If you aspire to be a quant, you should be aware of the Baruch Masters in Financial Engineering (MFE). As we’ve noted often, the Baruch course is low-priced (fees are $29k for New York state residents and $42k for everyone else, including international students), and can result in some of the highest paying quant jobs in financial services.
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How high paying? Last time we looked, which was December 2023, some Baruch graduates were earning $1m. This is still the case, although it has never been the norm. In the first year post-graduation, median pay for Baruch graduates is $225k. Five years after graduation, the median now ranges from around $130k to $325k, depending upon your role.
The chart below is based on Baruch’s newly released employment report for its MFE students five years after graduating. The figures aren’t exact but are based upon our approximate readings of Baruch’s bar charts.