2021 QuantNet Ranking of Best Financial Engineering Programs

The 2021 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.

Baruch College - Master in Financial Engineering

Baruch College

New York, NY 10010 Master in Financial Engineering
1
Total Score
100
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
Pending 28 Waitlisted 0 Accepted 229 Rejected 379
Tuition
$42,395
Enrollment
26 FT, 3 PT
Acceptance rate
8.2%
Undergrad GPA
Employment Rate
At Graduation
93%
After 3 months
100%
Compensation
Base
$121,621
Avg total
Visit program's website
Carnegie Mellon University - MS in Computational Finance

Carnegie Mellon University

New York, NY 10005 | Pittsburgh, PA 15213 MS in Computational Finance
2
Total Score
95
Peer Score
4.1
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.
4.70 star(s) 53 reviews
Pending 15 Waitlisted 4 Accepted 405 Rejected 429
Tuition
$89,334
Enrollment
89 FT
Acceptance rate
8.9%
Undergrad GPA
Employment Rate
At Graduation
77%
After 3 months
95%
Compensation
Base
$108,846
Avg total
Visit program's website
Princeton University - Master in Finance

Princeton University

Princeton, NJ 08544 Master in Finance
3
Total Score
94
Peer Score
3.8
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
Pending 13 Waitlisted 2 Accepted 70 Rejected 286
Tuition
$112,940
Enrollment
20 FT
Acceptance rate
5.5%
Undergrad GPA
Employment Rate
At Graduation
92%
After 3 months
100%
Compensation
Base
$115,437
Avg total
Visit program's website
Columbia University - Masters in Financial Engineering

Columbia University

New York, NY 10027 Masters in Financial Engineering
4
Total Score
91
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.
3.18 star(s) 11 reviews
Pending 34 Waitlisted 10 Accepted 397 Rejected 474
Tuition
$79,056
Enrollment
85 FT
Acceptance rate
10.9%
Undergrad GPA
Employment Rate
At Graduation
69%
After 3 months
98%
Compensation
Base
$106,833
Avg total
Visit program's website
University of California, Berkeley - Master of Financial Engineering

University of California, Berkeley

Berkeley, CA 94720 Master of Financial Engineering
5
Total Score
88
Peer Score
4.1
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.
4.17 star(s) 41 reviews
Pending 5 Waitlisted 10 Accepted 230 Rejected 147
Tuition
$75,108
Enrollment
96 FT
Acceptance rate
16.9%
Undergrad GPA
Employment Rate
At Graduation
70%
After 3 months
92%
Compensation
Base
$113,544
Avg total
Visit program's website
Cornell University - Master in Financial Engineering

Cornell University

Ithaca, NY 14850 Master in Financial Engineering
6
Total Score
85
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.
4.71 star(s) 7 reviews
Pending 5 Waitlisted 0 Accepted 331 Rejected 264
Tuition
$87,879
Enrollment
27 FT
Acceptance rate
17.0%
Undergrad GPA
Employment Rate
At Graduation
58%
After 3 months
90%
Compensation
Base
$106,000
Avg total
Visit program's website
Columbia University - MA in Mathematics of Finance

Columbia University

New York, NY 10027 MA in Mathematics of Finance
7
Total Score
84
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.
4.65 star(s) 17 reviews
Pending 8 Waitlisted 0 Accepted 257 Rejected 184
Tuition
$82,049
Enrollment
52 FT, 1 PT
Acceptance rate
23.8%
Undergrad GPA
Employment Rate
At Graduation
72%
After 3 months
96%
Compensation
Base
$93,504
Avg total
Visit program's website
NYU Tandon School of Engineering - MS in Financial Engineering

NYU Tandon School of Engineering

Brooklyn, NY 11201 MS in Financial Engineering
8
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.
3.43 star(s) 30 reviews
Pending 2 Waitlisted 3 Accepted 337 Rejected 166
Tuition
$70,000
Enrollment
96 FT, 4 PT
Acceptance rate
33.0%
Undergrad GPA
Employment Rate
At Graduation
74%
After 3 months
86%
Compensation
Base
$90,037
Avg total
Visit program's website
University of Chicago - MS in Financial Mathematics

University of Chicago

Chicago, IL 60637 MS in Financial Mathematics
8
Total Score
83
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.
4.70 star(s) 50 reviews
Pending 10 Waitlisted 14 Accepted 433 Rejected 245
Tuition
$84,625
Enrollment
69 FT, 6 PT
Acceptance rate
27.4%
Undergrad GPA
Employment Rate
At Graduation
81%
After 3 months
93%
Compensation
Base
$94,999
Avg total
Visit program's website
Georgia Institute of Technology - MS in Quantitative and Computational Finance

Georgia Institute of Technology

Atlanta, GA 30332 MS in Quantitative and Computational Finance
10
Total Score
80
Peer Score
2.8
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.
3.89 star(s) 9 reviews
Pending 10 Waitlisted 3 Accepted 231 Rejected 153
Tuition
$61,260
Enrollment
34 FT
Acceptance rate
15.0%
Undergrad GPA
Employment Rate
At Graduation
68%
After 3 months
96%
Compensation
Base
$95,920
Avg total
Visit program's website
New York University - MS in Mathematics in Finance

New York University

New York, NY 10012 MS in Mathematics in Finance
11
Total Score
77
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.
4.64 star(s) 11 reviews
Pending 3 Waitlisted 0 Accepted 210 Rejected 294
Tuition
$74,450
Enrollment
27 FT, 5 PT
Acceptance rate
16.2%
Undergrad GPA
Employment Rate
At Graduation
24%
After 3 months
48%
Compensation
Base
$103,700
Avg total
Visit program's website
North Carolina State University - Master in Financial Mathematics

North Carolina State University

Raleigh, NC 27695 Master in Financial Mathematics
11
Total Score
77
Peer Score
2.5
North Carolina State University (NCSU) offers a three-semester Financial Mathematics program through its Department of Mathematics.
4.48 star(s) 27 reviews
Pending 2 Waitlisted 0 Accepted 105 Rejected 23
Tuition
$58,497
Enrollment
17 FT
Acceptance rate
21.2%
Undergrad GPA
Employment Rate
At Graduation
68%
After 3 months
100%
Compensation
Base
$89,692
Avg total
Visit program's website
Boston University - MS in Mathematical Finance and Financial Technology

Boston University

Boston, MA 02215 MS in Mathematical Finance and Financial Technology
13
Total Score
74
Peer Score
3.0
The three-semester program is offered by Boston University's Questrom School of Business.
3.73 star(s) 15 reviews
Pending 2 Waitlisted 0 Accepted 226 Rejected 116
Tuition
$85,281
Enrollment
101 FT
Acceptance rate
42.8%
Undergrad GPA
Employment Rate
At Graduation
60%
After 3 months
94%
Compensation
Base
$85,600
Avg total
Visit program's website
Rutgers University - Master of Quantitative Finance

Rutgers University

Newark, NJ 07102 Master of Quantitative Finance
14
Total Score
71
Peer Score
2.6
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
Pending 1 Waitlisted 0 Accepted 123 Rejected 8
Tuition
$67,587
Enrollment
31 FT, 1 PT
Acceptance rate
47.3%
Undergrad GPA
Employment Rate
At Graduation
61%
After 3 months
93%
Compensation
Base
$89,257
Avg total
Visit program's website
University of Washington - MS Computational Finance & Risk Management

University of Washington

Seattle, WA 98195 MS Computational Finance & Risk Management
14
Total Score
71
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
Pending 2 Waitlisted 0 Accepted 94 Rejected 67
Tuition
$46,500
Enrollment
38 FT, 12 PT
Acceptance rate
47.0%
Undergrad GPA
Employment Rate
At Graduation
74%
After 3 months
100%
Compensation
Base
$72,578
Avg total
Visit program's website
University of California, Los Angeles - Master of Financial Engineering

University of California, Los Angeles

Los Angeles, CA 90095 Master of Financial Engineering
16
Total Score
68
Peer Score
3.2
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
Pending 3 Waitlisted 1 Accepted 179 Rejected 82
Tuition
$78,470
Enrollment
48 FT
Acceptance rate
23.5%
Undergrad GPA
Employment Rate
At Graduation
39%
After 3 months
74%
Compensation
Base
$97,000
Avg total
Visit program's website
Fordham University - MS in Quantitative Finance

Fordham University

New York, NY 10023 MS in Quantitative Finance
17
Total Score
64
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) 12 reviews
Pending 2 Waitlisted 0 Accepted 68 Rejected 14
Tuition
$75,690
Enrollment
31 FT
Acceptance rate
62.2%
Undergrad GPA
Employment Rate
At Graduation
43%
After 3 months
66%
Compensation
Base
$89,709
Avg total
Visit program's website
Stony Brook University - Master in Quantitative Finance

Stony Brook University

Stony Brook, NY 11794 Master in Quantitative Finance
18
Total Score
61
Peer Score
2.4
4.50 star(s) 2 reviews
Pending 0 Waitlisted 0 Accepted 17 Rejected 8
Tuition
$43,790
Enrollment
23 FT, 2 PT
Acceptance rate
76.2%
Undergrad GPA
Employment Rate
At Graduation
36%
After 3 months
100%
Compensation
Avg total
Visit program's website
University of Illinois Urbana Champaign - Master of Financial Engineering

University of Illinois Urbana Champaign

Urbana, IL 61801 Master of Financial Engineering
19
Total Score
60
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.
4.61 star(s) 38 reviews
Pending 0 Waitlisted 0 Accepted 138 Rejected 37
Tuition
$77,880
Enrollment
22 FT
Acceptance rate
48.5%
Undergrad GPA
Employment Rate
At Graduation
5%
After 3 months
66%
Compensation
Base
$102,600
Visit program's website
Stevens Institute of Technology - Master in Financial Engineering

Stevens Institute of Technology

Hoboken, NJ 07030 Master in Financial Engineering
20
Total Score
59
Peer Score
2.3
The Master in Financial Engineering (MFE) program is offered by Stevens School of Business. The three-semester program starts each fall semester.
4.45 star(s) 49 reviews
Pending 0 Waitlisted 0 Accepted 65 Rejected 2
Tuition
$47,530
Enrollment
30 FT, 7 PT
Acceptance rate
95.0%
Undergrad GPA
Employment Rate
At Graduation
50%
After 3 months
82%
Compensation
Base
$81,447
Avg total
Visit program's website
University of Minnesota - Master of Financial Mathematics

University of Minnesota

Minneapolis, MN 55455 Master of Financial Mathematics
21
Total Score
58
Peer Score
2.7
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
Pending 0 Waitlisted 0 Accepted 28 Rejected 10
Tuition
$43,995
Enrollment
19 FT
Acceptance rate
85.2%
Employment Rate
At Graduation
23%
After 3 months
62%
Compensation
Base
$76,500
Visit program's website
Claremont Graduate University - MS in Financial Engineering

Claremont Graduate University

Claremont, CA 91711 MS in Financial Engineering
22
Total Score
53
Peer Score
2.1
3.45 star(s) 11 reviews
Pending 0 Waitlisted 0 Accepted 22 Rejected 1
Tuition
$81,576
Enrollment
6 FT
Acceptance rate
81.8%
Employment Rate
At Graduation
38%
After 3 months
85%
Compensation
Avg total
Visit program's website
Rensselaer Polytechnic Institute - MS in Quantitative Finance and Risk Analytics

Rensselaer Polytechnic Institute

Troy, NY 12180 MS in Quantitative Finance and Risk Analytics
23
Total Score
42
Peer Score
2.1
4.82 star(s) 11 reviews
Pending 0 Waitlisted 0 Accepted 11 Rejected 7
Tuition
$58,290
Enrollment
13 FT
Acceptance rate
72.8%
Employment Rate
At Graduation
8%
After 3 months
18%
Compensation
Avg total
Visit program's website
Illinois Institute of Technology - Master in Mathematical Finance

Illinois Institute of Technology

Chicago, IL 60616 Master in Mathematical Finance
NR
Peer Score
2.2
4.33 star(s) 6 reviews
Pending 0 Waitlisted 0 Accepted 22 Rejected 1
Tuition
$52,450
Enrollment
6 FT
Acceptance rate
61.6%
Employment Rate
Compensation
Visit program's website
Johns Hopkins University - Financial Mathematics MSE

Johns Hopkins University

Baltimore, MD 21218 Financial Mathematics MSE
NR
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
Pending 3 Waitlisted 0 Accepted 65 Rejected 52
Tuition
$87,120
Enrollment
57 FT, 2 PT
Acceptance rate
41.4%
Undergrad GPA
Employment Rate
At Graduation
23%
After 3 months
100%
Compensation
Base
$87,625
Avg total
Visit program's website
Lehigh University - MS in Financial Engineering

Lehigh University

Bethlehem, PA 18015 MS in Financial Engineering
NR
Peer Score
2.0
5.00 star(s) 22 reviews
Pending 1 Waitlisted 0 Accepted 3 Rejected 0
Tuition
$45,000
Enrollment
13 FT
Acceptance rate
73.2%
Employment Rate
Compensation
Visit program's website
Rutgers University - MS in Mathematical Finance

Rutgers University

Piscataway, NJ 08854 MS in Mathematical Finance
NR
Peer Score
2.5
4.13 star(s) 8 reviews
Pending 0 Waitlisted 0 Accepted 88 Rejected 32
Tuition
$55,310
Enrollment
17 FT, 2 PT
Acceptance rate
49.1%
Employment Rate
After 3 months
56%
Compensation
Avg total
Visit program's website
University of Michigan - MS in Quantitative Finance and Risk Management

University of Michigan

Ann Arbor, MI 48109 MS in Quantitative Finance and Risk Management
NR
Peer Score
2.6
2.67 star(s) 6 reviews
Pending 0 Waitlisted 0 Accepted 16 Rejected 13
Tuition
$74,322
Enrollment
24 FT
Acceptance rate
35.7%
Employment Rate
At Graduation
37%
After 3 months
67%
Compensation
Avg total
Visit program's website
University of North Carolina at Charlotte - MS in Mathematical Finance

University of North Carolina at Charlotte

Charlotte, NC 28223 MS in Mathematical Finance
NR
Peer Score
2.2
4.60 star(s) 10 reviews
Pending 0 Waitlisted 0 Accepted 23 Rejected 0
Tuition
$40,583
Enrollment
39 FT
Acceptance rate
80.6%
Employment Rate
At Graduation
25%
After 3 months
50%
Compensation
Visit program's website

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  • Published
    11/17/21
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