Restricted admission

M.Sc. Financial Engineering (FE)

Hector School Karlsruhe

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  • Over 1,500 EUR/sem
    Tuition
  • Rolling intake
    Intake
  • English
    Language
  • 31 Dec
    Next deadline

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About the programme

Financial Engineering is an English-taught executive Master of Science of the Karlsruhe Institute of Technology (KIT), run by the HECTOR School for working professionals. It combines finance theory, engineering methods, management tools and mathematical and computational techniques with new developments in AI and data science, taught hands-on in Python. You learn to solve pricing, hedging, trading and portfolio management problems with advanced mathematics and computing. The programme has five engineering modules, including digital financial markets, machine learning for data-driven decisions and alternative data, and five management modules such as finance and value and decisions and risk. Each module is a two-week block over 15 months, followed by a six-month thesis usually written in your company, for about 21 months and 90 ECTS in total. It starts each October and suits working professionals.

Fields of study

General Engineering(Engineering)
Finance & Banking(Business & Economics)

How to apply

ChannelDirect to university
APSRequired for Application

APS checks your degree papers. You need it if your degree is from India, China or Vietnam.

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Requirements

What you need to apply for Financial Engineering (FE) at Hector School

English language

IELTS Overall
6.5/ 9.0
View English requirements details

English language proficiency is required, e.g. test certificate (e.g. TOEFL score of at least 570 PBT; 230 CBT; 90 iBT or IELTS band score of at least 6.5) or appropriate proof of C1 level. English native speakers are exempt from this requirement.

Academic requirements

Completed Bachelor's degree
Required
Minimum ECTS credits
180

ECTS are study credits. One year of full-time study is about 60 ECTS.

MOI accepted as English proof
Not Accepted
View academic requirements details

A first academic degree: e.g. Bachelor, Master or Diploma

https://www.hectorschool.kit.edu/downloads/Brochures/HECT... (opens in a new tab)

A minimum of 2 or 3 years of practical experience in the specific field of the course is required.

Three years of work experience are recommended.

References are needed as evidence.

Tests and documents

Statement of Purpose (SOP)
Required
Curriculum Vitae (CV)
Required
Letters of Recommendation
Required
GRE
Not required
View document requirements details

Required

Required

Required

APS verification

APS certificate
Required for Application

APS checks your degree papers. You need it if your degree is from India, China or Vietnam.

Prerequisites

University Qualification

First academic degree: Bachelor, Master, Diploma, etc. (University, University of Applied Sciences, Cooperative State University) in a relevant subject, such as Engineering, Natural Sciences, Information Science or Economics. In exceptional cases other degrees may be accepted.

Professional Experience

at least 2 years professional experience in the specific field of the Master Program (depending on the first degree´s level); HECTOR Schools recommendation: > 3 years

References are needed as evidence

First university degree in:

  • Economics
  • Business informatics
  • Business mathematics
  • Industrial engineering
  • Physics
  • or a related subject

Basic knowledge in:

  • Higher mathematics or stochastic

Basic knowledge in one of the following fields:

  • Micro- and macroeconomics
  • Finance or internal and external accounting

In exceptional cases other degrees may be accepted (e.g. depending on professional experience)

English Qualification

English language proficiency is required, e.g. English as mother tongue or test certificate (e.g. TOEFL score of at least 570 PBT; 230 CBT; 90 iBT or IELTs at least 6,5 points) or appropriate proof of C1 level.

Documents checklist

What to prepare for your application to Financial Engineering (FE)

Programme-specific documents

Curriculum vitae (file format: .pdf)

Certificates (e.g. Bachelor certificate, transcript of records, diploma supplement) (file format: .pdf)

Passport photograph (file format: .jpg)

Job reference as proof of relevant professional experience (e.g. an official letter from a former employer stating your position and how long you have been working there; signed by CEO or HR manager)

Optionally, letter of motivation (file format: .pdf)

Letter of Recommendation containing an assessment of your previously acquired competencies and their application to potential future management tasks (e.g. from a former employer or professor, or other close contact)

English language proficiency test certificate

(if English is not your mother tongue nor has it been the language of instruction for the last five years), if already available (file format: .pdf)

Optionally, other documents proving your qualification

Declaration of financial support. Please download the file Financial Support.pdf and have a filled out and signed version ready for upload.

This programme applies directly to the university. Submit your documents through the correct channel before the deadline.

Open application portal (opens in a new tab)

Apostille and notarization

Requirements vary by nationality and issuing country. Many German universities require certified translations and, in some cases, document apostilles. Verify current requirements directly with the admissions office, or use our document services for guided preparation.

Need help preparing your documents?

Our document preparation bundle covers SOP, CV, LOR, and translation coordination, reviewed by our team.

View document bundle

How to apply

Step-by-step guide to applying for Financial Engineering (FE) at Hector School

Application procedure

Selection process

1. Review of your application by the admissions office

Upon receipt of your application, a confirmation will be sent. Your documents will then be reviewed by the admissions office and if approved, you will receive suggestions regarding the day and time of the interview.

2. I(nterview with a program director

One of the directors of the master program you applied for will interview you for 30 minutes at the HECTOR School or via the phone. After a positive evaluation, another 30-minute interview will take place at the HECTOR School or over the phone, in which the managing director of the HECTOR School will ask you for your motivation and possible further development.

3. Based on your application documents and the HECTOR School interviews, and in accordance with the admissions regulations, the admissions committee will decide on an internal ranking of the applicants. Immediately after the meeting of the admissions committee, you will receive a status report confirming your successful application.

Altogether, the process from receiving your application until the final decision of admission is completed within 6 weeks.

Application quick facts

Apply via

Direct to university

APS

Required for Application

APS checks your degree papers. You need it if your degree is from India, China or Vietnam.

Application fee

0 EUR

Complexity

Medium

Address

HECTOR School of Engineering & Management

Technology Business School of the KIT

Schlossplatz 19

76131 Karlsruhe | Germany

Open application portal (opens in a new tab)

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Costs

Tuition

Over 1,500 EUR

per semester

Semester contribution

180 EUR

per semester

Application fee

0 EUR

per application

Estimated year-1 total cost

15,264 – 24,264 EUR

Includes tuition, semester contribution, and estimated living costs. Range accounts for lifestyle differences.

This programme has restricted admission (NC). Admission is competitive and based on academic performance.

Additional fee information

The KIT will increase the tuition fees as of the winter term 2024/25 (i.e. 1st October 2024). The total amount of tuition fees will then be 36,000.00 € (thirty-six thousand Euro) for the entire Master´s program (excl. enrollment fees at each enrolled semester

Plan your total budget for Germany

Use the MS in Germany cost calculator to estimate living expenses, insurance, and your full year-one spend.

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Admission outcomes

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