Employment Report – Master of Finance Class of 2012

Class of 2012 Profile  
Number of Candidates 71
U.S. Citizens 30%
Non-U.S. Citizens 70%
Women 36%
Median GMAT Score 728
Average Undergraduate GPA (out of 4.0) 3.71
Average Age at Entry to MIT Sloan 24
Average Years Full-Time Work Experience Prior to MIT Sloan 1.3

Class of 2012 MFin Employment Profile

  Number Percent
Seeking Employment 57 80.3
Postponing Job Search 7 9.9
Sponsored & Returning to Company 5 7.0
Continuing Education 2 2.8
Total 71 100

Offer & Acceptance Rates*

Total
Offers in the US
Offers Outside of the US
Offers
94.7%
63.2%
31.5%
Acceptances
89.5%
59.7%
29.8%

*As of October 1, 2012

Base Salary

  Mean Median Low High
US Citizens & Permanent Residents1 $88,154 $75,000 $65,000 $160,000
Non-US Citizens $73,308 $73,000 $30,000 $110,000
Total $79,156 $75,000 $30,000 $160,000

1 US citizens & Permanent Residents accounted for 22% of the total class

Job Acceptances by Industry

  Percent
Finance: Investment Bank 25.5
Finance: Insurance 11.8
Finance: Diversified Financial Services 9.8
Finance: Hedge Funds 7.8
Finance: Private Equity 5.9
Finance: Mutual Funds 3.9
Finance: Endowment Funds 2.0
Finance: Other 2.0
Consulting Firm 17.6
Computers/Electronics 2.0
Government 2.0
Oil/Energy 2.0
Software/Internet 2.0
Other 5.7

Job Acceptances by Functional Area

  Percent
Consulting 18.0
Finance: Sales & Trading 18.0
Finance: Analyst 14.0 14.0
Finance: Investment Banking 14.0
Finance: Investment Management 12.0
Finance: Other 10.0
Finance: Research 10.0
Leadership Development Program / General Management 2.0
Other 2.0

Source of Job

  Percent
School-Facilitated 65.7
On-campus Interviewing, Job Postings, Resume Database, Alumni/Faculty Referrals, Club Events
Student-Facilitated 34.3
Contacted Directly, Previous Employer, Online Job Board, Personal Network

Employers Hiring Members of the MFin Class of 2012

A.T. Kearney
Amazon
Applied Predictive Technologies
Arrowstreet Capital
Bank of America Merrill Lynch
Barclays Capital
BlackRock
Boston Consulting Group
Caesar's Entertainment
CGN & Associates
Charles River Associates
Chartis Insurance
China Development Bank (CDB Capital)
China Investment Corporation
Citadel Group
Citi
Deloitte
Evercore Partners
Exaltare Capital Partners
ExxonMobil
Government of Singapore Investment Corporation
Goldman Sachs
Grupo Poma
Harvard Management Company
Hony Capital
IFE Group
Johnson Mathey
JP Morgan
KS Management
Macquarie Energy
Maxim Integrated Producs
McKinsey & Company
Morgan Stanley
Northwestern Mutual
Oliver Wyman
Peak6 Capital Management
Société Générale Corporate and Investment Banking
State Street
Wells Fargo

Bolded companies hired at least 2 Master of Finance graduates.

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