Baruch MFE Baruch MFE Employment Statistics for December 2010 graduates

[dstefan]

As of November 8, 2010, 12 of 16 December 2010 Baruch MFE graduates received offers from financial companies from the New York area.

This compares very favorably with previous years, when, at the same point in time, 9 of 24 Dec'09 graduates and 5 of 17 Dec'08 graduates had received offers.

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First Year Guaranteed Compensation:
Dec 2010* High: 130K; Low: 80K; Average: 98K; Median: 95K
Dec09-May10 High: 120K; Low: 75K; Average: 96K; Median: 97.5K
Dec08-May09 High: 125K; Low: 65K; Average: 92K; Median: 92.5K
*As of November 8, 2010


Employers (by type):
Investment banks 50%
Commercial banks 25%
Financial software 16%
Consulting 8%

 

[atreides]

Wouldn't it be nice if most of the other MFE programs out there were this transparent...

 

[Biswas Garg]

Are the top salaries jobs mostly bagged by students who have prior finance-related work experience? Also, how do students from non-finance background fare in terms of salaries?

 

[AlexandreH]

No hedge funds employment?

 

[dstefan]

Are the top salaries jobs mostly bagged by students who have prior finance-related work experience? Also, how do students from non-finance background fare in terms of salaries?

Yes. Once placement is complete, we report the breakdown in terms of students without prior work experience. The current average for such graduates is 92K, with a 80-105K range.

 

[John Mercedes]

when applying for these jobs, do these companies only look at your MFE transcript from whichever respected school you came from, or do they look at undergraduate transcript as well?

 

[dstefan]

companies do not look at transcripts. they look at your resume, and at your GPA, if listed on the resume.

 

[DanInDC]

companies do not look at transcripts. they look at your resume, and at your GPA, if listed on the resume.

Could you clarify this statement?

 

[helpteye]

Yes. Once placement is complete, we report the breakdown in terms of students without prior work experience. The current average for such graduates is 92K, with a 80-105K range.

I am impressed so far, especially considering the affordability of your program. I am strongly leaning towards Baruch next fall. By the way, how are the international students faring so far?

 

[dstefan]

International students are made offers at a similar rate to US residents.

 

[Yike Lu]

Could you clarify this statement?

Transcripts are an extra 2-3 pieces of paper with tons of information that companies in general do NOT want to look at when there are 100-1000 applicants per position.

 

[dstefan]

As of January 15, 2010, 15 of 16 December 2010 Baruch MFE graduates seeking employment in the financial industry received offers from financial companies from the New York area.

Moreover, only three May 2011 graduates are still on the job market.

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For comparison purposes, compensation details are included below:

First Year Guaranteed Compensation:
Dec 2010 High: 130K; Low: 75K; Average: 94K; Median: 95K
Dec09-May10 High: 120K; Low: 75K; Average: 96K; Median: 97.5K
Dec08-May09 High: 125K; Low: 65K; Average: 92K; Median: 92.5K


Employers (by type):
Investment banks 47%
Commercial banks 20%
Financial software 13%
Consulting 13%
Hedge funds 7%
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More details can be found at Employment Statistics Baruch MFE Program