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 of Financial Engineering
- 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 diveded 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. 20 months.
|Engineering Modules||Management Modules|
Mr. Gian-Pietro Solinas
+49 721 608 47902
Assessing and controlling different types of risks are key responsibilities in the financial sector.
Reveal the Value of our Master´s Program Financial Engineering here
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.
The right decision: With this Master´s program prepares you are prepared for a vibrant future!
Program Structure & Academic Calendar
The concurrently taught Executive Master’s program is designed for working professionals. Block lectures scheduled at intervals allow participants to continue their demanding careers while acquiring new skills.
The Master’s program is divided into 10 modules: 5 Management modules present broader knowledge in management know-how and 5 Engineering modules provide deeper knowledge in technological topics.
Download: Academic Calendar Intake 2021 (PDF)
Content Overview & Learning Targets
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
Economic Sector & Career Perspective
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.
"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
Academic Requirements & Admission Statutes
- University degree in a relevant subject
- Professional experience (at least 1-2 years) & current employment
- English proficiency
Download the statutes for admission to the Master's program in Financial Engineering (only available in German).
Program Directors & Faculties
Prof. Dr. Maxim Ulrich
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 Decision Theory and Management Science
- Institute of Economic Policy Research
- 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 Information Systems and Marketing
- Institute of Product Development
- Institute of Statistics and Mathematical Economic Theory
*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 12 to November 13, 2021.
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.