The article “2025 QuantNet Ranking of Best Financial Engineering Programs” was originally posted on QuantNet.
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 |
| Rank: 1 |
| 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. |
| Admission Tuition: $124,800 Enrollment: 35 FT |
| Employment Rate At Graduation: 95% At 3 months: 100% % Employed in the US: 90% |
| Compensation Base: $184,824 |
| Visit program’s website |
Baruch College
| New York, NY 10010 |
| Master in Financial Engineering |
| Rank: 2 |
| 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. |
| Admission Tuition: $42,395 Enrollment: 23 FT, 4 PT |
| Employment Rate At Graduation: 91% At 3 months: 100% % Employed in the US: 87% |
| Compensation Base $162,429 |
| Visit program’s website |
Carnegie Mellon University
| New York, NY 10005 | Pittsburgh, PA 15213 |
| MS in Computational Finance |
| Rank: 3 |
| 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. |
| Admission Tuition: $100,685 Enrollment: 101 FT |
| Employment Rate At Graduation: 89% At 3 months: 99% % Employed in the US: 97% |
| Compensation Base: $136,500 |
| Visit program’s website |
University of California, Berkeley
| Berkeley, CA 94720 |
| Master of Financial Engineering |
| Rank: 4 |
| 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. |
| Admission Tuition: $82,901 Enrollment: 76 FT, 10 PT |
| Employment Rate At Graduation: 79% At 3 months: 92% % Employed in the US: 83% |
| Compensation Base: $153,175 |
| Visit program’s website |
Massachusetts Institute of Technology
| Cambridge, MA 02139 |
| Master of Finance |
| Rank: 5 |
| 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. |
| Admission Tuition: $125,484 Enrollment: 118 FT |
| Employment Rate At Graduation: 76% At 3 months: 97% % Employed in the US: 66% |
| Compensation Base: $135,858 |
| Visit program’s website |
Columbia University
| New York, NY 10027 |
| Masters in Financial Engineering |
| Rank: #6 |
| 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. |
| Admission Tuition: $93,024 Enrollment: 123 FT |
| Employment Rate At Graduation: 37% At 3 months: 100% % Employed in the US: 56% |
| Compensation Base: $122,946 |
| Visit program’s website |
University of Chicago
| Chicago, IL 60637 |
| MS in Financial Mathematics |
| Rank: 6 |
| 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. |
| Admission Tuition: $96,826 Enrollment: 124 FT, 6 PT |
| Employment Rate At Graduation: 78% At 3 months: 95% % Employed in the US: 79% |
| Compensation Base: $117,122 |
| Visit program’s website |
Georgia Institute of Technology
| Atlanta, GA 30332 |
| MS in Quantitative and Computational Finance |
| Rank: 8 |
| 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. |
| Admission Tuition: $64,347 Enrollment: 51 FT |
| Employment Rate At Graduation: 93% At 3 months: 100% % Employed in the US: 89% |
| Compensation Base: $113,604 |
| Visit program’s website |
Columbia University
| New York, NY 10027 |
| MA in Mathematics of Finance |
| Rank: 9 |
| 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. |
| Admission Tuition: $98,930 Enrollment: 102 FT, 7 PT |
| Employment Rate At Graduation: 49% At 3 months: 75% % Employed in the US: 60% |
| Compensation Base: $116,444 |
| Visit program’s website |
Cornell University
| Ithaca, NY 14850 |
| Master in Financial Engineering |
| Rank: 9 |
| 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. |
| Admission Tuition: $102,570 Enrollment: 65 FT |
| Employment Rate At Graduation: 55% At 3 months: 84% % Employed in the US: 77% |
| Compensation Base: $116,875 |
| Visit program’s website |
NYU Tandon School of Engineering
| Brooklyn, NY 11201 |
| MS in Financial Engineering |
| Rank: 9 |
| Total Score: 77 Peer Score: 3.0 |
| The Master of Science in Financial Engineering (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. |
| Admission Tuition: $81,581 Enrollment: 146 FT |
| Employment Rate At Graduation: 67% At 3 months: 89% % Employed in the US: 64% |
| Compensation Base: $110,364 |
| Visit program’s website |
North Carolina State University
| Raleigh, NC 27695 |
| Master in Financial Mathematics |
| Rank: 12 |
| Total Score: 74 Peer Score: 2.3 |
| North Carolina State University (NCSU) offers a three-semester Financial Mathematics program through its Department of Mathematics. |
| Admission Tuition: $64,609 Enrollment: 23 FT |
| Employment Rate At Graduation: 62% At 3 months: 100% % Employed in the US: 100% |
| Compensation Base: $116,000 |
| Visit program’s website |
New York University
| New York, NY 10012 |
| MS in Mathematics in Finance |
| Rank: 13 |
| 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. |
| Admission Tuition: $84,969 Enrollment: 26 FT, 4 PT |
| Employment Rate At Graduation: 40% At 3 months: 49% % Employed in the US: 49% |
| Compensation Base: $104,175 |
| Visit program’s website |
Rutgers University
| Newark, NJ 07102 |
| Master of Quantitative Finance |
| Rank: 14 |
| 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. |
| Admission Tuition: $79,221 Enrollment: 46 FT |
| Employment Rate At Graduation: 60% At 3 months: 87% % Employed in the US: 62% |
| Compensation Base: $108,343 |
| Visit program’s website |
Fordham University
| New York, NY 10023 |
| MS in Quantitative Finance |
| Rank: 15 |
| 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. |
| Admission Tuition: $105,575 Enrollment: 39 FT |
| Employment Rate At Graduation: 75% At 3 months: 100% % Employed in the US: 100% |
| Compensation Base: $117,000 |
| Visit program’s website |
University of Washington
| Seattle, WA 98195 |
| MS Computational Finance & Risk Management |
| Rank: 16 |
| 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. |
| Admission Tuition: $50,930 Enrollment: 27 FT, 3 PT |
| Employment Rate At Graduation: 53% At 3 months: 72% % Employed in the US: 47% |
| Compensation Base: $109,276 |
| Visit program’s website |
University of California, Los Angeles
| Los Angeles, CA 90095 |
| Master of Financial Engineering |
| Rank: 17 |
| 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. |
| Admission Tuition: $93,120 Enrollment: 97 FT |
| Employment Rate At Graduation: 48% At 3 months: 67% % Employed in the US: 61% |
| Compensation Base: $110,054 |
| Visit program’s website |
Stevens Institute of Technology
| Hoboken, NJ 07030 |
| MS in Financial Engineering |
| Rank: 18 |
| 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. |
| Admission Tuition: $56,476 Enrollment: 52 FT, 6 PT |
| Employment Rate At Graduation: 24% At 3 months: 94% % Employed in the US: 94% |
| Compensation Base: $112,460 |
| Visit program’s website |
University of Illinois Urbana Champaign
| Urbana, IL 61801 |
| Master of Financial Engineering |
| Rank: 19 |
| 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. |
| Admission Tuition: $78,969 Enrollment: 49 FT |
| Employment Rate At Graduation: 35% At 3 months: 74% % Employed in the US: 48% |
| Compensation Base: $98,136 |
| Visit program’s website |
University of Minnesota
| Minneapolis, MN 55455 |
| Master of Financial Mathematics |
| Rank: 20 |
| Total Score: 46 Peer Score: 2.0 |
| The program is offered by Minnesota Center for Financial and Actuarial Mathematics, a specialized center for quantitative finance within the School of Mathematics. |
| Admission Tuition: $52,675 Enrollment: 19 FT, 1 PT |
| Employment Rate At Graduation: 60% At 3 months: 80% % Employed in the US: 80% |
| Compensation Base: $91,500 |
| Visit program’s website |
Boston University
| Boston, MA 02215 |
| MS in Mathematical Finance and Financial Technology |
| Rank: 21 |
| Total Score: 44 Peer Score: 2.5 |
| The three-semester program is offered by Boston University’s Questrom School of Business. |
| Admission Tuition: $94,904 Enrollment: 88 FT |
| Employment Rate At Graduation: 17% At 3 months: 40% % Employed in the US: 14% |
| Compensation Base: $90,833 |
| Visit program’s website |
University of California, San Diego
| La Jolla, CA 92093 |
| Master of Quantitative Finance |
| Rank: 22 |
| Total Score: 39 Peer Score: 2.0 |
| The UCSD Master in Finance (MFin) program is offered by the Rady School of Management. |
| Admission Tuition: $79,924 Enrollment: 215 FT |
| Employment Rate At Graduation: 16% At 3 months: 47% % Employed in the US: 21% |
| Compensation Base: $63,653 |
| Visit program’s website |
University of North Carolina at Charlotte
| Charlotte, NC 28223 |
| MS in Mathematical Finance |
| Not ranked |
| Peer Score: 2.2 |
| Admission Tuition: $46,000 Enrollment: 8 FT, 4 PT |
| Employment Rate At Graduation: 78% At 3 months: 78% % Employed in the US: 67% |
| Compensation Base: $100,000 |
| Visit program’s website |
Johns Hopkins University
| Baltimore, MD 21218 |
| Financial Mathematics MSE |
| Not ranked |
| 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. |
| Admission Tuition: $99,989 Enrollment: 29 FT |
| Visit program’s website |
Lehigh University
| Bethlehem, PA 18015 |
| MS in Financial Engineering |
| Not ranked |
| Peer Score: 2.1 |
| Admission Tuition: $57,560 Enrollment: 13 FT |
| Visit program’s website |
Stony Brook University
| Stony Brook, NY 11794 |
| Master in Quantitative Finance |
| Not ranked |
| Peer Score: 2.3 |
| Admission Tuition: $50,872 Enrollment: 18 FT, 1 PT |
| Employment Rate At Graduation: 25% At 3 months: 50% % Employed in the US: 50% |
| Visit program’s website |
Visit QuantNet for additional insights.
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