What is the MFE Master?
The Master in Financial Engineering (MFE) is a highly selective two-year program that provides financial education at the forefront of both academic thinking and industry practice
- To respond to growing demand from the financial sector for quantitatively skilled professionals.
- To train engineers who can model and analyze complex financial systems using the latest methods, while also fostering a critical mindset toward existing models.
- To provide education in Financial Engineering at the forefront of academic thinking and industry practice.
Why choose the Master in Financial Engineering (MFE)?
The MFE Master at EPFL is a highly selective program that provides financial education at the forefront of both academic thinking and industry practice.
Here’s what makes our program unique:
Exceptional career outcomes: 80% of students find their first job before graduation or within 1-3 months, and 90% secure employment within 6 months.
Develop comprehensive technical knowledge of derivatives pricing, asset management, market design, and risk management.
Unlock career opportunities in different sectors such as Banking, Hedge funds, Consulting firms, Commodities Company, Asset management, Insurance, and Fintech.
Benefit from renowned professors experts in their fields.
Join a selective, multicultural environment with peers from diverse academic and international backgrounds
Gain practical experience through a 6-month industry project with leading companies
What degree will I earn?
You will earn a Master of Science (MSc) in Financial Engineering and the title of EPFL Engineer.
Is the program taught in English?
Yes, the entire program is taught in English.
Are there presentations or info sessions about the MFE program?
Yes! The MFE section organizes an information session about the program every year in December. These sessions are specifically designed for EPFL students who want to learn more about the curriculum, admission process, and career opportunities. Invitations and details are shared via email, so make sure to check your EPFL email account regularly.
In addition, EPFL and external students can attend the Master info days organized by the EPFL every year in February, where you’ll be able to discover the MFE program. Online meetings can also be organized upon request.
How long is the MFE Master?
The program lasts 2 years (3 semesters of coursework + a 6-month industry master project).
How many ECTS credits does the program include?
The program includes 120 ECTS credits:
- 29 ECTS for fundamental core courses
- 38 ECTS for advanced core courses
- 23 ECTS for electives
- 30 ECTS for the master project in industry
For more details, visit the MFE Program Structure page.
Is it allowed to register credits outside the study plan ?
Yes, students are allowed to register a maximum of 12 credits outside the MFE study plan, as mentioned in MFE Rules. Courses have to be validated by the MFE section and registration needs to be done on IS-Academia + via email to UNIL-HEC.
What is the master project in industry?
The Master Project in Industry is an exclusive six-month research-focused internship conducted during the final semester of the Master in Financial Engineering (MFE) program. You will work closely with a company, applying your skills to address real-world business challenges. This project is supervised by both EPFL faculty and industry professionals, providing a unique opportunity to gain hands-on experience and build your professional network.
For more information, visit the MFE Master Project page.
When are the application deadlines?
There are two application periods:
- First period: mid-November to December 15
- Second period: December 16 to March 31
Decisions are sent by the EPFL Admissions Office by late March for applications registered by the 15th of December and mid-June for the applications registered by the 31st of March. You can freely choose to apply by the December deadline or the March deadline. Regardless of which deadline you choose to meet, studies begin in early September, following acceptance.
Students requiring a visa should apply by December 15 to allow sufficient time for the visa process, which can take up to 3 months.
For more info visit our Application & Admission page
When does the program start?
The program starts in early September of each year.
What are the eligibility criteria?
To apply, you need:
- A bachelor’s degree in a technical discipline (Mathematics, Physics, Computer science, Engineering, Economics)
- One programming language (C, C++, Python, Java, …) or an interpreted language (Matlab, Octave, SciLab, Mathematica, …)
- Excellent English skills (proficiency level).
- A strong motivation for finance.
How do I apply?
Applications are submitted online via the EPFL admissions portal. You will need to provide:
- Your CV
- Academic transcripts
- A letter of motivation
- Two letters of recommendation (not required from EPFL bachelor students)
How many students are admitted each year?
The program is highly selective, with approximately 40 to 50 students admitted annually out of several hundred applications.
Can I visit the EPFL campus before applying?
Yes! Discover EPFL through our guided tours! Explore the campus and its unique atmosphere, visit our exhibitions, or learn about our energy production systems. You can also explore the campus anytime through our virtual tour.
What kind of career does the MFE program prepare me for?
The MFE program prepares you for diverse, high-demand activities across industries, including:
- Risk Management and Control
- Trading Support
- Product Development
- Portfolio Management
- Alternative Investment
- Corporate Finance
For comprehensive details, visit the MFE Career Prospects page.
Is the MFE Master a multicultural program?
Absolutely! The program attracts students from diverse cultural backgrounds speaking many different languages. Students also have diverse academic backgrounds, including computer science, mathematics, electrical engineering, and more.
Are there student associations or clubs?
Yes, the Financial Engineering Society (FES) is the student association for MFE students. It organizes networking events, workshops, and social activities to enhance your student experience.
Follow FES on Instagram: epflfes
If you wish to explore all active students associations at EPFL, please visit this page.
Is it possible to work part-time during the program?
While the MFE Master program is intensive, some students may be able to work part-time (up to 15 hours per week) under specific conditions. For detailed rules and eligibility, please refer to this page.
Where is the MFE program located?
The program is based at the EPFL campus in Lausanne, Switzerland, with some classes taking place in the Odyssea Building. The MFE office is located in the same building (office 3.18).
How can I contact the MFE team?
You can reach the MFE team at:
- Email: [email protected]
- Phone: +41 (0)21 693 01 22
- Address: Odyssea Building, EPFL, Station 5, 1015 Lausanne, Switzerland
Are there scholarships or financial aid available?
EPFL offers some scholarships and financial aid options for master’s students. Visit the EPFL financial aid page for details.
Where can I find information to prepare for my arrival at EPFL?
You can find all the details about housing, registration, orientation events, and more on the EPFL New Master Students page. This page is designed to guide you through every step of your arrival.
Is health insurance mandatory for master students at EPFL?
Yes, health insurance is mandatory for all students in Switzerland. To learn about your options and how to subscribe or be exempted, visit the EPFL Health Insurance page.
I’m an international student. Where can I find information about visas and immigration?
If you are coming from abroad, check the EPFL Immigration page for detailed information about visa requirements, residence permits, and other immigration procedures.
Is there a welcome guide for new master students?
Yes! EPFL provides a Welcome Guide for new students (PDF), which includes practical tips, important contacts, and everything you need to know to start your journey at EPFL.
Who can I contact if I have questions about my arrival or administrative procedures?
For any questions related to your arrival or administrative procedures, you can contact the EPFL Student Services:
- Email: [email protected]
What housing options are available for students at EPFL?
EPFL offers several housing options for master students:
- Student Halls (Cité Universitaire): Affordable and convenient rooms on or near campus. These are managed by the Fondation des Étudiants de l’UNIL et de l’EPFL (FEU). Learn more and apply here.
- Private Housing Database: EPFL provides a database of private housing options (apartments, studios, shared flats) in Lausanne and surrounding areas. Browse the housing database.
- External Housing Websites: Additional listings are available on external platforms like Homegate, Comparis, or Anibis. Explore external housing options.
We encourage you to secure your accommodation early.