M.Sc. Financial Engineering (FE)

Karlsruhe Institute of Technology (KIT)

Application deadline: open
Tuition fee:
  • € 20,000 / Year (EEA)
  • € 20,000 / Year (Non-EEA)
Start date: October  2015
Credits (ECTS): 90 ECTS
Duration full-time: 18 months
Languages:
  • English
Location:
Disciplines:
Delivery mode: On Campus
Educational variant: Part-time
Executive study: Yes
Intensity: Flexible
Duration part-time: 18 months
Part-time variant: Residential

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Description

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 engineer’s 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.

Objective

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:

  • Investment banking

  • risk management

  • corporate financial strategy

  • financial information systems

  • regulation

  • portfolio management

  • trading

Official Program Startings

  • Intake 2015: 05 Oct 2015

  • Intake 2016: 03 Oct 2016

Contents

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.

Management Modules:

International Project Management

  1. Project Management & Scheduling
  2. Multi-Project Management in an International Setting
  3. Development Management
  4. Intercultural Mangement
Finance for Executives
  1. Introduction to Finance & Financial Accounting
  2. Financial Accounting
  3. Fundamentals of Finance
Business Strategy, Marketing and Controlling
  1. Business Strategy
  2. Introduction to Management Accounting
  3. Marketing
Stochastic & Games
  1. Decisions under Risk & Uncertainty
  2. Optimization under Uncertainty,
  3. Applied Game Theory
  4. Simulation & Case Study

Law & Contracts

  1. Decisions, Contracts, Markets & Trade
  2. International Law - The Law of Business Organizations
  3. International Intellectual Property Law

Engineering Modules:

Information & Service Management

  1. Information & Market Engineering
  2. Service Management & Innovation
Global Financial Markets
  1. Global Financial Markets
Introduction to Financial Engineering
  1. Corporate Financial Engineering
  2. Tools for Financial Engineering
Advanced Financial Engineering
  1. Derivatives
  2. Fixed Income
Advanced Risk & Asset Management
  1. Advanced Risk & Asset Management

Master Thesis:

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).

Audience

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.

Requirements

In order to be admitted to our Financial Engineering master program, the following requirements have to be fulfilled:

  • Appropriate qualification for university entrance: First degree: Bachelor, master, diploma... (University, University of Applied Sciences, Cooperative State University)

The first degree should be in:

  • - Economics
  • - business informatics
  • - business mathematics
  • - industrial engineering
  • - physics

or a related subject.

  • Basic knowledge of one of the following fields is required:
  • - Micro- and macroeconomics
  • - finance or internal and external accounting

In exceptional cases other degrees may be accepted (e.g., professional experience).

  • 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.
  • TOEFL Test: Evidence of an adequate knowledge of the English language is required, normally in the form of a TOEFL (Test Of English as a Foreign Language).
  • Interview: The last step of admission is the successful completion of the interview with the program director.

English Language Requirements

TOEFL iBT® test: 100

Work Experience

At least 3 year(s) of work experience is required.

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Accreditation

This program is accredited by the ASIIN (www.asiin.de)

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