The 2015 QuantNet ranking is the most comprehensive ranking to date of master programs in Financial Engineering (MFE), Mathematical Finance in North America.
With 30 programs selected for the 2015 rankings, QuantNet surveyed program administrators, hiring managers and quantitative finance professionals from financial institutions around the world for statistics reflecting student selectivity and graduate employment.
In addition, we rank the top 10 programs with the best employment outcomes and the 3 most improved programs.
RANK | UNIVERSITY/PROGRAM | TUITION |
---|---|---|
1
100
4.2
|
Carnegie Mellon University Computational Finance Pittsburgh, PA |
$80,400 |
2
98
3.9
|
Baruch College, City University of New York Financial Engineering New York, NY |
$35,040 (non-resident), $24,315 (resident) |
2
98
4.1
|
Columbia University Financial Engineering New York, NY |
$61,560 |
2
98
4.1
|
University of California, Berkeley Financial Engineering Berkeley, CA |
$66,082 |
5
97
3.9
|
New York University Mathematics in Finance New York, NY |
$58,000 |
5
97
3.6
|
Princeton University Master in Finance Princeton, NJ |
$90,700 |
7
93
3.5
|
Columbia University Mathematics of Finance New York, NY |
$60,332 |
8
87
3.4
|
Cornell University MEng, FE concentration Ithaca, NY |
$74,000 |
9
85
3.8
|
Massachusetts Institute of Technology Master of Finance Cambridge, MA |
$75,850 (12 months), $100,350 (18 months) |
9
85
3.5
|
University of Chicago Financial Mathematics Chicago, IL |
$66,166 or $81,216 (with C++ course) |
9
85
3.1
|
University of Toronto Mathematical Finance Toronto, Canada |
CAD 43,000 |
12
83
2.9
|
Boston University Mathematical Finance Boston, MA |
$71,133 |
12
83
3.2
|
University of California, Los Angeles Financial Engineering Los Angeles, CA |
$58,986 |
14
81
2.6
|
University of Washington Computational Finance & Risk Management Seattle, WA |
$37,800 - $48,600 |
14
81
2.7
|
University of Waterloo Quantitative Finance Waterloo, Canada |
CDN 13,500 |
16
79
2.8
|
Georgia Institute of Technology Quantitative and Computational Finance Atlanta, GA |
$56,067 (non-resident), $25,461 (resident) |
16
79
2.7
|
NYU Polytechnic School of Engineering Financial Engineering Brooklyn, NY |
$54,818 |
18
77
2.6
|
Rutgers University Mathematical Finance New Brunswick, NJ |
$54,000 (non-resident), $32,000 (resident) |
18
77
2.5
|
Rutgers University Quantitative Finance Newark, NJ |
$56,160 (non-resident), $37,218 (resident) |
20
76
2.7
|
University of Illinois Financial Engineering Urbana, IL |
$55,500 (non-resident), $27,750 (resident with scholarship) |
21
75
2.3
|
Fordham University Quantitative Finance New York, NY |
$50,875 |
22
73
2.7
|
University of Minnesota Financial Mathematics Minneapolis, MN |
$36,800 (non-resident), $29,344 (resident) |
23
70
2.7
|
Johns Hopkins University Financial Mathematics Baltimore, MD |
$73,065 |
24
69
2.2
|
University of North Carolina at Charlotte Mathematical Finance Charlotte, NC |
$36,825 (non-resident), $18,394.50 (resident) |
25
64
2.2
|
Claremont Graduate University Financial Engineering Claremont, CA |
$86,064 |
26
63
2.5
|
Rensselaer Polytechnic Institute Quantitative Finance and Risk Analytics Troy, NY |
$48,100 |
27
61
2.4
|
North Carolina State University Financial Mathematics Raleigh, NC |
$45,484 (non-resident), $24,335 (resident) |
28
60
2.4
|
University of Southern California Financial Engineering Los Angeles, CA |
$48,000 |
29
57
2.3
|
Illinois Institute of Technology Mathematical Finance Chicago, IL |
$55,275 |
30
44
2.3
|
Stevens Institute of Technology Financial Engineering Hoboken, NJ |
$42,825 |
TOP 10 MFE PROGRAMS WITH BEST EMPLOYMENT OUTCOMES
RANK | UNIVERSITY/PROGRAM |
---|---|
1
|
Princeton University Master in Finance Princeton, NJ |
1
|
University of California, Berkeley Financial Engineering Berkeley, CA |
3
|
Baruch College, City University of New York Financial Engineering New York, NY |
3
|
Carnegie Mellon University Computational Finance Pittsburgh, PA |
3
|
Columbia University Financial Engineering New York, NY |
6
|
New York University Mathematics in Finance New York, NY |
7
|
Columbia University Mathematics of Finance New York, NY |
8
|
Boston University Mathematical Finance Boston, MA |
9
|
Cornell University MEng, FE concentration Ithaca, NY |
9
|
University of Toronto Mathematical Finance Toronto, Canada |
MOST IMPROVED MFE PROGRAMS
UNIVERSITY/PROGRAM | RANKING CHANGES | |
---|---|---|
1
|
University of Washington Computational Finance & Risk Management Seattle, WA |
+6 |
2
|
University of Chicago Financial Mathematics Chicago, IL |
+5 |
3
|
University of Toronto Mathematical Finance Toronto, Canada |
+3 |