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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.

2021 Rankings Methodology
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
Eligible STEM degree as designated by DHS for the OPT purpose.
* Programs that did not provide placement data or salary information meeting a minimum threshold were denoted as NR (not ranked).
  • Published
    11/18/20
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