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Massachusetts Institute of Technology
The Massachusetts Institute of Technology is one of the world's most renowned schools for STEM (Science, Technology, Engineering & Mathematics). Although MIT's students skew towards more technical fields, MIT still places a handful of graduates into investment banking every year.
MIT ranks #39 on our investment banking target school list, qualifying it as a lower semi-target school. MIT certainly has the cachet to place people into finance and investment banking, but we observe that its students often opt for more quantitative finance and hedge fund roles. As such, MIT tends to have fewer undergraduate alumni in pure investment banking roles.
MIT is home to the Sloan School of Management, a top-ranked institution offering business education to undergraduates and graduates alike.
What is perhaps the most impressive statistic regarding MIT's placements is its astounding Elite Firms % of 87%, which is the highest of all target schools. This indicates that the vast majority of MIT graduates end up at the very top investment banks. MIT sends the largest number of hires into Goldman Sachs and Morgan Stanley, often considered the top 2 investment banks.
MIT has a small undergraduate business population of fewer than 200 students. This may make it harder for MIT to find alumni at a wide variety of firms, which leads to MIT's low Presence score of 18%.
We note that MIT has comparably stronger private equity placements relative to its investment banking placements, which is a typical hallmark of a prestigious school.
Our investment banking target school list is a complete rank of 60 schools and analyzed >60k LinkedIn profiles of professionals who worked in investment banking between 2008 and 2023. We filtered the data to examine U.S. hires into the top investment banks.
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Investment Banking Placement
School Factsheet
Established: 1861
Location: Cambridge, Massachusetts
Business School Name: Sloan
# of Undergrads: 4,638 per U.S. News
# of Business School Undergrads: 177
Median Starting Salary (2022): $89k
President: Sally A. Kornbluth
U.S. News Global Rank (2022-2023): #2
QS World University Rankings: #1
Financial Times MBA Rank: #11