UNIVERSITY OF CALIFORNIA, LOS ANGELES · UNITED STATES
Master of Financial Engineering (MFE)
Master's · Taught in en
At a glance
12 mo
Duration
—
IELTS
€31k
Tuition / yr
en
Language
Master's
Level
- Quantitative-focused curriculumFocus Areas
- Hands-on coding in Python and RTechnical Skills
- Application of machine learning in financeModern Techniques
- Development of independent alpha strategiesInvestment Approach
- Expert faculty with industry experienceInstruction
The Master of Financial Engineering (MFE) program at UCLA Anderson School of Management offers a rigorous curriculum designed to equip students with advanced quantitative skills for careers in the financial industry. The program focuses on developing expertise in areas such as financial risk management, statistical arbitrage, data analytics, machine learning, and fixed income markets. Graduates are prepared to tackle complex financial challenges using cutting-edge analytical tools and methodologies. The MFE program emphasizes practical application and provides students with the skills to develop their own analytical strategies.
Curriculum
The MFE program delves into core areas of financial engineering with a strong emphasis on quantitative methods and practical applications. The curriculum includes foundational concepts, advanced modeling techniques, and the use of programming languages like Python and R for data analysis and research.
- Academic Year 2022-2023
- Financial Risk ManagementMFE 409
- Statistical ArbitrageMFE 431
- Data Analytics and Machine LearningMFE 431
- Empirical Methods in FinanceMFE 407
- Fixed Income MarketsMFE 408
- Introduction to Stochastic CalculusMFE xxx
Careers
Graduates of the MFE program are well-prepared for a wide range of quantitative roles in the financial services industry, including investment banking, asset management, hedge funds, and financial technology firms. The program's strong emphasis on analytical skills and practical application makes graduates highly sought after by employers.
- Quantitative Analyst (Quant)
- Risk Manager
- Portfolio Manager
- Financial Engineer
- Data Scientist
- Trader
Frequently asked questions
- What are the tuition fees for international students in the Master of Financial Engineering (MFE) program?
- Annual tuition for non-California residents is approximately $36,297. Please note that tuition and fees are subject to change, and it is advisable to check the UCLA Registrar's Annual Fees for Graduate Programs for the most current information.
- What are the general application deadlines for the MFE program?
- The application deadline for Fall intake is December 15th. The deadline for financial support applications is also December 15th.
- What are the typical career outcomes for MFE graduates?
- Graduates are well-prepared for roles such as Quantitative Analyst, Risk Manager, Portfolio Manager, Financial Engineer, and Data Scientist in the financial services industry.
- What academic qualifications are required for admission?
- A strong undergraduate record in a quantitative field and a Bachelor's Degree are typically expected for admission. Specific GPA and prerequisite coursework should be confirmed on the official UCLA Anderson MFE program website.
- Does the program require English proficiency tests for international students?
- Yes, English proficiency tests such as TOEFL or IELTS are generally required, though specific score requirements are not listed and competitive scores are usually expected.
- What kind of financial support is available for MFE students?
- Merit-based financial support, including fellowships and assistantships, is available for students with high academic achievement and is typically awarded through departmental committees. Applications for this support have a deadline of December 15th.
Entry requirements
Bachelor's DegreeA strong undergraduate record in a quantitative field is typically expected for admission to the MFE program.
TOEFL/IELTSNot specified, but competitive scores are generally required for international applicants.
Specific admission requirements, including GPA and prerequisite coursework, should be confirmed on the official UCLA Anderson MFE program website.
Fees
Tuition (international)Approximately $36,297 annually for non-California residents.
Tuition (home)Approximately $21,115 annually for California residents.
LivingNot specified.
Tuition and fees are subject to change. Professional and self-supporting degrees may have different fee structures. For the most accurate and up-to-date information, refer to the UCLA Registrar's Annual Fees for Graduate Programs.
How to apply
1. Check Application StatusVisit the UCLA Graduate Admissions website and the MFE program page for the most current application information and requirements.
2. Prepare Application MaterialsGather all necessary documents, including transcripts, letters of recommendation, statement of purpose, and standardized test scores (if required).
3. Submit ApplicationComplete and submit the online application by the specified deadline. Ensure all supporting documents are uploaded or sent as instructed.
4. Application ReviewApplications are reviewed by the MFE admissions committee.
5. Decision NotificationAdmitted students will be notified by the university.
Scholarships
Merit-based financial support (Fellowships, Teaching Assistantships, Graduate Student Researcher positions)Varies
Financial Aid & Scholarships Office (Loans, Grants, Work-Study)Varies
Frequently asked questions
What are the tuition fees for international students in the Master of Financial Engineering (MFE) program?
+
Annual tuition for non-California residents is approximately $36,297. Please note that tuition and fees are subject to change, and it is advisable to check the UCLA Registrar's Annual Fees for Graduate Programs for the most current information.
What are the general application deadlines for the MFE program?
+
The application deadline for Fall intake is December 15th. The deadline for financial support applications is also December 15th.
What are the typical career outcomes for MFE graduates?
+
Graduates are well-prepared for roles such as Quantitative Analyst, Risk Manager, Portfolio Manager, Financial Engineer, and Data Scientist in the financial services industry.
What academic qualifications are required for admission?
+
A strong undergraduate record in a quantitative field and a Bachelor's Degree are typically expected for admission. Specific GPA and prerequisite coursework should be confirmed on the official UCLA Anderson MFE program website.
Does the program require English proficiency tests for international students?
+
Yes, English proficiency tests such as TOEFL or IELTS are generally required, though specific score requirements are not listed and competitive scores are usually expected.
What kind of financial support is available for MFE students?
+
Merit-based financial support, including fellowships and assistantships, is available for students with high academic achievement and is typically awarded through departmental committees. Applications for this support have a deadline of December 15th.