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Rutgers University (Mathematical Finance)

Quality
0.44
Post-master’s salaries
Mean: $87,000 median: $87,500
% of teaching conducted remotely
100%
Url
https://www.risk.net/quantitative-finance/7723381/quant-guide-2021-rutgers-university
Teaching staff
10
Salary ($)
87000
Description
For Rutgers University’s three-semester Master’s in Mathematical Finance programme, the coronavirus arrived at the best possible time: in the middle of the programme’s annual spring break. With the campus already deserted, says senior programme co-ordinator Ana Mastrogiovanni, the transition to online delivery was rapid. “We had to go from in-class instruction to online courses with less than a week’s notice,” she says. “We got lucky, since students were off at the time.” The situation is far from ideal: no-one is thrilled about the move to virtual teaching, Mastrogiovanni adds – 100% of classes and examinations now take place online, and, “in general, the students are not finding the online courses to be as effective as the in-class courses”. Internships have been cancelled entirely for the programme’s autumn semester, she says, which hasn’t happened “in a very long time”. Of course, some level of student dissatisfaction is inevitable — few students will have anticipated their studies taking place during a pandemic. The programme has worked hard to make the online offering as accessible as possible, Mastrogiovanni adds: if a student misses a live class due to scheduling conflicts or time zones, lectures are available to view on demand. Virtual office hours with faculty members have also been rescheduled to accommodate students in all regions. On a more positive note, the programme reports a strong upward trend in graduate salaries for this edition of the Quant Guide. The average base pay for a Master’s in Mathematical Finance graduate is now $87,000, up from last year’s figure of $70,200. Modules this year include a broad range of compulsory and optional classes: electives may be taken from among courses offered by the mathematics, statistics, computer science, and electrical and computer engineering departments. In some limited cases, students may also take electives from the business department.
Rank
13
Offers accepted
17
Programme director
Paul Feehan
Address
Piscataway, New Jersey, US
Title
Quant Guide 2021: Rutgers University
Applications received
116
Full-time students
15
Accept. rate
0.49
salary_descrepancy
4400
Visiting staff teaching hours
5 hours per week
sheetnames
Master’s in Mathematical Finance
Academia
0.11
Students accepting
0.53
Class size
17
Staff to Students
0.67
peer_assessment
2.5
Average Citations
564.2
Programme duration
Three 15-week semesters
Homework hours
4 hours per week per 3-credit course
Offers made
57
Application deadline date
Empty
tuition
55310
employment_descrepancy
0.23
Average class size
17
Most-cited lecturers
Norman Swanson: 2194 citations Kasper Larsen: 247 citations Triet Pham: 34 citations Wujun Zhang: 310 citations Kim Weston: 36 citations
Ranking
264
Other
0.22
Consulting
0.05
Industry-affiliated teaching staff
4
Graduates employed in
Banking: 15% asset management: 26% consulting: 5% fintech: 21% academia: 11% other: 22%
emplm_rate_grad
0.6
Industry-affiliated lecturers
0.33
International students
12
class_descrepancy
0
% of take-home/remote exams
100%
emplm_rate_3_month_aft
0.56
Remuneration
0.16
avr_start_salary_bonus
82600
Employment rate
0.95
Teaching hours
12 hours per week
Reputation
0.47
Part-time students
2
cohort_size
17
Asset Management
0.26
Gender balance of teaching staff
90% male, 10% female
Banking
0.15
missing_data
9
avr_gre_quant
168
Website
https://finmath.rutgers.edu/
Fintech
0.21
Fees
$33,590 for state residents $55,310 for non-state residents
Final
0.36
Gender balance of students
59% male, 41% female
Empl. rate
0.79
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