Each applicant is carefully considered on the basis of academic performance, work history, quantitative skills, recommendations, test scores, motivation, and potential.
To ensure optimum program benefits to participants and sponsoring organizations, a maximum of 60 candidates are accepted into each class. The collective class profile reflects a group of people with comparable levels of quantitative experience, but with varied skills and experiences. Many in the class will have advanced degrees and have international backgrounds. The UCLA Anderson MFE Program requires the full participation of each student in both class attendance and assigned work. Coursework will include a mix of individual work and group assignments.
The MFE degree at UCLA Anderson is a 13.5 month full-time program. The program begins in November and is not available part-time. Applications are available online only. Students are admitted to begin the MFE Program in November only.
The online application link to apply to the program that begins November 2015 will be available in the Fall 2014 and will be accessible from the Apply Now button below when the time comes.
The application period for the Class of 2016, which begins November 2015, is divided into three rounds/deadlines:
|Application Completion 2015 Deadline||Decision Released By|
|January 31, 2015||March 31, 2015|
|March 31, 2015||May 31, 2015|
|May 31, 2015||June 30, 2015|
The MFE Admissions Committee considers a number of factors in selecting candidates for the program.
All candidates must demonstrate:
- Ability to do graduate-level business and finance course work
- Capabilities that will contribute to the overall educational process of the class
- Experience in computational programming (for example, C++) and familiarity with computers as a computational and management tool
- Strong quantitative background including coursework in:
- linear algebra
- multivariate calculus
- differential equations
- numerical methods
- advanced statistics and probability, which includes the following topics: discrete distributions, continuous distributions, density functions, sampling theory, statistical inference, hypothesis testing, ordinary least squares, t-statistics, sampling vs. population moments, chi-square goodness of fit tests, etc.
- Excellent writing, speaking, and presentation ability in English
- Experience 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
Required Educational Background
A candidate for admission to the MFE Program must hold at least a four-year bachelor's degree from a college or university of fully recognized standing. While no specific undergraduate major is required, most students will have a degree in quantitative subject matters such as mathematics, engineering, computer science, physics, etc. Applicants who have attended institutions outside the United States should have completed 16 years of study, 12 of these at the elementary and secondary school levels and four at the college level. Evidence of strong quantitative skills is required of all candidates, regardless of undergraduate major.
Prospective MFE Program candidates are encouraged to attend an information session and visit a MFE class session. During information sessions, faculty and administrators provide information about the program, admission requirements and answer questions from attendees.
- Please register for an Information Session HERE.
- Please arrange a class visit by emailing MFE Program Manager, Leanna Cortez.
- Please schedule a graduate UCLA campus tour HERE.
The Admissions Committee will review an application only after all of the following materials have been submitted:
Application for Admission
Please use your full legal name rather than initials, abbreviations, or nicknames. The name listed on the application should be used consistently in all of your official interactions with the university. The application is intended to give you the opportunity to present a clear picture of yourself and of the qualities you feel the Admissions Committee should be aware of when considering your application. If you do not feel the application adequately conveys such information, please supplement the form in whatever way you feel is appropriate.
A non-refundable application fee of $200 is required. This fee is paid by credit card when submitting the online application. The application fee is not refundable under any circumstances, regardless of the admission outcome.
Please fill out this portion of the application completely and submit a resume. Please include all full-time and intern positions you have held, and account for any employment gaps since college.
The application essays help the Admissions Committee become acquainted with applicants as individuals, and demonstrate an applicant's ability to write concisely and economically. It is important that applicants respond to essay questions candidly and completely. Essays must be written by the applicant. If it is determined that an essay submitted has been written by anyone other than the applicant, the applicant will be denied admission.
The essay questions can be found within the MFE Supplemental section of the Graduate Division application and are as follows:
- Financial engineering requires a combination of mathematical/quantitative abilities and creative thinking. Describe a project you worked on, either as a student or professional, that demonstrates your analytical and creative problem-solving skills. Tell us why this project was interesting to you. (maximum 750 words)
- Why does a career in quantitative finance appeal to you? Based on your abilities and what you know about careers in financial engineering, why do you think this is the right career path for you? (maximum 750 words)
- (OPTIONAL) Feel free to provide any other information you think would help us evaluate your potential to succeed in the program. (maximum 375 words)
The UCLA Anderson MFE Admissions Committee uses the transcript copies you upload with your application to do a preliminary evaluation of your academic qualifications. List on your application all of the educational institutions you have attended since graduating from high school, regardless of the period of attendance, whether or not the work was completed, and whether or not the work was related to your proposed field of study. We evaluate all international education within the context of each country's system. We possess expertise in the diversity of universities and grading systems around the world. Please do NOT convert your grade point average (GPA) or other grading system to the US 4.0 scale. There is no way to accurately or fairly convert scores. There is no need to send us transcript evaluations from an outside agency, since UCLA conducts its own evaluation.
Please send original transcripts or documents only after you have been admitted. This expedites the processing and evaluation of applications. Admits who received their degree(s) from a university within the U.S. must send complete, sealed original transcripts from schools attended. Transcripts must also show the exact degree(s) received and the date awarded. If educated outside of the USA, please see section entitled International Students. Academic records submitted become the property of UCLA.
TOEFL (international students only)
The TOEFL, a comprehensive test of English language skills, is required of all applicants whose native language is not English. The TOEFL is also required for students who attended a university where the medium of instruction was English, but the official language of the country was not English (this includes Singapore). International students who hold a bachelor's degree or higher from a university located in the United States, England, Canada or Australia or who have completed at least two years of full-time study at such an institution, are exempt from these requirements. Please use TOEFL Destination Code 4837 and then select TOEFL iBT Department Code 02 for Graduate Schools of Management on your application. IELTS may be substituted for the TOEFL.
Minimum TOEFL Scores
A TOEFL score of at least 560 on the paper and pencil test or 220 on the computer based test is the minimum required for applicants to graduate programs at UCLA.
For the internet-based TOEFL (TOEFL iBT), the following are minimum passing scores for each section and the minimum total passing score:
- Writing: 25
- Speaking: 24
- Reading: 21
- Listening: 17
- Total minimum passing score: 87
For international students, please check the UCLA Graduate Division - International Students website for information about visas, test requirements and other admission requirements.
Graduate Management Admission Test (GMAT)
The GMAT or GRE is required for admission. The GMAT or GRE score is valid for five years and the admissions committee looks at the highest scores if the test was taken more than once. The GMAT is administered as a computer-adaptive test (CAT) three weeks per month, six days per week throughout the year at approximately 400 computer-based testing sites in North America and many other parts of the world. A list of testing centers is provided on the website or call GMAT's general information number at (609) 771-7330. Please have ETS send your test scores to institution code: 2NZ-2F-21.
Graduate Record Examination (GRE)
The GRE or GMAT is required for admission. The GRE measures verbal reasoning, quantitative reasoning, and critical thinking and analytical writing skills. Information about the test and registration materials may be obtained from ETS (1-800-462-8669). Please use the Designated Institution Code 5988 on your GRE application to ensure that ETS sends your scores to us. Please note that we do not accept the GRE subject test.
Interviews are done by invitation only. Once an application is completed, the Admissions Committee may request an interview with a prospective student.
Acceptance of Admission
Offers of admission will be communicated in electronic form and will include instructions on how to accept.
- The admission deposit is $2,000. This admission deposit is non-refundable and is applied to the first quarter tuition installment.
- Admission offers not accepted within the communicated timeframe will be revoked and the seat offered to another qualified candidate.
Acknowledgement of Applications
We acknowledge the receipt of applications for admission via email once they are received. Applicants may login to the application system to check if any necessary documents are missing from their application. The Admissions Committee cannot consider an application until it is complete.
Two (2) Letters of Recommendation
Each MFE Program applicant must register two* recommenders' professional email addresses (e.g. firstname.lastname@example.org) so that they will receive instructions on how to submit their letter of recommendation through the online application system, on your behalf. These registered email addresses should not be personal email accounts (e.g. email@example.com). Evaluations should be requested from individuals who have worked closely with you and who are able to give specific information about your abilities, accomplishments, and quantitative capacity. If you have been working less than two years, you may include academic recommendations in place of work related recommendations. Letters should be submitted online, and should be written by an individual equipped with the ability to comment knowledgeably and specifically about your quantitative skills (e.g. manager, project leader, or professor). Letters from family, friends and co-workers are inadmissible.
*Please note: The Graduate Division requires three letters of recommendation to complete the application and submit. To work around this, we suggest that you enter an alternate email address (please use firstname.lastname@example.org) in the third space which goes to the Graduate Division. They know they don't have to submit a letter on your behalf. In the first and last name spaces you may type: "3rd Letter". This will "trick" the system into thinking that you are complete and will allow you to submit if all other requirements have been met.