How selective is Swiss Finance Institute?
Swiss Finance Institute is
highly selective. For the incoming summer class of 140+ students
during the June-July 2008 session, Swiss Finance Institute received
several hundred applications. While most applicants are qualified
to attend the program, we are unable to offer admission to
all who qualified applicants. As a part of its highly selective
admissions process, Swiss Finance Institute seeks mature individuals
who will thrive in a challenging academic and work environment
where teamwork and professionalism are paramount.
Who can apply?
We seek excellence,
passion, and integrity in our applicants. The success and
future of the International Wall Street Training Program depends
upon the quality of its accepted participants. We are committed
to a fair admission process that brings together highly ambitious
individuals who share our program values.
We accept applications from undergraduate
students, graduate students including MBA, JD, and doctoral
students, and recent graduates, as well as those with several
years of work experience. We seek diversity in academic backgrounds
and therefore all majors and academic concentrations are welcome
to apply.
I am very interested in a career in
investment banking, but do not have a background in finance
and am afraid that the Program may be too fast-paced for me.
Should I apply?
If you are interested in a career
in investment banking, capital markets, institutional sales
or proprietary trading, or if you simply wish to boost your
career prospects in any competitive industry, you can apply
for the Investment Banking Program, which is specifically
tailored to build the knowledge and the skills that one needs
to find job opportunities at investment banks and to excel
in those and other industries. The Investment Banking Program
also goes into the rigors of M&A modeling, leveraged buyouts,
private equity and hedge fund strategies.
You do NOT need to have a background
in business or finance. While we welcome strong performing
students with backgrounds in all academic disciplines, we
specifically encourage students with liberal arts and sciences
backgrounds to apply to our programs. In fact, more than half
of our students do not major in business or finance. Having
a background in finance is not likely to offer you a significant
advantage over liberal arts students during the course of
our program because the majority of what we cover in our programs
is not covered in undergraduate or graduate business schools.
The learning curve is steep for both programs for all attendees,
but accepted students are expected to complete pre-arrival
assignments that will bring them up to speed. We are confident
that the students we admit through our highly selective process
have the skills and talent to work hard and grasp the material
that is covered in our classes.
I was offered admission in 2005 or
2004. Can I attend in 2009?
No. You need to re-apply and be
offered admission again.
I am interested in gaining a very
solid grounding in business. I have some background in business
and finance, but am not particularly interested in a career
in investment banking or corporate finance. Is Swiss Finance
Institute right for me?
You should carefully review our
rigorous curriculum and consider applying because our Program
is designed to provide students with an understanding of the
core fundamentals of business. Even if you have a background
in business and finance, you will find that there are opportunities
for both practical and applied learning that are not available
in the typical classroom setting and that are geared towards
giving our students a competitive edge in their chosen careers.
The majority of the students who attend our Investment Banking
Program have a strong interest in that industry, so the program’s
curriculum is particularly tailored to develop the specific
set of skills needed for success in that industry. If your
interests lie elsewhere, or if you are undecided, you can
still benefit a great deal from the Program, as it will equip
you with skills that are highly applicable to any career.
How do I apply? What are the application
requirements?
We require GPA, class rank,
standardized test scores for at least one of SAT / ACT / GMAT
/ GRE / LSAT, resume and two essays about past and current
achievements. Standardized test scores are required of US
applicants, but optional for others. European and other non-US
applicants must provide their class rank, as well as a complete
description of grades, coursework, and academic qualifications.
To start application, click here.
After filling out the application
online, do I need to send anything else?
Yes. Accepted students
must send an official copy of their university transcript
(academic performance record) to Swiss Finance Institute at
the address indicated on our website. (Only applicants who have been offered admission are required to do so by post.) US applicants are also
required to send photocopies of their official standardized test scores.
I am a non-US applicant and don’t
know my GPA. I also never took SAT / ACT / GMAT / GRE/ LSAT.
What should I indicate on the application form?
US applicants must state
their GPA, as well as their SAT or ACT scores. Graduate students
are required to state their GMAT / LSAT / GRE scores, as well
as provide a description of graduate level coursework. European
and other non-US applicants must state their class rank, as
well as a complete description of grades, coursework, and
academic qualifications.
What is the application deadline?
Please visit the admissions
page on our website for the most recent program deadlines.
Irrespective of the deadline, we encourage you to apply well
before the stated date as space is very limited and our classes
quickly reach capacity.
It is important to note that we stop
accepting applications as soon as our program reaches capacity.
An early application allows us to make an early decision,
which in turn allows you to better plan your domestic or international
travel and take advantage of affordable flights.
I intend to apply to a future program.
What should I do?
You may start the application process by logging into our system.
Alternatively, you may subscribe to email updates related to
future Swiss Finance Institute programs and events by creating a new account here.
Do I need to know a language
other than English to attend?
No, the language of instruction
is only English.
I see that application requirements include both GPA (Grade
Point Average) and standardized test scores for US applicants.
Do you have cut-offs for grades and/or test scores?
No. When reviewing applications, we look at the admissions
criteria (GPA, standardized test scores, resume, recommendation letter and essays)
as a whole. If you have a strong interest in attending one
of our programs, we encourage you to invest time in writing
strong essays and submit an early application. We are looking
for well-rounded individuals, and we understand that an applicant’s
talent and potential cannot be measured by grades and test
scores alone. If your grades and/or standardized test scores
are of particular concern to you, a great way to distinguish
yourself is through your essays.
I am really interested in attending the
program, but I have absolutely no work experience or internships;
I have not even taken a class in business or finance. Will
this have an adverse impact on my admission?
We neither expect nor require you to have finance or business
background. Our teaching methodology focuses on “real
world” practical and applied knowledge and skills. Irrespective
of whether you are a college student or an MBA, if you are
interested in obtaining top-notch training in finance or business,
we encourage you to submit your application.
What do the fees cover? Please
see the Dates
& Fees section of our website for this information.
Do you offer a three-week program in the US?
Yes, we are offering a program in
the US in June 2009, which is our next program.
Does Swiss Finance Institute
offer financial aid?
No. Some of our participants
are, however, able to secure funding from their home universities
and governmental agencies to defray the cost of attending
Swiss Finance Institute. While they do so on their own initiative,
our faculty is available to answer any questions the home
university’s dean, financial aid office, or registrar
may have about our programs.
What is the difference between the
various programs being offered? Is it better to attend the
European (or the American) program if I am interested in working
in London (or New York)?
All our programs offer the
highest quality training, mentoring, and coaching. Programs
also have similar curriculum and structure. Our instructors
are seasoned finance executives with transaction experience
in many countries. We offer a truly global perspective on
financial markets and business strategy. Our students have
career options around the world, and location does not make
a difference. The programs are occasionally offered at different
locations and / or times to offer choice.
Since our students possess strong academic
credentials and come from every corner of the world, they
also bring a unique perspective to the classroom.
What is a typical
class size?
Although size varies from program to program, we expect
between 100 and 200 highly qualified students in each summer
class.
I have researched
many training programs. After carefully reviewing the entire
Swiss Finance Institute website, it became clear to me that
Swiss Finance programs are unique and interesting in many
ways. If you were to compare the Institute to the other programs
that are available, what would you say makes Swiss Finance
Institute remarkable?
As you pointed out correctly, it is important to review the entire website to get a sense of all that the Institute has to offer to its participants. We can easily point out many things that we believe make us unique:
Academic Orientation: We are not a typical "summer camp." Our academic experience is as rigorous as working at an investment bank or trading on a prop trading desk. The program is suitable only for those individuals who seek a rigorous intellectual and training experience.
Faculty from I-Banking, Trading and Hedge Funds:
Our lecturers, in their background, experience and outlook, are not like typical university or corporate instructors. They have actual relevant industry experience as well as significant teaching and mentoring experience. The only way to receive inside scoop on the investment banking industry is to speak with a seasoned industry professional who wishes to mentor you. Please visit our faculty page for more information.
Applied Skills: Our students develop skills
that allow them to hit the ground running once they start
at investment banks, hedge funds and consulting firms. They
also develop strong networking and interviewing skills.
Location: We typically hold programs in
great cities worldwide, such as Boston, New York, London and
in several places in Switzerland.
Residential Experience: Depending on the
program and location our students experience mountain chalets,
pretty college campuses and quality hotels, which we believe
is unique for a program of this kind.
Extra-curricular: Our students experience
cultural activities that allows networking and fun.
Affordable: Other programs are substantially
more expensive.
Lifelong Friendships: Students work in teams
and develop a lifelong network of friends who are going to
be successful.
Industry Recognition: Swiss Finance curriculum
and training are very well respected by investment banks and
other top employers.
Networking: In the recent programs, Swiss
Finance Institute organized networking events for its students
to mingle with investment bankers from various bulge bracket
firms and admissions officers from top five US graduate business
schools. Our alumni base continues to grow, and we organize
reunions and networking events around the world.
Am I going to have any free time?
Yes, you will have limited
free time on weekends. Students dedicate themselves fully
to academics during weekdays so that they can arrive well-prepared
for the classes, read and discuss the assigned cases, prepare
high quality presentations with their teams, contribute to
the classroom via thoughtful discussion, and enhance the learning
experience of everyone via a lively atmosphere. Students are
also assigned homework or group exercises during weekends.
Weekly exams are held on Sunday evenings. Everyone must exhibit
a very high degree of commitment to academics because the
right mindset affects not only their own learning experience,
but also that of their peers.
Will I receive a certificate from
Swiss Finance Institute?
Yes, participants receive
a certificate and a transcript (academic performance record),
which is based on exam grades coupled with 180 degrees reviews
conducted by faculty members and fellow students. The review
process is similar to the evaluations performed by investment
banks for their Analysts, Associates, VPs, and Managing Directors.
Will I get a job if I attend the program?
The program is designed
to assist students in their preparation for the job market
and their job search. While we are a career development program
geared towards enhancing career prospects, we offer no guarantee
that your participation will lead to an employment offer.
Given the short duration of the program, we typically do not have any on-campus recruitment activities. Past programs have featured career panels with representatives of firms such as Morgan Stanley, JP Morgan, Barclays, Goldman Sachs, Citigroup and Lehman Brothers, as a learning experience only. Events such as this coupled with alumni reunions do provide networking opportunity for students. Our programs are primarily learning experiences and we discourage students from applying if their main purpose is to land a job.
Our program offers a rigorous and highly
relevant educational experience that is valued by investment
banking employers worldwide.
What
is the application fee?
There is a $40
application fee for Regular Decision applicants. Although there is no application fee for Priority Decision applicants, there is a pre-enrollment deposit requirement. Please see the application portal for further details.
Since
the scope of Swiss Finance Institute training goes beyond Swiss
capital markets, private banking and hedge funds, and in fact
includes a comprehensive coverage of global investment banking,
capital markets, trading, entrepreneurship and general management,
why are you called “Swiss Finance?”
Many people are curious
about where our name comes from, so here are some answers!
While we offer training relevant to
individuals who want to learn about and work in investment
banking, consulting and other industries worldwide, in places
like New York, Greenwich, San Francisco, London and Hong Kong
– not just Zurich and Geneva – there are many
interesting reasons why we are called "Swiss Finance."
- Our institute was conceptualized
and launched in Switzerland
- We are a Swiss company incorporated
as Swiss Finance Education GmbH
- The majority of our programs are
held in Switzerland; some are held in the United States
and the United Kingdom
- Our curriculum, while balanced and
inclusive of Wall Street culture, case studies and simulations,
also has Swiss finance and banking modules, such as private
banking and wealth management, that are relevant for people
interested in finance, banking, entrepreneurship and consulting,
irrespective of physical location
- While our key faculty members have
done billion dollar deals on Wall Street and in the City
of London, our faculty, staff, consultants and administrators
have also included Swiss nationals with deep experience
in Swiss banking and finance
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