Employment Report – Master of Finance Class of 2013

Class of 2013 Profile*  
Number of Candidates 124
U.S. Citizens 18%
Non-U.S. Citizens 82%
Women 36%
Average GMAT Score Range 700-760
Average Undergraduate GPA (out of 4.0) 3.8
Average Full-Time Work Experience Prior to MIT Sloan 5 months

*Class profile as of matriculation.

Class of 2013 Master of Finance Employment Profile

  Number Percent
Seeking Employment 89 73.5
Postponing Job Search 19 15.6
Sponsored & Returning to Company 6 5.0
Starting a Business 2 1.7
Continuing Education 2 1.7
Other Reasons for Not Seeking 1 0.8
No Information Available 2 1.7
Total 121* 100

*Class size increased from 73 in 2012 to 121 in 2013.

Offer & Acceptance Rates as of October 4, 2013

 
Total
Offers in the US
Offers Outside of the US
Offers
87.6%
58.8%
28.8%
Acceptances
76.4%
57.6%
18.8%

Base Salary

  Mean Median Low High
US Citizens & Permanent Residents $76,250 $72,500 $65,000 $100,000
Non-US Citizens $75,751 $72,500 $27,000 $140,000
Total $75,827 $72,500 $27,000 $140,000

Job Acceptances by Industry

  Percent
Finance: Investment Management 33.8
Finance: Investment Bank 22.1
Finance: Diversified Financial Services 7.4
Finance: Private Equity/Venture Capital 3.0
Consulting 22.1
Software/Internet 5.9
Energy 2.9
Retail 1.4
Pharmaceutical/Healthcare 1.4

Job Acceptances by Functional Area

  Percent
Finance: Analyst Research 26.3
Consulting 25.0
Finance: Investment Management 17.6
Finance: Investment Banking 11.8
Finance: Sales & Trading 7.4
Finance: Other* 7.4
Finance: Treasury 1.5
Leadership Development Program / General Management 1.5
Operations/Project Management 1.5

*Finance: Other includes Corporate Finance and M&A.

Source of Job

  Percent
School-Facilitated 63.2
On-campus Interviewing, Job Postings, Résumé Database, Alumni/Faculty Referrals, Club Events
Student-Facilitated 36.8
Contacted Directly, Previous Employer, Online Job Board, Personal Network

Employers Hiring Members of the Master of Finance Class of 2013

A.T.Kearney
Acadian Asset Management
AIG (American International Group, Inc.)
AIM Consulting
Aksia LLC
Altman Vilandrie & Company
Analysis Group, Inc.
Applied Predictive Technologies
Bain & Company, Inc.
Barclays
Bayview Asset Management
BlackRock*
Boehringer Ingelheim Pharmaceuticals, Inc.
Boston Consulting Group*
Citi*
CITIC SECURITIES
CMR Business Consulting
Consolidated Trading LLC
CorpBanca NY
Dartmouth Endowment
Deloitte Consulting*
Deutsche Bank
FDO Partners, LLC
FFTW
Fidelity Investments
GE Capital
Goldman Sachs Group*
ICBC International
Lewtan
Loomis Sayles & Co., LP
Lunar Capital
McKinsey & Company*
Millstein & Co.
Morgan Stanley*
National Grid
NERA Economic Consulting
Oliver Wyman Group*
PA Consulting Group
Pareto Securities
Peak6 Investments
Picoco LLC
Quantitative Management Associates
Schlumberger Business Consulting
Sequoia Capital
Sigma Rose LLC
Snow Lake Capital
Standard Life Investments
State Street Corporation*
Sun Life Financial
UBS
VY CAPITAL
Walmart

Bolded companies hired at least 2 Master of Finance graduates in 2013.

* 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.

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