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  • MFin Current Employment Report


    Class of 2017 Profile*

    Number of Candidates 114
    US Citizens 12%
    International 88%
    Women 40%
    GMAT Score Range 710-770
    Average Undergraduate GPA (out of 4.0) 3.7
    Average Years Full-Time Work Experience 1.5
    *Class profile, as of matriculation, for June 2017 and February 2018 graduates  

    Class of 2017 Master of Finance Employment Profile*

      Number Percent
    Seeking Full-Time Employment 64 75.3
    Not Seeking Full-Time Employment 21 24.7
    Postponing Search 11 12.9
    Sponsored & Returning to Company 9 10.6
    Continuing Education 1 1.2
    Total 85 100
    *2 Employment data based on students graduating in June 2017.    

    Offer & Acceptance Rates

    as of September 30, 2017
     
    Total
    US
    Outside of the US
    Offers
    89.1%
    48.5%
    40.6%
    Acceptances
    87.5%
    46.9%
    40.6%

    Base Salary By Citizenship

      Median Low High
    US Citizens & Permanent Residents $100,000 $80,000 $120,000
    International $75,000 $25,000 $105,000
    Total $75,000 $25,000 $120,000

    Master Of Finance Degree Program Gains Stem Classification

    The MIT Sloan Master of Finance program announced June 2 that it has achieved classification as a STEM (science, technology, engineering and math) program. This new designation, determined by the Department of Homeland Security, allows international students to extend their training in the United States by working in their field of study. Instead of 12 months of optional practical training, they have a total of 36 months under STEM, which amounts to an extra two years of working in the United States.


    Job Acceptances by Functional Area

    FUNCTIONAL AREA Percent
    Finance 56.7
    Asset Management 26.4
    Transactions (M&A/Securities Issuance/Advisory) 11.3
    Research 3.8
    Quantitative Analysis 3.8
    Sales & Trading 3.8
    Venture Capital 3.8
    Other Finance 3.8
    Consulting 37.6
    Management/Strategy Consulting 30.1
    Financial Services/Economic Consulting 7.5
    Other Business Functions 5.7

    Job Acceptances by Industry

    Industry Percent
    Finance 58.2
    Investment Management 25.5
    Banks 16.4
    Private Equity 9.1
    Diversified Financial Services 7.2
    Consulting 29.1
    Technology 5.5
    Other1 7.2
    1Other includes Education, Real Estate and Media/Entertainment.  

    Top Functions

      2017 2016 2015
    Consulting 37.6% 21.2% 23.2%
    Asset Management 26.4% 21.2% 30.5%
    Transactions
    (M&A/Securities Issuance/Advisory)
    11.3% 9.6% 7.2%
    Quantitative Analysis/Research 7.6% 23.0% 18.9%

    Top Industries


      2017 2016 2015
    Consulting 29.1% 21.8% 24.7%
    Investment Management 25.5% 23.6% 23.3%
    Banks 16.4% 25.5% 14.4%
    Private Equity/*Diversified Financial Services/Technology 9.1% 9.1% 20.4%
    * Diversified Financial Services tied with Technology in 2016.  

    Job Acceptances by Geographic Location

    North America 55%
    Asia 34%
    Europe 11%

    Source of Job

    School-Facilitated 43.4%
    On-campus Interviewing, Job Postings, Resume Database, Alumni/Faculty Referrals, Club Events  
    Student-Facilitated 56.6%
    Contacted Directly, Previous Employer, Online Job Board, Personal Network  

    Internship Employment Data

    Internship Employment Profile*

      Number Percent
    Seeking Internship 27 96.4
    Not Seeking Internship (Sponsored) 1 3.6
    Total 28 100%
    *Employment data based on students whose degree is conferred in February 2018. Full-time employment data will be reported in the 2017 Employment Report Addendum.    

    Internship Offer & Acceptance Rates

    as of September 30, 2017
     
    Total
    US
    Outside of the US
    Offers
    100%
    48.1%
    51.9%
    Acceptances
    100%
    48.1%
    51.9%

    Monthly Salary Overview

    Median Monthly Salary $7,080
    Range of Monthly Salary $1,000-$10,417

    Top Functions

      2017 2016
    Investment Banking 40.7% 31.9%
    Asset Management 33.3% 27.3%
    Quantitative Analysis/Research 11.1% 22.8%

    Top Industries

      2017 2016
    Investment Banking 63.0% 37.5%
    Investment Management 18.5% 29.1%
    Diversified Financial Services/Venture Capital 7.4% 8.3%

    Internship Acceptances by Geographic Location

    North America 48.1%
    Asia 48.1%
    Europe 3.8%


    Source of Internship

    School-Facilitated 43.5%
    On-campus Interviewing, Job Postings, Resume Database, Alumni/Faculty Referrals, Club Events  
    Student-Facilitated 56.5%
    Contacted Directly, Previous Employer, Online Job Board, Personal Network  

    Employers Hiring Members of the Master of Finance Class of 2017

    Abraaj Group, The 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




    Nondiscrimination Policy

    The Massachusetts Institute of Technology is committed to the principle of equal opportunity in education and employment. The Institute prohibits discrimination against individuals on the basis of race, color, sex, sexual orientation, gender identity, religion, disability, age, genetic information, veteran status, 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; the Institute may, however, 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. 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.

    *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.