In these challenging times on Wall Street, traders are relying ever-increasingly on complex mathematics to access liquidity. Using advanced algorithms to trade more effectively has quantitative analysts in high demand. With that in mind, Advanced Trading magazine recently picked Carnegie Mellon's Tepper School of Business among the "Top 10 Quant Schools." Joining Carnegie Mellon are Columbia, Cornell, Michigan, New York University, Princeton, Rutgers, Stanford, University of California at Berkeley, and the University of Chicago.

—CHRIS A. WEBER