“The CDO gives a better idea of what exactly is out there. Not just what jobs are out there, but who is actually hiring.”
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., networking, 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 job through a combination of extra effort, displaying a real passion for finance, and having the MIT Sloan name behind them.
International students often times require work authorization. Does this make recruiting difficult?
There are some recruiting challenges for international students, 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. Althought a majority of MFin students are international students, the large majority of our students remain in the United States post-graduation. In addition, 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. In an attempt to be a part of this growth, each year we lead a group of students to the Asia region to introduce our students to employers in the region as part of the MFin Asia Study Tour. Previous years have taken us to Hong Kong and Singapore.
If I am interested in a very quantitative job, would MIT Sloan’s MFin program not be appropriate for me? Should I opt for a quantitatively driven financial engineering program instead?
A great number of students come to the MFin program wanting to target quantitative 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.
What are the employment statistics for the MFin Class?
The Class of 2013 Employment Report shows that MFins graduate into positions in asset management, consulting, investment banking, Sales & Trading, quantitative finance, traditional corporate finance roles, and financial leadership programs.
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. Although this year's report will not be published until the Fall, initial indications point to a higher offer rate this year compared to last year.
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 up to $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?
The Class of 2013 Employment Report details the industries that MFins entered post-graduation.
“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.”
“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.”
"After we gave our recommendations, the great part was that the very next day the CEO was in the boardroom implementing them with his top vice presidents."
“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.”
"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."
“The assistant to the CEO was like our host mom while we were there. She arranged our housing for us, she took us out to her friend’s game farm, and we got driven around in 4x4s. She was just wonderful to meet, and we developed a personal as well as professional relationship with her.”
“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.”
“These companies are really excited to work with MIT students.They reach out to the community to set up these projects and are great to work with. They give us access to all their resources and are very open to us.”
“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!”
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”
“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.”