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  • MFin Current Employment Report


    Class of 2014 Profile*

       
    Number of Candidates 127
    U.S. Citizens 14%
    Non-U.S. Citizens 86%
    Women 44%
    Average GMAT Score Range 700-760
    Average Undergraduate GPA (out of 4.0) 3.8
    Average Full-Time Work Experience Prior to MIT Sloan 17.6 months

    *Class profile as of matriculation.


    Class of 2014 Master of Finance Employment Profile


      Number Percent
    Seeking Employment 101 80.2%
    Postponing Job Search 13 10.3%
    Sponsored & Returning to Company 9 7.1%
    Starting a Business 2 1.6%
    Continuing Education 1 0.8%
    Total 126 100%

    Offer & Acceptance Rates as of September 30, 2014


     
    Total
    Offers in the US
    Offers Outside of the US
    Offers
    96.0%
    63.0%
    33.0%
    Acceptances
    81.2%
    57.4%
    23.8%

    Base Salary


      Mean Median Low High
    US Citizens & Permanent Residents $72,115 $70,000 $55,000 $100,000
    Non-US Citizens $76,072 $75,000 $35,000 $115,000
    Total $75,255 $72,000 $35,000 $115,000

    Job Acceptances by Functional Area


      Percent
    Finance  
    Asset Management 30.9%
    Transactions (M&A/Securities Issuance/Advisory) 21.0%
    Sales & Trading 8.6%
    Research 7.4%
    Quantitative Analysis 4.9%
    Corporate Finance & Treasury 2.5%
    Consulting  
    Management/Strategy Consulting 14.8%
    Financial /Economic Consulting 7.4%
    Business Development & General Management 2.5%

    *Functional areas were clarified and re-categorized in 2014.


    Job Acceptances by Industry


      Percent
    Finance  
    Banks 43.9%
    Investment Management 18.3%
    Diversified Financial Services 7.3%
    Private Equity 3.7%
    Insurance 1.2%
    Consulting 19.5%
    Oil/Energy 3.7%
    Manufacturing & Retail 2.4%

    Job Acceptances by Geographic Location


    USA 70.7%
    Asia 19.5%
    Europe 4.9%
    Middle East 2.5%
    Canada 1.2%
    Latin America & the Caribbean 1.2%

    Source of Job


      Percent
    School Facilitated (On-campus Interviewing, Job Postings, Resume Database, Alumni/Faculty Referrals, Club Events) 46.3%
    Student Facilitated (Contacted Directly, Previous Employer, Online Job Board, Personal Network) 53.7%

    Employers Hiring Members of the Master of Finance Class of 2014

    3W Partners Capital
    Altair Management
    Consultants
    American Modern Insurance
    Group
    Analysis Group
    Architect Partners
    Bain & Company
    Bank of America Merrill Lynch
    Barclays Capital
    Boston Consulting Group*
    Brattle Group
    Christie's
    Citi*
    CITICS Securities
    Compañía de Inversiones
    Adriático
    Consolidated Trading
    Credit Suisse
    Deloitte Consulting*
    Deutsche Bank
    Dimensional Fund Advisors
    Dow Chemical Company
    Eclipse Trading
    Fortress Investment Group
    Geode Capital Management
    Gerald Metals
    Glencore AG
    Goldman Sachs Group*
    J.P. Morgan Asset
    Management
    JPMorgan Chase & Co.
    Loomis Sayles & Co.
    Macquarie Capital
    McKinsey & Company*
    Meketa Investment Group
    Moody's Corporation
    Morgan Stanley*
    P/E Investments
    Ping An Bank
    Prudential Capital Group
    Putnam Investments
    RBC Capital Markets
    Corporation
    Roland Berger Strategy
    Consultants
    Ross Jeffrey & Antle
    Sanders Capital
    Sanford C. Bernstein & Co.
    SRR- Stout Risius Ross
    State Street Corporation*
    Strategy&
    Sunnova Energy
    Trafigura
    Tudor Investment
    Corporation
    UBS
    Virginia Retirement System
    Wellington Management
    Company


    Bolded companies hired at least two Master of Finance graduates in 2014.
    * Companies who have hired Master of Finance graduates for the last three years.
    Companies in
    red have hired at least one Master of Finance graduate since the inception of the program.



    Master of Finance Contacts

    Career Development Office

    Sue Kline
    Senior Co-Director
    skline@mit.edu
    1-617-253-6149

    Master of Finance Program Office

    Heidi Pickett
    Director
    hpickett@mit.edu
    1-617-258-5434

    Janet Marks
    Senior Co-Director
    jrmarks@mit.edu
    1-617-253-6149




    Nondiscrimination Policy

    The Massachusetts Institute of Technology is committed to the principle of equal opportunity in education and employment. The Institute does not discriminate against individuals on the basis of race, color, sex, sexual orientation, gender identity, religion, disability, age, genetic information, veteran status, ancestry, or national or ethnic origin in the administration of its educational policies, admissions policies, employment policies, scholarship and loan programs, and other Institute administered programs and activities, but may favor US citizens or residents in admissions and financial aid.*

    The Vice President for Human Resources is designated as the Institute’s Equal Opportunity Officer and Title IX Coordinator. Inquiries concerning the Institute’s policies, compliance with applicable laws, statutes, and regulations (such as Title VI, Title IX, and Section 504), and complaints may be directed to the Vice President for Human Resources, Room E19-215, 617-253-6512, or to the Manager of Staff Diversity and Inclusion, Room E19-215, 617-452-4516. In the absence of the Vice President for Human Resources or the Manager of Staff Diversity and Inclusion, inquiries or complaints may be directed to the Executive Vice President, Room 4-204, 617-253-3928, or to the Director of Labor and Employee Relations, Room E19-235N, 617-253-4264, respectively. Inquiries about the laws and about compliance may also be directed to the Assistant Secretary for Civil Rights, US Department of Education.

    *The ROTC programs at MIT are operated under Department of Defense (DoD) policies and regulations, and do not comply fully with MIT’s policy of nondiscrimination with regard to gender identity. MIT continues to advocate for a change in DoD policies and regulations concerning gender identity, and will replace scholarships of students who lose ROTC financial aid because of these DoD policies and regulations.