, Programs, Tuition Fees & Entry Requirements 2022-2023

UCLA Master in Financial Engineering Fees, Eligibility, Admission & Deadlines

Los Angeles, CaliforniaLocation
UniversitySchool type
Estd1919established year
43800enrollment
Public
8.3/10

Master of Science [M.S] (Financial Engineering)

15 month
Full Time
On Campus

Field of Study

65,904/Yr

65,904 /Yr
  • Master of Financial Engineering at the University of California Los Angeles is a 15 months program.
  • It is an on-campus program offered on a full-time basis.
  • UCLA Anderson is one of the few top-tier business schools worldwide to offer the MFE degree.
  • The dynamic curriculum, taught by a world-renowned finance faculty, merges technical and theory-based pedagogy with practical immersion through a summer internship and a corporate-sponsored applied finance project.
  • Students earn 70 units through coursework and the hands-on Applied Finance Project
  • The student-faculty ratio of the program is 3:1.
  • During the summer quarter, MFE students work on a required Internship.
  • Students have to complete a 7 months research project and it consists of 4 students per team.
  • The job placement rate (6 Months) of UCLA is 94%.
  • The recently hiring organizations are Barclays Capital, BlackRock, Goldman Sachs, Google, Moody's, Morgan Stanley, New York Federal Reserve, PIMCO, Research Affiliates, and Thomson Reuters.
  • With the help of the MFE program, student's quantitative skills can help to solve the complex and creative challenges of today’s financial markets. University prepares graduates careers in:
    • Risk Management
    • Money Management
    • Derivative Pricing
    • Private Equity
    • Data Analytics
    • Technical Operational Areas of Corporate Finance

Tuition Fees

Year1st Year Fees
Tuition Fees65904

Other Expenses

HeadAvg Cost Per Year
Room and Food (On-Campus)17599
Room and Food (Off-Campus)15240
Health Insurance4714
Books and supply627
Other Fees6627
Total Cost44807

Eligibility & Entry Requirement

Academic Eligibility:

  • Students must complete a bachelor's degree or equivalent from a recognized institution.
  • A GPA of 3.75 out of 4.0 is required in the last two years of undergraduate coursework.
  • computational programming skills (for example, C++) are required and students must have familiarity with computers as computational and management tools.
  • Students must possess a strong quantitative background, including coursework in linear algebra, multivariate calculus, differential equations, numerical methods, advanced statistics, probability, and have strong communication skills.

Work Experience:

  • Students may have work or research experience in a quantitative discipline (recommended but not required).
  • Students have experience with statistical and econometric applications (recommended).

Indian Student Eligibility:

Indian students are eligible to apply if they meet one of the following eligibility criteria:

  • Students must complete a 4-year undergraduate degree with first class in a relevant field from a recognized institution
  • Or, students completed a master's degree with first-class in a relevant field from a recognized institution.

Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test to get admission to this program.


Scores Required

7 / 9

Avg. Score in

IELTS

87 / 120

Avg. Score in

TOEFL

326 / 340

Avg. Score in

GRE


Required Document List

The following required documents are:

  • Resume: Outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
  • Academic Records: Scanned copies of transcripts from all educational institutions attended must be uploaded in the online application.
  • Two Letter of Recommendation: A recommendation letter should include information about the student, their connection with the person they are recommending, why they are qualified, and the specific skills they have.
  • Statement of Purpose - This is an essay or any written statement written by the student while applying.
  • Interview: Interviews are conducted on an invitation-only basis. Once an application is completed, the Admissions Committee may request an interview with a prospective student.
  • ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

Career and Placement after Course

Possible career opportunities are:

  • Risk Analyst
  • Quantitative Analyst
  • Derivatives Traders
  • Quantitative Research Associate
  • Desk Strategist
  • Operations Analyst
  • Investment Data Engineer
  • Model Risk Consultant

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Chuan Ai Lu Engstrom Memorial ScholarshipScholarship per student 1,000/Yr$1,000Level Of StudyBachelorTypeMerit-Based
KC Mahindra ScholarshipScholarship per student 5,542/Yr$5,542Level Of StudyMasterTypeMerit-Based
ASID Foundation Legacy ScholarshipsScholarship per student 4,000/Yr$4,000Level Of StudyBachelorTypeMerit-Based
Joint Japan/World Bank Graduate Scholarship ProgramScholarship per studentVariable AmountLevel Of StudyMasterTypeMerit-Based
Bharat Petroleum Scholarship 2020Scholarship per studentVariable AmountLevel Of StudyMasterTypeMerit-Based
YouAreWelcomeHere ScholarshipsScholarship per studentVariable AmountLevel Of StudyApprenticeshipTypeTuition-Fee-Waiver


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