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Program Consulting

admissionsTpq5∂hectorschool com

+49 (0)721 608 47878

Prof. Marliese Uhrig Homburg
Program Director
Prof. Dr. Marliese Uhrig-Homburg

Institute for Finance, Banking and Insurance (FBV), KIT

Prof Dr Ruckes
Program Director
Prof. Dr. Martin E. Ruckes

Institute for Finance, Banking and Insurance (FBV), KIT


Master in Financial Engineering (FE)

Data Science, Machine Learning and Financial Technology

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.

Hot Topics in FE

Hot Topics in Financial Engineering

  • Customer Value Preposition
  • Risk management: risk analysis, risk sensitiveness, risk assessment, and risk rating
  • Machine learning for risk and asset management
  • Financial technologies: financial prototyping & modeling 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

Content Summary

Financial Engineering

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. 

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 program prepares you are prepared for a vibrant future!

Download the program brochure


Module Structure

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 Course:

  • Participants without experience in the field of probability have to take part in the Crash Course “Probability and Statistics” taking place from November 13 to November 14, 2020 (Intake 2020).

We highly recommend all applicants to participate in the courses to update the technical knowledge, as it might be the crucial factor for a successful degree at HECTOR School.

Engineering Modules Management Modules
  • Digital Platforms
  • Economics of Global Financial Markets
  • Massive Data Sets and Machine Learning for Financial Engineering
  • Advanced Finance Theory
  • Financial Machine Learning with Artificial Intelligence
  • Crash Course: "Probability and Statistics" (preparatory modules)      
More information (PDF)
  • Marketing & Information
  • Finance & Value
  • Decisions & Risk
  • Innovation & Projects
  • Strategy & People
     More information (PDF)


FAQ Relating COVID-19

Applying: The application process will be proceeded as usual with some hygiene requirements: personal interviews will take place online for the moment.

Studying: Currently, we assume that the next intake will start regularly in October 2020.
In any case you can be sure that we will keep you updated and you will receive the excellent quality you can expect from HECTOR School and the KIT.

Find here always updated information: Updated FAQ COVID-19

Information and Download

Download Request Course Guidebooks
Meet Us Upcoming Fairs & Events
Admission Application Process
  Admission Requirements 
  Application Portal External Link


Target Group

Target Group

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

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


Career Perspectives

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.

Alumni Voices

HECTOR School Alumni Financial Engineering

"Nowadays banking needs knowledge on high sophisticated and very actual level. In my opinion the HECTOR School Master program Financial Engineering is a very recommendable way if one wants to manage present and future challenges in the overall banking sector sucessfully. The new and state-of-the-art methods in risk management taught in the specific modules are a great help in my everyday practical work."

Phillip Schultheiß, HECTOR School Graduate FE
BBBank eG

Alumni Voices on Youtube

Admission Requirements

Admission Requirements


  • University degree in a relevant subject
  • Professional experience (at least 1-2 years) & current employment
  • English proficiency

Detailed description of all admission requirements

Program Structure

The Master Program is splitted in 5 Engineering and 5 Management Modules of 2 weeks, each over a period of 15 months. The modules are followed by a master thesis written in the company (FE: 6 months) and often used as a innovation project for the company. The overall duration is approx. 20 months.

>>>Admission statutes (german PDF)<<<


Academic Calendar Intake 2020

Download: Academic Calendar Intake 2020 (PDF)

HECTOR School Timetable Intake 2020 FE/ISEM

HECTOR School Campus

The 10 teaching modules take place at the HECTOR School in Karlsruhe. More information on:


KIT Campus & Infrastructure

As the Technology Business School of the KIT, the HECTOR School benefits from the extensive university infrastructure of the worldwide renowned research and educational institution.

KIT Teaching Quality

KIT Flag

The HECTOR School offers top-level teaching derived from state-of-the-art research at the Karlsruhe Institute of Technology (KIT). Numerous institutes and departments of the KIT are involved in the HECTOR School Master Programs FE: