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  • MFin Consolidated 2017 Employment Report


    Class of 2017 Profile*

    Number of Candidates 114
    US Citizens 11%
    International 89%
    Women 37%
    GMAT Score Range 700-770
    Average Undergraduate GPA (out of 4.0) 3.7
    Average Full-Time Work Experience 17 months
    *Class Profile, as of matriculation, for February 2017 and June 2017 graduates  

    Class of 2017 Master of Finance Employment Profile*

      Number Percent
    Seeking Full-Time Employment 93 81.6
    Not Seeking Full-Time Employment 21 18.4
    Postponing Search 6 5.3
    Sponsored & Returning to Company 11 9.6
    Continuing Education 3 2.6
    Starting a Business 1 0.9
    Total 114 100
    *Employment data based on students graduating in February and June 2017    

    Offer & Acceptance Rates*

     
    Total
    U.S.
    Outside U.S.
    Offers
    92.5%
    54.7%
    45.3%
    Acceptances
    92.5%
    54.7%
    45.3%
    *As of June 30, 2018    

    Base Salary By Citizenship

      Median Low High
    U.S. Citizens & Permanent Residents $107,500 $80,000 $150,000
    International $75,000 $25,000 $130,000
    Total $80,000 $25,000 $150,000

    Job Acceptances by Industry

    INDUSTRY Percent
    Finance 65.0
    Investment Management 27.5
    Banks 20.0
    Private Equity 5.0
    Diversified Financial Services 12.5
    Consulting 20.0
    Technology 5.0
    Other*1 10.0
    *Other includes Consumer Products, Real Estate and Media/Entertainment.  

    Job Acceptances by Functional Area

    FUNCTIONAL AREA Percent
    Finance 65.3
    Investment Management 26.4
    Transactions (M&A/Securities Issuance/Advisory) 12.5
    Research 2.8
    Quantitative Analysis 8.3
    Sales & Trading 12.5
    Venture Capital 1.4
    Other Finance 1.4
    Consulting 26.4
    Management/Strategy Consulting 20.8
    Financial Services/Economic Consulting 5.6
    Other Business Functions 8.3


    Job Acceptances by Geographic Location

    North America 55.8%
    Asia 29.1%
    Europe 14.0%
    Latin America & the Caribbean 1.1%

    Source of Job

    School-Facilitated 57.4%
    Student-Facilitated 42.6%
    School-Facilitated: On-campus Interviewing, Job Postings, Resume Database, Alumni/Faculty Referrals, Club Events  
    Student-Facilitated: Contacted Directly, Previous Employer, Online Job Board, Personal Network  

    Employers Hiring Members of the Master of Finance Class of 2017

    Abraaj Group
    Acadian Asset Management
    Altman Vilandrie & Company*
    AXA IM Chorus
    Bain & Company*
    Barclays
    BDA China
    BIGHEART
    BlackRock*
    BNP Paribas
    Boston Consulting Group, The
    Bracebridge Capital
    Capstone Investment Advisors
    China Asset Management
    China International Capital Corporation
    Citadel
    Citi*
    CITIC Securities
    Committed Advisors
    Cowen
    Credicom
    Deloitte Consulting*
    Duff & Phelps
    Eaton Vance Investment Managers
    Egon Zehnder
    Emirates NBD
    Eventide Asset Management
    GreenHarbor Investments
    J.P. Morgan
    J.P. Morgan Asia Pacific
    KIMC (U.S.)
    Krungthai Bank PCL
    Liberty Mutual
    Macquarie
    Marathon Asset Management
    Marathon Capital
    Massive Entertainment
    McKinsey & Company*
    MIT Golub Center for Finance & Policy
    Morgan Stanley
    Morgan Stanley Asia Limited
    NERA Economic Consulting
    Noah Holdings
    Ontario Teachers’ Pension Plan
    Prototerra Partners
    PwC Strategy&
    Risk Ident
    State Administration of Foreign Exchange
    State Street Corporation*
    Stout Risius Ross
    T. Rowe Price
    TASER International
    T-Mobile USA
    Uber Technologies
    UBS*
    Vanke

    Bolded companies hired at least two Master of Finance students in 2017 for full-time and/or internship positions.
    * Companies who have hired Master of Finance graduates for the last three years.



    Master of Finance Contacts


    CAREER DEVELOPMENT OFFICE
    Jean Ann Schulte

    Director, Employer Relations
    jaschul@mit.edu
    1-617-324-8193

    MASTER OF FINANCE PROGRAM OFFICE
    Heidi Pickett

    Director
    hpickett@mit.edu
    617-258-5434




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    The Vice President for Human Resources is designated as the Institute's Equal Opportunity Officer. Inquiries concerning the Institute's policies, compliance with applicable laws, statutes, and regulations, and complaints may be directed to
    Lorraine Goffe, Vice President for Human Resources, NE49-5000, 617-253-6512. In addition, inquiries about Title IX (which prohibits discrimination on the basis of sex) may be directed to the Institute's Title IX Coordinator, Sarah Rankin, Room W31-223, 617-324-7526, titleIX@mit.edu. Inquiries about the laws and about compliance may also be directed to the United States Department of Education, Office for Civil Rights, Region I, 5 Post Office Square, 8th Floor, Boston, MA 02109-3921, 617-289-0111, OCR.Boston@ed.gov.

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