Students are exposed to dynamic investment strategies and complex structured products for equities, fixed income, currency, commodities and other financial markets. The program balances academic rigor through a technically challenging curriculum, with practical applications. The MFE Program trains students for positions as risk managers, investment bankers, asset managers, derivative traders and developers of specialized securities at the world's leading commercial and investment banks, insurance companies and corporate and public treasury departments.
The specialized one-year MFE curriculum integrates mathematical, statistical, and computer science tools with finance theory as applied in institutional settings. MFE students are challenged with a curriculum that is solidly based on the business school paradigm of providing students not only with technical knowledge, but also with the business knowledge and skills they will need to function in management position in the financial industry. As part of the MFE Program students learn not only computational methods but also much of the foundational business knowledge taught in the UCLA Anderson MBA Program, including areas such as accounting, economics, econometrics, finance and much more. The Internship/Applied Finance Project serves as a capstone to the MFE curriculum.
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.
All candidates must demonstrate:Ability to do graduate-level business and finance course workCapabilities that will contribute to the overall educational process of the classExperience in computational programming (for example, C++) and familiarity with computers as a computational and management toolStrong quantitative background including coursework in:linear algebra, multivariate calculus, differential equations, numerical methods, advanced statistics and probabilityExcellent writing, speaking, and presentation ability in EnglishExperience with mathematical tools (for example, Matlab)Work or research experience in a quantitative discipline is recommended, but not required. Exceptional undergraduates with strong quantitative backgrounds are encouraged to apply. Bachelor degrees must be conferred prior to the November MFE Program start date.Experience with statistical and econometric applications (for example, SAS) is recommended English Language Requirements IELTS band: 7 TOEFL paper-based test score : 560 TOEFL iBT® test: 87