Is MIT MFin worth it for someone aiming to work in New York investment banking?

Question

Shruti T · Accepted Answer

If the end goal is New York IB, the brand and access matter more than the degree title, and MIT MFin checks both boxes.
&bull; The Sloan name carries serious weight on Wall Street, especially for technical roles in M&A, leveraged finance, or restructuring. &bull; MIT&rsquo;s OCR gives direct access to top NY firms &mdash; GS, Citi, Lazard, and more. &bull; The 18-month track is ideal for securing summer internships, which often convert to full-time IB roles. &bull; IB roles are fast-paced, and MIT&rsquo;s heavy quant rigor prepares students well for interviews and on-the-job demands. &bull; Unlike MBA grads, MFin students compete more for analyst or junior associate roles &mdash; but entry isn&rsquo;t a problem if the profile is strong. &bull; Career outcomes are solid, with many grads reporting base salaries north of $120K in IB roles.
The ROI makes sense if there&rsquo;s clarity of goal and willingness to hustle for NY-based recruiting.
For more details you can read this blog on "MIT MFin"

Isha B · Answer

Breaking into New York IB from MIT MFin isn&rsquo;t automatic &mdash; but it can be done with the right playbook.
&bull; While many classmates gravitate toward buy-side or quant roles, IB recruiters from Goldman, JPMorgan, and Moelis do visit campus. &bull; Students who join finance clubs and case competitions often gain the networking edge banks expect. &bull; Proximity to NYC is less of an issue &mdash; alumni host regular networking treks and connect candidates to live openings. &bull; Strong internship experience before or during the program is almost a must, as IB hiring is still heavily experience-driven. &bull; Customizing electives toward corporate finance, valuation, and capital markets signals alignment with IB roles.
For someone set on New York investment banking, MIT MFin works best when combined with early outreach, alumni networking, and a clear focus on IB during every step of the program.
For more details you can read this blog on "MIT MFin"

Hema A · Answer

MIT MFin is absolutely worth it for breaking into investment banking in New York, especially if the goal is top-tier firms.
The program places well into IB roles at firms like Goldman Sachs, Morgan Stanley, and Evercore. What makes it stand out is the blend of quant-heavy coursework with strong career support &mdash; a combination that&rsquo;s valued in technical roles like M&A and financial modeling.
New York banks actively recruit from Sloan, and the optional 18-month track gives time for summer internships, which is often the best entry point into full-time IB offers. Students from non-finance backgrounds can also build their profile through electives, clubs, and networking events hosted by Sloan Finance Group.
It&rsquo;s a high-cost program, but the access to NY-based alumni and headhunters &mdash; plus strong OCR presence &mdash; makes it a strategic investment for those serious about the NY IB scene.

Ishaan M · Answer

MIT MFin can be a strong pathway for breaking into New York investment banking, but the value depends on how you position yourself during the program. The brand carries weight on Wall Street, and the career office has direct connections with bulge bracket and elite boutique banks in NYC. While the class isn&rsquo;t IB-focused &mdash; many lean toward asset management or quant &mdash; students who network aggressively and target finance electives can secure interviews with Goldman Sachs, Morgan Stanley, Evercore, and PJT Partners. Location is a small hurdle since recruiting trips to New York require planning, but alumni in NYC often open doors for coffee chats and referrals. Banks typically look for strong modeling, corporate finance, and deal experience &mdash; so pairing the MFin with summer internships or off-cycle roles during the program boosts odds significantly. For IB in New York, it&rsquo;s worth it if you use the MIT name strategically.

Aarushi S · Answer

Yes, MIT&rsquo;s Master of Finance is worth it for someone targeting investment banking in the U.S. The program is well recognized by Wall Street firms, and graduates regularly land roles at Goldman Sachs, Morgan Stanley, and JPMorgan. Average base salary is around $120K&ndash;$125K, with bonuses pushing total comp to $140K+. That makes the ROI strong despite tuition of about $138K.
What helps IB placement is the brand plus the career office&rsquo;s direct links with New York and Boston banks. Networking events, on-campus recruiting, and alumni connections are strong, which matters because IB hiring in the U.S. is heavily relationship-driven. Compared to many European MiFs, MIT&rsquo;s location and U.S. STEM status also give international students three years of OPT, which is a big safety net.