Princeton University

Master in Finance

Despite the economic environment, we have achieved 95 percent placement for 2009 summer internships, and 90 percent placement (as of June 2009) for fulltime positions. In times like these, we especially appreciate the critical support of our Advisory Council and our Corporate Affiliates.

Goldman Sachs QIS, NYC

JPMorgan Chase: 12 graduates
Asset management in New York
Emerging markets trading in New York
Equity derivatives trading in New York
Fixed income trading in London
Fixed income research in New York (3)
Mortgage-backed securities in New York
Proprietary trading in New York (3)
Structured credit products in New York

Goldman Sachs: 10 graduates
Equity research in Hong Kong
Derivatives trading in London (2)
Options trading in Chicago
Private client strategy in New York (2)
Proprietary trading in New York
Principal strategies in London
Quantitative strategies in New York (2)
 

Barclays and Lehman Brothers: 9 graduates
Fixed income research and analytics in New York (4)
Emerging markets trading in New York
Asset backed securities in New York (2)
Commodities trading in New York

Ph.D. Programs: 6 graduates
Princeton University
London Business School
Northwestern University
Oxford University
Wharton School, University of Pennsylvania (2)

Government of Singapore: 9 graduates
Monetary Authority
Development Bank
Ministry of Finance (3)
International Enterprise

Credit Suisse: 3 graduates
Asset backed securities in New York
QSI program in New York

Citadel Investments:  4 graduates
Portfolio Management and quantitative analysis in Chicago
Fixed income in New York

Citigroup: 2 graduates
Currency trading in New York
Fixed income analysis in New York

Merrill Lynch: 3 graduates
Capital markets in New York
Credit derivative sales in New York
Interest rates derivatives trading in New York

Morgan Stanley: 6 graduates
Emerging markets trading and equity derivatives structuring in New York
IDEAS Group - Quantitative strategies in New York
Fixed Income trading in New York
Fixed income trading in Hong Kong

Oak Hill Platinum Partners: 2 graduates
Hedge fund trading in Greenwich (2)

Princeton University Investment Co. (PRINCO): 2 graduates
Asset management in Princeton (2)

One graduate each:
APAX Partners: Private equity in New York
Bank of Italy: Bank supervision in Milan
Barclays Capital: Fixed income research in New York
BlackRock: Portfolio Analytics Group
CIT Corporation: Corporate finance in New York
Constellation Energy: Power trading in Baltimore
Dean and Co.: Financial consulting analyst in Washington
Derivatech: Derivatives pricing software in New York
Deutsche Bank: Global capital markets in New York
Empirical Research Partners: Quantitative equity modelling in New York
Gleacher & Associates: Mergers and acquisitions in New York
Hagin Investment Management: Quantitative asset management in New York
LarrainVial, financial services in Santiago, Chile
McKinsey and Co. Business consulting in Paris
Mitsui Bank: Commodities trading in New York
Moody's Investors Service: Financial research in New York
New York Federal Reserve: Banking supervision in New York
NRG Energy: natural gas trading in Princeton
Putnam Investments: Quantitative asset management in Boston
Reserve Bank of Australia: Credit research and forecasting in Sydney
Sanford Bernstein: Quantitative asset management strategy in New York
SembCorp Industries: Finance in a manufacturing company in Singapore
Shanghai Stock Exchange, Senior Research Fellow
Sidley & Austin: Derivatives law in New York
Silvercrest Asset Management Group: Asset Management in New York City
Susquehanna International Group: Senior Trader
Two Sigma Investments: Quantitative technology and finance in New York
World Bank: International Finance Corporation

Our two-year students have obtained internships with the same types of employers, often leading to an offer of permanent employment after the internship ends.

In broad terms, students with prior work experience are compensated in terms comparable to an MBA graduate; students without prior experience are compensated somewhere in between an undergraduate and an MBA graduate (who often have a few years of work experience prior to completing their degree). The average first year starting salary of our June 2008 graduates was $140,000. These numbers include only salary and guaranteed bonus. In addition, most people receive an additional bonus which is determined based on their performance and that of their group at the end of the year. This additional amount often represents 10 to 25 percent of the base salary for rookies (and often more for those with prior work experience) and is not included in the figures above.

Since the MFin program started in 2001, seven classes have graduated and The Bendheim Center for Finance has an almost 100 percent placement record, with every student finding permanent employment through 2008. 90% of the 2009 graduating students have received offers of full-time employment.