(New York, NY, October 5, 2009) The Baruch College Master’s degree program in Financial Engineering has been ranked among the top ten in the 2009 QuantNetwork Ranking of Financial Engineering/Mathematical Finance MS Programs in North America.

MFE and MS degrees in financial engineering and mathematical finance are relatively recent additions to college curricula and only about 70 such programs exist nation-wide. The rankings were made using a proprietary analysis algorithm developed by QuantNetwork. A ranking of U.S. business schools using the same methodology was similar to the U.S. News & World Report ranking of business schools.

A total of 23 programs were ranked in groups of five. Baruch College’s MS in Financial Engineering was ranked alphabetically in the second tier along with comparable programs at Columbia, Cornell, NYU and the University of California at Berkeley.

The highly selective Baruch College MFE program was established in 2002 and is housed in the Weissman School of Arts and Sciences. The program is directed at students with top-notch quantitative and analytical skills and combines coursework in finance, computer science, and mathematics. Graduates of the program typically pursue careers involving sophisticated financial modeling.

According to Dan Stefanica, director of the MFE program, this year’s MFE class is “more competitive than ever,” with 29 students admitted and 24 enrolled in fall 2009, from an applicant pool of 353. This represents an 8 percent admissions rate and an 83% yield of accepted students. Students entering the program this year come from across the world, including top universities in India, Romania, Ukraine, and Singapore as well as the United States.

QuantNetwork is the top destination for prospective students seeking information and advice about pursuing graduate studies in financial engineering. QuantNetwork works with education and professional partners to provide its members with career and study opportunities in the financial engineering field.

Located in the heart of Manhattan, Baruch College is the home of the Zicklin School of Business, the Weissman School of Arts and Sciences, and the School of Public Affairs. Baruch has an enrollment of approximately 16,000 and is ranked among the top 15% of colleges in the nation by The Princeton Review.

Contact: Zane Berzins