master programme quantitative asset and risk management" >

Quantitative Asset and Risk Management

Quantitative Asset and Risk Management is a career parallel, English-language degree programme. It qualifies students for a successful career in banking and finance for both the domestic and international labour market.

The main fields of study are asset management, risk management and asset liability management for banks, insurance companies, other financial service providers and regulatory institutions.

The programme is aimed at students with high affinity to (financial) mathematics and statistics. It offers extensive know-how in the area of asset and risk management and is very convincing with its practical applications.

Students have multiple opportunities to gain international experience at one of our partner universities and also gain a double degree. Depending on personal preferences and compatibility with career and private life.

Online info sessions

Would you like to learn more about the Quantitative Asset and Risk Management degree programme and have your individual questions answered? Then register now for our online info sessions! The degree programme team will inform you about application and admission, study contents and career opportunities.

Dates:

Currently, there are no online info sessions scheduled.

International student virtual Q&A sessions

Your opportunity to ask questions around visa, housing, and living in Vienna.
No registration necessary - just click on the links below and join directly. We look forward to seeing you!

Currently, there are no online info sessions scheduled.

Qualifications

Graduates are able to

describe and analyse the connections between asset and risk management in finance
quantify and assess risk types in risk management, and infer measures for integrated steering of banks and insurance companies
analyse various asset classes and their products
carry out portfolio selections, and calculate key performance and risk measures
apply financial mathematics and statistics to developing financial models
solve problems together with experts from other disciplines by applying risk management and asset management strategies and methods under consideration of ethical and social responsibilities
cooperate, as competent experts, in a globalised work environment or in international teams

Career opportunities

Asset management
Risk management
Liability management
Private banking and family office
Compliance and regulatory reporting
Consulting

You can find more information in the current brochure of the degree programme

Einen Blick hineinwerfen:

Brochure Quantitative Asset and Risk Management

Downloads

Brochure Quantitative Asset and Risk Management Download icon
(pdf 2,495 MB)
Curriculum MA ARIMA Quantitative Asset and Risk Management Download icon
(pdf 45,853 KB)
Guide Master Application and Admission Download icon
(pdf 1,814 MB)
Preparation material MA Quantitative Asset and Risk Management Download icon
(pdf 1,442 MB)
Education Contract Master Download icon
(pdf 141,746 KB)
General terms and conditions of the University of Applied Sciences BFI Vienna for payment of a security deposit Download icon
(pdf 286,762 KB)

Get to know our degree programme

Programme details

International aspects

Career opportunities

ECTS and course information

Ergebnisse werden geladen

Incoming

Nein Ja Alle

Studiengangsform

Studiengang

Studienplan

Semester

ECTS Credits

Einträge pro Seite anzeigen: 10 / 20 / 50 / 100

Lehrveranstaltung

ECTS Credits

Sprache

Studienplan

Semester

Incoming

Lehrveranstaltung Structured Products

ECTS Credits 2.00 ECTS Credits

Sprache Englisch Sprache

Studienplan BB Studienplan

Semester 2 SS Semester

ja symbol

Incoming

After the successful completion of the course, students are able to categorize structured products across asset classes and describe their risk and return profile. They can break down structured products in plain vanilla products and can outline hedging possibilities derived from structured products. Furthermore, they can structure tailor made solutions for different market views. Additionally, students are able to use financial models to valuate structure products across different asset classes.

Mehr Infos
Lehrveranstaltung ALM and Insurance Management

ECTS Credits 3.00 ECTS Credits

Sprache Englisch Sprache

Studienplan BB Studienplan

Semester 3 WS Semester

ja symbol

Incoming

After the successful completion of the course, students are able to describe the general framework of the pan European Solvency II regime. They can categorize the requirements in the three pillars of the framework and differentiate between their aims. Not only will they be able to search the four levels of the Solvency II regime to answer relating questions, but they also can highlight the required governance structure and break down quantitative aspects of risk assessment. They are able to explain the idea behind the calculation of the Solvency Capital Requirement (SCR) and to differentiate between the factor and scenario-based approach for calculating risk modules. Furthermore, they are able to illustrate the reasoning of why the SCR is compared to the eligible own funds for calculating the solvency ratio, which is the regulatory key figure under Solvency II.

Mehr Infos
Lehrveranstaltung Bank Management

ECTS Credits 5.00 ECTS Credits

Sprache Englisch Sprache

Studienplan BB Studienplan

Semester 3 WS Semester

ja symbol

Incoming

The alumni are aware of the necessity, the objectives and the instruments of a risk-oriented integrated bank management. Particularly, they know about the advantages and disadvantages of the various risk adjusted performance measures (RAPM), know the different definitions of equity capital in the context of bank management and have a good understanding of the problems and mechanisms of economic capital allocation. They know how to set up a bank-wide limit system and have a good command of the methods and concepts of asset and liability management (ALM) in banks. Further, they are familiar with the concepts of risk-oriented pricing on a bank-wide basis and also for single risk types. The alumni know how to control risk of single instruments and portfolios by means of derivative instruments; they know the relevant regulations of the international financial reporting standards (IFRS) and can conduct performance and attribution analyses and set up reporting systems for the various asset. Alumni are able to work on case studies and are able to communicate their rationale and conclusions clearly and unambiguously to specialist and non-specialist audiences. Alumni are able to prepare a supervisory report including a management summary and conclusion to evaluate different options for action to facilitate executive level decision-making. They are able to work in international teams and to interact constructively with others regardless of background and culture.

Mehr Infos
Lehrveranstaltung Integrating Aspects of Asset Management

ECTS Credits 6.00 ECTS Credits

Sprache Englisch Sprache

Studienplan BB Studienplan

Semester 3 WS Semester

ja symbol

Incoming

After the successful completion of the course, students are able to combine assets from various asset classes into an appropriate aggregated portfolio. They can identify and operate the different phases of the portfolio management process (analysis, forecasting, selection and performance and attribution analysis) for the aggregated portfolio. They can use financial data providers to collect market data and use it for analysis and forecasting in the portfolio management process. Furthermore, they can use industry specific software to conduct a performance evaluation for a portfolio and present the results to a specialist and non-specialist audience.

Mehr Infos
Lehrveranstaltung Legal Framework and Ethics

ECTS Credits 3.00 ECTS Credits

Sprache Englisch Sprache

Studienplan BB Studienplan

Semester 3 WS Semester

ja symbol

Incoming

After the successful completion of the course, students are able to outline the relevant regulatory and ethical principles within the scope of asset management and their implications. Moreover, students can discuss fiscal regulations and extrapolate implications for private and institutional investors.

Mehr Infos
Lehrveranstaltung Management of Life Risk

ECTS Credits 3.00 ECTS Credits

Sprache Englisch Sprache

Studienplan BB Studienplan

Semester 3 WS Semester

ja symbol

Incoming

After the successful completion of the course, students can outline the relevant aspects of the European regulatory framework for insurances (Solvency II) with a focus on life insurances. Furthermore, they are able to use methods of insurance mathematics to calculate single premiums, best estimates and solvency capital requirements for various life insurance products and comment on the results

Mehr Infos
Lehrveranstaltung Management of Non-Life Risk

ECTS Credits 3.00 ECTS Credits

Sprache Englisch Sprache

Studienplan BB Studienplan

Semester 3 WS Semester

ja symbol

Incoming

After the successful completion of the course, students are able to handle economic capital allocation using appropriate control measures in the field of non-life risk. They can characterize different types of non-life insurances. Furthermore, the students can describe the organisation and embedding of risk management in non-life-insurances and are able to calculate ruin probabilities. Additionally, they can describe the most important aspects of the regulatory framework for insurance companies and pension funds (Solvency II) as well as relevant new regulations concerning the accounting system (IFRS) for non-life risk.

Mehr Infos
Lehrveranstaltung Operational Risk for Banks

ECTS Credits 2.00 ECTS Credits

Sprache Englisch Sprache

Studienplan BB Studienplan

Semester 3 WS Semester

ja symbol

Incoming

The alumni are able to construct a loss-data base which is essential for the estimation of operational risk. They are able to develop quantitative and qualitative methods to analyze OpRisk and deduct appropriate measures. The almuni are able to control operational risk (e.g. fraud) accordingly. Additionally, they are familiar with the financial regulations like Basel III/IV and IFRS in the field of operational risk and are able to apply them to satisfy the need of regulators. Students are able to work on case studies and are able to communicate their rationale and conclusions clearly and unambiguously to specialist and non-specialist audiences.

Mehr Infos
Lehrveranstaltung Risk Controlling and Organisation Credit Risk

ECTS Credits 3.00 ECTS Credits

Sprache Englisch Sprache

Studienplan BB Studienplan

Semester 3 WS Semester

ja symbol

Incoming

The alumni can apply and interpret performance and risk measures for the credit portfolio of a bank to be able to control the credit portfolio by granting/not granting loans on the basis of rating systems, collaterals, risk-adequate pricing. Additionally they are able to explain and apply the financial regulations like Basel III/IV and IFRS in accordance with European and global standards. Based on this they are able to derive the necessary risk management measures. They are able to apply financial mathematics and statistics to develop rating models. As an add-on they are able to apply the industry-specific software "SAS" to develop a PD model. Students are able to work on case studies and are able to communicate their rationale and conclusions clearly and unambiguously to specialist and non-specialist audiences

Mehr Infos
Lehrveranstaltung Risk Controlling and Organisation Market Risk

ECTS Credits 2.00 ECTS Credits

Sprache Englisch Sprache

Studienplan BB Studienplan

Semester 3 WS Semester

ja symbol

Incoming

The alumni are familiar with the theory of organisation of risk management in the field of market risk and are able to put this in practice. The alumni are ablet to apply controlling- and performance-measures for the operative control of market risk and are able to derive decisions to control market risk. They know the relevant regulations of the international financial reporting standards (IFRS) and of Basel III/IV for market risk in accordance with European and global standards. Based on this they are able to derive the necessary risk management measures. The almuni are able to deviate the minimum requirements for VaR models and can develop VaR models to assess the market risk. Students are able to work on case studies and are able to communicate their rationale and conclusions clearly and unambiguously to specialist and non-specialist audiences.

Mehr Infos

Legende: VZ = Vollzeit, BB = Berufsbegleitend, SS = Sommeremester, WS = Wintersemester

1 2 3

We thank our sponsor

Our partners

PRMIA accreditation for Quantitative Asset and Risk Management / PRM industry certificate

Alumni of Quantitative Asset and Risk Management will be eligible for exemption from PRM exam I and II (out of four exams): https://www.prmia.org/

Exemption PRMIA exams prerequisites and procedure (PDF, 368.98 KB)

CFA Society Austria

The master programme Quantitative Asset and Risk Management has strong ties to the CFA Society Austria and is submitting every year the best master theses to the CFA Austria Prize.

www.cfasociety.org/austria

SAS Joint Certificate

Graduates of the master’s programme in Quantitative Asset and Risk Management (ARIMA) are now awarded the SAS Joint Certificate. ARIMA is the only programme in Austria, and one of only two universities in Germany, Switzerland and Austria (German-speaking countries), offering this qualification. The condition for this was the use of SAS software in the classrooms.

SAS® Joint Certificate Program

FENION

We have a new research partner: FENION.

Fenion specializes in the delivery of high-quality fund data in all common formats. Our long-standing customers include banks, insurance companies, asset managers, as well as trusts and companies in the public sector. In the context of an Innovationsscheck, sponsored by the FFG (Forschungsförderungsgesellschaft), the study program will conduct joint research with Fenion in the field of regulatory reporting for pension funds.

https://fenion.at/

The programme at a glance

Degree/Title:

Master of Arts in Business, MA

Length of programme

4 semesters

Mode of study

Career parallel programme: three times a week in the evening and Saturdays during the day

Place of study

Campus Wohlmutstrasse
Wohlmutstrasse 22
1020 Vienna

Language of instruction

English

Credits

120 ECTS

Tuition fee

€ 363.36 / semester (+ € 22.70 student union fee)

Semester abroad

Obligatory in the second academic year, in blocked form (e.g. two weeks) at one of our partner universities. The degree programme recommends completing a semester abroad in the 3rd semester or 4th semester.

Admission procedure

Written application
Online MC test
Structured interview

Preparation for admission procedure

For preparation materials please see the download section. No external courses are required.

Application period for EU/EEA-citizens

1 October until 31 May

Application period for non-EU/EEA-citizens

1 October until 30 April

Admission requirements

Secondary school leaving-certificate (High school Diploma) AND
Completion of a social studies/business/natural science/ law/ technical degree in Austria or equivalent degree abroad (The legalization list can be found here.)

with documented qualifications in

Economic sciences (at least 9 ECTS) and
Mathematics or statistics (at least 6 ECTS).

Bridging courses

Take advantage of the free bridging courses offered by the UAS BFI Vienna (May to July) to acquire missing ECTS and qualify for admission to a master programme.

Level of qualification according to the National Qualification Framework and the European Qualifications Framework

NQR 7

Field(s) of study (e.g. ISCED-F)

0412 finance, banking and insurance

Access to further studies

Graduates of UAS master programmes are entitled to enroll in relevant doctoral programmes (pursuant to § 6 para. 4 FHG, as amended) or university courses.

Veronika Hallwirth

Coordination of the study programme

+43 1 720 12 86-931

veronika.hallwirth@fh-vie.ac.at

"ARIMA (Quantitative Risk and Asset Management) is a very intensive master`s programme, which is just the thing for number-crunchers interested in finance, mathematics and statistics. The degree programme offers comprehensive quantitative know-how in asset and risk management, winning you over with practice-oriented applications. Since the studies are quite internationally-oriented, there are numerous possibilities for a successful career in finance and insurance."

Raphael Siegert, MA, graduate