MFE - 3 Terms, costs some $ more (10 courses, flexible and some really good Q/Engg courses), MAFN - 2 Terms (10 courses, 6 mandatory courses out of which some really good advanced math courses(None else has it- stat/mfe/msor), not easy to get into preferred electives in other departments) -I wish MAFN also has 3 terms with 2 more Q/Fin electives-can pay $12K extra.[only my suggestion]: About Job types-very good Ques especially at present !!. About Job Placement: MFE has separate placement coordinator, but don't know in detail; MAFN jobs - still hunting :-/ !!