

Master of Financial Engineering
- Public University
Haas School of Business
Master of Financial Engineering at UC Berkeley Overview
A well-designed Master of Financial Engineering is provided by the University of California - Berkeley Campus for a duration of 1 year. Scores for IELTS, TOEFL, GMAT and GRE are some of the tests accepted by the University of California - Berkeley Campus which is a part of the student eligibility criteria. The first year tuition fee for the Master of Financial Engineering is USD 82,901. Students should also consider additional costs such as for accommodation, food, books and other essential utilities which has an average cost of USD 22,040.
Duration | 1 year Get Curriculum |
Tuition & Fees | ₹77.24 Lakh Get Fees details |
International Students Admission Website | Go to Website |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
- Overview
- Fees
- Curriculum
- Entry Requirements
- Rankings
- Placements
- Highlights
- Scholarships
- Class Profile
Master of Financial Engineering at UC Berkeley Fees
For enrolling at the University of California - Berkeley Campus, for Master of Financial Engineering, students must pay the tuition and living cost. Moreover, the University of California - Berkeley Campus Master of Financial Engineering fee structure can vary from domestic to international students.
International students must pay the USD 82,901 for the first year. Along with this, they must be ready for other costs of living such housing, food, transportation, books and supplies, and other miscellaneous expenses. The average University of California - Berkeley Campus cost of living for international students is USD 22,040. Check out University of California - Berkeley Campus Master of Financial Engineering on the fee breakup, from the table mentioned below.
Fees components | Amount (for 1 year) |
---|---|
Tuition & fees | INR 77,23,592 |
Fees components | Amount (for 1 year) |
---|---|
Hostel & Meals | INR 19,17,455 |
Insurance | INR 5,71,599 |
Master of Financial Engineering at UC Berkeley Curriculum
For a more in-depth look at the Master of Financial Engineering program at University of California - Berkeley Campus, click the green button below. The curriculum PDF provides a detailed information regarding several key points associated with the program including the total no. of subjects, electives available to studentsand some other course related content. A semester wise breakdown of the overall course structure is also included as part of the PDF.
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

The University of California Berkeley offers various courses and has a specific requirements for admission. However, the requirements might vary depending on the course, and it is suggested to check the official website for more information. However, the following includes the basic requirements as follows for
Undergraduate programes : As an international student, you may apply to UC as either a freshman or as a transfer student, depending on your level of education. The following are the admission requirements:
Must have completed their secondary education and have earned a certificate of completion.
Never enrolled as a university student
The applicant must have a 15-year-long academic course with a GPA of 3.4 GPA
Indian students must complete both year X and XII state board or CBSE examinations, with average marks above 70 and no marks below 60.
English Language Tests accepted | Minimum score required |
---|---|
IELTS | 6.5 or higher (with no sub-skills less than 6.0) |
TOEFL | Minimum score of 80 or better |
DUOLINGO | Minimum score of 115 |
Note: the University of California may require a score higher than the minimum for admission selection. However, some campuses may request an interview to test the applicant's English Skills during the application review process.
Score 31 or higher on writing and language in the SAT
Score 24 or higher on the ACT for English language arts.
Graduate program requirements:
A bachelor's degree from an accredited institution,
A satisfactory average, usually a minimum grade point average (GPA) of 3.0 on a 4.0 scale: and
Enough UG training to do graduate work in your chosen field.
The applicant must have at least three letters of recommendation are required.
GRE or GMAT is required for certain courses. However, there is no minimum score for those exams. The university is interested in the applicant's performance in the quantitative section.
A minimum GPA of B (3.0) or better is generally the standard for consideration
English Language Tests accepted | Minimum score required |
---|---|
IELTS | A score of 7 on a scale 9 scale |
TOEFL | 90 and above |
Note: the University of California may require a score higher than the minimum for admission selection. However, some campuses may request an interview to test the applicant's English Skills during the application review process.

As of Fall 2022, the total enrollment at UCB was 45,307. Out of this, 32,479 were undergraduate students and 12,828 were graduate students. If we consider the enrollment of international students, then a total number of 7,968 students were enrolled, of which, the total undergraduates enrolled were 4,006 and 3,962 were graduate students.
UCB Fall 2022 Enrollment
| Undergraduate | Graduate | Total |
---|---|---|---|
Women | 17,808 | 6,166 | 23,974 |
Men | 14,183 | 6,459 | 20,642 |
Asian | 12,926 | 2,680 | 15,606 |
From 2019-2021, the University of California Berkeley accepted roughly 4,500+ international applicants. The itemized UC Berkeley admits data is as follows:
Term | Total International Student Applications | Total International Students Accepted | International Student Acceptance Rate |
---|---|---|---|
2019 | 17,035 | 1,545 | 9 percent |
2020 | 17,105 | 1,467 | 9 percent |
2021 | 20,981 | 1,691 | 8 percent |
With a good academic reputation, diverse student body, renowned faculty, and great alumni network, UC Berkeley is a great choice for international students. A total of 946 or 12.6% of Berkeley students came from India.
International students’ services provided by UC Berkeley
As per UC Berkeley, it provides international students with resources that include information on visas and travel, housing, financial aid, international students’ events on campus, employment authorization, and English language resources.
Increase your chances of securing admission with the guidance of our team of experienced study abroad counselors.

Some of the comparative rankings and points of Yale University and University of California Berkeley are given as follows:
Category | University of California Berkeley | Yale University |
---|---|---|
QS World Ranking 2024 | #10 | #16 |
Acceptance Rate | 9% | 4.46% |
Tuition Fees (MS) | INR 22 L - INR 64 L | INR 36 L - INR 45 L |
Average Salary (MBA) | USD 171,000 | USD 160,110 |

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 |
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.

The placement highlights at UC Berkeley based on 2022 data are given as follows:
Category | Number of Students |
---|---|
Total No. of Students | 320 |
Students Looking for Jobs | 275 |
Students who received jobs | 258 |
Students who accepted offers | 255 |
The mean base annual salary is USD 152,831 and the largest industry where students have got placed is Technology and Telecom.
Master of Financial Engineering at UC Berkeley Rankings
Rank | Rank Publisher |
---|---|
#1 | |
#5 | |
#6 |
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

According to the QS World University Ranking 2024, UC Berkeley has been ranked at #10 whereas UCLA has been ranked at #29. The comparative rankings of UC Berkeley and UCLA are given as follows:
Year | UC Berkeley | UC Los Angeles |
---|---|---|
2020 | 28 | 35 |
2021 | 30 | 36 |
2022 | 32 | 40 |
2023 | 27 | 44 |
2024 | 10 | 29 |
To check more rankings, click here.

According to the QS World University rankings 2024, UC Berkeley had a ranking of #10 whereas Stanford University has a ranking of #5. The comparative Times Higher Education rankings of UC Berkeley and Stanford University are given as follows:
Year | UC Berkeley | Stanford University |
---|---|---|
2019 | 15 | 3 |
2020 | 13 | 4 |
2021 | 7 | 2 |
2022 | 8 | 4 |
2023 | 8 | 3 |

The minimum GPA requirements needed for admission in both undergraduate and postgraduate programs are around 3.0 out of 4.0 or higher. Some PG programs might have some different requirements that students can refer to on the official programme page. Applicants are recommended to maintain a decent GPA, keeping in mind the low acceptance rate of the university. Besides GPA, other factors also help in contributing to selection such as proof of english proficiency, and submission of all mandatory documents, such as transcripts, LORs, SOP, documented work experience, if any, and additional documents required as per the requirements of the desired program

The average amount of time the University of California, Berkeley takes to process applications and come to a decision is around 4 - 6 weeks. The time taken depends on many factors. If the programme is a high-demand competitive program, the university will take more time to come to a conclusion. Moreover, given the fact how many applications the university receives each year and the acceptance rate is so low, the university takes considerable time to make decisions. The time taken also depends upon the completeness of the candidate's application, hence applicants must submit all the documents mandatorily required fro the admission process

The University of California, Berkeley offers a welcoming environment for Indian and other international students. Indian students at UC Berkeley enjoy a diverse, vibrant, and intellectually stimulating student life. They have opportunities to collaborate with a wide range of peers, engage in group projects, participate in research, and more. While the academic pace can be challenging, it is manageable with effective time management. In terms of food, Indian cuisine is easily accessible both on campus, off campus, and at nearby grocery stores.
University of California - Berkeley CampusStudents Ratings & Reviews
- Liberal
- Stressful
- Academically oriented
- Multi-dimensional
- 50% students never faced discrimination in this university
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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