Temperature of the program or university? In any case my experience is limited to the prop trading firms that my friends from high school/ college ended up at as well as my own.
My firm in particular cares a lot more about strong programming experience over financial knowledge so we typically don’t recruit researchers out of MFE programs. That being said, if we come across a candidate with a MFE (I.e from UChicago) and they have like
python / Java /
c++ splattered all over their CV we will 100% interview them because it’s rare to find a good developer with strong finance background knowledge out the gate. Like to be clear when I say strong programming knowledge, I mean someone who has the equivalent experience of a computer science undergrad or entry level software engineer which sadly most MFE programs do not give ( you can build up this skill set yourself however and demonstrate it in a number of ways).
To be clear, I don’t think most of the top firms in the city like citadel, optiver, IMC, DRW, jump, flow, or others are going out of their way to interview MFE candidates in general. Firms definitely do value UChicago as a brand name since it’s the top local university and a renowned financial institution.