Berkeley Haas MIF
Rankings | Class Profile | Employment Report | Sample Essays | Interview Questions
Berkeley Haas MIF Introduction
The MIF program at Berkeley Haas is called MFE ( MASTER OF FINANCIAL ENGINEERING PROGRAM ). Every aspect of the one-year Haas Master of Financial Engineering Program leads to student career destinations. Haas MIF Class Profile brings together diverse students with different goals in its portfolio. Classroom instruction delivers the financial engineering knowledge and best practices students will put to use in the experiential learning that forms the heart of the program. That starts with a 12-week internship and continues with an applied finance project. Both of these experiences put students at the top of the queue when applying for jobs after graduation. Scroll down for further information on Haas MIF Average GMAT, Haas MIF Class Profile, Haas MIF Application process, employment report, Haas MIF fees, Haas MIF Application Essay, and more.
The Berkeley Haas Master of Financial Engineering curriculum is as dynamic as the finance industry itself. Faculty members contribute to, and share, pioneering research. A committee of leading industry practitioners advises the program director on current trends and future needs. At Berkeley Haas, students master the theories and frameworks underlying today’s complex financial markets and gain insights into how they play out in the real world—through applied projects and an internship. Haas Master in Finance program demands 90 percentile in the quantitative section of GMAT/GRE.
| Class Profile Summary | |
| Class Size | 79 |
| Average GMAT Score | |
| Average Work Experience (yrs.) | 2.5 years |
| Average Age (yrs.) | 25 |
| Employment Summary | |
| Average Salary | $125,821 |
| Average Bonus | $ 17,191 |
| % placed within 3 months | 98% |
| Tuition Fees Summary | |
| Total Tuition | $ 78,142 |
| Living Cost | $ 33,932 |
| Total Cost | $ 112,074 |
Cambridge Judge MIF Class Profile 2022 (Click Here)
Berkeley Haas MIF Employment report 2020 (Download Here)
Berkeley Haas MIF Application Deadlines
| Deadlines | Applications |
| Round 1 | 17 Jan 2022 |
| Round 2 | 21 Mar 2022 |
| Round 3 | 27 June 2022 |
Berkeley Haas Application Essay Tips
Essay 1: Give us an example of a situation in which you displayed leadership? (500 words maximum)
One of the most difficult situations I have ever had faced during my tenure as VP of my company was the decision of whether to fire Jane, an experienced employee, who I had worked with closely for two years. The decision arrived at my desk after a new CEO was appointed, and I became his VP, in charge of most employees. Together, we decided that we were going to transform our small and quiet company into a leading research firm with a target of 50% sales growth over the next 2 years. For that, we needed a devoted team that was committed to this goal.
This vision did not fit Jane. She left a large corporation where she worked long hours, and one of the main reasons she chose to join us was the laid-back and relaxed atmosphere of a small company- exactly what we were determined to change. Although talented, she did only the minimum necessary and was not willing to make any sacrifices and commit to our goal.
I faced a tough decision. On the one hand, firing a talented and experienced employee, at a time when most of the employees were new (as we wanted to drive growth we recruited new people), seemed unwise. In addition, I knew that our relationships with major clients might get hurt and a substantial knowledge base would be lost the other hand, not firing her would mean establishing double standards for our employees – most were required to work hard, whereas Jane was leaving early and refused to contribute extra efforts. Her opposition to the change had already begun creating undesired effects, as a few of the employees resented her.
In order to solve the problem, I tried to make Jane relate to the new goals and change her attitude. In addition, we also improved the company’s bonus program, based also on her comments, in order to reward the extra efforts. When all milder measures failed, I had to make a decision. I decided to fire Jane. Although I knew that in the short run things would be difficult, I concluded there was no other way. I needed the most dedicated team possible, a team that was personally committed to the growth of the company. Jane, as head of a major division, would have undermined this effort in the long run.
Personally, making the decision was very hard. It meant firing someone with whom I had worked closely for a long time. However, In terms of team spirit, matters improved greatly, and we succeeded in building the right team to lead the company forward. The new division head that replaced Jane was a highly motivated manager, and with her, I had a team that could reach the ambitious goals we set, and indeed, in two years we have doubled the company’s project capacity, with a great improvement of research quality and customer satisfaction.
Essay 2: Tell us a six-word story that reflects a memorable experience in your life to date. Elaborate on why it is meaningful to you? (250 words)
Riots burn cities. Ideas build bridges.
I found my calling in the middle of a crisis – the Bangalore Riots of 2016. On my way home from meetings for my telemedicine startup, I was blocked by an angry mob that had set fire to a bus. Having just returned from Australia, I was deeply pained by not being able to move freely in my own country. Soon a curfew was imposed, and the city came to a standstill. The stranded thousands were in need of supplies and medical help, but with the city on lockdown, we’re unable to get it. I opened an emergency medical line through my startup, but its reach was limited. I learned through social media that there were others in my position – with resources to offer but nowhere to direct them.
I couldn’t shake the realization that in a world where we are leveraging technology to solve every problem, we hadn’t yet used it to organize the flow of goods and human resources during disasters, which have affected 1.7 billion people in the last decade!
Following the riots, I founded Operation Resilience, a first-of-its-kind national platform designed to crowd-source and streamline a $1.2 billion disaster relief supply chain. After many endeavors, I managed to win the support of the Ministry of Home Affairs, various NGOs, and startups. Recognized by India’s Government as a “Top 10 Innovation in Disaster Management,” the self-sustaining platform is set to become operational by February 2018.
Essay 3: Briefly describe your immediate post-MIF career goals (150 words maximum)
- Explain your current position and work experience → 2. State your short and long-term goals → 3. Skillsets you have acquired throughout your career so far → 4. Explain what you currently lack to attain your short and long-term goals → 5. Show how an MIF from a school like Berkley Haas can help you bridge the gap in your skills to achieve your short-term goal.
Start with a strong introductory paragraph on who you are and what are your desired goals for a MIF.
For the main body, start on a strong note, show what skills you already have. B-schools in general prefer to see a strong academic track record, progress in a professional career, client management exposure, leadership, and international experiences. Highlight some of your key achievements with numbers or awards that you may have received. Show your outstanding performance via the promotions or opportunities to lead or international deputation.
After establishing the strengths of your profile, move on to show how the limitations of your current role and skills are hindering your future. Show that an MBA will help you acquire the skills and make help you make career progress or desired transitions.
