Bocconi BIEF vs. University of Amsterdam Data Science and Econometrics for Trading Career

Hi!


I am coming from the Baltics and just graduated from high school, looking towards a career in trading. I understand that "trading" is a broad term, but my long-term target is a buy-side role that involves taking directional or non-directional risks, with a share in PnL


I am deciding between Bocconi's Bachelor in International Economics and Finance and the University of Amsterdam Bachelor in Data Science and Econometrics.


Assuming that I will get a scholarship in Bocconi, costs will be the same or even a bit lower in Bocconi, because of the insane Amsterdam rent.


At first glance, Bocconi looks like no brainer, yet there are a few nuances like location and alumni placement.


UvA

  • Location Advantage.

From the LinkedIn job posting it looks like almost all EU trading job opportunities are located in the Netherlands.

  • Alumni Placement

Surprisingly, UvA seems to place more graduates in EU trading firms than Bocconi. Is it because trading is a less popular path for Bocconi students since most of them are going to IB, or does UvA have a better reputation in the trading field?


Bocconi

  • Prestige and International Recognition

Bocconi is obviously much more prestigious than UvA and if take a look on limited, but still existing trading seats beyond EU (Middle East, Asia, Eastern Europe) you will see Bocconi alumni there and almost nobody from UvA.

  • Less Competitive and Easier Program

Dutch unies are famous for cutting off students in the first year there, essentially accepting everybody in the first year and then cutting headcount by 50% in the second and third. I’ll need to combine my studies with work, so the perspective of a worse grade in Bocconi, if I don’t perform well, is much better than the expelling perspective in UvA.


I'm leaning towards Bocconi, but I would appreciate your thoughts.


Also is it really necessary to do a master's degree for a career in Europe? I’ll turn 20 soon and want to get in the field ASAP, since from my experience and what I heard from the people in the industry uni theory is pretty much inapplicable to real work.


Thanks!

 

Tough choice to be honest. Both are good. Bocconi has better ranking but also depends on where you want to live afterwards and if you come from the baltic states take costs into consideration. Where are you with the scholarship?

 

I don't have any country preferences, but it looks like if you are not native German/Scandinavian, the best market will be either UK or Netherlands. 

The Bocconi scholarship is need-based, so I am pretty sure I'll get it. I will receive the answer in June. In terms of costs if I am getting any scholarship from Bocconi it will be either equal to or cheaper than UvA because of the higher living costs, mainly rent, in Amsterdam. 

 

Yes these are the two best. Problem you need sponsorship for the UK... The Netherlands is then the solutions for a lot of people in eastern europe :) 

 

Est delectus consequuntur placeat dolor vitae. Et sunt ex beatae voluptas sed. Nemo veritatis accusantium qui et ex maiores iusto.

Blanditiis nihil ea magnam est et. Ab eum officia unde tenetur. Molestiae corrupti alias vel. Dolorem enim distinctio ut excepturi sequi corrupti voluptatum. Possimus molestiae fuga magnam consequuntur dolor. Eos quia eum similique ipsa iusto dolores. Nulla reprehenderit pariatur assumenda nobis dolor fugit.

Consequatur iusto reiciendis ut dolore. Aut sed et minus vitae recusandae quia facilis. Sed provident laboriosam vero cupiditate eum maxime et.

Eveniet fugit itaque occaecati tenetur. Nulla placeat illum quibusdam. Cum aut veritatis illo alias in. Cum dolor quo tempora culpa qui laborum laboriosam.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.8%
  • Harris Williams & Co. 25 98.3%
  • Goldman Sachs 17 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”