currently ties for first place as the best international business school in the world (alongside Chicago Booth in the U.S.), according to Bloomberg Businessweek (2012) and fourth place in the world by The Financial Times (2013).

London Business School’s Class of 2013

This year’s graduating class had 403 students. The age range of the students was 24-37, with an average of 5.7 years of work experience. The average GMAT score for the class of 2013 was 700. 45% of entering students come from the Corporate Sector, 31% from Finance backgrounds, and 24% from Consulting.

London Business School tracks the number of career switchers from other industries to finance. Of the 128 graduates in the class of 2012 who entered the finance industry, 23% transitioned from consulting backgrounds, 19% transitioned from the Corporate Sector, and 58% were continuing from previous backgrounds in the finance industry.

London Academics Related to Finance

In London’s flexible 15-21 month MBA program, students receive the opportunity to explore the business world through experiential learning and an international outlook.

In Year 1 students take core courses (descriptions found here) broken up into three terms:

Term 1 courses:

•      Corporate Finance
•      Data, Models and Decisions
•      Financial Accounting
•      Managerial Economics
•      Strategy

Term 2 courses:

•      Operations Management Marketing Managing Organizational Behavior
•      Management Accounting

Term 3 Courses:

•      Business, Government and Society
•      Discovering Entrepreneurial Opportunities
•      Global Business Environment
•      London Business Experiences

The second year of study is spent on Capstone Projects and on Global Business Experiences (GBE).

GBE destinations for finance students may include Boston/New York City (Understanding Incentives in the Asset Management Industry) or Hong Kong (Developing China’s Financial Future).

Students also take 10-12 electives and can choose from different subject areas. Finance students would choose from the following elective courses:

•      Advanced Corporate Finance
•      Behavioural Finance
•      Capital Markets & Financing
•      Credit Risk
•      Derivatives
•      Equity Investment Management
•      Financial Engineering and Risk Management
•      Fixed Income Securities
•      Hedge Funds
•      International Finance
•      Mergers, Management Buyouts and Other Corporate Reorganisations
•      Real Estate Finance
•      Topics in Asset Management

London Finance Clubs and Competitions

•      Finance Club
•      Responsible Business Club
•      Global Social Venture Competition (GSVC)
•      Private Equity & Venture Capital Club
•      European Business School MBA Private Equity Case Competition
•      LBS Stock Pitch Competition
•      Financial Services Essay Competition

Finance Hiring Stats at London Business School

The chart below shows the hiring stats for 2012 MBA careers in finance:

Salary Range (USD)
Base Salary $66,274-$225,000
Sign-On Bonus $7,380-$155,940
Year-End Bonus $9,356-$249,504

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33% of LBS students in the class of 2013 had internships in the finance sector:

•      19% – Investment Banking/Brokerage
•      5% – Investment Management/Research
•      4% – Private Equity/Buyouts
•      2% – Venture Capital
•      1% – Retail and Commercial Banking
•      1% – Government and Supranational
•      1% – Other Financial Services

Top full-time hirers in the finance industry and the number of students they recruited include:

Citi 12
Deutsche Bank 11
Goldman Sachs 7
Barclays 5
Bank of America Merrill Lynch 4
Credit Suisse 3
J.P. Morgan 3
Morgan Stanley 3
Santander 3
Actis 2
Canter Equity Partners 2
Coller Capital 2
Fidelity Worldwide Investment 2
First Reserve Corporation 2
GE Capital 2
International Finance 2
Corporation (IFC) Itau Unibanco 2
Moelis & Company 2

Top summer intern hirers and the number of interns they hired include:

Credit Suisse 15
J.P. Morgan 8
Citi 8
Barclays 6
Nomura 6
HSBC 6
Deutsche Bank 6
Fidelity Worldwide Investment 4
Goldman Sachs 4
Bank of America Merrill Lynch 3
Standard Chartered Bank 3
BMO Bank of Montreal 2
Atomico 2
Moelis & Company 2
Morgan Stanley 2
Coller Capital 2
Pala Investments 2
PIMCO 2
ADC African Development 2
Corporation Itau Unibanco 2
International Finance Corporation 2

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Are you applying to London Business School’s MBA program? Please see our London Business School Zone  for more information on how Accepted.com can help you get accepted.









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Which B-Schools are Best for Finance Students?

You’ll find the answer to that question in our newest special report, MBA In Sight: Focus on Finance.

FocusOnFinance Cover

If you’re aiming for a future in finance, then you’ll want to attend the schools that will support your finance goal. MBA In Sight: Focus on Finance will introduce you to top programs that put a heavy emphasis on finance.

In this free guide we highlight the courses, research centers, study abroad options, career stats, courses, and clubs at some of the best b-schools in the world that will position finance students for a successful future in the finance industry.

Download your free copy of MBA In Sight: Focus on Finance now!







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MBA Admissions: Chicago Booth & Finance

Chicago Booth

Chicago Booth

A quick glance at University of Chicago’s Booth School of Business: Booth currently ranks in sixth place as one of the best business schools, according to US News & World Report (March 2013). It was ranked #2 for finance.

Chicago Booth Class of 2013 and Finance

4031 people applied to Chicago Booth in 2012; 23% were accepted and 62% enrolled.

The Booth class of 2014 has an average five years of work experience and an average GMAT score of 720. The mean age at the time of entering Booth was 28 years.

Booth Academics Related to Finance

Booth offers a highly flexible, analytic curriculum that focuses heavily on identifying problems and implementing creative solutions. Experiential learning and classroom dialogue are also important elements of the Booth experience.

Students are required to take three foundation courses (including finance courses Financial Accounting, Accounting & Financial Analysis, and Financial Statement Analysis), six courses from the Functions, Management, and Business Environment course listing (including Introductory Finance, Investments, Corporation Finance, Portfolio Management, Advanced Investments, Theory of Financial Decisions, Asset Pricing, Financial Instruments, Fixed Income Asset Pricing, Cases in Financial Management, Entrepreneurial Finance, and Private Equity), and eleven elective courses. Finance students would choose their electives from the finance-related concentrations such as Accounting, Analytic Finance, and Finance.

Students must also take a leadership course Leadership Effectiveness and Development (LEAD).

Chicago Booth also offers a wide selection of “labs.” These hands-on courses allow students an opportunity take part in real-world business challenges. The most relevant lab for those interested in finance would be the Private/Equity/Venture Capital Lab.

Financial Research Centers at Chicago Booth

•    Accounting Research Center (ARC)
•    Center for Research in Security Prices
•    Fama-Miller Center for Research in Finance
•    The Initiative on Global Markets

Chicago Booth Extracurricular Clubs and Competitions for Finance Students

•    Investment Banking Group
•    Investment Management Group
•    Corporate Finance Group
•    Credit Restructuring Distressed Investing and Turnaround Group
•    Hedge Fund Group
•    Million Dollar Portfolio Challenge
•    National IPO Challenge
•    Private Equity Group
•    Venture Capital Investment Competition (VCIC)
•    Sterling Partners Investment Thesis Challenge
•    Warren Buffet Group

Finance Employment Stats at Chicago Booth

In 2012, 34.8% of Chicago graduates accepted full-time jobs in the finance industry.

Industry % of Hires / # of Hires
Investment Banking/Brokerage 20.2%/94
Diversified Financial Services 7.3%/34
Investment Management/Research 7.3%/34

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For internships for the class of 2013, 35.8% of students landed internships in financial services.

Industry % of Hires / # of Hires
Investment Banking/Brokerage 15.6%/88
Investment Management/Research 9.2%/52
Private Equity 5.5%/31

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Top hirers include:

Name of Company
Number of
Full-Time Students
Hired, 2012
Number of Interns
Hired, 2012
Bank of America/Merrill Lynch   . 14 6
Credit Suisse 14 16
Morgan Stanley 12 11
Goldman Sachs 9 8
Citigroup, Inc. 7 8
Deutsche Bank 7 9
JPMorgan Chase & Co. 7 10
UBS 6 7
Barclays 5 7
PIMCO 5 9
Wells Fargo Securities 5 4
M&T Bank Corporation 4 1

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Are you applying to Chicago’s Booth School of Business? Please see our Chicago Booth B-School Zone and Chicago Booth Application Packages for more information on how Accepted.com can help you get accepted.








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MBA Admissions: Michigan Ross & Financial Services

MIchigan Ross

“11th Place for Finance”

A quick glance at Michigan Ross currently ranks in 13th place as one of the best business schools, according to US News & World Report (March 2012). It is ranked in 11th place for finance.  

Ross’s Class of 2014

This year’s incoming class had 502 people in it. The average GMAT score was 703 and the class has an average undergraduate GPA of 3.4. The average number of years of work experience for the class of 2014 is 5 years.

26% of the class of 2014 students have undergraduate degrees in engineering; 24% in business; 21% in humanities/social sciences; 15% in economics; 5% each in math/physical sciences and computer science; and 4% in other areas.

Ross Academics Related to Finance

First-year students take required core courses during their first 3 terms (each year consists of 4 terms). (See a list of required courses here.)

A highlight of the Ross curriculum (not specific to finance students) is the Multidisciplinary Action Projects (MAP) course. This required first-year spring semester (term Winter B) course provides opportunities for students to work on collaborative projects for a global, hands-on, action-based, real-life experience.

2012 projects that would interest finance students include conducting a feasibility study for the Acumen Fund, promoting market liquidity for the Buenos Aires Stock Exchange, accessing potential candidates for a specialization initiative at JPMorgan Chase & Co., developing risk assessment at Piper Jaffray & Co., and others.

Year 2 students choose electives in their functional area and in other areas. Electives offered in the finance subject area include:

FIN 615 - Valuation
FIN 614 - International Financial Management II
FIN 624 - Private Equity Finance
FIN 637 - Finance and the Sustainable Enterprise
FIN 513 - Financial Analysis
FIN 621 - Corporate Financial Policy
FIN 630 - Corporate Control
FIN 631 - Risk Management in Banks and Financial Institutions
FIN 633 - Securitization
FIN 645 - Advanced Valuation Techniques
FIN 725 - Applied Financial Analysis and Portfolio Management
FIN 525 - Introduction to Portfolio Management
FIN 609 - Fixed Income Securities and Markets
FIN 612 - International Financial Management I
FIN 614 - International Financial Management II
FIN 618 - Derivative Instruments
FIN 640 - Financial Trading
FIN 566 - Real Estate Finance and Investment I
FIN 567 - Real Estate Finance and Investment II
FIN 623 - Venture Capital Finance
FIN 580 - Options and Futures in Corporate Decision Making
FIN 608 - Capital Markets and Investment Strategy
FIN 629 - Financing Research Commercialization
FIN 647 - Corporate Financial Strategy
FIN 565 - Real Estate Development

***

Michigan Ross Finance Clubs

Finance Hiring Stats at Michigan Ross

The chart below shows the hiring stats for 2012 MBA careers with finance functions:

Function Percent Base Salary Range ($) Median Signing Bonus ($)
Corporate Finance 8.5 60,000-130,000 20,000
Investment Banking 4.9 100,000-125,000 50,000
Sales & Trading 1.1 95,000-150,000 20,000
Other Finance 4.4 30,000-100,000 40,000

***

Job acceptances in the finance industry:

Industry Percent Base Salary Range ($) Median Signing Bonus ($)
Financial Services 7.4 82,000-125,000 40,000
Investment Banking 5.5 65,000- 150,000 40,000

***

For 2012 interns, the job function breakdown is:

Function Percent Annualized Base Salary Range ($)
Corporate Finance 7.6 30,000-114,000
Investment Banking 6 60,000-150,000
Investment Management 1.3 42,000-105,000
Other Finance (Private Client Services/Wealth Management -1.5% and Private Equity – 1.5%) 5.1 18,000-120,000

***

And for internships in the finance industry:

Industry Percent Annualized Base Salary Range ($)
Financial Services 7.8 46,152 – 125,004
Investment Banking 6.5 18,000-150,000

***

Top hirers include:

  • PricewaterhouseCoopers LLP – 10 hires/9 interns
  • Citi – 9 hires
  • Ernst & Young LLP – 8 hires
  • Goldman Sachs Group – 8 interns

Are you applying to Michigan’s Ross School of Business? Please see our Michigan Ross B-School Zone and Ross School of Business Application Packages for more information on how Accepted.com can help you get accepted.








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MBA Admissions: UCLA Anderson & Finance

UCLA

“9th Place for Finance”

A quick glance at UCLA Anderson currently ranks in 15th place as one of the best business schools, according to US News & World Report (March 2012). It is ranked in 9th place for finance.  

Anderson’s Class of 2014 Profile & Finance

3335 people applied to UCLA Anderson in 2012; the target class size was 360. The age range of students is 23-39 (with an average of 28) with 5.8 years of work experience (average). The average GMAT score was 704 and the class has an average undergraduate GPA of 3.54.

27% of class of 2014 students have undergraduate degrees in business; 20% in engineering; 16% in economics; 20% in humanities; 11% in math/computer science/physical science/biological science; and 4% in other areas.

In terms of pre-MBA work experience, the largest group of students came from the financial services industry (at 26% of the class). This is followed by 21% in high tech industries and 17% in consulting. 4% of the class has industry experience in real estate and 5% come from Entertainment and Media.

Anderson Academics Related to Finance

One of the trademarks of the Anderson curriculum is its customizability. The program features nine core courses that students may sequence according to their own career goals. In the fall quarter of the first year, finance students will take a finance course in addition to the fixed core courses (instead of marketing). In the winter quarter, students may choose to take the core strategy course or an elective course. (If they choose an elective, then they’ll take the strategy course in the spring. Consultants will probably want to take the strategy course as early as possible since the material will be relevant in their internships.)

Second year course schedules are designed by each individual student based on his or her chosen academic track and/or specialization(s).

There are four tracks to choose from and numerous specializations that will take students even deeper into their chosen field. Finance students would choose the Finance Track and one or more of the following specializations: Accounting, Corporate Finance, Investment Management, and Real Estate. To complete a specialization, you must complete four courses in that category. (See a list of required specialization courses here.)

There is also an option of receiving a minor in accounting.

For a complete list of finance courses, see this page.

Finance Research Centers at UCLA Anderson

UCLA Anderson Finance-Related Clubs

Financial Services Hiring Stats at UCLA Anderson

26.5% of the class went into the financial services industry. The charts below indicate the hiring stats for 2011 finance students:

Industry Percent Base Salary Range
Investment Banking 11.6 $20,000 – $188,000
Investment / Asset Management 7 $90,000 – $150,000
Diversified Financial Services / Retail / Banking / Credit Cards 2.1 $80,000 – $115,000
Private Equity 2.1 $50,000 – $150,000
Other Financial Services 2 $90,000 – $100,000
Insurance 1.7 $70,000 – $105,000
***
Function Percent Base Salary Range
Investment Banking 9.5 $20,000 – $188,000
Corporation Finance / Financial Analysis / Treasury 8.3 $65,000 – $120,000
Research Analyst / Portfolio Manager 5.8 $25,000 – $60,000
Private Wealth Management 2.1 $100,000 – $100,000
Venture Capital / Private Equity 2.1 $50,000 – $150,000
Sales & Trading 1.7 $100,000 – $110,000
Real Estate Finance 1.2 N/A
Accounting / Auditing 0.8 N/A

For internships for the class of 2012, the stats are as follows:

Industry Percent Monthly Salary Range
Investment Banking 14 $1,280 – $11,100
Investment / Asset Management 5.8 $1,000 – $10,000
Commercial Banking 1.8 $1,000 – $7,083
Private Equity 1.8 $3,000 – $9,000
Diversified Financial Services / Retail Banking Cards 1.5 $6,923 – $7,000
***
Function Percent Monthly Salary Range
Investment Banking 9.7 $1,280 – $11,100
Research / Portfolio Manager 3.7 $1,000 – $10,000
Corporation Finance / Financial Analysis / Treasury 7.9 $1,000 – $7,500
Private Wealth Management 2.1 $1,000 – $10,000
Commercial Banking / Lending 2.1 $1,000 – $7,083
Sales & Trading 2.4 $3,000 – $8,500
Venture Capital / Private Equity 2.4 $3,000 – $8,000
Real Estate Finance 1.8 $6,000 – $12,000
Other Finance / Accounting Functions 0.9 N/A
  • Bank of America Merrill Lynch
  • Barclays Capital
  • Citigroup, Inc.
  • Credit Suisse
  • Deutsche Bank
  • Goldman Sachs
  • Houlihan Lokey
  • Morgan Stanley
  • Royal Bank of Canada
  • Trust Company of the West

Are you applying to UCLA’s Anderson School of Business? Please see our UCLA Anderson B-School Zone and Anderson Application Packages for more information on how Accepted.com can help you get accepted.








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