8/1/2023 0 Comments Quant university![]() ![]() “I replaced the adjuncts with regular faculty,” he says matter-of-factly. When Mikhail Chernov took over as the academic director of UCLA’s financial engineering programme in July 2015, he immediately started firing people. bears no responsibility for any inaccurate metrics, or their impact on a university’s position in the guide.Master of Financial Engineering | metrics table at end of article The ranking, as well as the guide, relies on the figures provided by the institutions to be accurate. Where that was not possible, the number of citations is considered as zero. Where possible, these figures were sourced from Google Scholar. Not all institutions provided the number of citations for their lecturers. Institutions that submitted insufficient data have not been considered. In order for an institution to be considered for this ranking, it needed to provide sufficient data for the calculation of the final score. The average number of students per class and the programme’s acceptance rate – an indicator of the selectivity of a programme – contribute negatively to the final score so the lower they are, the higher its final score. The eight variables and the respective weights are:ġ0% – Percentage of offer-holders who enrol ĥ% – Ratio between lecturers and students ġ0% – Number of industry-affiliated lecturers over the total number of lecturers ģ0% – Employment rate in finance sector six months after graduation ĥ% – Number of citations for the five most cited lecturers in the past four years Ģ5% – Average salary six months after graduation, adjusted for the purchasing power conversion factor provided by the World Bank. The methodology used for this year’s ranking is very similar to that used for the 2019 ranking, with two metrics modified and some weightings updated: instead of the ‘total number of students’ metric used in 2019, this year average class size was considered instead, with smaller average class sizes weighting more favourably and instead of the absolute number of industry-affiliated lecturers, the ratio between that number and the total number of lecturers was considered, which describes the contribution of industry practitioners to the programme more accurately. The institution with the highest score takes the top position in the ranking. The total score is the sum of the eight standardised metrics. These have been standardised with respect to the total pool of entries, and a weight has been assigned to each to reflect their contribution to the final score. To compile the ranking of the top 25 programmes, we considered eight metrics. Editing by Alex Krohn, Louise Marshall, Joan O’Neill and Tom Osborn. If the table is not displaying properly, click here for a pop-out version ![]() The guide should not be relied on for advice – but we hope it proves helpful to would-be master’s students, their teachers, and their future employers.Ĭlick on universities in the table below for full course details. We will gladly consider feedback in this regard. bears no responsibility for exceptions, oversights or omissions. We are once again grateful for the help of programme directors and faculty administrators when collecting data. The list of programmes is non-exhaustive and programmes that failed to provide updated statistics were not included in the 2020 edition. Programmes whose focus is on other subjects – corporate finance, management or statistics – which may still feature quantitative finance courses, have not been considered here. The guide covers only master’s programmes in which the teaching of quantitative finance is central. Five programmes from Asia-Pacific also feature in this year’s guide, including City University of Hong Kong’s MSc Financial Engineering programme, which makes its debut, as does the Chinese University of Hong Kong, Shenzhen’s Master of Science in Financial Engineering – the first institution based in mainland China to feature in the guide.Īs before, the rankings give particular weight to average graduate salaries and, in a slight tweak to the methodology this year, slightly more prominence is given to a strong graduate employment rate (jump to Ranking methodology below for details). US programmes continue their dominance in this year’s rankings, but the overall make-up is more diverse: eight of the top 25 programmes are European, while another two are Canadian. Of these, 25 have been ranked according to set criteria including a programme’s selectivity, its research power, and its faculty’s links with the financial industry, among others (jump to How to read the metrics tables). Welcome to the latest edition of ’s guide to the world’s leading quantitative finance master’s programmes, and ranking of the top 25 courses.įifty programmes ( full list below) feature in the 2020 edition of the guide. Click HERE to view the 2021 edition of the Guide ![]()
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