2024 QuantNet Ranking of Best Financial Engineering Programs

The 2024 QuantNet MFE ranking is the most authoritative and comprehensive ranking of best Financial Engineering (MFE), Mathematical Finance programs in the continental USA.

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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
4.3
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 28 Waitlisted 0 Accepted 230 Rejected 380
Tuition
$42,395
Enrollment
24 FT, 4 PT
Acceptance rate
7.1%
Undergrad GPA
Employment Rate
At Graduation
100%
After 3 months
100%
Employed in the US
Compensation
Base
$170,526
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
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 287
Tuition
$125,720
Enrollment
37 FT
Acceptance rate
7.7%
Undergrad GPA
Employment Rate
At Graduation
100%
After 3 months
100%
Employed in the US
Compensation
Base
$176,666
Avg total
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Carnegie Mellon University - MS in Computational Finance

Carnegie Mellon University

New York, NY 10005 | Pittsburgh, PA 15213 MS in Computational Finance
3
Total Score
95
Peer Score
4.3
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
$97,061
Enrollment
95 FT
Acceptance rate
20.0%
Undergrad GPA
Employment Rate
At Graduation
92%
After 3 months
97%
Employed in the US
Compensation
Base
$138,037
Avg total
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University of California, Berkeley - Master of Financial Engineering

University of California, Berkeley

Berkeley, CA 94720 Master of Financial Engineering
4
Total Score
91
Peer Score
3.9
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 3 Waitlisted 10 Accepted 236 Rejected 150
Tuition
$80,486
Enrollment
76 FT, 11 PT
Acceptance rate
20.8%
Undergrad GPA
Employment Rate
At Graduation
84%
After 3 months
96%
Employed in the US
Compensation
Base
$147,578
Avg total
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Columbia University - Masters in Financial Engineering

Columbia University

New York, NY 10027 Masters in Financial Engineering
5
Total Score
88
Peer Score
3.6
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
$88,632
Enrollment
106 FT
Acceptance rate
10.1%
Undergrad GPA
Employment Rate
At Graduation
66%
After 3 months
100%
Employed in the US
Compensation
Base
$130,461
Avg total
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University of Chicago - MS in Financial Mathematics

University of Chicago

Chicago, IL 60637 MS in Financial Mathematics
6
Total Score
85
Peer Score
3.6
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
$90,013
Enrollment
127 FT, 6 PT
Acceptance rate
28.5%
Undergrad GPA
Employment Rate
At Graduation
90%
After 3 months
98%
Employed in the US
Compensation
Base
$125,292
Avg total
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Cornell University - Master in Financial Engineering

Cornell University

Ithaca, NY 14850 Master in Financial Engineering
7
Total Score
83
Peer Score
3.4
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.
4.63 star(s) 8 reviews
Pending 5 Waitlisted 0 Accepted 332 Rejected 264
Tuition
$97,806
Enrollment
53 FT
Acceptance rate
19.4%
Undergrad GPA
Employment Rate
At Graduation
75%
After 3 months
95%
Employed in the US
Compensation
Base
$121,500
Avg total
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New York University - MS in Mathematics in Finance

New York University

New York, NY 10012 MS in Mathematics in Finance
7
Total Score
83
Peer Score
3.7
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
$75,000
Enrollment
24 FT, 4 PT
Acceptance rate
14.4%
Undergrad GPA
Employment Rate
At Graduation
80%
After 3 months
97%
Employed in the US
Compensation
Base
$129,524
Avg total
Visit program's website
Columbia University - MA in Mathematics of Finance

Columbia University

New York, NY 10027 MA in Mathematics of Finance
9
Total Score
82
Peer Score
3.3
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
$94,850
Enrollment
105 FT, 3 PT
Acceptance rate
18.1%
Undergrad GPA
Employment Rate
At Graduation
76%
After 3 months
88%
Employed in the US
Compensation
Base
$107,347
Avg total
Visit program's website
Massachusetts Institute of Technology - Master of Finance

Massachusetts Institute of Technology

Cambridge, MA 02139 Master of Finance
9
Total Score
82
Peer Score
3.1
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
$121,009
Enrollment
127 FT
Acceptance rate
9.2%
Undergrad GPA
Employment Rate
At Graduation
82%
After 3 months
98%
Employed in the US
Compensation
Base
$121,873
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
11
Total Score
77
Peer Score
3.1
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.
3.42 star(s) 31 reviews
Pending 2 Waitlisted 3 Accepted 338 Rejected 166
Tuition
$78,433
Enrollment
146 FT, 1 PT
Acceptance rate
29.0%
Undergrad GPA
Employment Rate
At Graduation
71%
After 3 months
91%
Employed in the US
Compensation
Base
$110,116
Avg total
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Georgia Institute of Technology - MS in Quantitative and Computational Finance

Georgia Institute of Technology

Atlanta, GA 30332 MS in Quantitative and Computational Finance
12
Total Score
76
Peer Score
2.9
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
71 FT
Acceptance rate
38.9%
Undergrad GPA
Employment Rate
At Graduation
91%
After 3 months
97%
Employed in the US
Compensation
Base
$120,007
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
12
Total Score
76
Peer Score
2.6
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 105 Rejected 23
Tuition
$63,023
Enrollment
33 FT
Acceptance rate
16.7%
Undergrad GPA
Employment Rate
At Graduation
89%
After 3 months
100%
Employed in the US
Compensation
Base
$111,882
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
12
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.
4.34 star(s) 44 reviews
Pending 3 Waitlisted 1 Accepted 183 Rejected 82
Tuition
$89,539
Enrollment
94 FT
Acceptance rate
35.5%
Undergrad GPA
Employment Rate
At Graduation
89%
After 3 months
94%
Employed in the US
Compensation
Base
$120,460
Avg total
Visit program's website
Johns Hopkins University - Financial Mathematics MSE

Johns Hopkins University

Baltimore, MD 21218 Financial Mathematics MSE
15
Total Score
66
Peer Score
2.4
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
$95,203
Enrollment
49 FT
Acceptance rate
35.5%
Undergrad GPA
Employment Rate
At Graduation
61%
After 3 months
100%
Employed in the US
Compensation
Base
$109,138
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
66
Peer Score
2.8
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
$47,570
Enrollment
52 FT
Acceptance rate
51.0%
Undergrad GPA
Employment Rate
At Graduation
74%
After 3 months
100%
Employed in the US
Compensation
Base
$102,000
Avg total
Visit program's website
Rutgers University - Master of Quantitative Finance

Rutgers University

Newark, NJ 07102 Master of Quantitative Finance
17
Total Score
62
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 125 Rejected 8
Tuition
$76,224
Enrollment
55 FT
Acceptance rate
52.4%
Undergrad GPA
Employment Rate
At Graduation
57%
After 3 months
89%
Employed in the US
Compensation
Base
$101,381
Avg total
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University of Illinois Urbana Champaign - Master of Financial Engineering

University of Illinois Urbana Champaign

Urbana, IL 61801 Master of Financial Engineering
18
Total Score
58
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
$78,837
Enrollment
23 FT
Acceptance rate
61.5%
Undergrad GPA
Employment Rate
At Graduation
54%
After 3 months
92%
Employed in the US
Compensation
Base
$100,400
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
57
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
$54,332
Enrollment
16 FT, 4 PT
Acceptance rate
73.4%
Undergrad GPA
Employment Rate
At Graduation
45%
After 3 months
98%
Employed in the US
Compensation
Base
$103,800
Avg total
Visit program's website
University of Minnesota - Master of Financial Mathematics

University of Minnesota

Minneapolis, MN 55455 Master of Financial Mathematics
20
Total Score
55
Peer Score
2.2
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) 41 reviews
Pending 0 Waitlisted 0 Accepted 28 Rejected 10
Tuition
$49,420
Enrollment
18 FT, 1 PT
Acceptance rate
86.4%
Undergrad GPA
Employment Rate
At Graduation
82%
After 3 months
91%
Employed in the US
Compensation
Base
$120,140
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
21
Total Score
49
Peer Score
2.7
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 230 Rejected 116
Tuition
$97,226
Enrollment
106 FT
Acceptance rate
62.7%
Undergrad GPA
Employment Rate
At Graduation
54%
After 3 months
78%
Employed in the US
Compensation
Base
$103,060
Avg total
Visit program's website
Fordham University - MS in Quantitative Finance

Fordham University

New York, NY 10023 MS in Quantitative Finance
21
Total Score
49
Peer Score
2.2
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
$89,309
Enrollment
23 FT
Acceptance rate
71.4%
Undergrad GPA
Employment Rate
At Graduation
46%
After 3 months
69%
Employed in the US
Compensation
Base
$99,240
Avg total
Visit program's website
University of California, San Diego - Master of Quantitative Finance

University of California, San Diego

La Jolla, CA 92093 Master of Quantitative Finance
21
Total Score
49
Peer Score
2.1
The UCSD Master in Finance (MFin) program is offered by the Rady School of Management.
4.50 star(s) 2 reviews
Pending 0 Waitlisted 0 Accepted 5 Rejected 0
Tuition
$76,128
Enrollment
146 FT
Acceptance rate
37.2%
Undergrad GPA
Employment Rate
At Graduation
24%
After 3 months
57%
Employed in the US
Compensation
Base
$79,677
Avg total
Visit program's website
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