2020 QuantNet Ranking of Best Financial Engineering Programs

The 2020 QuantNet MFE ranking is the most authoritative and comprehensive ranking of best Financial Engineering (MFE), Mathematical Finance programs in the continental USA.

The QuantNet ranking of Financial Engineering, Mathematical, and Quantitative Finance master's programs in the US offers detailed insights into placement and admission statistics from the nation's top programs. It serves as the ultimate guide for prospective applicants, helping them choose and enroll in the best master’s programs in quantitative finance.

Princeton University - Master in Finance

Princeton University

Princeton, NJ 08544 Master in Finance
1
Total Score
100
Peer Score
4.0
The Princeton University's Master in Finance (MFin) program is offered by the Bendheim Center for Finance (BCF), an interdisciplinary center at Princeton University. This two-year program starts in the Fall semester.
4.86 star(s) 7 reviews
Pending 12 Waitlisted 2 Accepted 70 Rejected 288
Tuition
$107,540
Enrollment
29 FT
Acceptance rate
7.1%
Undergrad GPA
Employment Rate
At Graduation
100%
After 3 months
100%
Compensation
Base
$127,000
Avg total
Visit program's website
Baruch College - Master in Financial Engineering

Baruch College

New York, NY 10010 Master in Financial Engineering
2
Total Score
99
Peer Score
4.0
The Baruch College's Master of Financial Engineering (MFE) program is offered by the Math Department under the Weissman School of Arts and Sciences. This three-semester program starts in the Fall semester.
4.93 star(s) 30 reviews
Pending 27 Waitlisted 0 Accepted 230 Rejected 380
Tuition
$42,395
Enrollment
29 FT, 1 PT
Acceptance rate
8.7%
Undergrad GPA
Employment Rate
At Graduation
87%
After 3 months
95%
Compensation
Base
$111,281
Avg total
Visit program's website
Carnegie Mellon University - MS in Computational Finance

Carnegie Mellon University

New York, NY 10005 | Pittsburgh, PA 15213 MS in Computational Finance
3
Total Score
98
Peer Score
4.4
The Carnegie Mellon University's Master of Science in Computational Finance (MSCF) is a 16-month financial engineering degree developed through the joint venture of four Carnegie Mellon colleges - Department of Mathematical Sciences, Department of Statistics and Data Science, Heinz College of Information Systems and Public Policy and the Tepper School of Business.
4.70 star(s) 54 reviews
Pending 14 Waitlisted 3 Accepted 414 Rejected 434
Tuition
$86,820
Enrollment
98 FT
Acceptance rate
20.2%
Undergrad GPA
Employment Rate
At Graduation
78%
After 3 months
93%
Compensation
Base
$103,890
Avg total
Visit program's website
Columbia University - Masters in Financial Engineering

Columbia University

New York, NY 10027 Masters in Financial Engineering
3
Total Score
98
Peer Score
3.8
Launched in 2002, Columbia University's Master in Financial Engineering (MFE) program is offered by the Industrial Engineering and Operations Research Department under The Fu Foundation School of Engineering and Applied Science. This one-year, full-time program, starts in the fall semester.
3.31 star(s) 16 reviews
Pending 22 Waitlisted 8 Accepted 409 Rejected 486
Tuition
$75,744
Enrollment
94 FT
Acceptance rate
10.7%
Undergrad GPA
Employment Rate
At Graduation
93%
After 3 months
100%
Compensation
Base
$107,852
Avg total
Visit program's website
University of California, Berkeley - Master of Financial Engineering

University of California, Berkeley

Berkeley, CA 94720 Master of Financial Engineering
5
Total Score
94
Peer Score
4.0
The UC Berkeley Master of Financial Engineering (MFE) program is offered by the Berkeley Haas School of Business. Established in 2000, this one-year program commences each spring.
4.14 star(s) 42 reviews
Pending 2 Waitlisted 13 Accepted 242 Rejected 151
Tuition
$72,970
Enrollment
93 FT
Acceptance rate
21.1%
Undergrad GPA
Employment Rate
At Graduation
82%
After 3 months
88%
Compensation
Base
$121,991
Avg total
Visit program's website
New York University - MS in Mathematics in Finance

New York University

New York, NY 10012 MS in Mathematics in Finance
6
Total Score
93
Peer Score
3.8
The New York University's MS in Mathematics in Finance program is offered by NYU’s Courant Institute of Mathematical Sciences. This three-semester program starts in the Fall semester.
4.64 star(s) 11 reviews
Pending 3 Waitlisted 0 Accepted 213 Rejected 294
Tuition
$73,000
Enrollment
46 FT, 3 PT
Acceptance rate
17.0%
Undergrad GPA
Employment Rate
At Graduation
60%
After 3 months
91%
Compensation
Base
$115,000
Visit program's website
Cornell University - Master in Financial Engineering

Cornell University

Ithaca, NY 14850 Master in Financial Engineering
7
Total Score
92
Peer Score
3.6
The Cornell University's Master in Financial Engineering program is offered by School of Operations Research and Information Engineering (ORIE) under Cornell Engineering. Established in 2006, this three-semester program starts in the Fall semester in Ithaca, upstate NY with the last semester in New York City.
4.44 star(s) 9 reviews
Pending 5 Waitlisted 0 Accepted 332 Rejected 264
Tuition
$84,825
Enrollment
78 FT
Acceptance rate
22.9%
Undergrad GPA
Employment Rate
At Graduation
76%
After 3 months
89%
Compensation
Base
$110,922
Avg total
Visit program's website
Columbia University - MA in Mathematics of Finance

Columbia University

New York, NY 10027 MA in Mathematics of Finance
8
Total Score
91
Peer Score
3.5
The Master of Arts in Mathematical Finance (MAFN) program is offered jointly by the Department of Mathematics and Department of Statistics at Columbia University. The program can be completed in two or three semesters for full-time students.
4.65 star(s) 17 reviews
Pending 8 Waitlisted 0 Accepted 264 Rejected 185
Tuition
$79,450
Enrollment
106 FT, 5 PT
Acceptance rate
25.5%
Undergrad GPA
Employment Rate
At Graduation
67%
After 3 months
94%
Compensation
Base
$107,028
Avg total
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NYU Tandon School of Engineering - MS in Financial Engineering

NYU Tandon School of Engineering

Brooklyn, NY 11201 MS in Financial Engineering
9
Total Score
87
Peer Score
3.3
The Master of Science in Financial Engieering (MSFE) program is offered by the Financial Risk Engineering (FRE) department of NYU Tandon School of Engineering. This 4-semester program starts in mid-August with the Pre-program bootcamp prior to the Fall semester.
3.47 star(s) 32 reviews
Pending 2 Waitlisted 3 Accepted 338 Rejected 166
Tuition
$70,000
Enrollment
157 FT
Acceptance rate
28.2%
Undergrad GPA
Employment Rate
At Graduation
73%
After 3 months
86%
Compensation
Base
$91,434
Avg total
Visit program's website
Massachusetts Institute of Technology - Master of Finance

Massachusetts Institute of Technology

Cambridge, MA 02139 Master of Finance
10
Total Score
83
Peer Score
3.5
Established in 2008, the MIT Master in Finance (MFin) program is a 18-month, full-time program starting in the summer, offered by the Sloan School of Management.
3.77 star(s) 26 reviews
Pending 6 Waitlisted 2 Accepted 219 Rejected 394
Tuition
$111,275
Enrollment
116 FT
Acceptance rate
11.2%
Undergrad GPA
Employment Rate
At Graduation
73%
After 3 months
94%
Compensation
Base
$88,537
Avg total
Visit program's website
Georgia Institute of Technology - MS in Quantitative and Computational Finance

Georgia Institute of Technology

Atlanta, GA 30332 MS in Quantitative and Computational Finance
11
Total Score
81
Peer Score
3.0
The Master of Science in Quantitative and Computational Finance (QCF) program is an interdisciplinary education between the Scheller College of Business, H. Milton Steward School of Industrial & Systems Engineering and School of Mathematics.
4.00 star(s) 12 reviews
Pending 12 Waitlisted 2 Accepted 234 Rejected 156
Tuition
$57,969
Enrollment
46 FT
Acceptance rate
20.6%
Undergrad GPA
Employment Rate
At Graduation
62%
After 3 months
100%
Compensation
Base
$93,105
Avg total
Visit program's website
University of Chicago - MS in Financial Mathematics

University of Chicago

Chicago, IL 60637 MS in Financial Mathematics
12
Total Score
80
Peer Score
3.3
The University of Chicago's Master in Financial Mathematics (MSFM) program is offered by the Department of Mathematics under the Physical Sciences Division. Launched in 1996, this three-semester program starts each Fall semester.
4.71 star(s) 52 reviews
Pending 4 Waitlisted 8 Accepted 452 Rejected 255
Tuition
$84,625
Enrollment
75 FT, 7 PT
Acceptance rate
22.2%
Undergrad GPA
Employment Rate
At Graduation
74%
After 3 months
93%
Compensation
Base
$92,000
Avg total
Visit program's website
North Carolina State University - Master in Financial Mathematics

North Carolina State University

Raleigh, NC 27695 Master in Financial Mathematics
13
Total Score
76
Peer Score
2.2
North Carolina State University (NCSU) offers a three-semester Financial Mathematics program through its Department of Mathematics.
4.48 star(s) 27 reviews
Pending 3 Waitlisted 0 Accepted 106 Rejected 23
Tuition
$58,497
Enrollment
17 FT, 1 PT
Acceptance rate
18.2%
Undergrad GPA
Employment Rate
At Graduation
72%
After 3 months
100%
Compensation
Base
$92,375
Avg total
Visit program's website
University of California, Los Angeles - Master of Financial Engineering

University of California, Los Angeles

Los Angeles, CA 90095 Master of Financial Engineering
13
Total Score
76
Peer Score
3.4
Launched in 2009, the UCLA Master of Financial Engineering (MFE) program at the Anderson School of Management is a comprehensive 15-months, quarter-based full-time program starting each fall.
4.31 star(s) 45 reviews
Pending 3 Waitlisted 1 Accepted 185 Rejected 82
Tuition
$78,470
Enrollment
75 FT
Acceptance rate
22.4%
Undergrad GPA
Employment Rate
At Graduation
54%
After 3 months
69%
Compensation
Base
$97,000
Avg total
Visit program's website
Rutgers University - Master of Quantitative Finance

Rutgers University

Newark, NJ 07102 Master of Quantitative Finance
15
Total Score
74
Peer Score
2.7
The Rutgers Master of Quantitative Finance (MQF) program was founded in 2001 and is housed in Rutgers Business School. The program is three-semester and starts in fall semester.
4.08 star(s) 13 reviews
Pending 1 Waitlisted 0 Accepted 126 Rejected 8
Tuition
$70,251
Enrollment
68 FT
Acceptance rate
49.0%
Undergrad GPA
Employment Rate
At Graduation
48%
After 3 months
96%
Compensation
Base
$88,300
Avg total
Visit program's website
University of Washington - MS Computational Finance & Risk Management

University of Washington

Seattle, WA 98195 MS Computational Finance & Risk Management
15
Total Score
74
Peer Score
3.0
The Master of Computational Finance and Risk Management (CFRM) program is a degree offered in the University of Washington’s Department of Applied Mathematics.
4.95 star(s) 40 reviews
Pending 2 Waitlisted 0 Accepted 94 Rejected 67
Tuition
$42,840
Enrollment
42 FT, 12 PT
Acceptance rate
33.6%
Undergrad GPA
Employment Rate
At Graduation
76%
After 3 months
92%
Compensation
Base
$82,000
Avg total
Visit program's website
Johns Hopkins University - Financial Mathematics MSE

Johns Hopkins University

Baltimore, MD 21218 Financial Mathematics MSE
17
Total Score
71
Peer Score
2.7
The Financial Mathematics program is offered by Johns Hopskins Whiting School of Engineering under their Department of Applied Mathematics and Statistics.
4.56 star(s) 9 reviews
Pending 3 Waitlisted 0 Accepted 65 Rejected 52
Tuition
$84,605
Enrollment
26 FT
Acceptance rate
31.9%
Undergrad GPA
Employment Rate
At Graduation
13%
After 3 months
100%
Compensation
Base
$94,750
Avg total
Visit program's website
Boston University - MS in Mathematical Finance and Financial Technology

Boston University

Boston, MA 02215 MS in Mathematical Finance and Financial Technology
18
Total Score
68
Peer Score
3.1
The three-semester program is offered by Boston University's Questrom School of Business.
3.73 star(s) 15 reviews
Pending 2 Waitlisted 0 Accepted 231 Rejected 116
Tuition
$82,080
Enrollment
101 FT
Acceptance rate
41.0%
Undergrad GPA
Employment Rate
At Graduation
28%
After 3 months
82%
Compensation
Base
$81,000
Avg total
Visit program's website
Fordham University - MS in Quantitative Finance

Fordham University

New York, NY 10023 MS in Quantitative Finance
19
Total Score
66
Peer Score
2.3
The Master of Science in Quantitative Finance (MSQF) program is offered by Fordham University's Gabelli School of Business. The three-semester program starts in the Fall.
5.00 star(s) 13 reviews
Pending 2 Waitlisted 0 Accepted 73 Rejected 14
Tuition
$72,765
Enrollment
74 FT
Acceptance rate
42.5%
Employment Rate
At Graduation
27%
After 3 months
90%
Compensation
Base
$89,068
Avg total
Visit program's website
Stony Brook University - Master in Quantitative Finance

Stony Brook University

Stony Brook, NY 11794 Master in Quantitative Finance
20
Total Score
59
Peer Score
2.6
4.50 star(s) 2 reviews
Pending 0 Waitlisted 0 Accepted 18 Rejected 8
Tuition
$42,647
Enrollment
11 FT
Acceptance rate
57.9%
Undergrad GPA
Employment Rate
After 3 months
82%
Compensation
Avg total
Visit program's website
University of Minnesota - Master of Financial Mathematics

University of Minnesota

Minneapolis, MN 55455 Master of Financial Mathematics
21
Total Score
56
Peer Score
2.8
The program is offered by Minnesota Center for Financial and Actuarial Mathematics, a specialized center for quantitive finance within the School of Mathematics.
4.71 star(s) 42 reviews
Pending 0 Waitlisted 0 Accepted 28 Rejected 10
Tuition
$47,766
Enrollment
25 FT, 4 PT
Acceptance rate
81.7%
Undergrad GPA
Employment Rate
At Graduation
41%
After 3 months
52%
Compensation
Base
$72,000
Avg total
Visit program's website
Stevens Institute of Technology - Master in Financial Engineering

Stevens Institute of Technology

Hoboken, NJ 07030 Master in Financial Engineering
22
Total Score
55
Peer Score
2.5
The Master in Financial Engineering (MFE) program is offered by Stevens School of Business. The three-semester program starts each fall semester.
4.50 star(s) 56 reviews
Pending 0 Waitlisted 0 Accepted 65 Rejected 2
Tuition
$48,208
Enrollment
46 FT, 5 PT
Acceptance rate
89.8%
Undergrad GPA
Employment Rate
At Graduation
24%
After 3 months
62%
Compensation
Base
$63,139
Avg total
Visit program's website
Rensselaer Polytechnic Institute - MS in Quantitative Finance and Risk Analytics

Rensselaer Polytechnic Institute

Troy, NY 12180 MS in Quantitative Finance and Risk Analytics
23
Total Score
54
Peer Score
2.3
4.82 star(s) 11 reviews
Pending 0 Waitlisted 0 Accepted 11 Rejected 7
Tuition
$56,964
Enrollment
26 FT
Acceptance rate
53.6%
Employment Rate
At Graduation
34%
After 3 months
55%
Compensation
Avg total
Visit program's website
Claremont Graduate University - MS in Financial Engineering

Claremont Graduate University

Claremont, CA 91711 MS in Financial Engineering
24
Total Score
46
Peer Score
2.1
3.50 star(s) 12 reviews
Pending 0 Waitlisted 0 Accepted 22 Rejected 1
Tuition
$79,200
Enrollment
9 FT
Acceptance rate
54.0%
Employment Rate
At Graduation
40%
After 3 months
70%
Compensation
Avg total
Visit program's website
~ Illinois Institute of Technology - Master in Mathematical Finance

~ Illinois Institute of Technology

Chicago, IL 60616 Master in Mathematical Finance
25
Total Score
42
Peer Score
2.5
4.33 star(s) 6 reviews
Pending 0 Waitlisted 0 Accepted 22 Rejected 1
Tuition
$54,000
Enrollment
6 FT
Acceptance rate
58.2%
Employment Rate
At Graduation
7%
After 3 months
33%
Compensation
Avg total
Visit program's website
Florida State University - Financial Mathematics

Florida State University

Tallahassee, FL 32306 Financial Mathematics
NR
Peer Score
2.1
0.00 star(s) 0 reviews
Pending 0 Waitlisted 0 Accepted 5 Rejected 1
Tuition
$38,875
Enrollment
17 FT
Acceptance rate
40.6%
Employment Rate
At Graduation
71%
After 3 months
86%
Compensation
Avg total
Visit program's website
Lehigh University - MS in Financial Engineering

Lehigh University

Bethlehem, PA 18015 MS in Financial Engineering
NR
Peer Score
2.0
5.00 star(s) 22 reviews
Pending 1 Waitlisted 0 Accepted 3 Rejected 0
Tuition
$45,000
Enrollment
12 FT
Acceptance rate
47.3%
Employment Rate
At Graduation
50%
After 3 months
80%
Compensation
Visit program's website
~ Rutgers University - MS in Mathematical Finance

~ Rutgers University

Piscataway, NJ 08854 MS in Mathematical Finance
NR
Peer Score
2.7
4.13 star(s) 8 reviews
Pending 0 Waitlisted 0 Accepted 88 Rejected 32
Tuition
$57,461
Enrollment
16 FT
Acceptance rate
43.7%
Employment Rate
At Graduation
33%
After 3 months
75%
Compensation
Avg total
Visit program's website
University of Connecticut - Applied Financial Mathematics

University of Connecticut

Storrs, Connecticut 06269 Applied Financial Mathematics
NR
Peer Score
2.0
0.00 star(s) 0 reviews
Pending 0 Waitlisted 0 Accepted 6 Rejected 1
Tuition
$51,210
Enrollment
10 FT
Acceptance rate
56.7%
Employment Rate
Compensation
Visit program's website
University of Illinois Urbana Champaign - Master of Financial Engineering

University of Illinois Urbana Champaign

Urbana, IL 61801 Master of Financial Engineering
NR
Peer Score
2.7
The University of Illinois Urbana-Champaign (UIUC) offers a Master of Science in Financial Engineering (MSFE) program through its Gies College of Business in collaboration with the Department of Mathematics and the Department of Statistics.
4.59 star(s) 39 reviews
Pending 0 Waitlisted 0 Accepted 138 Rejected 37
Tuition
$75,150
Enrollment
50 FT
Acceptance rate
68.5%
Undergrad GPA
Employment Rate
At Graduation
31%
After 3 months
76%
Compensation
Base
$87,500
Visit program's website
University of Michigan - MS in Quantitative Finance and Risk Management

University of Michigan

Ann Arbor, MI 48109 MS in Quantitative Finance and Risk Management
NR
Peer Score
2.7
2.67 star(s) 6 reviews
Pending 0 Waitlisted 0 Accepted 16 Rejected 13
Tuition
$72,306
Enrollment
30 FT
Acceptance rate
38.2%
Employment Rate
At Graduation
48%
After 3 months
52%
Compensation
Avg total
Visit program's website
University of North Carolina at Charlotte - MS in Mathematical Finance

University of North Carolina at Charlotte

Charlotte, NC 28223 MS in Mathematical Finance
NR
Peer Score
2.4
4.60 star(s) 10 reviews
Pending 0 Waitlisted 0 Accepted 23 Rejected 0
Tuition
$40,583
Enrollment
31 FT, 12 PT
Acceptance rate
80.0%
Undergrad GPA
Employment Rate
At Graduation
35%
After 3 months
62%
Compensation
Base
$86,857
Avg total
Visit program's website
University of Southern California - MS in Mathematical Finance

University of Southern California

Los Angeles, CA 90007 MS in Mathematical Finance
NR
Peer Score
2.0
0.00 star(s) 0 reviews
Pending 0 Waitlisted 0 Accepted 11 Rejected 13
Tuition
$72,933
Enrollment
27 FT
Acceptance rate
17.8%
Employment Rate
At Graduation
20%
After 3 months
73%
Compensation
Visit program's website

* Base + sign on bonus (US only)

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