2023 QuantNet Ranking of Best Financial Engineering Programs


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The 2023 QuantNet ranking of Financial Engineering, Quantitative Finance masters programs in the US provides detailed information on placement and admission statistics from top programs in the country, making it uniquely valuable to the quant finance community at large.

The 2023 QuantNet ranking is best positioned to help prospective applicants decide where to apply and enroll in these master quantitative programs.

2023 Rankings Methodology

Join a discussion on 2023 ranking. Last ranking (2022)

RankProgramTotal scorePeer assessmentEmployment Rate at GraduationEmployment Rate 3-Months after GraduationEmployment Rate 3-Months after Graduation (US only)Average starting base salary plus sign-on bonus (US only)TuitionCohort Size
1Baruch College, City University of New York
Financial Engineering 
New York, NY
1004.2100%100%88%$169,516$42,395 (non-resident) $28,670 (resident)22 FT, 3 PT
2Princeton University
Master in Finance 
Princeton, NJ
973.9100%100%75%$199,000$114,820 (two-year program)25 FT
3University of California, Berkeley
Financial Engineering 
Berkeley, CA
934.088%100%87%$169,634$78,14278 FT, 7 PT
4Carnegie Mellon University
Computational Finance 
Pittsburgh, PA/New York, NY
914.188%96%88%$132,291$92,53496 FT
5Columbia University
Mathematics of Finance 
New York, NY
873.487%100%58%$136,121$90,304103 FT, 4PT
6Massachusetts Institute of Technology
Master of Finance 
Cambridge, MA
863.290%100%61%$139,697$117,044123 FT
7Cornell University
MEng, FE concentration 
Ithaca, NY
823.780%100%60%$130,200$93,68457 FT
7New York University
Mathematics in Finance 
New York, NY
823.875%100%100%$110,931$73,00046 FT, 2 PT
9Columbia University
Financial Engineering 
New York, NY
803.840%65%65%$118,781$85,03295 FT
9NYU Tandon School of Engineering
Financial Engineering 
Brooklyn, NY
803.376%94%68%$117,150$79,674153 FT, 2 PT
9University of California, Los Angeles
Financial Engineering 
Los Angeles, CA
803.595%100%92%$122,662$85,27688 FT
12University of Chicago
Financial Mathematics 
Chicago, IL
793.491%96%85%$128,395$88,18391 FT, 10 PT
13North Carolina State University
Financial Mathematics 
Raleigh, NC
782.785%100%100%$131,229$61,359 (non-resident) $32,550 (resident)33 FT
14Georgia Institute of Technology
Quantitative and Computational Finance 
Atlanta, GA
723.191%100%100%$114,780$60,228 (non-resident) $28,638 (resident)50 FT, 1 PT
15University of Washington
Computational Finance & Risk Management 
Seattle, WA
693.087%100%100%$91,945$46,71536 FT, 7 PT
16Rutgers University
Quantitative Finance 
Newark, NJ
663.150%91%72%$100,442$66,783 (non-resident) $43,382 (resident)64 FT
17Johns Hopkins University
Financial Mathematics 
Baltimore, MD
642.567%100%100%$101,569$91,62733 FT
18Boston University
Mathematical Finance 
Boston, MA
613.244%73%53%$94,218$93,48389 FT
19Stevens Institute of Technology
Financial Engineering 
Hoboken, NJ
552.460%98%98%$99,443$51,96628 FT, 5 PT
20Fordham University
Quantitative Finance 
New York, NY
532.635%65%50%$101,607$77,74316 FT
NRClaremont Graduate University
Financial Engineering 
Claremont, CA
2.350%75%75%*$82,467 (non-resident), $80,310 (resident)5 FT
NRLehigh University
Financial Engineering 
Bethlehem, PA
2.5100%100%100%*$45,30013 FT, 1 PT
NROklahoma State University
Quantitative Finance 
Stillwater, OK
2.4n/an/an/an/a$12,0127 FT
NRRutgers University
Financial Statistics and Risk Management 
New Brunswick, NJ
2.450%100%100%*$56,100 (non-resident) $33,850 (resident)9 FT, 1 PT
NRRutgers University
Mathematical Finance 
New Brunswick, NJ
3.025%75%63%*$65,077 (non-resident) $40,611 (resident)9 FT
NRStony Brook University
Quantitative Finance 
Stony Brook, NY
2.5n/an/an/an/a$44,892 (non-resident) $26,501 (resident)24 FT
NRUniversity of Illinois
Financial Engineering 
Urbana, IL
2.847%89%32%*$78,483 (non-resident), $59,208 (resident)27 FT
NRUniversity of Minnesota
Financial Mathematics 
Minneapolis, MN
2.670%90%90%*$49,420 (non-resident), $39,480 (resident)14 FT, 4 PT
NRUniversity of North Carolina at Charlotte
Mathematical Finance 
Charlotte, NC
2.550%73%73%$103,000$42,826 (non-resident) $21,608 (resident)13 FT, 4 PT

 Visit https://quantnet.com/mfe-programs-rankings/ to find out more about eligible STEM degree as designated by DHS for the OPT purpose.

NR: Programs that did not provide placement data or salary information meeting a minimum threshold were denoted as NR (not ranked).

* Not enough data available.
Employment rate 3-months after Graduation (US only): Percentage of graduates seeking employment who were employed in the US 3 months after graduation.

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