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Spring 2002 CalBusiness  
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First Class of Financial Engineers Graduates

Master of Financial Engineering Program at the Haas School of Business celebrated a milestone on March 16 with the graduation of its first class of students. Nobel Laureate Robert C. Merton gave the commencement address to the 46 graduating MFE students.

Merton articulated the importance of the growing field of financial engineering near the conclusion of his commencement speech, "Going out as you are into this century with emerging markets developing, the developed markets, such as Japan and EMU, where all the institutions have to be redone, with all the technology and the learning curve in the practicing community and what you've been taught about the development of the finance science, these are clearly going to be very exciting and opportunistic times," said Merton to the graduating financial engineers. "I promise you as you commence that if you stay in this field you will never be bored and you will never run out of problems."

The one-year Haas School MFE program, launched in 2001, prepares its graduates for a growing niche of quantitative finance careers. Its leading-edge curriculum balances the latest financial theory with practical applications of financial modeling concepts.

The 46 graduating students represented 19 countries. 18% of the class already possessed a Ph.D. when admitted and 25% held a master's degree in another field.

A new class of 60 MFE students began their studies in April, 2002.

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Nobel Laureate Robert C. Merton
Nobel Laureate Robert C. Merton

Master's in Financial Engineering
Master's in Financial Engineering

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