The mechanical properties of dissimilar MMC/AISI 304 stainless steel friction welds with and without silver interlayers were examined. The notch tensile strengths of MMC/AISI 304 stainless steel and MMC/Ag/AISI 304 stainless steel friction welds increased when high friction pressures were applied during the joining operation. The higher notch tensile strengths of dissimilar MMC/AISI and MMC/Ag/AISI 304 stainless steel friction welds resulted from the formation of narrow softened zones in MMC material immediately adjacent to the bondline. The influence of softened zone width and hardness (yield strength) on the notch tensile strengths of dissimilar welds was analysed using finite element modelling (FEM). FEM in combination with the assumption of a ductile failure criterion was used to calculate the notch tensile strengths of dissimilar joints. The key assumption in this work is that dissimilar weld failure wholly depended on the characteristics (mechanical properties and dimensions) of the softened zone formed in MMC material immediately adjacent to the bondline. The modelling results produced based on this assumption closely correspond with the actual notch tensile strengths of dissimilar MMC/Ag/AISI 304 stainless steel and MMC/Ag/AISI 304 stainless steel friction welds.