Factsheet
| Degree | Master of Science (M.Sc.) |
| Focus Groups | Young quant professionals with a mathematically-oriented academic degree (Bachelor or higher) and at least one year of work experience. |
| Goals | - Our graduates will have the persistence, integrity and maturity to develop advanced tools that can be used responsibly and are fully appropriate to the problem in hand. - Our graduates will evaluate and manage complex financial instruments in national and global contexts. - Our graduates will implement their models in reliable and useable software solutions. - Our graduates will effectively communicate difficult quantitative solutions to non-specialist users. |
| Requirements | Experience of advanced mathematical study at university level is required for this programme. Examples would be a first degree in mathematics or physics, a technical background in IT, or a quantitatively oriented degree in economcis. You should: - have a mathematically-oriented university degree which is recognised by the Frankfurt School of Finance & Management; - have at least one year of professional experience, as well as - have passed the TOEFL with a score of at least 90 iBT points (or equivalent). Extensive work in an English-language environment may serve as an equivalent language qualification. |
| Duration | 4 semester |
| Credits | 70 |
| Language | English |
| Focus |
Each course belongs to one of three streams: APS, Asset Pricing and Stochastic Processes; IMO, Investment Management & Optimisation and C, Context. Semester 1 Take three core courses plus one optional pre-session course.
- C1: Quotation and Pricing (pre-session)
- APS1: Arbitrage Pricing & Stochastic Calculus (Sem 1 core) - IMO1: Optimisation & Portfolio Management (Sem 1 core)
- C2: Financial Econometrics (Sem 1 core)
Semester 2Take three core courses.
- APS2: Advanced Derivatives Pricing (Sem 2 core)
- IMO2: Dynamic Investment Management (Sem 2 core) - C3: Numerical Methods (Sem 2 core) Semester 3 Take one core course plus two electives.
- APS3: Interest Rate & Credit Risk Modelling (Sem 3 core)
Semesters 3/4- APS4: FX Options & Structured Products (Sem 3 elective) - IMO3: Advanced Investment Management (Sem 3 elective) - C4: Software Engineering (Sem 3 elective) - C5: Risk Management (Sem 3 elective) Thesis (core, Semesters 3 and 4). |
| Skills | Students develop their ability to design and implement appropriate solutions to specific pricing and investment problems. They develop maturity in dealing with the computational and numerical issues associated with such problems and know how to integrate their solutions into an existing business context. |
| Knowledge | Students become acquainted with the current theories and concepts of quantitative finance, both in the area of asset pricing and in the area of investment management. They understand how general tools and theories are modified to deal with specific applications and can evaluate the effectiveness of such modifications. |
| Responsibilities | Students are qualified to engage with real-world problems related to asset pricing, financial engineering and investment management and they do so in a professional manner that reflects an awareness of corporate responsibility and team orientation. They are able to communicate complex technical ideas effectively to a wide range of audiences, including clients and other parts of the organisation. |
| Tuition Fee |
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