Master of Financial Engineering
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Talk to ExpertMaster of Financial Engineering at UC Berkeley Overview
International students can pursue Master of Financial Engineering at PG level at University of California - Berkeley Campus. The duration of the course at the university is 1 year. The course is among the top-ranked courses in the International students must meet the entry requirements such as complete academic qualification, a valid test score in exams such as IELTS, TOEFL, GMAT and GRE to be eligible for the course. The University fees for international students for Master of Financial Engineering is around USD 82,901 for first-year. Students must manage additional costs such as
- Rent
- Hostel fees
- Food, books
- Supplies
- Utilities, etc.
Duration | 1 year Get Curriculum |
Tuition & Fees | ₹81.04 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
Master of Financial Engineering at UC Berkeley Fees
The first-year tuition fee for the Master of Financial Engineering at the University of California - Berkeley Campus is USD 82,901. Moreover, the fee structure for the Master of Financial Engineering comprises the first-year tuition fees, supplement charges, facility requirements, and other additional charges offered by the University of California - Berkeley Campus.
Apart from the tuition cost and university charges, students should also keep in mind the extra expenses to stay at the university or any nearby accommodation. They are required to manage the finances for various factors like rent, food, transportation, utility, and other personal expenses, which can vary as per the individual, however, the average cost of living is USD 22,040.
Check the detailed information on the University of California - Berkeley Campus Master of Financial Engineering on the fee breakup, from the table below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 81,04,439 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 20,12,004 |
| Insurance | INR 5,99,784 |
Calculated at the exchange rate of 1 USD = INR 93.10525 | Tuition & expenses were last updated on 24ᵗʰ September 2025Master of Financial Engineering at UC Berkeley Curriculum
International students can access detailed course information by clicking the green button below for the University of California - Berkeley Campus Master of Financial Engineering program. The course PDF includes details on subjects covered, available electives, other course content, and a semester-wise breakdown of the curriculum.
Download exam sample paper
Master of Financial Engineering at UC Berkeley Entry Requirements
- No specific cutoff mentioned
- CGPA - 3/4
- Read less
- Applicants should have sufficient training to undertake graduate study in the chosen field and a satisfactory scholastic average, usually a minimum of 3.0 in upper division work
- Applicants need to demonstrate a strong quantitative background including linear algebra, multivariate calculus, differential equations, numerical analysis, and advanced statistics and probability
- Applicants should also have prior exposure in computer programming (C++, Python) and familiarity with computers as a computational and management tool.
- should have completed degree programs representing a minimum of 16 years of schooling with at least 12 years at the primary and secondary levels.
- A bachelor's degree that represents four or more years of course work such as the B. Engineering, the B. Technology, and the B. Architecture, or a master's degree in a nonengineering or technical field.
-
Prerequisites include:
- Computer Programming Experience
- Quantitative Background
- Training in Finance
- Language Skills
- In some cases, applicants may be admitted conditionally on the successful completion of one or more recommended courses before enrollment in the program
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Out of 10
- Marks - 90/120
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Out of 10
- No specific cutoff mentioned
- NA
- No specific cutoff mentioned
- Marks - 7/9
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- No specific cutoff mentioned
- NA
- No specific cutoff mentioned
- interview is required for admission, and are conducted on an invitation-only basis
Master of Financial Engineering at UC Berkeley Frequently Asked Questions
UCB is known for its STEM courses. UC Berkeley is known for its science and engineering programs. Some of its high-ranking majors include-
- Computer and Information Sciences
- Biotechnology
- Engineering (Computer, Electrical, Chemical, Materials Science)
- Ecology
- Economics
- Law
- Physics
- Political Science
The quality of its scientific research and world-class education has kept it among the top universities in the world consistently. UC Berkeley is home to renowned faculty members, Nobel laureates, and MacArthur ‘genius’ grant recipients, and its academic programs are highly respected in a wide range of fields.
UCLA and UC Berkeley are top ranked institutes offering unique campus cultures and academic courses andwhile they share a good reputation there are subtle differences between them. The below table compares the rankings, fees and acceptance rate of UCLA.
Name of The University | Shiksha Ranking | 1st Year Tuition Fee |
|---|---|---|
UCLA | #20 | UG: INR 40.18 L - 44.54 L PG: INR 23.95 L - 65.54 L |
UC Berkely | # 8 | UG: INR 27.8 L - 49.7 L PG: INR 22.42 L - 1.07 Cr |
UC Berkely is among the top choices of international students for pursuing higher education as comapred to other UC campuses. UC Berkely is well known for offering best academic progranms, innovative research, excellent faculty, global presenaqce, and more. UC Berkely has a rich network of more than 600,000 alumni members worldwide. Some popular programs opted by international students at UC Berkeley include Computer Science, Engineering, and Economics. Check the table listed below between UC Berkeley and other UC Campus to know the major difference-
Category | UC Berkeley | Other UC Campuses |
|---|---|---|
Ranking | #1 among UC schools (top 5–10 globally in many fields) | Varies (UCLA, UCSD, UCSB also strong) |
Faculty & Research | World-renowned | Also strong, but generally a step below |
Selectivity | Very competitive (esp. for CS, EE, Econ) | Less selective, depending on campus/major |
Alumni Network | Massive global network | Still strong, but smaller reach |
Graduate Salaries | Among the highest in the UC system | Slightly lower on average |
Yes, the University of California Berkeley offers a large variety of scholarships for Indian students. UC Berkeley offers more than 20,000 scholarships and grants as a part of their database. Indian students can be eligible for federal, state, and need-based university financial aid. The types of financial aid available to international students are given as follows-
- Federal and State Financial Aid
- External Financial Aid
- Merit-Based Financial Aid
- Need-Based Financial Aid
As per the admission selectivity, Yale Uni is more selective than UC Berkeley with an acceptance rate of around 4.5%. Some of the comparative rankings and points of Yale University and University of California Berkeley are given as follows:
| Category | UC Berkeley | Yale University |
|---|---|---|
| QS World Ranking 2024 | #10 | #16 |
| Acceptance Rate | 9% | 4.5% |
| Tuition Fees (MS) | INR 22 L - INR 64 L | INR 36 L - INR 45 L |
| Average Salary (MBA) | USD 171,000 | USD 160,110 |
Master of Financial Engineering at UC Berkeley Rankings
| Rank | Rank Publisher |
|---|---|
| #6 | |
| #6 | |
| #1 |
Master of Financial Engineering at UC Berkeley Placements
| Particulars | Statistics (2023) |
|---|---|
| Average Salary | USD 1.56 Lakh |
| % Batch placed | 97 |
| Internship Available | Yes, The 10-week internship project is a required condition for graduation The internship period is from October to January Internship Statistics Class of 2018: Total Number of Students: 68 Number of Stude The 10-week internship project is a required condition for graduation The internship period is from October to January Internship Statistics Class of 2018: Total Number of Students: 68 Number of Students Looking for Job: 67 Number of Total Students Placed: 67 % of Students Placed: 100% Number of Total Offers: 115 Number of Total Students With Offers: 67 % of Students With Offers: 100% Average Monthly Compensation: $8,037 Median Monthly Compensation: $8,000 Companies offering internships include: Bank of America, Barclays, Capital Group, McKinsey & Company, Morgan Stanley, etc. |
Master of Financial Engineering at UC Berkeley Students also asked
Some of the Business and Management course rankings at University of California Berkeley are given as follows:
| Year | QS - Global MBA | Times Higher Education - PG Business and Economics |
|---|---|---|
| 2019 | 17 | 6 |
| 2020 | 9 | 5 |
| 2021 | 10 | 9 |
| 2022 | 11 | 6 |
| 2023 | 11 | 7 |
To check more rankings, click here.
According to the QS World University rankings 2026, UC Berkeley had a ranking of #17 and Stanford University has a ranking of #3. The comparative THE rankings of UC Berkeley and Stanford University are given as follows:
| Year | UC Berkeley | Stanford University |
|---|---|---|
| 2024 | 10 | 5 |
| 2025 | 12 | 6 |
| 2026 | 17 | 3 |
Yes, Shiksha counselling helps find students housing near the university in affordable prices. It is interesting to note that all the services provided by Shiksha counselling is absolutely free of cost. Once a student has been selected by Webster University, they can look for accommodations near the university with the help of Shiksha free counselling.
The University of Michigan and UC Berkeley are two popular universities to study MS in the USA. They offers master's course in multiple specializations at an affordable cost. The table below includes the comparison between these two universities for MS course:
| Universities | MS First Year Fees | Number of MS Specializations |
|---|---|---|
| UC Berkeley MS | INR 22 L - 70 L | 40 |
| University of Michigan MS | INR 28 L - 68 L | 70 |
Bothe the universities are almost equal in terms of tuition fees and they offer MS in multiple specilizations. Therefore, it's your choice where you wish to study MS in the USA.
The industry which yielded the highest 'mean base annual salary' for MBA graduates was Consulting, with the compensation being USD 166,350. This was followed by Real Estate and Rotational Programs/HR with students obtaining mean base annual salaries of USD 151,980 and USD 146,667 respectively. Check the table below for salary details.
Industry | Mean Base Annual Salary | Median Base Annual Salary |
|---|---|---|
Consulting | USD 166,350 | USD 175,000 |
Real Estate | USD 151,980 | USD 147,500 |
Rotational Programs/HR | USD 146,667 | USD 140,000 |
Corporate | USD 144,943 | USD 142,500 |
Finance | USD 143,282 | USD 140,000 |
Marketing | USD 142,749 | USD 145,000 |
University of California - Berkeley CampusStudents Ratings & Reviews
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Master of Financial Engineering at UC Berkeley Highlights
- The program is ranked as No. 1 in 2018 in the USA by TFE Times
- The Berkeley Master of Financial Engineering Program, a STEM designated degree, prepares students with the knowledge and skills for a career in the finance/fintech industry
- The MFE Program's curriculum challenges students to think of innovative ways to integrate quantitative methods with the theoretical framework and institutional settings in which they are applied
- The program is taught by a renowned faculty comprised of prominent scholars and industry luminaries, MFE courses are anchored in cutting-edge research and best practices in financial engineering
- Graduates will be ready to take a leading role in a fast-growing field that demands individuals who can apply their education and skills at the cutting edge of finance in investment banks, commercial banks, and other firms around the world
- MFE graduates received job offers in each of the previous four years at the highest average starting salary of any similar program
- Students have the option of completing a one-credit project or three-credit project. The $5,000 Morgan Stanley Applied Finance Project Award is given to the best three-credit project
Master of Financial Engineering at UC Berkeley Scholarships
Class Profile
| Average class profile for this course | |
|---|---|
| Work Experience | 2.6 |
| Bachelors GPA / Percentage | 3.72 |
| Student Age | 26 |
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