"What Are the Best US Colleges to Land a Job in Quant Finance?"
June 17, 2024
Worthwhile question but I have some quibbles with the answer:
- The ranking compares only Financial Engineering and Quantitative Finance master's programs not MBAs. I presume some MBAs also get jobs in quant finance.
- The compensation measure is "Base + sign-on bonus," so no fringe benefits or annual bonuses are included.
- That compensation is not adjusted for cost-of-living differences among where the graduates take jobs. (Yes, difficult to do, but New York City $ and Indianapolis $, for example, would be drastically different.)
- I wonder if "employment % of graduation day" is the best indicator of job market success. (The original source also has data on "employment rate after 3 months". The two measures could well be highly correlated, but other things equal I think I'd prefer the latter.)
- No explanation if offered for the two outliers.