[These are Advanced Trading's 2008 Quant School Rankings. Click here to jump to our 2012 Quant School rankings.]

New York University
(Courant Institute)

Master of Science of Mathematics in Finance (M.S.M.F.)

Program Description:
The program has a strong pragmatic component, including practically oriented courses and student mentoring by finance professionals. The faculty includes members of the National Academy of Science and the National Academy of Engineering; and winners of the National Medal of Science, the Kyoto Prize and recognition from the National Science Foundation. About 10 percent of program applicants are accepted.


Program Age:

12 courses, 1 year

Class Size:
35 full-time, 90 to 100 part-time

Nearly 100 percent job placement over the past two years. Students typically place in research, trading, asset management or risk management groups at firms such as Goldman Sachs, JPMorgan Chase, Merrill Lynch, BlackRock and BNP Paribas.

Web Site:

Peter Carr. Carr currently is head of quantitative research at Bloomberg LP and has been the director of the NYU master’s program in mathematical finance since 2003. He headed equity derivatives research groups for six years at Banc of America Securities and Morgan Stanley. He received his Ph.D. in finance from UCLA in 1989 and is credited with coinventing the variance gamma model, inventing static and semistatic hedging of exotic options, and popularizing variance swaps and corridor variance swaps.

Who Selected the Top Ten Programs?

Carnegie Mellon University

Columbia University

Cornell University

New York University (Courant Institute)

Princeton University

Rutgers University

Stanford University

University of California at Berkeley
(Haas School of Business)

University of Chicago

University of Michigan

Honorable mentions:
Baruch College
Boston University
Georgia Institute of Technology
University of Toronto

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