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Financial Engineering – (M.Sc.)
Karlsruhe Institute of Technology (KIT)
HECTOR School of Engineering and Management
- Program Website
- HECTOR School of Engineering and Management
- University Website
- International Department GmbH
- Information about University
- Study Experiences about Germany - STeXX.eu
| Application Deadline: | open | ||
| Annual Tuition Fee: | ≈ € 30,000 - | ||
| Location: | Karlsruhe / Germany / View location on map ▾ Hide location on map ▴ | ||
| Duration: | 18 months | Start Date: | Anytime |
| Educational Form: |
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| Credits (ECTS): | 90 | ||
| Languages: | English | ||
Location of Karlsruhe Institute of Technology (KIT)
Assessing and controlling different types of risks are key responsibilities in the financial sector. The quality of risk management processes is a crucial factor in the success or failure of the business. Increasingly complex financial products, various regulations and the enormous importance of information technology have created a great challenge both to financial and non-financial companies. Mastering these challenges requires a thorough understanding of complex financial strategies, financial modelling ability, computational proficiency, and eventually, managerial vision.
In response to this demand, our Master´s Program in Financial Engineering offers a unique combination of familiarity to finance theory, engineering methods, management tools, mathematical and computational techniques. With its long tradition of interdisciplinary programs, the Universität Karlsruhe (TH) provides an ideal interdisciplinary environment. Building on the long-established reputation for excellence in business engineering, the two-part program combines an in-depth knowledge and understanding of fundamental concepts in business, finance, and management in the first half, with the latest developments in financial engineering in the second half.
With the pace of financial innovation, the need for highly qualified people trained in financial engineering also increases. A demanding career in a financial company such as an investment or commercial bank, an exchange or a rating agency would be an ideal place to work, with the abilities attained in the program. The techniques are also to the utmost benefit for the candidate that pursues a career in a non-financial corporate, since the material covered is well applicable to corporate finance, and corporate risk management.
Contents
Modul Name
Lecture
MM1: Accounting and Controlling
Financial Accounting
Management Accounting
MM2: International Project Management
Project Management and Scheduling
Project Risk, Change & Profit Management
Information and Process Modeling
Multiproject Management in an International Setting
Development Management
Intercultural Management
EM1: Information & Financial Engineering
Information and Market Engineering
Service Innovation
Service Management
EM2: Financial Management
Modern Theory of Investment
Corporate Financial Engineering
MM3: Finance and Marketing
Fundamentals of Finance
Business Strategy
Marketing
EM3: Quantity Methods of Finance
Financial Econometrics
Stochastic Calculus and Introduction to Mathematical Finance
EM4: Fixed Income and Derivative
Derivatives
Fixed Income Securities
Computational Finance
EM5: Risk Management
Insurance, Risk Analysis and Asset-Liability Management
Credit Risk and Operational Risk
MM5: Law and Contracts
International Intellectual Property Law
Decisions, Contracts, Markets and Trade
International Law – The Law of Business Organizations
You are normally required to take an English Proficiency Test if you come from a non-English speaking country.
Most European Universities recognise the IELTS test.
More informationGRE® revised General Test
GRE Scores are accepted at business schools worldwide. Learn more and register.
Register Now!Requirements
- Appropriate qualification for university entrance: Bachelor, Master, Diplom-FH, Diplom Univ., Diplom BA, Maîtrise, D.E.A. etc.; The first degree should be in the field of engineering, natural sciences, information science or economics. In exceptional circumstances other degrees may be accepted.
- Job Experience: At least three years of work or practical experience in the specific field of the course. References are needed as evidence of this.
- TOEFL Test: Evidence of an adequate knowledge of the English language is required, this is normally in the form of TOEFL (Test Of English as a Foreign Language). This is not relevant for native speakers.
- TOEIC Test: The Test of English for International Communication (TOEIC) measures the proficiency of non-native English-speaking examinees to use English in everyday workplace activities. The TOEIC test is a two-hour multiple-choice test divided into listening and reading comprehension.
- HECTOR Program Director Interview: In a 30-minute interview you are ask to demonstrate your theoretical know-how and professional experience in the field. This interview will either take place at the HECTOR School in Karlsruhe, or through a telefone interview for international applicants.
- HECTOR School Interview: A 45-minute interview follows immediately, you are asked to present your motivation to follow this master program.
- OPTIONAL: A GMAT (Graduate Management Admissions Test) or GRE (Graduate Record Examination) test is accepted and depends on the first degree. For the GMAT at least 600 points are required and for the GRE the student must have scored 4.5 in "analytical writing" and 600 points in both the "quantitative" and "analytical writing" sections.
Additional Requirements
| Minimal degree required: | Bachelor's degree |
| Minimal amount of work experience | 3 years |
Language Proficiency
| TOEFL Internet-based: | 100 |
Accreditation
This program is accredited by the ASIIN (www.asiin.de)
Funding details
Industry Scholarships
At the International Department we believe that it is beneficial for all course participants to have close working relationships with exceptional German and international companies. The International Department can aid its participants in establishing these relationships as it is in the unique position of having top-level executives from leading German companies on its Board of Directors. Relationships can also be established as participants are sponsored by a range of international companies. It is expected that the majority of the Executive Master participants will be corporately sponsored either partly or fully. Therefore, in order to assist candidates in their application for sponsorship we have developed a business case for studying an Executive Master of Science at the Hector School.
HECTOR School Scholarships
The International Department also offers a very limited number of scholarships, covering full or part tuition costs. This is an outstanding opportunity for exceptional candidates who wish to be self-subsidised. It is essential that scholarship applicants are likely to be among the best on the course and have high potential for success after completing the program and leaving the Hector School.
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