Chicago MSFM (10/29)
Info session (8-9AM CST)
UCB MFE (11/6)
Info Session (10-11AM PST)
Rutgers MQF (11/6)
Info Session (9-10AM EST)
UCLA MFE (11/13)
Admission Panel

2014 QuantNet Ranking of Best MFE Programs

QuantNet 2014 Ranking Badge SVG

The QuantNet ranking of Financial Engineering, Mathematical, and Quantitative Finance master's programs in the US offers detailed insights into placement and admission statistics from the nation's top programs. It serves as the ultimate guide for prospective applicants, helping them choose and enroll in the best master’s programs in quantitative finance.

Carnegie Mellon University - MS in Computational Finance

Carnegie Mellon University

New York, NY 10005 | Pittsburgh, PA 15213 MS in Computational Finance
1
Total Score
100
The Carnegie Mellon University's Master of Science in Computational Finance (MSCF) is a 16-month financial engineering degree developed through the joint venture of the Computer Science Department, Department of Mathematical Sciences, Department of Statistics & Data Science and the Tepper School of Business. Application Deadline: Dec 1 (round 1), Mar 1 (round 2)
  • MSCF: The most well-rounded quant program
  • Class of 2026
I came to the program with no full time working experience and academical (but less practical) knowledge mainly in Math and Econ. This program helped me become technically ready for most quant jobs and taught me how to communicate effectively. Here are reasons I think... (more)
4.70 star(s) 54 reviews
Pending 5 Waitlisted 3 Accepted 414 Rejected 442
Tuition
$77,100
Enrollment
90 FT
Acceptance rate
16.0%
Undergrad GPA
Employment Rate
At Graduation
82%
After 3 months
85%
Compensation
Base
$87,200
Visit program's website
Columbia University - Masters in Financial Engineering

Columbia University

New York, NY 10027 Masters in Financial Engineering
2
Total Score
99
Launched in 2002, Columbia University's Master in Financial Engineering (MFE) program is offered by the Industrial Engineering and Operations Research Department under The Fu Foundation School of Engineering and Applied Science. This one-year, full-time program, starts in the fall semester. Application Deadline: Jan 15
  • Good Program, some things could be better
  • Class of 2024
I will structure this review into the following categories: students, classroom instruction, program resources, and career training. Students: Given that the program has a 10% acceptance rate, the students that are accepted are necessarily the best of the best. Many... (more)
3.31 star(s) 16 reviews
Pending 9 Waitlisted 8 Accepted 413 Rejected 497
Tuition
$52,992
Enrollment
71 FT
Acceptance rate
10.0%
Undergrad GPA
Employment Rate
Compensation
Visit program's website
Princeton University - Master in Finance

Princeton University

Princeton, NJ 08544 Master in Finance
2
Total Score
99
The Princeton University Master in Finance (MFin) program is offered by the Bendheim Center for Finance. Established in 1999, this two-year program begins each fall. Application Deadline: Dec 15
Reviewed by Verified Member
  • Great university and program
  • Class of 2026
I’ll divide this review into two parts — the recruitment side (career services) and the academic environment. Recruitment Side: The career services team does a solid job. They bring a lot of companies to campus throughout the year, and even outside the MFin program... (more)
4.88 star(s) 8 reviews
Pending 7 Waitlisted 2 Accepted 71 Rejected 293
Tuition
$86,500
Enrollment
26 FT
Acceptance rate
4.6%
Employment Rate
Compensation
Visit program's website
Baruch College - Master in Financial Engineering

Baruch College

New York, NY 10010 Master in Financial Engineering
4
Total Score
98
The Baruch College's Master of Financial Engineering (MFE) program is offered by the Math Department under the Weissman School of Arts and Sciences. This three-semester program starts in the Fall semester. Application Deadline: Nov 1 (round 1), Dec 1 (round 2), Jan 15 (round 3), Mar 15 (round 4)
  • Perfect place to start a quant career
  • Class of 2024
Outstanding career support, strong connections with the industry and many interview opportunities in buy and sell side. This is in large part a consequence of the small class size, so that each student can be closely followed and assisted in the job search. Course... (more)
4.94 star(s) 33 reviews
Pending 19 Waitlisted 0 Accepted 230 Rejected 388
Tuition
$35,040
Enrollment
40 FT
Acceptance rate
9.4%
Undergrad GPA
Employment Rate
At Graduation
86%
After 3 months
95%
Compensation
Base
$103,000
Visit program's website
University of California, Berkeley - Master of Financial Engineering

University of California, Berkeley

Berkeley, CA 94720 Master of Financial Engineering
4
Total Score
98
The UC Berkeley Master of Financial Engineering (MFE) program is offered by the Berkeley Haas School of Business. Established in 2000, this one-year program commences each spring. Application Deadline: Jan 16 (round 1), Apr 1 (round 2), Jun 5 (round 3), Oct 1 (round 4)
  • Rising again
  • Class of 2026
I had heard mixed things about the career services from the previous batch, and it’s true that after Linda’s departure, the program initially struggled in that area. However, despite those challenges, the prior year's full-time employment results were still quite solid... (more)
4.18 star(s) 44 reviews
Pending 2 Waitlisted 12 Accepted 244 Rejected 152
Tuition
$58,895
Enrollment
68 FT
Acceptance rate
19.0%
Employment Rate
Compensation
Visit program's website
New York University - MS in Mathematics in Finance

New York University

New York, NY 10012 MS in Mathematics in Finance
6
Total Score
97
The New York University's MS in Mathematics in Finance program is offered by NYU’s Courant Institute of Mathematical Sciences. This three-semester program starts in the Fall semester. Application Deadline: Feb 8
  • Time consuming.
  • Class of 2026
I chose NYU’s MSFM program over Columbia’s MAFN, now I feel some regret I come from a math and econ background, I had prepared myself thoroughly before entering the program, stochastic calculus, machine learning, regression analysis, statistics, programming, CTA... (more)
4.42 star(s) 12 reviews
Pending 2 Waitlisted 0 Accepted 213 Rejected 296
Tuition
$62,000
Enrollment
45 FT
Acceptance rate
8.0%
Employment Rate
Compensation
Visit program's website
Columbia University - MA in Mathematics of Finance (MAFN)

Columbia University

New York, NY 10027 MA in Mathematics of Finance (MAFN)
7
Total Score
92
The Master of Arts in Mathematical Finance (MAFN) program is offered jointly by the Department of Mathematics and Department of Statistics at Columbia University. The program can be completed in two or three semesters for full-time students. Application Deadline: May 1
  • Outstanding - the best of the best.
  • Class of 2004
Faculty and colleagues are second to none. Period. Solid and rigorous mathematics. Not for the timid. Students from all over the globe. Visiting professors are top-flight. Albert Shiryaev told stories of Kolmogorov. Derman, Karatzas, Protter, Smirnov, etc. are... (more)
4.65 star(s) 17 reviews
Pending 4 Waitlisted 0 Accepted 266 Rejected 187
Tuition
$54,720
Enrollment
102 FT
Acceptance rate
19.6%
Undergrad GPA
Employment Rate
At Graduation
50%
After 3 months
87%
Compensation
Base
$78,000
Visit program's website
Massachusetts Institute of Technology - Master of Finance

Massachusetts Institute of Technology

Cambridge, MA 02139 Master of Finance
8
Total Score
90
Established in 2008, the MIT Master in Finance (MFin) program is a 18-month, full-time program starting in the summer, offered by the Sloan School of Management. Application Deadline: Jan 5
  • Pre-experience Business School
  • Class of 2026
To give a summary of the program's main features and bugs: Good: - Highly flexible. You can truly do whatever you want with this degree -- whether you want it to be completely quant focused, or basically an MBA. - Extremely sharp cohort. Many of your classmates will... (more)
3.81 star(s) 27 reviews
Pending 6 Waitlisted 2 Accepted 220 Rejected 395
Tuition
$74,900
Enrollment
127 FT
Acceptance rate
11.1%
Undergrad GPA
Employment Rate
At Graduation
84%
After 3 months
95%
Compensation
Base
$79,156
Visit program's website
Cornell University - Master in Financial Engineering

Cornell University

Ithaca, NY 14850 Master in Financial Engineering
9
Total Score
88
The Cornell University's Master in Financial Engineering program is offered by School of Operations Research and Information Engineering (ORIE) under Cornell Engineering. Established in 2006, this three-semester program starts in the Fall semester in Ithaca, upstate NY with the last semester in New York City. Application Deadline: Dec 1
Reviewed by Verified Member
  • Average Program
  • Class of 2025
Academics: Overall, I would rate the academics as average. You’ll spend your first year on the Ithaca campus taking classes from ORIE department professors. Some of them are excellent, while others are less engaging , so you’ll need to rely heavily on self-study. That... (more)
4.40 star(s) 10 reviews
Pending 3 Waitlisted 0 Accepted 333 Rejected 266
Tuition
$69,000
Enrollment
45 FT
Acceptance rate
23.0%
Undergrad GPA
Employment Rate
At Graduation
78%
After 3 months
93%
Compensation
Base
$82,500
Visit program's website
Georgia Institute of Technology - MS in Quantitative and Computational Finance

Georgia Institute of Technology

Atlanta, GA 30332 MS in Quantitative and Computational Finance
10
Total Score
82
The Master of Science in Quantitative and Computational Finance (QCF) program is an interdisciplinary education between the Scheller College of Business, H. Milton Steward School of Industrial & Systems Engineering and School of Mathematics. Application Deadline: Spring: Aug 1 (round 1), Oct 1 (round 2), Fall: Dec 5 (round 1), Mar 15 (round 2), May 1 (round 3)
  • Probably the best choice if you can't go to the top 4
  • Class of 2025
Qcf went up to top 8 this year on quantnet, which made it highly competitive for 2025 fall. Of course, you can't rely on the career service to get an amazing offer from a hedge fund, but it's good enough for most people in this hard time. (more)
4.00 star(s) 12 reviews
Pending 8 Waitlisted 0 Accepted 237 Rejected 160
Tuition
$54,144
Enrollment
45 FT
Acceptance rate
26.6%
Employment Rate
At Graduation
89%
After 3 months
89%
Compensation
Base
$80,000
Visit program's website
University of California, Los Angeles - Master of Financial Engineering

University of California, Los Angeles

Los Angeles, CA 90095 Master of Financial Engineering
10
Total Score
82
Launched in 2009, the UCLA Master of Financial Engineering (MFE) program at the Anderson School of Management is a comprehensive 15-months, quarter-based full-time program starting each fall. Application Deadline: Dec 31 (round 1), Mar 1 (round 2), Apr 30 (round 3)
  • Great school, great people, don't come here though
  • Class of 2025
Graduating soon but I’m going to try to give an in-depth and honest review of the program for the incoming applicants. I am generally happy with my own outcome at UCLA and I emphasize this to point out my review is not an expression of personal frustration. I am... (more)
4.26 star(s) 46 reviews
Pending 2 Waitlisted 2 Accepted 185 Rejected 82
Tuition
$55,600
Enrollment
53 FT
Acceptance rate
16.6%
Employment Rate
At Graduation
60%
After 3 months
83%
Compensation
Base
$91,100
Visit program's website
University of Toronto - Master of Mathematical Finance

University of Toronto

Toronto, Canada Master of Mathematical Finance
12
Total Score
79
Application Deadline: Dec 14
  • Top in Canada. Doesn't target quant jobs, because of the Toronto market
  • Class of 2019
The MMF program at U of T is undeniably one of the top two quantitative finance programs in Canada (the other being MQF at Waterloo). The format of the program is one fall semester followed by an internship in the winter and ends with a summer semester. The curriculum... (more)
4.33 star(s) 6 reviews
Pending 2 Waitlisted 0 Accepted 100 Rejected 76
Tuition
C$42,000
Enrollment
30 FT
Acceptance rate
12.0%
Employment Rate
Compensation
Visit program's website
~ Rutgers University - MS in Mathematical Finance

~ Rutgers University

Piscataway, NJ 08854 MS in Mathematical Finance
12
Total Score
79
The program is strong. Students are expected to take two courses each of stochastic calculus, numerical analysis, and statistics (regression and time series analysis). These courses are very rigorous. But it is not all theory. Many elective courses are taught by current... (more)
4.13 star(s) 8 reviews
Pending 0 Waitlisted 0 Accepted 88 Rejected 32
Tuition
$47,250
Enrollment
51 FT
Employment Rate
Compensation
Visit program's website
Boston University - MS in Mathematical Finance and Financial Technology

Boston University

Boston, MA 02215 MS in Mathematical Finance and Financial Technology
14
Total Score
78
The three-semester program is offered by Boston University's Questrom School of Business. Application Deadline: Oct 27 (round 1), Jan 12 (round 2), Feb 17 (round 3), Apr 7 (round 4)
Reviewed by Verified Member
  • Great program but its rigorous
  • Class of 2025
The pre-term Math/Python camp is extremely important. I’d suggest putting in as much time and effort as possible during that period, because once the semester begins, things move fast and you’re expected to figure most things out on your own. The first semester is quite... (more)
3.69 star(s) 16 reviews
Pending 3 Waitlisted 0 Accepted 231 Rejected 116
Tuition
$65,955
Employment Rate
Compensation
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University of Chicago - MS in Financial Mathematics

University of Chicago

Chicago, IL 60637 MS in Financial Mathematics
14
Total Score
78
The University of Chicago's Master in Financial Mathematics (MSFM) program is offered by the Department of Mathematics under the Physical Sciences Division. Launched in 1996, this three-semester program starts each Fall semester. Full-time, part-time in person and online programs are available. Application Deadline: Jan 8 (round 1), Mar 26 (round 2)
  • A Rigorous Program at the Intersection of Finance, Data, and Industry
  • Class of 2022
The program is both rigorous and flexible, offering cross-listed courses from the Economics Department and Booth School of Business. The diverse cohort—including mature students—adds depth to discussions, while capstone projects with industry partners provide real-world... (more)
4.71 star(s) 52 reviews
Pending 3 Waitlisted 8 Accepted 453 Rejected 256
Tuition
$76,518
Enrollment
133 FT
Acceptance rate
21.2%
Employment Rate
At Graduation
57%
After 3 months
80%
Compensation
Base
$78,000
Visit program's website
NYU Tandon School of Engineering - MS in Financial Engineering

NYU Tandon School of Engineering

Brooklyn, NY 11201 MS in Financial Engineering
16
Total Score
75
The Master of Science in Financial Engieering (MSFE) program is offered by the Financial Risk Engineering (FRE) department of NYU Tandon School of Engineering. This 4-semester program starts in mid-August with the Pre-program bootcamp prior to the Fall semester. Application Deadline: Feb 15
  • Opened Doors I Never Thought Possible
  • Class of 2025
Like many things in life, people can have different opinions about the same experience, and the NYU MFE program is no exception. I can only speak from my own experience. For me personally, the NYU MFE program opened a door that would otherwise have been impossible to... (more)
3.58 star(s) 36 reviews
Pending 4 Waitlisted 3 Accepted 338 Rejected 166
Tuition
$44,979
Enrollment
120 FT
Acceptance rate
30.1%
Employment Rate
At Graduation
40%
After 3 months
88%
Compensation
Base
$70,000
Visit program's website
Rutgers University - Master of Quantitative Finance

Rutgers University

Newark, NJ 07102 Master of Quantitative Finance
16
Total Score
75
The Rutgers Master of Quantitative Finance (MQF) program was founded in 2001 and is housed in Rutgers Business School. The program is three-semester and starts in fall semester. Application Deadline: Nov 1 (Spring), May 15 (Fall)
Reviewed by Verified Member
  • Great, transformational, but can improve
  • Class of 2022
Good things 1. The Program offers diverse choices of subjects that you can tailor for your desired career path. 45 credits are required for graduation, 30 core and 15 elective. The 30 core credits, corresponding to 10 classes, will cover all the basis subjects centering... (more)
4.07 star(s) 14 reviews
Pending 1 Waitlisted 0 Accepted 126 Rejected 8
Tuition
$58,317
Enrollment
43 FT
Acceptance rate
37.1%
Employment Rate
Compensation
Base
$71,500
Visit program's website
Fordham University - MS in Quantitative Finance

Fordham University

New York, NY 10023 MS in Quantitative Finance
18
Total Score
74
The Master of Science in Quantitative Finance (MSQF) program is offered by Fordham University's Gabelli School of Business. The three-semester program starts in the Fall. Application Deadline: Oct 10 (round 1), Jan 16 (round 2), Mar 20 (round 3)
  • Great professors & network
  • Class of 2025
Exceptional faculty with strong industry and academic backgrounds. You get exposure to a prestigious crowd. The professors also teach at other schools like Princeton Columbia and NYU so the level of teaching is on par with the best. (more)
5.00 star(s) 14 reviews
Pending 2 Waitlisted 0 Accepted 76 Rejected 14
Tuition
$50,875
Undergrad GPA
Employment Rate
At Graduation
48%
After 3 months
60%
Compensation
Base
$77,000
Visit program's website
Johns Hopkins University - Financial Mathematics MSE

Johns Hopkins University

Baltimore, MD 21218 Financial Mathematics MSE
19
Total Score
73
The Financial Mathematics program is offered by Johns Hopskins Whiting School of Engineering under their Department of Applied Mathematics and Statistics. Application Deadline: Dec 15
  • The program is underrated
  • Class of 2027
I have been enrolled for one month, and my study experience is very good. I believe this program is underrated. The lecturers are excellent, and the courses include a lot of math, which is a great complement to the courses I took during my undergraduate studies. I've... (more)
4.60 star(s) 10 reviews
Pending 2 Waitlisted 0 Accepted 66 Rejected 52
Tuition
$60,000
Enrollment
30 FT
Acceptance rate
15.1%
Employment Rate
At Graduation
89%
After 3 months
100%
Compensation
Visit program's website
Claremont Graduate University - MS in Financial Engineering

Claremont Graduate University

Claremont, CA 91711 MS in Financial Engineering
20
Total Score
70
Application Deadline: Jul 5
  • CGU MSFE is very Flexible
  • Class of 2025
I'll be done with my coursework for the MSFE program after Summer 2025. I thought I would share my pros and cons about the program. Pros: - Smaller class size One of the main reasons I leaned toward CGU is the low student-faculty ratio. In all the classes I took, I... (more)
3.50 star(s) 12 reviews
Pending 0 Waitlisted 0 Accepted 22 Rejected 1
Tuition
$64,896
Employment Rate
Compensation
Visit program's website
University of Illinois Urbana Champaign - Master of Financial Engineering

University of Illinois Urbana Champaign

Urbana, IL 61801 Master of Financial Engineering
20
Total Score
70
The University of Illinois Urbana-Champaign (UIUC) offers a Master of Science in Financial Engineering (MSFE) program through its Gies College of Business in collaboration with the Department of Mathematics and the Department of Statistics. Application Deadline: Apr 15
Reviewed by Verified Member
  • 2025 review of UIUC MFE program
  • Class of 2025
I am one of the Class of 2025. This is an overall a good program. The courses are all good, covering from risk, quant research, to derivatives pricing(structure notes). If you are interested in quant development, you can also find a place here. The director is really... (more)
4.59 star(s) 39 reviews
Pending 0 Waitlisted 0 Accepted 138 Rejected 37
Tuition
$51,000
Enrollment
46 FT
Acceptance rate
38.2%
Undergrad GPA
Employment Rate
Compensation
Base
$75,000
Visit program's website
University of Minnesota - Master of Financial Mathematics

University of Minnesota

Minneapolis, MN 55455 Master of Financial Mathematics
20
Total Score
70
The program is offered by Minnesota Center for Financial and Actuarial Mathematics, a specialized center for quantitive finance within the School of Mathematics. Application Deadline: Feb 1 (round 1), Mar 1 (round 2)
  • Prepared Me Well for the Real World of Quant Finance
  • Class of 2024
One of the greatest strengths of the MFM program is the fact that many courses are taught by seasoned adjunct instructors who are active professionals in the quant finance industry. This ensured that what we learned was not only theoretically sound but also aligned with... (more)
4.71 star(s) 42 reviews
Pending 0 Waitlisted 0 Accepted 28 Rejected 10
Tuition
$43,708
Employment Rate
Compensation
Visit program's website
University of Washington - MS Computational Finance & Risk Management

University of Washington

Seattle, WA 98195 MS Computational Finance & Risk Management
20
Total Score
70
The Master of Computational Finance and Risk Management (CFRM) program is a degree offered in the University of Washington’s Department of Applied Mathematics. Application Deadline: Jan 30
Reviewed by Verified Member
  • Strong Academics, weak career support
  • Class of 2023
I cannot fully recommend this program, despite its strong academic foundation. While the school has a solid reputation and the professors are genuinely supportive and knowledgeable, there’s a significant gap when it comes to career services and job placement assistance... (more)
4.90 star(s) 41 reviews
Pending 2 Waitlisted 0 Accepted 94 Rejected 67
Tuition
$37,800
Enrollment
66 FT
Acceptance rate
31.4%
Undergrad GPA
Employment Rate
At Graduation
44%
After 3 months
94%
Compensation
Visit program's website
~ University of Michigan - Master in Financial Engineering

~ University of Michigan

Ann Arbor, MI Master in Financial Engineering
20
Total Score
70
Strengths: The program has a strong mathematics portion. The University of Michigan has a great reputation however not very many people have heard of the MFE program. If you do go to this program and need advice ask Reza Kamaly as he is one of the few financial... (more)
3.20 star(s) 5 reviews
Pending 0 Waitlisted 0 Accepted 43 Rejected 20
Tuition
$63,184
Employment Rate
Compensation
Visit program's website
~ Illinois Institute of Technology - Master in Mathematical Finance

~ Illinois Institute of Technology

Chicago, IL 60616 Master in Mathematical Finance
25
Total Score
62
A program always make you believe you will perform better in Quant World!(2011.08 – 2013.05) What do you think is unique about this program? The program’s curriculum has a great combined flavor from theoretical perspective and practical projects. From theoretical SIDE... (more)
4.33 star(s) 6 reviews
Pending 0 Waitlisted 0 Accepted 22 Rejected 1
Tuition
$49,104
Enrollment
20 FT
Acceptance rate
37.9%
Employment Rate
Compensation
Visit program's website
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