QS Rank:

44

University of California, Los Angeles

California
,United States

Program Rank

3

Program Name
Master in Financial Engineering

Deadline
April 30th, 2025
Overview

The Master in Financial Engineering program at the University of California, Los Angeles offers an exceptional educational opportunity for aspiring financial professionals. Positioned within the prestigious Anderson School of Management, this program integrates finance, mathematics, statistics, and computer science to equip students with the analytical tools required to tackle complex financial challenges. It is designed to provide a comprehensive understanding of financial markets and risk management, while also emphasizing quantitative analysis and technical skills that are essential in today’s financial landscape.
Over the course of 18 months, students will immerse themselves in a rigorous curriculum that includes foundational courses such as Financial Theory, Quantitative Methods, and Risk Management. These core subjects are further complemented by elective courses that allow students to specialize in areas of interest such as Derivatives Pricing, Portfolio Management, and Machine Learning for Finance. The depth of the curriculum ensures that graduates are not only knowledgeable but also well-prepared to innovate and adapt in an ever-evolving financial environment.
In addition to a strong academic foundation, the program emphasizes experiential learning through a variety of practical opportunities. Students are encouraged to engage in internships with leading firms in the finance industry, which provides invaluable real-world experience and networking opportunities. The program’s strategic location in Los Angeles, a major financial hub, further enhances these internship possibilities, allowing students to connect with top-tier companies and industry professionals.
Research is another cornerstone of the Master in Financial Engineering program. Students have access to an extensive range of resources, including the latest financial data, computational tools, and software. Faculty members, who are renowned experts in their fields, foster a collaborative environment that encourages students to engage in research projects that address pressing financial issues. This not only enhances their analytical and problem-solving skills but also prepares them for future roles in academia or research-intensive positions within the financial sector.
Graduates of the program have demonstrated remarkable success in their careers, with many securing high-level positions such as Financial Risk Managers, Chief Financial Officers, and Chartered Financial Analysts (CFA). The program boasts a 92% graduation rate and a median base salary of $110,000, reflecting the high demand for financial engineers in the marketplace. Alumni testimonials highlight the comprehensive preparation they received, crediting the program with providing both the technical skills and the strategic mindset necessary to excel in the competitive financial sector.
Why Study Master in Financial Engineering at UCLA
- Cutting-edge Curriculum: A blend of finance, mathematics, and technology, ensuring graduates have a holistic understanding of financial engineering.
- World-class Faculty: Learn from industry leaders and scholars who are actively engaged in research and have extensive experience in the financial sector.
- Strong Industry Connections: Benefit from UCLA's extensive network of alumni and partnerships with leading financial firms for internships and job placements.
- Research Opportunities: Engage in meaningful research projects that contribute to the field of finance, supported by state-of-the-art resources.
- Excellent Career Outcomes: High graduation rates and competitive salaries highlight the effectiveness of the program in preparing students for successful careers.
The admission process for the Master in Financial Engineering program is highly selective, reflecting its commitment to attracting talented candidates. Applicants are required to hold a Bachelor’s degree in a relevant field, with a minimum undergraduate GPA of 3.0. International applicants must demonstrate proficiency in English through standardized tests such as the IELTS or TOEFL, ensuring that all students are equipped to engage fully in the program. The application process includes submitting a transcript, resume, statement of purpose, and letters of recommendation, and applicants may be invited for an interview as part of the evaluation.
In summary, the Master in Financial Engineering at the University of California, Los Angeles embodies a unique fusion of rigorous academic training, practical experience, and research opportunities. Its strategic location, esteemed faculty, and robust industry connections create a dynamic learning environment that prepares students for remarkable careers in the financial sector. With a commitment to academic excellence and a focus on real-world applications, this program stands out as one of the leading choices for aspiring financial engineers.

Total Tuition Fees
$69,000

Duration
18 Months

Median Salary
$1,10,000
Ranking
#20
US World and News Report
#21
The World University Rankings
#44
QS World University Rankings

Intake
Fall ( Sept - Nov )
Class Profile

Class Size
40

Average Age
26

Average Work Experience
2 Years
Diversity
Others:
30%International:
30%California:
40%Career Outcomes

Median Earnings After Graduation
$1,10,000 / year

Graduation Rate
92%
Prospective Job Roles
Financial Risk Manager
Director of Financial Aid
Financial Engineer
Financial Advisor
Financial Analyst
Chief Financial Officer
Financial Planner
Financial Manager
Chartered Financial Analyst (CFA)
Financial Controller
Financial Aid Officer
Certified Financial Analyst (CFA)
Top recruiters














Eligibility Criteria

Accepted fields include Financial Analyst, Museum Curator, Financial Planner.

At least 3 / 4 undergraduate GPA is expected.

At least 16 years of bachelor degree.
English Proficiency Tests
IELTS
7
TOEFL
100
Application Requirements
Here's everything you need to know to ensure a complete and competitive application—covering the key documents and criteria for a successful submission.

Application Fee: 200
Transcript
GRE
Resume
Interview
IELTS
Statement of Purpose
Academic LOR
Professional LOR
Application Deadlines
Priority 1 | Secondary Deadline | Final Deadline | |
---|---|---|---|
Fall | Dec 31, 2024 | Mar 1, 2025 | Apr 30, 2025 |
Fees and Funding

Tuition Fees
$46,000 / year

Overall Cost
$62,000 / year
FAQs
Yes, the UCLA Anderson MFE program qualifies as STEM, which can extend an international student's Optional Practical Training (OPT) by 24 months - for a total of 36 months. OPT is temporary employment for practical training directly related to the student's major area of study. OPT rules may be found here.
The MFE program will accept a test score report from either the GRE or the GMAT. Preference to one exam is not given over the other.
Our target class size for the entering class is between 85 and 95 students. The class is divided into two cohorts.
The MFE program is 15 months in length from start to finish. Classes begin in September and end in December of the following year.
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