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2023 QuantNet Ranking of Best Financial Engineering Programs

The 2023 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.

Baruch College - Master in Financial Engineering

Baruch College

New York, NY 10010 Master in Financial Engineering
1
Total Score
100
Peer Score
4.2
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
22 FT, 3 PT
Acceptance rate
6.7%
Undergrad GPA
Employment Rate
At Graduation
100%
After 3 months
100%
Employed in the US
Compensation
Base
$134,332
Avg total
Visit program's website
Princeton University - Master in Finance

Princeton University

Princeton, NJ 08544 Master in Finance
2
Total Score
97
Peer Score
3.9
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 287
Tuition
$114,820
Enrollment
25 FT
Acceptance rate
4.8%
Undergrad GPA
Employment Rate
At Graduation
100%
After 3 months
100%
Employed in the US
Compensation
Base
$149,000
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
3
Total Score
93
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 4 Waitlisted 10 Accepted 236 Rejected 150
Tuition
$78,142
Enrollment
78 FT, 7 PT
Acceptance rate
19.3%
Undergrad GPA
Employment Rate
At Graduation
88%
After 3 months
100%
Employed in the US
Compensation
Base
$150,190
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
4
Total Score
91
Peer Score
4.1
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 12 Waitlisted 3 Accepted 414 Rejected 433
Tuition
$92,534
Enrollment
96 FT
Acceptance rate
22.1%
Undergrad GPA
Employment Rate
At Graduation
88%
After 3 months
96%
Employed in the US
Compensation
Base
$117,513
Avg total
Visit program's website
Columbia University - MA in Mathematics of Finance

Columbia University

New York, NY 10027 MA in Mathematics of Finance
5
Total Score
87
Peer Score
3.4
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
$90,304
Enrollment
103 FT, 4 PT
Acceptance rate
18.6%
Undergrad GPA
Employment Rate
At Graduation
87%
After 3 months
100%
Employed in the US
Compensation
Base
$114,839
Avg total
Visit program's website
Massachusetts Institute of Technology - Master of Finance

Massachusetts Institute of Technology

Cambridge, MA 02139 Master of Finance
6
Total Score
86
Peer Score
3.2
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 218 Rejected 394
Tuition
$117,044
Enrollment
123 FT
Acceptance rate
9.3%
Undergrad GPA
Employment Rate
At Graduation
90%
After 3 months
100%
Employed in the US
Compensation
Base
$114,545
Avg total
Visit program's website
Cornell University - Master in Financial Engineering

Cornell University

Ithaca, NY 14850 Master in Financial Engineering
7
Total Score
82
Peer Score
3.7
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
$93,684
Enrollment
57 FT
Acceptance rate
22.1%
Undergrad GPA
Employment Rate
At Graduation
80%
After 3 months
100%
Employed in the US
Compensation
Base
$107,000
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
7
Total Score
82
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 212 Rejected 294
Tuition
$73,000
Enrollment
46 FT, 2 PT
Acceptance rate
21.9%
Undergrad GPA
Employment Rate
At Graduation
75%
After 3 months
100%
Employed in the US
Compensation
Base
$101,368
Avg total
Visit program's website
Columbia University - Masters in Financial Engineering

Columbia University

New York, NY 10027 Masters in Financial Engineering
9
Total Score
80
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.
3.21 star(s) 14 reviews
Pending 23 Waitlisted 15 Accepted 400 Rejected 481
Tuition
$85,032
Enrollment
95 FT
Acceptance rate
11.1%
Undergrad GPA
Employment Rate
At Graduation
40%
After 3 months
65%
Employed in the US
Compensation
Base
$115,556
Avg total
Visit program's website
NYU Tandon School of Engineering - MS in Financial Engineering

NYU Tandon School of Engineering

Brooklyn, NY 11201 MS in Financial Engineering
9
Total Score
80
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
$79,674
Enrollment
153 FT, 2 PT
Acceptance rate
27.8%
Undergrad GPA
Employment Rate
At Graduation
76%
After 3 months
94%
Employed in the US
Compensation
Base
$107,624
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
9
Total Score
80
Peer Score
3.5
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.
4.34 star(s) 44 reviews
Pending 3 Waitlisted 1 Accepted 183 Rejected 82
Tuition
$85,276
Enrollment
88 FT
Acceptance rate
35.7%
Undergrad GPA
Employment Rate
At Graduation
95%
After 3 months
100%
Employed in the US
Compensation
Base
$115,268
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
79
Peer Score
3.4
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) 51 reviews
Pending 4 Waitlisted 8 Accepted 451 Rejected 254
Tuition
$88,183
Enrollment
91 FT, 10 PT
Acceptance rate
25.0%
Undergrad GPA
Employment Rate
At Graduation
91%
After 3 months
96%
Employed in the US
Compensation
Base
$114,829
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
78
Peer Score
2.7
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
$61,359
Enrollment
33 FT
Acceptance rate
16.9%
Undergrad GPA
Employment Rate
At Graduation
85%
After 3 months
100%
Employed in the US
Compensation
Base
$118,500
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
14
Total Score
72
Peer Score
3.1
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.
3.73 star(s) 11 reviews
Pending 11 Waitlisted 2 Accepted 234 Rejected 156
Tuition
$60,228
Enrollment
50 FT, 1 PT
Acceptance rate
31.9%
Undergrad GPA
Employment Rate
At Graduation
91%
After 3 months
100%
Employed in the US
Compensation
Base
$105,168
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
69
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
$46,715
Enrollment
36 FT, 7 PT
Acceptance rate
43.6%
Undergrad GPA
Employment Rate
At Graduation
87%
After 3 months
100%
Employed in the US
Compensation
Base
$87,945
Avg total
Visit program's website
Rutgers University - Master of Quantitative Finance

Rutgers University

Newark, NJ 07102 Master of Quantitative Finance
16
Total Score
66
Peer Score
3.1
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 125 Rejected 8
Tuition
$66,783
Enrollment
64 FT
Acceptance rate
47.4%
Undergrad GPA
Employment Rate
At Graduation
50%
After 3 months
91%
Employed in the US
Compensation
Base
$97,284
Avg total
Visit program's website
Johns Hopkins University - Financial Mathematics MSE

Johns Hopkins University

Baltimore, MD 21218 Financial Mathematics MSE
17
Total Score
64
Peer Score
2.5
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
$91,627
Enrollment
33 FT
Acceptance rate
33.5%
Undergrad GPA
Employment Rate
At Graduation
67%
After 3 months
100%
Employed in the US
Compensation
Base
$100,625
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
61
Peer Score
3.2
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
$93,483
Enrollment
89 FT
Acceptance rate
50.6%
Undergrad GPA
Employment Rate
At Graduation
44%
After 3 months
73%
Employed in the US
Compensation
Base
$90,421
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
19
Total Score
55
Peer Score
2.4
The Master in Financial Engineering (MFE) program is offered by Stevens School of Business. The three-semester program starts each fall semester.
4.49 star(s) 55 reviews
Pending 0 Waitlisted 0 Accepted 65 Rejected 2
Tuition
$51,966
Enrollment
28 FT, 5 PT
Acceptance rate
85.2%
Undergrad GPA
Employment Rate
At Graduation
60%
After 3 months
98%
Employed in the US
Compensation
Base
$95,530
Avg total
Visit program's website
Fordham University - MS in Quantitative Finance

Fordham University

New York, NY 10023 MS in Quantitative Finance
20
Total Score
53
Peer Score
2.6
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) 12 reviews
Pending 2 Waitlisted 0 Accepted 72 Rejected 14
Tuition
$77,743
Enrollment
16 FT
Acceptance rate
47.4%
Undergrad GPA
Employment Rate
At Graduation
35%
After 3 months
65%
Employed in the US
Compensation
Base
$98,356
Avg total
Visit program's website
Claremont Graduate University - MS in Financial Engineering

Claremont Graduate University

Claremont, CA 91711 MS in Financial Engineering
NR
Peer Score
2.3
3.45 star(s) 11 reviews
Pending 0 Waitlisted 0 Accepted 22 Rejected 1
Tuition
$82,467
Enrollment
5 FT
Acceptance rate
93.3%
Employment Rate
At Graduation
50%
After 3 months
75%
Compensation
Visit program's website
Lehigh University - MS in Financial Engineering

Lehigh University

Bethlehem, PA 18015 MS in Financial Engineering
NR
Peer Score
2.5
5.00 star(s) 22 reviews
Pending 1 Waitlisted 0 Accepted 3 Rejected 0
Tuition
$45,300
Enrollment
13 FT, 1 PT
Acceptance rate
48.5%
Undergrad GPA
Employment Rate
At Graduation
100%
After 3 months
100%
Employed in the US
Compensation
Base
$131,667
Avg total
Visit program's website
Oklahoma State University - MS in Quantitative Finance

Oklahoma State University

Stillwater, OK 74078 MS in Quantitative Finance
NR
5.00 star(s) 1 reviews
Pending 0 Waitlisted 0 Accepted 3 Rejected 0
Tuition
$12,012
Enrollment
7 FT
Acceptance rate
69.2%
Employment Rate
Compensation
Visit program's website
Rutgers University - MS in Financial Statistics and Risk Management

Rutgers University

Piscataway, NJ 08854 MS in Financial Statistics and Risk Management
NR
Peer Score
2.4
5.00 star(s) 4 reviews
Pending 0 Waitlisted 0 Accepted 8 Rejected 1
Tuition
$56,100
Enrollment
9 FT, 1 PT
Acceptance rate
67.2%
Employment Rate
At Graduation
50%
After 3 months
100%
Compensation
Avg total
Visit program's website
Rutgers University - MS in Mathematical Finance

Rutgers University

Piscataway, NJ 08854 MS in Mathematical Finance
NR
Peer Score
3.0
4.13 star(s) 8 reviews
Pending 0 Waitlisted 0 Accepted 88 Rejected 32
Tuition
$65,077
Enrollment
9 FT
Acceptance rate
29.3%
Employment Rate
At Graduation
25%
After 3 months
75%
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
2.8
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
$78,483
Enrollment
27 FT
Acceptance rate
63.4%
Undergrad GPA
Employment Rate
At Graduation
47%
After 3 months
89%
Employed in the US
Compensation
Base
$100,640
Avg total
Visit program's website
Stony Brook University - Master in Quantitative Finance

Stony Brook University

Stony Brook, NY 11794 Master in Quantitative Finance
NR
Peer Score
2.5
4.50 star(s) 2 reviews
Pending 0 Waitlisted 0 Accepted 18 Rejected 8
Tuition
$44,892
Enrollment
24 FT
Acceptance rate
58.0%
Undergrad GPA
Employment Rate
At Graduation
50%
After 3 months
50%
Compensation
Avg total
Visit program's website
University of Minnesota - Master of Financial Mathematics

University of Minnesota

Minneapolis, MN 55455 Master of Financial Mathematics
NR
Peer Score
2.6
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
$49,420
Enrollment
14 FT, 4 PT
Acceptance rate
63.2%
Employment Rate
At Graduation
70%
After 3 months
90%
Employed in the US
Compensation
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
2.5
4.60 star(s) 10 reviews
Pending 0 Waitlisted 0 Accepted 23 Rejected 0
Tuition
$42,826
Enrollment
13 FT, 4 PT
Acceptance rate
83.9%
Undergrad GPA
Employment Rate
At Graduation
50%
After 3 months
73%
Employed in the US
Compensation
Base
$97,615
Avg total
Visit program's website

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2023 Rankings Methodology
  • Published
    12/11/23
  • Page views
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