OfflineI am currently an undergrad about to enter final yr reading econ at LSE. I gained a 1st in my first yr and a 2.1 in my 2nd and am heading for a 2.1/1st when I graduate. However I was unable to secure an internship at IB over summer and the work experience section on my CV looks a bit slim. My chances of getting a front office role for grad positions is also looking equally slim given the recent credit turmoil so I have decided to consider other options. One of which is post grad - I was wondering how useful it would be? how many employees actually care? What opportunities it will open? What other options do I have? (I have considered accountancy but I can't do a job that I dislike for three yrs just to gain ACA and I won't consider back office on the off chance a role in front office opens up)
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well i spoke to a friend who works in front office at an IB recently, and she did seem to suggest that hiring will be *almost* like normal since they would be hiring for people in the next year, when the situation will be a bit bitter. a masters might be good if you really want to do one..i'm sure it can't go against you! if i were you i'd apply for jobs and maybe masters and see where it takes me. i'm sure you're in with a chance! good luck!
I've actually enrolled on a CFA partnered course in Financial Economics, starting at the end of September. There is only 6 partnered Institutions in the UK, and the MSc courses have to cover 70% of the candidate body of knowledge (that's the combined material for level 1, 2 & 3 exams) to be eligible for CFA accreditation (that's not the only requirement - only the elite economics departments are chosen for accreditation).
My background isn't in Economics, but it is numerical, so I was given a place on the course. Like noob said, it can't hurt - even if you don't have success with IB, it's a strong MSc to have on your CV for other career paths.