Master of Science [M.S] (Financial Engineering)
Field of Study:
₹54.6 L/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
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | ₹5462783 (USD 65904) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Room and Food (On-Campus) | ₹1458781 (USD 17599) |
| Room and Food (Off-Campus) | ₹1263244 (USD 15240) |
| Health Insurance | ₹390743 (USD 4714) |
| Books and supply | ₹51972 (USD 627) |
| Other Fees | ₹549312 (USD 6627) |
| Total Cost | ₹3714052 (USD 44807) |
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
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.
Course Guides
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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
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Ritchie-Jennings Memorial Scholarship Program | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
| TEC Scholarship | Scholarship per student₹ 82,890/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| Narotam Sekhsaria Scholarships | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based | |
| QS scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
| Jane M. Klausman Women in Business Scholarship | Scholarship per student₹ 4.1 L/Yr$5,000 | Level Of StudyBachelor | TypeMerit-Based | |
| SWE Scholarships | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based |
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