Master's in Financial Engineering Program


Frequently Asked Questions


General Program Questions


How does the Haas MFE Program distinguish itself from similar programs?
How many people do you admit each year?
Are MFE courses offered online or part-time for working individuals?
What is the academic calendar for the MFE?
Do you accept credits and transfers from other universities?
What is the difference between an MFE and other degrees?


The Pre-Program Courses


Which courses are offered in the Pre-Program Courses? When will courses be offered?
Are grades in the pre-program courses used in admissions decisions?
Do you have to be a UC Berkeley student to take the pre-program courses? How much do they cost?


Financing an MFE degree


What is the tuition and fee schedule for the MFE?
What financial aid is available for domestic students?
What financial aid is available for international students?
Are fellowships or assistantships available?


Admissions Questions


What type of students do you look for?
What are the admissions requirements?
Is work experience required?
Do you require an undergraduate degree in finance or business?
Do you recommend preparatory math classes?
Do you recommend preparatory finance courses or certifications?
What is your minimum TOEFL requirement?
Can I waive the TOEFL requirement?
What is your minimum GMAT/GRE requirement?
Can I waive the GMAT/GRE requirement?
How can I order my official test score reports?
Can I come in for an interview?
Who should write recommendation letters?
If I am admitted, can I defer enrollment?
Do you have a waitlist?

Do I need to take all of the courses listed in the prerequisite course chart to be considered "eligible" for the MFE program?
Am I eligible to apply if I have an MBA degree?
Am I eligible to apply to the MFE program if I received a bachelor's degree from India?
My status is "Hold". What exactly is a "Hold" status?


Application Questions


What is the application fee?
Can I pay the application fee by credit card?
What is a rolling deadline?
What are the application deadlines?
How do I find out the status of my application?
How soon can I get a decision on my application?
How do I make a change or addition to my application once it has been sent?
I would like to reapply to the MFE program. What is the reapplication procedure?


Internship & Full Time Employment


How many students were able to get internships?
Are the internships guaranteed?
What is the employment data for MFE graduates?
What was the average salary for MFE graduates?
Which careers would a Masters in Financial Engineering feed into?


UC Berkeley Resources


Where do I get help as an international student?
What Career resources are available to MFE students?
I do not have a background in C++. What course could I take prior to entering the MFE Program?

Andrei Ionascu, MFE '06
Andrei Ionascu, MFE '06

"The MFE Program offers perhaps the most comprehensive immersion in the science of capital markets finance available today.  The main thrust of this program comes from the fact that it prepares students to not only understand the concepts presented, but also use programming, mathematics, statistics, and fundamental derivatives theory to actually price instruments as well as have the capacity to engineer new exotic products."


MFE Internship:
Associate, Structured Credit Products Analytics Group
Wachovia Securities
Charlotte, NC


Full-time position:
Associate
Structured Credit Products
Wachovia Capital Markets
Charlotte, NC