2020 QuantNet Ranking of Best Financial Engineering Programs

The 2020 QuantNet MFE ranking is the most authoritative and comprehensive ranking of best Financial Engineering (MFE), Mathematical Finance programs in the continental USA.

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
4.0
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

5.00 star(s) -
Best quant finance graduate program of its kind in the world
Class of: 2016
I chose to attend this program over other top quant finance programs in the US I was admitted to. It combines strong brand name... (more)
4.86 star(s) 7 reviews
Tuition
$107,540
Enrollment
29 FT
Acceptance rate
7.1%
Undergrad GPA
Employment Rate
At Graduation
100%
After 3 months
100%
Compensation
Base
$127,000
Avg total
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. Application Deadline: Nov 1 (round 1), Dec 1 (round 2), Jan 15 (round 3), Mar 15 (round 4)

5.00 star(s) -
The true number one MFE program in the world!
Class of: 2025
The Baruch MFE program was instrumental in helping me pivot into my quant finance career. The highly-engaged alumni network... (more)
4.93 star(s) 30 reviews
Tuition
$42,395
Enrollment
29 FT, 1 PT
Acceptance rate
8.7%
Undergrad GPA
Employment Rate
At Graduation
87%
After 3 months
95%
Compensation
Base
$111,281
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
4.4
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. Application Deadline: Dec 1 (round 1), Mar 1 (round 2)

5.00 star(s) -
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... (more)
4.70 star(s) 54 reviews
Tuition
$86,820
Enrollment
98 FT
Acceptance rate
20.2%
Undergrad GPA
Employment Rate
At Graduation
78%
After 3 months
93%
Compensation
Base
$103,890
Avg total
Columbia University - Masters in Financial Engineering

Columbia University

3
Total Score
98
Peer Score
3.8
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

4.00 star(s) -
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... (more)
3.31 star(s) 16 reviews
Tuition
$75,744
Enrollment
94 FT
Acceptance rate
10.7%
Undergrad GPA
Employment Rate
At Graduation
93%
After 3 months
100%
Compensation
Base
$107,852
Avg total
University of California, Berkeley - Master of Financial Engineering

University of California, Berkeley

Berkeley, CA 94720 Master of Financial Engineering
5
Total Score
94
Peer Score
4.0
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)

5.00 star(s) -
Getting Better
Class of: 2026
It is intense, fast-paced, and rewards those who come prepared. Internship and Recruiting Landscape: Because the program starts in... (more)
4.16 star(s) 43 reviews
Tuition
$72,970
Enrollment
93 FT
Acceptance rate
21.1%
Undergrad GPA
Employment Rate
At Graduation
82%
After 3 months
88%
Compensation
Base
$121,991
Avg total
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
3.8
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

2.00 star(s) -
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... (more)
4.42 star(s) 12 reviews
Tuition
$73,000
Enrollment
46 FT, 3 PT
Acceptance rate
17.0%
Undergrad GPA
Employment Rate
At Graduation
60%
After 3 months
91%
Compensation
Base
$115,000
Cornell University - Master in Financial Engineering

Cornell University

7
Total Score
92
Peer Score
3.6
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

3.00 star(s) -
A Costly Investment with Mixed Returns: Weighing the Real Value of the Program
Class of: 2024
Pursuing this degree is a significant investment—both financially and in terms of time. Given the high cost, I strongly recommend... (more)
4.44 star(s) 9 reviews
Tuition
$84,825
Enrollment
78 FT
Acceptance rate
22.9%
Undergrad GPA
Employment Rate
At Graduation
76%
After 3 months
89%
Compensation
Base
$110,922
Avg total
Columbia University - MA in Mathematics of Finance (MAFN)

Columbia University

8
Total Score
91
Peer Score
3.5
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

5.00 star(s) -
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... (more)
4.65 star(s) 17 reviews
Tuition
$79,450
Enrollment
106 FT, 5 PT
Acceptance rate
25.5%
Undergrad GPA
Employment Rate
At Graduation
67%
After 3 months
94%
Compensation
Base
$107,028
Avg total
NYU Tandon School of Engineering - MS in Financial Engineering

NYU Tandon School of Engineering

Brooklyn, NY 11201 MS in Financial Engineering
9
Total Score
87
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

5.00 star(s) -
Excellent Career Support
Class of: 2025
NYU FRE has amazing career support and a solid academic foundation. From day one, we had access to workshops, resume reviews, and... (more)
3.50 star(s) 34 reviews
Tuition
$70,000
Enrollment
157 FT
Acceptance rate
28.2%
Undergrad GPA
Employment Rate
At Graduation
73%
After 3 months
86%
Compensation
Base
$91,434
Avg total
Massachusetts Institute of Technology - Master of Finance

Massachusetts Institute of Technology

Cambridge, MA 02139 Master of Finance
10
Total Score
83
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

5.00 star(s) -
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... (more)
3.81 star(s) 27 reviews
Tuition
$111,275
Enrollment
116 FT
Acceptance rate
11.2%
Undergrad GPA
Employment Rate
At Graduation
73%
After 3 months
94%
Compensation
Base
$88,537
Avg total
Georgia Institute of Technology - MS in Quantitative and Computational Finance

Georgia Institute of Technology

11
Total Score
81
Peer Score
3.0
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: Oct 1 (Spring), Mar 15 (Fall)

5.00 star(s) -
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... (more)
4.00 star(s) 12 reviews
Tuition
$57,969
Enrollment
46 FT
Acceptance rate
20.6%
Undergrad GPA
Employment Rate
At Graduation
62%
After 3 months
100%
Compensation
Base
$93,105
Avg total
University of Chicago - MS in Financial Mathematics

University of Chicago

Chicago, IL 60637 MS in Financial Mathematics
12
Total Score
80
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. Full-time, part-time in person and online programs are available. Application Deadline: Jan 8 (round 1), Mar 26 (round 2)

5.00 star(s) -
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... (more)
4.71 star(s) 52 reviews
Tuition
$84,625
Enrollment
75 FT, 7 PT
Acceptance rate
22.2%
Undergrad GPA
Employment Rate
At Graduation
74%
After 3 months
93%
Compensation
Base
$92,000
Avg total
North Carolina State University - Master in Financial Mathematics

North Carolina State University

13
Total Score
76
Peer Score
2.2
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)

5.00 star(s) -
NCSU Master of Financial Mathematics program
Class of: 2023
One of the standout features of this program is the robust career support provided by the faculty. Before I even commenced my... (more)
4.48 star(s) 27 reviews
Tuition
$58,497
Enrollment
17 FT, 1 PT
Acceptance rate
18.2%
Undergrad GPA
Employment Rate
At Graduation
72%
After 3 months
100%
Compensation
Base
$92,375
Avg total
University of California, Los Angeles - Master of Financial Engineering

University of California, Los Angeles

Los Angeles, CA 90095 Master of Financial Engineering
13
Total Score
76
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)

2.00 star(s) -
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... (more)
4.26 star(s) 46 reviews
Tuition
$78,470
Enrollment
75 FT
Acceptance rate
22.4%
Undergrad GPA
Employment Rate
At Graduation
54%
After 3 months
69%
Compensation
Base
$97,000
Avg total
Rutgers University - Master of Quantitative Finance

Rutgers University

15
Total Score
74
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. Application Deadline: Nov 1 (Spring), May 15 (Fall)

5.00 star(s) -
On the strength of Rutgers MQF - Alumni Review
Class of: 2023
When looking at ratings and reviews of Quant programs on this site, you need to make sure to have the context behind the numbers in... (more)
4.08 star(s) 13 reviews
Tuition
$70,251
Enrollment
68 FT
Acceptance rate
49.0%
Undergrad GPA
Employment Rate
At Graduation
48%
After 3 months
96%
Compensation
Base
$88,300
Avg total
University of Washington - MS Computational Finance & Risk Management

University of Washington

15
Total Score
74
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. Application Deadline: Jan 30

5.00 star(s) -
Great Program, Strongly Recommend
Class of: 2023
I am an MS graduate (2022 cohort) from the Computational Finance and Risk Management (CFRM) program at the University of Washington... (more)
4.95 star(s) 40 reviews
Tuition
$42,840
Enrollment
42 FT, 12 PT
Acceptance rate
33.6%
Undergrad GPA
Employment Rate
At Graduation
76%
After 3 months
92%
Compensation
Base
$82,000
Avg total
Johns Hopkins University - Financial Mathematics MSE

Johns Hopkins University

Baltimore, MD 21218 Financial Mathematics MSE
17
Total Score
71
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

5.00 star(s) -
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... (more)
4.60 star(s) 10 reviews
Tuition
$84,605
Enrollment
26 FT
Acceptance rate
31.9%
Undergrad GPA
Employment Rate
At Graduation
13%
After 3 months
100%
Compensation
Base
$94,750
Avg total
Boston University - MS in Mathematical Finance and Financial Technology

Boston University

18
Total Score
68
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)

5.00 star(s) -
A Great Math Finance Program
Class of: 2022
The program offers a well-balanced curriculum that includes both rigorous classical theories and practical applications. Faculty... (more)
3.73 star(s) 15 reviews
Tuition
$82,080
Enrollment
101 FT
Acceptance rate
41.0%
Undergrad GPA
Employment Rate
At Graduation
28%
After 3 months
82%
Compensation
Base
$81,000
Avg total
Fordham University - MS in Quantitative Finance

Fordham University

New York, NY 10023 MS in Quantitative Finance
19
Total Score
66
Peer Score
2.3
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)

5.00 star(s) -
Great professors & network
Class of: 2025
Exceptional faculty with strong industry and academic backgrounds. You get exposure to a prestigious crowd. The professors also... (more)
5.00 star(s) 14 reviews
Tuition
$72,765
Enrollment
74 FT
Acceptance rate
42.5%
Employment Rate
At Graduation
27%
After 3 months
90%
Compensation
Base
$89,068
Avg total
Stony Brook University - Master in Quantitative Finance

Stony Brook University

Stony Brook, NY 11794 Master in Quantitative Finance
20
Total Score
59
Peer Score
2.6
Application Deadline: Dec 1

4.00 star(s) -
Stony Brook Quantitative Finance MS Review
Class of: 2022
When reviewing a university program, I like to focus on three main points: quality of education, career opportunities, and cost... (more)
4.50 star(s) 2 reviews
Tuition
$42,647
Enrollment
11 FT
Acceptance rate
57.9%
Undergrad GPA
Employment Rate
After 3 months
82%
Compensation
Avg total
University of Minnesota - Master of Financial Mathematics

University of Minnesota

Minneapolis, MN 55455 Master of Financial Mathematics
21
Total Score
56
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)

5.00 star(s) -
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... (more)
4.71 star(s) 42 reviews
Tuition
$47,766
Enrollment
25 FT, 4 PT
Acceptance rate
81.7%
Undergrad GPA
Employment Rate
At Graduation
41%
After 3 months
52%
Compensation
Base
$72,000
Avg total
Stevens Institute of Technology - Master in Financial Engineering

Stevens Institute of Technology

22
Total Score
55
Peer Score
2.5
The Master in Financial Engineering (MFE) program is offered by Stevens School of Business. The three-semester program starts each fall semester. Application Deadline: Nov 1 (Spring), Apr 15 (Fall)

5.00 star(s) -
Great Experience as a Financial Technology and Analytics Student
Class of: 2025
As a Financial Technology and Analytics student, I have found the Stevens FTA (Financial Engineering Stream) program to be both... (more)
4.51 star(s) 57 reviews
Tuition
$48,208
Enrollment
46 FT, 5 PT
Acceptance rate
89.8%
Undergrad GPA
Employment Rate
At Graduation
24%
After 3 months
62%
Compensation
Base
$63,139
Avg total
Rensselaer Polytechnic Institute - MS in Quantitative Finance and Risk Analytics
Application Deadline: December 1, January 15, March 1, April 15

5.00 star(s) -
Class of:
Though the location is not financially- central, you will still definitely be surrounded by cutting edge lectures and experienced... (more)
4.82 star(s) 11 reviews
Tuition
$56,964
Enrollment
26 FT
Acceptance rate
53.6%
Employment Rate
At Graduation
34%
After 3 months
55%
Compensation
Avg total
Claremont Graduate University - MS in Financial Engineering

Claremont Graduate University

Claremont, CA 91711 MS in Financial Engineering
24
Total Score
46
Peer Score
2.1
Application Deadline: Jul 5

4.00 star(s) -
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... (more)
3.50 star(s) 12 reviews
Tuition
$79,200
Enrollment
9 FT
Acceptance rate
54.0%
Employment Rate
At Graduation
40%
After 3 months
70%
Compensation
Avg total
~ Illinois Institute of Technology - Master in Mathematical Finance

~ Illinois Institute of Technology

Chicago, IL 60616 Master in Mathematical Finance
25
Total Score
42
Peer Score
2.5

5.00 star(s) -
Class of:
A program always make you believe you will perform better in Quant World!(2011.08 – 2013.05) What do you think is unique about... (more)
4.33 star(s) 6 reviews
Tuition
$54,000
Enrollment
6 FT
Acceptance rate
58.2%
Employment Rate
At Graduation
7%
After 3 months
33%
Compensation
Avg total
Florida State University - Financial Mathematics

Florida State University

Tallahassee, FL 32306 Financial Mathematics
NR
Peer Score
2.1

0.00 star(s) -
Class of:
(more)
0.00 star(s) 0 reviews
Tuition
$38,875
Enrollment
17 FT
Acceptance rate
40.6%
Employment Rate
At Graduation
71%
After 3 months
86%
Compensation
Avg total
Lehigh University - MS in Financial Engineering

Lehigh University

Bethlehem, PA 18015 MS in Financial Engineering
NR
Peer Score
2.0
Application Deadline: Nov 15 (Spring), Oct 15 (round 1), Jan 15 (round 2), Apr 1 (round 3), May 15 (round 4)

5.00 star(s) -
Lehigh University's MS in Financial Engineering program provides a rigorous, integrated education in finance, mathematics, and computational methods that prepares students for successful careers in quantitative finance, risk management, and fintech, and I highly recommend it.
Class of: 2026
The MS in Financial Engineering program at Lehigh University is a rigorous and well-structured program that effectively combines... (more)
5.00 star(s) 22 reviews
Tuition
$45,000
Enrollment
12 FT
Acceptance rate
47.3%
Employment Rate
At Graduation
50%
After 3 months
80%
Compensation
~ Rutgers University - MS in Mathematical Finance

~ Rutgers University

Piscataway, NJ 08854 MS in Mathematical Finance
NR
Peer Score
2.7

5.00 star(s) -
Class of:
The program is strong. Students are expected to take two courses each of stochastic calculus, numerical analysis, and statistics... (more)
4.13 star(s) 8 reviews
Tuition
$57,461
Enrollment
16 FT
Acceptance rate
43.7%
Employment Rate
At Graduation
33%
After 3 months
75%
Compensation
Avg total
University of Connecticut - Applied Financial Mathematics

University of Connecticut

Storrs, Connecticut 06269 Applied Financial Mathematics
NR
Peer Score
2.0

0.00 star(s) -
Class of:
(more)
0.00 star(s) 0 reviews
Tuition
$51,210
Enrollment
10 FT
Acceptance rate
56.7%
Employment Rate
Compensation
University of Illinois Urbana Champaign - Master of Financial Engineering
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

4.00 star(s) -
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... (more)
4.59 star(s) 39 reviews
Tuition
$75,150
Enrollment
50 FT
Acceptance rate
68.5%
Undergrad GPA
Employment Rate
At Graduation
31%
After 3 months
76%
Compensation
Base
$87,500
University of Michigan - MS in Quantitative Finance and Risk Management
Application Deadline: February 1

2.00 star(s) -
Class of:
Introduction: I write this review from the perspective of a student who has a balanced mathematics and statistics background whose... (more)
2.67 star(s) 6 reviews
Tuition
$72,306
Enrollment
30 FT
Acceptance rate
38.2%
Employment Rate
At Graduation
48%
After 3 months
52%
Compensation
Avg total
University of North Carolina at Charlotte - MS in Mathematical Finance
Application Deadline: Oct 1 (Spring), Mar 1 (Fall)

3.00 star(s) -
Class of:
I just finished my degree here with a computational finance concentration and it wasn't what I expected. To be honest if you are... (more)
4.60 star(s) 10 reviews
Tuition
$40,583
Enrollment
31 FT, 12 PT
Acceptance rate
80.0%
Undergrad GPA
Employment Rate
At Graduation
35%
After 3 months
62%
Compensation
Base
$86,857
Avg total
University of Southern California - MS in Mathematical Finance

University of Southern California

Los Angeles, CA 90007 MS in Mathematical Finance
NR
Peer Score
2.0

0.00 star(s) -
Class of:
(more)
0.00 star(s) 0 reviews
Tuition
$72,933
Enrollment
27 FT
Acceptance rate
17.8%
Employment Rate
At Graduation
20%
After 3 months
73%
Compensation
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