Area Finance, Banking & Insurance

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

CategoryCredit points (ECTS)
Compulsory modules
Elective modules (without seminars)40
Elective modules (seminars)10
Total:50

Structure Minor

CategoryCredit points (ECTS)
Elective modules20
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
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 Winter1 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 2025/2026

 

Elective modules (seminars) Major / Elective modules Minor

Examination form: Seminar Paper

Module / CourseLanguageSemesterCP (ECTS)Institute
Seminar Banking and FinanceEnglishWinter and summer5Banking and Finance
Seminar BankingGermanSummer15Banking and Finance
Seminar Corporate FinanceGermanSummer5Banking and Finance
Master Seminar Finance: Asset Pricing & Asset ManagementEnglishSummer5Finance and Commodity Markets
Master Seminar: Climate Risk in Finance & InsuranceEnglishSummer5Finance and Commodity Markets, Risk and Insurance
Master Seminar Finance: Derivatives & Risk ManagementEnglishWinter5Finance and Commodity Markets
Seminar Empirical Monetary MacroeconomicsEnglishWinter1 and summer15Money and International Finance
Seminar Monetary Economics Using MicrodataEnglishWinter and summer15Money and International Finance
Seminar Challenges in Insurance Risk ManagementEnglishSummer15Risk and Insurance
Seminar Insurance Customer BehaviorEnglishWinter5Risk and Insurance

1 Not in summer 2026

2 Not in winter 2025/2026

 

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.