<p>I am now a Msc-in-economics student in a world top-50 U. I have planned to find a job in Investment Bank in Hong Kong after education. I have no fulltime work experience, except for some banking internship. Shall I persue a PHD degree, as I have ever heard that Ibank will just offer an associate position to a MBA or a PHD? Or shall I just apply for analyst after this MSc programme? But someone told me it is difficult for an analyst to be promoted to a associate. And additionally, may someone tell me something about PHD placement in finance industries?
Please tell me relevant information or just give me some advice, anyone with relevant experience. Thanks a million.</p>
<p>I’m not familiar with Hong Kong, but in New York you will almost never see a banker with a Phd, it’s simply not useful for the kind of basic math and excel calculations you are doing. Also, I’m pretty sure graduate students start as an associate not an analyst…</p>
<p>thanks a lot. So do youe mean though it’s difficult, but it is also possible for a MSc in Econ, but not M-Fin or MBA, to get in as an associate?</p>
<p>You’ll need an MBA to get in as an associate.</p>
<p>MS degrees with no work experience come in as analysts. 100% sure of that. (I will have an MS at the end of the year and my offer is as such, and I’ve had 3 internships at banks).</p>
<p>Thanks a lot for sharing your opinions</p>