The MIT Masters in Finance program just released their 2018 placement report and it continues to show the strength of the program and their career services department. The school also does a great job of listing all of the prior placement reports, something I will touch on later in this post. I was very impressed with the placements in this years report and I hope all of you who are considering the program find this helpful as well.
Before I get into the placement data, here is the 2018 class profile. This should provide much needed context when reviewing the career outcomes.
- Class Size – 99 Students
- US Citizens – 13% (% international – 87%)
- GMAT Score Range – 680-760
- Average GPA – 3.7/4.0
- Average Full Time Work Experience – 17.4 months
2018 MIT Masters in Finance Placements
The MIT program received an impressive 100% reporting rate for their 2018 class with 99% receiving offers within 6 months of graduation. Placements by industry are as follows:
- IBD/Transaction Advisory 28%
- Quantitative Analysis 21%
- Asset Management 17%
- Financial Services/Economic Consulting 11%
- FinTech/Other Finance 7%
- Sales and Trading 7%
- PE/VC 6%
- Data Science 3%
I think what is great about the MIT program is the fact that it places in both traditional finance roles as well as quantitative positions. It really shows how the MSF at MIT can be customized by students for a number of different financial career paths.
2018 Hiring Firms
It should come with no surprise, but the firms hiring MIT MSF graduates are the top firms in the industry, both in finance and consulting. This really highlights not only the overall reputation of MIT, but also the quality of graduates coming out of the masters in finance program. There are also a number of employers that have hired MSF graduates for the past three years. This consistency provides an incredible benefit to anyone in the program trying to get into these companies.
- AQR Capital Management
- Bain & Company (3 years)
- Barclays
- BlackRock (3 years)
- Boston Consulting Group (3 years)
- Citi (3 years)
- Credit Suisse
- Goldman Sachs
- HSBC
- Lazard
- McKinsey & Company (3 years)
- Morgan Stanley
- Susquehanna International Group
- Walt Disney
Keep in mind this is only a sampling of firms. A number of the Companies listed in the full report also hire multiple MSF students from the program.
You can check out the full 2018 Employment Report for additional information. The report is pretty comprehensive and provides a lot of detail I didn’t include in this brief overview.
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MIT does a really good job in providing transparency, something I really like to see. The program is phenomenal and the placements reflect this. Students can customize the program in a number of ways and the career outcomes showcase this. Very few MSF programs where you see students consistently placing in both traditional and quantitative finance roles. This optionality should make their program especially attractive to anyone who wants flexibility in their career or who comes from a engineering/science background, but isn’t quite sure if they want to be a quant or more of a traditional banker.
You can check out the last 6 years of employment reports here. This should give you all the career information needed.
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Here is a link to the MIT Masters in Finance program
