Master's in Financial Engineering Program


MFE Recruiting Guide


What Is The MFE?


Financial Engineering

The Master's in Financial Engineering (MFE) degree is a one-year graduate degree offered by the Haas School of Business. Students in the MFE program learn to employ financial economics, mathematics, and computer modeling skills to make pricing, hedging, trading, risk management, project evaluation, and portfolio management decisions.

Students

The MFE Program at the Haas School of Business enrolls only 60 students each year. The small size of the program encourages students to learn from each other, and develops team players with strong analytical and interpersonal skills.

Our students have a high level of intellectual achievement and strong leadership skills. They embody a diversity of backgrounds and professional experiences, representing several countries. They come to our program with impressive professional experience, educational achievements, and a passion for finance.
Curriculum

The MFE fills an important industry need for professional training not met by either an MBA finance program or a PhD in finance. Haas MFE students take 20 courses focused on corporate finance, financial markets, and security valuation. Also covered are the numerical and simulation mathematics and computer technology commonly used in the industry.

With the added practical experience of a three month internship and a comprehensive applied finance project, MFE graduates are ready to work as financial engineers in your firm.



This chart illustrates the essential differences between the curriculum covered in the Haas MFE Program and other degrees in finance offered in the United States. Although some overlap occurs between the topics studied in these degrees, the primary differences are in the scope and depth of material covered. For example, most PhD curricula encourage a detailed and deeper academic study of a select range of topics and theories, while the MFE covers a broader range of material, with the study of theories limited to their practical applications.

 


Zhiming Jiang, MFE 03, and Terry Benzschawel, the Director of the Quantitative Credit Modeling & Analytics Group at Citigroup Global Markets in New York.


Zhiming’s contributions at Citigroup Global Markets during his MFE internship helped convince senior members of the firm to offer him a permanent position. In addition to enhancing Citigroup’s structural model used to predict corporate credit spreads, he built infrastructure necessary to integrate a vendor-supplied model for corporate credit. Terry Benzschawel, Director of the Quantitative Credit Modeling & Analytics Group, supervised Zhiming. “The project required strong math and programming skills, as well as the ability to comprehend academic finance literature,” he says. “After the extensive pre-internship interviews, we were convinced Zhiming was the ideal candidate, and he did not disappoint. As an intern he distinguished himself by solving problems in creative ways, mastering new tools, and effectively dealing with members of the group.”