Financial Engineering

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.

• 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 I

A valid degree from an accredited institution, comparable to the 4-year Bachelor's Degree from UC BerkeleyRecommended post-university work experience. Preferred but not required. The MFE also admits undergraduate students with strong academic background with little to no experiencePrior exposure in computer programming (C, C++) and familiarity with computers as a computational and management toolExperience 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 programmingHigh-level math and statisticsFinance studiesLanguage skillsStatistical and econometric applications (Sas, Gauss, RATS, S-Plus, or Garch)Mathematical tools (MatLab, Mathematica, or MathCad) English Language Requirements TOEFL paper-based test score : 570 TOEFL iBT® test: 68

• The majority of assistance is in the form of loans. Due to the nontraditional academic calendar of the MFE Program, students cross over two award years, and therefore most students will need to go through the loan process twice (once for the Spring & Summer terms, and once for the Fall & Winter terms).
• We participate in Federal Loans for US citizens and permanent residents. This will require filling out the Free Application for Federal Student Aid (FAFSA) along with a few other supplemental steps. Please review our Federal Loans page on how to complete this process. We also participate in Private Loan programs for those that feel they may get a better rate than the federal loans or for International Students that have a US cosigner. Students can often borrow Federal or Private Loans up to the Cost of Attendance. If you are an International Student without a US cosigner you can review our International Loans page for more options. Students can borrow up to $50,000 from one of our risk-share loans.