program overview - master of financial engineering...
TRANSCRIPT
Agenda | Overview
Program OverviewCareersAdmissions Student ServicesQ&AResources
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.
Why Choose the Berkeley
MFE Program?
Program Overview | Why Berkeley?
An Unparalleled Career Advantage
A Unique, Rigorous Curriculum
A Diverse, Talented Community
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?
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
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
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
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
Careers | Locations
Front Office Positions Around the World
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
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
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
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
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
Recent Recruiters of MFE Students
Careers | Recruiters
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
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
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)
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)
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
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
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
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
The Berkeley MFE Program offers students access to a variety of state-of-the-art computing resources.
Student Services | Computing Services
Computing Services
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
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
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