Ankur Mishra decided to apply to specialised Masters in Finance programs instead of the general management MBA degree. And he chose Europe for his higher education, instead of the other popular masters degree destinations (USA, Canada).
He explains the rationale behind his choices, as well as his application and interview experiences.
Master of Finance in Germany (FSFM) vs Switzerland (St. Gallen)
by Ankur Mishra
In 2015 I completed my bachelors from IIT Kharagpur in mining engineering, being from an odd branch didn’t help much but I took a few courses in economics and stats. I started working as a team member for a startup (truckerrs.com) and after working for 9 months, I starting preparing for GMAT. I scored 710 (38 verbal, 49 quant).
Why Master of Finance degree in Europe
I chose to apply for Master of Finance (MoF) programs instead of MBA because I wanted to choose a highly quantitative course which offers me a wider range of positions to choose after I graduate. A finance masters gives me the opportunity to choose from a wider array of modules related to finance and banking.
I approached MBA Crystal Ball on recommendation of a friend, after talking to Sameer I got in touch with MG and he started to paint the picture of how the whole application process works.
MG provided key insights into my profile which helped me present a more fluent and stronger image. It was honestly a great learning experience, working on my essays and the whole profile piece by piece prepared me for facing interviews ahead as we figured out the short comings and worked on them simultaneously.
While choosing school my main focus was to choose a program with strong modules focusing financial products and capital markets. I wanted to choose a program which will provide me opportunities as well as time to gather experience.
Choosing Europe for higher studies was based on the fee differences between the programs in US vs Europe in comparison to the mild starting salary differences.
Also, in Europe most firms have opportunities for working students which helps a lot building up profile, gathering experience and of course money!!
Application strategy and interview experiences
I applied to 3 schools – St. Gallen, HEC Paris, Frankfurt School of Finance & Management (FSFM). I worked on my essays with MG for FSFM as the topics covered the contents for all the three applications.
I got recommendations from professors who taught me in bachelors and completed my applications along with my CV.
Within a week or so, I got interview calls from St. Gallen and FSFM.
For St. Gallen the interviewer was their admission officer, the interview was 20 minutes long and straight forward. It included general questions about my profile and bachelors degree. They gave a short case study to solve and it all went good.
For FSFM the interviewer was Anne-Sophie Ruez, their student advisor. The interview lasted 35 minutes or so and was a fun experience as she called upon a panel of three students to solve a case study with. It was an exciting interview and working with 3 students to solve a transportation problem was quite a learning experience.
FSFM vs St. Gallen
I got admission letters from both interviews and I chose to go to Frankfurt since it provided better career opportunities after as well as during my studies.
Also, the living costs in Germany are very low in comparison to Switzerland as well as the program fees itself. FSFM also had a very international program with an effective career and placement cell. After taking to some current students as well as alumnus of the school i finalized my decision.
My only advise to people who are planning to apply for masters programs in Europe is that be prepared to learn at least one language. It might not be required to study or for college but it can be a big boost for internships and job opportunities.
Read these related articles:
– Masters (MS) in Germany – Costs in Rupees, Top universities, Eligibility requirements
– MBA in Germany: ESMT
– Learn German language to access the non-English speaking world
– Top Masters in Finance Programs
– MBA in Germany for Indian Chartered Accountant after 30
Image credit: spiegel.de