[These are Advanced Trading's 2008 Quant School Rankings. Click here to jump to our 2012 Quant School rankings.]
Degree:Rutgers University offers two quantitative-focused programs. The Master of Science in Quantitative Finance (M.Q.F.) and the Master of Science in Mathematics with Option in Mathematical Finance (M.S.M.F.).
Program Description:M.S.M.F. - The Master of Science in Mathematics with Option in Mathematical Finance (M.S.M.F.), integrates theoretical foundations with practical applications to quantitative finance. The program prepares graduates for careers in financial modeling and software development, risk management, trading desk support, and portfolio management at investment banks, hedge funds, and asset management firms. The program is led by the Department of Mathematics, with core courses in Mathematics, Statistics, and Computer engineering; electives are offered by the Business School, the Departments of Computer Science, Economics, and Operations Research.
M.Q.F. - This program provides a balance between quantitative skills and financial knowledge. Firms including ABN, Barclays, Citi and JPMorgan have hired graduates for positions as analysts, risk managers and modelers. The program's executive board includes top Wall Street executives.
Program Age:M.S.M.F. - First class was admitted Fall 2006; the M.S.M.F. graduate program is beginning its third year.
M.Q.F. - NA
Term:M.S.M.F. - Three full-time semesters, thirty credit hours. Full-time students are admitted fall only.
M.Q.F. - 17 courses, 2 years
Class Size:M.S.M.F. - Maximum of fifty
M.Q.F. - 30
Placement:M.S.M.F. - 100%
M.Q.F. - Program graduates are placed in Wall Street firms such as banks, hedge funds, mutual funds, pension funds, insurance companies, consulting companies and even financial software firms.
Web Site:M.S.M.F. - www.finmath.rutgers.edu
M.Q.F. - www.business.rutgers.edu/default.aspx?id=341
Director:M.S.M.F. - Paul Feehan. Feehan is an Associate Professor of Mathematics and the Director and Founder of the Mathematical Finance Master's Degree Program at Rutgers University. In 2004, he was awarded a grant by the Division of Mathematical Sciences at the National Science Foundation to encourage collaborative academic-industry research in mathematical finance and graduate-level education. While on leave from Rutgers University, he worked as a researcher in the Quantitative Financial Research group at Bloomberg LP and then in the Quantitative Research group at JP Morgan. He is currently the Program Director for the Financial Mathematics and Engineering Activity Group in the Society for Industrial and Applied Mathematics (SIAM). He joined Rutgers as an Associate Professor in 2001. He received his PhD in Mathematics from Columbia University in 1992.
M.Q.F. - Yangru Wu. Wu received a Ph.D. from Ohio State University in 1993. He has held assistant professor positions at the Chinese University of Hong Kong and West Virginia University. Wu's research interest areas are international finance and empirical asset pricing.
Who Selected the Top Ten Programs?
New York University (Courant Institute)
University of California at Berkeley