FAQ

How is the MFE Program different than the MBA programs offered by UCLA?
How large is the entering class?
How long is the program?
When is the deadline to apply?
Are there any advantages to applying early?
Where can I get an application?
Are there any prerequisites for this program?
What is the cost of the MFE Program?
Is work experience required before applying the the UCLA Anderson MFE Program?
How many letters of recommendation do I need, and by whom should they be written?
How much is the application fee?
How much do the letters of recommendation, interview, GMAT/GRE, etc., matter? Do you weigh one more heavily than others?
Is there a minimum GMAT/GRE score or GPA required for admission?
Which test is preferred, the GMAT or the GRE?
Where can I get information about the GRE and GMAT?
If I take the GMAT/GRE more than once, will the Admissions Committee average the scores or take the highest one?
If I am not from the United States or another English speaking country, do I need to take the TOEFL?
What is the minimum TOEFL score that is required?
What type of degree does the admissions committee require for international applicants?
Are interviews part of the application process?
Are scholarships available?
Can I work while I am in the program?
When will I find out whether I am accepted or denied admission?
Can I check my application status over the telephone or via e-mail?
Is Financial Aid available?
Do you accept transfer credits?
Do you recommend that I visit the campus?

Do I need a laptop computer for the MFE Program?
Can I defer my admissions?

How is the MFE program different than the MBA programs offered by UCLA?
The MFE Program is a rigorous, quantitatively focused curriculum for training finance professionals. The MFE differs from the MBA in that students will take only courses directly related to modern finance theory and practice. The course work in the MBA Programs is broader and geared toward students with an interest in general management theories and practice. The quantitative skills needed to do the MFE Program are much more sophisticated than those needed for the MBA Programs.

How large is the entering class?
We admit up to 60 students each year.

How long is the program?
The program is 13.5 months. Classes begin in November and end in December of the following year.

When is the deadline to apply?
Please see the admissions section for round deadlines. The final deadline to apply is May 31st. Applications received after the deadline will be considered on a space available basis. All applications must be submitted electronically.

Are there any advantages to applying early?
Yes. Due to the fact that students are notified on a continuous basis throughout each stated application deadline period, the class may become filled over time, and admissions decisions may become limited by space and student mix. Therefore, applicants are advised to apply for admission as early as possible. Candidates denied admission during one deadline period cannot reapply during another admissions deadline period in the same academic year.

Where can I get an application?
Applications are available on-line through this website.

Are there any prerequisites for this program?
All prospective students need to have a strong quantitative background including linear algebra, multivariate calculus, differential equations, numerical analysis, and advanced statistics and probability. In addition, applicants should have some experience or coursework in computer programming (C++) plus statistical and econometric modeling (MATLAB). It is important to demonstrate competence in analytical skills in your application, through undergraduate math courses or your GMAT/GRE score.

What is the cost of the MFE Program?
Tuition for the MFE Class of 2014 is $55,600 total. Tuition does not cover transportation costs, parking, books, medical insurance, living expenses, or a laptop computer.

Is work experience required before applying to the UCLA Anderson MFE Program?
Work experience is not required but recommended for admission to the UCLA Anderson MFE Program. We encourage recent college graduates who are ready to pursue their MFE to apply. It is important for you to assess your own readiness when deciding to apply. Recent college graduates who have exceptional academic records and test scores, as well as strong leadership in college are admitted to the UCLA Anderson MFE program. We seek to admit students at different points in their professional lives. Please note that it is not the quantity, but the quality of your experience (how it fits with your goals), that counts.

How many letters of recommendation do I need, and by whom should they be written?
Two. It is suggested that letters be written by employers and managers that can evaluate your quantitative skills and management potential. You may also get recommendations from professors and other academic individuals who are in a position to judge your quantitative skills.

How much is the application fee?
The non-refundable application fee is $200.00 for all applicants.

How much do the letters of recommendation, interview, GMAT/GRE, etc., matter? Do you weigh one more heavily than the others?
Components of an application are not weighted -- all of the factors are important aspects of the application and we do a comprehensive review and look at the total application.

Is there a minimum GMAT/GRE score or GPA required for admission?
No. Many factors are considered in the admissions process. However, you will want to note our average scores in our most recent class profile.

Which test is preferred, the GMAT or the GRE?
The MFE Program will accept a test score report from either the GRE or the GMAT. Preference to one exam is not given over the other.

Where can I get information about the GRE and GMAT?
Applications for and information concerning the GRE may be obtained by calling 609-771-7670, or by visiting the GRE website. Be sure to send GRE scores to institution code 5988.

Applications for and information for the GMAT can be found on the GMAT website. The GMAT is a computer-adaptive test (CAT) that is administered 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. To obtain further information and/or to make testing arrangements, visit the Graduate Admission Council web site. Our school code to send test results to UCLA Anderson is 2NZ-2F-21.

If I take the GMAT/GRE more than once, will the Admissions Committee average the scores or take the highest one?
We will see all of your scores but will take your higher score if you take the test twice. If you take the test more than twice, we consider all scores, but will not average them.

If I am not from the United States or another English speaking country, do I need to take the TOEFL?
International applicants who hold a bachelor's or higher degree from a university located in the United States or in another country in which English is both the spoken language and the medium of instruction, or who have completed at least two years of full-time study at such an institution, are exempt from the TOEFL requirement.

What is the minimum TOEFL/IELTS score that is required?
There are three different types of TOEFL tests you may take. The minimum score requirement for each is as follows:

  • TOEFL iBT: 87
  • Computer: 220
  • Pencil & Paper: 560

Please note  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

Bear in mind that these are minimum scores, and that few applicants have been admitted with scores below 100 on the iBT, 260 on the TOEFL-CBT, or below 600 on the paper-based version. For more information, visit the TOEFL web site or call (609) 771-7100.

The minimum overall ("band") score on the IELTS is 7.0.

TOEFL test scores are valid for two (2) years. Admitted applicants are required, upon arrival at UCLA, to take the UCLA English as a Second Language Placement Examination (ESLPE), an English diagnostic test, before being permitted to register. Depending on the results of the ESLPE, you may be required to complete English as a Second Language courses beginning in your first term at UCLA. If English courses are required, you should anticipate spending a longer period of time at the University. Admission is canceled for those who do not pass the ESLPE. Please note that you must sit for the ESLPE regardless of your score obtained on the TOEFL, IELTS or any other English proficiency test.

What type of degree does the admissions committee require for international applicants?
To be considered for admission, candidates should hold a four-year bachelor's degree from an accredited college or university in the United States, or the equivalent. If you have questions about your degree equivalency, please contact the UCLA Graduate Admissions Office. The address is Graduate Admissions Office, UCLA, 1247 Murphy Hall, 405 Hilgard Avenue, Los Angeles, CA 90095-1428, USA. Telephone: (310) 825-7290.

Are interviews part of the application process?
Yes. Interviews are done on an invitation-only basis. The MFE office will contact you after an application has been completed for an interview.

Are scholarships available?
Merit scholarships of varied amounts are awarded to students based on the overall strength of their admission application. Awards are made by the UCLA Anderson MFE Program at the time of admission or at any point during the admissions cycle.

Can I work while I am in the program?
UCLA Anderson's MFE Program is a full-time program. Part-time student status is not permitted. Students may work during their summer internship only.

When will I find out whether I am accepted or denied admission?
Decisions are rendered based on the round deadlines. Please see admission page for specific dates. Applying early is recommended.

Can I check my application status over the telephone or via email?
No, for purposes of confidentiality, we will not give information regarding your application status via telephone or e-mail. You may check your application and admission status through the online application system.

Is Financial Aid available?
Yes. Stafford loans up to $20,500 are available, and Grad Plus and private loans for amounts in excess of $20,500 are also available. For more information and to apply for a student loan (Free Application for Federal Student Aid), please go to http://www.fafsa.ed.gov/. The school code for UCLA is 001315. In addition, Merit scholarships of varied amounts are awarded to students based on the overall strength of their admission application. Awards are made by the UCLA Anderson MFE Program at the time of admission or at any point during the admissions cycle.

Do you accept transfer credits?
No. We do not accept transfer credits.  You must apply online and go through the entire admissions process to see if you qualify for an offer of admission.  If you are admitted, we require that you take all the courses offered in the curriculum while you are in the program, even if you had already taken them at another university.

Do you recommend that I visit the campus?
Applicants are encouraged to attend an information session to find out more about the program. Reservations are required. Download directions to campus here. Applicants may also arrange a classroom visit by contacting the MFE Program Office.

Do I need a laptop computer for the MFE Program?
Yes. UCLA Anderson is fully networked, and at times students use computers in class. Every student is required to have a laptop computer that is compatible with the Anderson network. Admitted students receive details about computer requirements with their orientation materials.

Can I defer my admission?
We assume that applicants each year are serious about entering UCLA Anderson; therefore, Anderson does not grant admission deferrals. Instead, all admission offers must be either accepted or declined.