Career Placement

Career Placement
The Department actively and successfully assists its graduate students in career placement. Placement activities are directed by the Departmental Placement Officer. Placement is a well-organized activity among hiring institutions and those seeking employment. Information is exchanged and interviews are arranged at MIT and at the annual American Economic Association meetings.

The market for new Ph.D.s in economics from MIT remains strong. Over the last ten years, more than 60% of our Ph.D.s have gone into academic positions. The remainder have taken jobs in government, international agencies, and private firms.

The placement pattern for the 42 students graduating in 2006 and 2007 was as follows: 26 (62%) took jobs in universities or colleges, 4 (9%) in government agencies, 9 (22%) in private businesses, and 3 (7%) in international organizations. Of the 26 students that placed in academic positions, 9 were placed in universities with top-ten economics departments or business schools.

Recent academic placements: American University of Beirut, Universita Bocconi, Brown University, University of California, Berkeley, University of California, Riverside, University of California, San Diego, Carnegie Mellon University, University of Chicago (Graduate School of Business), University College London, Columbia University, Cornell University, Duke University (Fuqua School of Business), Harvard University, Harvard Business School, University of Houston, Illinois State University, University of Missouri, New York University (Stern School of Business), University of North Carolina, Chapel Hill (School of Public Policy), Northwestern (Kellogg School of Management), University of Oregon, Universitat Pompeu Fabra, Princeton University, Stanford University (Graduate School of Business), Stockholm School of Economics, University of Tennessee, Tilburg University, University of Toronto, University of Virginia, Wayne State University, Wellesley College, West Point, Yale University.

Recent non-academic placements: Analysis Group, the Bank of Thailand, the Central Bank of Hungary, Deloitte and Touche, the Department of Justice, the Federal Reserve Board of Governors, the Federal Reserve Bank of New York, the Inter-American Development Bank, Lexecon, the International Monetary Fund, NERA, the Reserve Bank of Australia, the World Bank.

The average academic year (non-business school) salary offered for a teaching position was $103,000. The average business school salary offer was $135,000. The average salary offered for a 12-month position in a research institute/international organization was $97,000. The average 12-month salary for government positions was $93,000, and for business positions was $128,000.