I just got my pseudo-reject (application being held for further review) letter today. It reads:
We would like to inform you that your application for spring 2012 admission to the Master of Financial Engineering Program at the Haas School of Business is being held for further consideration. If you have any questions, please call Christina Henri at (510) 642-4417.
We advise you to complete the following:
- Successfully complete the preprogram courses in C++, Mathematics, and Statistics offered by our department
- Read Crack’s Heard on the Street, Hull’s Options, Futures, and Other Derivatives, Brealey, Myers, and Allen’s Principles of Corporate Finance and Zhou’s A Practical Guide to Quantitative Finance Interviews and read the Wall Street Journal regularly
- Retake the GRE/GMAT and raise your analytical writing score to a 5 or higher and quantitative score to 90th percentile or higher.
- Successfully complete coursework in Corporate Finance and Macroeconomics.
There is no guarantee that you will be recommended for admission if you fulfill these requirements. The admissions committee will review your file regularly and make a final decision before the close of the admissions cycle in March 2012.
Our preprogram courses, which are offered by our department in January, are available online for students who cannot be in Berkeley until March. If you have any questions, please call Christina Henri at (510) 642-4417.
We would like to continue to consider your candidacy. We appreciate your interest in Haas and the MFE Program at Berkeley.
This really sucks. I thought my phone interview went really well, so this comes as a shock. I'm concerned how thoroughly they looked at my application, because (1) I have a BS degree in applied mathematics (it has only been 2 years since I graduated, and I -- like many other fairly recent grads -- have been struggling to find a job, so I took whatever came my way, which didn't happen to use any of my degrees at all) and (2) I already took a macroeconomics course in my economics minor, as well as having corporate finance knowledge from other courses.
I guess I'm just not good enough for Berkeley (I wonder if I'm good enough for Carnegie Mellon or Baruch...). It's like you have to have all of the knowledge that comes out of an MFE degree before you even start the degree itself.
Does anybody know what the acceptance rate is for somebody who has been put on hold status (that is, assuming he / she completes all of the required stuff in between)?