In addition to the compulsory courses of the Master's in Industrial Engineering & Management, you will follow additional courses within the specialisation in Financial Engineering & Management (FEM). In two years of study you will collect 120 EC.

European Credit Transfer System

Student workload at Dutch universities is expressed in EC, also named ECTS (European Credit Transfer and Accumulation System), which is widely used throughout the European Union. In the Netherlands, each credit represents 28 hours of work.

Contents of year 1

First year

Compulsory courses for the Master's
for all Master's students in Industrial Engineering & Management

10 EC

IEM Research Orientation

Data Science

Specialisation courses
compulsory for the specialisation in FEM

15 EC

Statistics & Probability

Micro-economics

Mathematical Finance

Orientation courses
compulsory for the research orientation within FEM

15 EC

Introduction to Risk Theory

Risk Management

Structured Products

Elective courses

20 EC

In consultation with the specialisation coordinator, you will compose a study plan that best matches your wishes and future plans. Examples of electives are: Management control for Financial institutions, Applied Financial Engineering, Special Topics in Financial Engineering, Cost Management and Engineering

and/or all available courses by other engineering programmes

Total EC first year

60 EC


Do you need in-depth information about these courses?
Contact our Programme Coordinator Mieke van der Meulen, m.g.vandermeulen@utwente.nl

Contents of year 2

Second year

Elective courses

25 EC

You will finish the total of 45EC electives. These electives can be followed at UT, at other universities in the Netherlands or even abroad. You can also choose to add a second specialisation, consisting of a prefixed package of courses worth 30 EC. 

Master's thesis 

35 EC

Your master’s thesis is worth 30 EC. You will prepare your thesis by writing a research proposal during the Thesis Preparation, which is a 5 EC course. 

Total EC of year 2

60 EC


Master's thesis

You will finish your Master’s by writing your master’s thesis. This involves applying what you have learned to a real-life situation, for example by undertaking a project, conducting research and writing a report for an external organisation or company. 

During your master’s thesis, you could focus on subjects such as:
  • Cost and risk-reduction benefit of hedging inflation risk for a pension fund.
  • Predicting of project spending for an NGO.
  • Estimation of Asset Correlation for Residential Mortgages.
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