Address

110 Westwood Plaza, Suite C310
Box 951481
Los Angeles, CA 90095-1481

Phone

(310) 825-3103

Email

mfe@anderson.ucla.edu

Leading to the degree of

M.F.E.

Admission Limited to

Fall (November)

Deadline to apply

June 30th

GRE (General and/or Subject)

GMAT or GRE

Letters of Recommendation 

2

Other Requirements

In addition to the University’s minimum requirements and those listed above, all applicants are expected to submit the departmental application.

A strong quantitative background including, at minimum, linear algebra, multivariate calculus, and statistics, is expected. Applicants with prior work in computer programming, differential equations, numerical methods, advanced statistics, and probability theory, are preferred.

Master’s Degree

Advising

The faculty director of the MFE program is in charge of student advising.

Areas of Study

Financial Engineering.

Foreign Language Requirement

None.

Course Requirements

52 units of coursework are required for the degree. All courses must be at the graduate level. In exceptional circumstances a maximum of four units of 500-series coursework may be applied to the course requirements. The curriculum consists of four components: (1) core courses; (2) financial institution seminars/career development workshops;(3) a summer internship; and (4) an applied finance project. The core courses, which consist of 48 units from Management 237 category, provide the skills, theoretical and applied, that students need to work in the area of quantitative finance. The financial institution seminars present finance practitioners who discuss such topics as the opportunities available to graduates of the program, the skills needed to succeed in financial engineering, and emerging changes in the financial world. The four-unit applied finance project, Management 237N, is designed to provide in-depth exposure to at least one major task that graduates will be expected to perform in the workplace.

Teaching Experience

Not Required.

Field Experience

Summer Internship Required.

Comprehensive Examination Plan

The comprehensive examination requirement is fulfilled by successful completion of the applied finance project. This project is designed to provide an in-depth exposure to at least one major task students will be expected to fulfill in the workplace. The project will develop or utilize existing quantitative finance tools and techniques. The faculty member who supervises the project and two other faculty members appointed by the faculty program director are responsible for evaluating the project.

Thesis Plan

None.

Time-to-Degree

Approximately 13 months from graduate admission to award of the degree, including a summer internship.

Termination of Graduate Study and Appeal of Termination

University Policy

A student who fails to meet the above requirements may be recommended for termination of graduate study. A graduate student may be disqualified from continuing in the graduate program for a variety of reasons. The most common is failure to maintain the minimum cumulative grade point average (3.00) required by the Academic Senate to remain in good standing (some programs require a higher grade point average). Other examples include failure of examinations, lack of timely progress toward the degree and poor performance in core courses. Probationary students (those with cumulative grade point averages below 3.00) are subject to immediate dismissal upon the recommendation of their department. University guidelines governing termination of graduate students, including the appeal procedure, are outlined in Standards and Procedures for Graduate Study at UCLA.