2018 QuantNet Ranking of Best Financial Engineering Programs

Ranked by QuantNet in Dec 2017. The most comprehensive 2018 ranking of best Financial Engineering (MFE), Mathematical Finance programs in North America.

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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.

Baruch College - Master in Financial Engineering

Baruch College

New York, NY 10010 Master in Financial Engineering
1
Total Score
100
Peer Score
4.1
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)
Reviewed by Verified Member
  • Amazing Program - Got Way More Help Than I Could've Asked For :)
  • Class of 2025
Amazing program! I received so much help from Dan and all the alumni. They're a group of wonderful people that go to great lengths to help their students. I'm also impressed by how much help that alumni provide in my search for a full-time job, not just from Dan and... (more)
4.94 star(s) 34 reviews
Tuition
$35,040
Enrollment
36 FT, 4 PT
Acceptance rate
7.1%
Undergrad GPA
Employment Rate
At Graduation
94%
After 3 months
100%
Compensation
Base
$110,000
Avg total
University of California, Berkeley - Master of Financial Engineering

University of California, Berkeley

Berkeley, CA 94720 Master of Financial Engineering
1
Total Score
100
Peer Score
4.2
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
Tuition
$68,725
Enrollment
68 FT
Acceptance rate
16.7%
Undergrad GPA
Employment Rate
At Graduation
84%
After 3 months
96%
Compensation
Base
$108,286
Avg total
Carnegie Mellon University - MS in Computational Finance

Carnegie Mellon University

New York, NY 10005 | Pittsburgh, PA 15213 MS in Computational Finance
3
Total Score
98
Peer Score
4.3
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
Tuition
$83,100
Enrollment
97 FT
Acceptance rate
13.0%
Employment Rate
At Graduation
68%
After 3 months
85%
Compensation
Base
$100,939
Avg total
Columbia University - Masters in Financial Engineering

Columbia University

3
Total Score
98
Peer Score
3.9
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
Tuition
$69,696
Enrollment
99 FT
Acceptance rate
9.0%
Undergrad GPA
Employment Rate
At Graduation
97%
After 3 months
100%
Compensation
Base
$93,000
Avg total
Princeton University - Master in Finance

Princeton University

Princeton, NJ 08544 Master in Finance
5
Total Score
97
Peer Score
3.7
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
Tuition
$98,600
Enrollment
29 FT
Acceptance rate
5.5%
Employment Rate
At Graduation
100%
After 3 months
100%
Compensation
Base
$115,000
New York University - MS in Mathematics in Finance

New York University

New York, NY 10012 MS in Mathematics in Finance
6
Total Score
93
Peer Score
4.0
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
Reviewed by Verified Member
  • Great for Theory, Demanding for Job Seekers
  • Class of 2025
The NYU Math in Finance program is highly selective and academically rigorous. The coursework is extremely theory-oriented — you’ll learn a lot of deep quantitative and mathematical finance concepts. However, it’s not a career-training program in the traditional sense... (more)
4.38 star(s) 13 reviews
Tuition
$70,000
Enrollment
41 FT, 9 PT
Acceptance rate
10.2%
Employment Rate
At Graduation
81%
After 3 months
100%
Compensation
Base
$97,000
Columbia University - MA in Mathematics of Finance (MAFN)

Columbia University

7
Total Score
90
Peer Score
3.6
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
Tuition
$66,520
Enrollment
97 FT, 3 PT
Acceptance rate
14.8%
Undergrad GPA
Employment Rate
At Graduation
59%
After 3 months
89%
Compensation
Base
$92,091
Avg total
Cornell University - Master in Financial Engineering

Cornell University

7
Total Score
90
Peer Score
3.9
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
Tuition
$78,900
Enrollment
59 FT
Acceptance rate
21.0%
Undergrad GPA
Employment Rate
At Graduation
61%
After 3 months
85%
Compensation
Base
$90,000
Avg total
University of Chicago - MS in Financial Mathematics

University of Chicago

Chicago, IL 60637 MS in Financial Mathematics
9
Total Score
88
Peer Score
3.4
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
Tuition
$81,358
Enrollment
75 FT, 2 PT
Acceptance rate
22.0%
Employment Rate
At Graduation
71%
After 3 months
97%
Compensation
Base
$86,250
Avg total
Georgia Institute of Technology - MS in Quantitative and Computational Finance

Georgia Institute of Technology

10
Total Score
87
Peer Score
3.1
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)
Reviewed by Verified Member
  • 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
Tuition
$57,111
Enrollment
46 FT
Acceptance rate
12.8%
Employment Rate
At Graduation
80%
After 3 months
100%
Compensation
Base
$90,929
Avg total
University of Washington - MS Computational Finance & Risk Management

University of Washington

11
Total Score
83
Peer Score
3.1
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
Tuition
$40,950
Enrollment
32 FT, 18 PT
Acceptance rate
12.1%
Undergrad GPA
Employment Rate
At Graduation
95%
After 3 months
95%
Compensation
Base
$86,500
Avg total
Massachusetts Institute of Technology - Master of Finance

Massachusetts Institute of Technology

Cambridge, MA 02139 Master of Finance
12
Total Score
82
Peer Score
3.5
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
Tuition
$103,850
Enrollment
119 FT
Acceptance rate
10.4%
Undergrad GPA
Employment Rate
At Graduation
64%
After 3 months
78%
Compensation
Base
$84,164
Avg total
NYU Tandon School of Engineering - MS in Financial Engineering

NYU Tandon School of Engineering

Brooklyn, NY 11201 MS in Financial Engineering
12
Total Score
83
Peer Score
3.3
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
Tuition
$59,697
Enrollment
162 FT, 1 PT
Acceptance rate
26.8%
Undergrad GPA
Employment Rate
At Graduation
43%
After 3 months
76%
Compensation
Base
$84,000
Avg total
University of California, Los Angeles - Master of Financial Engineering

University of California, Los Angeles

Los Angeles, CA 90095 Master of Financial Engineering
12
Total Score
82
Peer Score
3.4
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
Tuition
$73,608
Enrollment
88 FT
Acceptance rate
20.0%
Undergrad GPA
Employment Rate
At Graduation
52%
After 3 months
79%
Compensation
Base
$90,000
Avg total
University of Toronto - Master of Mathematical Finance

University of Toronto

12
Total Score
82
Peer Score
3.4
Application Deadline: Dec 14
Reviewed by Verified Member
  • Review of MMF 2022-2023
  • Class of 2023
What I like 1. Great alumni networking event and high industry reputation, which lead to abundant interview resources 2. mock interviews and presentations from alumni to help lock in internship and full-time jobs 3. experienced industry leaders as instructors, providing... (more)
4.43 star(s) 7 reviews
Tuition
C$48,000
Enrollment
30 FT
Acceptance rate
10.0%
Employment Rate
At Graduation
74%
After 3 months
89%
Compensation
Avg total
Boston University - MS in Mathematical Finance and Financial Technology

Boston University

16
Total Score
81
Peer Score
3.1
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
Tuition
$76,500
Enrollment
117 FT
Acceptance rate
30.0%
Undergrad GPA
Employment Rate
At Graduation
68%
After 3 months
96%
Compensation
Avg total
Rutgers University - Master of Quantitative Finance

Rutgers University

16
Total Score
81
Peer Score
2.8
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
Tuition
$60,149
Enrollment
59 FT
Acceptance rate
39.0%
Undergrad GPA
Employment Rate
At Graduation
74%
After 3 months
88%
Compensation
Base
$92,500
Avg total
Fordham University - MS in Quantitative Finance

Fordham University

New York, NY 10023 MS in Quantitative Finance
18
Total Score
80
Peer Score
2.6
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)
Reviewed by Verified Member
  • 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
Tuition
$60,000
Enrollment
68 FT
Acceptance rate
25.0%
Employment Rate
At Graduation
78%
After 3 months
89%
Compensation
Base
$97,000
University of Waterloo - Master of Quantitative Finance

University of Waterloo

18
Total Score
80
Peer Score
3.0
Application Deadline: Jan 6
Reviewed by Verified Member
  • Excellent School - Great Academics / Professors
  • Class of 2025
The University of Waterloo Quant Finance Master's program is an excellent program for someone who is interested in learning rigorous maths. The program focuses on statistics, applied maths, and relevant coding skills required to succeed in industry. At University... (more)
3.80 star(s) 5 reviews
Tuition
C$15,330
Enrollment
10 FT
Acceptance rate
11.0%
Employment Rate
At Graduation
64%
After 3 months
86%
Compensation
Base
C$85,700
North Carolina State University - Master in Financial Mathematics

North Carolina State University

20
Total Score
76
Peer Score
2.6
The North Carolina State University (NCSU) Master of Financial Mathematics (MFM) program is offered by the Department of Mathematics in the College of Sciences. Established in 2003, this three-semester program begins each fall. Application Deadline: Jul 15 (Spring), Mar 1 (Fall)
Reviewed by Verified Member
  • NCSU Master of Financial Mathematics
  • Class of 2025
When entering a financial engineering or mathematics program, many students aspire to become quantitative researchers or traders. While this is a reasonable goal, I've learned it's important to understand what each program specifically prepares you for. NCSU's MFM... (more)
4.46 star(s) 28 reviews
Tuition
$50,949
Enrollment
26 FT
Acceptance rate
20.2%
Undergrad GPA
Employment Rate
At Graduation
83%
After 3 months
94%
Compensation
Base
$87,500
Avg total
~ Illinois Institute of Technology - Master in Mathematical Finance

~ Illinois Institute of Technology

Chicago, IL 60616 Master in Mathematical Finance
21
Total Score
74
Peer Score
2.7
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
Tuition
$56,925
Enrollment
21 FT
Acceptance rate
46.9%
Employment Rate
At Graduation
45%
After 3 months
90%
Compensation
Avg total
University of Illinois Urbana Champaign - Master of Financial Engineering

University of Illinois Urbana Champaign

22
Total Score
72
Peer Score
2.7
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
Tuition
$67,200
Enrollment
65 FT
Acceptance rate
36.1%
Undergrad GPA
Employment Rate
At Graduation
34%
After 3 months
68%
Compensation
Base
$87,500
University of Minnesota - Master of Financial Mathematics

University of Minnesota

Minneapolis, MN 55455 Master of Financial Mathematics
23
Total Score
67
Peer Score
2.8
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
Tuition
$39,040
Enrollment
31 FT, 5 PT
Acceptance rate
26.0%
Employment Rate
At Graduation
39%
After 3 months
74%
Compensation
Base
$74,000
~ Rutgers University - MS in Mathematical Finance

~ Rutgers University

Piscataway, NJ 08854 MS in Mathematical Finance
23
Total Score
67
Peer Score
2.7
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
Tuition
$56,938
Enrollment
46 FT, 3 PT
Acceptance rate
29.2%
Employment Rate
At Graduation
35%
After 3 months
70%
Compensation
Avg total
University of North Carolina at Charlotte - MS in Mathematical Finance

University of North Carolina at Charlotte

Charlotte, NC 28223 MS in Mathematical Finance
25
Total Score
64
Peer Score
2.4
Application Deadline: Oct 1 (Spring), Mar 1 (Fall)
I just finished my degree here with a computational finance concentration and it wasn't what I expected. To be honest if you are really interested then you can learn a lot and go for a math or math finance phd easily. This is what the program is meant for. My intentions... (more)
4.64 star(s) 11 reviews
Tuition
$40,398
Enrollment
44 FT, 6 PT
Acceptance rate
68.5%
Undergrad GPA
Employment Rate
At Graduation
53%
After 3 months
61%
Compensation
Base
$86,000
Avg total
Rensselaer Polytechnic Institute - MS in Quantitative Finance and Risk Analytics
Application Deadline: December 1, January 15, March 1, April 15
Though the location is not financially- central, you will still definitely be surrounded by cutting edge lectures and experienced professors as well as excellent classmates in the same camp. I can not appreciate more for this elite college. In this one-year program, you... (more)
4.82 star(s) 11 reviews
Tuition
$51,000
Enrollment
45 FT
Acceptance rate
36.1%
Employment Rate
At Graduation
18%
After 3 months
35%
Compensation
Avg total
Claremont Graduate University - MS in Financial Engineering

Claremont Graduate University

Claremont, CA 91711 MS in Financial Engineering
27
Total Score
50
Peer Score
2.5
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
Tuition
$76,080
Enrollment
15 FT
Acceptance rate
58.3%
Employment Rate
At Graduation
30%
After 3 months
40%
Compensation
Avg total
Johns Hopkins University - Financial Mathematics MSE

Johns Hopkins University

Baltimore, MD 21218 Financial Mathematics MSE
NR
Peer Score
2.7
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
Reviewed by Verified Member
  • Good Program
  • Class of 2025
Overall, I really enjoyed the JHU Financial Math program. The emphasis on coursework is great — there are plenty of related classes to choose from, ranging from fundamental math and computer science to advanced topics like market microstructure, financial derivatives... (more)
4.64 star(s) 11 reviews
Tuition
$78,255
Enrollment
30 FT
Acceptance rate
22.0%
Undergrad GPA
Employment Rate
At Graduation
67%
After 3 months
85%
Compensation
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