2019 QuantNet Ranking of Best Financial Engineering Programs

The 2019 QuantNet MFE ranking is the most authoritative and comprehensive ranking of best Financial Engineering (MFE), Mathematical Finance programs in the continental USA.

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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.

Princeton University - Master in Finance

Princeton University

Princeton, NJ 08544 Master in Finance
1
Total Score
100
Peer Score
3.9
The Princeton University's Master in Finance (MFin) program is offered by the Bendheim Center for Finance (BCF), an interdisciplinary center at Princeton University. This two-year program starts in the Fall semester.
4.86 star(s) 7 reviews
Add application (307)
Admission
Tuition
$102,500
Enrollment
25 FT
Acceptance rate
Average GPA
Employment Rate
At Graduation
100%
After 3 months
100%
Salary
Average salary*
$120,000
Baruch College - Master in Financial Engineering

Baruch College

New York, NY 10010 Master in Financial Engineering
2
Total Score
99
Peer Score
4.0
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.
4.93 star(s) 29 reviews
Add application (562)
Admission
Tuition
$42,395
Enrollment
35 FT, 5 PT
Acceptance rate
Average GPA
Employment Rate
At Graduation
97%
After 3 months
97%
Salary
Average salary*
$109,339
University of California, Berkeley - Master of Financial Engineering

University of California, Berkeley

Berkeley, CA 94720 Master of Financial Engineering
2
Total Score
99
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.
4.49 star(s) 37 reviews
Add application (366)
Admission
Tuition
$70,796
Enrollment
79 FT
Acceptance rate
Average GPA
Employment Rate
At Graduation
80%
After 3 months
94%
Salary
Average salary*
$118,322
Carnegie Mellon University - MS in Computational Finance

Carnegie Mellon University

New York, NY 10005 | Pittsburgh, PA 15213 MS in Computational Finance
4
Total Score
98
Peer Score
4.4
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 four Carnegie Mellon colleges - Department of Mathematical Sciences, Department of Statistics and Data Science, Heinz College of Information Systems and Public Policy and the Tepper School of Business.
4.64 star(s) 45 reviews
Add application (773)
Admission
Tuition
$86,339
Enrollment
97 FT
Acceptance rate
Employment Rate
At Graduation
71%
After 3 months
90%
Salary
Average salary*
$106,222
Columbia University - Masters in Financial Engineering

Columbia University

4
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.
3.18 star(s) 11 reviews
Add application (838)
Admission
Tuition
$72,648
Enrollment
120 FT
Acceptance rate
Average GPA
Employment Rate
At Graduation
83%
After 3 months
100%
Salary
Average salary*
$104,656
New York University - MS in Mathematics in Finance

New York University

New York, NY 10012 MS in Mathematics in Finance
4
Total Score
98
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.
4.33 star(s) 12 reviews
Add application (491)
Admission
Tuition
$72,000
Enrollment
39 FT, 13 PT
Acceptance rate
Average GPA
Employment Rate
At Graduation
86%
After 3 months
100%
Salary
Average salary*
$99,000
Cornell University - Master in Financial Engineering

Cornell University

7
Total Score
90
Peer Score
3.7
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.
4.71 star(s) 7 reviews
Add application (554)
Admission
Tuition
$78,000
Enrollment
56 FT
Acceptance rate
Average GPA
Employment Rate
At Graduation
68%
After 3 months
87%
Salary
Average salary*
$93,000
Columbia University - MA in Mathematics of Finance

Columbia University

New York, NY 10027 MA in Mathematics of Finance
8
Total Score
85
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.
4.00 star(s) 6 reviews
Add application (415)
Admission
Tuition
$72,505
Enrollment
106 FT, 5 PT
Acceptance rate
Average GPA
Employment Rate
At Graduation
37%
After 3 months
86%
Salary
Average salary*
$95,217
Massachusetts Institute of Technology - Master of Finance

Massachusetts Institute of Technology

Cambridge, MA 02139 Master of Finance
9
Total Score
84
Peer Score
3.6
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.
3.77 star(s) 26 reviews
Add application (558)
Admission
Tuition
$105,968
Enrollment
111 FT
Acceptance rate
Average GPA
Employment Rate
At Graduation
68%
After 3 months
75%
Salary
Average salary*
$78,098
NYU Tandon School of Engineering - MS in Financial Engineering

NYU Tandon School of Engineering

Brooklyn, NY 11201 MS in Financial Engineering
9
Total Score
84
Peer Score
3.4
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.
3.43 star(s) 30 reviews
Add application (432)
Admission
Tuition
$63,403
Enrollment
110 FT
Acceptance rate
Average GPA
Employment Rate
At Graduation
75%
After 3 months
87%
Salary
Average salary*
$91,000
University of California, Los Angeles - Master of Financial Engineering

University of California, Los Angeles

Los Angeles, CA 90095 Master of Financial Engineering
11
Total Score
82
Peer Score
2.3
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.
4.43 star(s) 42 reviews
Add application (238)
Admission
Tuition
$75,816
Enrollment
84 FT
Acceptance rate
Average GPA
Employment Rate
At Graduation
46%
After 3 months
85%
Salary
Average salary*
$99,200
University of Chicago - MS in Financial Mathematics

University of Chicago

Chicago, IL 60637 MS in Financial Mathematics
11
Total Score
82
Peer Score
3.3
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.
4.75 star(s) 40 reviews
Add application (603)
Admission
Tuition
$82,698
Enrollment
82 FT, 7 PT
Acceptance rate
Employment Rate
At Graduation
71%
After 3 months
86%
Salary
Average salary*
$84,529
Georgia Institute of Technology - MS in Quantitative and Computational Finance

Georgia Institute of Technology

13
Total Score
81
Peer Score
2.9
The Master of Science in Quantitative and Computational Finance (QCF) program is an interdisciplinary educatiobetween the Scheller College of Business, H. Milton Steward School of Industrial & Systems Engineering and School of Mathematics.
3.78 star(s) 9 reviews
Add application (335)
Admission
Tuition
$61,135
Enrollment
53 FT, 1 PT
Acceptance rate
Employment Rate
At Graduation
71%
After 3 months
93%
Salary
Average salary*
$88,160
Boston University - MS in Mathematical Finance and Financial Technology

Boston University

14
Total Score
79
Peer Score
3.0
The three-semester program is offered by Boston University's Questrom School of Business.
3.30 star(s) 10 reviews
Add application (328)
Admission
Tuition
$79,224
Enrollment
118 FT
Acceptance rate
Average GPA
Employment Rate
At Graduation
66%
After 3 months
97%
Salary
Average salary*
$81,878
Fordham University - MS in Quantitative Finance

Fordham University

New York, NY 10023 MS in Quantitative Finance
15
Total Score
78
Peer Score
2.4
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.
5.00 star(s) 11 reviews
Add application (65)
Admission
Tuition
$60,000
Enrollment
64 FT
Acceptance rate
Average GPA
Employment Rate
At Graduation
75%
After 3 months
90%
Salary
Average salary*
$96,970
North Carolina State University - Master in Financial Mathematics

North Carolina State University

16
Total Score
76
Peer Score
2.3
North Carolina State University (NCSU) offers a three-semester Financial Mathematics program through its Department of Mathematics.
4.48 star(s) 27 reviews
Add application (97)
Admission
Tuition
$56,974
Enrollment
21 FT
Acceptance rate
Average GPA
Employment Rate
At Graduation
86%
After 3 months
100%
Salary
Average salary*
$84,893
University of Washington - MS Computational Finance & Risk Management

University of Washington

16
Total Score
76
Peer Score
3.0
The Master of Computational Finance and Risk Management (CFRM) program is a degree offered in the University of Washington’s Department of Applied Mathematics.
4.95 star(s) 40 reviews
Add application (150)
Admission
Tuition
$40,950
Enrollment
24 FT, 22 PT
Acceptance rate
Average GPA
Employment Rate
At Graduation
36%
After 3 months
100%
Salary
Average salary*
$84,000
Rutgers University - Master of Quantitative Finance

Rutgers University

18
Total Score
75
Peer Score
2.7
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.
4.08 star(s) 13 reviews
Add application (113)
Admission
Tuition
$61,532
Enrollment
52 FT
Acceptance rate
Average GPA
Employment Rate
At Graduation
59%
After 3 months
93%
Salary
Average salary*
$85,800
Illinois Institute of Technology - Master in Mathematical Finance

Illinois Institute of Technology

Chicago, IL 60616 Master in Mathematical Finance
19
Total Score
72
Peer Score
2.5
4.33 star(s) 6 reviews
Add application (23)
Admission
Tuition
$59,376
Enrollment
10 FT
Acceptance rate
Employment Rate
At Graduation
50%
After 3 months
94%
Salary
Average salary*
$91,000
Rutgers University - MS in Mathematical Finance

Rutgers University

Piscataway, NJ 08854 MS in Mathematical Finance
20
Total Score
70
Peer Score
2.8
4.13 star(s) 8 reviews
Add application (120)
Admission
Tuition
$57,100
Enrollment
44 FT, 1 PT
Acceptance rate
Employment Rate
At Graduation
61%
After 3 months
89%
Salary
Average salary*
$72,291
Johns Hopkins University - Financial Mathematics MSE

Johns Hopkins University

Baltimore, MD 21218 Financial Mathematics MSE
21
Total Score
69
Peer Score
2.6
The Financial Mathematics program is offered by Johns Hopskins Whiting School of Engineering under their Department of Applied Mathematics and Statistics.
4.56 star(s) 9 reviews
Add application (108)
Admission
Tuition
$80,610
Enrollment
46 FT
Acceptance rate
Average GPA
Employment Rate
At Graduation
23%
After 3 months
65%
Salary
Average salary*
$87,450
University of Illinois Urbana Champaign - Master of Financial Engineering

University of Illinois Urbana Champaign

22
Total Score
67
Peer Score
2.6
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.
4.51 star(s) 39 reviews
Add application (158)
Admission
Tuition
$74,550
Enrollment
68 FT
Acceptance rate
Average GPA
Employment Rate
At Graduation
32%
After 3 months
67%
Salary
Average salary*
$87,500
University of Minnesota - Master of Financial Mathematics

University of Minnesota

Minneapolis, MN 55455 Master of Financial Mathematics
23
Total Score
66
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.
4.71 star(s) 41 reviews
Add application (36)
Admission
Tuition
$40,224
Enrollment
27 FT, 3 PT
Acceptance rate
Employment Rate
At Graduation
58%
After 3 months
71%
Salary
Average salary*
$75,000
Stevens Institute of Technology - MS in Financial Engineering

Stevens Institute of Technology

Hoboken, NJ 07030 MS in Financial Engineering
24
Total Score
62
Peer Score
2.2
The Master in Financial Engineering (MFE) program is offered by Stevens School of Business. The three-semester program starts each fall semester.
4.51 star(s) 47 reviews
Add application (53)
Admission
Tuition
$47,270
Enrollment
47 FT, 7 PT
Acceptance rate
Employment Rate
At Graduation
32%
After 3 months
79%
Salary
Average salary*
$74,211
Admission
Tuition
$55,440
Enrollment
70 FT
Acceptance rate
Employment Rate
At Graduation
32%
After 3 months
50%
Salary
Average salary*
$89,500
University of North Carolina at Charlotte - MS in Mathematical Finance

University of North Carolina at Charlotte

Charlotte, NC 28223 MS in Mathematical Finance
26
Total Score
48
Peer Score
2.3
4.60 star(s) 10 reviews
Add application (22)
Admission
Tuition
$40,505
Enrollment
33 FT, 8 PT
Acceptance rate
Employment Rate
At Graduation
19%
After 3 months
29%
Salary
Average salary*
$64,149
Claremont Graduate University - MS in Financial Engineering

Claremont Graduate University

Claremont, CA 91711 MS in Financial Engineering
27
Total Score
38
Peer Score
2.2
3.45 star(s) 11 reviews
Add application (21)
Admission
Tuition
$77,600
Enrollment
14 FT
Acceptance rate
Employment Rate
At Graduation
11%
After 3 months
11%
Salary
Average salary*
$62,333
Hofstra University - MS in Quantitative Finance

Hofstra University

Hempstead, NY 11549 MS in Quantitative Finance
NR
Peer Score
1.9
0.00 star(s) 0 reviews
Add application ()
Admission
Tuition
$45,375
Enrollment
5 FT, 1 PT
Employment Rate
At Graduation
13%
After 3 months
13%
Salary
Average salary*
Florida State University - Financial Mathematics

Florida State University

Tallahassee, FL 32306 Financial Mathematics
NR
Peer Score
2.6
0.00 star(s) 0 reviews
Add application (6)
Admission
Tuition
$22,214
Enrollment
13 FT, 1 PT
Acceptance rate
Employment Rate
At Graduation
43%
After 3 months
43%
Salary
Average salary*
Stony Brook University - Master in Quantitative Finance

Stony Brook University

Stony Brook, NY 11794 Master in Quantitative Finance
NR
Peer Score
2.3
4.50 star(s) 2 reviews
Add application (21)
Admission
Tuition
$41,084
Enrollment
10 FT, 2 PT
Acceptance rate
Average GPA
Employment Rate
At Graduation
24%
After 3 months
53%
Salary
Average salary*
University of Connecticut - Applied Financial Mathematics

University of Connecticut

Storrs, Connecticut 06269 Applied Financial Mathematics
NR
Peer Score
2.4
0.00 star(s) 0 reviews
Add application (6)
Admission
Tuition
$57,183
Enrollment
21 FT
Acceptance rate
Employment Rate
At Graduation
After 3 months
Salary
Average salary*
Admission
Tuition
$32,715
Enrollment
4 FT
Employment Rate
At Graduation
After 3 months
Salary
Average salary*
Admission
Tuition
$45,000
Enrollment
5 FT
Employment Rate
At Graduation
93%
After 3 months
100%
Salary
Average salary*
2019 Rankings Methodology
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