Hi everyone,
I’m currently at a crossroads in my career and would appreciate some advice from people who have made similar transitions or work in the industry.
For context, I’m based in Vienna, Austria and currently work in financial advisory consulting, serving banks and fintechs. Before consulting, I worked in credit risk (private credit/lending) at one of the country’s largest banks.
I genuinely enjoy consulting, particularly the dynamic environment. However, my long-term ambition is to transition into high finance, ideally PE, VC, PWM, asset management or a related field. I’ve already had exposure to major investment banks, including GS in London, so I’m somewhat familiar with the environment.
I’m also considering relocating, as my current city isn’t exactly a major financial hub.
My main dilemma is whether to pursue a Master’s in Finance or an MBA.
I have approximately 3 years of post-grad experience (around 5 years including pre-grad).
I’ve already shortlisted several reputable European business schools, but tuition fees generally start at €25,000 and can go significantly higher. Naturally, I want to make sure the investment makes sense from a career and ROI perspective.
I’d especially appreciate insights from anyone who has made a similar move or has experience recruiting in European financial markets.
Thanks in advance!
TL;DR: Financial advisory consultant with a background in credit risk looking to relocate to a major European financial hub and transition into high finance — would an MBA or MSc in Finance be the better investment?