The 2016-2018 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:
2016-2018 Employment Report
2015-2017 Employment Report
2013-2015 Employment Report
2010-2012 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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Placement Statistics: At graduation, 3 months after graduation, and 6 months after graduation.
| Graduation Date | Graduates | Placement at graduation | Placement 3 months after graduation | Placement 6 months after graduation | Job already |
|---|---|---|---|---|---|
| Dec 2017-May 2018 | 36 | 31 of 32 | 31 of 32 | 32 of 32 | 4 |
| Dec 2016-May 2017 | 39 | 35 of 35 | 35 of 35 | 35 of 35 | 4 |
| Dec 2015-May 2016 | 33 | 29 of 30 | 29 of 30 | 30 of 30 | 3 |
| Dec 2014-May 2015 | 27 | 21 of 21 | 21 of 21 | 21 of 21 | 6 |
| Dec 2013-May 2014 | 28 | 24 of 26 | 24 of 26 | 26 of 26 | 2 |
| Dec 2012-May 2013 | 25 | 20 of 21 | 20 of 21 | 20 of 21 | 4 |
| Dec 2011-May 2012 | 27 | 21 of 22 | 21 of 22 | 21 of 22 | 5 |
| Dec 2010-May 2011 | 23 | 19 of 19 | 19 of 19 | 19 of 19 | 4 |
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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.
| Graduation Date | First Year Base Salary and Sign-on Bonus | First Year Base Salary | ||||||
|---|---|---|---|---|---|---|---|---|
| High | Low | Median | Average | High | Low | Median | Average | |
| Dec 2017-May 2018 | 190K | 87K | 127.5K | 126K | 145K | 87K | 115K | 109K |
| Dec 2016-May 2017 | 210K | 85K | 125K | 131K | 155K | 85K | 110K | 110K |
| Dec 2015-May 2016 | 195K | 85K | 110K | 121K | 150K | 83K | 100K | 105K |
| Dec 2014-May 2015 | 180K | 85K | 100K | 111K | 130K | 75K | 95K | 95K |
| Dec 2013-May 2014 | 170K | 70K | 100K | 109K | 150K | 70K | 95K | 100K |
| Dec 2012-May 2013 | 165K | 70K | 105K | 113K | 160K | 70K | 100K | 103K |
| Dec 2011-May 2012 | 150K | 70K | 95K | 101K | 135K | 70K | 90K | 95K |
| Dec 2010-May 2011 | 130K | 75K | 95K | 96K | 130K | 75K | 90K | 93K |
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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 |
|---|---|---|---|---|---|---|
| Dec 2017-May2018 | 25 | 24 of 25 | 140 | 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 |
| Dec 2014-May 2015 | 14 | 14 of 14 | 125K | 75K | 95K | 94K |
| Dec 2013-May 2014 | 15 | 15 of 15 | 140K | 70K | 90K | 90K |
| Dec 2012-May 2013 | 12 | 12 of 12 | 125K | 70K | 95K | 94K |
| Dec 2011-May 2012 | 14 | 13 of 14 | 100K | 70K | 85K | 86K |
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December 2017 Graduates – Employment Facts and Figures
Employers (by type)
Investment Banks 54%
Hedge Funds 36%
FinTech 4%
Consulting 7%
Employers (some with multiples hires; selected)
Alphadyne Asset Management
Barclays
BNP Paribas
Citadel
Citigroup
EY
Graham Capital
Jefferies
JP Morgan
Morgan Stanley
Point72 Asset Management
PwC
Quantitative Brokers
SCT Capital Management
Squarepoint Capital
Tower Research Capital
Location
New York 93%
US (Hong Kong and China) 7%
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December 2012 – December 2017 Graduates – Employers and Positions
Employers (some with multiple hires; selected)
Alphadyne Asset Management
Balyasny Asset Management
Bank of America Merrill Lynch
Barclays Capital
BNP Paribas
BNY Mellon
BlackRock Solutions
Bloomberg
Citadel
Citigroup
Chicago Trading Company
Credit Suisse
Deutsche Bank
EY
Factset
First New York
Goldman Sachs
Highbridge Capital
Hudson River Trading
Jefferies
Harvard Management Company
HSBC
ITG
JPMorgan
Kepos Capital
KPMG
LinkedIn
Morgan Stanley
National Australia Bank
Nomura Securities
Numerix
NuWave Investment Management
PwC
Quantitative Brokers
RBC Capital Markets
Royal Bank of Scotland
Societe Generale
S&P
Standish Mellon
State Street
Van Eck Associates
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