in term of placement, curriculum and job-finding...
UIUC MFE first group of students have not graduated yet. We have one current student there posting on our site and blogging for us.
Rutgers MSMF on the other hand has been around for years. Even though, Rutgers introduced a third master program this year (FSRM), the MSMF program should have built enough resource to give you some decent chance of competing.
And they are at two different location. If you like to work in Chicago, then your best bet is UIUC which you will have to compete with U of Chicago MSFM, IIT graduates.
If you target the NYC area, then you will have to compete with other Rutgers graduates, Baruch MFE, Columbia's 3 programs, NYU MSFM, CMU MSCF, Fordham.
You basically compete with every graduate in this country for a job on Wall Street. It doesn't get any tougher here. And being in NYC gives you an advantage. You can't angle for a job by spending most of your time a timezone away.