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.
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.
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
| 2018 | 2017 | 2016 | 2014 | 2012 |
- Tuition
- $42,395
- Enrollment
- 24 FT, 4 PT
- Acceptance rate
- 7.1%
- At Graduation
- 100%
- Average salary*
- $220,500
Carnegie Mellon University
New York, NY 10005 | Pittsburgh, PA 15213
MS in Computational Finance
3
- Total Score
- 95
- Peer Score
- 4.3
University of California, Berkeley
Berkeley, CA 94720
Master of Financial Engineering
4
- Total Score
- 91
- Peer Score
- 3.9
- Tuition
- $80,486
- Enrollment
- 76 FT, 11 PT
- Acceptance rate
- 20.8%
- At Graduation
- 84%
- Average salary*
- $173,758
Columbia University
New York, NY 10027
Masters in Financial Engineering
5
- Total Score
- 88
- Peer Score
- 3.6
- Tuition
- $90,013
- Enrollment
- 127 FT, 6 PT
- Acceptance rate
- 28.5%
- At Graduation
- 90%
- Average salary*
- $143,216
- Tuition
- $75,000
- Enrollment
- 24 FT, 4 PT
- Acceptance rate
- 14.4%
- At Graduation
- 80%
- Average salary*
- $142,252
- Tuition
- $94,850
- Enrollment
- 105 FT, 3 PT
- Acceptance rate
- 18.1%
- At Graduation
- 76%
- Average salary*
- $123,894
Massachusetts Institute of Technology
Cambridge, MA 02139
Master of Finance
9
- Total Score
- 82
- Peer Score
- 3.1
NYU Tandon School of Engineering
Brooklyn, NY 11201
MS in Financial Engineering
11
- Total Score
- 77
- Peer Score
- 3.1
- Tuition
- $78,433
- Enrollment
- 146 FT, 1 PT
- Acceptance rate
- 29.0%
- At Graduation
- 71%
- Average salary*
- $114,967
Georgia Institute of Technology
Atlanta, GA 30332
MS in Quantitative and Computational Finance
12
- Total Score
- 76
- Peer Score
- 2.9
North Carolina State University
Raleigh, NC 27695
Master in Financial Mathematics
12
- Total Score
- 76
- Peer Score
- 2.6
University of California, Los Angeles
Los Angeles, CA 90095
Master of Financial Engineering
12
- Total Score
- 76
- Peer Score
- 3.4
Johns Hopkins University
Baltimore, MD 21218
Financial Mathematics MSE
15
- Total Score
- 66
- Peer Score
- 2.4
University of Washington
Seattle, WA 98195
MS Computational Finance & Risk Management
15
- Total Score
- 66
- Peer Score
- 2.8
University of Illinois Urbana Champaign
Urbana, IL 61801
Master of Financial Engineering
18
- Total Score
- 58
- Peer Score
- 2.7
Stevens Institute of Technology
Hoboken, NJ 07030
MS in Financial Engineering
19
- Total Score
- 57
- Peer Score
- 2.4
- Tuition
- $54,332
- Enrollment
- 16 FT, 4 PT
- Acceptance rate
- 73.4%
- At Graduation
- 45%
- Average salary*
- $114,483
University of Minnesota
Minneapolis, MN 55455
Master of Financial Mathematics
20
- Total Score
- 55
- Peer Score
- 2.2
- Tuition
- $49,420
- Enrollment
- 18 FT, 1 PT
- Acceptance rate
- 86.4%
- At Graduation
- 82%
- Average salary*
- $122,040
Boston University
Boston, MA 02215
MS in Mathematical Finance and Financial Technology
21
- Total Score
- 49
- Peer Score
- 2.7
| Rank | Program | Total Score | Peer Score | % Employed at Graduation | % Employed at 3 months | Salary | Cohort Size | Tuition |
|---|---|---|---|---|---|---|---|---|
| 1 |
Baruch College
|
100 | 4.3 | 100% | 100% | $220,500 | 24 FT, 4 PT | $42,395 |
| 2 |
Princeton University
|
97 | 4 | 100% | 100% | $240,611 | 37 FT | $125,720 |
| 3 |
Carnegie Mellon University
|
95 | 4.3 | 92% | 97% | $160,336 | 95 FT | $97,061 |
| 4 |
University of California, Berkeley
|
91 | 3.9 | 84% | 96% | $173,758 | 76 FT, 11 PT | $80,486 |
| 5 |
Columbia University
|
88 | 3.6 | 66% | 100% | $154,175 | 106 FT | $88,632 |
| 6 |
University of Chicago
|
85 | 3.6 | 90% | 98% | $143,216 | 127 FT, 6 PT | $90,013 |
| 7 |
Cornell University
|
83 | 3.4 | 75% | 95% | $144,433 | 53 FT | $97,806 |
| 7 |
NYU Courant
|
83 | 3.7 | 80% | 97% | $142,252 | 24 FT, 4 PT | $75,000 |
| 9 |
Columbia University
|
82 | 3.3 | 76% | 88% | $123,894 | 105 FT, 3 PT | $94,850 |
| 9 |
Massachusetts Institute of Technology
|
82 | 3.1 | 82% | 98% | $140,123 | 127 FT | $121,009 |
| 11 |
NYU Tandon School of Engineering
|
77 | 3.1 | 71% | 91% | $114,967 | 146 FT, 1 PT | $78,433 |
| 12 |
Georgia Institute of Technology
|
76 | 2.9 | 91% | 97% | $131,490 | 71 FT | $60,228 |
| 12 |
North Carolina State University
|
76 | 2.6 | 89% | 100% | $116,882 | 33 FT | $63,023 |
| 12 |
University of California, Los Angeles
|
76 | 3.4 | 89% | 94% | $125,727 | 94 FT | $89,539 |
| 15 |
Johns Hopkins University
|
66 | 2.4 | 61% | 100% | $110,874 | 49 FT | $95,203 |
| 15 |
University of Washington
|
66 | 2.8 | 74% | 100% | $105,261 | 52 FT | $47,570 |
| 17 |
Rutgers University
|
62 | 2.7 | 57% | 89% | $106,520 | 55 FT | $76,224 |
| 18 |
University of Illinois Urbana Champaign
|
58 | 2.7 | 54% | 92% | $106,150 | 23 FT | $78,837 |
| 19 |
Stevens Institute of Technology
|
57 | 2.4 | 45% | 98% | $114,483 | 16 FT, 4 PT | $54,332 |
| 20 |
University of Minnesota
|
55 | 2.2 | 82% | 91% | $122,040 | 18 FT, 1 PT | $49,420 |
| 21 |
Boston University
|
49 | 2.7 | 54% | 78% | $109,098 | 106 FT | $97,226 |
| 21 |
Fordham University
|
49 | 2.2 | 46% | 69% | $103,640 | 23 FT | $89,309 |
| 21 |
UC San Diego
|
49 | 2.1 | 24% | 57% | $81,935 | 146 FT | $76,128 |
- Published
- 12/12/23
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