Career FAQ

Are there networking events available during the Fall term? And are these exclusive to MFin students, or do they cater to MIT Sloan as a whole?
Yes, the majority of networking events are in the fall — our recruiting partners typically dictate who gets to attend. It’s usually split between intern presentations (First-Year MBAs) and full-time presentations (Second-Year MBAs and MFin students).

A large amount of the recruiting is done early in the year. How can the MFin program prepare me for recruiting if I haven't had enough academic experience yet?
The Career Development Office provides you with the necessary resources (i.e., network, cover letter, résumé, interview workshops, etc.). Networking and alumni connections here are simply the best. You get to work with and learn from MBA students, Sloan Fellows, and MSMS students. Also, you will have access to the MIT Sloan alumni network, many of whom are very involved in the recruiting process.

Does the lack of an internship period in the program make it difficult to find jobs?
It does hurt to not have a financial internship on your record, so it is advisable to seek one before enrolling in the MFin program. However, even without an internship being a part of the program, every student is usually able to find a suitable jobthrough a combination of extra effort, displaying a real passion for finance, and having the MIT Sloan name behind them.

How will international students be placed? Does this make recruiting difficult?
There are some difficulties associated with placing international students, both in that it is often not possible for international students to work in the United States, and companies from outside the United States find it difficult to travel here just to recruit. However, as you know, a majority of students this year are from outside the United States. Frankly, some of the best opportunities available to our students are international positions — you only have to look at the growth of Asia relative to the rest of the world in terms of IPO deals, etc., this year. In an attempt to be a part of this growth, each year we lead a trek of students to the Asia region to introduce our students to employers there. This year, we are expanding from just Hong Kong to include Beijing and Singapore.

If I am interested in a very quantitative job, would MIT Sloan’s MFin program not be appropriate for me, and should I opt for a quantitatively driven financial engineering program instead?
That is not the case at all. A great number of students come to the MFin program wanting to target quantitative job roles, and they have all found plenty of courses to meet their needs. Keep in mind that in addition to the classes offered specifically by MIT Sloan, students are also entitled to enroll in any class at MIT, including the other graduate departments, such as engineering, computing, mathematics, and statistics.

Did all of the students of the MFin students who were seeking employment find a job?
Yes, all the students seeking jobs had secured an offer by September (when the typical benchmarking takes place). Roles included positions in Sales & Trading, “Classic” IBD, quantitative finance, traditional corporate finance roles, and financial leadership programs. Students were split about 50/50 between domestic and international positions.

Has placement improved in the last year?
First, I want to give all our students full credit for earning their job offers last year. We do not “place” people, in the traditional sense. However, we do offer a number of support services through the Career Development Office shared with all of MIT Sloan.

What are the typical salary ranges we can expect after leaving the MFin program?
Salary is extremely dependent on experience. Analyst-level roles typically are compensated in the $60K-$80K range, while associate-level roles typically pay $100K or more. But remember, recruiters typically expect at least 3–5 years of experience in the workplace before they will consider candidates for this level.

What percentages of the class went into which fields, post-graduation?
About 15 percent went into sales & trading, 15 percent classic international business development, 15 percent finance leadership programs, 15 percent consulting, 10 percent quant roles, 10 percent investment management, 10 percent treasury/CFO path roles, and 10 percent management training.

SLOAN FELLOW Getting serious about going global
"I had interviews and visited other business schools, and it’s nothing like the environment that we have here at MIT Sloan."
Abner Oliviera
SF
SLOAN FELLOW Merging disciplines for climate change
"I needed to get a better understanding of the interaction of management and technology. And I think MIT is an obvious place for that. There’s probably no better place in the world [for learning] how technology and management interact."
Pascal Marmier
SF
CENTER FOR INFORMATION SYSTEMS RESEARCH Bringing people and machines together

 “For 35 years, we’ve been studying how companies get value from information. … We try to help organizations take a more holistic view of what they are trying to do.”

Jeanne W. Ross
Director and Principal Research Scientist, CISR
G-LAB: MERCY CORPS, INDONESIA Using business principles to address malnutrition

“The conditions in the neighborhoods we were visiting were different than what we realized before getting there. Beyond that, what was surprising was that there weren’t surprises!”

Libby Putman
MBA
G-LAB: NAM MEE BOOKS, THAILAND Helping a book publisher mature

“It was really rewarding that they wanted to know what we thought. We left there being fairly certain that they will do some of the things that we suggested.”

Lia Cavalcante
MBA
G-LAB, KUALA LUMPUR Assessing the future of the Smart Card
"You have to manage what you can deliver for the company and what the company is expecting. The bottom line is that the CEOs of those companies want results. Even though we have to work five months in a row with the project, we have to deliver. This experience is more pragmatic than academic. It's a good opportunity to match those two worlds."
Camilo Syllos
MBA
INSTITUTE FOR WORK AND EMPLOYMENT RESEARCH Adapting to the changing nature of work

“We’re very interdisciplinary. Among the faculty in the group are an economist, a political scientist, a sociologist, and an industrial relations specialist. We’ve always made a big effort to be open to a variety of perspectives, but also to go beyond being open to them, to want to bring them in, because it makes for a richer environment.”

Thomas Kochan
Co-director, IWER
MFIN STUDENT TAKE Collective Brainpower

"The classroom itself is filled with so much collective brain power . . . it's obvious that I'm caught up in a room full of 124 of the brightest, most curious people from around the world."

Tiffany Wetherell
MFin
MIT LEADERSHIP CENTER Changing views of leadership

“Our mission, along with the mission of MIT Sloan, is to both develop leaders who make a difference in the world, and also to make a contribution to thinking about the topic of leadership.”

Deborah Ancona
Faculty Director, MIT Leadership Center
G-LAB: INTERGRUPO, COLOMBIA Growing a business by cultivating relationships

"The relationships that we forged helped us to turn out a better project. We were able to test our hypotheses with the people that we spoke with every single day. And really, I think the friendships that you develop really propel the work that you’re doing."

Ramy Hakim
MBA
COURAGE AND STRENGTH Supporting a student with breast cancer
"The Sloan community really rallied around me in a way that I totally didn’t anticipate. … It was just really nice to be a part of a community that I was totally comfortable in and felt completely supported by."
Kyle Maner
MBA
G-LAB, RAS RESORT, INDIA Marketing in Mumbai
"The network of alumni was helpful because our team had a lot of experience in consulting, but not in private equity."
Gerardo Guzman
MBA
RETAIL AND CONSUMER GOODS Luxury beauty and the multicultural consumer
"The goal of the Retail and Consumer Goods Club is to provide networking opportunities for students at MIT Sloan, and to educate students about different functions within the retail and CPG space. We bring in executive-level speakers to educate our community on this topic."
Nga Phan
MBA, co-president of Retail and Consumer Goods Club
G-LAB: AIDS IN TANZANIA Striving for economic empowerment

“Because of the diversity of our backgrounds, when we hit the ground in Tanzania it almost was a natural play where different people assume different roles.”

Krishna Venugopalan
SF
LEADERS FOR GLOBAL OPERATIONS Connecting management and technology
“We are preparing leaders to run the world’s operations companies. And those leaders are at the cutting edge of both management and technology.”
Don Rosenfield
Senior lecturer and director of the Leaders for Global Operations
$100K 2010 WINNERS: C-CRETE TECHNOLOGIES Reducing the environmental impact of concrete

“One of the reasons I came to Sloan was because I wanted to be at a top MBA institution worldwide. But I also wanted access to working with the latest innovations and the highest technology that was coming out of the MIT labs.”

Natanel Barookhian
MBA
INDIA LAB: EDUCATIONAL ENHANCEMENT Creating employable workers to boost the economy

“I knew about American business, but not enough about what’s really become a global economy. … You can read about it all you want, but there’s no substitute for being there and seeing the context and seeing how completely different these [other countries] are.”

Ted Chan
MBA
S-LAB: JAKARTA WATERSHED Combating a clean water crisis

“You could talk about watershed management and conservation of energy all you want. But until you put numbers to it and financial analysis to it, you’re not going to get much done. I came to business school to speak that language, speak with people in terms of numbers, financial numbers so that I can get projects done.”

Ian Lavery
MBA
MSTIR MIT Sloan Teaching Innovations Resources
"MIT is not only a first-class institution in studying entrepreneurship, but in creating it and fostering it. A huge number of companies have emerged from MIT, not just MIT’s science and engineering schools, but also from collaborative projects between the science and engineering and the Sloan school."
John D. Sterman
Jay W. Forrester Professor of Management
INDIA LAB: BANGALORE Working toward market expansion

“[The India Lab] program is one of the reasons I came to Sloan. ... The hands-on learning that MIT offers was a huge differentiator.”

Katie Baron
MBA
G-LAB: WARMBATHS HOSPITAL, SOUTH AFRICA Improving staffing at a maternity ward

“I can honestly say that when I was planning on coming to business school I never thought that witnessing the birth of a child would be included in the education. It was definitely an experience.”

Kelsey McCarty
MBA
SWITZER FELLOWSHIP WINNER JASON JAY Focusing on environmental research and leadership

 “I love being in a place that is such a nexus of people and ideas — people coming to learn something new and to define themselves. Being a part of that process is a real honor and a real gift.”

Jason Jay
Lecturer, Sustainability, MIT Sloan
G-LAB: PRIVATE HEALTH CARE IN AFRICA Defining growth at a for-profit clinic

“At MIT Sloan you have a lot of opportunities to explore entrepreneurship. Especially in a place like Kampala where you have a lot of development, entrepreneurship can be very exciting.”

Anne Reilly
MBA

"The demand that we’re trying to fill is for specialized people, professionals in the financial industry, ranging from managers, traders of hedge funds, and risk managers at major financial institutions."

- Jiang Wang
Mizuho Financial Group Professor