December 15, 2009
First Class of Financial Engineers Graduates from UCLA Anderson
Students prepared to seek careers on Wall Street
By Paul Feinberg
On December 11, the UCLA Anderson network welcomed 37 new members in a Korn Hall ceremony. These new alumni however, carry a unique distinction. They are the first UCLA Anderson graduates to be awarded a Master of Financial Engineering (MFE) degree.
The graduates and their families were welcomed to the commencement by Professor Francis Longstaff, faculty director of the MFE program. Longstaff told the newly-minted financial engineers that "you can now hold your place in the top firms on Wall Street" and he urged them to continue their relationship with UCLA Anderson in an ongoing learning partnership.
Commencement speaker H. Gifford Fong, president of Gifford Fong Associates, reinforced Longstaff's remarks, telling the graduates that "things always change over time" and that they will need to continually adapt to these changes and that they need to have an attitude that is open to lifelong learning to succeed as financial engineers. He concluded with a wink towards their degree by hoping that "they always have a positive alpha, that they manage their beta and have a small residual variance."
As part of the ceremony, class president Scott Corwin (MBA '08, MFE '09) presented the MFE Teaching Excellence Award to Professor Levon Goukasian and the Outstanding Service Award to Adjunct Associate Professor Jason Hsu. MFE Lecturer and Executive in Residence Teri Geske awarded Shefali Agarwal, Matias Madrid and Bernie Rajamani with the Outstanding Applied Financial Project awards.
About UCLA Anderson School of Management
UCLA Anderson School of Management, established in 1935, is regarded among the leading business schools in the world. UCLA Anderson faculty members are renowned for their teaching excellence and research in advancing management thinking. Each year, UCLA Anderson provides management education to more than 1,800 students enrolled in MBA, Fully-Employed MBA, Executive MBA, UCLA-NUS Global Executive MBA, Master of Financial Engineering, and doctoral programs, and to more than 2,000 professional managers through executive education programs. Combining highly selective admissions, varied and innovative learning programs, and a world-wide network of 36,000 alumni, UCLA Anderson develops and prepares global leaders.
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