Financial Engineering (Part-time), M.Sc.

  • N/A
    Application Deadline
  • 20 months
    Duration
  • Tuition Fee
    18000 EUR/year
    Tuition fee
    18000 EUR/year
    Tuition fee
  • English
    Language
Fast-evolving financial markets constantly set new challenges while progress in quantitative tools and computer technology open up entirely new opportunities. The Master Degree in Financial Engineering (Part-time) is offered by Karlsruhe Institute of Technology (KIT).

About

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 (Part-time) 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:

  • 5 Engineering Modules addressing technological topics, and 5 Management Modules providing general leadership know-how.
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.

Accreditation

The KIT is system-accredited by AAQ. All HECTOR School master programs are accredited by the internal quality assurance system of the KIT.

Programme Structure

Engineering Modules
  • Information & Service Management
  • Global Financial Markets
  • Valuation & Financial Analytics
  • Advanced Financial Engineering
  • Risk Management
Management Modules
  • International Project Management
  • Finance for Executives
  • Management Accounting, Marketing and Strategy
  • Stochastic & Games
  • Law & Contracts
For more information, please visit program website.

Audience

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

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

Lecturers

Program Directors
  • Prof. Dr. Marliese Uhrig-Homburg
  • Prof. Dr. Martin E. Ruckes

Detailed Programme Facts

  • More details: HECTOR School of Engineering & Management has a rolling application process.

  • Programme intensity Part-time
    • Average part-time duration 20 months
    • Intensity Flexible
    • Part-time variant
      Residential
    • Duration description

      • Duration: part-time lecture period of ~15 months • Master thesis: project work in the company, 6 months

  • Credits
    90 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

You need the following TOEFL(IBT) score:

  • Minimum required score:

    90

    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.

Find English courses on Preparation Courses Portal.

Academic Requirements

University Qualification

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:
  • Economics
  • Business informatics
  • Business mathematics
  • Industrial engineering
  • Physics
  • or a related subject
Basic knowledge in one of the following fields:
  • Micro- and macroeconomics
  • Finance or internal and external accounting

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

Work Experience

At least 1 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.

Tuition Fee

  • International

    18000 EUR/year
    Tuition Fee
    Based on the original amount of 30000 EUR for the full programme and a duration of 20 months.
  • EU/EEA

    18000 EUR/year
    Tuition Fee
    Based on the original amount of 30000 EUR for the full programme and a duration of 20 months.

Living costs for Karlsruhe

810 - 1,230 EUR/month
Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Different options exist for financing the tuition fees for the HECTOR School.

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.