Therefore, the finance industry needs people with deep knowledge of financial theory, mathematical tools and information technology as well as adequate methods of engineering and management tools. The Master Degree in Financial Engineering from Karlsruhe Institute of Technology (KIT) qualifies graduates to meet all this needs.
The Master Program in Financial Engineering provides innovative solutions of pricing, hedging, trading and portfolio management problems by employing advanced mathematical methods and computer technology. Graduates will be qualified to consider challenges in the financial sector from an engineer’s point of view and to develop and optimize innovative solutions on the basis of fundamental economic laws.
The content of the Master Program is divided into 10 modules:
Assessing and controlling different types of risks are key responsibilities in companies as well as 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.
Professionals working in financial product-oriented service sectors, e.g.:
You can apply until:
Always verify the dates on the programme website.
• Duration: part-time lecture period of ~15 months • Master thesis: project work in the company, 6 months
You need the following TOEFL(IBT) score:
Minimum required score:
The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).
Before starting a programme, you need to have a basic knowledge of the English language.
First academic degree: Bachelor, Master, Diploma, etc. (University, University of Applied Sciences, Cooperative State University) in a relevant subject, such as Engineering, Natural Sciences, Information Science or Economics. In exceptional cases other degrees may be accepted.First university degree in:
In exceptional cases other degrees may be accepted (e.g. depending on professional experience).
At least 1 year(s) of work experience are required.
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.
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