UCLA Anderson Master of Financial Engineering (MFE)

The UCLA Anderson School of Management's Master of Financial Engineering (MFE) program is a rigorous, 15-month, STEM-designated degree designed to prepare students for quantitative finance roles. It's a highly selective program, attracting individuals with strong backgrounds in mathematics, statistics, computer science, engineering, and physics.

Curriculum

The MFE curriculum is intensely focused on quantitative methods. Core courses cover topics such as:

• Stochastic Calculus
• Financial Econometrics
• Derivative Securities
• Fixed Income Modeling
• Risk Management
• Portfolio Management
• Machine Learning for Finance

Beyond the core, students have the flexibility to specialize through electives in areas like asset management, corporate finance, and financial technology (FinTech). Hands-on learning is a key component, with projects and case studies integrated throughout the coursework. Students also participate in a capstone project, allowing them to apply their knowledge to real-world financial problems.

Faculty

UCLA's MFE program boasts a distinguished faculty comprised of leading academics and industry practitioners. Professors bring a wealth of research expertise and practical experience to the classroom, ensuring students receive a cutting-edge education that bridges theory and application. Many faculty members are actively involved in research, contributing to the advancement of financial knowledge and techniques.

Career Opportunities

The MFE program has a strong track record of placing graduates in top-tier financial institutions. Common career paths for graduates include:

• Quantitative Analyst (Quant)
• Portfolio Manager
• Risk Manager
• Financial Engineer
• Trader
• Data Scientist (in finance)

Graduates find employment in investment banks, hedge funds, asset management firms, consulting firms, and technology companies. The UCLA Anderson Career Management Center provides comprehensive support to students, offering career coaching, resume workshops, mock interviews, and networking opportunities. The program's location in Los Angeles also provides access to a vibrant financial industry and a strong alumni network.

Admission Requirements

Admission to the MFE program is highly competitive. Successful applicants typically possess:

• A bachelor's degree in a quantitative field (e.g., mathematics, statistics, engineering, computer science)
• A strong academic record
• Excellent quantitative and analytical skills
• Proficiency in programming (e.g., Python, C++)
• A competitive GRE or GMAT score
• Strong communication and interpersonal skills

The admissions committee looks for candidates who are highly motivated, possess a strong work ethic, and demonstrate a genuine interest in pursuing a career in quantitative finance.