Am I wasting my time/money?
I went to a decent undergrad school (ranked top 50, not good but not awful) and majored in something completely irrelevant to finance but within business. I started working and have absolutely hated my job so I applied into 2 MSF programs and thus far have been accepted into one and have doubts about getting into the other (in Villanova, waiting on Vandy). I've seen an absolutely absurd amount of mixed reviews regarding Villanova - everything from its a good school where if you really hustle you can even make it into IB to it's a complete waste (most of the complete waste stuff seems to be from people who didn't actually go there/a guy crying about staying home during COVID lol). I'll be coming in with just 1 YOE at a top company, however it won't be finance related (operations management). I have little desire to break into IBD - maybe working for a bank in MO/BO, but I am really really interested in working for a big 4 in a management/strategic consulting role or a F500 in a LDP/FLDP. Am I going about this the wrong way? As mentioned, I'm currently doing operations right now and maybe climbing the ladder and getting a top MBA is the right decision? Either way it's out of pocket, but I hate what I'm doing right now so I want to pivot ASAP.
Based on the most helpful WSO content, it's not uncommon to have doubts about the value of a Master's in Finance (MSF) program, especially when considering the mixed reviews and the investment of time and money. Here are some points to consider that might help you evaluate your situation:
MSF Program Reputation: While Villanova has mixed reviews, it's important to focus on the outcomes of the program's alumni. If graduates are landing roles similar to those you're interested in, it could be a good sign.
Career Goals Alignment: You mentioned an interest in management/strategic consulting or leadership development programs (LDP/FLDP) at a big 4 or F500 company. An MSF can be a stepping stone into these roles, but it's crucial to ensure the curriculum aligns with the skills these roles require.
Networking and Hustle: Success in breaking into your desired roles often depends on networking. An MSF program can provide a platform for building connections, but you'll need to actively seek out opportunities.
Alternative Pathways: If you're considering an MBA down the line, gaining more work experience in a relevant field could strengthen your application. An MBA from a top program might open more doors in management consulting and strategic roles.
Immediate Pivot vs. Long-Term Strategy: You're eager to pivot out of operations management ASAP. An MSF could facilitate a quicker transition, whereas climbing the ladder and pursuing an MBA is a longer-term strategy.
Financial Consideration: Since both options are out-of-pocket expenses, consider the return on investment. An MSF might be less expensive and quicker, but an MBA could potentially offer greater long-term benefits.
WSO Resources: Utilize resources like the WSO Company Database and networking guides to research potential career paths and connect with professionals who've made similar transitions.
Ultimately, there's no one-size-fits-all answer. It's about weighing the immediate desire to pivot against the potential long-term benefits of different educational paths and considering which aligns best with your career aspirations.
Sources: Am I Thinking About an MBA Wrong?, What I've learned so far after 1 yr at a top MBA program (If I could do it over):, Q&A - top 10 MBA vs MSF vs MMS, Q&A: SVP with 15+ YOE BB -> MM -> MC (all M&A): A Long & Strange Trip, My business just blew up and I cant find work.
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