Employment Statistics

The 2010-2012 Baruch MFE Employment Report contains full-time and internship numbers aggregated over the last three years, and including details on employers, job functions, job industry.

The Baruch MFE program has over two hundred alumni. Over 90% of our alumni work in the financial industry, the vast majority of them in New York. Our international students are equally successful on the job market as US residents, the only difference being that international students are rarely eligible for positions that have to be filled immediately.

A small number of our graduates do not look for employment, primarily because they already have senior positions in the financial industry.

First Year Compensation

The first year compensation reported here is the compensation guaranteed at the time of hire. It is comprised of the starting base salary plus the signing bonus plus any first year bonus guaranteed in the offer letter, if any.

The annual performance-based bonus is not included here. The annual bonus is typically an additional 10-50% of the base salary, and may be prorated. We do not track these numbers. In other words, the first year total compensation of our graduates is higher than the guaranteed compensation reported.

Graduation Date Graduates Placement Rate Did Not Look High Low Median Average
December 2013 22 18 of 21* 1 160K 70K 100K 112K
Dec 2012-May 2013 25 20 of 21 4 165K 70K 105K 113K
Dec 2011-May 2012 27 21 of 22 5 150K 70K 95K 101K
Dec 2010-May 2011 23 19 of 19 4 130K 75K 95K 96K
Dec 2009-May 2010 31 27 of 29 2 120K 75K 97.5K 96K
Dec 2008-May 2009 28 19 of 21 7 125K 65K 92.5K 92K
Dec 2007-May 2008 27 21 of 22 5 200K 60K 85K 93K

*As on January 20. 2014

First Year Starting Salary

The table below contains the first year starting salary of our graduates, which does not include any bonuses

Graduation Date Graduates Placement Rate Did Not Look High Low Median Average
December 2013 22 18 of 21* 1 150K 70K 95K 101K
Dec 2012-May 2013 25 20 of 21 4 160K 70K 100K 103K
Dec 2011-May 2012 27 21 of 22 5 135K 70K 90K 95K
Dec 2010-May 2011 23 19 of 19 4 130K 75K 90K 93K
Dec 2009-May2010 31 27 of 29 2 110K 75K 90K 90K
Dec 2008-May 2009 28 19 of 21 7 115K 65K 85K 84K
Dec 2007-May 2008 27 21 of 22 5 135K 60K 80K 88K

*As on January 20. 2014

First Year Starting Salary for graduates with no relevant work experience

First year compensation depends in part on prior work experience. Some of our students worked in the financial industry before starting the program (although not necessarily in front office positions), and this seniority has usually been recognized in initial compensation packages. However, some of the highest compensation packages have also been offered to strong graduates with no previous work experience in the financial industry.

The table below contains data on the first year starting salary of our graduates who had either no work experience, or no relevant work experience in the US.

Graduation Date Graduates Placement Rate Did Not Look High Low Median Average
December 2013 12 10 of 12* 1 140K 70K 90K 92K
Dec 2012-May 2013 12 12 of 12 0 125K 70K 95K 94K
Dec 2011-May 2012 14 13 of 14 0 100K 70K 85K 86K
Dec 2010-May 2011 14 14 of 14 0 105K 75K 90K 87K
Dec 2009-May 2010 22 21 of 22 0 97K 75K 90K 89K
Dec 2008-May 2009 18 16 of 18 0 115K 65K 85K 82K
Dec 2007 -May 2008 18 17 of 18 0 96K 60K 80K 79K

*As on January 20. 2014

 

December 2013 Graduates – Employment Facts and Figures

Employers (by type)

Investment banks 53%

Hedge funds 18%

Financial services 18%

Consulting 6%

Other 6%

Location

New York 94%

Asia 6%

Employers (some with multiple hires; selected)

Citadel

EY

Jefferies

JPMorgan

LinkedIn

Morgan Stanley

Quantitative Brokers

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Dec 2009-May 2013 Graduates – Employers and Positions

Employers (some with multiple hires; selected)

Algorithmics

Autonomy Capital

Bank of America Merrill Lynch

Bank of New York Mellon

Barclays Capital

Bloomberg

Citigroup

Deutsche Bank

Ernst & Young

First New York

Goldman Sachs

HSBC

ITG

JPMorgan

Kepos Capital

KPMG

Morgan Stanley

National Australia Bank

Nomura Securities

Numerix

NuWave Investment Management

Quantbot

Quantitative Brokers

R&R Consulting

RBC Capital Markets

Royal Bank of Scotland

Societe Generale

SQT Capital

Standish Mellon

State Street

SuperDerivatives

Tower Research Capital

UBS

Positions

Associate, Financial Engineering

Associate, Market Risk

Associate, Operational Risk

Associate, Order Execution

Associate Advisor

AVP – Risk Analytics Modeling

Commodities Trader

Credit Risk Analyst

Director of Research

Financial Applications Engineer

Financial Engineer

Financial Engineer Associate

Financial Software Developer

Global Equities Analyst

Interest Rates Trader

Investment Banking Analyst

Lead Financial Engineer

Market Data Specialist

Market Risk Analyst

Portfolio Analysis Analyst

Portfolio Analytics Software Developer

Quant Developer

Quant Developer Associate

Quant Research Associate

Quantitative Analyst

Quantitative Support Analyst

Research Analyst

Risk Analyst

Senior Consultant

Software Developer

Trading Assistant