Master of Financial Engineering Program

Application Requirements

To apply to the MFE Program, applicants must submit an online application. The MFE Program no longer has a paper application. To be considered for admission, an applicant must have successfully completed the following:

University Transcripts

Proof of a valid degree from an accredited institution, comparable to the four-year Bachelor's Degree from UC Berkeley. 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. Check the Prerequisite Course List for details. You should also have prior exposure in computer programming (C, C++) and familiarity with computers as a computational and management tool.

In some cases, applicants may be admitted conditional on the successful completion of one or more recommended courses before enrollment in the program. For more information please refer to our Frequently Asked Questions.

GMAT or GRE Score Reports

We require either the GMAT or GRE. All GMAT and GRE scores are valid for five years and should not be older than April 1, 2013 for Spring 2018 entry. When ordering GRE scores, use institution code 4833 and department code 4399. For GMAT scores, use program code N2V-PT-87. Applicants who will hold a PhD degree before December 31, 2017 can waive the GRE requirement. If you have any other questions, don't hesitate to contact us.

When selecting score recipients on the day of the test, or sending additional score reports through the GRE website, test takers should type the name or partial name of the department, e.g. "Business", and the computer will list all department codes that match alphabetically. Test takers should NOT enter a department code number because the computer does not conduct a numeric match. To illustrate, please see this screen shot with U CA Berkeley selected as the score recipient.

Test takers are asked to enter the four digit department code only if they are sending scores through the automated phone service. When sending scores online or on the day of the test, they should type in the name of the department, not the numeric code.

Two Letters of Recommendation

We require two letters of recommendation. Letters should come from individuals who are familiar with your training in quantitative methods and their remarks should address your ability to apply your quantitative skills. Recommendation letters should be written by an individual in a position to evaluate you either professionally or academically (e.g., a supervisor, project leader, or instructor). Recommendations from co-workers, friends or family members are inadmissible.


Interviews are conducted on an invitation-only basis. Please refrain from contacting the office to request an interview. You will be contacted by the MFE Program office if an interview is necessary to make a decision on your application

  • Who is interviewed: As we state in the application, the interviews are conducted on an invitation-only basis. As such, we ask that you please do not contact us to schedule an interview unless we have already reached out to you to do so. Not all candidates are invited to interview.
  • Interview purpose: The purpose of the interview is for the admissions committee to gain a better understanding of your skillset and to understand what you may need to do in order to better prepare for the program should you be offered the hold or admit status.
  • Role of the Interviewer: The interviewers are not members of the admissions committee, nor do the interviews determine the admissions decisions. What is covered in the interview?: Interviews can cover a range of topics, but please note that if a subject is part of the prerequisite skillset for the MFE program, or if it is noted on your resume, then it may be covered during the interview.
  • Multiple interviews: Sometimes we interview a candidate more than once. This is because at times, the admissions committee has further questions and wishes to know more about a candidate than was covered in the interview.
  • Post-Interview: We ask that you do not contact the interviewers with questions about your admissions status, or about "how the interview went", as the interviewer will not be able to answer these questions. If you do have questions, you are encouraged to send them to the admissions committee,
  • Application Cycle

    Applications are reviewed on a rolling basis. Applicants may submit a complete application starting from December to November each year. Please remember that there is no fall admission; the MFE Program begins in March of every year. For application deadline dates click here.

    Special Circumstances: The MFE Program does not accept any credits or transfers from other universities. All admission decisions are final, and there is no appeals process.

    Please note that students who are offered admission will be given a deadline to submit the first fee payment installment. If the deadline is not met, we reserve the right to rescind our offer of admission.

    If you have questions about your application, please direct them to or please call (510) 642-4417. Please do not direct application questions to individual staff or faculty members.