The 2017-2019 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
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 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
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 2019 – May 2020 Graduates – Employment Facts and Figures

Employers (by type)

Hedge Funds / Prop Trading / Asset Management: 50%
Investment Banks: 40%
FinTech / Tech: 10%

Employers (some with multiples hires; selected)

AQR
Bank of America
Barclays
Beacon Platform
BlackRock
Citadel
Credit Suisse
Cubist
Goldman Sachs
IMC Trading
Millennium
Morgan Stanley
Point72
Quantitative Brokers
Societe Generale
Squarepoint Capital
TD Securities
UBS

Location

New York:   90%
US (Other): 10%