Recap My Master of Financial Engineering Experience in UCLA | where I'm going next? | MFE
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- Опубликовано: 20 июн 2024
- I'm discussing my experience with the academic curriculum, recruitment support, internship/full-time career paths, and my reasons of pursuing MFE in this video. I recently completed my Master in Financial Engineering in UCLA. The program is 15-month.
0:00 thank you for watching
0:36 1. Quick look around UCLA
0:54 2. Overview of my internships, projects, and courses
2:01 3. What is MFE
3:39 4. Class size + bg
4:19 5. Financial engineering career paths
7:37 6. Program recruitment support
9:39 7. MFE workload
10:26 8. Coursework curriculum
12:31 9. Why I study MFE
15:12 10. Life in LA
Please feel free to ask questions about grad school, moving to LA, and MFE down below.
Disclaimer: all opinions are my own and does not reflect others or the UCLA MFE program.
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deeply appreciated your video! keep them coming.
this is a very well produced and informative video. thank you very much.
Wow! Thank you so much for your video. I could sense the genuineness in your words. Thanks again🥰
So informative! Thank you so much for making this video
Hello Mina Yuan, thank you for putting this video together, I appreciate that.
Thanks for info! I am also planning to apply this fall. Have some hesitations about my exams results, actually the admission rate is high, wish you good luck in future career!
I’m from Toronto too and am looking to apply for this exact program next year! This was super helpful! Thanks!
Hi Ali, glad you find this helpful! 😀
you no nego?
@@minayml Hi, is it possible to ask you some questions about admission?
Mina学姐好棒👍🏽
very helpful!
I'm considering getting my MFE in Japan for the intrinsic value (pun intended), as I trade equity derivatives for a living. Thank you for sharing your experience!
This was a great video!!
Thank you for the info.
Great video!
Hi Mina! Practical knowledge over here and I'm looking to get a better grasp on the theory side of things! Your video is very inspiring. Be in touch when you have a moment I'd love to connect and share ideas, etc...
This was so nice and calmed my nerves. This is the program i wanna pursue. I hope in near future , we have financial engineering in india too.
Which institution is offering financial engg in India?
Fascinating
I wonder how this video doesn't have 1M+ views
great video
i like financial engineering, Your Videos are very good ,i'm from Sri Lanka
Hi Mina, great video! I'd like to get into a MFE program, how many years of work experience related to finance is necessary before applying? Also, is it necessary to have a finance related certificate like the CFA in order to be considered in the application? Thanks!
Thanks for the video Mina. I’m considering doing an mfe too. Seems to me those programs provide somewhat superficial training in stats/ML, stochastic calc, coding etc. and more geared toward getting a job to students who already know those. Would you agree?
Hi Murad, thanks for the question. Partially! The program requires student with statistics and other coding background before entering into the program. That enables the courses to be fast-paced, however, ML courses are introductory. That being said, I find the courses gave me ability to to dive deep into topics I want to learn afterward.
I got accepted for this program, fall 2022!
Thank you Mina for the insight.
If I may suggest, would you like to remove the *counting mode on*? It's hard for me to listen your voice.
How did you get in UCLA? Tips? Can you share yours grade,gre score, scholarship? Make video for us. This video is really helpful. Thankyou.
Hai, congratss and gold luck on Makin another journey! But girl, can we extend the class duration from 15 months to 24 months?
👑👑👑
Thank you for this video, how much does it cost and does the department offer Graduate Assistantship funding?
If possible, Please list what are the courses you did & book recommendation for them with brief details.
Hey Mina, Thanks for this. You really did dive into all the aspects of the course.
I am not from quant background as in I am a Chartered Accountant in India (Like CPA) except that I have finance subjects (Strategic Financial Management) and an elective in Risk Management (Similar to GARP FRM I & II) Though not practical but pretty much covers all the basics of corporate finance, derivatives, IRM, Forex Management, etc.
Would my application for FINANCIAL ENGINEERING be accepted with a good GRE quant score ?
Maybe /Maybe this field is HUGE ,VERY HUGE and it requires intensive coding and math and You being a chartered accountant (backward finance),it is unlikely that they are willing to admit you but but because this field is so broad that every other person has a lot different to offer like it is a combination of computer science, Mathematics,Business and Statistics (you will fit in the business domain )but shifting to all of these will take a lot of time and effort probably a decade of you will try to go hedge funds.
What career path would you suggest after MFE if i don't want to use too much programming. I know basics of java, python and c++ but I don't enjoy coding
Hey,
I have done my bscit this year and planning to do financial eng. in India .
Just wanted to know if there is hardcore maths in this degree and if this degree can be achieved if we have no finance knowledge
Mina, have a nephew doing the same course and he is finding it very difficult, more specifically econometrics and stochastics calculus. Where can he get help? Any tutoring service at that level, do you know?
Thank you so much...
This is really helpful. But it's a bit frightening that you don't have free time, what about the weekends & the other week days with no classes?
Is it possible to survive it with no computer science background?
Thaaanks
Hi Hussam, glad the video helps! Heavy workload comes with every serious graduate degree, which help us learn :) I have found myself to be the most busy during midterm/final season, but we still very much have a fun outside of school. It's very well possible to do well in the program without comp sci, you should consider both your background and interest along with MFE during recruitment.
Hi Mina. Thank you for sharing your experience. I am an incoming UCLA mfe candidate. I am concerned regarding one thing. You mentioned that the program doesn’t cover as much math and statistical techniques. So, is the job market, especially for quant research, quant strategist, quant trader roles, require the depth in math and statistical techniques that the UCLA program lacks in? And how can I ensure that I am competitive enough when I am entering the job market?
Also, does the program give enough emphasis to data science? Considering that the quant research/trading roles are increasingly focused on data science and ML.
Thank you, Mina
Hi Sai, congrats! And thanks for asking these questions. Quant research and quant strategist require deeper math/stats techniques, and UCLA MFE alumni have gone onto the two roles to my knowledge. While the program doesn't dive into math and statistics like theoretical programs, our professors always provide readings of theories and proof, it's up to students to spend time on them. MFE has given me foundation and ability to understand papers/methodologies and *apply* them (important to me and anyone who want to be in quant research/strat/trading role). In general, I wouldn't be worried about the program's focus on application instead of theories, and I will recommend spending time to do readings and understand pro/cons of each model/methodologies even after understanding how to code them.
The program only offers introduction to machine learning, data analytics, and econometrics. My classmates who wants to learn more have been able to enrol in higher level ML classes outside of MFE program inside UCLA separately. While introduction is far from proficiency, practices in projects, hmwk, and reading will take you further.
Hi,@@minayml ,can you please tell what fraction of the batch went into Quant researcher/strategist role, also is it more congested area to get hired ? As Compared to others, Do you recommend some other programme/university if someone's sole focus is to get into this role? May be a separate video for this would be very nice from you.😃
Hi Mina, I'm starting My Bachelors course in Financial Engineering. I am a bit lost on what to expect because I'm just fresh out of high school but your video was very insightful. If you have more specific advice for my case I'd really appreciate it. Love from Kenya 🇰🇪🇰🇪❤❤.
Hi Rli, thanks for reaching out. Don’t stressed and you’re doing just fine. Focus on statistics, coding, and read a lot of financial journals.
Cool,i just started my bachelor's degree too in FE in jkuat
How is the experience and what advice would you give? .
Hi Mina! This video is very helpful. I am currently studying electronics engineering and I plan on deviating towards MFE. can you please suggest a few courses and internships that I can take up?
Hi Tanvi, good question. I would suggest statistics, stochastic calculus, and internships in asset management, banking, or quantitative positions using math or finance or programming. Please note these are not the only way to obtain MFE.
Heyy Tanvi…are you from India?…did you do any internships
I’m very interested in ur video. Can u share ur experience about what bachelor degree you got , what the requirement for financial engineer in UCLA? Thank you. 您好，我对您的视频很感兴趣。不过我想让你分享一下您本科的专业，UCLA的要求 等
Hi ! Is it necessary to have a very very high GPA to get into MFE programs ? Or is there possilities ot enter into these MFE programs without a very high Undergraduate GPA ?
Hey, I'm a graduate in BBA Finance. I plan on pursuing MFE in near foreseeable future. I just wanted to know is it ok, to have no ---> average, knowledge in any sort of coding languages ??? Or do you need to be hard core with coding ???
Hi Vedant, great question :) I would recommend learning coding on your own pace through any online platform. The program is quantitative and technical focus so even an average knowledge benefits your learning experience drastically. I wouldn't recommend zero coding experience.
Me too! I am in the same situation, i am using coursera to be able to learn on my own. Question is, is it possible to get acceptance with a bba in finance?
Hey, great video! Quick question .I am already a quant but considering mfe to switch in data roles tech firms in US,is this ok?
Mfe because I can go to top mfe compared to okish data science programs
Hi Santhosh, glad you enjoy and tough decision! I'm would suggest talking to alumni from both program to gauge the job placement in data science. MFE can lead to data science (maybe 10-20% of the time?), but contains less courses related to data sciences/statistics.
@@minayml cool thanks for the reply
I'm from India and i'm looking to apply for this program next year. I am from an accounting background and i'm interest to work in the financial industry. Are there any short courses i need to do to gain the basic understanding or knowledge which will help me during this program?
hey i'm from india and would like to know about the importance of work experience for the program as i don't have any and the job market isn't helping.
Hello i have a bachelor in accounting and planning to start Master in financial engineering. Is stochastic calculus a must? I really love finance but i don't want too much maths
hey Mina! i don’t know if you would read this but i really wanted to get some info. so i’m in my sophomore year of computer engineering and i want to do ms in financial engineering, can you tell me what all do i have to do in order to get this course in UCLA ?
Hi! Thanks for asking. While I don’t know your individual circumstances, generally statistics, applied math, passion for finance demonstrated through projects, internships, and research will help.
hello I really need your help, I got a Bachelor degree in financial engineering and I don't know what to do next, should I apply for a masters degree but what program? or should I get a diploma or certificate in trading or something like that? what I like about this major is (portfolio investment, trading ) but other than that its just boring and I need something in my job that is interesting like trading and investing so what program should I do ?? I really need help deciding since u have that knowledge in this field! please
hello Mina...i m in MFIN program in US and I ve CS background. I would like to go to quant but I m not sure how Math intensive it might be. So I wonder if you can kindly give me some time for a zoom call please?
I am also interested in mfe as i have interest in algorithmic trading , quant trading but my background is cs in btech so is it safe to pursue mfe …. Plz reply
Hey ma'am actually I am doing my bachelor's of business administration in marketing so after completing that can I become a business analyst??? Can you please tell.
Hi Sahil, there are many different types of business analysts so you can definitely leverage your marketing concentration.
I know you didn't post anything for more than six months but I have a suggestion for a new video. My MFE degree in 5 Minutes.
I am about to complete my BBA- Banking and Insrance,
I have read subjects like Finance, Business Mathematics, Statistics, Probability, Data Analysis and Modelling.
Would i be eligibile to apply for MS in Financial Engineering..?
Please reply
I looked at similar courses and only relevant courses of practical use, I thought were risk management, portfolio theory, financial markets - overview black scholes - option strategies etc. Are stochastic calculus, optimization etc really relevant?
Hi Anna, great questions. Stochastic calculus helps you price securities. Optimization solves asset management and can applied to many others business problem.
@@minayml Thanks. I guess like most courses, you only use a small % relating to whatever career you are going into.
How much minimum GPA and GRE required to get admitted to UCLA?
What’s the difference between finance and financial engineering???
How can I get into MFI ? Which field is required to do MFI . thanks 🙏
Hello! Could you help me solve some applications in financial engineering?
Hi im 13 and I really wanna work in the finance field. Is there anything I can do now to assist me in my future when I get a job and grow my knowledge? Also, what are the most high paying jobs that I can get with a degree in financial engineering? Does taking a business and administration high school program help? Does financial engineering deal with some computer science? If yes, then what are some examples? Can I live a confortable life in LA if i earn 6 figures because I heard LA is a bit more expensive. I’ll appreciate it if anybody with experience can answer these questions. Thanks!
Business administration in high school would be very good . On the other hand, no computer science has nothing to do with financial engineering as financial engineering is basically a fancy word for combined degree of statistics and finance. The best thing you can do is taking subjects related to statistics.
Whether it's possible fr graduates from Electrical engineering backgrnd and all ??
Hi Mina, I’m considering the MFE program. I’m a CFA charter holder with a Bachelor’s degree on Economics.
I’m worried I do not have the mathematical or software programming background required to take the program.
Please, do you have any advice for me? If there’s some recommended pre-program course I could take
There’s a free mit Edx course on financial mathematics that should help
Anirudh , please any link to the course?
Hi Mina ,thanks a lot for the wonderful video.
I've done my bachelor's in CSE with a minors in finance from India and I am looking at future studies.It would he wonderful connecting with you on linked it :D
Hi Shubham, glad you enjoy!
Is MFE and MSQF the same thing ?
I submit my application a week ago for finance engineering, I received a mail that’s for assessment for Master of Financial Engineering, what questions should I prepare myself with?
Hi Jose, study for calculus, statistics, corporate finance, and economics may help.
@@minayml I just recorded myself with Kira, and they asked me if I didn’t submit my GRE test scores yet, but I didn’t take it, do I need to take it? I hve a 3.85gpa
Can you review MSc in Financial Engineering of WorldQuant University
Hey I study business in India - my subjects in my high school were- English , Accounting, Economics, Mathematics and Business studies,I have always had this question,is physics required for financial mathamatics
no not really, there are many physics majors that have switched to quant as they have many math courses under their belt but it's not a requirement.
Can you please share the curriculum ? What are actually taught in UCLA MFE - What branch of Quant Finance did you study there ?
She studied a Masters Degree in Financial Engineering. Not sure which topic did she choose for her dissertation or thesis for her Masters Degree though. She just gave an outline or a breakdown for her academic programme.
Hi Abhishek, curriculum can be found in each program's website, usually under "academics". The MFE program covers wide range of quantitative finance topics at intermediate level. The following topics stuck with me during my MFE including but not limited to security pricing (derivatives, fixed incomes, and others), trading strategies algorithms, accounting/corporate finance, time series, econometrics, and asset allocation. Most topics are taught with math and coding throughout courses.
@@heinrichtrotter5442 Hi Heinrich, thanks for the reply! The MFE students at UCLA complete an approximately 6-month capstone project with industry companies, called Applied Finance Project, in the place of thesis/dissertation.
@@minayml Thanks Mina. The query is because I am a CFA and an FRM Charterholder. I want to pursue Quant Finance but at the same time would love to learn something new. For e.g. coding in R or Python. What do you believe I should take up incrementally. Else CQF is another option for me. In any case it has to be market oriented (trading alto, quant, HFT) and advanced in nature. My undergrad was in Engineering and Maths. On both counts I believe I am good.
@@abhishekbal399 Sounds good. I believe both R and Python would be helpful. R for statistical programming, Python for data wrangling and ML packages.
I am pursuing bachelors in Chemical engineering right now, can I apply for MFE as i am not from a financial background?
Absolutely! We have alumni that are from Chemical Engineering. The important things are your interest and transferral skill set. Engineering in general has relevant quantitative skill sets
What should we learn in coding ? Please elaborate in detail .
Hi Anurag, good question. Financial Engineering focuses on many different data wrangling and modelling areas. I will first learn built in database syntax, then packages like numpy and pandas, including dealing with time series data. Then modelling with various packages in coding, if and only if you have a mathematical if not at least intuitive understanding of the particular models you are looking at.
@@minayml Thank you very much .
Hi,I'm an economics student who is not really good in accounting section,so will I be able to pull it off ...help
Hi Nyasha, accounting helps with understanding company intuitively without only being good at quantitative methods in finance. Don’t be discouraged! Keep trying.
@@minayml thank you
i think you don't need to change the sound during video
Are there students from accounting background??
Hi Lakshay, I recall classmates with accounting and finance or accounting and economics background.
would u suggest a business student study F.E in undergrad?
Hi Fouzia, I would recommend learning statistics and programming if you intend to take courses similar to MFE curriculum during undergrad
@@minayml i already have statistics ,finance and some basic programming courses in my a levels. so do u think it would be a better idea?
how did you afford it? its so expensive :(
Hi! Scholarship and financial assistance offered by school and financial institutions may be something that help!
I'm Suyog from India... I'm in final year of civil engineering. I'm planning to do masters in financial engineering. Can u suggest some coding and statistics course that i can do to improve my profile to get admission in good college.
Thanks in advance... And I really liked your content. It's unique keep uploading such videos
Hi Suyog, thanks for asking. Check out prerequisite courses in different MFE programs! Sometimes they come with direct links.
Hey Mina! I am an industrial engineering student at one of the best universities in Turkey. This is my first year. My biggest dream is going to the USA or Canada for MFE programs. Is it possible to find MFE programs with scholarship? Thank you for your videos. Greetings from Turkey
I'm in the same boat as you!
@@nargizhajiyeva3111 do you study at a turkish university? Ive lots of friends from azerbaijan
@@ahmetyuceltanriverdi yes :)
Are there student who already done and hold their MS or PHD diploma? Thank you
Yes! Check out student demographics.
倍儿棒！你的同学差不多都是华裔吗
how do you find the motivation to spend your life making rich people richer with number rituals? honest question.
please, no nego
Why study MFE? $$$$
I love this video but I hate that you pointed out your acne bc I cant stop looking at it. mainly bc its looking at me