
Master Program: Financial Engineering
Learning purpose
The program provides a deep insight in the derivative and fixed income securities markets. Main areas of FE are: Valuation of forward contracts, forward and future prices, fundamental properties of option prices, binomial model, Black-Scholes model and extensions, greeks, delta hedging, risk management with derivatives, bond markets, fixed income derivatives, duration convexity, dynamics of the term structure of interest rates, factor models, spot rate models, forward rate models (HJM), market models (LIBOR Swap), tree procedures, simulation procedures, PDE-methods, Calibrating interest rate models, volatility smiles.
Target audience
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Young professionals (age 27 - 40) identified as high potentials in companies like rating agencies, privat or public banks and also young professionals working in corporate finance departments of consolidated companies.
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Exemplary positions of HECTOR students and Alumni: Manager, Retail and Logistics Property Finance; Board of Director‘s staff; Bank Product Conception and Development; Portfoliomanager/Public Finance; Head of Group Model Development; Financial Controller; etc.
Programme
Graduates of the Master Program Financial Engineering (FE) are capable to take over executive functions in financial management. They are qualified to consider challenges of finance out of an engineer’s view and to develop and optimize innovative solutions on the basis of fundamental economic laws by means of mathematics and statistics. Their distinct understanding of complex financial products, their analytical skills of projects and financial products together with their leading visions enable them to deal with the challenges of a more and more global acting finance sector. Participants can apply and enhance acknowledged financing theories, engineering methods and management tools as well as mathematical and computer aided techniques and simultaneously identify the limitations of economic and financial-mathematical models. Therefore, they are well prepared for their careers, e.g. in credit institutes, investment companies, insurances, consulting firms and finance departments of big national and international industrial companies.
Entry Requirements
- First degree: Bachelor, Diplom (Uni/FH/BA), M.Sc., ...
- Min. 3 years of relevant work experience with according references
- TOEFL score with a minimum of 570 points pb, 250 points cb and 88 points
- Optional: GMAT, GRE or HECTOR School Assessment
- Recommended background studies: Business or politial economics, Information Engineering/Technologies, Natural Sciences (Mathematics, Physics, etc.)
Professional perspective and employment market
Investment Banking | Risk Management | Corporate Financial Strategy | Financial Information Systems | Regulations | Portfolio Management |Trading
„HECTOR School is the school of life. You rise coping with the challenges and each module is the next step of your progress.“
"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."

