Assistant Dean, Career
Development Office
Demand for Master of Finance graduates is strong, with 98% of job-seeking Class of 2024 graduates accepting an offer within six months of graduation, and 100% of the Class of February 2025 who sought internships accepting an internship. The Class of 2024 chose opportunities in quantitatively rigorous finance functions, including IBD/Transactions Advisory (25.0%), Quantitative Research/Data Science (23.3%), Quantitative Trading – Research/Sales (18.1%), and Private Equity/Venture Capital (9.5%). The global reputation of MIT Sloan Master of Finance program supported students in finding full-time and internship opportunities at 115 industry-leading and cutting-edge specialist companies worldwide.
MFIN CLASS OF 2024 EMPLOYMENT HIGHLIGHTS
POST-GRADUATE OUTCOMES
REPORTING RATE
SALARY SUMMARY
TOP INDUSTRIES
SAMPLE JOB ROLES
| Algorithmic Trader Asset Management Analyst Business Analyst Complex Securities and Financial Instruments Analyst Decision Modeling & Analysis Associate ETF & Index Analyst FICC Trader Financial Analyst Financial Restructuring Analyst Fundamental Analyst Trader FX Options Trader | Global Markets Analyst Investment Banking Analyst M&A Analyst Macro Analyst Portfolio Risk Manager Private Equity Analyst Research Scientist Risk Analyst Quantitative Analytics Associate Quantitative Researcher Quantitative Strategies Associate Quantitative Trader |
“Balyasny Asset Management (BAM) actively recruits at MIT for a range of quantitatively rigorous opportunities. In our experience, MFin students are strong candidates who come well-equipped with advanced quantitative, analytical, and technical skills, and a strong understanding of market behavior.”
Balyasny Asset Management (BAM) Recruiter
FEATURED MFIN EMPLOYERS
Balyasny Asset Management
Bank of America
Barclays
BlackRock
BPN Paribas
Boston Consulting Group
Capula Investment Management
Citadel
Citi
Cubist Systemic Strategies
Deutsche Bank
Evercore
EY-Parthenon
Fidelity Investments
Goldman Sachs
HSBC
IMC
Jefferies
JP Morgan Chase & Co.
Jump Trading
Lazard
McKinsey & Company
Morgan Stanley
PEI Global Partners
PIMCO
PJT Partners
Qube Research & Technologies
Squarepoint Capital
“MIT has been a key partner to Centiva since our inception as our co-founder is an alumnus. This partnership is true at every level of the organization and a relationship we highly value thanks to the caliber and cultural fit of the students. With a shared focus on collaboration and creativity, MIT and Centiva are aligned in our core values.”
Centiva Capital Recruiter
MFIN 2024
CLASS PROFILE1
| U.S. Citizens/Permanent Residents | 8% |
| International | 92% |
| Countries Represented | 30 |
| Women | 41% |
| GRE Quantitative Range (middle 80%) | 166-170 |
| Median Undergraduate GPA (out of 4.0%) | 3.83 |
| Average Full-Time Work Experience Prior to MIT Sloan2 | 16 months |
1 Class Profile data includes students whose degrees were conferred in February 2023 (18-month format) and May 2024 (12-month format).
2 Includes internships.
EMPLOYMENT PROFILE3
| COUNT | % OF CLASS | |
|---|---|---|
| Total | 128 | 100% |
| Seeking Employment | 120 | 93.8% |
| Not Seeking Employment | 8 | 6.2% |
| Continuing Education | 3 | 2.3% |
| Sponsored & Returning | 3 | 2.3% |
| Starting a Business | 1 | 0.8% |
| Other | 1 | 0.8% |
3Employment Profile data includes students whose degrees were conferred in February 2024 (18-month format) and May 2024 (12-month format).
SALARY AND SIGNING BONUS
BASE SALARY
| Mean | Median | 25th-75th Percentile |
|---|---|---|
| $122,552 | $122,000 | $100,000-$150,000 |
Based on 83.5% reporting compensation with full-time offers.
SIGNING BONUS
| Mean | Median | 25th-75th Percentile |
|---|---|---|
| $27,331 | $17,500 | $10,000-$42,500 |
60.4% of students who provided compensation information reported signing bonus data.
INDUSTRY AND FUNCTION
| INDUSTRY | % |
|---|---|
| FINANCE | 83.3% |
| Diversified Financial Services1 | 35.1% |
| Asset Management | 24.8% |
| Investment Banking/Brokerage | 13.7% |
| Private Equity/Venture Capital | 6.8% |
| Fintech | 3.4% |
| CONSULTING | 7.7% |
| TECHNOLOGY2 | 6.0% |
| OTHER3 | 2.5% |
1 Diversified Financial Services includes bulge bracket banks.
2 Technology includes AI, Quantum Computing, and Software.
3 Other includes Education, Manufacturing, and Retail/CPG.
| FUNCTION | % |
|---|---|
| FINANCE | 87.9% |
| IBD/Transactions Advisory | 25.0% |
| Quantitative Research/Data Science | 23.3% |
| Quantitative Trading – Research/Sales | 18.1% |
| Private Equity/Venture Capital | 9.5% |
| Corporate Finance | 3.4% |
| Portfolio Management | 3.4% |
| Risk Management | 2.6% |
| Fundamental Research | 1.7% |
| Other4 | 0.9% |
| CONSULTING/STRATEGIC PLANNING | 6.9% |
| Management/Strategy Consulting | 6.0% |
| Economic/Financial Services Consulting | 0.9% |
| OTHER5 | 5.2% |
4 Finance-Other includes research.
5 Other includes project management, software development,
and strategic corporate development roles.
OFFER TIMING AND SOURCE
TIMING OF OFFERS
| Received | Accepted | |
|---|---|---|
| At graduation | 85.0% | 77.5% |
| Within 3 months of graduation | 90.8% | 89.2% |
| Within 6 months of graduation | 97.5% | 97.5% |
Of the 97.5% of students who accepted an offer within 6 months of graduation, 90.8% accepted a full-time position and 6.7% accepted a post-graduate internship/contract employment.
SOURCE OF OFFERS
School Facilitated includes Job Postings, Career Fairs, Events, Resume Database; and Faculty, CDO, and Student Referrals.
ACCEPTED OFERS BY REGION
| NORTH AMERICA | 50.5% |
| United States | 49.6% |
| NYC Metro | 28.2% |
| Boston Metro | 6.8% |
| Chicago Metro | 4.3% |
| SF Bay Area | 4.3% |
| Los Angeles Metro | 3.4% |
| Canada | 0.9% |
| ASIA | 28.1% |
| Hong Kong Metro | 13.7% |
| Shanghai Metro | 7.7% |
| EUROPE | 20.5% |
| London Metro | 12.8% |
| Paris Metro | 3.4% |
| MIDDLE EAST | 0.9% |
| TOTAL | 100% |
Click below to view the complete 2024 Master of Finance Employment Report, including the complete list of employers and data for summer 2024 internships.
