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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 2020 QuantNet ranking of Financial Engineering, Quantitative Finance masters programs in the US provides detailed information on placement and admission statistics from top programs in the country, making it uniquely valuable to the quant finance community at large.

The 2020 QuantNet rankings are best positioned to help prospective applicants decide where to apply and enroll in these master quantitative programs.

2020 Rankings Methodology
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Rank Program Total score Peer assessment Employment rate at graduation Employment rate three months after graduation Average starting base salary plus sign-on bonus Average GRE Quant of admitted FT students Tuition Cohort Size
1 Princeton University
Master in Finance
Princeton, NJ
100 4.0 100% 100% $155,571 168 $107,540 (2 years) 29 FT
2 Baruch College, City University of New York
Financial Engineering
New York, NY
99 4.0 87% 95% $127,883 169.5 $42,395 (non-resident) $28,670 (resident) 29 FT, 1 PT
3 Carnegie Mellon University
Computational Finance
Pittsburgh, PA
98 4.4 78% 93% $117,775 169 $86,820 98 FT
3 Columbia University
Financial Engineering
New York, NY
98 3.8 93% 100% $119,082 169.5 $75,744 94 FT
5 University of California, Berkeley
Financial Engineering
Berkeley, CA
94 4.0 82% 88% $131,526 168.6 $72,970 93 FT
6 New York University
Mathematics in Finance
New York, NY
93 3.8 60% 91% $115,000 169 $84,000 46 FT, 3 PT
7 Cornell University
MEng, FE concentration
Ithaca, NY
92 3.6 76% 89% $127,773 168 $84,825 78 FT
8 Columbia University
Mathematics of Finance
New York, NY
91 3.5 67% 94% $118,869 169.1 $79,450 106 FT, 5 PT
9 NYU Tandon School of Engineering
Financial Engineering
Brooklyn, NY
87 3.3 73% 86% $96,961 169.2 $70,000 (2 years) 157 FT
10 Massachusetts Institute of Technology
Master of Finance
Cambridge, MA
83 3.5 73% 94% $88,537 168 $80,350 (12 months), $111,275 (18 months) 116 FT
11 Georgia Institute of Technology
Quantitative and Computational Finance
Atlanta, GA
81 3.0 62% 100% $98,821 168.7 $57,969 (non-resident) $26,379 (resident) 46 FT
12 University of Chicago
Financial Mathematics
Chicago, IL
80 3.3 74% 93% $99,345 168 $84,625 75 FT, 7 PT
13 North Carolina State University
Financial Mathematics
Raleigh, NC
76 2.2 72% 100% $97,663 168.2 $58,497 (non-resident) $32,508 (resident) 17 FT, 1 PT
13 University of California, Los Angeles
Financial Engineering
Los Angeles, CA
76 3.4 54% 69% $100,964 168 $78,470 75 FT
15 Rutgers University
Quantitative Finance
Newark, NJ
74 2.7 48% 96% $93,139 168 $70,251 (non-resident) $48,489 (resident) 68 FT
15 University of Washington
Computational Finance & Risk Management
Seattle, WA
74 3.0 76% 92% $83,071 167 $55,080 (54 credit option), $42,840 (42 credit option) 42 FT, 12 PT
17 Johns Hopkins University
Financial Mathematics
Baltimore, MD
71 2.7 13% 100% $96,855 168.9 $84,605 26 FT
18 Boston University
Mathematical Finance
Boston, MA
68 3.1 28% 82% $85,777 168.5 $82,080 101 FT
19 Fordham University
Quantitative Finance
New York, NY
66 2.3 27% 90% $90,583 167.4 $72,765 74 FT
20 Stony Brook University
Quantitative Finance
Stony Brook, NY
59 2.6 0% 82% $87,500 160 $42,647 (non-resident) $24,962 (resident) 11 FT
21 University of Minnesota
Financial Mathematics
Minneapolis, MN
56 2.8 41% 52% $73,500 166.5 $40,224-47,766 (non-resident), $32,128-38,152 (resident) 25 FT, 4 PT
22 Stevens Institute of Technology
Financial Engineering
Hoboken, NJ
55 2.5 24% 62% $66,192 164 $48,208 46 FT, 5 PT
23 Rensselaer Polytechnic Institute
Quantitative Finance and Risk Analytics
Troy, NY
54 2.3 34% 55% $78,630 165 $56,964 26 FT
24 Claremont Graduate University
Financial Engineering
Claremont, CA
46 2.1 40% 70% $62,109 157 $79,200 9 FT
25 Illinois Institute of Technology
Mathematical Finance
Chicago, IL
42 2.5 7% 33% $85,000 162 $54,000 6 FT
NR* Florida State University
Financial Mathematics
Tallahassee, FL
2.1 71% 86% $70,000 164 $38,875 (non-resident) $16,776 (resident) 17 FT
NR* Lehigh University
Financial Engineering
Bethlehem, PA
2.0 50% 80% $0 164 $45,000 12 FT
NR* Rutgers University
Mathematical Finance
New Brunswick, NJ
2.7 33% 75% $89,524 167 $57,461 (non-resident) $33,367 (resident) 16 FT
NR* University of Connecticut
Applied Financial Mathematics
Storrs, CT
2.0 0% 0% n/a 166.6 $51,210 (non-resident) $23,820 (resident) 10 FT
NR* University of Illinois
Financial Engineering
Urbana, IL
2.7 31% 76% $87,500 168 $75,150 50 FT
NR* University of Michigan
Quantitative Finance
Ann Arbor, MI
2.7 48% 52% $84,874 168.9 $72,306 (non-resident) $35,835 (resident) 30 FT
NR* University of North Carolina at Charlotte
Mathematical Finance
Charlotte, NC
2.4 35% 62% $90,000 161 $40,583 (non-resident) $20,432 (resident) 31 FT, 12 PT
NR* University of Southern California
Mathematical Finance
Los Angeles, CA
2.0 20% 73% n/a 168 $72,933 27 FT
* Programs that did not provide placement data or salary information meeting a minimum threshold were denoted as NR (not ranked).
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