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2019 QuantNet Ranking of Best Financial Engineering Programs

The 2019 QuantNet MFE ranking is the most authoritative and comprehensive ranking of best Financial Engineering (MFE), Mathematical Finance programs in the continental USA.

The 2019 QuantNet ranking of Financial Engineering, Quantitative Finance masters programs in the US provides detailed information on placement and admission statistics from top programs the region, making it uniquely valuable to the quant finance community at large.

The 2019 QuantNet rankings are best positioned to help prospective applicants decide where to apply and enroll in those master quantitative programs.

2019 Rankings Methodology
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Rank Program Total score Peer assessment Employment rate at graduation Employment rate three months after graduation Average starting base salary (excluding bonus) Average GRE Quant of admitted FT students Tuition Class Size
1 Princeton University
Master in Finance
Princeton, NJ
100 3.9 100% 100% $120,000 169 $102,500 (2 years) 25FT
2 Baruch College, City University of New York
Financial Engineering
New York, NY
99 4.0 97% 97% $109,339 169.5 $42,395 (non-resident), $28,670 (resident) 35FT, 5PT
2 University of California, Berkeley
Financial Engineering
Berkeley, CA
99 4.2 80% 94% $118,322 168 $70,796 79FT
4 Carnegie Mellon University
Computational Finance
Pittsburgh, PA
98 4.4 71% 90% $106,222 169 $86,339 97FT
4 Columbia University
Financial Engineering
New York, NY
98 3.9 83% 100% $104,656 169.3 $72,648 120FT
4 New York University
Mathematics in Finance
New York, NY
98 4.0 86% 100% $99,000 169 $72,000 39FT, 13PT
7 Cornell University
MEng, FE concentration
Ithaca, NY
90 3.7 68% 87% $93,000 168 $78,000 56FT
8 Columbia University
Mathematics of Finance
New York, NY
85 3.6 37% 86% $95,217 169.2 $72,505 106FT, 5PT
9 Massachusetts Institute of Technology
Master of Finance
Cambridge, MA
84 3.6 68% 75% $78,098 167.7 $78,312 (12 months), $105,968 (18 months) 111FT
9 NYU Tandon School of Engineering
Financial Engineering
Brooklyn, NY
84 3.4 75% 87% $91,000 169.1 $63,403 110FT
11 University of California, Los Angeles
Financial Engineering
Los Angeles, CA
82 2.3 46% 85% $99,200 168 $75,816 84FT
11 University of Chicago
Financial Mathematics
Chicago, IL
82 3.3 71% 86% $84,529 168 $79,412 or $85,985 based on placement 82FT, 7PT
13 Georgia Institute of Technology
Quantitative and Computational Finance
Atlanta, GA
81 2.9 71% 93% $88,160 168.4 $61,135 (non-resident), $29,989 (resident) 53FT, 1PT
14 Boston University
Mathematical Finance
Boston, MA
79 3.0 66% 97% $81,878 169 $79,224 118FT
15 Fordham University
Quantitative Finance
New York, NY
78 2.4 75% 90% $96,970 168 $60,000 64FT
16 North Carolina State University
Financial Mathematics
Raleigh, NC
76 2.3 86% 100% $84,893 168.3 $56,974 (non-resident), $32,112 (resident) 21FT
16 University of Washington
Computational Finance & Risk Management
Seattle, WA
76 3.0 36% 100% $84,000 165 $40,950 (42 credits), $52,650 (54 credits) 24FT, 22PT
18 Rutgers University
Quantitative Finance
Newark, NJ
75 2.7 59% 93% $85,800 168 $61,532 (non-resident), $40,383 (resident) 52FT
19 Illinois Institute of Technology
Mathematical Finance
Chicago, IL
72 2.5 50% 94% $91,000 167.3 $59,376 10FT
20 Rutgers University
Mathematical Finance
New Brunswick, NJ
70 2.8 61% 89% $72,291 167.2 $57,100 (non-resident), $33,262 (resident) 44FT, 1PT
21 Johns Hopkins University
Financial Mathematics
Baltimore, MD
69 2.6 23% 65% $87,450 168.1 $80,610 46FT
22 University of Illinois
Financial Engineering
Urbana, IL
67 2.6 32% 67% $87,500 167 $74,500 68FT
23 University of Minnesota
Financial Mathematics
Minneapolis, MN
66 2.8 58% 71% $75,000 165.2 $40,224 (non-resident), $32,128 (resident) 27FT, 3PT
24 Stevens Institute of Technology
Financial Engineering
Hoboken, NJ
62 2.2 32% 79% $74,211 166 $47,270 47FT, 7PT
25 Rensselaer Polytechnic Institute
Quantitative Finance and Risk Analytics
Troy, NY
60 2.1 32% 50% $89,500 167 $55,440 70FT
26 University of North Carolina at Charlotte
Mathematical Finance
Charlotte, NC
48 2.3 19% 29% $64,149 163 $40,505 (non-resident), $20,354 (resident) 33FT, 8PT
27 Claremont Graduate University
Financial Engineering
Claremont, CA
38 2.2 11% 11% $62,333 162 $77,600 14FT
NR Hofstra University
Quantitative Finance
Hempstead, NY
n/a 1.9 13% 13% n/a 160 $45,375 15FT, 1PT
NR Florida State University
Financial Mathematics
Tallahassee, FL
n/a 2.6 43% 43% n/a 163 $22,214 13FT, 1PT
NR Stony Brook University
Quantitative Finance
Stony Brook, NY
n/a 2.3 24% 53% n/a 167 $41,084 10FT, 2PT
NR University of Connecticut
Applied Financial Mathematics
Storrs, CT
n/a 2.4 n/a n/a n/a 167 $57,183 21FT
NR University of Dayton
Financial Mathematics
Dayton, OH
n/a 1.8 n/a n/a n/a n/a $32,715 4FT
NR Worcester Polytechnic Institute
Mathematical Sciences
Worcester, MA
n/a 2.2 93% 100% n/a n/a $45,000 5FT
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