If you're considering studying a quantitative Masters in Finance course with a view to taking up a quant job in the financial services industry, then be warned: not all courses lead to equally generous starting salaries.
A new study of quantitative masters courses by Risk.Net suggests that the most lucrative Masters in Finance courses are based on the U.S. - Four of the five courses paying $113k or more are in America.
By comparison, most of the quant Masters in finance courses with the lowest salaries are in Europe, or in China.
Risk.net points out that the average starting salary for graduates of the top five courses is now $118k, up 3.4% on last year. Conversely, the average starting salary for graduates of the lowest paid courses was just $40k. These are just salaries: bonuses will be paid on top.
The highest paid Masters in Finance graduates come from Baruch College in New York. Dan Stefanica, the director of the Master of Science in Finance course at Baruch, told Risk.net that three of his students accepted jobs at Morgan Stanley on salaries of $125k in August. "Then, in December, they got an email saying: ‘Your base has been raised to $150k,” he added.
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