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Master of Financial Engineering 

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#3 in MS in USA

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Master of Financial Engineering
 at 
UC Berkeley 
Overview

Duration

1 year
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Tuition & Fees

77.18 Lakh
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Course Level

PG Degree

Master of Financial Engineering
 at 
UC Berkeley 
Fees

icon1st year tuition fees
Fees componentsAmount (for 1 year)
Tuition & feesINR 77,18,369
iconOther expenses in 1st Year
Fees componentsAmount (for 1 year)
Hostel & MealsINR 19,16,159
InsuranceINR 5,71,212
Info IconCalculated at the exchange rate of 1 USD = INR 88.67 | Tuition & expenses were last updated on 24ᵗʰ September 2025

Master of Financial Engineering
 at 
UC Berkeley 
Curriculum

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Master of Financial Engineering
 at 
UC Berkeley 
Entry Requirements

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Master of Financial Engineering
 at 
UC Berkeley 
 
Frequently Asked Questions

Q:   Does UC Berkeley offer scholarships to international students?
A: 

Yes, if you're an Indian student, you do get the option to apply for scholarships which are offered, not only by the university, but also by external sponsors. Some popular options you can apply to as an Indian student are mentioned below:

Scholarship

Financial Reward

Berkeley UG Scholarship

Up to USD 6,000

Fiat Lux Scholarship

NA

Middle Class Scholarship

Up to USD 201,000

Regents and Chancellors Scholarship

USD 2,500

Q:   What are the popular courses at University of California Berkeley?
A: 

Even though there are more than 350 courses to choose from, programs in Computer Science, Social Science, Engineering, Business, Maths, and Marketing, are among the popular courses at the university.

Q:   What is the fees for international students at University of California Berkeley?
A: 

The tuition fees for international students in a year at UC Berkeley are given as follows:

Courses

1st Year Tuition Fees

MS (27 courses)

INR 21.8 L –INR 62.7 L

BA (42 courses)

INR 33.8 L

MBA/PGDM (4 courses)

INR 21.8 L – INR 67.2 L

BE/ B.Tech (24 courses)

INR 33.8 L – INR 39.4 L

MEng (9 courses)

INR 27.4 L – INR 28 L

here.

(7 courses)

INR 21.8 L – INR 66.1 L

MDes (1 course)

INR 22 L

Others (6 courses)

INR 21.8 L – INR 26.2 L

MEng (6 courses)

INR 42.8 L – INR 45.2 L

Others UG (19 courses)

INR 33.8 L – INR 39.4 L

To know about more courses & fees, click here.

Q:   Which is better; UC Berkeley or Stanford?
A: 

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:

YearUC BerkeleyStanford University
2024105
2025126
2026173
Q:   What are the student values of the University of California?
A: 

The University of California is constantly ranked among the top 10 business schools globally. Additionally, the students at the University of California are shaped to understand things deeply, with compassion, and open-mindedness among all of them. The university ensures the freedom of dialogue, expression, and more. On the variety of opinions held by our unique and different campus communities, courteously and peacefully.

Master of Financial Engineering
 at 
UC Berkeley 
Rankings

Master of Financial Engineering
 at 
UC Berkeley 
Placements

ParticularsStatistics (2023)
Average SalaryUSD 1.56 Lakh
% Batch placed97
Internship AvailableYes,

Master of Financial Engineering
 at 
UC Berkeley 
 
Students also asked

Q:   What are job opportunities post-degree at University of California Berkeley?
A: 

The placement rate at UC Berkeley is around 98% and the graduates are employed within 6 months of graduation. Top companies where these graduates work are Amazon, Meta, Google, Meta, Microsoft, etc. The graduates of this university have the skills leadership, research, management, marketing, business development, project management, etc. 

Q:   What are the Business and Management course rankings at UC Berkeley?
A: 

Some of the Business and Management course rankings at University of California Berkeley are given as follows:

YearQS - Global MBATimes Higher Education - PG Business and Economics
2019176
202095
2021109
2022116
2023117

To check more rankings, click here.

Q:   Who are the notable alumni of University of California Berkeley?
A: 

University of California Berkeley is one of the oldest universities worldwide. It has an alumni network of over 550,000 members. UC Berkeley alumni network has famous personalities, innovators, industry leaders, mentors, entrepreneurs and more. University of California Berkeley alumni works in best companies such as Google, Apple, Amazon, Microsoft, Salesforce, and Open AI. Some of the alumni members at UC Berkeley are below:

  • Steve Wozniak
  • Gregory Peck
  • Chris Pine
  • Daniel Kahneman
  • Brenda Song
  • Alex Morgan
  • John Cho
  • Aaron Rodgers
  • Ki Hong Lee
  • Edith Head
  • George Takei
  • Marshawn Lynch
  • Nnamdi Asomugha
Q:   How is freshman housing at University of California Berkeley?
A: 

First year students at University of California Berkeley mostly choose to stay at the campus residence halls which includes 96% of the students choosing the community, convenience and academic advantages of the residences. Some of the facilities offered at the university are given as follows:

  • The residence halls include live-in staff utilities such as the internet connection, security, community centers, on-site laundry, and easy access to transportation.
  • Residence halls at the campus have a contract that includes a Berkeley Dining Blue Meal plan along with flexible upgrade plans and dollar flex options. 
  • There is an activity center around the residential areas that include activities such as off-campus excursions, workshops, faculty dinners, study groups, social events, and more opportunities. 
Q:   What is the difference between Yale and University of California-Berkeley?
A: 

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:

CategoryUC BerkeleyYale 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 171,000USD 160,110

University of California - Berkeley Campus
Students Ratings & Reviews

4.6/5
Verified Icon4 Verified ReviewsInfo Icon
Student 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
AnonymousVerified Icon
Bachelor of Arts- Computer Science - Batch of 2025
Offered by University of California - Berkeley Campus
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
Reviewed on 12 Jun 2024Read more
Thumbs Up Icon(1) Thumbs Down Icon1 person found this helpful
I
Ishan Pathak Verified Icon
Master of Financial Engineering - Batch of 2025
Offered by University of California - Berkeley Campus
4
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
Reviewed on 27 Mar 2024Read more
Thumbs Up Icon(1) Thumbs Down Icon1 person found this helpful
A
AnonymousVerified Icon
Master of Science in Computer Science - Batch of 2020
Offered by University of California - Berkeley Campus
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
Reviewed on 24 Oct 2023Read more
Thumbs Up Icon(2) Thumbs Down Icon2 people found this helpful
Y
Yuvaraj Tankala Verified Icon
Bachelor of Arts- Computer Science - Batch of 2022
Offered by University of California - Berkeley Campus
5
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
Thumbs Up Icon(3) Thumbs Down Icon3 people found this helpful
View All 4 ReviewsRight Arrow Icon

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
Read more

Master of Financial Engineering
 at 
UC Berkeley 
Scholarships

Scholarship information is not available. You can apply to non-college specific scholarships available for USA.
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Class Profile

Average class profile for this course
Work Experience2.6
Bachelors GPA / Percentage3.72
Student Age26

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About the author

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Tasneem Hoda

Study Abroad Expert

Tasneem Hoda is a Content Creator and Writer working for Shiksha.com. Her role includes developing and maintaining web pages for international universities at the Shiksha Study Abroad Portal, ensuring accuracy, completeness, and alignment with instit...Read Full Bio

Master of Financial Engineering
 at 
UC Berkeley 
Contact Information

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Berkeley, CA, United States
Berkeley ( California)

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