-
C++ Programming for Financial Engineering
Highly recommended by thousands of MFE students. Covers essential C++ topics with applications to financial engineering. Learn more Join!Python for Finance with Intro to Data Science
Gain practical understanding of Python to read, understand, and write professional Python code for your first day on the job. Learn more Join!An Intuition-Based Options Primer for FE
Ideal for entry level positions interviews and graduate studies, specializing in options trading arbitrage and options valuation models. Learn more Join!
2017 QuantNet Ranking of Best Financial Engineering Programs
Ranked by QuantNet in Oct 2016. The most comprehensive 2017 ranking of best Financial Engineering (MFE), Mathematical Finance programs in North America.
The 2017 QuantNet ranking is the most comprehensive ranking to date of master programs in Financial Engineering (MFE), Mathematical Finance in North America.
The 2017 rankings now provide much greater detail on important categories, making it easier for prospective applicants to decide on where to apply and enroll.
With 30 programs selected for the 2017 rankings, QuantNet surveyed program administrators, hiring managers and quantitative finance professionals from financial institutions around the world for statistics reflecting student selectivity and graduate employment.
In addition, we rank the top 10 programs with the best employment outcomes and the 5 most improved programs.
| Rank | Program | Total score | Peer Assessment Score | Student Selectivity Score | Average GRE Quant score of admitted students | Placement Success Score | Tuition cost for the degree | Class Size |
|---|---|---|---|---|---|---|---|---|
| 1 | Baruch College, City University of New York Financial Engineering New York, NY |
100 | 4.0 | 99 | 169.5 | 93 | $35,040 (non-resident), $24,315 (resident) | 34FT, 6PT |
| 1 | Carnegie Mellon University Computational Finance Pittsburgh, PA |
100 | 4.3 | 99 | 169.0 | 90 | $81,300 | 99FT |
| 1 | University of California, Berkeley Financial Engineering Berkeley, CA |
100 | 4.2 | 93 | 167.0 | 94 | $66,084 | 69FT |
| 4 | Columbia University Financial Engineering New York, NY |
99 | 4.0 | 98 | 168.3 | 92 | $64,152 | 83FT |
| 4 | New York University Mathematics in Finance New York, NY |
99 | 3.9 | 98 | 169.8 | 92 | $63,552 | 30FT, 8PT |
| 6 | Princeton University Master in Finance Princeton, NJ |
96 | 3.7 | 91 | 166.0 | 92 | $78,700 | 32FT |
| 7 | Cornell University MEng, FE concentration Ithaca, NY |
91 | 3.7 | 96 | 169.0 | 81 | $75,000 | 64FT |
| 8 | Columbia University Mathematics of Finance New York, NY |
90 | 3.7 | 99 | 169.7 | 78 | $63,352 | 114FT |
| 9 | University of Chicago Financial Mathematics Chicago, IL |
88 | 3.4 | 98 | 168.6 | 77 | $75,000 | 75FT, 4PT |
| 10 | Georgia Institute of Technology Quantitative and Computational Finance Atlanta, GA |
84 | 2.8 | 85 | 168.0 | 82 | $56,067 (non-resident), $25,461 (resident) | 36FT |
| 10 | Massachusetts Institute of Technology Master of Finance Cambridge, MA |
84 | 3.7 | 95 | 167.4 | 71 | $73,164 | 114FT |
| 12 | University of Washington Computational Finance & Risk Management Seattle, WA |
83 | 2.8 | 94 | 167.0 | 77 | $39,690 (42 credits) - $51,030 (54 credits) | 31FT, 26PT |
| 13 | Boston University Mathematical Finance Boston, MA |
82 | 2.8 | 90 | 168.0 | 76 | $73,164 | 104FT |
| 13 | NYU Tandon School of Engineering Financial Engineering Brooklyn, NY |
82 | 3.0 | 98 | 169.0 | 71 | $57,123 | 144FT, 3PT |
| 13 | University of California, Los Angeles Financial Engineering Los Angeles, CA |
82 | 3.1 | 92 | 167.0 | 73 | $60,756 | 80FT |
| 13 | University of Toronto Mathematical Finance Toronto, Canada |
82 | 3.1 | 97 | N/A | 70 | CAD 45,000 | 27FT |
| 17 | Rutgers University Quantitative Finance Newark, NJ |
80 | 2.5 | 91 | 168.0 | 74 | $59,057 (non-resident), $38,759 (resident) | 55FT |
| 18 | Fordham University Quantitative Finance New York, NY |
78 | 2.3 | 94 | 168.0 | 72 | $56,500 | 44FT |
| 18 | North Carolina State University Financial Mathematics Raleigh, NC |
78 | 2.4 | 78 | 166.0 | 78 | $15,547 (non-resident), $8,286 (resident) | 34FT |
| 18 | University of Waterloo Quantitative Finance Waterloo, Canada |
78 | 2.8 | 94 | N/A | 67 | CDN 14,685 | 34FT |
| 21 | Johns Hopkins University Financial Mathematics Baltimore, MD |
77 | 2.5 | 99 | 170.0 | 65 | $73,164 | 41FT |
| 22 | University of Illinois Financial Engineering Urbana, IL |
73 | 2.8 | 84 | 167.0 | 64 | $57,000 | 64FT |
| 23 | University of North Carolina at Charlotte Mathematical Finance Charlotte, NC |
71 | 2.2 | 77 | 165.0 | 67 | $39,674 (non-resident), $19,917 (resident) | 60FT, 34PT |
| 24 | Rutgers University Mathematical Finance New Brunswick, NJ |
69 | 2.6 | 90 | 168.0 | 56 | $55,700 (non-resident), $32,000 (resident) | 23FT |
| 25 | Illinois Institute of Technology Mathematical Finance Chicago, IL |
68 | 2.3 | 83 | 168.0 | 58 | $56,925 | 20FT |
| 26 | University of Minnesota Financial Mathematics Minneapolis, MN |
67 | 2.4 | 82 | 166.0 | 56 | $37,920 (non-resident), $30,240 (resident) | 28 FT, 6PT |
| 27 | Rensselaer Polytechnic Institute Quantitative Finance and Risk Analytics Troy, NY |
64 | 2.2 | 84 | 167.0 | 51 | $49,520 | 59FT |
| 28 | Claremont Graduate University Financial Engineering Claremont, CA |
59 | 2.0 | 60 | 163.0 | 57 | $73,880 | 18FT |
| NR | Stevens Institute of Technology Financial Engineering Hoboken, NJ |
56 | 2.1 | 44 | N/A | 58 | $46,837 | N/A |
TOP 10 MFE PROGRAMS WITH BEST EMPLOYMENT OUTCOMES
| RANK | UNIVERSITY/PROGRAM | PLACEMENT SUCCESS SCORE |
|---|---|---|
| 1 | University of California, Berkeley Financial Engineering Berkeley, CA |
94 |
| 2 | Baruch College, City University of New York Financial Engineering New York, NY |
93 |
| 3 | New York University Mathematics in Finance New York, NY |
92 |
| 3 | Princeton University Master in Finance Princeton, NJ |
92 |
| 3 | Columbia University Financial Engineering New York, NY |
92 |
| 6 | Carnegie Mellon University Computational Finance Pittsburgh, PA |
90 |
| 7 | Georgia Institute of Technology Quantitative and Computational Finance Atlanta, GA |
82 |
| 8 | Cornell University MEng, FE concentration Ithaca, NY |
81 |
| 9 | Columbia University Mathematics of Finance New York, NY |
78 |
| 10 | North Carolina State University Financial Mathematics Raleigh, NC |
78 |
MOST IMPROVED MFE PROGRAMS
| UNIVERSITY/PROGRAM | CHANGES FROM 2016 RANKINGS | |
|---|---|---|
| 1 | North Carolina State University Financial Mathematics Raleigh, NC |
+9 |
| 2 | Georgia Institute of Technology Quantitative and Computational Finance Atlanta, GA |
+6 |
| 3 | Illinois Institute of Technology Mathematical Finance Chicago, IL |
+4 |
| 4 | NYU Tandon School of Engineering Financial Engineering Brooklyn, NY |
+3 |
| 4 | Fordham University Quantitative Finance New York, NY |
+3 |