M.Sc. Financial Engineering
Data Science, Machine Learning and Predictive Analytics
Data to Decisions. Build Robust Financial Strategies.
“We see modern Financial Engineering as the science of data-driven decision making in business environments. Building more accurate models reduces uncertainty around future events and paths the way to better decision making. It is a mix of broad decision-making applications, sound data and modeling work, paired with an entrepreneurial drive to solve innovation challenges using modern software and financial thinking, that makes our Master’s Program in Financial Engineering a unique experience.”
Prof. Dr. Maxim Ulrich
Temir Vinokhodov (he/him)
Admissions & Program Consultant
info ∂does-not-exist.hectorschool kit edu
+49 721 608 47880
Key Facts
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Structure: Part-time (but enrolled as a fulltime student)
- Duration: 15 months plus time needed for master's thesis (6 months)
- Costs: 36,000.00 € (thirty-six thousand Euro) overall (detailed information on our tuition and financing webpage)
- Language: English
- Degree: Master of Science (M.Sc.) of the Karlsruhe Institute of Technology (KIT), 90 ECTS
- Start: Every year in October (flexible schedule possible)
- Application deadline: There is none. We have a rolling application process.
- Admission requirements: First academic degree (e.g. Bachelor, Master or Diploma), at least 2 years professional experience, English language proficiency. Find more here.
- Accreditation: by aaq
Our Master’s program in Financial Engineering offers you a unique combination of finance theory, engineering methods, management tools, mathematical and computational techniques – blended with new developments from the field of artificial intelligence and data science. Financial Engineering introduces you to these techniques in a practical way, with a focus on hands on applications implemented in the Python programming language.
Focus Points
- Data science
- Machine learning for business and finance innovations
- Data-driven decision making
- Financial and risk management with python
Modeling and Understanding Data to Untap Hidden Value
The master's program Financial Engineering is divided into 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 (6 months) and often used as an innovation project for the company. The overall duration is approx. 21 months.
| Engineering Modules | Management Modules |
|---|---|
Preparatory Course*: |
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The Master´s 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 completing 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
Understanding 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.
With this Master's program you are prepared for a vibrant future!
The concurrently taught Executive Master Program is designed for working professionals. Block lectures scheduled at intervals allow participants to continue with demanding careers while acquiring new skills.
5 Management Modules presents broader knowledge in management know-how, including two modules conveying the universal topic of digitisation and the associated disruptive innovations. The 5 Engineering Modules provide deeper knowledge in technological topics.
Order now our "Content Overview and Learning Targets" (COLT) to get a better understanding of your favored Master Program. You will get an overview over
- Study objectives (e.g. professional qualification for certain activities, scientific practice, knowledge of methods)
- Structure of the program
- Content and definition of courses (sub-areas, focal points)
- Study plan
Click here to request your "Content Overview and Learning Targets" handbook.
Participants of Financial Engineering
Participants of Financial Engineering strive for a demanding career in a financial company such as an investment or commercial bank, an exchange or a rating agency. The techniques are also to the utmost benefit for candidates who pursue a career in a non-financial corporate, since the topics covered are well applicable to corporate finance, and corporate risk management.
Professionals working in financial product-oriented service sectors, e.g.:
- Consulting agencies
- Investment and private banks
- Corporate departments in industry
- Insurance companies
Career Perspectives after Graduation
With the pace of financial innovation, the need for highly qualified people trained in financial engineering also increases.
In many areas, the financial industry is currently facing structural changes to its offerings, IT systems and processes. The operational picture is characterized by a high project volume. Due to the high cost and competitive pressure, employees must be able to think and act in a cost-conscious, networked and innovative manner. This increasingly requires an interdisciplinary academic education for managers and future managers with modern IT skills, skills in designing industrial processes up to skills in managing large change programs.
Alumna Voice
"HECTOR School is the school of life. You rise coping with the challenges and each module is the next step of your progress."
Ekaterina N. Sereda/HECTOR School Intake 2007
RWE Supply & Trading
Find more Alumni Voices of our Master´s Programs
Admission Statutes
Download the statutes for admission to the Master's program in Financial Engineering (only available in German).
Program Directors
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Prof. Dr. Maxim Ulrich |
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Prof. Dr. Martin E. Ruckes |
KIT Teaching Quality
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´s program Financial Engineering:
- Institute of Finance, Banking and Insurance
- Institute of Industrial Production
- Institute of Information Law
- Institute of Operations Research
- Institute of Applied Business Studies and Management
- Institute of Applied Informatics and Formal Description Methods
- Institute of Economic Theory and Statistics
- Institute of Financial Engineering and Derivatives
- Institute of Product Development
Learn how our work-integrated study model lets you advance your education while continuing your career.
learn about the model
Get all the information you need to prepare and submit your application.
Learn about admissions
Explore the professional opportunities that can open up after your Master's degree.
See career paths
Certificate of Advanced Studies (CAS) in Future Mobility Topics
LEARN MORE
*Preparatory Course
Crash Course “Probability and Statistics” - Scheduled for mid-December to mid-January (exact dates TBA): Participants with few experience in the field of probability are highly recommended to take part in the crash course “Probability and Statistics”. Thanks to the blended learning format you can schedule the courses yourself within these weeks. You have an exchange with the lecturer during video meetings in order to prepare yourself optimally for the start of your studies.
We highly recommend all applicants to participate in the course to update the technical knowledge, as it might be a crucial factor for a successful Master degree at HECTOR School.
Find out more about our preparatory courses here.