Financial Engineering (FE)

Organisation:: HECTOR SCHOOL of Engineering and Management
Ort, Bundesland, Land:: Karlsruhe, Baden-Württemberg, Germany
Typ:: Part-time
Certificate:: M.Sc.
Duration:: 3 Semester/s

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Programme

Assessing and controlling different types of risks are key responsibilities 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. Mastering these challenges requires a thorough understanding of complex financial strategies, financial modelling ability, computational proficiency, and eventually, managerial vision.

In response to this demand, our Master’s Program in Financial Engineering offers a unique combination of familiarity to finance theory, engineering methods, management tools, mathematical and computational techniques. With its long tradition of interdisciplinary programs, the Karlsruhe Institute of Technology (KIT) provides an ideal interdisciplinary environment. Building on the long-established reputation for excellence in business engineering, the two-part program combines an in-depth knowledge and understanding of fundamental concepts in business, finance, and management in the first half, with the latest developments in financial engineering in the second half.

With the pace of financial innovation, the need for highly qualified people trained in financial engineering also increases. A demanding career in a financial company such as an investment or commercial bank, an exchange or a rating agency would be an ideal place to work, with the abilities attained in the program. The techniques are also to the utmost benefit for the candidate that pursues a career in a non-financial corporate, since the material covered is well applicable to corporate finance, and corporate risk management.

Meet us, to explore the Financial Engineering track at the KIT. Join us, to acquire the tools that will guide your career path in this exciting area.

Prof. Dr. Marliese Uhrig-Homburg
Program Director FE

Target audience

Objective:

Financial Engineering provides innovative solutions for pricing, hedging, trading and portfolio management problems by employing advanced mathematical methods and computer technology. One important area is design and analysis of financial contracts.

Success in this interdisciplinary field requires knowledge of financial theory, mathematical methods and information technology as well as adequate management tools which is offered by the HECTOR School.

Target Group:

Young professionals (age 27 - 40) identified as high potentials in companies like rating agencies, privat or public banks and also young professionals working in corporate finance departments of consolidated companies.

Exemplary positions of HECTOR students and Alumni:
Manager, Retail and Logistics Property Finance; Board of Director‘s staff; Bank Product Conception and Development; Portfoliomanager/Public Finance; Head of Group Model Development; Financial Controller; etc.

Emphases/Curriculum

This Master of Science program prepares executives for leading engineering positions within financial institutions, financial consulting industries, financial service and corporate treasuries as well as with software and systems providers. Participants will become familiar 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 major in Financial Engineering is specifically designed for professionals who wish to obtain a position in:

Investment Banking
Risk Management
Corporate Financial Strategy
Financial Information Systems
Regulation
Portfolio Management
Trading

Admission/Entrance requirements

Total fees approx.:	€ 30.000

Admission Requirements: First degree: Bachelor, Diplom (Uni/FH/BA), M.Sc., ... Min. 3 years of relevant work experience with according references TOEFL score with a minimum of 570 points pb, 250 points cb and 88 points Optional: GMAT, GRE or HECTOR School Assessment Recommended background studies: Business or politial economics, Information Engineering/Technologies, Natural Sciences (Mathematics, Physics, etc.)

Languages
Language(s) of instruction:	English
Going abroad:	possible

Information material

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I want: Master Program Information FINANCIAL ENGINEERING

Information HECTOR School of Engineering and Management in general

Miscellaneous:

Organisation

The HECTOR School of Engineering and Management, named after Dr. h. c. Hans-Werner Hector, the co-founder of the software company SAP, is the Technology Business School of the Karlsruhe Institute of Technology (KIT).

The HECTOR School concept and the related programs were designed in strong cooperation with the industry board of the ID in 2004. This cooperation has contributed significantly towards the creation of six advanced executive degree programs offered at the HECTOR School.

Our degree programs are tailored to the needs of the employees of expanding companies which are facing the challenges of competition and globalization. The ability to ensure that businesses are cutting-edge and capable of the rapid adaptability of processes is the most crucial challenge for companies today and the responsibility of their well-trained professionals. In order to be a successful manager in this environment it is essential to possess a profound understanding of technological intricacies, their implementation within complex organizations and a deep economical awareness of interdependencies in distributed networks.

This necessary professional and methodological training is covered by our innovative degree programs at the HECTOR School designed for future Executives.

Study in Karlsruhe

Beauty and high technology

Today 270 000 people live in Karlsruhe the centre of the renowned “Technologieregion”, comprising one of the most dynamic high-tech areas in Europe. The local economy is based on a well-developed structure of mid-sized businesses, particularly in forward-reaching technologies like computer science, multimedia, control systems, energy technology and environmental science as well as nanotechnology. Several major companies such as Bosch, Siemens, DaimlerChrysler and Michelin have production facilities in the region. Major research and development institutions such the Karlsruhe Research Center for Technology and the Environment are part of the reason why the innovative potential of this city and region are well known world wide. A critical cornerstone is formed by the University and six other Karlsruhe institutions of higher education.

The city has also served as the home of justice in Germany for over 50 years. In 1950 the Federal Supreme Court began its work here as the highest authority in civil and criminal proceedings in Germany.

High Tech and High Life come together at the internationally recognized Center for Art and Media (ZKM), which is located in a historic industrial building and provides a unique museum of modern media.