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Hey everyone! I am wondering which one should I choose. Columbia University is a big name and it locates in NYC. However, I heard the reputation of their Statistics program is not that good in recent years. I really like University of Michigan, it has relatively small class size (about 30) and the school overall has a good reputation. But Quantitative Finance and Risk Management (QFRM) is a new program (opened in 2015) and its location is not as good as Columbia's. The key parameter I am considering is job placement. Thank you for your help!