Master of Business Administration in Financial Engineering, M.B.A.

  • N/A
    Application Deadline
  • 12 months
    Duration
  • English (book IELTS)
    Language
University rank #5 (ARWU) , CA,
The Berkeley Master of Financial Engineering Program provides you with the knowledge and skills to prepare you for a career in the finance industry. In one year, you will be ready to take a leading role in a fast-growing field that demands individuals who can apply their education and skills at the cutting edge of finance in investment banks, commercial banks, and other firms around the world.

About

The Berkeley Master of Financial Engineering Program provides you with the knowledge and skills to prepare you for a career in the finance industry. In one year, you will be ready to take a leading role in a fast-growing field that demands individuals who can apply their education and skills at the cutting edge of finance in investment banks, commercial banks, and other firms around the world.The MFE can be completed in 12 months of full-time coursework.

Applications are accepted year-round on a rolling deadline, and up to 68 students are enrolled each year. The program begins and ends only in the spring (March), and is not available part-time. The goal of the application review process is to identify those candidates who are the strongest fit with our program.

When you join the Berkeley MFE Program, you are one year away from turning your specialized training in hedge funds, risk management, derivatives, and commodities investments into a successful career in finance, strategy, or risk assessment. Haas has an unrivaled history of helping students secure top jobs - Berkeley MFE graduates received job offers in each of the previous four years at the highest average starting salary of any similar program. Berkeley MFE alumni are well established members of premier firms in the world's top financial markets, such as New York, London, and Tokyo.

The Haas School's resources, its deep ties to global firms, and its highly personalized services will provide you with the tools and connections you need to launch the next stage of your career. Employers seek out Berkeley MFE students because they demonstrate not only a mastery of powerful financial engineering tools, but also a solid understanding of the best practices for the changing technological, global, and human dimensions of finance.

Programme Structure

Courses:
  • Advanced Computational Finance
  • Financial Innovation in a Global Marketplace
  • Optimization Models in Finance
  • International Equity & Currency Markets
  • Independent Study
  • Investments and Derivatives
  • Empirical Methods in Finance
  • Introduction to Stochastic Calculus
  • Financial Institutions Seminar

Detailed Programme Facts

  • Deadline and start date Application deadline and start date were not specified by the programme.
  • Programme intensity

    You can choose to do this programme part-time or full-time.

    Full-time
    • Full-time duration 12 months
    Part-time
  • Credits
    28 units of coursework alternative credits
  • Languages
    • English
  • Delivery mode
    On Campus
Check your fit with this programme

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:

    570

    The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

  • Minimum required score:

    68

    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Before starting a programme, you need to have a basic knowledge of the English language.

Find English courses on Preparation Courses Portal.

Academic Requirements

  • A valid degree from an accredited institution, comparable to the 4-year Bachelor's Degree from UC Berkeley
  • Recommended post-university work experience. Preferred but not required. The MFE also admits undergraduate students with strong academic background with little to no experience
  • Prior exposure in computer programming (C, C++) and familiarity with computers as a computational and management tool
  • Experience with statistical and econometric applications (Examples: SAS, Gauss, RATS, S-Plus, and Garch)
  • A strong quantitative background including linear algebra, multivariate calculus, differential equations, numerical analysis and advanced statistics and probability (see our prerequisite course chart)
  • Experience with mathematical tools (Examples: MatLab, Mathematica, or MathCad)
  • Excellent writing, speaking, and presentation skills (in English)
Successful candidates for the MFE Program will have a strong background in:
  • Computer programming
  • High-level math and statistics
  • Finance studies
  • Language skills
  • Statistical and econometric applications (Sas, Gauss, RATS, S-Plus, or Garch)
  • Mathematical tools (MatLab, Mathematica, or MathCad)

Tuition Fee

  • National Applies to you

    66082 USD/year
    Tuition Fee
    Based on the original amount of 66082 USD per year and a duration of 12 months.
  • In-State Applies to you

    66082 USD/year
    Tuition Fee
    Based on the original amount of 66082 USD per year and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for Berkeley

1750 - 2820 USD/month
Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.