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Rutgers ranks among QuantNet's best financial engineering programs

QuantNet badge 2024In its annual report on the “Best Financial Engineering Programs,QuantNet ranked Rutgers Business School’s Master of Quantitative Finance (MQF) Program No. 17 in the U.S. [see rankings].

After graduating its largest class of students in its history (84 graduates) and amidst fierce competition, the MQF program achieved 89% job placement three months after graduation with an average starting salary of over $106,000; see critical factors in the rankings [see methodology].

QuantNet’s “placement success” (55%) was derived from combining four significant measurements: employment rate at graduation, three months after graduation, average salary and sign-on bonus, and an employer survey score. Employers identified the financial engineering programs graduating applicants they interviewed or hired in the last two years.

For peer assessment (25%), each program director ranked all the programs in this year’s ranking. Student selectivity (20%) was based on undergraduate grade point averages and program acceptance rates.

“The MQF program equips students with the strong quantitative foundation needed to thrive in quantitative finance careers,” said Julian Moreno, MQF ’22, Quantitative Risk Analyst at Citigroup. “Its dynamic curriculum addresses the evolving demands of the quant workforce, preparing students for a smooth transition into professional practice.”

Professor and Director of Master of Quantitative Finance Yangru Wu said, “Our program prepares graduates for the interdisciplinary, technologically sophisticated quant careers of today and the future.”

Ronnee Ades, assistant professor of professional practice, stated, “The overall demand for people with a quantitative finance degree has grown over the last five years. Students from the Rutgers Business School Master of Quantitative Finance program are securing good jobs at banks, asset management firms, hedge funds, insurance companies, exchanges, research houses and data providers. Our program provides education in core subjects that incorporate math, statistics, coding, stochastic processes, numerical methods and more. At the same time, we offer an array of electives allowing students to focus on practical, contemporary topics in preparation for quant positions after graduation.”

The new ranking placed Rutgers MQF No. 1 in the Big Ten and No. 7 among public universities in the nation. Now in its 14th year, the QuantNet ranking is considered the most authoritative and comprehensive ranking of the best Financial Engineering (MFE), Quantitative Finance, and Mathematical Finance programs in the U.S.

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