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The Financial Engineering program at the University of California Los Angeles (UCLA) is designed to equip students with advanced quantitative skills and practical knowledge to solve complex financial problems. This interdisciplinary course combines f...
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Duration
24 Months
Degree Level
Masters
Field of Study
Business & Management
Intl. Fee
$56,000 per year
Intake
Fall
Deadline
December 15
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The Financial Engineering program at the University of California Los Angeles (UCLA) is designed to equip students with advanced quantitative skills and practical knowledge to solve complex financial problems. This interdisciplinary course combines finance, mathematics, statistics, and computer science, preparing graduates to excel in areas such as risk management, derivatives pricing, portfolio management, and financial technology. With a curriculum crafted by leading experts, students engage in rigorous coursework and hands-on projects that mirror real-world financial challenges. UCLA's location in Los Angeles offers unique networking opportunities with top financial firms and tech startups. Graduates emerge as skilled professionals ready to innovate in banking, investment, insurance, and fintech sectors. The program emphasizes analytical thinking, computational techniques, and ethical financial decision-making to foster leaders who can navigate the evolving financial landscape globally.
This program is ideal for individuals with strong quantitative backgrounds who aspire to build careers in finance, risk management, or fintech innovation. It suits recent graduates in mathematics, engineering, economics, or computer science seeking practical financial expertise. Professionals aiming to enhance technical skills and transition into advanced financial roles will also benefit. Applicants must be motivated to engage in rigorous analytical coursework and thrive in a dynamic, interdisciplinary environment.
Graduates of UCLA’s Financial Engineering program are prepared for roles such as quantitative analyst, risk manager, financial engineer, portfolio manager, and data scientist. The program’s strong industry connections and applied learning approach facilitate placements in banks, hedge funds, insurance companies, and fintech firms. Alumni often pursue careers involving pricing complex derivatives, managing financial risks, and developing innovative trading algorithms. The skillset acquired ensures adaptability to evolving financial markets worldwide.
Applicants must hold a bachelor’s degree from an accredited institution with a strong background in mathematics, statistics, economics, or engineering. A competitive GPA, preferably above 3.0, is expected. Submission of GRE or GMAT scores is required, highlighting quantitative proficiency. Candidates must provide three letters of recommendation, a statement of purpose outlining career goals and motivation, and a current resume. Prior programming experience in languages such as Python, R, or C++ is highly recommended. International applicants must meet English proficiency standards. UCLA values diversity and looks for candidates demonstrating leadership, analytical skills, and the ability to thrive in a collaborative environment.
Indian applicants must have a recognized bachelor’s degree with strong quantitative coursework in mathematics, statistics, or related fields. Submission of GRE scores with competitive quantitative marks is essential. English proficiency evidenced by TOEFL or IELTS is mandatory. Recommended documents include academic transcripts, three letters of recommendation from professors or professionals, a statement of purpose detailing career goals, and a current resume. Relevant programming experience and internships in finance or technology can strengthen applications. Early application submission is advised due to high competition.
International applicants must demonstrate English proficiency through TOEFL or IELTS scores. A minimum TOEFL iBT score of 90 or IELTS overall band of 7.0 is required. Alternative proof such as a degree from an English-instruction institution may be accepted. Meeting these standards ensures students can successfully engage with rigorous academic content and participate fully in discussions and projects.
Indian students should begin the application process early to ensure timely visa processing and scholarship consideration. It is critical to meet all English language requirements with valid TOEFL or IELTS scores. Authentic academic transcripts and recommendation letters must be prepared and verified. Financial documentation demonstrating sufficient funds for tuition and living expenses is mandatory for visa approval. Indian applicants are advised to gain relevant programming and quantitative skills prior to applying to enhance competitiveness. Familiarity with US educational culture and visa rules is important for a smooth transition. UCLA offers support services specifically tailored to Indian and other international students.
International Tuition Fee
$56,000 per year
Home/Local Tuition Fee
$33,000 per year
* Fees are subject to change. Please verify with our counselors or the university website.
For Indian students, the approximate annual tuition fee converts to around ₹4,200,000 INR for international fees and ₹2,475,000 INR for local fees, based on current exchange rates. Additional living and miscellaneous expenses should be factored into the budget.
The tuition fees for the Financial Engineering program at UCLA are approximately $56,000 per year for international students and $33,000 per year for local residents. Additional fees for health insurance, campus services, and materials may apply. Students should budget for living expenses in Los Angeles, which can be significant.
UCLA offers merit-based scholarships and fellowships for Financial Engineering students, including partial tuition waivers and research assistantships. Prospective students are encouraged to apply early and submit strong academic records to increase scholarship eligibility. External funding sources and private scholarships may also be pursued. Financial aid offices provide guidance for international students seeking scholarships.
International students admitted to UCLA must apply for an F-1 student visa to study in the United States. The university’s International Student Office provides comprehensive support for visa application, including issuing the Form I-20. Students should prepare required documents such as proof of financial support, passport, admission letter, and SEVIS fee payment receipt. Visa interviews at the US embassy or consulate are mandatory. Maintaining full-time enrollment and complying with visa regulations is essential for lawful stay.
The F-1 student visa is required for international students enrolling at UCLA. Applicants must receive the Form I-20 from UCLA after admission and pay the SEVIS fee before scheduling a visa interview. The visa interview involves presenting proof of financial resources, academic admission, and intent to return after studies. Students must maintain full-time enrollment and comply with visa regulations throughout their studies. UCLA provides orientation and support services to help students navigate visa requirements.
Upon graduation, international students may be eligible for Optional Practical Training (OPT), allowing up to 12 months of work authorization in the United States. STEM-designated programs, including Financial Engineering, qualify for a 24-month OPT extension, totaling up to 36 months of work experience. This opportunity enables graduates to gain practical experience in their field with US employers. Additionally, students may pursue H-1B work visas sponsored by employers for longer-term employment. UCLA’s career services assist students in job placement and visa transition guidance.
"We highly recommend prospective students to thoroughly prepare their quantitative and programming skills before applying to UCLA’s Financial Engineering program. Early application submission increases chances for scholarships and smooth visa processing. Engage actively with UCLA’s career services and networking events to maximize internship and job opportunities. Indian students should ensure all documents are complete and meet English proficiency criteria. Consider exploring external funding options alongside UCLA scholarships to ease financial burden. Finally, familiarize yourself with US student visa regulations and post-study work options to plan your career path effectively after graduation."
The program typically takes 1 to 2 years to complete, depending on the student's course load.
Work experience is not mandatory but can strengthen your application.
GRE scores are generally required; however, exceptions may be considered on a case-by-case basis.
Yes, UCLA offers merit-based scholarships and assistantships for eligible international students.
A minimum TOEFL iBT score of 90 or IELTS score of 7.0 is required for non-native English speakers.
Graduates may apply for Optional Practical Training (OPT) including a 24-month STEM extension.
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