KARLSRUHE INSTITUTE OF TECHNOLOGY · GERMANY
Master of Science in Financial Engineering
Master's · Taught in en
At a glance
15 mo
Duration
0.0
IELTS
€36k
Tuition / yr
en
Language
Master's
Level
- 15 monthsProgram Duration
- 90 ECTSCredit Points
- EnglishLanguage of Instruction
- OctoberAnnual Intake
- PythonProgramming Language Focus
- M.Sc.Degree Awarded
The Master of Science in Financial Engineering program at HECTOR School equips you with a unique blend of finance theory, engineering methods, management tools, and computational techniques, including artificial intelligence and data science. It focuses on practical, hands-on applications using Python to address challenges in pricing, hedging, trading, and portfolio management. The program is designed for working professionals, offering a part-time structure that allows you to continue your career while gaining advanced skills. This program emphasizes data-driven decision-making, enabling you to develop innovative solutions grounded in economic principles and engineering perspectives. Graduates are prepared for demanding roles in the financial sector and non-financial corporations, applying advanced analytical and technological skills to modern business challenges.
Curriculum
The program is structured into 10 modules, consisting of 5 engineering modules and 5 management modules, each lasting two weeks. These are followed by a six-month master's thesis, often completed as an innovation project within a company. The total duration is approximately 20 months. Preparatory courses in Probability and Statistics are available.
- Modules
- Digital Financial Markets
- Financial Economics for Data Scientists
- Machine Learning for Data-Driven Decision Making
- Engineering Aspects of Financial Markets
- Alternative Data and Machine Learning for Business Applications
- Marketing & Data Science
- Finance & Value
- Decisions & Risk
- Innovation & Projects
- Strategy & People
Careers
Graduates are well-prepared for demanding careers in financial companies such as investment banks, commercial banks, exchanges, or rating agencies. The skills acquired are also highly valuable in non-financial corporations for roles in corporate finance and risk management. The program addresses the increasing need for interdisciplinary expertise in response to structural changes and competitive pressures within the financial industry.
- Financial Analyst
- Risk Manager
- Data Scientist
- Quantitative Analyst
- Portfolio Manager
- Consultant
- Project Manager
Frequently asked questions
- What are the entry requirements for the Master of Science in Financial Engineering?
- You need a first academic degree such as a Bachelor, Master, or Diploma in a relevant subject, and at least one to two years of professional experience with current employment. English language proficiency is also required.
- What is the total tuition fee for this program?
- The total tuition fee for the Master of Science in Financial Engineering program is 36,000.00 Euro.
- How long does the Master of Science in Financial Engineering program take to complete?
- The program is approximately 20 months long, including a six-month master's thesis. The curriculum is structured into 10 modules, each lasting two weeks.
- What is the language of instruction for this program?
- The language of instruction for the Master of Science in Financial Engineering program is English.
- When does the program start and what are the application deadlines?
- The program starts in October every year. HECTOR School has a rolling application process with no fixed deadline, and applications are reviewed continuously.
- What kind of career opportunities are available after graduation?
- Graduates are well-prepared for demanding careers in financial companies as Financial Analysts, Risk Managers, Data Scientists, Quantitative Analysts, or Portfolio Managers. Skills are also valuable in non-financial corporations.
Entry requirements
First academic degreee.g. Bachelor, Master or Diploma in a relevant subject.
Professional experienceAt least 1-2 years of professional experience and current employment.
English Language ProficiencyRequired
Detailed admission requirements can be found on the university's website. The statutes for admission are available in German.
Fees
Tuition (international)36,000.00 € overall
Tuition (home)Not specified
LivingNot specified
The total tuition fee is 36,000.00 Euro.
How to apply
1. Check Admission RequirementsEnsure you meet the academic and professional experience requirements, as well as English language proficiency.
2. Gather Required DocumentsPrepare all necessary documents, which typically include academic transcripts, degree certificates, proof of professional experience, and proof of English proficiency. (See 'Documents' for more details).
3. Submit Online ApplicationComplete and submit the online application form through the HECTOR School application portal.
4. Interview (if applicable)You may be invited for an interview as part of the selection process.
5. Receive Admission DecisionAwait notification of the admission decision. Successful candidates will receive an offer of admission.
6. EnrollUpon acceptance, follow the instructions for enrollment and visa procedures (if applicable).
Accreditation
by aaq
Frequently asked questions
What are the entry requirements for the Master of Science in Financial Engineering?
+
You need a first academic degree such as a Bachelor, Master, or Diploma in a relevant subject, and at least one to two years of professional experience with current employment. English language proficiency is also required.
What is the total tuition fee for this program?
+
The total tuition fee for the Master of Science in Financial Engineering program is 36,000.00 Euro.
How long does the Master of Science in Financial Engineering program take to complete?
+
The program is approximately 20 months long, including a six-month master's thesis. The curriculum is structured into 10 modules, each lasting two weeks.
What is the language of instruction for this program?
+
The language of instruction for the Master of Science in Financial Engineering program is English.
When does the program start and what are the application deadlines?
+
The program starts in October every year. HECTOR School has a rolling application process with no fixed deadline, and applications are reviewed continuously.
What kind of career opportunities are available after graduation?
+
Graduates are well-prepared for demanding careers in financial companies as Financial Analysts, Risk Managers, Data Scientists, Quantitative Analysts, or Portfolio Managers. Skills are also valuable in non-financial corporations.