List of quantitative finance master programs with scholarships

Andy Nguyen · 10/13/24

If you're applying to quantitative master’s programs in the US, here's an exclusive list of programs that offer scholarships along with their award amounts. This list is based on the Tracker data. Don't miss out on this valuable resource!

Carnegie Mellon University - MS in Computational Finance ($15K-30K)
University of Chicago - MS in Financial Mathematics (up to 70% of tuition, range $20K-55K)
Cornell University - Master in Financial Engineering (range $7.5K-20K)
University of California, Berkeley - Master of Financial Engineering ($20K)
Princeton University - Master in Finance MFin ($15K)
Yale University - Master in Asset Management ($10K-25K)
Massachusetts Institute of Technology - Master of Finance MFin ($10-30K)
Fordham University - MS in Quantitative Finance MQF ($15K-30K)
Rutgers University - Master of Quantitative Finance ($10-12K)
NYU Tandon School of Engineering - MS in Financial Engineering MFE (up to $11K/year)
New York University - MS in Mathematics in Finance (up to 25% tuition)
Stevens Institute of Technology - MS in Financial Engineering MFE ($10K-18K)
Boston University - MS in Mathematical Finance and Financial Technology MFFT ($12-45K)
University of California, Los Angeles - Master of Financial Engineering ($8K-25K)
North Carolina State University - Master in Financial Mathematics ($5K)
University of Illinois Urbana Champaign - Master of Financial Engineering ($18K)
Lehigh University - MS in Financial Engineering ($17.5K)

fatcatking · 10/13/24

Andy Nguyen said:
If you're applying to quantitative master’s programs in the US, here's an exclusive list of programs that offer scholarships along with their award amounts. This list is based on the Tracker data. Don't miss out on this valuable resource!

Carnegie Mellon University - MS in Computational Finance ($15K-30K)

University of Chicago - MS in Financial Mathematics (up to 70% of tuition, range $20K-55K)

Cornell University - Master in Financial Engineering (range $7.5K-20K)

University of California, Berkeley - Master of Financial Engineering ($20K)

Princeton University - Master in Finance MFin ($15K)

Yale University - Master in Asset Management ($10K-25K)

Massachusetts Institute of Technology - Master of Finance MFin ($10-30K)

Fordham University - MS in Quantitative Finance MQF ($15K-30K)

Rutgers University - Master of Quantitative Finance ($10-12K)

NYU Tandon School of Engineering - MS in Financial Engineering MFE (up to $11K/year)

New York University - MS in Mathematics in Finance (up to 25% tuition)

Stevens Institute of Technology - MS in Financial Engineering MFE ($10K-18K)

Boston University - MS in Mathematical Finance and Financial Technology MFFT ($12-45K)

University of California, Los Angeles - Master of Financial Engineering ($8K-25K)

North Carolina State University - Master in Financial Mathematics ($5K)

I’ve heard that CMU only gives out scholarships to U.S students. Is this true?

Andy Nguyen · 10/13/24

fatcatking said:
I’ve heard that CMU only gives out scholarships to U.S students. Is this true?

Not true. They give scholarships to 25% of every cohort based on merits.
US students are eligible for other public and private scholarships.

chandler_wwww · 10/16/24

Amazing! Honestly, I've been curious for a long time whether anyone has compiled information about scholarships for all the financial engineering master's programs in the U.S., and today I finally found it here.

Thanks so much, Andy!

It's especially helpful for students like me, who come from less affluent families

and can't easily access information due to China's internet restrictions.

Andy Nguyen · 10/17/24

Glad you find the information helpful. I realize we are the only publication that collects and shares this kind of niche data.
I post this type of info on LinkedIn for the wider audience so people can follow me on LinkedIn to get posts like this.
For members here, they will have access to more of this kind of deep-dive info.

Andy Nguyen · 12/20/24

Updating this to add more programs that I found providing scholarship through the submission on our Tracker.

siddh · 5/22/25

@Andy Nguyen Hey Andy, I am hoping you are well. I am reaching out to you to know if you were aware of any MS in Stats program rankings that I could solicit in tandem to my pursuit for a Master's program in FE or QF. I would love to know from your decade+ of experience in this industry over how firms see these two specialisations any differently.
Thanking you!

Andy Nguyen · 6/3/25

siddh said:
@Andy Nguyen Hey Andy, I am hoping you are well. I am reaching out to you to know if you were aware of any MS in Stats program rankings that I could solicit in tandem to my pursuit for a Master's program in FE or QF. I would love to know from your decade+ of experience in this industry over how firms see these two specialisations any differently.
Thanking you!

US News did a ranking for best stats programs in 2022 but looks like they stopped doing it.

https://www.usnews.com/best-graduate-schools/top-science-schools/statistics-rankings

It's not whether you did MFE or Stats, it's how you get in the door. Job descriptions often list MFE/Math/Stats/CS among other STEM disciplines as requirement for quant jobs.
It's career services and alumni network that make the difference. Otherwise, you are just one of the tens of thousands STEM grads applying to the same pool of jobs.

siddh · 6/11/25

Andy Nguyen said:
US News did a ranking for best stats programs in 2022 but looks like they stopped doing it.

https://www.usnews.com/best-graduate-schools/top-science-schools/statistics-rankings
It's not whether you did MFE or Stats, it's how you get in the door. Job descriptions often list MFE/Math/Stats/CS among other STEM disciplines as requirement for quant jobs.
It's career services and alumni network that make the difference. Otherwise, you are just one of the tens of thousands STEM grads applying to the same pool of jobs.

Appreciate you for sharing this link. Thanks again for your continuous passion for sharing the best for all of us!