2022 QuantNet Ranking of Best Financial Engineering Programs

The 2022 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
4.1
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)
Reviewed by Verified Member
  • Amazing Program - Got Way More Help Than I Could've Asked For :)
  • Class of 2025
Amazing program! I received so much help from Dan and all the alumni. They're a group of wonderful people that go to great lengths to help their students. I'm also impressed by how much help that alumni provide in my search for a full-time job, not just from Dan and... (more)
4.94 star(s) 34 reviews
Tuition
$42,395
Enrollment
24 FT
Acceptance rate
8.8%
Undergrad GPA
Employment Rate
At Graduation
100%
After 3 months
100%
Compensation
Base
$126,983
Avg total
University of California, Berkeley - Master of Financial Engineering

University of California, Berkeley

Berkeley, CA 94720 Master of Financial Engineering
2
Total Score
95
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)
  • Rising again
  • Class of 2026
I had heard mixed things about the career services from the previous batch, and it’s true that after Linda’s departure, the program initially struggled in that area. However, despite those challenges, the prior year's full-time employment results were still quite solid... (more)
4.18 star(s) 44 reviews
Tuition
$76,610
Enrollment
79 FT, 3 PT
Acceptance rate
14.6%
Undergrad GPA
Employment Rate
At Graduation
84%
After 3 months
99%
Compensation
Base
$125,821
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
94
Peer Score
4.3
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 the Computer Science Department, Department of Mathematical Sciences, Department of Statistics & Data Science and the Tepper School of Business. Application Deadline: Dec 1 (round 1), Mar 1 (round 2)
Reviewed by Verified Member
  • There's a reason this program is ranked so highly
  • Class of 2026
Overall: CMU is all round one of the best programs out there for a reason. While this summer many other programs were struggling really hard to place their students for internships, CMU was one of the few programs that did not have these issues. The program is well known... (more)
4.71 star(s) 55 reviews
Tuition
$90,189
Enrollment
95 FT
Acceptance rate
17.0%
Undergrad GPA
Employment Rate
At Graduation
68%
After 3 months
97%
Compensation
Base
$107,821
Avg total
Princeton University - Master in Finance

Princeton University

Princeton, NJ 08544 Master in Finance
4
Total Score
93
Peer Score
3.8
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
Reviewed by Verified Member
  • Great Quantitative Finance Program
  • Class of 2023
Princeton MFin is one of the top quantitative finance programs. Here is what I like about it: Coursework: The core courses covered asset pricing, stochastic calculus, accounting, and data analysis. Since I was an engineering major, these courses helped me to build a... (more)
4.89 star(s) 9 reviews
Tuition
$112,020
Enrollment
32 FT
Acceptance rate
6.2%
Undergrad GPA
Employment Rate
At Graduation
100%
After 3 months
100%
Compensation
Base
$121,000
Avg total
Columbia University - Masters in Financial Engineering

Columbia University

5
Total Score
92
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
  • 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 training. Students: Given that the program has a 10% acceptance rate, the students that are accepted are necessarily the best of the best. Many... (more)
3.31 star(s) 16 reviews
Tuition
$81,792
Enrollment
133 FT
Acceptance rate
12.0%
Undergrad GPA
Employment Rate
At Graduation
87%
After 3 months
100%
Compensation
Base
$108,128
Avg total
Columbia University - MA in Mathematics of Finance (MAFN)

Columbia University

6
Total Score
85
Peer Score
3.3
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
  • Good program
  • Class of 2025
I think MAFN is good. The professors are responsible, and they try hard to build networks among alumni. I believe it will rank higher in the next few years. (more)
4.68 star(s) 19 reviews
Tuition
$86,788
Enrollment
122 FT, 3 PT
Acceptance rate
18.8%
Undergrad GPA
Employment Rate
At Graduation
76%
After 3 months
100%
Compensation
Base
$100,537
Avg total
New York University - MS in Mathematics in Finance

New York University

New York, NY 10012 MS in Mathematics in Finance
7
Total Score
84
Peer Score
3.9
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
Reviewed by Verified Member
  • Very selective and rewarding program, help me secure a hedge fund job
  • Class of 2025
The MS in Mathematics in Finance at NYU Courant is an exceptional program that I strongly recommend. Coming from an Ivy League background in mathematics and statistics, I found that this program truly deepened and extended my quantitative foundation into the practical... (more)
4.47 star(s) 15 reviews
Tuition
$75,957
Enrollment
49 FT, 4 PT
Acceptance rate
17.4%
Undergrad GPA
Employment Rate
At Graduation
54%
After 3 months
95%
Compensation
Base
$100,000
Avg total
NYU Tandon School of Engineering - MS in Financial Engineering

NYU Tandon School of Engineering

Brooklyn, NY 11201 MS in Financial Engineering
7
Total Score
84
Peer Score
3.5
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
Reviewed by Verified Member
  • Opened Doors I Never Thought Possible
  • Class of 2025
Like many things in life, people can have different opinions about the same experience, and the NYU MFE program is no exception. I can only speak from my own experience. For me personally, the NYU MFE program opened a door that would otherwise have been impossible to... (more)
3.58 star(s) 36 reviews
Tuition
$77,018
Enrollment
131 FT, 1 PT
Acceptance rate
16.0%
Undergrad GPA
Employment Rate
At Graduation
76%
After 3 months
92%
Compensation
Base
$90,184
Avg total
Massachusetts Institute of Technology - Master of Finance

Massachusetts Institute of Technology

Cambridge, MA 02139 Master of Finance
9
Total Score
81
Peer Score
3.2
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
  • 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 degree -- whether you want it to be completely quant focused, or basically an MBA. - Extremely sharp cohort. Many of your classmates will... (more)
3.81 star(s) 27 reviews
Tuition
$113,700
Enrollment
138 FT
Acceptance rate
9.0%
Undergrad GPA
Employment Rate
At Graduation
79%
After 3 months
99%
Compensation
Base
$92,920
Cornell University - Master in Financial Engineering

Cornell University

10
Total Score
80
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
Reviewed by Verified Member
  • Average Program
  • Class of 2025
Academics: Overall, I would rate the academics as average. You’ll spend your first year on the Ithaca campus taking classes from ORIE department professors. Some of them are excellent, while others are less engaging , so you’ll need to rely heavily on self-study. That... (more)
4.40 star(s) 10 reviews
Tuition
$90,439
Enrollment
63 FT
Acceptance rate
20.0%
Undergrad GPA
Employment Rate
At Graduation
48%
After 3 months
100%
Compensation
Base
$99,250
Avg total
University of Chicago - MS in Financial Mathematics

University of Chicago

Chicago, IL 60637 MS in Financial Mathematics
10
Total Score
80
Peer Score
3.5
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)
  • 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 Business. The diverse cohort—including mature students—adds depth to discussions, while capstone projects with industry partners provide real-world... (more)
4.71 star(s) 52 reviews
Tuition
$86,428
Enrollment
141 FT, 5 PT
Acceptance rate
22.5%
Undergrad GPA
Employment Rate
At Graduation
76%
After 3 months
90%
Compensation
Base
$99,419
Avg total
University of California, Los Angeles - Master of Financial Engineering

University of California, Los Angeles

Los Angeles, CA 90095 Master of Financial Engineering
12
Total Score
79
Peer Score
3.3
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. Application Deadline: Dec 31 (round 1), Mar 1 (round 2), Apr 30 (round 3)
  • 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 generally happy with my own outcome at UCLA and I emphasize this to point out my review is not an expression of personal frustration. I am... (more)
4.26 star(s) 46 reviews
Tuition
$81,216
Enrollment
81 FT
Acceptance rate
34.2%
Undergrad GPA
Employment Rate
At Graduation
74%
After 3 months
95%
Compensation
Base
$100,396
Avg total
North Carolina State University - Master in Financial Mathematics

North Carolina State University

13
Total Score
78
Peer Score
2.3
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), Jan 31 (Fall)
Reviewed by Verified Member
  • NCSU Master of Financial Mathematics
  • Class of 2025
When entering a financial engineering or mathematics program, many students aspire to become quantitative researchers or traders. While this is a reasonable goal, I've learned it's important to understand what each program specifically prepares you for. NCSU's MFM... (more)
4.46 star(s) 28 reviews
Tuition
$59,534
Enrollment
37 FT
Acceptance rate
18.6%
Undergrad GPA
Employment Rate
At Graduation
60%
After 3 months
100%
Compensation
Base
$107,727
Avg total
University of Washington - MS Computational Finance & Risk Management

University of Washington

15
Total Score
76
Peer Score
3.1
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 (campus), May 1 (online)
Reviewed by Verified Member
  • Good Program Positive Feedback - Overall recommendation
  • Class of 2023
Pros - Small class size for both program and department, giving more exposure to professors and other fellows from the program and department - Reasonable curriculum: You will get the standard MFE preparation here - Flexibility of choosing a few electives, even from the... (more)
4.91 star(s) 44 reviews
Tuition
$46,500
Enrollment
43 FT, 15 PT
Acceptance rate
30.8%
Undergrad GPA
Employment Rate
At Graduation
76%
After 3 months
100%
Compensation
Base
$88,010
Avg total
Rutgers University - Master of Quantitative Finance

Rutgers University

16
Total Score
70
Peer Score
2.9
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)
Reviewed by Verified Member
  • Great, transformational, but can improve
  • Class of 2022
Good things 1. The Program offers diverse choices of subjects that you can tailor for your desired career path. 45 credits are required for graduation, 30 core and 15 elective. The 30 core credits, corresponding to 10 classes, will cover all the basis subjects centering... (more)
4.07 star(s) 14 reviews
Tuition
$64,900
Enrollment
80 FT
Acceptance rate
46.8%
Undergrad GPA
Employment Rate
At Graduation
71%
After 3 months
93%
Compensation
Base
$93,056
Avg total
University of Minnesota - Master of Financial Mathematics

University of Minnesota

Minneapolis, MN 55455 Master of Financial Mathematics
17
Total Score
64
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. Application Deadline: Feb 1 (round 1), Mar 1 (round 2)
Reviewed by Verified Member
  • 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 active professionals in the quant finance industry. This ensured that what we learned was not only theoretically sound but also aligned with... (more)
4.71 star(s) 42 reviews
Tuition
$47,775
Enrollment
17 FT, 4 PT
Acceptance rate
86.9%
Undergrad GPA
Employment Rate
At Graduation
75%
After 3 months
100%
Compensation
Base
$75,000
Avg total
Boston University - MS in Mathematical Finance and Financial Technology

Boston University

18
Total Score
60
Peer Score
3.0
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)
Reviewed by Verified Member
  • Great program but its rigorous
  • Class of 2025
The pre-term Math/Python camp is extremely important. I’d suggest putting in as much time and effort as possible during that period, because once the semester begins, things move fast and you’re expected to figure most things out on your own. The first semester is quite... (more)
3.69 star(s) 16 reviews
Tuition
$93,171
Enrollment
108 FT
Acceptance rate
43.8%
Undergrad GPA
Employment Rate
At Graduation
38%
After 3 months
73%
Compensation
Base
$86,640
Avg total
Stony Brook University - Master in Quantitative Finance

Stony Brook University

Stony Brook, NY 11794 Master in Quantitative Finance
19
Total Score
58
Peer Score
2.4
Application Deadline: Dec 1
  • 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. 1) Education: This is probably where the program is at its best. Most of the coursework you will see at Stony Brook is well chosen. The... (more)
4.50 star(s) 2 reviews
Tuition
$44,342
Enrollment
22 FT, 1 PT
Acceptance rate
73.2%
Undergrad GPA
Employment Rate
At Graduation
27%
After 3 months
100%
Compensation
Avg total
University of Illinois Urbana Champaign - Master of Financial Engineering

University of Illinois Urbana Champaign

20
Total Score
55
Peer Score
2.7
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: Dec 1 (round 1), Jan 1 (round 2), Feb 1 (round 3), Mar 1 (round 4), Apr 1 (round 5), Apr 15 (final)
Reviewed by Verified Member
  • Solid Coursework and Responsible Faculty
  • Class of 2025
The MSFE program emphasizes practical, technical skill development, and the program director is highly responsible and supportive of students’ career goals. The existing practicum is valuable, but more opportunities for industry-level projects would make the experience... (more)
4.57 star(s) 42 reviews
Tuition
$78,285
Enrollment
32 FT
Acceptance rate
66.5%
Undergrad GPA
Employment Rate
At Graduation
25%
After 3 months
84%
Compensation
Base
$80,000
Stevens Institute of Technology - Master in Financial Engineering

Stevens Institute of Technology

21
Total Score
54
Peer Score
2.4
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)
  • Excellent Program
  • Class of 2025
As a financial engineering student that knew very little about finance before coming to Stevens, the program has prepared me for a career in the finance industry. The Master´s program is mathematically rigorous, and all professors are excellent and will help you out... (more)
4.52 star(s) 58 reviews
Tuition
$50,210
Enrollment
42 FT, 4 PT
Acceptance rate
92.4%
Undergrad GPA
Employment Rate
At Graduation
33%
After 3 months
90%
Compensation
Base
$79,109
Avg total
Lehigh University - MS in Financial Engineering

Lehigh University

Bethlehem, PA 18015 MS in Financial Engineering
22
Total Score
53
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)
  • 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 finance, mathematics, and computational methods to prepare students for careers in quantitative finance, risk management, and financial... (more)
5.00 star(s) 22 reviews
Tuition
$50,210
Enrollment
13 FT
Acceptance rate
66.7%
Employment Rate
At Graduation
33%
After 3 months
90%
Compensation
Base
$61,071
Avg total
Claremont Graduate University - MS in Financial Engineering

Claremont Graduate University

Claremont, CA 91711 MS in Financial Engineering
NR
Peer Score
2.3
Application Deadline: Jul 5
  • 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. Pros: - Smaller class size One of the main reasons I leaned toward CGU is the low student-faculty ratio. In all the classes I took, I... (more)
3.50 star(s) 12 reviews
Tuition
$82,467
Enrollment
9 FT
Acceptance rate
56.5%
Employment Rate
At Graduation
38%
After 3 months
63%
Compensation
Avg total
Johns Hopkins University - Financial Mathematics MSE

Johns Hopkins University

Baltimore, MD 21218 Financial Mathematics MSE
NR
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
Reviewed by Verified Member
  • Good Program
  • Class of 2025
Overall, I really enjoyed the JHU Financial Math program. The emphasis on coursework is great — there are plenty of related classes to choose from, ranging from fundamental math and computer science to advanced topics like market microstructure, financial derivatives... (more)
4.64 star(s) 11 reviews
Tuition
$89,373
Enrollment
58 FT
Acceptance rate
38.4%
Undergrad GPA
Employment Rate
At Graduation
20%
After 3 months
73%
Compensation
Base
$91,100
Avg total
~ Rutgers University - MS in Mathematical Finance
The program is strong. Students are expected to take two courses each of stochastic calculus, numerical analysis, and statistics (regression and time series analysis). These courses are very rigorous. But it is not all theory. Many elective courses are taught by current... (more)
4.13 star(s) 8 reviews
Tuition
$56,239
Enrollment
10 FT, 1 PT
Acceptance rate
71.8%
Employment Rate
Compensation
University of North Carolina at Charlotte - MS in Mathematical Finance
Application Deadline: Oct 1 (Spring), Aug 1 (Fall)
Reviewed by Verified Member
  • Decent and good program
  • Class of 2024
I completed my M.S. in Mathematical Finance at UNC Charlotte in December 2024, and overall, I would describe the program as a technically rigorous and industry aligned choice that’s particularly strong for those aiming at risk, quantitative risk management, or applied... (more)
4.58 star(s) 12 reviews
Tuition
$41,720
Enrollment
36 FT
Acceptance rate
66.1%
Undergrad GPA
Employment Rate
At Graduation
62%
After 3 months
81%
Compensation
Base
$80,909
Avg total
2022 Rankings Methodology
  • Published
    1/27/14
  • Page views
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