FAQ

1. UNIQUE SELLING POINTS: Why become a Certified Financial Engineer?

  1. Top Quality: Accredited and certified program
  2. Reputation: World-renowned program
  3. Global: Program in English and German in numerous financial centers worldwide 
  4. Leading textbook: as a basis for courses in the field of options and futures
  5. Top learning and exam preparation support:
    through test questions, case studies and personal feedback on learning progress
  6. E-Learning: Access to course materials anytime anywhere
  7. 2 paths one title: "Professional Excellence" and "Academic Excellence”
  8. Specialization: Electives enable specialized knowledge of chosen subjects
  9. Modern forms of examination on the way to "Professional Excellence":
    Case Study Method with laptop and open book processing. No written exam with calculator.
  10. International crediting of examination results: Acquisition of ECTS in the "Academic Excellence" path

The following types of occupations from these specialized fields mainly complete the Certified Financial Engineer:

  • Trading
  • Risk Management
  • Structuring
  • Sales
  • Back office
  • Asset management
  • Strategic area of companies
  • Corporate finance and controlling department
  • Management consultancy
  • Transaction services
  • Private equity
  • Treasury
  • Controlling
  • Auditing
  • Lawyers with relation to finance topics
  • PhD students
  • Highly applied due to focus on the most important questions in applied finance.
  • Academic quality due to outstanding teaching materials.
  • The models are applied by the finance professors in applied work and thus are continuously verified and developed further.
  • Individual pace of study via e-learning.
  • Proof of success through examination at Deutsche Börse AG or at the European Institute for Financial Engineering and Derivatives
  • Attractive title “Certified Financial Modeler” with large external impact.
  • More cost effective and efficient than multi-day seminars on the topic of “Financial Modeling”.
  • Increased competencies for both company and client.
  • No annual membership fees. Instead permanent access to the “Center for Financial Modeling” (CfFM).
  • European Institute for Financial Engineering and Derivatives
  • Nürtingen University
  • Deutsche Börse
  • Macmillan
  • Schäffer-Poeschel

2. CONTENTS: What will a Certified Financial Engineer study?

For both the "Professional Excellence" and "Academic Excellence" path, you can choose one of the following three modules:

Module 1: Financial Engineering with Options and Futures
Module 2: Financial Engineering in Risk Management
Module 3: Financial Engineering in Corporate Finance

  • Financial engineering with options and futures
    • Pricing of futures
    • Binomial model, Black Scholes and Black Scholes Merton model
    • Greeks
    • Basic strategies
    • Bullish, bearish and neutral option strategies
    • Situational application of various strategies
  • Financial engineering in risk management
    • Skewness and kurtosis
    • Moving volatility
    • EWMA, ARCH, GARCH models
    • Value at Risk and Conditional Value at Risk
    • Extreme value theory
    • Historical simulation and Monte Carlo simulation
  • Financial Engineering in Corporate Finance
    • Company valuation on perfect and imperfect capital markets
    • Beta and debt beta
    • Data Analytics and Quantitative Finance
  •  

The course materials were developed by academic authors who have both applied and research experience in their areas of expertise. The contents is constantly assessed by practitioners at leading international corporations in the financial industry concerning topicality and relevance. Therefore you will I obtain top notch knowledge in financial engineering.

The following electives are available for participants of the "Academic Excellence" and "Professional Excellence" path:

1st path: Financial Engineering with Derivatives

  • Pricing of futures
  • Binomial model, Black Scholes and Black Scholes Merton model
  • Greeks
  • Basic strategies
  • Bullish, bearish and neutral option strategies
  • Situational application of various strategies

2nd path: Financial Engineering in Risk Management

  • Skewness and kurtosis
  • Moving volatility
  • EWMA, ARCH, GARCH models
  • Value at Risk and Conditional Value at Risk
  • Extreme value theory
  • Historical simulation and Monte Carlo simulation

3rd path: Financial Engineering in Corporate Finance

  • Company valuation on perfect and imperfect capital markets
  • Beta and debt beta
  • Data Analytics and Quantitative Finance

3. PROCESS: What are the main milestones on the way to the Certified Financial Modeler?

Path 1: If you choose the path "Professional Excellence", the following applies:

1) Course fees for practitioners

You can apply for a scholarship at the EIFD. If you receive a scholarship, the course fees to become a "Certified Financial Engineer" with a scholarship amount to 1.995,00 EUR plus the applicable VAT, currently 19%, thus a total of 2.374,05 EUR. The course fees for the "Certified Financial Engineer" without scholarship amount to 3.995 EUR plus VAT, currently 19%, thus a total of 4.754,05 EUR. This complete package includes the course fees, the examination fees and the course materials.

2) Course fees for students

Students (please enclose a copy of your valid student ID) will receive a discount. The course fees for students amount to 1.256,30 EUR plus the applicable statutory value added tax, currently 19%. Thus a total of 1.495,00 EUR. This complete package includes the course fees, the examination fees and the course materials.

3) Repeat examination

Each module consists of three sub-modules. Each sub-module can be repeated twice. There are no additional costs for a repeat examination.

Path 2: If you choose the "Academic Excellence" path

1) Course fees

The course fees to become a "Certified Financial Engineer" amount to 3,995 EUR plus the applicable statutory value added tax, currently 19%, thus a total of 4,754.05 EUR. These total packages includes the course fees for Modules 1 and 2, the examination fees for Modules 1 and 2, the course materials and the issue of a university certificate and Certificate Supplement for the acquisition of ECTS.

2) Course fees for students

Students (please enclose a copy of your valid student ID) will receive a discount. The course fees for students amount to 1.508,40 EUR plus the applicable statutory value added tax, currently 19%. Thus a total of 1.795,00EUR. These total packages includes the course fees for Modules 1 and 2, the examination fees for Modules 1 and 2, the course materials and the issue of a university certificate and Certificate Supplement for the acquisition of ECTS.

3) Repeat examination

EIFD charges an examination fee of 295 EUR plus the applicable statutory value-added tax, currently 19%, for a repeat examination due to failure to pass the examination. The total fee is 351.05 EUR.

4) Issue of a university certificate

The university certificate and the Certificate Supplement are linked to the acquisition of ECTS. The issue of a university certificate (certificate and certificate supplement) of the HfWU is included in the fee for the complete package.

The course participant receives the following services from the European Institute of Financial Engineering and Derivatives (EIFD), regardless of whether the course is "Academic Excellence" or "Professional Excellence":

  • Personal Supervision by senior professors
  • Feedback on learning success
  • Access to the Campus of Financial Engineering
  • The case studies "Financial Engineering with Options and Futures and in Risk Management".
  • Excel for the case studies
  • The chapter "Options and Futures" in the book "Financial Modeling" as ebook
  • The Excel models for the chapter "Options and Futures" in the book "Financial Modeling
  • The Certified Financial Engineer Toolbox for Options and Futures
  • Further additional materials on the topic of "Financial Modeling
  • Certificate: Certified Financial Modeler
  • Award: Representative certificate

Depending on whether the course is "Academic Excellence" or "Professional Excellence", the course participant receives additional the following:

  • Possibility of applying for a EIFD scholarship for non-students (if "Professional Excellence" is chosen).
  • Participation in the initial examination (Academic Excellence)
  • University certificate, certificate supplement and possibility of submission to the respective authorities for recognition of ECTS in Bachelor's and Master's programmes (if "Academic Excellence" is chosen)

The reduced fees are in effect for students who are enrolled at the time of registration. The student is required to provide proof of enrolment when registering. Should the enrollment of a student terminate during the course of studies, it is still possible to utilize the reduced fees.

Non-students who have opted for "Professional Excellence" can apply for a EIFD scholarship. The EIFD scholarship is a high distinction and is awarded to individuals who demonstrate a high level of motivation for the subject of financial engineering. EIFD scholarship holders receive a EIFD scholarship certificate. The course management decides on the award of the EIFD scholarship.

The application for a EIFD scholarship must be made in writing and sent by email to the following address: program‎‎@eifd‎‎.‎‎de

We would like to ask you to submit the following documents for the EIFD scholarship:

  • Detailed curriculum vitae
  • Detailed letter of motivation
  • Possible social and honorary engagement

EIFD scholarship holders receive a EIFD scholarship certificate and a reduction in fees from €3,995 plus VAT to €1.508,40 plus VAT. This scholarship is linked to the fact that you do not acquire ECTS. This means that you will receive the "Certified Financial Engineer" certificate in English, but no university certificate and certificate supplement. After graduation, you can hold the title "Certified Financial Engineer". The EIFD scholarship means that you give us a testimonial with a picture of the course, which we can publish on our website.

Case 1: You have chosen the "Professional Excellence" path

Experience shows that, depending on their previous knowledge, the participants need 4 months to complete the case study.

Case 2: You have chosen the "Academic Excellence" path

For a participant with a completed Bachelor's degree in business, economics or a comparable course of study, one semester is estimated for each module according to the curriculum (15 SWS * 8 ECTS). Depending on your previous knowledge, this corresponds to approx. 5 months of study in addition to your normal work (8 ECTS points x 25 hours = 200 hours).

The course and the course materials have been designed and coordinated to enable you to learn independently of time and place. The course documents are prepared in a user-friendly way with different learning concepts and show you the learning success already during your studies. If you have chosen the option "written examination" instead of the oral examination as part of the "Academic Excellence", only in this case an attendance examination will be held at one of Deutsche Börse's locations. However, you can also - if you wish - complete the course in such a way that no personal attendance is required at any specific location.

You can always contact the course leaders via e-mail at program‎@eifd‎.‎de. All questions will be answered right away.

The Certified Financial Engineer is an academic training with strong practical relevance. Once the exam has been completed successfully, the achievement has been demonstrated and the title Certified Financial Engineer is awarded. Additional, for example annual certificates of achievement in the form of seminars are not required.