MASTER OF FINANCE 2019 EMPLOYMENT REPORT

MASTER OF FINANCEEMPLOYMENT REPORT2019

I am delighted to share the Master of Finance Employment Reportfor 2019, which includes employment data for students whograduated in February 2019 (18-month format) and June 2019(12-month format), and internship data for summer 2019 interns.MASTER OF FINANCE CLASS OF 2019EMPLOYMENT HIGHLIGHTS100%We are proud to report a 100% response rate for our EmploymentSurvey in 2019.The 110 graduates of the MFin Class of 2019 accepted a rangeof finance opportunities, from traditional financial services andrigorous financial engineering, to emerging roles in theintersections between finance, tech, analytics and data science.The Class of 2019 graduates accepted opportunities at65 companies in financial centers around the world, includingNYC (48%), Boston (15%), Hong Kong (7%) and Europe (7%).Thank you for your support of MIT Sloan!Employment data includes responses from100% of the 2019 graduates and internsSUMMER INTERNSHIPSFULL-TIME EMPLOYMENTThe average salary increased 10,000 over last year, rising from 86,000 in 2018 to 96,000 in 2019. Matching last year’semployment figures, 99% of graduates received a full-time offerwithin 6 months of graduation.The Master of Finance program recently graduated its tenth class.We are pleased to celebrate this milestone, including the 900 Master of Finance students we worked with to identify the next stepon their career path, and the 300 companies who have hiredMIT Sloan Master of Finance graduates.Reporting Rate99%received full-time offerswithin 6 months ofgraduation100%72%accepted full-time offersin the U.S.61%of students in the 18-monthformat conducted internshipsreceived a full-time offerfrom their summerinternship employerTOP FINANCE FUNCTIONS1Sales & TradingAnalyst/ResearchQuantitative uritiesIssuance/ Advisory]29.3%Private Equity8.0%Business Analytics/5.3%Data Science13.3%10.7%25.3%8.0%16.0%Asset ManagementQuantitative Research 12.0%Fundamental Research 8.0%Susan Sandler BrennanAssistant Dean, MIT Sloan Career Development OfficeOther Finance1MIT SLOAN MASTER OF FINANCE EMPLOYMENT REPORT Page 1TradingPercentages are based on Finance functions; excludes Consulting/Strategic Planning functions.5.3%

SALARY SUMMARY 96K 30KLowAverage base salarySIGNING BONUS 15K 150KAverage Signing/Starting BonusHighBased on 54% of studentswho reported receiving asigning or starting bonusFEATURED EMPLOYERS1AQR Capital Management (2)Alphadyne Asset ManagementArrowstreet CapitalBank of America Merrill LynchBarclays (4)BlackRock (5)BlackstoneBNP Paribas (5)Capula Investment Management (2)Citadel SecuritiesCiti (9)Goldman Sachs (11)1IMCJP Morgan Chase & Co. (2)KaikoLazard (2)Magnifi (2)Morgan Stanley (6)PanAgora Asset Management (3)Société GénéraleState Street AssociatesT. Rowe PriceWellington Management CompanyComplete list on page 6. Parentheses indicate number of students hired for full-time roles or internships.SAMPLE JOB TITLESAssociate - Quantitative ResearcherAssociate Data ScientistBusiness AnalystCommodity TraderCredit TradingData ScientistEquity Derivatives StructuringExotic Equity Derivatives TraderFixed Income Portfolio Analyst Emerging MarketsInvestment Banking AnalystMacro Research Associate FX StrategistMulti-Asset Research AnalystPortfolio AnalystPrivate Equity Financial AnalystQuantitative Research AnalystResearch AssociateSenior Investment AnalystTrading Group Quantitative AnalystMIT SLOAN MASTER OF FINANCE EMPLOYMENT REPORT Page 2

MASTER OF FINANCE CLASS OF 2019 FULL-TIME PROFILE DATACLASS PROFILE1EMPLOYMENT PROFILENumber of Candidates110U.S. Citizens/Permanent Residents13%Non-U.S. Citizens87%Women34%%110100%9687.3%Full Time8980.9%Post-Grad Internship76.4%1412.7%Sponsored1210.9%Continuing Education21.8%TotalSeekingGMAT Total Range (middle 80%)710-750GMAT Quantitative Range (middle 80%)165-170Average Undergraduate GPA (out of 4.0)3.7Average Full-Time Work Experience Prior to MIT Sloan1COUNTNot Seeking18 monthsClass and Employment Profile data includes students whose degrees were conferred in February 2019 (18-month format) and June 2019 (12-month format).MASTER OF FINANCE CLASS OF 2019 FULL-TIME EMPLOYMENT DATABASE SALARY%MEANMEDIANLOWHIGH100.0 96,056 95,000 30,000 150,000US Citizens & Permanent Residents12.5 106,615 96,000 60,000 150,000International87.5 94,250 92,500 30,000 150,000%MEANMEDIANLOWHIGH53.6 14,645 10,000 500 50,000US Citizens & Permanent Residents30.0 8,800 10,000 4,000 10,000International57.6 15,310 10,000 500 50,000TotalSIGNING/STARTING BONUSTotal22Based on percent reporting bonus with full-time offers.MIT SLOAN MASTER OF FINANCE EMPLOYMENT REPORT Page 3

MASTER OF FINANCE CLASS OF 2019 FULL-TIME EMPLOYMENT DATAINDUSTRYJOB ACCEPTANCES BY REGIONFinance182.1%Diversified Financial Services44.2%Investment Management24.2%Investment Banking6.3%FinTech4.2%Private Equity3.2%Consulting13.7%Other24.2%North AmericaNYC Metro4Boston MetroCaliforniaChicago73.9%47.7%14.8%3.4%3.4%Hong Kong18.2%6.8%AsiaEurope6.8%Latin America & the Caribbean1.1%1In the 2019 Employment Report, bulge bracket banks were reclassified as diversified financial services.2Other includes Technology, Healthcare, Nonprofit and Hospitality.4Includes NJ and e Analysis13.6%Private Equity6.8%Business Analytics/Data Science4.6%Asset Management10.2%Fundamental Research6.8%Trading4.6%Investment Banking11.4%Sales & Trading11.4%Transactions [M&A/Securities issuance/Advisory]9.1%3TIMING OF OFFERS AND ACCEPTANCES21.6%Quantitative ResearchFinance - OtherReceivedAcceptedAT GRADUATION89.9%76.4%WITHIN 6 MONTHS OF GRADUATION98.9%98.9%SOURCE OF OFFERS 4.8%Consulting/Strategic Planning325.0%Management/Strategy Consulting9.1%Financial Services/Economic Consulting5.7%5School Facilitated includes On-Campus Interviews, Job Postings, CareerFairs, Events, Resume Database, Faculty, CDO and Student Referrals.Finance - Other includes Internal Finance Consulting and Risk Management.MIT SLOAN MASTER OF FINANCE EMPLOYMENT REPORT Page 4

MASTER OF FINANCE CLASS OF 2020 INTERNSHIP EMPLOYMENT DATAINTERNSHIP EMPLOYMENT PROFILE1INTERNSHIP REGIONCOUNT% OF CLASS47100.0%Seeking Internship4697.9%Not Seeking Internship12.1%Total1Employment Profile data includes students whose degrees are conferred in February 2020.North AmericaNYC Metro3Boston 7.0%21.7%Hong KongINTERNSHIP MONTHLY BASE SALARYMEANMEDIANLOWHIGHEurope8.7% 6,429 6,750 550 11,200Oceania2.1%3INDUSTRY93.5%FinanceDiversified Finance Services37.0%Investment Management37.0%Investment Banking15.2%Private Equity4.3%ConsultingINTERNSHIP EMPLOYMENT100%OF STUDENTS SEEKING AN INTERNSHIPACCEPTED AN INTERNSHIP2.2%2Other2Includes CT.4.3%Other includes Biotech and Manufacturing.SOURCE OF %Investment Management23.9%Investment Banking19.6%Transactions [M&A/Securities issuance/Advisory]15.2%Sales & Trading10.9%Consulting2.2%Other2.2%MIT SLOAN MASTER OF FINANCE EMPLOYMENT REPORT Page 5SCHOOLFACILITATED4460%40%STUDENTFACILITATEDSchool Facilitated includes On-Campus Interviews, Job Postings, CareerFairs, Events, Resume Database, Faculty, CDO and Student Referrals.

EMPLOYERS HIRING MASTER OF FINANCE STUDENTSAcadian*Advent InternationalAlphadyne Asset ManagementAlphaSimplexAltman Vilandrie & Company*AQRArrowstreet CapitalA.T. KearneyAudax GroupBain & Company*Bank of America Merrill LynchBank of ChinaBarclays*BlackRock*BlackstoneBMO Capital MarketsBNP Paribas*Booz Allen HamiltonBrevet Capital ManagementC3Capula Investment ManagementCBOE Global MarketsChina International Capital CorporationChina Life CapitalChina RenaissanceChina Southern Asset ManagementCitadel SecuritiesCiti*Citic SecuritiesComversaCornerstone ResearchDeloitte Consulting*Deutsche BankEssence SecuritiesEYFidelity InvestmentsFortress BiotechFTI ConsultingGeode Capital ManagementGICGoldman SachsGotham Consulting PartnersGuotai Junan SecuritiesHoulihan LokeyIHS MarkitIMCJPMorgan Chase & Co.*KaikoLark HealthLazardLiberty CoveLvYue GroupMagnifiMassMutualMcKinsey & Company*MIT Golub Center for Finance and Policy*MoelisMorgan Stanley*MSCINasdaqNERA Economic ConsultingNorsk HydroOppenheimer FundsPanAgoraParametricPEAK6 InvestmentsPolaris Capital ManagementProgress PartnersQuantbot TechnologiesResearch AffiliatesRuitian InvestmentsSAFE ChinaSilverpeakSociété GénéraleStandard CharteredState Street Associates*T. Rowe Price*Wellington Management CompanyWorldQuantBolded companies hired at least two Master of Finance students in 2019 for full-time and/or internship positions.* Companies who have hired Master of Finance graduates for each of the last three years.MIT SLOAN MASTER OF FINANCE EMPLOYMENT REPORT Page 6

MASTER OF FINANCE CONTACTSCareer Development OfficeSusan BrennanMaster of Finance Program OfficeAssistant Deansusanbre@mit.edu / 1-617-253-3946Assistant Deanhpickett@mit.edu / 1-617-324-8121Heidi PickettAccuracy in Reporting Employment StatisticsThe MIT Sloan School of Management adheres to theMBA Career Services & Employer Alliance (MBA CSEA) Standardsfor Reporting Employment Statistics (mbacsea.org). Conformance to this business schoolindustry standard ensures accurate and comparable employment data. Currently, the majorityof the leading MBA programs adhere to these accepted reporting standards. MIT Sloan takes aleadership role to promote the importance of accurate and comparable employment and salarystatistics to prospective students and employers.Nondiscrimination Policy: Commitment to Equal OpportunityThe Massachusetts Institute of Technology is committed to the principle of equal opportunity ineducation and employment. The Institute prohibits discrimination against individuals on the basisof race, color, sex, sexual orientation, gender identity, pregnancy, religion, disability, age, geneticinformation, veteran status, or national or ethnic origin in the administration of its educationalpolicies, admissions policies, employment policies, scholarship and loan programs, and otherInstitute administered programs and activities; the Institute may, however, favor US citizens orresidents in admissions and financial aid.*The Vice President for Human Resources is designated as the Institute’s Equal Opportunity Officer.Inquiries concerning the Institute’s policies, compliance with applicable laws, statutes, andregulations, and complaints may be directed to Ramona Allen, Vice President for HumanResources, Building NE49-5000, 617-324-5675. In addition, inquiries about Title IX (which prohibitsdiscrimination on the basis of sex) may be directed to the Institute’s Title IX coordinator, SarahRankin, Room W31-223, 617-324-7526, titleIX@mit.edu. Inquiries about the laws and aboutcompliance may also be directed to the US Department of Education, Office for Civil Rights, RegionI, 5 Post Office Square, 8th Floor, Boston, MA 02109-3921, 617-289-0111, OCR.Boston@ed.gov.*The ROTC programs at MIT are operated under Department of Defense (DoD) policies andregulations, and do not comply fully with MIT’s policy of nondiscrimination with regard to genderidentity. MIT continues to advocate for a change in DoD policies and regulations concerninggender identity, and is committed to providing alternative financial assistance under a needs-basedassessment to any MIT student who loses ROTC financial aid because of these DoD policies andregulations.MIT SLOAN MASTER OF FINANCE EMPLOYMENT REPORT 2019

MASTER OF FINANCE CLASS OF 2020 INTERNSHIP EMPLOYMENT DATA INTERNSHIP EMPLOYMENT PROFILE1 COUNT % OF CLASS Total 347 100.0% Seeking Internship 46 97.9% Not Seeking Internship 1 2.1% 1 Employment Profile data includes students whose degrees are conferred in February 2020. INDUSTRY Finance 93.5% Diversified Finance Services 37.0%