class of 2019 employment report - cmu · class of 2019 employment report ... mscf resume...
TRANSCRIPT
CLASS OF 2019 EMPLOYMENT REPORT
INTERNSHIP & FULL-TIME EMPLOYMENT
2 0 1 9 F U L L - T I M E A N D I N T E R N S H I P S T A T I S T I C S F O R M S C F
S T U D E N T S W H O G R A D U A T E D I N D E C E M B E R 2 0 1 8 .
2
F U L L-T I M E E M P L OY M E N T I N F O R M AT I O NThere is no common standard for reporting placement information among professional financial engineering master’s programs, and the reports of such programs are not audited. MSCF is administered by the Tepper School of Business, and we follow the rigorous business school standards set by the MBA Career Services & Employer Alliance for Specialty Masters programs; see mbacsea.org/standards.
Permanent US Work Authorization*
Non-Permanent US Work Authorization
Number of Total Students
Percent of Total Students
TOTAL STUDENTS 17 78 95 100%
TOTAL NOT SEEKING EMPLOYMENT** 0 1 1 1%
TOTAL SEEKING EMPLOYMENT 17 77 94 99%
* Permanent Work Authorization is defined as U.S. Citizens and Permanent Residents. ** Not seeking category includes 1 company sponsored student.
Five accepted offers above include short-term, full-time internships (or short-term employment) as per MBACSEA Specialty Masters Standards. Short-term employment is defined as working 20 hours per week or more in a professional-level position for a minimum of 10 consecutive weeks.
F U L L-T I M E E M P L OY M E N T C O M P E N S AT I O N *
Mean Median Minimum Maximum Number of Students Reporting Salary Information**
BASE SALARY $103,890 $100,000 $54,600 $170,000 86
SIGNING BONUS $21,323 $15,000 $5,000 $57,500 56
* Excludes guaranteed and non-guaranteed bonuses, relocation expenses, stock options, and any other additional compensation.** 91% of students who accepted an offer reported a base salary and 60% of students who accepted an offer reported a signing bonus.
Total Students
Percent of Total Students
Total Students
Percent of Total Students
BY GRADUATION 83 88% BY GRADUATION 73 78%
BY 3 MONTHS AFTER GRADUATION 92 98% BY 3 MONTHS
AFTER GRADUATION 87 93%
BY 6 MONTHS AFTER GRADUATION 94 100% BY 6 MONTHS
AFTER GRADUATION 94 100%
T I M I N G O F F I R S T J O B O F F E R
Statistics calculated as of the graduation certification date of 1/11/19.
T I M I N G O F J O B AC C E P TA N C E
3
S O U R C E O F E M P L OY M E N T
S U M M E R I N T E R N S H I P C O N V E R S I O N
J O B P O S T I N G S/O N -CA M P U S R E C R U I T I N G
M S C F R E S U M E B O O K /A L U M N I
S E L F - D I R E C T E D J O B L E A D
S U M M E R I N T E R N S H I P C O N V E R S I O N
81% O F S T U D E N T S F O U N D J O B S U S I N G S C H O O L R E S O U R C E S
S E L F
S C H O O L- FAC I L I TAT E D
12%
7%
40%
27%
14%
4
FULL-T IME EMPLOYMENTJOB FUNCTION, INDUSTRY, AND LOCATION SUMMARY
Strats & Modeling 29%
Quant Research 27%
Sales & Trading 19%
Data Science 7%
Investment Bank 58%
Hedge Fund/Proprietary Trading 16%
Asset Management 11%
New York 76%Hong Kong/Singapore 9%Chicago/San Francisco 7%Other US 6%Other International 2%
J O B F U N C T I O N
I N D U S T RY
L O CAT I O N
Risk Management 7%
Quant Developer 5%
Portfolio Management 5%
Financial Consulting 1%
Insurance 5%
FinTech 5%
Consulting 5%
89%O F S T U D E N T S S E C U R E D F U L L-T I M E E M P L OY M E N T I N T H E U S
76%
9%
7%
6%
2%
29%
27%
19%
7%
7%
5%
1%
5%
58%
16%
11%
5%5%
5%
5
DECEMBER 2018 GRADUATES FULL-TIME RECRUIT ING PARTNERS
Employer Job Title Location
Goldman Sachs (9)
Analyst (3)New York
Analyst, Model Risk
Analyst, One Delta Equity Trading Hong Kong
Analyst, Technology
New YorkControllers Modeling Strat
Equity Desk Strats
Strats Analyst - IBD
Citi (6) Analyst, Quantitative Analysis (6) New York
Morgan Stanley (6)
Associate
New YorkAssociate, Fixed Income Strats
Associate, Global Capital Market Strats
Associate, Quantitative Strategies
Associate, Quantitative Strategies Hong Kong
Rates Desk Quantitative Strategist Internship London
Credit Suisse (6)
Analyst Sao Paulo, Brazil
Analyst, APAC Markets
Hong KongAnalyst, Equity Derivatives Quantitative Strategies
Analyst, QIS
Analyst, Quantitative ResearchNew York
Corporate Derivatives Trader
J.P. Morgan (5)
ALM Strategy Senior Associate
New York
Associate, Quantitative Strategies
Automated Trading Strategist
Beta Strategy Asset Management Modeling Analyst
Data Scientist
Deutsche Bank (4)
Analyst New York
Analyst, Global Markets Hong Kong
QuantNew York
Quant Analyst, Sales & Trading
Bank of America Merrill Lynch (3)
Associate
New YorkAssociate, Global Research
Associate, Quantitative Strategies
Millennium Advisors (3)
Bond Trader
Charlotte, NCFixed Income Trading Associate
Quantitative Analyst
PriceWaterhouseCoopers (2) Associate New York
Barclays (2)Associate
New YorkQuantitative Trader
BlackRock (2) Analyst New York
Chicago Trading (2)Analyst, Quantitative Trading
ChicagoAssociate, Quant Research
Employer Job Title Location
Millennium Partners (2)Quantitative Researcher
New YorkFixed Income Execution Analyst
MIO Partners, Inc. (2) Quantitative Research Analyst New York
Prudential Financial (2)Data Scientist
Newark, NJFinancial Modeling
Societe Generale (2)Analyst
New YorkAnalyst, Global Markets
Squarepoint Capital (2) Quantitative Researcher New York
AIG Investment Analyst New York
Aflac Associate New York
Allstate Data Scientist Menlo Park, CA
AQR Associate Greenwich, CT
Axioma Regional Client Services Specialist Hong Kong
BMO Capital Markets Associate New York
BNP Paribas Associate New York
BNY Mellon Risk & Quantitative Analyst New York
Cantor Fitzgerald Associate, Quant Research New York
Castleton Commodities Rotational Analyst Stamford, CT
Charles Schwab Associate, Quant Equity Research San Francisco
Citadel Quantitative Trading Analyst Hong Kong
DIA Associates Analyst New York
DRW Analyst, Quantitative Trading Chicago
Hindsight Technology Solutions Data Scientist, Internship South
Plainfield, NJ
HSBC Analyst, Global Markets New York
Huatai - PineBridge Investments Quantitative Researcher Shanghai
IMC Financial Markets Quant Researcher Chicago
Invesco Quantitative Analyst - Solutions Research Boston
KPMG Associate, Risk Analytics New York
Lazard Analyst, Investment Banking New York
Mizuho Securities USA Quantitative Research Analyst New York
Nomura Analyst, Global Markets Structured Trading Hong Kong
Oppenheimer Funds Research Consultant Internship New York
quantPORT Quant Researcher New York
RationalAi Data Scientist, Internship New York
Soros Fund Management Quantitative Analyst Internship New York
TRBINE Quant Dallas
Tudor Quantitative Analyst, Research and Trading New York
UBS Quantitative Analyst New York
Verition Fund Management Quantitative Analyst New York
Virtu Financial Analyst, Algorithmic Trading New York
Wells Fargo Quantitative Associate Charlotte, NC
Wisdom Capital Quant Analyst Internship New York
6
INTERNSHIP INFORMATION
2 0 1 9 G R A D UAT E S C O N D U CT E D I N T E R N S H I P S I N S U M M E R 2 0 1 8
Total Seeking Internship Total Number Accepting Internship
Total Percent Accepting Internship
PERMANENT WORK AUTHORIZATION 17 17 100%
NON-PERMANENT WORK AUTHORIZATION 77 77 100%
TOTAL STUDENTS 94 94 100%
S U M M E R I N T E R N S H I P M O N T H LY C O M P E N S AT I O N *
Mean Median Minimum Maximum Number of Students Reporting Salary Information**
BASE SALARY $7,865 $7,500 $3,070 $11,700 92
SIGNING BONUS $2,167 $2,500 $1,000 $2,500 6
* Excludes guaranteed and non-guaranteed bonuses, relocation expenses, stock options, and any other additional compensation.** 98% of students who accepted an offer reported a base salary and 6% of students who accepted an offer reported a signing bonus.
7
79% O F S T U D E N T S F O U N D I N T E R N S H I P S U S I N G S C H O O L R E S O U R C E S
S O U R C E O F S U M M E R I N T E R N S H I P
J O B P O S T I N G S/O N -CA M P U S R E C R U I T I N G
M S C F R E S U M E B O O K /A L U M N I
T R E KS * / CA R E E R FA I R S
S E L F - D I R E C T E D J O B L E A D
S E L F
S C H O O L- FAC I L I TAT E D
* School-facilitated student visits to employers
43%
32%
4%
21%
8
Strats & Modeling 29%
Quant Research 29%
Sales & Trading 15%
Risk Management 14%
Investment Bank 57%
Asset Management 18%
Hedge Fund/Proprietary Trading 11%
FinTech 6%
New York 66%
Other US 13%
Hong Kong/Singapore 13%
J O B F U N C T I O N
I N D U S T RY
L O CAT I O N
Data Science 6%
Portfolio Management 5%
Quant Developer 2%
Insurance 5%
Consulting 2%
Other 1%
Boston 5%
Chicago/San Francisco 3%
SUMMER INTERNSHIP JOB FUNCTION, INDUSTRY, AND LOCATION SUMMARY
29%
57%
66% 13%
13%
5%
18%
11%
6%
5%
29%
15%
14%
6%
5%
2%
2%
1%
3%
9
DECEMBER 2018 GRADUATES INTERNSHIP PARTNERS
Company Location # of Interns
Goldman Sachs New York 11
Morgan Stanley New York 6
Citi New York 5
Barclays New York 4
J.P. Morgan New York 4
Bank of America Merrill Lynch New York 3
Societe Generale New York 3
Acadian Boston 2
AQR Greenwich 2
Athena Capital Hong Kong 2
BlackRock New York 2
Cantor Fitzgerald New York 2
Credit Suisse Hong Kong 2
Credit Suisse New York 2
Goldman Sachs Hong Kong 2
Kaust IMC Arlington, VA 2
KPMG New York 2
Nomura Hong Kong 2
Academy Investment New York 1
Allstate Menlo Park, CA 1
Banco Santander Boston 1
BMO Capital Markets New York 1
BNP Paribas Hong Kong 1
BNP Paribas New York 1
BNY Mellon Pittsburgh 1
Capital One McLean, VA 1
Castleton Commodities Stamford 1
Company Location # of Interns
Chicago Trading Chicago 1
CME Group New York 1
Eldridge Industries New York 1
Freepoint Commodities Stamford, CT 1
HSBC Hong Kong 1
IC Asset Management Shanghai 1
ITG New York 1
Laurion Capital Management New York 1
Lazard New York 1
LedgerPrime New York 1
Loomis Sayles Boston 1
Moody's San Francisco 1
Morgan Stanley Hong Kong 1
MSCI New York 1
PanAgora Boston 1
PNC Pittsburgh 1
Principal Financial Group Des Moines 1
Prudential Financial Newark 1
Pugilist Pittsburgh 1
QMS Capital Management Durham 1
Quantedge Singapore 1
Radian Group New York 1
RationalAi New York 1
Research Affiliates Newport Beach 1
Squarepoint Capital New York 1
Transamerica Baltimore 1
Transamerica Exton, PA 1
STATEMENT OF ASSURANCE
Carnegie Mellon University does not discriminate
in admission, employment, or administration of its
programs or activities on the basis of race, color, national
origin, sex, handicap or disability, age, sexual orientation,
gender identity, religion, creed, ancestry, belief, veteran
status, or genetic information. Furthermore, Carnegie
Mellon University does not discriminate and is required
not to discriminate in violation of federal, state, or local
laws or executive orders.
Inquiries concerning the application of and compliance
with this statement should be directed to the university
ombudsman, Carnegie Mellon University, 5000 Forbes
Avenue, Pittsburgh, PA 15213, telephone 412-268-1018.
Obtain general information about Carnegie Mellon
University by calling 412-268-2000.
MASTER OF SCIENCE IN COMPUTATIONAL FINANCE
www.cmu.edu/mscf
CARNEGIE MELLON UNIVERSITY
5000 FORBES AVENUE
PITTSBURGH, PA 15213-3890
MASTERS ADMISSIONS OFFICE
TEL: 412.268.3679
DEPARTMENT OF MATHEMATICAL SCIENCES
DEPARTMENT OF STATISTICS & DATA SCIENCE
HEINZ COLLEGE OF INFORMATION SYSTEMS AND PUBLIC POLICY
TEPPER SCHOOL OF BUSINESS
“Carnegie Mellon
University is a small
research university that
cannot afford barriers
between departments.
We choose not to do
everything. Yet, in those
areas where we choose to
compete, we are among
the world’s best.”
S T E V E N S H R E V E
Orion Hoch Professor of Mathematical Sciences
Mellon College of ScienceMSCF Co-Founder
MSCF Steering Committee