2024 QuantNet Ranking of Best Financial Engineering Programs

The 2024 QuantNet MFE ranking is the most authoritative and comprehensive ranking of best Financial Engineering (MFE), Mathematical Finance programs in the continental USA.

QuantNet 2024 Ranking Badge SVG

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
4.3
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
Pending 20 Waitlisted 0 Accepted 230 Rejected 387
Tuition
$42,395
Enrollment
24 FT, 4 PT
Acceptance rate
7.1%
Undergrad GPA
Employment Rate
At Graduation
100%
After 3 months
100%
Employed in the US
Compensation
Base
$170,526
Avg total
Visit program's website
Princeton University - Master in Finance

Princeton University

Princeton, NJ 08544 Master in Finance
2
Total Score
97
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
Reviewed by Verified Member
  • Great university and program
  • Class of 2026
I’ll divide this review into two parts — the recruitment side (career services) and the academic environment. Recruitment Side: The career services team does a solid job. They bring a lot of companies to campus throughout the year, and even outside the MFin program... (more)
4.88 star(s) 8 reviews
Pending 8 Waitlisted 2 Accepted 71 Rejected 293
Tuition
$125,720
Enrollment
37 FT
Acceptance rate
7.7%
Undergrad GPA
Employment Rate
At Graduation
100%
After 3 months
100%
Employed in the US
Compensation
Base
$176,666
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
3
Total Score
95
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)
  • 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. This program helped me become technically ready for most quant jobs and taught me how to communicate effectively. Here are reasons I think... (more)
4.70 star(s) 54 reviews
Pending 5 Waitlisted 3 Accepted 415 Rejected 442
Tuition
$97,061
Enrollment
95 FT
Acceptance rate
20.0%
Undergrad GPA
Employment Rate
At Graduation
92%
After 3 months
97%
Employed in the US
Compensation
Base
$138,037
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
4
Total Score
91
Peer Score
3.9
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
Pending 3 Waitlisted 12 Accepted 244 Rejected 152
Tuition
$80,486
Enrollment
76 FT, 11 PT
Acceptance rate
20.8%
Undergrad GPA
Employment Rate
At Graduation
84%
After 3 months
96%
Employed in the US
Compensation
Base
$147,578
Avg total
Visit program's website
Columbia University - Masters in Financial Engineering

Columbia University

New York, NY 10027 Masters in Financial Engineering
5
Total Score
88
Peer Score
3.6
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
Pending 9 Waitlisted 8 Accepted 413 Rejected 497
Tuition
$88,632
Enrollment
106 FT
Acceptance rate
10.1%
Undergrad GPA
Employment Rate
At Graduation
66%
After 3 months
100%
Employed in the US
Compensation
Base
$130,461
Avg total
Visit program's website
University of Chicago - MS in Financial Mathematics

University of Chicago

Chicago, IL 60637 MS in Financial Mathematics
6
Total Score
85
Peer Score
3.6
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
Pending 3 Waitlisted 8 Accepted 453 Rejected 256
Tuition
$90,013
Enrollment
127 FT, 6 PT
Acceptance rate
28.5%
Undergrad GPA
Employment Rate
At Graduation
90%
After 3 months
98%
Employed in the US
Compensation
Base
$125,292
Avg total
Visit program's website
Cornell University - Master in Financial Engineering

Cornell University

Ithaca, NY 14850 Master in Financial Engineering
7
Total Score
83
Peer Score
3.4
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
Pending 3 Waitlisted 0 Accepted 333 Rejected 266
Tuition
$97,806
Enrollment
53 FT
Acceptance rate
19.4%
Undergrad GPA
Employment Rate
At Graduation
75%
After 3 months
95%
Employed in the US
Compensation
Base
$121,500
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
7
Total Score
83
Peer Score
3.7
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
  • Great for Theory, Demanding for Job Seekers
  • Class of 2025
The NYU Math in Finance program is highly selective and academically rigorous. The coursework is extremely theory-oriented — you’ll learn a lot of deep quantitative and mathematical finance concepts. However, it’s not a career-training program in the traditional sense... (more)
4.38 star(s) 13 reviews
Pending 2 Waitlisted 0 Accepted 213 Rejected 296
Tuition
$75,000
Enrollment
24 FT, 4 PT
Acceptance rate
14.4%
Undergrad GPA
Employment Rate
At Graduation
80%
After 3 months
97%
Employed in the US
Compensation
Base
$129,524
Avg total
Visit program's website
Columbia University - MA in Mathematics of Finance (MAFN)

Columbia University

New York, NY 10027 MA in Mathematics of Finance (MAFN)
9
Total Score
82
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
  • 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 the globe. Visiting professors are top-flight. Albert Shiryaev told stories of Kolmogorov. Derman, Karatzas, Protter, Smirnov, etc. are... (more)
4.65 star(s) 17 reviews
Pending 4 Waitlisted 0 Accepted 267 Rejected 187
Tuition
$94,850
Enrollment
105 FT, 3 PT
Acceptance rate
18.1%
Undergrad GPA
Employment Rate
At Graduation
76%
After 3 months
88%
Employed in the US
Compensation
Base
$107,347
Avg total
Visit program's website
Massachusetts Institute of Technology - Master of Finance

Massachusetts Institute of Technology

Cambridge, MA 02139 Master of Finance
9
Total Score
82
Peer Score
3.1
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
Pending 6 Waitlisted 2 Accepted 220 Rejected 395
Tuition
$121,009
Enrollment
127 FT
Acceptance rate
9.2%
Undergrad GPA
Employment Rate
At Graduation
82%
After 3 months
98%
Employed in the US
Compensation
Base
$121,873
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
11
Total Score
77
Peer Score
3.1
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
  • 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
Pending 4 Waitlisted 3 Accepted 338 Rejected 166
Tuition
$78,433
Enrollment
146 FT, 1 PT
Acceptance rate
29.0%
Undergrad GPA
Employment Rate
At Graduation
71%
After 3 months
91%
Employed in the US
Compensation
Base
$110,116
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
12
Total Score
76
Peer Score
2.9
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: Spring: Aug 1 (round 1), Oct 1 (round 2), Fall: Dec 5 (round 1), Mar 15 (round 2), May 1 (round 3)
Reviewed by Verified Member
  • 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 service to get an amazing offer from a hedge fund, but it's good enough for most people in this hard time. (more)
4.00 star(s) 12 reviews
Pending 8 Waitlisted 0 Accepted 237 Rejected 160
Tuition
$60,228
Enrollment
71 FT
Acceptance rate
38.9%
Undergrad GPA
Employment Rate
At Graduation
91%
After 3 months
97%
Employed in the US
Compensation
Base
$120,007
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
12
Total Score
76
Peer Score
2.6
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)
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
Pending 2 Waitlisted 0 Accepted 107 Rejected 23
Tuition
$63,023
Enrollment
33 FT
Acceptance rate
16.7%
Undergrad GPA
Employment Rate
At Graduation
89%
After 3 months
100%
Employed in the US
Compensation
Base
$111,882
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
12
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)
  • 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
Pending 2 Waitlisted 2 Accepted 185 Rejected 82
Tuition
$89,539
Enrollment
94 FT
Acceptance rate
35.5%
Undergrad GPA
Employment Rate
At Graduation
89%
After 3 months
94%
Employed in the US
Compensation
Base
$120,460
Avg total
Visit program's website
Johns Hopkins University - Financial Mathematics MSE

Johns Hopkins University

Baltimore, MD 21218 Financial Mathematics MSE
15
Total Score
66
Peer Score
2.4
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
Pending 2 Waitlisted 0 Accepted 67 Rejected 52
Tuition
$95,203
Enrollment
49 FT
Acceptance rate
35.5%
Undergrad GPA
Employment Rate
At Graduation
61%
After 3 months
100%
Employed in the US
Compensation
Base
$109,138
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
15
Total Score
66
Peer Score
2.8
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
Reviewed by Verified Member
  • Strong Academics, weak career support
  • Class of 2023
I cannot fully recommend this program, despite its strong academic foundation. While the school has a solid reputation and the professors are genuinely supportive and knowledgeable, there’s a significant gap when it comes to career services and job placement assistance... (more)
4.90 star(s) 41 reviews
Pending 2 Waitlisted 0 Accepted 94 Rejected 67
Tuition
$47,570
Enrollment
52 FT
Acceptance rate
51.0%
Undergrad GPA
Employment Rate
At Graduation
74%
After 3 months
100%
Employed in the US
Compensation
Base
$102,000
Avg total
Visit program's website
Rutgers University - Master of Quantitative Finance

Rutgers University

Newark, NJ 07102 Master of Quantitative Finance
17
Total Score
62
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)
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
Pending 1 Waitlisted 0 Accepted 126 Rejected 8
Tuition
$76,224
Enrollment
55 FT
Acceptance rate
52.4%
Undergrad GPA
Employment Rate
At Graduation
57%
After 3 months
89%
Employed in the US
Compensation
Base
$101,381
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
18
Total Score
58
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: Apr 15
Reviewed by Verified Member
  • 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 derivatives pricing(structure notes). If you are interested in quant development, you can also find a place here. The director is really... (more)
4.59 star(s) 39 reviews
Pending 0 Waitlisted 0 Accepted 138 Rejected 37
Tuition
$78,837
Enrollment
23 FT
Acceptance rate
61.5%
Undergrad GPA
Employment Rate
At Graduation
54%
After 3 months
92%
Employed in the US
Compensation
Base
$100,400
Avg total
Visit program's website
Stevens Institute of Technology - Master in Financial Engineering

Stevens Institute of Technology

Hoboken, NJ 07030 Master in Financial Engineering
19
Total Score
57
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)
  • 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 rigorous and rewarding. The curriculum has a strong balance of finance, programming, and applied analytics, which has allowed me to build a... (more)
4.51 star(s) 57 reviews
Pending 0 Waitlisted 0 Accepted 65 Rejected 2
Tuition
$54,332
Enrollment
16 FT, 4 PT
Acceptance rate
73.4%
Undergrad GPA
Employment Rate
At Graduation
45%
After 3 months
98%
Employed in the US
Compensation
Base
$103,800
Avg total
Visit program's website
University of Minnesota - Master of Financial Mathematics

University of Minnesota

Minneapolis, MN 55455 Master of Financial Mathematics
20
Total Score
55
Peer Score
2.2
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)
  • 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
Pending 0 Waitlisted 0 Accepted 28 Rejected 10
Tuition
$49,420
Enrollment
18 FT, 1 PT
Acceptance rate
86.4%
Undergrad GPA
Employment Rate
At Graduation
82%
After 3 months
91%
Employed in the US
Compensation
Base
$120,140
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
21
Total Score
49
Peer Score
2.7
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
Pending 3 Waitlisted 0 Accepted 231 Rejected 116
Tuition
$97,226
Enrollment
106 FT
Acceptance rate
62.7%
Undergrad GPA
Employment Rate
At Graduation
54%
After 3 months
78%
Employed in the US
Compensation
Base
$103,060
Avg total
Visit program's website
Fordham University - MS in Quantitative Finance

Fordham University

New York, NY 10023 MS in Quantitative Finance
21
Total Score
49
Peer Score
2.2
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)
Reviewed by Verified Member
  • Great professors & network
  • Class of 2025
Exceptional faculty with strong industry and academic backgrounds. You get exposure to a prestigious crowd. The professors also teach at other schools like Princeton Columbia and NYU so the level of teaching is on par with the best. (more)
5.00 star(s) 14 reviews
Pending 2 Waitlisted 0 Accepted 76 Rejected 14
Tuition
$89,309
Enrollment
23 FT
Acceptance rate
71.4%
Undergrad GPA
Employment Rate
At Graduation
46%
After 3 months
69%
Employed in the US
Compensation
Base
$99,240
Avg total
Visit program's website
University of California, San Diego - Master of Quantitative Finance

University of California, San Diego

La Jolla, CA 92093 Master of Quantitative Finance
21
Total Score
49
Peer Score
2.1
The UCSD Master in Finance (MFin) program is offered by the Rady School of Management. Application Deadline: Oct 15 (round 1), Dec 1 (round 2), Feb 1 (round 3), Jun 1 (round 4)
  • Python, Math, Stats, Finance, Great faculty
  • Class of 2026
Rigorous! yet great program that instantly throws you into the fire. Very heavy on statistical methods, probability theory, and if you choose the right electives you basically end up getting a data science degree with a focus on finance, economics, and financial... (more)
4.67 star(s) 3 reviews
Pending 1 Waitlisted 0 Accepted 6 Rejected 0
Tuition
$76,128
Enrollment
146 FT
Acceptance rate
37.2%
Undergrad GPA
Employment Rate
At Graduation
24%
After 3 months
57%
Employed in the US
Compensation
Base
$79,677
Avg total
Visit program's website
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