2023 QuantNet Ranking of Best Financial Engineering Programs

The 2023 QuantNet MFE ranking is the most authoritative and comprehensive ranking of best Financial Engineering (MFE), Mathematical Finance programs in the continental USA.

The 2023 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 2023 QuantNet ranking is best positioned to help prospective applicants decide where to apply and enroll in these master quantitative programs.

2023 Rankings Methodology
Join a discussion on 2023 ranking. Last ranking (2022)
Rank Program Total score Peer assessment Employment Rate at Graduation Employment Rate 3-Months after Graduation Employment Rate 3-Months after Graduation (US only) Average starting base salary plus sign-on bonus (US only) Tuition Cohort Size
1 Baruch College, City University of New York
New York, NY
Financial Engineering
4.93 star(s) 27 ratings
100 4.2 100% 100% 88% $169,516 $42,395 (non-resident) $28,670 (resident) 22 FT, 3 PT
2 Princeton University
Princeton, NJ
Master in Finance
4.83 star(s) 6 ratings
97 3.9 100% 100% 75% $199,000 $114,820 (two-year program) 25 FT
3 University of California, Berkeley
Berkeley, CA
Financial Engineering
4.78 star(s) 23 ratings
93 4.0 88% 100% 87% $169,634 $78,142 78 FT, 7 PT
4 Carnegie Mellon University
Pittsburgh, PA/New York, NY
Computational Finance
4.62 star(s) 42 ratings
91 4.1 88% 96% 88% $132,291 $92,534 96 FT
5 Columbia University
New York, NY
Mathematics of Finance
4.00 star(s) 6 ratings
87 3.4 87% 100% 58% $136,121 $90,304 103 FT, 4PT
6 Massachusetts Institute of Technology
Cambridge, MA
Master of Finance
3.62 star(s) 21 ratings
86 3.2 90% 100% 61% $139,697 $117,044 123 FT
7 Cornell University
Ithaca, NY
MEng, FE concentration
4.71 star(s) 7 ratings
82 3.7 80% 100% 60% $130,200 $93,684 57 FT
7 New York University
New York, NY
Mathematics in Finance
4.64 star(s) 11 ratings
82 3.8 75% 100% 100% $110,931 $73,000 46 FT, 2 PT
9 Columbia University
New York, NY
Financial Engineering
4.25 star(s) 4 ratings
80 3.8 40% 65% 65% $118,781 $85,032 95 FT
9 NYU Tandon School of Engineering
Brooklyn, NY
Financial Engineering
3.48 star(s) 29 ratings
80 3.3 76% 94% 68% $117,150 $79,674 153 FT, 2 PT
9 University of California, Los Angeles
Los Angeles, CA
Financial Engineering
4.43 star(s) 42 ratings
80 3.5 95% 100% 92% $122,662 $85,276 88 FT
12 University of Chicago
Chicago, IL
Financial Mathematics
4.70 star(s) 33 ratings
79 3.4 91% 96% 85% $128,395 $88,183 91 FT, 10 PT
13 North Carolina State University
Raleigh, NC
Financial Mathematics
4.46 star(s) 26 ratings
78 2.7 85% 100% 100% $131,229 $61,359 (non-resident) $32,550 (resident) 33 FT
14 Georgia Institute of Technology
Atlanta, GA
Quantitative and Computational Finance
3.63 star(s) 8 ratings
72 3.1 91% 100% 100% $114,780 $60,228 (non-resident) $28,638 (resident) 50 FT, 1 PT
15 University of Washington
Seattle, WA
Computational Finance & Risk Management
4.95 star(s) 38 ratings
69 3.0 87% 100% 100% $91,945 $46,715 36 FT, 7 PT
16 Rutgers University
Newark, NJ
Quantitative Finance
4.00 star(s) 12 ratings
66 3.1 50% 91% 72% $100,442 $66,783 (non-resident) $43,382 (resident) 64 FT
17 Johns Hopkins University
Baltimore, MD
Financial Mathematics
4.57 star(s) 7 ratings
64 2.5 67% 100% 100% $101,569 $91,627 33 FT
18 Boston University
Boston, MA
Mathematical Finance
3.30 star(s) 10 ratings
61 3.2 44% 73% 53% $94,218 $93,483 89 FT
19 Stevens Institute of Technology
Hoboken, NJ
Financial Engineering
3.90 star(s) 20 ratings
55 2.4 60% 98% 98% $99,443 $51,966 28 FT, 5 PT
20 Fordham University
New York, NY
Quantitative Finance
5.00 star(s) 7 ratings
53 2.6 35% 65% 50% $101,607 $77,743 16 FT
NR Claremont Graduate University
Claremont, CA
Financial Engineering
3.50 star(s) 10 ratings
2.3 50% 75% 75% * $82,467 (non-resident), $80,310 (resident) 5 FT
NR Lehigh University
Bethlehem, PA
Financial Engineering
5.00 star(s) 16 ratings
2.5 100% 100% 100% * $45,300 13 FT, 1 PT
NR Oklahoma State University
Quantitative Finance
Stillwater, OK
2.4 n/a n/a n/a n/a $12,012 7 FT
NR Rutgers University
New Brunswick, NJ
Financial Statistics and Risk Management
5.00 star(s) 4 ratings
2.4 50% 100% 100% * $56,100 (non-resident) $33,850 (resident) 9 FT, 1 PT
NR Rutgers University
New Brunswick, NJ
Mathematical Finance
4.13 star(s) 8 ratings
3.0 25% 75% 63% * $65,077 (non-resident) $40,611 (resident) 9 FT
NR Stony Brook University
Stony Brook, NY
Quantitative Finance
2.5 n/a n/a n/a n/a $44,892 (non-resident) $26,501 (resident) 24 FT
NR University of Illinois
Urbana, IL
Financial Engineering
4.50 star(s) 38 ratings
2.8 47% 89% 32% * $78,483 (non-resident), $59,208 (resident) 27 FT
NR University of Minnesota
Minneapolis, MN
Financial Mathematics
4.67 star(s) 33 ratings
2.6 70% 90% 90% * $49,420 (non-resident), $39,480 (resident) 14 FT, 4 PT
NR University of North Carolina at Charlotte
Charlotte, NC
Mathematical Finance
4.60 star(s) 10 ratings
2.5 50% 73% 73% $103,000 $42,826 (non-resident) $21,608 (resident) 13 FT, 4 PT
NR: Programs that did not provide placement data or salary information meeting a minimum threshold were denoted as NR (not ranked).
* Not enough data available.
Employment rate 3-months after Graduation (US only): Percentage of graduates seeking employment who were employed in the US 3 months after graduation.
  • Published
    12/8/22
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