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2020 QuantNet Rankings of Financial Engineering (MFE) Programs

Andy Nguyen

Member

We are pleased to announce the release of our QuantNet 2020 Rankings of Financial Engineering programs, to be available online at 9AM EST on Dec 16th.
Please turn on push notification and like this first post so you can instantly get notified when the rankings is live. You can enable the push notification feature on any mobile device or computer.
 

Chilbal

Member
why is there a discrepancy between Georgia tech's salary stats on their site vs quantnet rankings.
 

ApolloChariot

Active Member
The thing I always pay attention to the most is the placement rates at graduation and at 3 months after graduation. One thing I would also try to look for, in making a decision on where to attend, is the statistics for the number of students, in addition to the percentages.

Since these are self reported figures, the methodology may be significantly different. A placement rate of 80%+ means little if the percentage is based on surveys returned by only roughly half of the graduating class.
 
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Andy Nguyen

Member
Since these are self reported figures, the methodology may be significantly different. A placement rate of 80%+ means little if the percentage is based on surveys returned by only roughly half of the graduating class.
Good point. The rate is reported by QuantNet from raw data provided by the programs (size of graduating class, number of students with jobs at graduation and 3 months later). We have done that since the last few rankings.
 

ApolloChariot

Active Member
Good point. The rate is reported by QuantNet from raw data provided by the programs (size of graduating class, number of students with jobs at graduation and 3 months later). We have done that since the last few rankings.
That's good to hear, far more reliable than the programs reporting just a percentage.

How do you calculate the placement percentage if the school only receives survey responses from say, 70% of the graduating class?
 

Andy Nguyen

Member
How do you calculate the placement percentage if the school only receives survey responses from say, 70% of the graduating class?
Without going into details (I will kill you if I tell you sort of thing), suffice to say that we have some minimum threshold and safeguards in place to make sure our rankings represent the most comprehensive comparison between programs that the prospective students can rely on. It will never be perfect but there isn't a single ranking of MFE in the world that is better than the QuantNet ranking.
I personally feel pretty good about how better the rankings have become each year.
 

Bruce_Hu

New Member
C++ Student
Wow, high authority and objectivity, I really appreciate that QuantNet can do this ranking every year!
 

Simon.ZY

Member
Personally, I feel like there might be some geographic bias in the average salary and bonus component. As we know NY jobs probably pays more than non-NY jobs, the program that have more graduates going to work in NY will have advantages in this component. For example, 120K in NY is approximately equal to 90K in Chicago in terms of living expenses and life quality, such as rent, food and other daily expenses. This might or might not be truely reflecting the quality of life program graduates are having after earning a degree.
Consider standarding this bias by scaling the average salary with purchasing power parity conversion factor provided by the World Bank
 
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MRoss

Well-Known Member
For example, 120K in NY is approximately equal to 90K in Chicago in terms of living expenses and life quality, such as rent, food and other daily expenses.
Things can get completely out of control if you start playing this game. Just using raw numbers is the most understandable and fair.
 

Chilbal

Member
Screen Shot 2019-12-17 at 10.40.18 AM.png


How is it that official stats are so different from what quantnet is reporting, I have seen this discrepancy last year also.
Can anyone explain why is this the case? quantnet reported 98k as avg total salary vs 115k stated here
 

ApolloChariot

Active Member
View attachment 32864

How is it that official stats are so different from what quantnet is reporting, I have seen this discrepancy last year also.
Can anyone explain why is this the case? quantnet reported 98k as avg total salary vs 115k stated here
Bigger discrepancy is the placement rate at graduation. 76 vs 62 is pretty stark.

I would be skeptical of placement rates given lacking the actual number of employed students vs employment seeking students vs graduating class.
 
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