Employment Statistics
The 2009-2011 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 |
|---|---|---|---|---|---|---|---|
| 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 |
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 |
|---|---|---|---|---|---|---|---|
| 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 |
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 |
|---|---|---|---|---|---|---|---|
| Dec 2012 | 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 |
December 2012 Graduates – Employment Facts and Figures
Employers (by type)
Investment banks 38%
Hedge funds 25%
Financial services 25%
Financial software 6%
Consulting 6%
Location
New York 75%
Boston 19%
Asia 6%
Employers (some with multiple hires; selected)
Autonomy Capital
Barclays Capital
JPMorgan
Goldman Sachs
ITG
Morgan Stanley
Numerix
SQT Capital
State Street
Positions
Associate, Financial Engineering
Associate, Quantitative Research
Associate, Strats & Modeling
AVP, Quantitative Modeling
Analyst, Investment Banking
Analyst, Risk Management
Financial Engineer
Financial Software Developer
Junior Trader
Quantitative Analyst
VP, Securitized Products
_________________________________________________________________
Dec 2009-May 2012 Graduates – Employers and Positions
Employers (some with multiple hires; selected)
Algorithmics
Bank of America Merrill Lynch
Bank of New York Mellon
Barclays Capital
Bloomberg
Citigroup
Deutsche Bank
Ernst & Young
First New York
Goldman Sachs
HSBC
JPMorgan
Kepos Capital
KPMG
Morgan Stanley
National Australia Bank
Nomura Securities
Numerix
NuWave Investment Management
Quantbot
RBS
Quantitative Brokers
R&R Consulting
RBC Capital Markets
Royal Bank of Scotland
Societe Generale
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