Master of Financial Engineering
4.6 /5
- Public University
Haas School of Business
Talk to ExpertMaster of Financial Engineering at UC Berkeley Overview
Master of Financial Engineering
at UC Berkeley
Master of Financial Engineering offered at University of California - Berkeley Campus is a PG course, which is considered the top-ranked course across the university and the country. Students who want to apply, can take up the course within the duration of 1 year. International students applying at for this course need to submit the necessary documents as per the department and the course. International students need to submit qualification proofs along with test scores of exams including IELTS, TOEFL, GRE, GMAT and PTE. The University of California - Berkeley Campus tuition fee for Master of Financial Engineering for the first-year international student is USD 87,046 (INR 8,355,546). In addition to the tuition fees students need to look into other various factors that are necessary to manage their stay during the study at the university, which include the other necessary costs like:
- Accommodation costs
- Hostel fees
- Food
- Books
- Supplies
- Utilities, etc.
Duration | 1 year Get Curriculum |
Tuition & Fees | ₹84.30 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
Table of contents
Master of Financial Engineering at UC Berkeley Fees
Master of Financial Engineering
at UC Berkeley
The fee structure for the Master of Financial Engineering at the University of California - Berkeley Campus covers the first-year tuition fees along with other additional charges, including the Books and supplies charges, facilities cost and many more offered by the University of California - Berkeley Campus. Other than tuition costs, students need to pay living expenses that cover various factors like rent, food, transportation, utility, and other personal expenses. The average cost of living is USD 21,610 (INR 2,074,344). The total tuition fees for the first year of Master of Financial Engineering is USD 87,046 (INR 8,355,546).
Find more details about University of California - Berkeley Campus Master of Financial Engineering on the fee breakup, from the table mentioned below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 84,29,817 |
| Application Fee | INR 26,632 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Hostel & Meals | INR 20,92,783 |
| Insurance | INR 6,23,864 |
Calculated at the exchange rate of 1 USD = INR 96.84325 | Tuition & expenses were last updated on 24ᵗʰ September 2025Master of Financial Engineering at UC Berkeley Curriculum
Master of Financial Engineering
at UC Berkeley
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
TOEFL
TOEFL
PTE
IELTS
Duolingo
GMAT
GRE
Master of Financial Engineering at UC Berkeley Entry Requirements
Master of Financial Engineering
at UC Berkeley
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- 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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GPA
Percentage
CGPA
Out of 10
TOEFL
- Marks - 90/120
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GPA
Percentage
CGPA
Out of 10
GMAT
- No specific cutoff mentioned
- NA
PTE
- No specific cutoff mentioned
IELTS
- Marks - 7/9
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GRE
- No specific cutoff mentioned
- NA
Duolingo
- No specific cutoff mentioned
Other eligibility criteria
- interview is required for admission, and are conducted on an invitation-only basis
Sign-up to view details
Master of Financial Engineering at UC Berkeley Frequently Asked Questions
Master of Financial Engineering
at UC Berkeley
Master of Financial Engineering at UC Berkeley Rankings
Master of Financial Engineering
at UC Berkeley
Course Ranking
University Ranking
| Rank | Rank Publisher |
|---|---|
| #1 | |
| #6 | |
| #6 |
Master of Financial Engineering at UC Berkeley Placements
Master of Financial Engineering
at UC Berkeley
| 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
Master of Financial Engineering
at UC Berkeley
University of California - Berkeley CampusStudents Ratings & Reviews
4.6/5
4 Verified ReviewsStudent Views (Based on Reviews)
- 50% students never faced discrimination in this university
Vibe of Campus
Liberal
Stressful
Academically oriented
Multi-dimensional
Internships4.5
Part time work4.3
Post study jobs5
Quality of faculty4.5
Student Life5
Value for money4.3
Public transportation4.8
Safety4.3
Indian Food4.8
Permanent Immigration4.3
A
Anonymous
Bachelor of Arts- Computer Science - Batch of 2025
4.4
The University is collaborative and impactful. Plenty of opportunities to explore.
Tips: Before you fully commit to this university, make sure you have a word with a student representative or a former alumni who can give you a clear idea of what to expect on campus. Get an idea of what the university stands for, its history and what your inclination is towards.
Dislikes (Permanent Immigration): The USA is easily one of the most accepting and multifaceted arenas open to people from all ethnicities, races and backgrounds especially if you're starting your life like me. If given the chance, I would certainly immigrate here especially in California.
Total Monthly ExpenseUSD 5650
Prepping time for classes35 hours/Week
Expected Annual SalaryUSD 107575
(1) 1 person found this helpfulI
Ishan Pathak
Master of Financial Engineering - Batch of 2025
4.0
Good career opportunities.
Tips: 1. Learn cooking, and try to be efficient in cooking as possible. This helps save lots of time
2. Take lots of layered clothing options, to make sure you don't catch cold
3. The MFE course in particular is intensive. Start your interview prep for placements/internships as early as possible before coming.
Likes (Internships): The course has wide range of career options ranging from technology to quantitative research in funds. The career path this program prepares for is quite varied, ranging from Data Science, Teaching to core-finance (which is its USP).
Available internships are relevant.
Dislikes (Value for money): The MFE course in particular is expensive. The internships and placements are good but obviously, it comes at a cost. The college infrastructure is quite good though. The faculty is good overall, but MFE being a fast-paced course, they breeze through the course material quite fast.
Total Monthly ExpenseUSD 1925
Prepping time for classes35 hours/Week
Expected Annual SalaryUSD 150000
(1) 1 person found this helpfulA
Anonymous
Master of Science in Computer Science - Batch of 2020
4.8
UC Berkeley: A Crowned Institution in United States.
Tips: Trust me, the university is more competitive than it seems. Students should be prepared to put in a lot of effort. At first glance, the university may appear overwhelming due to its vast size and atmosphere. However, students must take this as an opportunity and learn with their fellow. Also, this is an opportunity to build strong meaningful relationships with your fellow. As in top institutions, like UC Berkeley, apart from academics most of the students come to build these relationships only. I can recall how many good relationships I have built over my time at UC and I am still benefitting from them day-in and out. Students must enrol for a scholarship as the cost of living near the university is relatively high. If you are unable to get a scholarship try to find a good part-time job. About the country well US is US just be good around here don't go to shady areas. Some of the areas have high crime rates and shootings are a common sight. The country will treat you well if you do well.
Likes (Quality of faculty): University of California Berkeley is renowned for its academic excellence and this isn't something to talk about, Come on! Everyone knows it before coming here. The professors are highly knowledgeable and experienced. The professors are very helpful and have unique teaching patterns. It's more of an interaction than teaching and I believe that this is the best method of teaching. However, not every professor at UC Berkeley is exceptional, this needs to be said! At first, I thought enrolling myself at UC Berkeley would be very stressful; nevertheless, the professors do help at every stage to keep the classes interesting and engaging for the students.
Dislikes (Part time work): As I have pursued MS in Computer Science, it is a bit difficult to get a part-time job. The competition is fierce and so is the demand. Due to the high cost of living every other student wants to land on a good part-time job opportunity, therefore making it extremely competitive. However, with the assistance of one of my professors, I was able to land a part-time job. It is difficult to get a part-time job or internship in your field as the competition increases every year. So, start to visualize according. Don't expect that the university will spoon-feed you every single time. Some myths need to be busted!
Total Monthly ExpenseUSD 1225
Prepping time for classes17 hours/Week
Expected Annual SalaryUSD 40275
(2) 2 people found this helpfulY
Yuvaraj Tankala
Bachelor of Arts- Computer Science - Batch of 2022
5.0
Amazing experience at University of California
Tips: First and foremost, students should find an accommodation near to the campus and knowing English is better so that you can communicate with everyone. Try to learn some technology or gain some experience in coding so that you can tutor or do part-time work as a frontend or backend Engineer.
Likes (Value for money): We had global exposure with peers coming from all over the world, different cultures and habits. Also, everyone was super helpful and many students ran organizations which were helpful to upscale ourselves. Many extra curricular activities were organized.
Dislikes (Indian Food): When I was working on a project, my professor was helpful and she also connected me with other professionals on the topic I was working on. She also explained personal branding like LinkedIn's do's and don'ts. She was kind and used to give her office hours for our benefit.
Reviewed on 8 Jun 2022Read more
(3) 3 people found this helpfulView All 4 Reviews
Master of Financial Engineering at UC Berkeley Highlights
Master of Financial Engineering
at UC Berkeley
- 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
Read more
Master of Financial Engineering at UC Berkeley Scholarships
Master of Financial Engineering
at UC Berkeley
Scholarship information is not available. You can apply to non-college specific scholarships available for
USA.
View all 90 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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