I posted this on another forum and got comments back about the ranking being crap simply because baruch was #5. What people fail to realize is that Baruch is a good school and well known in NYC. Also, many positions that quants would want or be hired into are directly available in NYC. When you are hiring a quant you care less about brand or Ivy League and more about actually knowing your stuff. When I think of the best engineering/math schools I think CMU, MIT, UCIC, CalTech, etc. Berkeley isn't one of them. Not saying it isn't a great school or a great program, but it was ranked just behind Baruch. It wasn't as if the ranking placed Berkeley 13th or something.
As far as I am concerned, if you really want to get technical, MIT and Princeton shouldn't really be on the list since they are not PURE MFE programs. Princeton is half MFE/ half MSF and MIT is more broad based. CMU, Baruch, NYU, etc are all pure MFE's.
Regardless, this ranking is a start and pretty even handed. People can disagree, but the level of venom is sad and pathetic. The name on your diploma means a lot less than your actual skills and abilities. Maybe some Berkeley grads are feeling bad because a "lesser" school grad out performs them.