22 master programs in Financial Engineering, Mathematical Finance, Quantitative Finance were surveyed from July to August 2011 on admission, placement, and career services information. 21 of the 22 programs responded, of which 19 programs (86%) provided the data needed to calculate the rankings based on a weighted average of the categories described below.
Employer Survey Score (25%)
From August to early September 2011, Quantnet surveyed hiring managers and corporate recruiters representing a wide range of quantitative groups across financial institutions in US, UK and Asia to indentify which of the 22 programs in the 2011 ranking whose graduates they have interviewed or hired from within the last three years; of those surveyed, 39% responded.
Placement Success (50%)
- Employment Rate at Graduation (10%)
This is the employment rate for the latest graduate cohort at their graduation.
- Employment Rate Three Months after Graduation (15%)
This is the employment rate for the latest graduate cohort 3-moth after their graduation.
- Starting Salary (20%)
The average starting salaries (exclude bonuses) of the most recent graduate cohort.
- Students/Administrator Ratio (5%)
The Class Size was divided by the number of administrators supporting the students.
Student selectivity (25%)
- GRE Scores (10%)
This is the average ETS GRE quantitative scores of students accepted in the most recent incoming cohort.
- Undergraduate GPA (5%)
This is the average undergraduate grade-point average of those most recent incoming cohort of the program.
- Acceptance Rate (10%)
This is the percent of applicants to the program who were accepted.
Overall score
A score for each program is accumulated from the points in each category multiplied by the category's assigned weighted average. The final scores were rounded to the nearest integer. A tie is determined if any two or more programs have the same final score and tied programs are listed alphabetically.
For programs that do not provide statistics, their most recent published data was used.
