January 19th, 2012, 9:41 am
As of January 17, 2012, 15 of 17 December 2011 Baruch MFE graduates seeking employment in the financial industry received offers from financial companies from the New York area. Details on past employment figures can be found in the 2009-2011 Baruch MFE Employment Report__________________________________________________________________________First Year Guaranteed CompensationGraduation Placement Rate High/Low/Median/AverageDec 2011 15 of 17 150K/70K/95K/101KDec10-May11 19 of 19 130K/75K/95K/96KDec09-May10 27 of 29 120K/75K/97.5K/96KDec08-May09 19 of 21 125K/65K/92.5K/92KFirst Year Starting SalaryGraduation Placement Rate High/Low/Median/AverageDec 2011 15 of 17 135K/70K/90K/93KDec10-May11 19 of 19 130K/75K/90K/93KDec09-May10 27 of 29 110K/75K/90K/90KDec08-May09 19 of 21 115K/65K/85K/84KFirst Year Starting Salary for graduates with no relevant work experienceGraduation Placement Rate High/Low/Median/AverageDec 2011 10 of 11 100K/70K/85K/86KDec10-May11 14 of 14 105K/75K/90K/87KDec09-May10 21 of 22 97K/75K/90K/88KDec08-May09 16 of 18 115K/65K/85K/82KEmployers (by type)Investment banks 67%Hedge funds 20%Financial data 7%Financial software 7%LocationNew York 93%Hong Kong 7%__________________________________________________________________________Employers (some with multiple hires; selected)Bank of America Merril LynchBarclays CapitalBloombergFirst New YorkGoldman SachsMorgan StanleyNumerixQuantbotRBSPositionsAssociate, Market RiskAssociate, Operational RiskAssociate, Order ExecutionFinancial EngineerFinancial Software developerMarket Risk AnalystPortfolio Analysis AnalystPortfolio Analytics Software DeveloperQuantitative AnalystTrading Assistant__________________________________________________________________________Clarification: The first year compensation reported here is the compensation guaranteed at the time of employment. It consists of the starting salary plus the signing bonus plus any first year bonus guaranteed in the offer letter, if any. The annual performance-based bonus is not included here. In other words, the first year total compensation of our graduates is higher than the guaranteed compensation reported.More detailed stats will be posted here