Masters in Management graduates are distinguished by the fact that most students join the courses directly from university and are therefore younger and less experienced than their MBA-holding counterparts.
French schools such as HEC Paris, ESCP-EAP and Essec are among the leading providers. Mini Ribeiro of the London arm of ESCP-EAP tells eFinancialCareers.com banks are increasingly interested in hiring its students: “Over the last couple of years a lot more banks have started coming on campus.”
In October, Ribeiro says Barclays Capital, Lehman Brothers, Morgan Stanley, Bank of America, Citigroup, Goldman Sachs, UBS and others will all attend the school's first finance careers fair.
The Financial Times today quotes Ellen Miller, managing director and head of European graduate recruitment at Lehman Brothers, as saying Masters in Management courses are increasingly seen as the degree of choice in the City.
The FT says Masters in Management graduates who join investment banks can command a £35,000 salary, plus an £8,000 sign-on bonus, which is not entirely dissimilar to pay offered to recent university graduates.
By comparison, it says MBA graduates can command around £58,000 plus a £20,000 sign-on bonus.
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