[These are Advanced Trading's 2008 Quant School Rankings. Click here to jump to our 2012 Quant School rankings.]
Degree:Master of Science in Financial Engineering (M.S.F.E.)
Program Description:The M.S.F.E. degree falls under the School of Industrial Engineering and Operations Research. The curriculum is heavy in math and programming. On Monday nights, the program hosts Financial Engineering Practitioners Seminars, at which Wall Street and industry practitioners present seminars on their recent research or particular specialty, and where students can hear firsthand about life in the financial services world.
Term:12 classes, 1 year
Class Size:65 to 70
Placement:The program leads to positions in securities, banking, and financial management and consulting industries, or as quantitative analysts in corporate treasury and finance departments of general manufacturing and service firms.
Director:Emanuel Derman. Derman earned a Ph.D. in theoretical physics from Columbia University. He is coauthor of the widely used Black-Derman-Toy interest rate model and the Derman-Kani local volatility model. In 1985 Derman joined Goldman, Sachs & Co., where he became a managing director in 1997. In 2003 he became director of the program in financial engineering at Columbia University and also assumed the role of head of risk management at Prisma Capital Partners, an alternative investment specialist.
Who Selected the Top Ten Programs?
New York University (Courant Institute)
University of California at Berkeley