Master in Financial Engineering
Karlsruhe, Germany
DURATION
20 Months
LANGUAGES
English
PACE
Part time
APPLICATION DEADLINE
Request application deadline
EARLIEST START DATE
Oct 2024
TUITION FEES
EUR 9,000 / per semester *
STUDY FORMAT
On-Campus
* total of 36,000 € for the entire program.
Introduction
Fast-evolving financial markets constantly set new challenges while progress in quantitative tools and computer technology opens 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 these 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.
Admissions
Curriculum
Program content
- Customer Value Proposition
- Risk management: risk analysis, risk sensitiveness, risk assessment, and risk rating
- Machine learning for risk and asset management
- Financial technologies: financial prototyping & modelling with python
- 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
- Asset management & optimal investment portfolios
- Derivatives: sensitivity analyses, static & dynamic trading strategies
Modules
The content of the Master Program is divided into 10 modules:
5 Management Modules presents broader knowledge in management know-how and 5 Engineering Modules provides deeper knowledge in technological topics.
Crash Courses
- Electrical Engineering
- Fluid Mechanics & Thermodynamics
- Probability & Statistics
We highly recommend all applicants to participate in the courses to update their technical knowledge, as it might be the crucial factor for a successful degree at HECTOR School.
Engineering Modules
- Digital Platforms
- Global Financial Markets
- Valuation & Financial Analytics
- Advanced Financial Engineering
- Risk Management
Management Modules
- Marketing & Information
- Finance & Value
- Decisions & Risk
- Innovation & Projects
- Strategy & People
Program Outcome
Knowing the Right Answer
After running through the Financial Engineering Master program you will have answers to vital questions like:
- Should company X manufacture product Y?
- Should company X build a warehouse in Z?
- How does a delay change the value of the project?
Making Better Decisions
Understand projects strategically helps to make better decisions:
- Learn which decisions need to be taken in order to leverage the value of the company/product.
- Recognize the strategy behind the project and understand the big picture
- Know what mergers, acquisitions and changes mean and how you can influence the consequences.
- Create compelling evaluation systems and key figures to present your project, your department and yourself the best.
The right decision: With this master, the program prepares you are prepared for a vibrant future!
Gallery
Ideal Students
Target group
Professionals working in financial product-oriented service sectors, e.g.:
- Investment and private banks
- Corporate departments in the industry
- Insurance companies
Career Opportunities
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.