# MIT MFin2011 MIT MFin Placement Report

#### Wowbagger

##### Earning Theta
Why do you think an increasing number of people are "postponing job search" every year?

#### Sushant

##### Active Member
Is it just me, or the report really does not tell what percentage of student did finally manage to get employed? It just tells you what percentage of total students were seeking employment, not how many of them actually got employed within 3 months, which is what I guess prospective students would be much more interested in. Funny that no one finds it odd.

#### aaronhotchner

##### Well-Known Member
Is it just me, or the report really does not tell what percentage of student did finally manage to get employed?

#### aaronhotchner

##### Well-Known Member
Well i think one reason why MIT placement is poor compared to Columbia MFE or CMU MSCF is because their program is not true Quant program. I would not expect any better by any 1 year program in Finance.

MIT 2011 placement: 89.4%
CMU 2011 placement: 92%

How is MIT's placement "poor"?

#### Wowbagger

##### Earning Theta
Aaron, it talks only about "job seeking students" - and conveniently does not include about 18-odd percent of the students who "chose" to postpone their job search. Very bad numbers, on the back of a 1-month delay.

If they can't place 60 students, how will they place 120 this year?

#### aaronhotchner

##### Well-Known Member
Wowbagger, they are not going to include people who do not respond as job-seeking. It's like a country's unemployment rate -- people who don't want jobs can't be considered unemployed, just like graduates who aren't looking for jobs can't be considered not placed. I guarantee CMU and every other college uses the same methods, whether they announce it or not.

#### Wowbagger

##### Earning Theta
I agree with your argument, Aaron. But it is extremely fishy that 18% of their batch decided - in this bad job market - that they wanted to postpone their job search.

Not only does CMU state the reason for excluding a student from their job-seeker pool, they also show which geographies their students were employed in: http://tepper.cmu.edu/corporations-...011-mscf-graduates-status-of-class/index.aspx and http://tepper.cmu.edu/corporations-...raduates-compensation-by-geography/index.aspx

Just for the record, ZERO students from CMU postponed their job search last year.

#### PennyLess

##### Active Member
Can you share your source for the \$30k comment, Pennyless? As an international student with a Class of 2013 admit, I would like to know as much about the veracity/distribution of these stats as possible.

The source is from the MIT MFin Class of 2012 facebook group. We have been more actively discussing this employment report than you have here. We were really curious about some of these figures and want to clarify some things up. Although that group is a closed group for students of the current class, we have retained some students from the class of 2011 in the group to be our academic/career peer advisors. They provided their comments on the employment report.

Just another quick comment for those interpreting the salary figures. There are 20% of students from that class that went into investment banking. The base salary is not a very good indicator of their actual earnings for the year.

Also, got confirmed that another girl was in "postponed job search" because she got married right after graduation.

#### Andy Nguyen

##### Member
The statistics is presented in a strange manner.
As current student, you are in a better position than many people here to make suggestion to improve future reports, correct?
If some of these figures look strange and curious to you and current students, you can imagine what it will be for prospective applicants.

#### AMANE

##### Active Member
if these stats are true, mit will need to improve its performance to attract international student, student will first think about paying off his debts rather than brand.

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