Technische Universität Kaiserslautern
Distance and Independent Studies Center
Master Programme in Financial Engineering
In-depth knowledge of methodology, modern financial mathematics and actuarial theory and their statistical and numerical use in practice are increasingly important in the finance and insurance industry. Regulators now also set strict risk assessment requirements for business portfolios, and these require an understanding of the latest statistical methods and actuarial models. A combination of methods is key in practice, but this demands comprehensive mathematics qualifications in all areas.
The programme is tailored to the demands of everyday working practice: interdisciplinary, and designed to teach the advanced financial mathematics and financial economics theory and skills required for an in-depth understanding of the increasingly complex financial market. It also explores links to actuarial science and teaches relevant statistical and numerical methods.
The programme is aimed at graduates of mathematics programmes who are already working, are seeking a career in applied financial mathematics or research, and whose first degree did not provide sufficient expertise in this area.
The programme is also and in particular aimed at graduates of other Master‘s programmes whose Master‘s or initial Bachelor‘s degree had a significant mathematics component, who are already working in a relevant industry and who want a more in-depth understanding of financial mathematics and to learn about the background, concepts and methods.
The standard length of the Financial Engineering distance-learning programme, including assessment periods, is six semesters. The programme is worth 90 credit points and begins in October each year.
The distance learning program is made up of 9 topics, which include
- Financial mathematics
- Interest rate models
- Financial decision making
- Economics of banking
- Insurance mathematics
- Risk measures and rating systems
- Financial statistics
- Computational methods in finance
Other Programmes offered by Technische Universität Kaiserslautern
Distance and Independent Studies Center (DISC)
Technische Universität Kaiserslautern
The Distance and Independent Studies Center is one of the Technische Universität Kaiserslautern‘s key scientific institutions. Its tasks comprise the initiation and development of further qualifications for university graduates who have already obtained an initial professional qualification. The range of measures that are offered in collaboration with the University’s departments and subject areas comprise program, program sequences, and study programs of varying lengths. One of the Center’s key focal points is the provision of distance learning programs, which can be taken on a part-time basis while pursuing a career.
More than 4,100 students are currently enrolled in the distance learning programs of Adult Education, Human Resource Management, School Management, Social Sciences: Organization and Communication, Systemic Management, Organizational Development, Systemic Consulting, Management of Health and Social Institutions, Management of Cultural and Non-Profit Organizations, Economy and Management, Commercial Law for Business Practice, Tax Law for Business Operations, Sustainable Development Cooperation, Software Engineering for Embedded Systems, Medical Physics, Medical Physics and Technology, Structural Fire Protection/ Safety Engineering, Child Psychology: Learning and Learning Disabilities, Nanotechnology and Nanobiotechnology.
The University of Kaiserslautern
History
The University of Kaiserslautern was founded on July 13, 1970. At the beginning, it was part of the twin University Trier / Kaiserslautern. In the winter semester 1970/1971, student and scientific activities started with the matriculation of 191 new students in the faculties of Mathematics, Physics, and Technology. In 1972, the set-up of the faculties Chemistry and Biology gave a boost to the extension of a scientifically specialized structure. At the same time, the faculty of Technology was split into the faculties Mechanical Engineering and Electrical Engineering, Architecture / Regional and Environmental Planning / Educational Sciences. The University of Kaiserslautern became independent after the separation from its partner university in Trier in 1975.
The following faculties, which were established successively, continuously strengthened the university‘s scientific character: Electrical Engineering (1975), later Electrical and Computer Engineering (1999), Computer Science (1975), Engineering (1975), later Mechanical and Process Engineering (1995), Architecture / Regional and Environmental Planning / Civil Engineering (1978-1979) and Social and Economic Studies (1985), which was separated in 2003 in two independent departments.
The official name of the university is “Technische Universität Kaiserslautern” according to the new law on Higher Education of the Land Rhineland-Palatinate, which came into force on September 1, 2003.
Studies and Prospects
Future-oriented programs, education with practical orientation, and a modern infrastructure: these are the conditions for students at the TUK. Since its establishment in 1970, the only technology- and natural science-oriented university in Rhineland-Palatinate has gained a considerable reputation and can easily stand comparison with well-established universities of technology. Incontestable proof is provided by the latest German university rankings, which were carried out by the magazines Stern, Spiegel and CHE “Centrum für Hochschulentwicklung” (Center for University Development) and the “Humboldt-Stiftung” (Humboldt foundation). The TUK achieved top positions in different categories.
Prospective engineers and natural scientists will be well prepared for their career if they study at the TUK. Internships in companies as well as living/studying abroad provide an academic education that is closely related to professional practice. Furthermore, students profit from the numerous well-known research institutes on and near the campus. In terms of applied research projects, the institutes closely cooperate with the university.
There are, for example, the “Deutsches Forschungszentrum für künstliche Intelligenz” (German Research Center for Artificial Intelligence), the “Institut für Verbundwerkstoffe” (Institute for Composite Materials), the “Fraunhofer-Institut für Experimentelles Software Engineering” (Fraunhofer Institute for Experimental Software Engineering), and the “Fraunhofer-Institut für Techno- und Wirtschaftsmathematik” (Fraunhofer Institute for Technical and Industrial Mathematics).
Currently, there are approximately 14,500 students enrolled at the university. Due to this manageable size, excellent support is guaranteed and a close relationship between professor and student can be built up. In addition, the university offers very modern equipment and a brilliant infrastructure, including libraries, laboratories, its own computer center, and much more. Accommodation for students is satisfactory, too: near the campus, there are more than 2000 resident hall facilities, where students can use the Internet free of charge.
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