To be admitted into the Master of Financial Engineering program, you must possess an impressive quantitative background and have strong communication skills.
admissions criteria and requirements below.
“Getting an MFE from a school of engineering would be like any other science degree but UCLA MFE has the added value of being in a business school. We can enroll in MBA classes and learn alongside with students from different backgrounds. We also have various networking and career events throughout the program. UCLA MFE not only focuses on academic excellence, but also puts a lot of emphasis on our future careers.”
— Audrey Zhou
Home city and country: Shanghai, China
Pre-MFE degree(s): Mathematics Economics
Summer Internship: KPMG LLP, Modeling and Valuation Advisory Intern
We accept applications beginning mid-September through the end of April each year. All applicants must apply to the MFE program through the Division of Graduate Education's online platform.
Important Application Tips:
- 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.
- All application materials must be electronically received by the application completion deadline to be placed in that round. Please DO NOT mail your documents unless you are offered admission to the MFE program.
- 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.
- When filling in the application DO NOT submit a writing sample, a statement of purpose, a diversity statement or a fellowship application. Those items are part of the generic Graduate Division application and ARE NOT required for the MFE program. Make sure you fill out the "Master of Financial Engineering" section and the "Master of Financial Engineering - Essays" section, which will appear in the application after you have selected "MANAGEMENT MFE – MASTER OF FINANCIAL ENGINEERING" as your plan for graduate study.
- Please use the "Supporting Documents" section to upload any supplemental information (e.g. CFA and/or FRM Certificates, Coursera Course Certificates, Diplomas, Degree Certificates, etc.).
- Please note: Although the final (3rd round) deadline is April 30, we will consider accepting applications after the deadline on a case-by-case basis. Late application submissions need to be approved by the MFE Admissions Committee before submitting and there is no guarantee that the request will be approved. Please reach out to firstname.lastname@example.org if you would like to be considered. The subject line should be: "Missed Final Application Deadline - Requesting Approval to Submit Late Application".
A nonrefundable 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.
Scanned copies of transcripts from all educational institutions attended must be uploaded in the online application. Original transcripts or documents are only required AFTER you have been admitted. Candidates must hold at least a bachelor's degree (four-year degree or equivalent) from a recognized accredited institution. Bachelor's degrees must be conferred prior to the September program start date.
- The UCLA Anderson MFE Admissions Committee uses the transcript copies you upload with your application to do a preliminary evaluation of your academic qualifications.
- Transcripts from all educational institutions attended must be uploaded in the online application. Only admitted candidates should send us official hard-copy documents upon request.
- 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.
- International Applicants: Records needed from schools outside the United States must include multiple documents, as described here.
Required Educational Background:
- Candidates for admission to the MFE program must hold at least a bachelor's degree (four-year degree or equivalent) from a recognized accredited institution.
- While no specific undergraduate major is required, most students will have a degree in a quantitative subject matter, 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.
Applicants must take either the GMAT or GRE. The GMAT or GRE score is valid for five years. The Admissions Committee will accept the highest score if a particular test was taken more than once, but it will have access to all your scores.
Relevant test scores should be sent to the following institution codes:
You are required to take the Graduate Management Admission Test (GMAT) or Graduate Record Examinations (GRE) for admission to the MFE program.
- Applications cannot be reviewed without complete test scores (reported officially by the GMAT or GRE office), and applications are reviewed only in the round when scores are received.
- The GMAT or GRE test is valid for five years.
- Official GMAT score reports are sent electronically upon your request from Pearson VUE to UCLA Anderson MFE Admissions (School Code 2NZ-2F-21).
- Official GRE score reports are sent electronically upon your request from the Educational Testing Service (ETS) to UCLA Anderson MFE Admissions (Institution Code 4837).
- We primarily evaluate your top score, but all scores reported to UCLA Anderson are visible to the Admissions Committee.
- No minimum GRE/GMAT is required, and the Admissions Committee has the flexibility to consider all scores in the context of your overall academic preparation and management potential.
- For further information and testing arrangements, please visit the GMAT or GRE website.
Letters of Recommendation
Two letters of recommendation (submitted online) are required from individuals, preferably direct professional or academic supervisors, who are well acquainted with your performance in a work setting.
- Each MFE program applicant must register two* recommenders' professional email addresses (e.g., email@example.com) so that they can receive instructions on how to submit their letter of recommendation through the online application system. These registered email addresses should not be personal email accounts (e.g., firstname.lastname@example.org).
- 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 from family, friends and coworkers are inadmissible.
*Please note: The Graduate Division requires three letters of recommendation for an application to be complete. You can work around this by entering our email address (please use email@example.com) in the third space. In the first and last name spaces, you can type "3rd Letter." This will "trick" the system into thinking that the recommendation section of your application is complete, and it will allow you to submit your application if you have met all other requirements.
Applicants are required to submit two essays as part of the online application to the MFE program. One optional essay may also be submitted to supply additional information you think would help us evaluate your potential to succeed in the MFE program. The application essays help the Admissions Committee become acquainted with applicants as individuals, and they demonstrate an applicant's ability to write concisely and economically.
The essay topics can be found within the MFE Supplemental section of the Graduate Division online application. They 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)
- Feel free to provide any other information you think would help us evaluate your potential to succeed in the program. (maximum 375 words)
- Reapplicants to the MFE Program do not need to resubmit the two above essays. They are, however, required to complete and submit an essay for the following prompt
- Please describe your academic or career progress since you last applied as well as the ways in which you have enhanced your candidacy. Include updates on short-term and long-term career goals. (750 words)
Please upload essays in PDF format.
It is important that applicants respond to essay questions candidly and completely. Essays that fall significantly below the required word count will be detrimental to your application.
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.
Work History / Resume
Work or research experience in a quantitative discipline is recommended but not required for admission to the MFE program. Exceptional undergraduates with strong quantitative backgrounds are encouraged to apply.
On average, admitted students have three years of full-time experience before entering the MFE program.
Please complete the Professional Experience portion of the application and upload a resume as a PDF in the section marked "Resume/CV." Include all full-time positions you have held, and account for any employment gaps since college. If you have only held internship positions, you may list them on your resume, however, you must indicate that they were internships and report the start and end date of each one.
TOEFL / IELTS (International Applicants)
TOEFL or IELTS scores are required of all applicants whose native language is not English. The TOEFL/IELTS 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 both India and Singapore).
International students who hold a bachelor's degree or higher from a university located in Australia, Barbados, Canada, Ireland, Jamaica, New Zealand, United Kingdom and the United States, or who have completed at least two years of full-time study at such an institution, are exempt from these requirements. Learn more.
- Official TOEFL score reports are sent electronically upon your request from the Educational Testing Service (ETS) to UCLA Anderson MFE Admissions by just selecting institution code 4837 - UCLA ANDERSON SCHL OF MGMT.
- Applicants who are submitting an IELTS score must email their Test Report Form (TRF) number to firstname.lastname@example.org. The Admissions Team will then download and attach your official score report.
- TOEFL test scores are valid for two 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 will be canceled if you do not pass the ESLPE. If you achieved a score of 100 or higher on the TOEFL iBT, or 7.5 or higher on the IELTS, the ESLPE requirement is waived!
CFA, FRM, and other Professional Designations:
Include these in the "Professional Designations" section under the "Master of Financial Engineering" tab, and upload a copy of your results in the "Supporting Documents" tab.
Interview (by Invitation only)
Interviews are conducted on an invitation-only basis. Once an application is completed, the Admissions Committee may request an interview with a prospective student.