UCLA Anderson Master of Financial Engineering (MFE) Program

UCLA Anderson Master of Financial Engineering (MFE) Program

Established
2009
Type
Full-time
Tuition
$81,216 (Class of 2022)
Application deadline
December 31 (Round 1), March 1 (Round 2), April 30 (Round 3)
Location
Los Angeles, CA
Overview
The Master of Financial Engineering (MFE) Program at UCLA Anderson School of Management merges mathematical and statistical tools with finance theory to equip our students for highly rewarding careers in quantitative Finance. Graduates of the UCLA Anderson MFE Program apply these concepts to build models, solve problems and evaluate opportunities in areas such as risk management, asset management, derivatives trading, corporate finance and data analytics.


Academics
As a fully-integrated part of the UCLA Anderson School of Management, the MFE Program is based on the business school paradigm of merging theory and principle with up-to the-minute business practice. The UCLA Anderson finance faculty is among the best in the world. Consistently top-rated, they are leaders in cutting edge financial engineering research, as well as the practical implementation of current theory.

In 2017 UCLA Anderson revised and expanded the MFE curriculum. The full-time program now begins in September and lasts for 15 months (up from 13 months in 2016), with graduation in December of the following year. The newly revised and expanded curriculum integrates mathematical, statistical, and computer science tools with finance theory as applied in industry settings. The curriculum consists of 10 core courses, 4 electives (chosen out of 7 offerings), a corporate sponsored Applied Finance Project and a summer internship.


Admissions
MFE students have comparable levels of quantitative skills but varying professional and academic backgrounds. To connect with Admissions Ambassadors who can give a student's perspective, please click HERE.

Applications are available online, and the application period is divided into three rounds/deadlines. The application cycle begins in mid-September. To learn more about the admission requirements, please visit our Admissions Page.


Career Services
The UCLA Anderson MFE Program has a strong career support team solely dedicated to assisting MFE students with their career search, communication skills and resume development, as well as interviewing and negotiating skills.

Through “Conversations on Finance”, on-campus networking events, various workshops/seminars/panels, and a networking trip to Wall Street, San Francisco and Chicago with the Career Support team, MFE students have an opportunity to foster relationships with professionals in the field.

The MFE Program has been very successful in helping its graduates find summer internships and full-time positions with prominent financial services firms. The Class of 2020 was fully employed 6 months after graduation. 100% of the MFE students participate in a summer internship. Average total compensation is currently $112K.

View our Employment Report

Alumni

The UCLA Anderson network is one of the world’s largest and most renowned alumni networks with members in all 50 states and more than 100 countries. MFEs will become members of this network and have access to the alumni database. UCLA Anderson MFE alumni actively participate in academic seminars, speaker events, and host field study projects at their respective organizations. The MFE Program also has regional alumni chapters, through which graduates can expand personal and professional networks, meet with visiting faculty and connect with local business leaders.

Contact Information
For more details, visit the UCLA Anderson MFE website at www.anderson.ucla.edu/mfe. For answers to frequently asked questions please visit the Admissions FAQ page. You may also reach out to the MFE office via e-mail at mfe.admissions@anderson.ucla.edu.
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Latest reviews

Attending the UCLA MFE program was one of the best decisions I’ve made.

In terms of academics, you'll be learning from highly regarded professors: Rossi, Longstaff, Chernov, Lochstoer (just to name a few), who are top-notch in industry and research.

In terms of structure: the 10-week quarters go by very quickly. Classes start with the basics, but pick up fast. I recommend getting good at R as you'll be doing a lot of your HW with it.

Career services: you'll receive regular emails for internships/jobs and you'll meet with the MFE career services staff to go over interview topics/questions you may have. Leanna, Olga, and Amber are a delight to work with!

Overall, it’s a great program. The coursework can get heavy at times. But the professors and staff are invested in their students’ success and want to see them succeed. And the weather in LA isn’t too bad either!
A great program, especially for someone without a rich quantitative background. I had a traditional finance background (wealth management) and gained many quantitative skills throughout the program (although it was a challenging program given my lack of quantitative skills). Had a challenging time finding a summer internship due to my lack of quantitative experience. However, I was able to land a quantitative job upon graduation. Most alumni I reached out to through LinkedIn were very friendly and helpful and some of them even offered to refer me to their company.
2014 Graduate.
Easily the most valuable year+ of my life.
Professors and coursework align on learning skills that can be applied directly to the industry. Support staff is incredible, with a strong focus on ensuring you will have multiple job offers by the end of the program. Peers in the program are talented and driven. I still stay in close contact with several people from my cohort. Highly recommended!
A great program that teaches you theoretical knowledge and gives you applied opportunities. Amazing industry partners for the AFP project. A truly dedicated career office that is focused on providing tech skills, interviews, and resume workshops.
Curriculum:
This program would teach you all the fundamentals you need to succeed in the quant finance field with world-class faculties. I personally liked the courses for their nice balance between finance, coding, and mathematics. The first two quarters build up your fundamentals in finance and more, and the third quarter takes you deeper into different fields such as asset management, data science, pricing and valuation, risk and management, etc, where you may discover your skills and passion. The courses mostly use Python, with some using R, but there is no class that specifically teaches you how to code, which is something I strongly suggest adding. You will have to figure it out yourself and go deeper if you want to ace those coding interviews. There is also an applied finance project that gives you a sneak peek of what problems the industries are trying to solve. Depending on the company, you might be solving the most difficult or weirdest problems, but it would be fruitful and fun if you step up and see the project through.

Career:
The career service team is great and proactive. They help with behavioral/ technical interviews, resume/ CL, webinars to help you understand the industry, salary negotiation, etc. They also have connections to many companies that sometimes directly hire from the program (I got my internship this way). They also still keep in touch with me even though I already graduated.

Overall I really recommend this program. It helped me transition from a pure finance background to landing a quant research role. The program gives you everything you need and more, the rest is up to you. I also want to add that most students here are pretty laid back and you will probably meet the smartest and most accomplished students here.
  • Anonymous
  • 4.00 star(s)
Awesome experience.

Education:
Excellent faculties with great knowledge. Teaching is mainly application based, So it is good for people with little less math background.
Concepts are explained in both ways mathematical and Economical.

Career:
Career service is excellent. Strong Alumni network. You can choose from many different career paths.
Great place. The classes are very practical and applicable-for me, I found the Derivatives Market and Computational Finance class most useful; the only caveat is the Quant Asset Management, as the professor does not teach the class in an easy-to-understand way. In terms of workloads, the Spring Quarter is going to be the heaviest, but that’s how you learn the practical staff. There are also a lot of helpful job searching resources-for instance, the workshops on quant interview and R/Python. In addition, the alumni network is also valuable-I find both my internship and full-time job thanks to its help!
All Faculties are world-class, Anderson is also prestigious and owns great resources and industry connections. The course is well-structured and provides practical projects align with the materials. Also, the program are heavily focus on students, any voice from student will be seriously considered and provide supports. You can see the program is trying to be better in every aspect. All in all, it's a great program and provides competitive edges for students to further their careers.
  • Anonymous
  • 5.00 star(s)
I am an alumni from the 2017 batch.

Faculty:
As it has been mentioned before, the faculty is top notch. Profs Longstaff, Ivo Welch, Lars Lochstoer, Peter Rossi are world class professors.

Structure:
It's a very packed degree, with a lot of things to digest in very little time + a summer internship. In my opinion, it's easier to absorb all the knowledge with previous experience either in finance, math or coding. Probably 2 out of the 3 would be enough to have a strong experience in the program.

Support system:
There is a good infrastructure around you. Industry professionals are invited to speak every week or so, you get mock interview sessions, resume preparation sessions, quantitative interview preparation sessions, networking events and so on. I've stayed in touch with the MFE Office and always received all the support I've needed.

For some of the students (me included), learning to connect and network takes some time, and it's hard to do this while staying afloat in your coursework. It's a very demanding 15 months but it's an experience I would definitely recommend!
Faculty:

The professors and faculty are world class. From Peter Rossi, to Francis Longstaff, to Ivo Welch, I've never had the privilege of learning from a more accomplished and well-respected group of people. The level of care they put into each of their lectures was abundantly clear and was leagues above what I experienced at my undergraduate university. They were easy to chat with, always accommodated time after class for additional questions, and, in my opinion, the main reason someone should attend UCLA's MFE program.


Coursework:

The coursework was expansive and quite rigorous. However, there is simply too much information to try and squeeze into a 15 month program. As a result of this squeeze, you feel like you're trying to drink from a fire hose. The flip side of this is that you get excellent exposure to a bunch of different subject areas in quantitative finance and, if you didn't truly have enough time to learn it the first time, you have the tools/materials/means to review it later.


Career Services:

A lot of the posts here are being hard on the MFE's career services, in my opinion. While it took me a nerve-wracking amount of time to obtain my summer internship (got my offer in late March), this wasn't because of a lack of opportunity. I must have had six or seven opportunities before winter break and I simply didn't perform in my interviews. While these were very competitive positions (Morgan Stanley, JP Morgan, etc), it's not the career services' fault that I fell short. I suppose I could say that I wasn't properly prepared to interview but that falls more on myself than the MFE program. A counselor can only take you so far before you have to take responsibility for your own career.


MFE Office / Administration:

I can't thank the lovely ladies in the MFE office enough. Leanna and Elisa were always there to listen to my grievances, help me with petty (and major) problems, and guide me through the program. The amount of students, current and prospective, they have to manage is astounding and they each deserve a raise for all the work they put in.


- Class of 2019 -
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