M.Sc. Financial Engineering (FE)

  • On Campus
  • 20 months
  • EUR30000 per Year (International

    Tuition fee for the international students.

    )
    EUR30000 per Year (EEA

    European Economic Area tuition fee is applicable to the students from EU countries, Iceland, Liechtenstein, Norway and Switzerland.

    )
  • English ( Find a course )
Karlsruhe Institute of Technology (KIT) | Karlsruhe, Germany
Fast-evolving financial markets constantly set new challenges while progress in quantitative tools and computer technology open up entirely new opportunities. 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. FE qualifies graduates to meet all this needs. This Financial Engineering (FE) programme is offered by the Karlsruhe Institute of Technology (KIT).
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Description

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.

Career Perspectives

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.

This Financial Engineering (FE) programme is offered by the Karlsruhe Institute of Technology (KIT).

Detailed Course Facts

Start dates and application deadlines

Starting in

  • ( General

    General deadline, applies to everyone.

    )
Tuition fee
  • EUR 30000 per year (International

    Tuition fee for the international students.

    )
  • EUR 30000 per year (EEA

    European Economic Area tuition fee is applicable to the students from EU countries, Iceland, Liechtenstein, Norway and Switzerland.

    )

The tuition fee for a Master of Science Program at the HECTOR School includes:

  • Tuition for all HECTOR School modules and supervision of the master's thesis
  • Course materials in a digital version
  • WLAN access to the KIT network and computer laboratories
  • Free usage of the KIT library
  • Free drinks & snack buffet during the lectures
  • Participation in social events during the HECTOR School modules

The following costs are not included:

  • Living expenses (food, clothes, and other everyday commodities)
  • Costs for accommodation in Karlsruhe (campus accommodation at the HECTOR School are available at special rates)
  • Travel to and back from Karlsruhe
  • Immatriculation fee of the Karlsruhe Institute of Technology (KIT) (approx. 150 EUR per semester)
  • Transport and Accommodation during international modules (if applicable)
Credits (ECTS) 90 ECTS
Duration full-time 20 months
Languages
Delivery mode On Campus
Educational variant Part-time
Intensity Flexible
Duration part-time 20 months
Part-time variant Residential

Course Content

Hot Topics in FE
  • Risk management: risk analysis, risk sensitiveness, risk assessment, and risk rating
  • Asset management & optimal investment portfolios
  • Derivatives: sensitivity analyses, static & dynamic trading strategies
  • Safety & security in IT systems (e.g. computational models to predict returns and to solve quant finance problems with modern software)
  • Analysis of projects regarding the associated information, service and finance products used from the innovation to the product launch and after
The content of the Master Program is divided into 10 modules: 5 Engineering Modules addressing technological topics, and 5 Management Modules providing general leadership know-how.
Modules

Engineering Modules

  • Information & Service Management
  • Global Financial Markets
  • Fundamentals in Financial Engineering
  • Advanced Financial Engineering
  • Risk Management

Management Modules

  • International Project Management
  • Finance for Executives
  • Business Strategy, Marketing & Controlling
  • Stochastic & Games
  • Law & Contracts

Audience

Professionals working in financial product-oriented service sectors, e.g.:

  • Investment and private banks
  • Corporate departments in industry
  • Insurance companies

English Language Requirements

Before starting a programme, you need to have a basic knowledge of the English language. Find English courses on Language Learning Portal.

TOEFL iBT® test (read more)
90

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).

English Qualification
  • Evidence of an adequate knowledge of the English language is required
  • Usually in the form of a TOEFL (at least 90 points iBT) or an equal qualification which must be checked individually

Work Experience

At least 2 year(s) of work experience are required.

  • Depending on the first degree´s level, 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.

More Information

Accreditation

This program is accredited by the ASIIN

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