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University of California, Los Angeles (Anderson School of Management)

Quality
0.33
Post-master’s salaries
$97,500
% of teaching conducted remotely
100% remote instruction for the fall quarter of 2020. For the winter quarter of 2021, the aim is to continue providing primarily remote instruction, with a plan to offer 15–25% of courses in an in-person/hybrid format.
Url
https://www.risk.net/quantitative-finance/7719766/quant-guide-2021-university-of-california-los-angeles-anderson-school-of-management
Teaching staff
16
Salary ($)
97500
Description
Despite the impact of the coronavirus on every aspect of academic life in 2020, UCLA Anderson’s Master of Financial Engineering (MFE) is in reliably strong shape. The course, led by professor of finance and faculty director Mikhail Chernov, ranks 13 in this year’s Quant Guide, helped along by a strong average graduate salary and employment rate. Over the past 12 months, average salaries have fallen very slightly – from $97,644 to $97,500 – but the programme’s average employment rate six months after graduation has risen, from 94% to 96%. The size of the intake has fallen somewhat this year, likely a result of a high number of deferrals – something many programmes have experienced. Last year, the programme reported hosting 81 full-time students: this year, it has 48. The MFE still received a high volume of applications – 724 – and extended 171 offers, 71 of which were accepted. The 15-month programme concludes with an applied finance project, conducted in partnership with an industry sponsor. Back in August, the MFE said traditional summer internship placements were proving challenging for students to secure. The result was a larger emphasis on the projects, as well as virtual internships with banks such as JP Morgan and Citi. The MFE reports that 100% of the internships that did go ahead ending up being conducted remotely, along with 100% of exams for the autumn quarter. “We have always recorded courses, and continue to do so for on-demand access,” says the MFE’s interim executive director, Sheila Benko. Earlier this year, UCLA’s plans for an entirely new financial engineering programme – in collaboration with China’s Peking University. Another consequence of the coronavirus, the plans have stalled – but the university has not given up on them entirely.
Rank
14
Offers accepted
71
Programme director
Mikhail Chernov
Address
Los Angeles, US
Title
Quant Guide 2021: University of California, Los Angeles (Anderson School of Management)
Applications received
724
Full-time students
48
Accept. rate
0.24
salary_descrepancy
5750
Visiting staff teaching hours
60
sheetnames
Academia
0.02
Students accepting
0.28
Class size
61
Staff to Students
0.33
peer_assessment
3.2
Average Citations
9855.4
Programme duration
15 months
Homework hours
54 hours per week
Offers made
171
Application deadline date
2021/04/30
tuition
78470
employment_descrepancy
0.22
Average class size
60.5
Most-cited lecturers
Ivo Welch: 15550 citations Avanidhar Subrahmanyam: 14603 citations Francis Longstaff: 8870 citations Peter Rossi: 6482 citations Carla Hayn: 3772 citations
Ranking
40
Other
0
Consulting
0.28
Industry-affiliated teaching staff
1
Graduates employed in
Banking: 30% asset management: 30% consulting: 28% fintech: 10% academia: 2%
emplm_rate_grad
0.39
Industry-affiliated lecturers
0.06
International students
28
class_descrepancy
13
% of take-home/remote exams
100% during the fall quarter of 2020.
emplm_rate_3_month_aft
0.74
Remuneration
0.23
avr_start_salary_bonus
103250
Employment rate
0.96
Teaching hours
495
Reputation
0.64
Part-time students
cohort_size
48
Asset Management
0.3
Gender balance of teaching staff
87% male, 13% female
Banking
0.3
missing_data
2
avr_gre_quant
166
Website
https://www.anderson.ucla.edu/degrees/master-of-financial-engineering
Fintech
0.1
Fees
$78,470
Final
0.4
Gender balance of students
71% male, 29% female
Empl. rate
0.96
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