The 2018-2020 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 three hundred alumni. Over 85% 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.
Employment Reports:
2018-2020 Employment Report
2017-2019 Employment Report
2016-2018 Employment Report
2015-2017 Employment Report
A small number of our graduates do not look for employment, primarily because they already have senior positions in the financial industry.
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First Year Compensation and First Year Starting Salary
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, if any.
The annual performance-based bonus is not included here. The annual bonus is typically an additional 10-100% 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 compensation reported here.
The table below contains the both first year compensation and salary of our graduates.
First Year Starting Salary and Sign-on Bonus
Graduation Date | Graduates | Placement Rate | Job Already | High | Low | Median | Average |
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Dec 2020-May 2021 | 31 | 31 of 31 | 0 | 230K | 100K | 150K | 152K |
Dec 2019-May 2020 | 33 | 30 of 30 | 3 | 235K | 100K | 140K | 147K |
Dec 2018-May 2019 | 43 | 36 of 38 | 5 | 195K | 95K | 130K | 128K |
Dec 2017-May 2018 | 36 | 31 of 32 | 4 | 190K | 87K | 127.5K | 126K |
Dec 2016-May 2017 | 39 | 35 of 35 | 4 | 210K | 85K | 125K | 131K |
Dec 2015-May 2016 | 33 | 29 of 30 | 3 | 195K | 85K | 110K | 121K |
First Year Starting Salary
Graduation Date | Graduates | Placement Rate | Job Already | High | Low | Median | Average |
---|---|---|---|---|---|---|---|
Dec 2020-May 2021 | 31 | 31 of 31 | 0 | 190K | 90K | 125K | 127K |
Dec 2019-May 2020 | 33 | 30 of 30 | 3 | 160K | 95K | 120K | 122K |
Dec 2018-May 2019 | 43 | 36 of 38 | 5 | 155K | 90K | 110K | 111K |
Dec 2017-May 2018 | 36 | 31 of 32 | 4 | 145K | 87K | 115K | 109K |
Dec 2016-May 2017 | 39 | 35 of 35 | 4 | 155K | 85K | 110K | 110K |
Dec 2015-May 2016 | 33 | 29 of 30 | 3 | 150K | 83K | 100K | 105K |
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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 | High | Low | Median | Average |
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Dec 2020-May 2021 | 25 | 25 of 25 | 150K | 90K | 125K | 126K |
Dec 2019-May 2020 | 21 | 21 of 21 | 140K | 100K | 120K | 118K |
Dec 2018-May 2019 | 26 | 24 of 26 | 130K | 90K | 110K | 110K |
Dec 2017-May 2018 | 25 | 24 of 25 | 140K | 87K | 105K | 108K |
Dec 2016-May 2017 | 25 | 25 of 25 | 155K | 85K | 105K | 109K |
Dec 2015-May 2016 | 19 | 18 of 19 | 125K | 83K | 95K | 99K |
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December 2020 – May 2021 Graduates – Employment Facts and Figures
Employers (by type)
Hedge Funds / Prop Trading / Asset Management: 59%
Investment Banks: 33%
FinTech / Tech: 7%
Employers (some with multiples hires; selected)
Adoy
Bank of America
Bank of New York
Barclays
Beacon Platform
Bloomberg
BNP Paribas
Credit Suisse
Goldman Sachs
IMC Trading
JPMorgan
Quantitative Brokers
RBC Capital Markets
Simon Markets
Squarepoint Capital
Location
New York: 85%
US (Other): 11%
Asia: 4%