2025 QuantNet Ranking of Best Financial Engineering Programs

The 2025 QuantNet Ranking stands as the most comprehensive guide of the top Quantitative Finance and Financial Engineering programs in the United States.

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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.

Princeton University

Princeton, NJ 08544 Master in Finance

Total Score: 100

Peer Score: 3.7

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

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Tuition: $124,800

Enrollment: 35 FT

Acceptance rate: 4.3%

Employment Rate

At Graduation: 95%

After 3 months: 100%

Salary

Average salary*: $259,942

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Baruch College

New York, NY 10010 Master in Financial Engineering

Total Score: 99

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) 29 reviews

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Tuition: $42,395

Enrollment: 23 FT, 4 PT

Acceptance rate: 5.4%

Employment Rate

At Graduation: 91%

After 3 months: 100%

Salary

Average salary*: $200,207

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Carnegie Mellon University

New York, NY 10005 | Pittsburgh, PA 15213 MS in Computational Finance

Total Score: 93

Peer Score: 4.2

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.

4.69 star(s) 52 reviews

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Tuition: $100,685

Enrollment: 101 FT

Acceptance rate: 16.8%

Employment Rate

At Graduation: 89%

After 3 months: 99%

Salary

Average salary*: $165,025

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University of California, Berkeley

Berkeley, CA 94720 Master of Financial Engineering

Total Score: 88

Peer Score: 3.6

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.

4.17 star(s) 41 reviews

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Tuition: $82,901

Enrollment: 76 FT, 10 PT

Acceptance rate: 18.0%

Employment Rate

At Graduation: 79%

After 3 months: 92%

Salary

Average salary*: $168,263

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Massachusetts Institute of Technology

Cambridge, MA 02139 Master of Finance

Total Score: 86

Peer Score: 3.0

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

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Tuition: $125,484

Enrollment: 118 FT

Acceptance rate: 8.7%

Employment Rate

At Graduation: 76%

After 3 months: 97%

Salary

Average salary*: $154,909

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Columbia University

New York, NY 10027 Masters in Financial Engineering

Total Score: 85

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.

3.18 star(s) 11 reviews

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Tuition: $93,024

Enrollment: 123 FT

Acceptance rate: 10.5%

Employment Rate

At Graduation: 37%

After 3 months: 100%

Salary

Average salary*: $152,119

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University of Chicago

Chicago, IL 60637 MS in Financial Mathematics

Total Score: 85

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.

4.70 star(s) 50 reviews

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Tuition: $96,826

Enrollment: 124 FT, 6 PT

Acceptance rate: 20.9%

Employment Rate

At Graduation: 78%

After 3 months: 95%

Salary

Average salary*: $134,285

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Georgia Institute of Technology

Atlanta, GA 30332 MS in Quantitative and Computational Finance

Total Score: 80

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.

3.89 star(s) 9 reviews

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Tuition: $64,347

Enrollment: 51 FT

Acceptance rate: 32.6%

Employment Rate

At Graduation: 93%

After 3 months: 100%

Salary

Average salary*: $120,587

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Columbia University

New York, NY 10027 MA in Mathematics of Finance

Total Score: 77

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

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Tuition: $98,930

Enrollment: 102 FT, 7 PT

Acceptance rate: 22.1%

Employment Rate

At Graduation: 49%

After 3 months: 75%

Salary

Average salary*: $129,249

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Cornell University

Ithaca, NY 14850 Master in Financial Engineering

Total Score: 77

Peer Score: 3.2

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.

4.71 star(s) 7 reviews

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Tuition: $102,570

Enrollment: 65 FT

Acceptance rate: 20.7%

Employment Rate

At Graduation: 55%

After 3 months: 84%

Salary

Average salary*: $140,500

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NYU Tandon School of Engineering

Brooklyn, NY 11201 MS in Financial Engineering

Total Score: 77

Peer Score: 3.0

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.

3.43 star(s) 30 reviews

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Tuition: $81,581

Enrollment: 146 FT

Acceptance rate: 28.1%

Employment Rate

At Graduation: 67%

After 3 months: 89%

Salary

Average salary*: $119,528

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North Carolina State University

Raleigh, NC 27695 Master in Financial Mathematics

Total Score: 74

Peer Score: 2.3

North Carolina State University (NCSU) offers a three-semester Financial Mathematics program through its Department of Mathematics.

4.48 star(s) 27 reviews

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Tuition: $64,609

Enrollment: 23 FT

Acceptance rate: 14.6%

Employment Rate

At Graduation: 62%

After 3 months: 100%

Salary

Average salary*: $122,900

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New York University

New York, NY 10012 MS in Mathematics in Finance

Total Score: 69

Peer Score: 3.6

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

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Tuition: $84,969

Enrollment: 26 FT, 4 PT

Acceptance rate: 18.3%

Employment Rate

At Graduation: 40%

After 3 months: 49%

Salary

Average salary*: $118,363

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Rutgers University

Newark, NJ 07102 Master of Quantitative Finance

Total Score: 67

Peer Score: 2.5

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

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Tuition: $79,221

Enrollment: 46 FT

Acceptance rate: 36.9%

Employment Rate

At Graduation: 60%

After 3 months: 87%

Salary

Average salary*: $111,823

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Fordham University

New York, NY 10023 MS in Quantitative Finance

Total Score: 65

Peer Score: 2.4

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

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Tuition: $105,575

Enrollment: 39 FT

Acceptance rate: 58.9%

Employment Rate

At Graduation: 75%

After 3 months: 100%

Salary

Average salary*: $124,500

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University of Washington

Seattle, WA 98195 MS Computational Finance & Risk Management

Total Score: 62

Peer Score: 2.5

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

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Tuition: $50,930

Enrollment: 27 FT, 3 PT

Acceptance rate: 24.1%

Employment Rate

At Graduation: 53%

After 3 months: 72%

Salary

Average salary*: $111,359

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University of California, Los Angeles

Los Angeles, CA 90095 Master of Financial Engineering

Total Score: 61

Peer Score: 3.1

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.

4.43 star(s) 42 reviews

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Tuition: $93,120

Enrollment: 97 FT

Acceptance rate: 32.9%

Employment Rate

At Graduation: 48%

After 3 months: 67%

Salary

Average salary*: $113,679

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Stevens Institute of Technology

Hoboken, NJ 07030 MS in Financial Engineering

Total Score: 56

Peer Score: 2.3

The Master in Financial Engineering (MFE) program is offered by Stevens School of Business. The three-semester program starts each fall semester.

4.45 star(s) 49 reviews

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Tuition: $56,476

Enrollment: 52 FT, 6 PT

Acceptance rate: 83.7%

Employment Rate

At Graduation: 24%

After 3 months: 94%

Salary

Average salary*: $129,694

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University of Illinois Urbana Champaign

Urbana, IL 61801 Master of Financial Engineering

Total Score: 55

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.

4.61 star(s) 38 reviews

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Tuition: $78,969

Enrollment: 49 FT

Acceptance rate: 54.2%

Employment Rate

At Graduation: 35%

After 3 months: 74%

Salary

Average salary*: $102,909

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University of Minnesota

Minneapolis, MN 55455 Master of Financial Mathematics

Total Score: 46

Peer Score: 2.0

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

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Tuition: $52,675

Enrollment: 19 FT, 1 PT

Acceptance rate: 92.1%

Employment Rate

At Graduation: 60%

After 3 months: 80%

Salary

Average salary*: $93,458

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Boston University

Boston, MA 02215 MS in Mathematical Finance and Financial Technology

Total Score: 44

Peer Score: 2.5

The three-semester program is offered by Boston University's Questrom School of Business.

3.73 star(s) 15 reviews

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Tuition: $94,904

Enrollment: 88 FT

Acceptance rate: 69.2%

Employment Rate

At Graduation: 17%

After 3 months: 40%

Salary

Average salary*: $93,381

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University of California, San Diego

La Jolla, CA 92093 Master of Quantitative Finance

Total Score: 39

Peer Score: 2.0

The UCSD Master in Finance (MFin) program is offered by the Rady School of Management.

4.50 star(s) 2 reviews

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Tuition: $79,924

Enrollment: 215 FT

Acceptance rate: 55.1%

Employment Rate

At Graduation: 16%

After 3 months: 47%

Salary

Average salary*

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University of North Carolina at Charlotte

Charlotte, NC 28223 MS in Mathematical Finance

Peer Score: 2.2

4.60 star(s) 10 reviews

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Tuition: $46,000

Enrollment: 8 FT, 4 PT

Acceptance rate: 64.5%

Employment Rate

At Graduation: 78%

After 3 months: 78%

Salary

Average salary*: $105,334

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Johns Hopkins University

Baltimore, MD 21218 Financial Mathematics MSE

Peer Score: 2.6

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

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Tuition: $99,989

Enrollment: 29 FT

Acceptance rate: 40.2%

Employment Rate

At Graduation

After 3 months

Salary

Average salary*

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Lehigh University

Bethlehem, PA 18015 MS in Financial Engineering

Peer Score: 2.1

5.00 star(s) 22 reviews

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Tuition: $57,560

Enrollment: 13 FT

Acceptance rate: 60.2%

Employment Rate

At Graduation

After 3 months

Salary

Average salary*

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Stony Brook University

Stony Brook, NY 11794 Master in Quantitative Finance

Peer Score: 2.3

4.50 star(s) 2 reviews

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Tuition: $50,872

Enrollment: 18 FT, 1 PT

Acceptance rate: 39.1%

Employment Rate

At Graduation: 25%

After 3 months: 50%

Salary

Average salary*

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Rank	Program	Total Score	Peer Score	% Employed at Graduation	% Employed at 3 months	% Employed in the US	Compensation	Cohort Size	Acceptance Rate	Tuition
^Rank 1	Princeton University Princeton, NJ 08544 Master in Finance 4.86 star(s) 7 reviews
1	Princeton University Princeton, NJ 08544 Master in Finance 4.86 star(s) 7 reviews	100	3.7	95	100	90	259.9K	35	4.32	124.8K
^Rank 2	Baruch College New York, NY 10010 Master in Financial Engineering 4.93 star(s) 29 reviews
2	Baruch College New York, NY 10010 Master in Financial Engineering 4.93 star(s) 29 reviews	99	4.2	91	100	87	200.2K	23/4	5.44	42.39K
^Rank 3	Carnegie Mellon University New York, NY 10005 \| Pittsburgh, PA 15213 MS in Computational Finance 4.69 star(s) 52 reviews
3	Carnegie Mellon University New York, NY 10005 \| Pittsburgh, PA 15213 MS in Computational Finance 4.69 star(s) 52 reviews	93	4.2	89	99	97	165.2K	101	16.8	100.6K
^Rank 4	University of California, Berkeley Berkeley, CA 94720 Master of Financial Engineering 4.17 star(s) 41 reviews
4	University of California, Berkeley Berkeley, CA 94720 Master of Financial Engineering 4.17 star(s) 41 reviews	88	3.6	79	92	83	168.2K	76/10	17.96	82.90K
^Rank 5	Massachusetts Institute of Technology Cambridge, MA 02139 Master of Finance 3.77 star(s) 26 reviews
5	Massachusetts Institute of Technology Cambridge, MA 02139 Master of Finance 3.77 star(s) 26 reviews	86	3	76	97	66	154.9K	118	8.73	125.4K
^Rank 6	Columbia University New York, NY 10027 Masters in Financial Engineering 3.18 star(s) 11 reviews
6	Columbia University New York, NY 10027 Masters in Financial Engineering 3.18 star(s) 11 reviews	85	3.6	37	100	56	152.1K	123	10.52	93.02K
^Rank 6	University of Chicago Chicago, IL 60637 MS in Financial Mathematics 4.70 star(s) 50 reviews
6	University of Chicago Chicago, IL 60637 MS in Financial Mathematics 4.70 star(s) 50 reviews	85	3.4	78	95	79	134.2K	124/6	20.86	96.82K
^Rank 8	Georgia Institute of Technology Atlanta, GA 30332 MS in Quantitative and Computational Finance 3.89 star(s) 9 reviews
8	Georgia Institute of Technology Atlanta, GA 30332 MS in Quantitative and Computational Finance 3.89 star(s) 9 reviews	80	3	93	100	89	120.5K	51	32.59	64.34K
^Rank 9	Columbia University New York, NY 10027 MA in Mathematics of Finance 4.65 star(s) 17 reviews
9	Columbia University New York, NY 10027 MA in Mathematics of Finance 4.65 star(s) 17 reviews	77	3.4	49	75	60	129.2K	102/7	22.11	98.93K
^Rank 9	Cornell University Ithaca, NY 14850 Master in Financial Engineering 4.71 star(s) 7 reviews
9	Cornell University Ithaca, NY 14850 Master in Financial Engineering 4.71 star(s) 7 reviews	77	3.2	55	84	77	140.5K	65	20.65	102.5K
^Rank 9	NYU Tandon School of Engineering Brooklyn, NY 11201 MS in Financial Engineering 3.43 star(s) 30 reviews
9	NYU Tandon School of Engineering Brooklyn, NY 11201 MS in Financial Engineering 3.43 star(s) 30 reviews	77	3	67	89	64	119.5K	146	28.11	81.58K
^Rank 12	North Carolina State University Raleigh, NC 27695 Master in Financial Mathematics 4.48 star(s) 27 reviews
12	North Carolina State University Raleigh, NC 27695 Master in Financial Mathematics 4.48 star(s) 27 reviews	74	2.3	62	100	100	122.9K	23	14.56	64.60K
^Rank 13	New York University New York, NY 10012 MS in Mathematics in Finance 4.64 star(s) 11 reviews
13	New York University New York, NY 10012 MS in Mathematics in Finance 4.64 star(s) 11 reviews	69	3.6	40	49	49	118.3K	26/4	18.31	84.96K
^Rank 14	Rutgers University Newark, NJ 07102 Master of Quantitative Finance 4.08 star(s) 13 reviews
14	Rutgers University Newark, NJ 07102 Master of Quantitative Finance 4.08 star(s) 13 reviews	67	2.5	60	87	62	111.8K	46	36.87	79.22K
^Rank 15	Fordham University New York, NY 10023 MS in Quantitative Finance 5.00 star(s) 12 reviews
15	Fordham University New York, NY 10023 MS in Quantitative Finance 5.00 star(s) 12 reviews	65	2.4	75	100	100	124.5K	39	58.93	105.5K
^Rank 16	University of Washington Seattle, WA 98195 MS Computational Finance & Risk Management 4.95 star(s) 40 reviews
16	University of Washington Seattle, WA 98195 MS Computational Finance & Risk Management 4.95 star(s) 40 reviews	62	2.5	53	72	47	111.3K	27/3	24.05	50.93K
^Rank 17	University of California, Los Angeles Los Angeles, CA 90095 Master of Financial Engineering 4.43 star(s) 42 reviews
17	University of California, Los Angeles Los Angeles, CA 90095 Master of Financial Engineering 4.43 star(s) 42 reviews	61	3.1	48	67	61	113.6K	97	32.95	93.12K
^Rank 18	Stevens Institute of Technology Hoboken, NJ 07030 MS in Financial Engineering 4.45 star(s) 49 reviews
18	Stevens Institute of Technology Hoboken, NJ 07030 MS in Financial Engineering 4.45 star(s) 49 reviews	56	2.3	24	94	94	129.6K	52/6	83.66	56.47K
^Rank 19	University of Illinois Urbana Champaign Urbana, IL 61801 Master of Financial Engineering 4.61 star(s) 38 reviews
19	University of Illinois Urbana Champaign Urbana, IL 61801 Master of Financial Engineering 4.61 star(s) 38 reviews	55	2.7	35	74	48	102.9K	49	54.18	78.96K
^Rank 20	University of Minnesota Minneapolis, MN 55455 Master of Financial Mathematics 4.71 star(s) 41 reviews
20	University of Minnesota Minneapolis, MN 55455 Master of Financial Mathematics 4.71 star(s) 41 reviews	46	2	60	80	80	93.45K	19/1	92.11	52.67K
^Rank 21	Boston University Boston, MA 02215 MS in Mathematical Finance and Financial Technology 3.73 star(s) 15 reviews
21	Boston University Boston, MA 02215 MS in Mathematical Finance and Financial Technology 3.73 star(s) 15 reviews	44	2.5	17	40	14	93.38K	88	69.19	94.90K
^Rank 22	University of California, San Diego La Jolla, CA 92093 Master of Quantitative Finance 4.50 star(s) 2 reviews
22	University of California, San Diego La Jolla, CA 92093 Master of Quantitative Finance 4.50 star(s) 2 reviews	39	2	16	47	21		215	55.15	79.92K
NR	University of North Carolina at Charlotte Charlotte, NC 28223 MS in Mathematical Finance 4.60 star(s) 10 reviews
NR	University of North Carolina at Charlotte Charlotte, NC 28223 MS in Mathematical Finance 4.60 star(s) 10 reviews		2.2	78	78	67	105.3K	8/4	64.52	46K
NR	Johns Hopkins University Baltimore, MD 21218 Financial Mathematics MSE 4.56 star(s) 9 reviews
NR	Johns Hopkins University Baltimore, MD 21218 Financial Mathematics MSE 4.56 star(s) 9 reviews		2.6					29	40.23	99.98K
NR	Lehigh University Bethlehem, PA 18015 MS in Financial Engineering 5.00 star(s) 22 reviews
NR	Lehigh University Bethlehem, PA 18015 MS in Financial Engineering 5.00 star(s) 22 reviews		2.1					13	60.23	57.56K
NR	Stony Brook University Stony Brook, NY 11794 Master in Quantitative Finance 4.50 star(s) 2 reviews
NR	Stony Brook University Stony Brook, NY 11794 Master in Quantitative Finance 4.50 star(s) 2 reviews		2.3	25	50	50		18/1	39.13	50.87K

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Published

11/20/24
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