M.Eng Financial Engineering at University Of California [UC BERKELEY], Berkeley Fees, Entry Requirement & Application Deadline

Master of Engineering [M.Eng] [Financial Engineering] From University of California

Berkeley, CaliforniaLocation
UniversitySchool type
Estd1868established year
43204enrollment
Public
6.9/10

Master of Engineering [M.Eng] (Financial Engineering)

1 year
Full Time
On Campus

Field of Study

$78,142/Yr

$78,142 /Yr
  • The Master of Financial Engineering at the University of California is a 1-year program.
  • It is an on-campus program offered on a full-time basis.
  • The program courses are anchored in cutting-edge research and integrate theories, frameworks, and practical applications in a seamless learning experience.
  • Students need to successfully complete 30 units of coursework, including the Morgan Stanley Applied Finance Project, plus an internship or industry/independent study project.
  • The classroom instruction delivers the financial engineering knowledge and best practices that students will put to use in the experiential learning that forms the heart of the program.
  • It starts with a 12-week internship and continues with an applied finance project.
  • Both of these experiences put students at the top of the queue when applying for jobs after graduation.
  • All of the classes, starting with the pre-program coursework that build upon the previous ones to provide a solid foundation that reinforces what students have already learned.
  • The program launch students career in finance, data science, or technology.
  • students can do specialization in:
    • Valuation
    • Pricing
    • Hedging
    • Trading
    • Data Science
    • Risk Management
    • Project Evaluation
    • Portfolio Management
  • Students in the class of 2019 placed in Fall Internships are 100%.
  • Master of Financial Engineering program ranks 1st according to TFE Times, 2018.

Important Dates

EventApplication Date
Application Deadline Sep 15, 2023 - Jan 6, 2024

Tuition Fees

Year1st Year Fees
Tuition Fees$78142 (USD 78142)

Other Expenses

HeadAvg Cost Per Year
Living Expenses$31503 (USD 31503)
Health Insurance$8150 (USD 8150)
Books and supply$972 (USD 972)
Total Cost$40625 (USD 40625)

Previous Year Fees

Year1st Year Fees
2021$76610 (USD 76610)

Eligibility & Entry Requirement

Academic Eligibility:

  • Students must complete a bachelor's degree or the recognized equivalent from an accredited institution.
  • Students hold a satisfactory scholastic average, usually a minimum grade-point average (GPA) of 3.0 (B) on a 4.0 scale.
  • A strong quantitative background including linear algebra, multivariate calculus, differential equations, numerical analysis, and advanced statistics and probability is required.
  • The submission of either GMAT or GRE scores is required for this program but there is no minimum acceptable score.

Work Experience:

  • Students have experience with statistical and econometric applications. (Examples: Sas, Gauss, RATS, S-Plus, and Garch.)
  • Students also hold experience with mathematical tools. (Examples: MatLab, Mathematica, or MathCad.)

English Language proficiency:

  • All students from countries or political entities in which the official language is not English are required to submit official evidence of English language proficiency.
  • This applies to students from Bangladesh, Burma, Nepal, India, Pakistan, Latin America, the Middle East, the People’s Republic of China, Taiwan, Japan, Korea, Southeast Asia, most European countries, and Quebec (Canada).

Along with the minimum eligibility requirements, international students hailing from non-English speaking countries need to prove English proficiency through IELTS/TOEFL/any equivalent test to get admission to this program.


Scores Required

90 / 120

Avg. Score in

TOEFL

7 / 9

Avg. Score in

IELTS

316 / 340

Avg. Score in

GRE updated

720 / 800

Avg. Score in

GMAT

54 / 90

Avg. Score in

PTE


Required Document List

The following required documents are:

  • Resume: It is the outline of academic achievements and/or awards, publications, relevant work, and/or volunteer experience.
  • Three Letter of Recommendation: Letter of recommendation which includes information about the student, their connection with the person they are recommending, their qualification, and the specific skills they have.
  • Statement of Purpose: This is an essay or any written statement written by the student while applying.
  • Personal History Statement: It describes how their background, accomplishments, and life experiences led to their decision to pursue the graduate degree for which they are applying.
  • College Transcripts: The marks statement provided by the education board after completion of the previous academic qualifications.
  • ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

Career and Placement after Course

The careers after graduation are:

  • Business Finance
  • Technology and Quality Market Analyst
  • Financial Engineer
  • Financial Systems Applications Analyst
  • Engineering Manager
  • Financial Analyst, etc.

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Support Scholarships for Young WomenScholarship per studentVariable AmountLevel Of StudyBachelorTypeCollege-Specific
BrokerFish International student scholarshipScholarship per student$ 1,000/Yr$1,000Level Of StudyBachelorTypeMerit-Based
Debesh Kamal ScholarshipScholarship per student$ 1,385/Yr$1,385Level Of StudyBachelorTypeMerit-Based
Hani Zeini ScholarshipScholarship per student$ 1,000/Yr$1,000Level Of StudyBachelorTypeMerit-Based
Ritchie-Jennings Memorial Scholarship ProgramScholarship per studentVariable AmountLevel Of StudyBachelorTypeMerit-Based
TEC ScholarshipScholarship per student$ 1,000/Yr$1,000Level Of StudyBachelorTypeMerit-Based


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