University of California, Berkeley - Master of Financial Engineering

UCB MFE UC Berkeley MFE Application Discussion

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  • Andy Nguyen is an Administrator
Yes, I know an applicant who got just one technical interview with a current student. He emailed UCB MFE that he got admitted to MIT and needs a quick decision before MIT offer deadline. He didn't hear anything back from them. Today when he logged in their system and found that it was changed to Admit.
He is going to MIT so he was a bit amused when he found out today.
 
  • Ryan has no tracker for this program.
Yes, I know an applicant who got just one technical interview with a current student. He emailed UCB MFE that he got admitted to MIT and needs a quick decision before MIT offer deadline. He didn't hear anything back from them. Today when he logged in their system and found that it was changed to Admit.
He is going to MIT so he was a bit amused when he found out today.

Thanks. I think i will get CMU offer because I got interview and did it well. Do you think I can use that to push them?
 
  • Andy Nguyen is an Administrator
The question is why haven't you. Leveraging one program's offer at other programs for quicker responses, better financial packages is a long accepted practice. Applicants to universities have done this for ages.

Remember you are the paying customers and have all the leverage and not at the mercy or whim of any program. If you are not comfortable asking them to give you faster communication on the decision NOW, how are you going to ask them for more important things like internship/job support LATER?

Lastly, it is encouraged that if you have offer deadlines, you should tell the programs so they can put it on an express line. Not every program will honor this practice but they should not use this against you in any way.
There are many better programs out there so you have to optimize your time. Get them to work for you, not the other way around.
 
  • Michaelbevan has no tracker for this program.
  • alain has no tracker for this program.
I think i will get CMU offer because I got interview and did it well.

Perception and reality are two different things. Good luck though.

Do you think I can use that to push them?

Use as much leverage as you can, but remember to be willing to back away if they don't come through.
 
  • goldski has no tracker for this program.
Using leverage of other big names to get into a good school is fun. It gets even more fun when you're in the job market with a few big name offers and you use it to get more offers and get others to match the packages.
 
  • bronson has no tracker for this program.
Berkeley has released their admissions decisions on the online application. It looks like they may be mailing us the decisions by paper mail instead of email.
 
  • Michaelbevan has no tracker for this program.
  • bronson has no tracker for this program.
  • Andy Nguyen is an Administrator
  • Michaelbevan has no tracker for this program.
Congrats bronson. Mine still says "Under Review". :(
Could you please let me know when was your status changed? Should I contact them directly and ask about the status?
 
  • VaibhavChauhan has no tracker for this program.
  • VaibhavChauhan has no tracker for this program.
  • Michaelbevan has no tracker for this program.
  • VaibhavChauhan has no tracker for this program.
@Michaelbevan, I checked it today, it is hold.

As you said, hold is different from Waitlisted. Are you sure?? If yes, then what does *hold* mean?

@Andy, can you please comment on this?
 
  • Andy Nguyen is an Administrator
Vaibhav
I wish I know the answer for your question. I don't and a lot of applicants seem confused about this as well. I see lot of complains about the way UCB MFE handles their Hold/Waitlist applicants in recent years. The common rant seems to be that the process is designed to make sure UCB has the most flexibility in filling their 60 seats while applicants have to take CFA/pre-program courses and still get the shorter end of the deal.

Whether that's true, I don't know. A representative of the UCB MFE program posted on GD trying to explain this. I would do as she suggested and contact them directly.

First of all, students who are in the waitlist or hold status should contact us directly with questions. Each applicant's situation is unique, and we do want to engage in a dialogue with our applicants. When we ask students in the waitlist or hold status to take courses, read texts, or retake exams, we do this so that the student will be prepared in the event a spot does become available. The Berkeley MFE program is very intensive, and we want to make sure that anyone who joins the program is ready from the first day they are here. We also know from experience and from speaking to candidates on our waitlist that many candidates plan on applying for a future term if they are not admitted this year. If a candidate takes the courses one year, is not admitted, but then is admitted in the following year, the candidate is welcome to retake the courses for free as a refresher.

Contrary to popular belief, we do not ask the waitlisted candidates to take the pre program courses simply to make money. I am not sure where one of the posters got the information that the money goes only to our program, but that statement is false.

In addition, we did not remove the video requirement from the application because we were unhappy with the quality of the 2010 class. We found the process of collecting the videos to be cumbersome, especially since there exists technology (such as skype) that allows us to engage in video chats with candidates in real time.

Two final points: We notify all waitlisted students that there is no guarantee of admission if they complete the steps we ask them to complete. Second, we notify all waitlisted candidates that we keep admissions open until the start of the program in March and that candidates could be notified of a change in status at any time before March.

Again, we want to underscore that concerned applicants should contact the admissions office with questions. This is the best way to obtain information on your status.
 
  • VaibhavChauhan has no tracker for this program.
  • JieFu has no tracker for this program.
The question is why haven't you. Leveraging one program's offer at other programs for quicker responses, better financial packages is a long accepted practice. Applicants to universities have done this for ages.

Remember you are the paying customers and have all the leverage and not at the mercy or whim of any program. If you are not comfortable asking them to give you faster communication on the decision NOW, how are you going to ask them for more important things like internship/job support LATER?

Lastly, it is encouraged that if you have offer deadlines, you should tell the programs so they can put it on an express line. Not every program will honor this practice but they should not use this against you in any way.
There are many better programs out there so you have to optimize your time. Get them to work for you, not the other way around.

Hi Andy, I have a question regarding this "leveraging one program's offer at other programs" practice. Do you think there will be non-negative effect if I present those big name schools such as CMU, UC Berkeley, and NYU with admission from schools like Baruch and Rutgers? I know Baruch is really a elite program and Rutgers is doing very well, but I wonder if the admission committees at those three schools would think so...
 
  • Michaelbevan has no tracker for this program.
Hi All,

I just wanted to know what is the realistic chance of getting admitted into the program after being put on "Hold" status. I have also been asked to undertake preprogram courses in stats/Maths/C++. I am more than happy to take those but just wanted to ensure if it is a step in the right direction as its a lot of effort in terms of time and money. I would really appreciate any advice from alumni or their current student in this regard.

Thanks
 
  • kmisha has no tracker for this program.
I am neither a student nor an alumni but it sounds like this "Hold" might mean a conditional acceptance as opposed to a Waitlist? Just an idea...
 
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