MIT Engine Fund Salary

MIT Engine Fund Salary

How much does the MIT Engine Fund Pay for employees?

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As of August 2026, the average hourly salary for employees at MIT Engine Fund in the United States is $51. This translates to an approximate annual wage of $106,292. Salaries at MIT Engine Fund typically range from $45 to $58 hourly, reflecting the diverse roles and experience levels within the company. MIT Engine Fund’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.
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Current Job Openings at MIT Engine Fund

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Is MIT Engine Fund’s Pay Competitive? Salary Benchmarking Analysis

How does MIT Engine Fund’s compensation stack up against the market? This analysis visualizes their hourly average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
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Average Salary ($/year)
MIT Engine Fund
Financial Services
GSCP 2000 Offshore BBOG Holding LP
Iron Road Capital Partners LLC
Industry Comparison
Our data shows that, on average, compensation at MIT Engine Fund is below the average for the U.S. Financial Services industry by approximately 13%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared MIT Engine Fund average annual salary with several similar companies. MIT Engine Fund average salary of $106,292 is lower than GSCP 2000 Offshore BBOG Holding LP, which has an average salary of $112,262. It is higher than Iron Road Capital Partners LLC, with their average salary at $95,934. This places MIT Engine Fund in a mid-range position among its peers.
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Companies Similar to MIT Engine Fund and Their Hourly Pay Rates

Explore companies in the same industry to compare average salaries, benefits, and career opportunities with those at MIT Engine Fund. Click a company name to learn more.

Employee Reviews: Working at MIT Engine Fund

Considering a career at MIT Engine Fund? Explore authentic employee reviews to learn about the work environment, career growth opportunities, pay transparency and benefits. These first-hand insights can help you set realistic compensation expectations and make informed career decisions.
The leadership team is professional and approachable. Highly collaborative workplace with strong systems in place. Processes are well defined but can hinder flexibility and innovation. Leadership communicates a clear vision, ensuring everyone is aligned with company goals.
Commented in April 04, 2025
28
1
Offices are designed for both collaboration and focused work, with state-of-the-art technology. Total rewards packages are competitive within our sector. The company delivers on predictability. Charitable matching amplifies personal donations. The work environment is positive, collaborative, and encourages innovation. The collaborative spirit here is unmatched. Working provides immense intellectua...
Commented in March 25, 2025
31
2
What I appreciate most about this firm is its commitment to excellence. Training programs exist but vary in quality by team. I appreciate the leadership’s transparency and commitment to employee engagement.
Commented in January 20, 2024
36
0

MIT Engine Fund Overview

Website
Data pending, update soon.
Founded In
Data pending, update soon.
Employees
50 - 100 employees
Industry
Financial Services
Headquarter Address
501 Massachusetts Ave Cambridge Massachusetts MA 02139
Revenue
$5 Million - $10 Million
Phone Number
-
Social Media
About MIT Engine Fund
MIT Engine Fund is a company that operates in the Financial Services industry. It employs 51-100 people and has $5M-$10M of revenue. The company is headquartered in Cambridge, Massachusetts.

What Benefits Does MIT Engine Fund Offer Beyond Salary?

A competitive compensation package is more than just a salary. MIT Engine Fund offers a comprehensive benefits package designed to support your health, financial future, and overall well-being. Below are the most common key benefits:
Social Security
401(K)
Disability
Healthcare
Pension
Time Off (days)
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What Is the Cost of Living Near Cambridge?

Understanding the cost of living near Cambridge is key to truly evaluating a salary offer or your current compensation at MIT Engine Fund.
Cambridge's Cost of Living Index is approximately 197.8 (97.8% more expensive than US average; 49.2% more than MA average). Home to Harvard/MIT, extremely high housing costs, very high overall expenses. MBTA. When planning your budget based on a salary from MIT Engine Fund, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $2,800 - $4,200+ A significant portion of MIT Engine Fund salary. Location choices impact this heavily.
Utilities (Basic) $180 - $290 Electricity, Heating, Cooling, Water etc.
Public Transportation $90 (MBTA LinkPass monthly) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $520 - $800 Can be higher with more dining out or specialty stores.
Personal & Leisure $600 - $1,100+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $460 - $880+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $4,650 - $7,270+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

FAQs of MIT Engine Fund

1. What is the estimated average total compensation at MIT Engine Fund?

Salary.com estimates that the average total compensation package at MIT Engine Fund, which can include base salary, potential bonuses, and benefits, is around $51 per hour . Total compensation provides a more holistic view of an employee's earnings.

2. How much does MIT Engine Fund pay compared to GSCP 2000 Offshore BBOG Holding LP?

The average annual salary at MIT Engine Fund is $106,292, or an hourly wage of $51, in comparison to GSCP 2000 Offshore BBOG Holding LP which pays $112,262 per year or $54 per hour.

3. What's the typical salary progression for an employee moving from an entry-level to a senior role at MIT Engine Fund?

Salary progression from an entry-level to a senior role at MIT Engine Fund can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.

4. How can I determine if a salary offer from MIT Engine Fund in Cambridge is fair given the local cost of living?

To determine if a salary offer from MIT Engine Fund in Cambridge is fair, first compare the gross salary to our data for similar roles at MIT Engine Fund and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Cambridge" to understand its purchasing power.

5. Are promotions at MIT Engine Fund usually accompanied by a significant salary increase?

Yes, promotions at MIT Engine Fund are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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