The world of modern finance is increasingly dominated by new technologies, mathematical models and sophisticated statistical techniques. Financial Engineering is an area of modern finance involved in the application of quantitative methods to the analysis of risks associated with financial investments and in forecasting events in the financial markets. Financial engineering deals with, among other things:
• construction of complex investment strategies,
• forecasting the prices of financial instruments,
• the development and pricing of financial instruments,
• risk management of financial investments,
• analysis and modeling of financial markets.
Areas of study
The program is based on four main areas;
Risk management, selected courses: Financial risk management, Actuarial methods, Financial markets and instruments.
Corporate finance, selected courses: Corporate finance, Advanced corporate finance, Long-term incentive schemes, Advanced financial analysis of enterprises.
Pricing of financial instruments, selected courses: Derivatives pricing, Interest rates modelling,
Stochastic finance in continuous time
Investments, selected courses: Portfolio theory, Exotic options, Alternative investments, Hedge funds
Master program in Financial Engineering prepares highly qualified specialists in this area: financial engineers prepared to work deal with investments’ analysis and risk management in banks and investment funds. Graduates of this course have a rare expertise on economic and financial modeling.
Potential employers:
• Banks
• Central banks
• Financial supervisory authorities
• Investment funds
• Companies engaged in financial consulting
• Companies with divisions of financial analysis. International cooperation
The program Financial Engineering is led with the cooperation of Lisbon School of Economics and Management at the University of Lisbon and University of Lorraine in Nancy (France). The international agreement involving three Master programmes in Financial Engineering allows students to study a part of their degree at these universities and obtain double degrees (from Poznan University of Economics and Business and one of the partner universities).
• construction of complex investment strategies,
• forecasting the prices of financial instruments,
• the development and pricing of financial instruments,
• risk management of financial investments,
• analysis and modeling of financial markets.
Areas of study
The program is based on four main areas;
Risk management, selected courses: Financial risk management, Actuarial methods, Financial markets and instruments.
Corporate finance, selected courses: Corporate finance, Advanced corporate finance, Long-term incentive schemes, Advanced financial analysis of enterprises.
Pricing of financial instruments, selected courses: Derivatives pricing, Interest rates modelling,
Stochastic finance in continuous time
Investments, selected courses: Portfolio theory, Exotic options, Alternative investments, Hedge funds
Master program in Financial Engineering prepares highly qualified specialists in this area: financial engineers prepared to work deal with investments’ analysis and risk management in banks and investment funds. Graduates of this course have a rare expertise on economic and financial modeling.
Potential employers:
• Banks
• Central banks
• Financial supervisory authorities
• Investment funds
• Companies engaged in financial consulting
• Companies with divisions of financial analysis. International cooperation
The program Financial Engineering is led with the cooperation of Lisbon School of Economics and Management at the University of Lisbon and University of Lorraine in Nancy (France). The international agreement involving three Master programmes in Financial Engineering allows students to study a part of their degree at these universities and obtain double degrees (from Poznan University of Economics and Business and one of the partner universities).
Education requirements:
Step 1
All candidates need to fill in an online application form on the PUEB website.
Step 2
After registration the CSE staff will send you an email with the description of the documents you need to submit. The email will be sent within 2 days after registration.
The required documents for Master programs:
• first degree termination diploma legalized or adjusted apostille;
• verified extract from student's registration book, including list of examination and credits or supplement for diploma;
• Certificate of English language skills – see list of language certificates below;
• Entrance Medical Record (a doctor’s certificate of no contraindications to study, in English or Polish);
• Proof of medical support (a copy of health insurance policy or European Health Insurance Card EHIC or declaration of entering the National Health Fund immediately after commencing education in Poland);
• copy of passport (page with photograph and passport number);
• confirmation of admission and tuition fee payment.
All students need to send scanned copies of the above mentioned documents together with a motivation letter which should include the following:
• clear goal and vision for the future
• why they think Poland, Poznan and PUEB are interesting and suitable for them
• why they think the program they have chosen is interesting
• their strongest qualifications.
The letter should not exceed 600 words.
Step 3
The documents are verified by the CSE staff. Depending on the amount of applications this can last up to 5 working days.
Step 4
If the candidate’s documents are accepted and the candidate meets all the formal requirements we will organize a Skype interview to talk about their interests, ideas for the future, their work experience and involvement in various additional activities. The interview is a chance for both the PUEB and the candidate to know each other better and to talk about their expectations and motivations.
Step 5
The candidate will be given the account number to which they should transfer the first semester fee. When we confirm the transfer we will issue the admission letter which will be used to apply for a visa.Other requirements:
Candidates should have basic knowledge of economics, mathematics and finance, in particular, basic knowledge of economic theory (basics of microeconomics and macroeconomics). The candidate should know the basics of accounting and financial mathematics (time value of money, the rules for calculating interest and discounting). In mathematics the candidate is expected to have knowledge related to the basics of linear algebra and calculus. Requirements:
• Knowledge of English
• Basics of calculus
• Basics of linear algebra
• Basics of financial mathematics (time-value of money)
Additional subjects
• Microeconomics
• Macroeconomics
• Basics of probability theory
Step 1
All candidates need to fill in an online application form on the PUEB website.
Step 2
After registration the CSE staff will send you an email with the description of the documents you need to submit. The email will be sent within 2 days after registration.
The required documents for Master programs:
• first degree termination diploma legalized or adjusted apostille;
• verified extract from student's registration book, including list of examination and credits or supplement for diploma;
• Certificate of English language skills – see list of language certificates below;
• Entrance Medical Record (a doctor’s certificate of no contraindications to study, in English or Polish);
• Proof of medical support (a copy of health insurance policy or European Health Insurance Card EHIC or declaration of entering the National Health Fund immediately after commencing education in Poland);
• copy of passport (page with photograph and passport number);
• confirmation of admission and tuition fee payment.
All students need to send scanned copies of the above mentioned documents together with a motivation letter which should include the following:
• clear goal and vision for the future
• why they think Poland, Poznan and PUEB are interesting and suitable for them
• why they think the program they have chosen is interesting
• their strongest qualifications.
The letter should not exceed 600 words.
Step 3
The documents are verified by the CSE staff. Depending on the amount of applications this can last up to 5 working days.
Step 4
If the candidate’s documents are accepted and the candidate meets all the formal requirements we will organize a Skype interview to talk about their interests, ideas for the future, their work experience and involvement in various additional activities. The interview is a chance for both the PUEB and the candidate to know each other better and to talk about their expectations and motivations.
Step 5
The candidate will be given the account number to which they should transfer the first semester fee. When we confirm the transfer we will issue the admission letter which will be used to apply for a visa.Other requirements:
Candidates should have basic knowledge of economics, mathematics and finance, in particular, basic knowledge of economic theory (basics of microeconomics and macroeconomics). The candidate should know the basics of accounting and financial mathematics (time value of money, the rules for calculating interest and discounting). In mathematics the candidate is expected to have knowledge related to the basics of linear algebra and calculus. Requirements:
• Knowledge of English
• Basics of calculus
• Basics of linear algebra
• Basics of financial mathematics (time-value of money)
Additional subjects
• Microeconomics
• Macroeconomics
• Basics of probability theory
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