No GMAT, No Problem: Break into Finance without an MBA
Alternatives to Business School
Why go to the New York School of Finance?
Banks, private equity firms, hedge funds, and other finance firms really care about
2 things when they hire you:
1. Educational Background - Did you go to a top school? Earn high grades?
Do they know others from your school?
2. Work Experience - Have you done something that's directly relevant
to the role you're interviewing for? If not, have you taken the time out
to go do equivalent work on your own?
A Principal at a middle market private equity firm put it best:
"When we hire people for post-MBA roles here, basically we look to see who has done private equit before. If you have, you're on the interview list. If you haven't, you're not."
You can't do anything about #1 - it will always be tougher to break in
if you haven't attended a top school...
Getting past #2, though, is harder because you can't "network" your way
around the fact that you don't have the right work experience.
And that's where the New York School of Finance comes in: they give you
the exact work experience that banks and other finance firms are
looking for.
What Do You Get?
It's a combined internship and training program that lasts for 14
weeks and gives you everything you need to get ahead in recruiting
and on the job.
Here's what you do:
1) In the training portion of the program, you work on complex case studies of Fortune 500 companies that cover all the important topics -
building a 3-statement model, valuing the company, and analyzing
different transaction scenarios such as mergers, acquisitions, leveraged
buyouts, hostile takeovers, and more.
2) Then in the internship portion, you work at a local firm and
contribute to deals there. This is REAL work - completing models and
doing analysis - and not the "Go get my dry cleaning" type of tasks
that you see at many banks.
In short, this is the best way to get the most relevant experience
possible - the only better option is working at a large bank, private
equity firm, or hedge fund, which isn't exactly easy these days.
Does It Work?
Here's a
list of firms and groups where students have placed:
Morgan Stanley
Pine Bridge Investments (PE)
Bentley Associates (IB)
BMO Capital Markets
Citigroup (Hong Kong)
JP Morgan (IB)
Global Hunter Securities
TD Bank (Debt Restructuring)
RBC Capital Markets
Rothschild (Asset Management)
Moelis & Co.
Raymond James
Centerview (M&A)
Blackrock
Credit Suisse
How Do You Apply and Get Free Bonuses?
It lasts 14 weeks (3.5 months) and the pricing is equivalent to a
semester at a private university in the US.
So please do NOT go into this thinking that you will pay $100 USD and
get 14 weeks of training and an internship - no company in the world
would be able to provide that.
This is still an incredible deal and it still beats the pants off of
other in-person training providers that charge thousands of dollars
for only a few days worth of training.
But it is more of a commitment than our online courses and online
coaching programs.
If you're OK with that and you're confident that you can complete
the program, click the link below to submit your application:
Common Questions?
Q: Do they offer locations outside of New York?
A: For right now, no - you would have to be in New York to complete
the program. They are planning to expand elsewhere in the future.
If you are in another country and want to participate, you can still
do it as long as you can find a way to get to New York and stay there
for the duration of the program.
For details on getting the appropriate visa, you should speak with the
New York School of Finance directly and they will be able to better
advise you there.
Q: How is this different from weekend classes, or shorter-term programs?
A: It lasts for 14 weeks (3.5 months), and the training itself takes
place concurrently with the internship - so you learn the material,
and then put it into practice by applying everything on the job.
And the material itself is also more extensive - you get 200+ hours
of training, and more practice with complex concepts such as divestitures,
advanced LBOs, and full-blown merger models.
If you can't attend for all 14 weeks, you could also choose to enroll
for only half the session.
And if you can't make this session, yes, they are offering future sessions
as well - typically it's offered 3 times per year, in the summer, fall,
and winter.
Q: What's the price?
A: It's comparable to a semester at a private university in the US...
only you get a lot more than you would at a traditional university, since
an internship and practical training are included.
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