The MIT Master in Finance program is one of the top specialized masters offered in the United States and their end of year employment reports are always a showcase of the outstanding careers that their graduates begin once they complete their studies. I was checking their site recently and see that they have posted the 2020 report and took a look. Simply blown away. The amount of information is incredible as well. This post will include my thoughts as well as what most stood out to me as I read this report.
MIT Master in Finance 2020 Employment Report
Let’s start with the class profile for 2020:
- Class Size – 112
- % International – 85%
- Male / Female – 58% / 42%
- GMAT Range (GMAT Total Range (middle 80%) – 700-770
- GMAT Quantitative Range (middle 80%) – 166-170
- Average Full-Time Work Experience Prior to MIT Sloan – 14 Months
These are all amazing class stats, especially for a program with over 100 students. Great gender break down, interesting that the MIT program is so heavily weighted towards international students though. GMAT, GPA and quantitative scores are all as one would expect for a world class university such as MIT.
Now let’s look at placement results:
Of the 112 students, 99 were seeking employment. The rest were not for a variety of reasons, including further education or returning home post graduation. Of those seeking employment, 99% found employment within 6 months of graduating. An amazing accomplishment! The average base salary was $93,000 with an average signing bonus of $17,000. All in compensation of $110,000 is probably the highest I have seen for an MSF.
Geographically, MIT Master in Finance students found employment in the USA (59%) – Boston, NYC and Chicago being the most prevalent metros, Asia (26%) and Europe (13.5%). Some students also went to work in the Middle East. This program truly places students globally and nationally within the United States.
Function wise, MIT placed students in roles across the financial industry spectrum. A good portion went into quantitative/data science positions (27%), Investment Banking (23%), and research (18%). Students also found work in consulting, private equity, risk management, corporate finance and sales & trading.
MIT does a great job of providing a comprehensive list of firms that have hired for full time as well as internships. I’ve pulled a selection of these firms, primarily ones that have hired at least two Master of Finance students in 2020 for full-time and/or internship positions.
|Acadian||Boston Consulting Group||EY|
|Bain & Company||China International Capital Corporation||Fidelity Investments|
|Bank of America||Citadel||Goldman Sachs|
|BFAM Partners||CITIC Securities||JPMorgan|
|Blackrock||Credit Suisse||McKinsey & Company|
|BNP Paribas||Deutsche Bank||Morgan Stanley|
As you can see, top finance and consulting firms are routinely hiring MIT graduates. The list of firms I did not include is much larger and includes equally as impressive names. This program sets you up for an amazing career.
You can download the 2020 MFin Employment Report in full and I encourage all of you to do so and see for yourselves the level of detail and impressive data in this report. You can also check out all of MIT’s Employment Reports as well as older MSF reports. Great place to do some research on the outcomes you can expect from this Master in Finance.
Hope this helps any of you considering applying to the program. Check back frequently as I am trying to post more content on this MSF.
Here is a link to the MIT Master in Finance Program