USYD / UNSW Masters for Investment Banking
Hi guys. I am in my first year out of undergrad here in Australia, working TAS / Vals at a mid tier accounting firm.
My objective is still to get into an investment bank in the next 1-2 years. I have an undergrad in finance, 3.9 gpa (non G8 uni).
I’m thinking of doing a Masters of Commerce (Finance) at the University of Sydney or Master of Finance at UNSW. This will allow me to recruit for IB as a grad again, of which I think I would be pretty well placed.
I understand these unis are common for IB undergraduate recruiting, but are they also good for postgrad recruiting into IB? Or are there more prominent options?
Alternatively, a better option may be to continue working where I am, and trying to go straight into a boutique IB analyst role? The masters may not even be necessary…
Would love to get any advice on this. Thanks in advance!
Based on the WSO Dataset, both the University of Sydney and UNSW are reputable institutions that can significantly bolster your profile for investment banking (IB) roles, especially in the Australian market. Here's a breakdown to consider for your situation:
Postgraduate Recruiting: While undergraduate degrees are commonly discussed in IB recruiting contexts, postgraduate degrees, especially from prestigious institutions like USYD and UNSW, can also enhance your candidacy. These universities have strong alumni networks and are recognized by major IB firms, which can be beneficial for networking and recruitment opportunities.
Masters of Commerce (Finance) vs. Master of Finance: Both programs are valuable, but your choice might depend on the specific curriculum and how it aligns with your career goals. The Master of Finance might offer more specialized knowledge in finance, which could be advantageous for IB roles. However, the broader scope of a Masters of Commerce could provide a wider range of skills and knowledge.
Recruitment for Postgraduates: Investment banks do recruit postgraduates, and having a strong academic background from a recognized university can set you apart. Additionally, your work experience in TAS/Vals at a mid-tier accounting firm, combined with a high GPA, makes you a strong candidate. Leveraging the university's career services and alumni network for IB opportunities would be crucial.
Alternative Pathways: Considering a direct move into a boutique IB analyst role could be a viable option, especially if you can leverage your current work experience. Networking with alumni from your undergraduate institution or professionals in the industry can provide insights and opportunities. Sometimes, practical experience coupled with strategic networking can be as effective as pursuing further education.
Cost-Benefit Analysis: Evaluate the cost (both financial and time) of pursuing a master's degree against the potential benefits. If the primary goal is to enhance your profile for IB roles, consider whether the investment in further education outweighs the opportunities you might directly pursue in the industry.
In conclusion, both USYD and UNSW are excellent choices for postgraduate studies with the aim of breaking into IB. However, considering your current position and experience, it might also be worth exploring direct entry into boutique IB roles. Networking, informational interviews, and connecting with industry professionals can provide further clarity on the best path forward for your specific goals.
Sources: Investment Banking University Recruiting Report – 7 Key Takeaways, Investment Banking University Recruiting Report – 7 Key Takeaways, What's the best school for investment banking?, Chances of breaking into IB in Sydney without PR
Masters don't really make a difference in Australia. I'd just lateral to an IB role.
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