What's the highest paying job I can secure with a top 10 ranked financial engineering masters?
I am about to start a top 10 financial engineering masters. I am really excited because the program combines finance with engineering and data science. I reached out to the career services and asked them what types of jobs enable graduates to end up with the +$120,000 USD starting salaries that they mention in their programme's marketing material, but I haven't heard back despite following up multiple times. I've looked around for answers on other forums, but a lot of the datapoints are unverifiable.
- What types of high-paying jobs can one obtain straight out of grad school with a MS from a top 10 financial engineering programme?
- Is it really true that the average starting salary for graduates from top 10 MS financial engineering programmes is $110k+ a year?
Any extra thoughts, tips, or warnings would be greatly appreciated. Looking for reliable data. Thank you.
It depends on the program, but 120k base salary sounds right (or even low) for the top programs
Oh sweet. Thank you, Tryna Trade. I appreciate it. By the way, what are titles or positions that pay the most straight out of these financial engineering programs? Thanks again
I believe most bank jobs coming from these programs would be associate level (on the trading/strat side) which is about 110k on the low end and ~150k on the higher end. At hedge funds/trading firms it's probably a wider range, something like 120-200k base, with more people closer to 120 than 200 right out of school. Going into risk or starting at a bank at the analyst level, the base would be under 100k (~85?).
The point is, trading firms and hedge funds definitely paying the most coming out of these programs. Titles is a tricky thing because the same title can mean different things at different firms, but alpha generating positions will get paid the most. Keep in mind that the numbers I quoted above are only base salary and don't include signing/year end bonuses.
Thank you so much. By the way, from your experience, do you run into a lot of grads from the University of Chicago MS Financial Mathematics, Georgia Institute of Technology MS Quantitative Computational Finance, or UCLA Financial Engineering? Do you see more people from GT MSQCF in the industry than you do UCLA Financial Engineering or MIT Finance grads? Thanks again for your time and help Tryna Trade
Just asking because making a decision here. Trying to gauge the ROI and where I can get in terms of opportunities with a MSQCF or MS FinEng. Thank you!
To be honest, I haven't interacted with anyone from any of those programs except MIT, and that wasn't in a quant/financial engineering role. I don't think I know enough about those specific programs to comment helpfully.
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