Financial engineering provides innovative solutions of pricing, hedging, trading, and portfolio management problems by employing advanced mathematical methods and computer technology.
Graduates of the Financial Engineering (FE) master program are capable of taking over executive functions in financial management. They are qualified to consider challenges in the finance sector from an engineers point of view and to develop and optimize innovative solutions on the basis of fundamental economic laws. Their profound understanding of complex financial products enables them to deal with the challenges of an increasingly globally acting finance sector.
Participants apply and optimize acknowledged financing theories, engineering methods, and management tools as well as mathematical and computer-aided techniques. Simultaneously, they identify the limits of economic and financial-mathematical models. Consequently, they are prepared well for careers at e.g. credit institutes, investment companies, insurance companies, consulting firms, and finance departments of big national and international industrial companies.
Focus of the Program
This Master of Science program prepares executives for leading positions in the engineering sector. Participants will be familiarized with the efficient use and implementation of pricing and risk management methods on financial derivative and fixed income security markets. Computational skills and analytical thinking are encouraged in this course.
The Financial Engineering program is specifically designed for professionals who aim for a position in:
corporate financial strategy
financial information systems
Official Program Startings
Intake 2015: 05 Oct 2015
Intake 2016: 03 Oct 2016
Tuition fee for the international students.)
European Economic Area tuition fee is applicable to the students from EU countries, Iceland, Liechtenstein, Norway and Switzerland.)
The total cost for the Executive Master of Science Program at the HECTOR School is 30.000 EUR. The program cost include: * Entire tuition fees * Course materials, including core literature and all handouts * Access to the computer network and computer laboratories * Drinks & Snacks during the lectures
Not included are: * Living expenses * Cost for accommodation in Karlsruhe * Transport to and from Karlsruhe
5 Management Modules (MM) form the basis of all programs and provide basic knowledge in Finance, International Project Management, Business Strategy & Marketing, Stochastic & Games as well as Law & Contracts, so they can consider commercial consequences of business decisions.
The engineering emphasis of the program is taught in 5 additional Engineering Modules (EM) with specialization in Financial Engineering.
International Project Management
Law & Contracts
Information & Service Management
The master thesis is written within the framework of the students' employment at their respective companies, guided by a professor of the Karlsruhe Institute of Technology (KIT).
Future engineering executives working in financial product-oriented service sectors. Lines of business may be e.g. investment and private banks, business investment departments, insurance companies, etc.
In order to be admitted to our Financial Engineering master program, the following requirements have to be fulfilled:
The first degree should be in:
or a related subject.
In exceptional cases other degrees may be accepted (e.g., professional experience).
At least 3 year(s) of work experience are required.Professional Experience: Depending on the first degree´s level (210 or 180 ECTS points), work or 1 or 2 years of practical experience in the program subject area is required. Three years of work experience are recommended. References are needed as evidence.
This program is accredited by the ASIIN (www.asiin.de)
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