ESCP Business School
Women in Finance: Discover the journey of ESCP Master in Management’s student, Minjeong Kim.
Can you briefly introduce yourself? What is your educational background?
Nice to meet you all! I'm Minjeong Kim from South Korea, and I joined the ESCP Master in Management program in the fall of 2021. Currently undertaking a 1.5-year gap year, my 3rd semester specializing in Investment Banking is set to begin in January. My profile might be a bit unique; having been born and raised in Korea, I pursued studies in English Language and Literature as well as International Development Studies during my university years, leading to a path quite different from what I'm embarking on now. On a personal note, I enjoy exploring new places, engaging in morning runs during trips, singing songs at Karaoke, and collecting adorable items.
How did you hear about ESCP?
Interestingly, what initially drew me to ESCP was rather simple. Prior to ESCP, I had the opportunity to be an exchange student in Paris, and my experience there left a lasting impression. Even upon returning to Korea, my desire to settle down in Paris persisted. However, securing a job as a foreigner without proficiency in French seemed nearly impossible. Recognizing the importance of obtaining a degree that would enhance my employability after graduation, I researched the reputation and job placement success of prestigious French business schools, both online and offline. Considering ESCP's international standing and esteemed reputation, I ultimately decided to enroll in the ESCP MiM program.
At what point did you develop an interest in finance? Why?
I completed my first internship at EY-Parthenon, and while I found the exposure to diverse business cases fascinating, I discovered a growing desire to develop a profound understanding of financial markets and gain expertise as an investor. Additionally, despite the variations in consulting roles, I experienced a sense of frustration with the predominantly advisory nature of consulting work. I sought a career that involved long-term engagement, offered a broad scope of responsibilities, and provided a deeper understanding of economics and markets, allowing me to witness and contribute to the entire process of generating returns.
Why did you choose to specialise in finance at ESCP Business School?
For those aspiring to pursue finance careers, especially in Investment Banking or on the buy side, including Private Equity (PE) and Venture Capital (VC), I believe the Investment Banking specialization provides an indispensable curriculum. This program equips you with essential knowledge and practices, delving into areas such as the ecosystem of primary capital markets and corporate valuation. Not only does it prepare you for job interviews, but it also lays a solid foundation for your growth as a future banker or investor.
Did you specialise in anything else? Why or why not?
During my first year of my master's program, my primary interest was in consulting. Therefore, I opted for the specialization in “Research Analyses, Impact Studies, and Consulting”. This specialization provided a comprehensive blend of theories and practical applications in consulting. Notably, it offered the opportunity to engage in real consulting projects with companies, enhancing both theoretical and practical understanding. In my last semester, I’m currently considering Banking and Finance.
How is your overall experience at ESCP?
I appreciate the structured yet flexible curriculum of the MiM program. In both prerequisite and elective courses, students are exposed to diverse fields of study and practical applications. From the second semester onward, there is the freedom to choose a specialization and even the campus for each semester. I also value the support from the career centers and the array of platforms that connect students with job exploration and opportunities.
As ESCP campuses are in the city centers, they don’t have dorms. But between the deals set up by the school and the networking with other students, it’s relatively easy to find a place to live.
Can you tell us about your internships? How did you choose them and how did they contribute to your learning experience?
During my gap year, I had the privilege of undertaking two internships, one at EY-Parthenon and the other at Bloomberg LP. At EY, I seized the opportunity to delve into the world of consultants, gaining valuable insights into their work and lifestyles. As a research analyst, I not only honed my industry research skills but also broadened my perspective on the dynamic realm of business.
Subsequently, at Bloomberg, starting with a curiosity about financial markets, in the role of an equity data specialist, I gained a profound understanding of how the financial market operates. I delved into the intricacies of various shareholders, learning how they generate income, the data and tools they employ to make informed decisions, and the strategies they use to yield returns.
Do you have any words of encouragement for someone that is hesitating to apply to ESCP or someone that feels like they might not have the “level” required?
I highly recommend ESCP for several compelling reasons. If you are enthusiastic about exploring diverse locations, meeting people from various cultures, and engaging in a wide range of studies within your program, then ESCP is the perfect fit for you. The flexibility to change campuses, classes, and studies each semester provides dynamic individuals with an opportunity to thoroughly enjoy their academic experiences. Furthermore, if your career aspirations involve working in France, either during internships or after graduation, ESCP is the optimal choice. Its strong brand name, particularly in France (internationally works out though!), is a guarantee (and having proficiency in French would enhance this further). Lastly, don't let any self-doubt hold you back from applying to ESCP. Even if you feel somewhat unqualified for the program, remember that the proof is in the pudding!
What are your plans after your graduation?
Career-wise, my aspiration is to challenge myself by working in investment firms. I am eager to be directly involved in understanding how institutional investors generate returns through diverse strategies. Additionally, I aim to enhance my expertise in areas such as corporate valuation, macro-financial analytics, and their impact on markets.
On a personal note, I look forward to traveling around European countries with my family!
Do you have any advice for students who want to specialise in finance at ESCP?
Studying finance can bring significant value to your life, even if you don't plan on pursuing a career directly in finance. Gaining an understanding of financial markets and learning how successful investors generate income can serve as a valuable asset for making informed financial decisions in the long term.
If you aspire to work in finance, securing positions in finance-related roles is crucial for a strong start. In addition to your studies, actively network with professionals in the finance industry, join finance associations, and leverage resources such as career centres and other job-hunting support programs to maximize your opportunities.
How is it being a woman in finance? Considering it is a “male-dominated” sector.
I believe being a woman in finance provides a unique perspective that contributes to a more diverse and inclusive environment. While it's true that finance has traditionally been male-dominated, I see this as an opportunity to bring fresh insights to the table. Throughout my academic and professional journey, I've encountered challenges, but I've also developed resilience and a unique skill set that sets me apart. I believe in the importance of diversity in any industry, including finance, and I am committed to contributing to positive change. I've found mentorship and networking to be valuable tools in navigating the field, and I'm eager to be part of the ongoing efforts to create a more inclusive financial sector.
What do you wish you knew before going into your studies?
When I initially embarked on studying business, I encountered numerous concepts and ecosystems that were unfamiliar to me in terms of both studies and life. The challenge of comprehending these new elements, coupled with living abroad without the immediate support of close friends or family, made the experience quite demanding. However, reflecting on that period now, I recognize it as a crucial phase of self-development and growth that ultimately made me stronger. I would like to reassure my past self that those struggles were stepping stones on a beautiful journey of personal and academic progression.
Where do you see yourself 5 to 10 years from now?
I am considering a career in investment firms or the possibility of returning to school if I discover compelling subjects worth delving into. Alternatively, I may venture into launching my own business. That's why I opted for the selective course in advanced Entrepreneurship this semester. Regardless of the path I choose, I hope it stems from my true passion and pursuits.
- Vues326