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  • MFin Current Employment Report


    Class of 2016 Profile*

    Number of Candidates 119
    U.S. Citizens 10%
    Non-U.S. Citizens 90%
    Women 45%
    GMAT Score Range 690-770
    Average Undergraduate GPA (out of 4.0) 3.7
    Average Years Full-Time Work Experience 1.5
    *Class profile as of matriculation.  

    Class of 2016 Master of Finance Employment Profile*

      Number Percent
    Seeking Full-Time Employment 72 60.5
    Not Seeking Full-Time Employment 47 39.5
    Seeking Internship 26 21
    Postponing Search 10 8.4
    Sponsored & Returning to Company 7 5.9
    Continuing Education  4 3.4
    Total 119 100%
    *Employment data based on students graduating in June 2016 and February 2017.    

    Offer & Acceptance Rates

    as of September 30, 2016
     
    Total
    US
    Outside of the US
    Offers
    91.7%
    55.6%
    36.1%
    Acceptances
    76.4%
    48.6%
    27.8%

    Base Salary

      Mean Median Low High
    US Citizens & Permanent Residents $85,000 $80,000 $70,000 $114,000
    International $75,000 $76,364 $27,000 $125,000
    Total $77,500 $77,845 $27,000 $125,000

    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

    Finance  
    Asset Management 21.2%
    Research 17.2%
    Transactions (M&A/Securities Issuance/Advisory) 9.6%
    Quantitative Analysis 5.8%
    Corporate Finance & Treasury 5.8%
    Sales & Trading  
    Venture Captial 1.9%
    Other Finance 1.9%
    Consulting  
    Management/Strategy Consulting 15.4%
    Financial Services/Economic Consulting 5.8%
    Other Business Functions 13.5%

    Job Acceptances by Industry

    Finance  
    Banks 25.5%
    Investment Management 23.6%
    Diversified Financial Services 9.1%
    Private Equity 3.6%
    Consulting 21.8%
    Technology 9.1%
    Retail 5.5%
    Energy 1.8%

    Job Acceptances by Geographic Location

    North America 64%
    Asia 27%
    Europe 7%
    South America 2%

    Source of Job

    School-Facilitated 44.4%
    On-campus Interviewing, Job Postings, Resume Database, Alumni/Faculty Referrals, Club Events  
    Student-Facilitated 55.6%
    Contacted Directly, Previous Employer, Online Job Board, Personal Network  

    Internship Employment Data

    Internship Employment Profile*

      Number Percent
    Seeking Internship 26 89.7
    Not Seeking Internship 1 3.4
    Continuing Education 2 6.9
    Total 29 100%
    *Employment data based on students whose degree is conferred in February 2017. Full-time employment data will be reported in the 2017 Employment Report.    

    Internship Offer & Acceptance Rates

    as of September 30, 2016
     
    Total
    US
    Outside of the US
    Offers
    96.2%
    55.9%
    42.3%
    Acceptances
    92.3%
    50.0%
    42.3%

    Monthly Salary Overview

    Median Monthly Salary $6,834
    Range of Monthly Salary $3,600-$9,583

    Internship Acceptances by Geographic Location

    North America 58.3%
    Asia 37.5%
    Europe 4.2%


    Source of Internship

    School-Facilitated 55.5%
    On-campus Interviewing, Job Postings, Resume Database, Alumni/Faculty Referrals, Club Events  
    Student-Facilitated 45.5%
    Contacted Directly, Previous Employer, Online Job Board, Personal Network  

    Employers Hiring Members of the Master of Finance Class of 2016

    500IPO
    Accenture
    AIG
    Alphadyne Asset Management
    Altman Vilandrie & Company
    Apex Capital Holdings
    Arrowstreet Capital
    Athena Capital Research
    Bain & Company*
    Bank of Georgia
    BlackRock
    Capula Investment Management
    China International Capital Corporation
    Citadel
    Coursera
    CPP Investment Board
    CV Advisors Family Office
    Deloitte Consulting*
    Enfusion Systems
    Enfusion,
    Ernst & Young
    Falabella
    Fidelity Investments
    Five Rings
    Fosun Group
    Fredericks Michael & Co.
    General Motors
    Goldman Sachs Group*
    Hong Kong Exchanges and Clearing Limited
    International Monetary Fund
    JPMorgan Chase & Co.
    JP Morgan Asia Pacific
    JUMP Investors
    Man Group
    McKinsey & Company*
    Microsoft Corporation
    MIT Golub Center for Finance & Policy
    Morgan Stanley Asset Limited
    MSCI Inc.
    Nasdaq
    NERA Economic Consulting
    PanAgora
    Putnam Investments
    Rothschild
    Sandler Capital Management
    Silk Road Fund
    Sinolink Asset Management
    Staples,
    State Administration of Foreign Exchange
    State Street Global Advisors
    SunPower Corporation
    The Boston Consulting Group
    UBS*
    Versailles Group,
    VMware,
    Walmart
    Willis Towers Watson
    WorldQuant

    Bolded companies hired at least two Master of Finance graduates in 2015.
    * Companies who have hired Master of Finance graduates for the last three years.



    Master of Finance Contacts


    CAREER DEVELOPMENT OFFICE
    Main Office
    617-253-6149

    MASTER OF FINANCE PROGRAM OFFICE
    Heidi Pickett

    Director
    hpickett@mit.edu
    617-258-5434




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