Master of Financial Engineering
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Haas School of Business
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 | ₹79.80 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 79,80,377 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 19,81,205 |
| Insurance | INR 5,90,603 |
Calculated at the exchange rate of 1 USD = INR 91.68 | 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
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- 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.
UC Berkeley admission review process takes two weeks to 1 month. However most of the applicants receive call within 6-8 weeks. The comprehensive evaluation consider academics, GPA, extracurricular activities and many more are essential for the university. Srudents should anticipate this timeframe . The students are notified via e-mail and the approximate time of the decision is said to be one month after the application submission.
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 |
Both Stanford and UC Berkeley have a high reputation and subtle differences. From a ranking point of view, Stanford has the upper hand. Given below is a comparison between them, which could help you choose.
University | Rank | Acceptance Rate | Fee |
|---|---|---|---|
| UC Berkeley | # 12 | 9% | UG: INR 33.8 L - 37.74 L PG: INR 19.43 L - 62.64 L |
| Stanford | #6 | 3.68% | UG: INR 46 L - 51 L PG: INR 32 L - 1 Cr |
Some tips for students starting their first semester at the University of California Berkely campus are:
- Students should interact with as many people as possible. Mainly because, the more people you talk to the better knowledge you get.
- Applicants should avoid missing classes as 70% of learning comes from students going to classes.
- Students can get invovlved with extracuricular activities, i.e joing university clubs, sports etc.
Master of Financial Engineering at UC Berkeley Rankings
| Rank | Rank Publisher |
|---|---|
| #6 | |
| #1 | |
| #4 |
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
UC Berkeley is surely one of the toughest universities to get admission in. It has an acceptance rate of around 12% which shows the university takes the admission process very seriously. Hence it could be difficult for a mediocre or an average student to get into UC Berkeley. The basic requirement the university asks for is a GPA of 3 - 3.5 or above from an accredited university and a good English score. Lastly UC Berkeley takes a holistic approach and doesn’t just consider marks but sees looks at factors in the student's profile. These factors include Leadership, work experience, SOP, LOR and interviews that the students have to give.
University of California Berkeley requires English language proficiency for International applicants. While the University of California Berkeley mainly accepts the International English language testing system (IELTS), they also accept other English language proficiency tests. In addition to IELTS, the University of California Berkeley accepts other English proficiency tests such as TOEFL and Dulingo. The following table gives more details with the minimum score required from the tests for UG and PG minimum English requirements-
UG English test requirements
English Language Tests accepted | Minimum score required |
|---|---|
IELTS | 6.5 or higher (with no sub-skills less than 6.0) |
TOEFL | A minimum score of 80 or better |
DULINGO | Minimum score of 115 |
PG IELTS requirements:
For PG English requirements, the university mainly accepts TOEFL from graduates. However, it also accepts IELTS only.
English Language Tests accepted | Minimum score required |
|---|---|
IELTS | A score of 7 on a scale 9 scale |
TOEFL | 90 and above |
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 Berkeley offers various unique courses, Out of which MIMS is one. Graduates from this course have gone to successful careers. The graduates secured jobs in well-known companies like Google, Paypal, Twitter, Facebook, Quora and many more esteemed companies with a median salary of 1,75,000. the programme prepares students for diverse career paths, including roles such as data scientists, UX designers, product managers and technical programme managers.
Overall, the MIMS course at UC Berkeley offers an education that equips students with skills, knowledge and real time experience, which is a must before entering the real competitive world.
- A strong LOR
- Convencing SOP
- Work experince ( applicant should be ready to asnwer what changes he has bought to company)
- Social Welfare practices
- Leadership qualities.
University of California - Berkeley CampusStudents Ratings & Reviews
4 Verified Reviews- 50% students never faced discrimination in this university
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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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