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.

The 2024 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 2024 QuantNet ranking is best positioned to help prospective applicants decide where to apply and enroll in these master quantitative programs.

2024 Rankings Methodology
Join a discussion on 2024 ranking. Last ranking (2023)
Baruch College Master in Financial Engineering program

Baruch College

New York, NY 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.
4.93 star(s) 28 reviews
Tuition
$42,395
Enrollment
24 FT, 4 PT
Employment Rate
At Graduation
100%
3 months
100%
3 months (US only)
80%
Salary
Average salary*
$220,500
Princeton University Master in Finance program

Princeton University

Princeton, NJ Master in Finance
2
Total Score
97
Peer Score
4.0
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
Tuition
$125,720
Enrollment
37 FT
Employment Rate
At Graduation
100%
3 months
100%
3 months (US only)
76%
Salary
Average salary*
$240,611
Carnegie Mellon University Master of Science in Computational Finance (MSCF) program

Carnegie Mellon University

Pittsburgh, PA/New York, NY 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 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.
4.64 star(s) 45 reviews
Tuition
$97,061
Enrollment
95 FT
Employment Rate
At Graduation
92%
3 months
97%
3 months (US only)
97%
Salary
Average salary*
$160,336
UC Berkeley Master of Financial Engineering Program

University of California, Berkeley

Berkeley, CA 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.
4.79 star(s) 24 reviews
Tuition
$80,486
Enrollment
76 FT, 11 PT
Employment Rate
At Graduation
84%
3 months
96%
3 months (US only)
86%
Salary
Average salary*
$173,758
Columbia University Financial Engineering program

Columbia University

New York, NY 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.
3.50 star(s) 8 reviews
Tuition
$88,632
Enrollment
106 FT
Employment Rate
At Graduation
63%
3 months
100%
3 months (US only)
98%
Salary
Average salary*
$154,175
University of Chicago - Master of Science in Financial Mathematics

University of Chicago

Chicago, IL 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.
4.74 star(s) 39 reviews
Tuition
$90,013
Enrollment
127 FT, 6 PT
Employment Rate
At Graduation
90%
3 months
98%
3 months (US only)
81%
Salary
Average salary*
$143,216
Cornell University Financial Engineering program

Cornell University

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.
4.71 star(s) 7 reviews
Tuition
$97,806
Enrollment
53 FT
Employment Rate
At Graduation
75%
3 months
95%
3 months (US only)
81%
Salary
Average salary*
$144,433
NYU Courant - Mathematics in Finance Master's Program

New York University

New York, NY 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.
4.64 star(s) 11 reviews
Tuition
$75,000
Enrollment
24 FT, 4 PT
Employment Rate
At Graduation
80%
3 months
97%
3 months (US only)
97%
Salary
Average salary*
$142,252
Columbia University Mathematics of Finance

Columbia University

New York, NY Mathematics of Finance
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.
4.00 star(s) 6 reviews
Tuition
$94,850
Enrollment
105 FT, 3 PT
Employment Rate
At Graduation
76%
3 months
88%
3 months (US only)
55%
Salary
Average salary*
$123,894
MIT Master of Finance MFin program

Massachusetts Institute of Technology

Cambridge, MA 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.
3.77 star(s) 26 reviews
Tuition
$121,009
Enrollment
127 FT
Employment Rate
At Graduation
82%
3 months
98%
3 months (US only)
53%
Salary
Average salary*
$140,123
NYU Tandon School of Engineering - MS in Financial Engineering

NYU Tandon School of Engineering

Brooklyn, NY 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 May each year.
3.48 star(s) 29 reviews
Tuition
$78,433
Enrollment
146 FT, 1 PT
Employment Rate
At Graduation
71%
3 months
91%
3 months (US only)
78%
Salary
Average salary*
$114,967
Georgia Institute of Technology Quantitative and Computational Finance (QCF) program

Georgia Institute of Technology

12
Total Score
76
Peer Score
2.9
The Master of Science in Quantitative and Computational Finance (QCF) program is an interdisciplinary educatiobetween the Scheller College of Business, H. Milton Steward School of Industrial & Systems Engineering and School of Mathematics.
3.78 star(s) 9 reviews
Tuition
$60,228
Enrollment
71 FT
Employment Rate
At Graduation
91%
3 months
97%
3 months (US only)
97%
Salary
Average salary*
$131,490
North Carolina State University Financial Mathematics program

North Carolina State University

Raleigh, NC Financial Mathematics
12
Total Score
76
Peer Score
2.6
North Carolina State University (NCSU) offers a three-semester Financial Mathematics program through its Department of Mathematics.
4.46 star(s) 26 reviews
Tuition
$63,023
Enrollment
33 FT
Employment Rate
At Graduation
89%
3 months
100%
3 months (US only)
100%
Salary
Average salary*
$116,882
UCLA Anderson Master of Financial Engineering (MFE) Program

University of California, Los Angeles

Los Angeles, CA 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 one-year, full-time program starting each fall.
4.43 star(s) 42 reviews
Tuition
$89,539
Enrollment
94 FT
Employment Rate
At Graduation
89%
3 months
94%
3 months (US only)
79%
Salary
Average salary*
$125,727
Johns Hopkins University Financial Mathematics program

Johns Hopkins University

Baltimore, MD Financial Mathematics
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.
4.57 star(s) 7 reviews
Tuition
$95,203
Enrollment
49 FT
Employment Rate
At Graduation
61%
3 months
100%
3 months (US only)
78%
Salary
Average salary*
$110,874
University of Washington Computational Finance & Risk Management

University of Washington

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.
4.95 star(s) 38 reviews
Tuition
$47,570
Enrollment
52 FT
Employment Rate
At Graduation
74%
3 months
100%
3 months (US only)
62%
Salary
Average salary*
$105,261
Rutgers University Quantitative Finance program

Rutgers University

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.
4.08 star(s) 13 reviews
Tuition
$76,224
Enrollment
55 FT
Employment Rate
At Graduation
57%
3 months
89%
3 months (US only)
64%
Salary
Average salary*
$106,520
University of Illinois Financial Engineering program

University of Illinois Urbana-Champaign

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.
4.50 star(s) 38 reviews
Tuition
$78,837
Enrollment
27 FT
Employment Rate
At Graduation
54%
3 months
92%
3 months (US only)
92%
Salary
Average salary*
$106,150
Stevens Institute of Technology Financial Engineering program

Stevens Institute of Technology

Hoboken, NJ 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.
4.29 star(s) 31 reviews
Tuition
$54,332
Enrollment
16 FT, 4 PT
Employment Rate
At Graduation
45%
3 months
98%
3 months (US only)
98%
Salary
Average salary*
$114,483
University of Minnesota Financial Mathematics program

University of Minnesota

Minneapolis, MN 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.
4.71 star(s) 41 reviews
Tuition
$49,420
Enrollment
18 FT, 1 PT
Employment Rate
At Graduation
82%
3 months
91%
3 months (US only)
91%
Salary
Average salary*
$122,040
Boston University Mathematical Finance program

Boston University

21
Total Score
49
Peer Score
2.7
The three-semester program is offered by Boston University's Questrom School of Business.
3.30 star(s) 10 reviews
Tuition
$97,226
Enrollment
106 FT
Employment Rate
At Graduation
54%
3 months
78%
3 months (US only)
78%
Salary
Average salary*
$109,098
Fordham University Quantitative Finance program

Fordham University

New York, NY 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.
5.00 star(s) 7 reviews
Tuition
$89,309
Enrollment
23 FT
Employment Rate
At Graduation
46%
3 months
69%
3 months (US only)
65%
Salary
Average salary*
$103,640
UC San Diego Master in Finance program

University of California, San Diego

San Diego, CA Master in Finance
21
Total Score
49
Peer Score
2.1
The UCSD Master in Finance (MFin) program is offered by the Rady School of Management.
0.00 star(s) 0 reviews
Tuition
$76,128
Enrollment
146 FT
Employment Rate
At Graduation
24%
3 months
57%
3 months (US only)
33%
Salary
Average salary*
$81,935

*Base + sign on bonus (US only)
Eligible STEM degree as designated by DHS for the 24 months OPT extension purpose.

  • Published
    12/12/23
  • Page views
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