New: 2024 Master of Finance (MFin) employment report

19 April 2024

The article at a glance

The latest employment report highlights how our MFin graduates have successfully embarked upon exciting career transitions.

Category: Programme news

The annual Cambridge MFin employment report details the outcomes of the graduating class. In the latest report, we breakdown the destinations of our 2022/23 MFin class, 3 months after completing their degree.

MFin graduates show resilience in the face of economic uncertainty

The 2022/23 class data shows that even in a challenging job market, Cambridge MFin graduates successfully secured a wide range of roles and navigated dynamic career transitions, despite the uncertain economic and financial conditions.

“Last year (2022/23) was an all-round difficult year for recruitment. Rising inflation and the consequent interest rate increases dominated the news, followed by one crisis after another. This global uncertainty resulted in nervousness around recruitment”, says Sadia Cuthbert, Head of Careers at Cambridge Judge Business School. 

“We are proud of our students’ resilience to these very challenging times. Seventy-eight per cent of job seekers had accepted full time jobs 3 months after completing the programme, and 84% had accepted jobs 4 months out. Our MFin students’ success in securing employment and navigating career transitions reflects positively on their abilities and the quality of education and support they receive.

“Overall, while the recruitment landscape may have been challenging, our MFin students’ success in securing employment and navigating career transitions reflects positively on their abilities and the quality of education and support they receive.”

Sadia Cuthbert, Head of Careers at Cambridge Judge Business School image

We are proud of our students’ resilience to these very challenging times. Seventy-eight per cent of job seekers had accepted full time jobs 3 months after completing the programme, and 84% had accepted jobs 4 months out. Our MFin students' success in securing employment and navigating career transitions reflects positively on their abilities and the quality of education and support they receive.

Sadia Cuthbert, Head of Careers at Cambridge Judge Business School

48% switched job function, industry and country (triple jump)

Our MFin 2022 graduating class – which represents 28 different nationalities – are now working in 13 countries around the globe, with 96% of the class achieving a switch of job function, industry or country, and many achieving all 3.

Sadia Cuthbert, Head of Careers at Cambridge Judge Business School, analyses these figures. “Even in this tough recruitment environment, there was a high rate of career switching with 96% of the class achieving at least one switch. Function switching jumped to 87% (up from 74% last year) with 48% of the class making a switch in all three (function, industry and country).”

Forty per cent chose to return to their pre-MFin country, with the rest switching to a new location. The UK remains the most popular destination for our graduates, with sixty-four percent securing jobs in the UK (with the majority based in London). Of those who switched countries, 77% have chosen to start their post-MFin careers in the UK.

Twenty-four per cent have accepted roles across Asia, 4% in North America and 4% in Europe (excluding the UK).   

Finance, consulting and industry are the most popular post-MFin sectors

After finishing their MFin degree, 64% went into roles within the finance sector, with 23% going into industry and 12% into consulting.

Across these sectors, investment banking, venture capital/private equity and professional services were the most popular sub-sector destinations. ESG investment and financial services consulting were also top choices.

The data also highlights the depth of knowledge and experience within the cohort, with students employed across 14 different sub-sectors of finance, including real estate, hedge funds, fintech, development banking, insurance and pensions services and ESG investment.

A total of 51 international employers recruited from our diverse MFin class of 2022/23. Of the students who accepted an offer within 3 months, 67% joined a new employer.

Entrepreneurs made up 5% of the class, with these students either starting their own company, being self-employed, or returning to their own existing business after completing the programme.

Marwa Hammam, MFin Co-Director, concludes, “The career transitions that many of our MFin 2022/23 students managed to achieve, despite the very uncertain economic and financial environment, are particularly commendable.

“Our rigorous experiential MFin, with its very diverse, topical elective options, gives our graduates the tools, skills and confidence they need to manage their careers successfully for life, wherever it may take them. We are proud of all they have achieved, and we are looking forward to seeing how their careers develop.”

Marwa Hammam, MFin Co-Director image

The career transitions that many of our MFin 2022/23 students managed to achieve, despite the very uncertain economic and financial environment, are particularly commendable. Our rigorous experiential MFin, with its very diverse, topical elective options, gives our graduates the tools, skills and confidence they need to manage their careers successfully for life, wherever it may take them. We are proud of all they have achieved, and we are looking forward to seeing how their careers develop.

Marwa Hammam, MFin Co-Director

Access the full report

Request your copy of the 2024 MFin employment report.

MFin employment report screens.