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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 2021
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 2021 QuantNet ranking is best positioned to help prospective applicants decide where to apply and enroll in these master quantitative programs.
Join a discussion on 2021 ranking
| 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 | Baruch College, City University of New York Financial Engineering New York, NY |
100 | 4.0 | 93% | 100% | $147,028 | 169.8 | $42,395 (non-resident) $28,670 (resident) | 26 FT, 3 PT |
| 2 | Carnegie Mellon University Computational Finance Pittsburgh, PA |
95 | 4.1 | 77% | 95% | $127,546 | 169 | $89,151 | 89 FT |
| 3 | Princeton University Master in Finance Princeton, NJ |
94 | 3.8 | 92% | 100% | $126,496 | 168 | $112,940 (2 years) | 20 FT |
| 4 | Columbia University Financial Engineering New York, NY |
91 | 3.8 | 69% | 98% | $120,248 | 169 | $79,056 | 85 FT |
| 5 | University of California, Berkeley Financial Engineering Berkeley, CA |
88 | 4.1 | 70% | 92% | $124,401 | 169 | $75,108 | 96 FT |
| 6 | Cornell University MEng, FE concentration Ithaca, NY |
85 | 3.6 | 58% | 90% | $120,960 | 168 | $87,879 | 27 FT |
| 7 | Columbia University Mathematics of Finance New York, NY |
84 | 3.5 | 72% | 96% | $100,012 | 169.5 | $79,049 | 52 FT, 1 PT |
| 8 | NYU Tandon School of Engineering Financial Engineering Brooklyn, NY |
83 | 3.3 | 74% | 86% | $95,287 | 169 | $70,000 (2 years) | 96 FT, 4 PT |
| 8 | University of Chicago Financial Mathematics Chicago, IL |
83 | 3.4 | 81% | 93% | $105,499 | 168.3 | $84,625 | 69 FT, 6 PT |
| 10 | Georgia Institute of Technology Quantitative and Computational Finance Atlanta, GA |
80 | 2.8 | 68% | 96% | $102,430 | 168.8 | $61,260 (non-resident) $29,670 (resident) | 34 FT |
| 11 | New York University Mathematics in Finance New York, NY |
77 | 3.8 | 24% | 48% | $104,450 | 169 | $74,450 | 27 FT, 5 PT |
| 11 | North Carolina State University Financial Mathematics Raleigh, NC |
77 | 2.5 | 68% | 100% | $94,910 | 168 | $58,497 (non-resident) $32,508 (resident) | 17 FT |
| 13 | Boston University Mathematical Finance Boston, MA |
74 | 3.0 | 60% | 94% | $90,569 | 168.6 | $85,281 | 101 FT |
| 14 | Rutgers University Quantitative Finance Newark, NJ |
71 | 2.6 | 61% | 93% | $90,468 | 168 | $67,587 (non-resident) $48,825 (resident) | 31 FT, 1 PT |
| 14 | University of Washington Computational Finance & Risk Management Seattle, WA |
71 | 3.0 | 74% | 100% | $73,845 | 167 | $46,500 | 38 FT, 12 PT |
| 16 | University of California, Los Angeles Financial Engineering Los Angeles, CA |
68 | 3.2 | 39% | 74% | $103,250 | 166 | $78,470 | 48 FT |
| 17 | Fordham University Quantitative Finance New York, NY |
64 | 2.4 | 43% | 66% | $91,778 | 168 | $75,690 | 31 FT |
| 18 | Stony Brook University Quantitative Finance Stony Brook, NY |
61 | 2.4 | 36% | 100% | $90,000 | 162 | $43,790 (non-resident) $26,105 (resident) | 23 FT, 2 PT |
| 19 | University of Illinois Financial Engineering Urbana, IL |
60 | 2.6 | 5% | 66% | $102,600 | 167 | $77,880 | 22 FT |
| 20 | Stevens Institute of Technology Financial Engineering Hoboken, NJ |
59 | 2.3 | 50% | 82% | $90,197 | 162 | $47,530 | 30 FT, 7 PT |
| 21 | University of Minnesota Financial Mathematics Minneapolis, MN |
58 | 2.7 | 23% | 62% | $76,500 | 166.6 | $43,995 (non-resident), $35,140 (resident) | 19 FT |
| 22 | Claremont Graduate University Financial Engineering Claremont, CA |
53 | 2.1 | 38% | 85% | $94,905 | 165 | $80,310 | 6 FT |
| 23 | Rensselaer Polytechnic Institute Quantitative Finance and Risk Analytics Troy, NY |
42 | 2.1 | 8% | 18% | $74,600 | 166 | $58,290 | 13 FT |
| NR* | Florida State University Financial Mathematics Tallahassee, FL |
2.0 | 60% | 80% | $76,500 | 160.3 | $36,900 (non-resident) $16,000 (resident) | 6 FT | |
| NR* | Illinois Institute of Technology Mathematical Finance Chicago, IL |
2.2 | n/a | n/a | n/a | 166 | $52,450 | 6 FT | |
| NR* | Johns Hopkins University Financial Mathematics Baltimore, MD |
2.6 | 23% | 100% | $90,317 | 168 | $87,120 | 57 FT, 2 PT | |
| NR* | Lehigh University Financial Engineering Bethlehem, PA |
2.0 | n/a | n/a | n/a | n/a | $45,000 | 13 FT | |
| NR* | Rutgers University Mathematical Finance New Brunswick, NJ |
2.5 | 56% | $82,600 | 168 | $55,310 (non-resident) $33,590 (resident) | 17 FT, 2 PT | ||
| NR* | University of Connecticut Applied Financial Mathematics Storrs, CT |
2.1 | n/a | n/a | n/a | 166 | $62,364 (non-resident) $29,496 (resident) | 13 FT | |
| NR* | University of Michigan Quantitative Finance Ann Arbor, MI |
2.6 | 37% | 67% | $93,333 | 168 | $74,322 (non-resident) $37,023 (resident) | 24 FT | |
| NR* | University of North Carolina at Charlotte Mathematical Finance Charlotte, NC |
2.2 | 25% | 50% | n/a | 153 | $40,583 (non-resident) $20,432 (resident) | 24 FT, 10 PT |
* Programs that did not provide placement data or salary information meeting a minimum threshold were denoted as NR (not ranked).