Quote:
Originally Posted by Unregistered
To be more precise, all 3 you have listed aren't really top programs per se. No doubt they are good and competition will be stiff, but top programs would be those from Goldman, Credit Suisse, BOA, the 3 MBB consultancies and oil & gas powers like Exxon, Shell etc
Local bank MAPs are much easier compared to #1 and #3, so I would recommend keeping them as a last resort. But #1, #2 are very different to #3 in terms of career track, so its also a matter of where your interest lies.
But to be realistic, unless you really are the cream of the crop (which is unlikely since you mention you are from a local university), it is better to apply all and keep your options open. The question is more of who wants you rather than who you want. |
Thank you. Have to agree with what you mentioned, which applies for positions like Goldman/JPM
IBD, etc. These are reserved for the really top candidates, which I would like to put aside so as to be realistic with my choices.
I'll apply for all, but I'm slightly apprehensive towards Banks' MA programmes for the following reasons:
1) Banks' MA programmes are typically 2-years rotational, which you may end up in departments that you may not like (e.g. Ops & Tech, etc.)
2) Even if you end up in the Front-Office roles (e.g. Corporate Banking, Private Banking, etc.), they are after-all sales related, with performance measured driven by your ability to sell and maintain relationships with clients. There is a tiny chance (~1%) of entering
IBD, but I wouldn't count on it.
3) Politics
4) Volatility of the banking industry
5) Pay is good, but not extremely good (comparing with BBs). In fact, the pay may be comparable to MNCs' Leadership Programmes (?)
In comparison, MNCs' Leadership Programmes are more towards 'managing the company', instead of 'sales/relationship management roles'. --> More visualisable career progression/exit opportunities (?)
However, even with the above, it seems that Banks' MA programmes are like the 'in-thing'? Is there something really good about the MA programmes that I do not know? Thank you.