Institute of Information Systems Research
Subject
The area Finance, Banking & Insurance provides in-depth knowledge in finance and insurance. The main focus is on bank management, financial markets, monetary policy as well as insurance risk management. Within these, exemplary topics are risk controlling in banks, asset pricing, valuation of derivatives, optimal monetary policy and exchange rates, asset management and optimal investment decisions, risk management and insurance. We especially focus on behavioral economic concepts to explain individual decisions, as well as on the role of financial markets for the economy as a whole. They are ideally prepared for a challenging position in the the financial sector. The area also considers interdisciplinary research questions. For example, we are involved in the Research Center Energy (LiFE 2050) of LUH or in the House of Insurance (HoI).
Structure Major
Category | Credit points (ECTS) |
---|---|
Compulsory modules | |
Elective modules (without seminars) | 40 |
Elective modules (seminars) | 10 |
Total: | 50 |
Structure Minor
Category | Credit points (ECTS) |
---|---|
Elective modules | 20 |
Total: | 20 |
Detailed structure
The modules have to be taken in semesters 1-3. Since all the elective module offers are prospective, changes are possible.
Elective modules (without seminars) Major / Elective modules Minor
Module / Course | Language | Semester | CP (ECTS) | Institute |
---|---|---|---|---|
Behavioral Finance | English | Winter | 5 | Banking and Finance |
Financial Intermediation | English | Summer | 5 | Banking and Finance |
Hedge Funds: Trading Strategies and Performance Evaluation | English | Winter | 5 | Banking and Finance |
Advanced Asset Pricing | English | Winter | 5 | Finance and Commodity Markets |
Advanced Derivatives | English | Summer | 5 | Finance and Commodity Markets |
Hannover Finance Symposium Master | German | Winter | 5 | Finance and Commodity Markets |
Lecture Series: Financial Markets and the Global Challenges | English | Summer | 5 | Finance and Commodity Markets |
Advanced Monetary Macroeconomics | English | Winter1 | 5 | Money and International Finance |
Financial Crises | English | Summer | 5 | Money and International Finance |
Financial Systems and Regulation / Asset Management | English | Winter | 5 | Money and International Finance |
Financial Econometrics | English | Winter | 5 | Econometrics and Data Science |
Time Series Analysis | English | Summer | 5 | Statistics |
Advanced Time Series Analysis | English | Winter | 5 | Statistics |
Behavioral Insurance | English | Summer | 5 | Risk and Insurance |
Experimental Methods I: Theory | English | Summer | 5 | Risk and Insurance |
Insurance Risk Management | English | Winter | 5 | Risk and Insurance |
Kolloquium Praxisworkshop Versicherungen | German | Summer | 5 | Risk and Insurance |
Strategische Planung und Krankenversicherung | German | Winter | 5 | Risk and Insurance |
Computational Finance | English | Winter | 5 | Information Systems Research |
1 Not in winter term 2024/2025
Elective modules (seminars) Major / Elective modules Minor
Examination form: Seminar Paper
Module / Course | Language | Semester | CP (ECTS) | Institute |
---|---|---|---|---|
Seminar Banking and Finance | English | Winter | 5 | Banking and Finance |
Seminar Banking | German | Summer | 5 | Banking and Finance |
Seminar Corporate Finance | German | Summer | 5 | Banking and Finance |
Master Seminar Finance: Asset Pricing & Asset Management | English | Summer | 5 | Finance and Commodity Markets |
Master Seminar: Climate Risk in Finance & Insurance | English | Summer | 5 | Finance and Commodity Markets, Risk and Insurance |
Master Seminar Finance: Derivatives & Risk Management | English | Winter | 5 | Finance and Commodity Markets |
Seminar Empirical Monetary Macroeconomics | English | Winter and summer1 | 5 | Money and International Finance |
Seminar Monetary Economics Using Microdata | English | Winter and summer | 5 | Money and International Finance |
Seminar Challenges in Insurance Risk Management | English | Summer1 | 5 | Risk and Insurance |
Seminar Insurance Customer Behavior | English | Winter | 5 | Risk and Insurance |
1 Not in summer 2024
Research and practical relevance
The area Finance, Banking & Insurance offers many connections to research and practice. The course curriculum is based on the most recent developments in academic research. The practical relevance is another a key aspect. The study program provides an ideal preparation for a challenging position in the financial and insurance industry. The close connection between research and practice through the Hannover Center of Finance and Insurance (HCFI) and the House of Insurance provides students with the opportunity to establish industry contacts. The area also offers courses and master theses in collaboration with our industry partners.
Intended audience (Recommended skills)
The course curriculum of the area Finance, Banking & Insurance is designed for students with a special interest in the finance and insurance industry. Quantitative methods (especially mathematics, statistics and programming) are frequently used. The empirical analysis of financial data is of high importance. In addition, a special focus is placed on behavioral science explanations and experimental investigations of these explanation.
Career prospects
The study program offers various career options. Naturally, it provides an excellent background for an interesting position in the financial and insurance industry. But there are also many career opportunities in other sectors as financial decisions are extremely important for every cooperation. Due to the high degree of analytic thinking, graduates of the area are of high interest for the consulting industry. Moreover, there are many interesting work opportunities at the financial supervision, at policy advising and of course in academic research.