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Page 1: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods
Page 2: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Agenda | Overview

Program OverviewCareersAdmissions Student ServicesQ&AResources

Page 3: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Integrated into the required experiential learning courses

360-degree reviews and individual and team coaching from professional facilitators and coaches

Team Performance Module

Program Overview | Why Berkeley?

In one year, the Berkeley MFE Program will prepare you with the knowledge and skills necessary to propel you to the cutting-edge of finance.

Page 4: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Why Choose the Berkeley

MFE Program?

Program Overview | Why Berkeley?

An Unparalleled Career Advantage

A Unique, Rigorous Curriculum

A Diverse, Talented Community

Page 5: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

We Look For:• Strong quantitative skills• Machine Learning & Artificial

Intelligence coursework • Strong programming skills

• Python, R, Matlab, C++, KDB+, Q• Strong communication skills

• Ability to explain complex concepts in layman’s terms

• Strong intuition and logic

We Offer You:• Independent study projects within

the financial industry• A cutting-edge, tailored curriculum• Top-notch career placement

Program Overview | Why Berkeley?

Page 6: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

The Berkeley MFE’s Unique Advantage

• We prepare our applicants before they become our students

• Online courses, local universities

• CFA• Preprogram courses

• C++, • Mathematics for Financial

Engineers• Statistics for Financial

Engineers• One-on-one advising• A personalized plan that is

tailored to your specific needs

Program Overview | The Program

Page 7: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Program Overview | The Program

Curriculum

Rigorous One-year Curriculum

• Taught by some of the top names in finance

• Gain in-depth understanding of underlying framework

• Earn real experience with a 12-week internship

• Apply what you have learned immediately

Page 8: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

The Berkeley MFE Program has been ranked #1 by Global Derivatives and named one of the top 10 quant schools by Advanced Trading magazine.

Coursework• One-year master’s degree program• Top faculty (ladder faculty and industry

professionals)• Designed exclusively for MFE students –

the MFE students work together for the entire program

• 95% of the work is team-based

Program Overview | The Program

Internship • Three-month paid internship• A 100% placement record for the last

few years• A very strong connection to Wall

Street and beyond

The Program

Page 9: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Spring Term (Mar-May)Investments and DerivativesEmpirical Methods in FinanceStochastic Calculus with Asset Pricing Applications

Summer Term (Jun-Aug)Derivatives: Quantitative MethodsFixed Income MarketsFinancial Data Science

Fall Term (Aug-Oct)Required: Financial Risk Measurement and ManagementElectives: - Asset Backed Security Markets- Financial Innovation in a Global

Marketplace- International Equity & Currency

Markets- Building Machine Learning Systems:

Tools, Platforms, and Financial Applications

- Independent Study

Internship Period (Oct - Jan)- 10-12 weeks- Often leads to a full-time offer- CPT for International Students

Winter Term (Jan-Mar)Required: The Morgan Stanley Applied Finance ProjectElectives:- Dynamic Asset Management- Behavioral Finance- Ethics and Regulation in Finance- High-Frequency Finance- Topics in Financial Engineering

Student Services | Curriculum

Page 10: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Careers | Locations

Front Office Positions Around the World

Page 11: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Careers | Resources

Careers

Proven Track Record of Successfully

Launching Careers

• Highly personalized career services given by two experts

• Immediate return on your investment

• Highest salaries compared to any similar program in the world

Page 12: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Careers | Our Students & Alumni

Craig DanaMFE 16Associate, Quant AnalyticsBarclays, New York, New YorkPrior Degree: BS, Chemical EngineeringRutgers UniversityPh.D., Chemical EngineeringUC Berkeley

Dieter DijkstraMFE 14TraderXR TradingLondon, UKPrior Degrees: BS + MS, Mathematics and Computer Science Oxford, UK

Rajat AgarwalMFE 11 Senior Director, Investor Group Capital Markets Lending ClubSan Francisco, CaliforniaPrior Degree: BS, Electrical EngineeringIIT Delhi, India

Sophia ChamiMFE 12Quantitative ResearcherSystematica InvestementsGeneva, SwitzerlandPrior Degree: M.Eng., Mathematics and Computer ScienceEcole des Ponts ParisTech

Page 13: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Careers | Our Students & Alumni

Question the Status QuoConfidence Without AttitudeStudent AlwaysBeyond Yourself

Aude BarthelemyMFE 13 Vice PresidentGoldman SachsNew York, NYPrior Degree: BS, Applied Math, StatisticsENSAE ParisTech, France

Won Tai ChoMFE 15Associate, MSSM – SPG StratsMorgan StanleyNew York, NYPrior Degree:BS, Electrical EngineeringStanford University

Daron GoldenMFE 16AssociateBlackRockSan FranciscoPrior Degrees:BS, Actuarial ScienceUniversity of Cape Town, South Africa

Zhiping ChenMFE 16Associate, Quant ModelerMorgan StanleyNew York, NYPrior Degrees: BS, PhysicsPeking University, PRCPh.D., Physics, UCLA

Page 14: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Careers | Resources

Career Services

• Recognized experts who work with you and for you

• MFE resume book & job posting website

• Financial Practice Seminars

• MFE alumni network

• Mock interviews

• Workshops

• Job fairs (NY, SF, Virtual)

• Haas Career Services Office

• UC Berkeley Career Center

Page 15: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Careers | Destinations and Functions

CareerOpportunities

Broad OpportunitiesInvestment Banks Asset Management Firms

Hedge Funds Trading Firms

Commercial Banks Private Equity Firms

Consulting Companies Corporate Treasury

Wide Variety of FunctionsPortfolio Management Sales & Trading

Financial Modeling,Research & Analysis

Risk Management

Corporate Finance/TreasuryDepartment

Derivatives Pricing/Structuring

Financial Programming Software Development

Page 16: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Recent Recruiters of MFE Students

Careers | Recruiters

Page 17: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Internship and Full-time Placement

Careers | Employment

• Strong internship and full-time placement program

• High compensation figures; expert advice on negotiation

• For the most up-to-date information on placement, please see our website:

http://mfe.berkeley.edu/careers/placement.html Career Services

Page 18: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

The Berkeley MFE offers students financial practice seminars for enhanced learning.

Careers | The Program

MSSM (Morgan Stanley Strats & Modeling) Quantitative Finance Program

Quantitative Volatility Group/Algo Trading

Barclays Foreign Exchange Sales

Global Market Strategies Group Model-Based Fixed Income

Pricing and Intraday Risk Management Technology Team

The Investment Opportunity

Financial Practice Seminars

Page 19: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Admissions | Overview

Pre-programQualifications

Qualifications Prior to Entering the MFE

Program• Quantitative Skills (Math, CS,

Stats, Econometrics)

• Passion for Finance

• Qualitative Skills (Communication and Writing)

• Communications Skills

• Experience (Internship or Fulltime or academic research)

Page 20: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Student Profile

Math, Statistics, Engineering, Finance, Natural Sciences, Economics, Computer Science, and related fields

What types of backgrounds do applicants commonly have?

Admissions | Student Profile

What degree levels have they attained prior to the program?

Is there basic biographical info on the current class?

What is the average GMAT/GRE score?

Which countries do MFE students come from?

Class of 2017-18 (graduating in 2018)

Page 21: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Admission Info and DeadlinesAdmissions

• Undergraduate degree (or comparable)• GMAT or GRE exam (and TOEFL for

select international students)• Two letters of recommendation• Interview

Deadlines• Rolling admission• Apply early• Last deadline is in October, applications

received after that date will be reviewed on a space available basis

Admissions | Info & Deadlines

Admissions

Page 22: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Strong Quantitative Background• Calculus• Linear Algebra• Partial Differential Equations• Numerical Analysis• Advanced Statistics and Probability• Econometrics*

Admissions | Prerequisites

Strong Finance Background• Corporate Finance• Macro/Micro - economics• Investments• CFA exams• (2-3 courses total in

finance/economics)

Computer Programming

• C++• Matlab• Python• R• Machine Learning

Other Skills• Writing• Communication• Presentation

Prerequisite Skills

Page 23: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Student Services

Student Services | The Program

• Orientation Week• Teamwork• FESA: The Financial

Engineering Students’ Association

• Activities and Events• Building a network that

will last a lifetime

Student Life

Page 24: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Information for International Students

Loans/Funding

• Loan available up to $60,000• Two different loan options; rates and

fees are slightly different• 20-25 year repayment options, no pre-

payment penalties• Internship can offset the cost of tuition• More info:

http://www.haas.berkeley.edu/finaid/MFE/international-loans.html

Admissions | Financial Aid

Admissions

Page 25: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

The Berkeley MFE Program offers students access to a variety of state-of-the-art computing resources.

Student Services | Computing Services

Computing Services

Page 26: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Student Services | MFE Big Data Lab

The Berkeley MFE Program offers students access to a variety of financial databases, statistical and analytical software packages, and the highest quality financial data available direct from the exchanges.

High Frequency Trading Lab

Page 27: Program Overview - Master of Financial Engineering Programmfe.berkeley.edu/download/presentation.pdf · a 12-week internship ... Summer Term (Jun-Aug) Derivatives: Quantitative Methods

Finance PrepCFA Progam

www.cfainstitute.orgUC Berkeley Extension

extension.berkeley.eduCoursework at any accredited institution

Resources | For More Information

Math/C++/Statistics PrepAny accredited institutionOnline resources:

- Columbia Video Network- Applied Math Online at University of Washington- Netmath at UIUC- Harvard Extension School- Stanford School of Continuing and Professional Studies- University of Athabasca (must achieve 80% or better)- Coursera*

MFE pre-program courses

MFE Office Contact InfoWebsite

mfe.berkeley.eduEmail

[email protected]

1-510-642-4417 or 1-510-642-6983

Recommended Reading- Heard on the Street: Quantitative Questions from Wall Street Job Interviews by Timothy Crack- A Practical Guide to Quantitative Finance Interviewsby Xinfeng Zhou- Options, Futures, and Other Derivatives by John Hull- Principles of Corporate Finance by Brealey, Myers, and Allen- Macroeconomics by Charles Jones- The Wall Street Journal, the Financial Times, and the Economist