Master in business engineering, professional focus in Financial Engineering

Pre-requisite

B1

4Cr
Code	Details	Bloc	Organization	Theory	Practical	Others	Credits
Notice : Students admitted to the "Sciences and Technologies" focus on the basis of an application file may be invited, depending on their prior academic background, to take the following complementary course(s):
GEST5001-1	Integration activities in science and technology - part 1 - [8d Projet] Pierre Deneye	B1	TA	-	-	[+]	2
GEST5002-1	Integration activities in science and technology - part 2 - [8d Projet] Pierre Deneye	B1	TA	-	-	[+]	2
Notice : Students admitted to the "Digital Business" focus on the basis of an application file may be invited, depending on their prior academic background, to take the following complementary course(s):
GEST5003-1	Integration activities in digital business - part 1 - [8d Projet] Michael Schyns	B1	TA	-	-	[+]	2
GEST5004-1	Integration activities in digital business - part 2 - [8d Projet] Michael Schyns	B1	TA	-	-	[+]	2

Core curriculum compulsory courses

B1

10Cr

B2

15Cr
Code	Details	Bloc	Organization	Theory	Practical	Others	Credits
INFO2048-1	Business Analytics (english language) Michael Schyns	B1	Q2	30	-	-	5
GEST7105-1	Scientific Methods in Management (english language) Frédéric Dufays	B1	TA	30	-	-	5
GPRO0002-1	Skills workshops David Homburg	B2	TA	-	-	-	5
GEST3752-1	Change Management (english language) Olivier Lisein	B2	Q1	30	10	-	5
GEST3754-1	Entrepreneurship and Innovation (english language) Frédéric Dufays, Frédéric Ooms	B2	Q1	30	-	-	5

Common core courses

B1: 35Cr
B2: 30Cr

Choose one of the following modules :

B1: 20Cr

Code

Details

Bloc

Organization

Theory

Practical

Others

Credits

Module 1 (aimed at internationally mobile students)

B1

20Cr
Code	Details	Bloc	Organization	Theory	Practical	Others	Credits
ERAS0017-1	Erasmus HEC (MIG) N...	B1		-	-	-	20

Module 2

B1: 20Cr

Code

Details

Bloc

Organization

Theory

Practical

Others

Credits

GEST7108-1

Leadership (english language)

Michaël Parmentier

GEST3029-1

International Strategy (english language)

Nathalie Crutzen, Anthony Santino

Choose two courses out of the following :

B1

10Cr
Code	Details	Bloc	Organization	Theory	Practical	Others	Credits
GEST6003-1	International Business Engineering Seminar (english language) Yasemin Arda, Mustafa Celebi Pinar	B1	Q1	30	-	-	5
MARK9302-1	(pas organisé en 2025-2026) International Marketing Seminar (english language)	B1	Q1	30	-	-	5
STAT0800-1	Models and Methods in Applied Statistics (english language) Cédric Heuchenne	B1	Q1	30	-	-	5
GEST3032-1	e-Commerce Methods and Techniques (english language) Ashwin Ittoo	B1	Q1	30	-	-	5
GEST3047-1	Environmental Management (english language) Michaël Tans	B1	Q1	30	-	-	5

Choose courses totalling 25 ECTS from the following :

B2

25Cr
Code	Details	Bloc	Organization	Theory	Practical	Others	Credits
GTFE8003-1	Project-Thesis Prerequisite GEST7105-1 Scientific Methods in Management	B2	TA	-	-	-	25
GTFE0014-1	Research-Thesis Prerequisite GEST7105-1 Scientific Methods in Management	B2	TA	-	-	-	16
GSTG0016-1	Internship	B2	Q2	-	-	-	9
GTFE9005-1	Intrapreneurial Thesis (english language) Prerequisite GEST7105-1 Scientific Methods in Management	B2	TA	-	-	-	16
GEST3759-1	Strategic, Organizational and Information System Audits (english language) - [200h Autres] Olivier Lisein Corequisite GEST3764-1 Innovation Project Definition and Development (partim II) GEST3766-1 Leadership in Project and Change Management GEST3767-1 Consultant Roles and Responsibilities	B2	TA	24	-	[+]	9
Notice : Courses GTFE9005-1 and GEST3759-1 are compulsory and only accessible to students enrolled in the focus in Intrapreneurship and Management of Innovation Projects.

Choose two courses out of the following :

B1: 5Cr
B2: 5Cr

Code

Details

Bloc

Organization

Theory

Practical

Others

Credits

[...]

One level 4 course or basic level 1

LANG1925-1	German 4 (german language) Marie Mawhin	B1	Q2	30	-	-	5
LANG1926-1	Advanced German 4 (german language) David Homburg	B1	Q2	30	-	-	5
LANG1933-1	Elementary German 1 Apolline Demarche	B1	TA	30	-	-	5
LANG6009-1	Elementary Chinese 1 Rachel Delcourt	B1	Q2	30	-	-	5
LANG1927-1	Spanish 4 (spanish language) Alba Ballesta Martínez, Véronique Peiffer, Raphaelle Stilo	B1	Q2	30	-	-	5
LANG1928-1	Advanced Spanish 4 (spanish language) Alba Ballesta Martínez, Véronique Peiffer, Raphaelle Stilo	B1	Q2	30	-	-	5
LANG1934-1	Elementary Spanish 1 Alexis Alvarez Barbosa	B1	TA	30	-	-	5
LANG1929-1	(Advanced) Italian 4 (italian language) Alex Bardascino	B1	Q2	30	-	-	5
LANG6010-1	Elementary Italian 1 Alex Bardascino	B1	Q2	30	-	-	5
LANG1932-1	Dutch 4 (dutch language) Nicole Engelen, Christina Piot	B1	Q2	30	-	-	5
LANG1936-1	Elementary Dutch 1 Fanny Nsita	B1	Q2	30	-	-	5
LANG1954-1	French beginner level 1 ISLV, Marielle Maréchal	B1	Q2	30	-	-	5

Notice : the course LANG1954-1 is only accessible to non-French-speaking international students.

[...]

One level 5 course or basic level 2

LANG1938-1	German 5 (german language) Marie Mawhin	B2	Q1	30	-	-	5
LANG1939-1	Advanced German 5 (german language) David Homburg	B2	Q1	30	-	-	5
LANG1945-1	Elementary German 2 Apolline Demarche Prerequisite LANG1933-1 Allemand élémentaire 1	B2	Q1	30	-	-	5
LANG7002-1	Elementary Chinese 2 Rachel Delcourt Prerequisite LANG6009-1 Chinois élémentaire 1	B2	Q1	30	-	-	5
LANG1940-1	Spanish 5 (spanish language) Alba Ballesta Martínez	B2	Q1	30	-	-	5
LANG1941-1	Advanced Spanish 5 (spanish language) Alba Ballesta Martínez	B2	Q1	30	-	-	5
LANG1946-1	Elementary Spanish 2 Véronique Peiffer Prerequisite LANG1934-1 Espagnol élémentaire 1	B2	Q1	30	-	-	5
LANG1942-1	(Advanced) Italian 5 (italian language) Alex Bardascino	B2	Q1	30	-	-	5
LANG7003-1	Elementary Italian 2 Alex Bardascino Prerequisite LANG6010-1 Italien élémentaire 1	B2	Q1	30	-	-	5
LANG1950-1	Dutch 5 (dutch language) Nicole Engelen, Christina Piot	B2	Q1	30	-	-	5
LANG1948-1	Elementary Dutch 2 (dutch language) Fanny Nsita Prerequisite LANG1936-1 Néerlandais élémentaire 1	B2	Q1	30	-	-	5
LANG1955-1	French beginner level 2 ISLV, Marielle Maréchal Prerequisite LANG1954-1 French beginner level 1	B2	Q1	30	-	-	5

Choose one of the following courses :

B1

5Cr
Code	Details	Bloc	Organization	Theory	Practical	Others	Credits
MQGE9006-1	Forecasting and Microsimulation (english language) Morgane Dumont	B1	Q2	30	-	-	5
TECH0003-4	Innovative technological projects Pierre Deneye	B1	Q2	30	-	-	5
FINA0050-1	Corporate Finance - Lectures and Seminars (english language) Marie Lambert	B1	Q2	30	-	-	5

Choose 1 sustainability course from:

B1

5Cr
Code	Details	Bloc	Organization	Theory	Practical	Others	Credits
FINA9030-1	Sustainable Finance (english language)	B1	Q2				5
	Ethics and Sustainability in Finance Patrick Schwarz			18	-	-
	Sustainable Business Models : a Serious Game Virginie Xhauflair			12	-	-
TECH2002-1	Life Cycle Management (english language)	B1	Q2				5
	Life Cycle Assessment & Ecodesign Andrea Di Maria, Angélique Léonard			18	-	-
	Sustainable Business Models : a Serious Game Virginie Xhauflair			12	-	-
GEST7106-1	Reporting and Metrics for Sustainability (english language)	B1	Q2				5
	Sustainability Reporting and Strategy Nathalie Crutzen			18	-	-
	Sustainable Business Models : a Serious Game Virginie Xhauflair			12	-	-

Focus compulsory courses

B1

15Cr

B2

15Cr
Code	Details	Bloc	Organization	Theory	Practical	Others	Credits
FINA0052-1	Financial Derivatives (english language) Patrick Schwarz	B1	Q2	30	-	-	5
MQGE0007-1	Financial Mathematics and Stochastic Calculus (english language) Elise Vandomme	B1	Q2	30	-	-	5
FINA0053-1	Investments and Portfolio Management (english language) Georges Hübner, Patrick Schwarz	B1	Q2	30	-	-	5
FINA0064-1	Financial Risk Modeling (english language) Julien Hambuckers	B2	Q1	30	-	-	5

Focus optional courses

B2: 10Cr

Choose two courses out of the following :

B2

10Cr
Code	Details	Bloc	Organization	Theory	Practical	Others	Credits
FINA0065-1	Advanced Corporate Finance and Modeling (english language) Marie Lambert Prerequisite FINA0050-1 Corporate Finance - Lectures and Seminars FINA0052-1 Financial Derivatives FINA0053-1 Investments and Portfolio Management	B2	Q1	30	-	-	5
FINA0063-1	Advanced Statistical Methods in Finance (english language) Julien Hambuckers	B2	Q1	30	-	-	5
FINA0060-1	Empirical Methods in Financial Markets - Theory and Applications (english language) Cédric Heuchenne	B2	Q1	30	-	-	5
FINA0084-1	Advanced Portfolio Management and Performance (english language) Georges Hübner	B2	Q1	30	-	-	5
ELEC0018-1	Energy markets and regulation (english language) Damien Ernst	B2	Q1	39	13	-	5
FINA9013-1	Strategic Financial Analysis (english language) - [30h Autres] Marie Lambert	B2	Q1	-	-	[+]	5
Notice : access on file

Bridging courses Master in management engineering (45-60 credits) - for graduates in civil or industrial engineering (who have completed advanced courses in science, technology and mathematics in their core curriculum)

Code

Details

Bloc

Organization

Theory

Practical

Others

Credits

Optional courses

B0: 60Cr

The student's annual programme will be determined by the board based on their prior education. It will include 45 to 60 credits selected from the following:

B0

60Cr
Code	Details	Bloc	Organization	Theory	Practical	Others	Credits
GEST0588-5	Introduction to the analysis of organisations Wouter Vleugels	B0	Q1	27	-	-	3
DROI2001-1	The law in its relations with the economic world	B0	Q2				5
	Droit public Christophe Deprez			15	-	-
	Droit privé Arianne Salvé			30	-	-
	Droit de l'entreprise Laurent Stas de Richelle			15	-	-
GEST1056-1	Analytical accounting and management control Didier Van Caillie	B0	Q2	40	20	-	5
GEST0832-4	Financial Markets Georges Hübner	B0	Q2	40	15	-	5
ECON2259-1	Microeconomics and industrial economy Jérome Schoenmaeckers	B0	Q1	40	15	-	5
GEST3014-2	Principles of marketing Nadia Steils	B0	Q1	50	-	-	5
FINA0001-1	Financial statement analysis and financing an enterprise Wouter Torsin	B0	Q2	45	-	-	5
GEST0193-1	Business Simulation - [30h Monitored workshops] Anne Bils, Anne Chanteux, Wilfried Niessen	B0	TA	-	-	[+]	2
ECON0212-3	Econometrics Malka Guillot	B0	Q1	30	15	-	4
GRHO0001-4	Strategic Human Resources Management Grégory Jemine	B0	Q1	45	-	-	5
INFO9001-3	Digital Transformation (english language)	B0	Q1				5
	Digital Strategy Nicolas Neysen			22	-	-
	Information Technology Management Ashwin Ittoo			22	-	-
MQGE0001-6	Operations Research (english language) Jérôme De Boeck	B0	Q1	45	-	-	5
LOGI0010-1	Supply Chain Management (english language) Yasemin Arda	B0	Q2	45	-	-	5

Bridging courses Master in management engineering (45-60 credits) - for graduates in management or applied economics (who have not taken science, technology or advanced mathematics courses in their core curriculum)

Code

Details

Bloc

Organization

Theory

Practical

Others

Credits

Optional courses

B0: 60Cr

The student's annual programme will be determined by the board based on their prior education. It will include 45 to 60 credits selected from the following:

B0

60Cr
Code	Details	Bloc	Organization	Theory	Practical	Others	Credits
CHIM0092-2	General chemistry Christine Bertrand	B0	Q2	40	20	-	5
MATH2009-1	Mathematics: Linear Algebra Célia Paquay	B0	Q2	35	13	-	4
MATH2008-1	Mathematics: Analysis infinitesimal Valérie Henry	B0	Q1	27	27	-	4
MATH0059-2	Mathematics for business engineers Bernard Fortz	B0	Q1	35	20	-	5
PHYS0956-3	General Physics: part I Pierre Deneye	B0	Q1	40	20	-	5
PHYS0122-3	General Physics: part II Pierre Deneye	B0	Q2	40	15	-	5
TECH0763-2	Science and technology Robin Crunenberg, Sabine Danthine, Brigitte Evrard, Angélique Léonard	B0	Q1	45	-	-	4
GEST1056-1	Analytical accounting and management control Didier Van Caillie	B0	Q2	40	20	-	5
INFO0076-1	Computing in management engineering Michael Schyns	B0	Q2	40	15	-	5
INFO9001-3	Digital Transformation (english language)	B0	Q1				5
	Digital Strategy Nicolas Neysen			22	-	-
	Information Technology Management Ashwin Ittoo			22	-	-
ECON0212-3	Econometrics Malka Guillot	B0	Q1	30	15	-	4
MQGE0001-6	Operations Research (english language) Jérôme De Boeck	B0	Q1	45	-	-	5
LOGI0010-1	Supply Chain Management (english language) Yasemin Arda	B0	Q2	45	-	-	5
STAT1208-2	Probability and statistical inference Cédric Heuchenne	B0	Q1	50	15	-	6
GEST0193-1	Business Simulation - [30h Monitored workshops] Anne Bils, Anne Chanteux, Wilfried Niessen	B0	TA	-	-	[+]	2

Bridging courses Master in management engineering (45-60 credits) - for graduates in management or applied economics (who have not taken science or technology courses but have completed a substantial number of advanced mathematics courses in their core curriculum).

Code

Details

Bloc

Organization

Theory

Practical

Others

Credits

Optional courses

B0: 60Cr

The student's annual programme will be determined by the board based on their prior education. It will include 45 to 60 credits selected from the following:

B0

60Cr
Code	Details	Bloc	Organization	Theory	Practical	Others	Credits
CHIM0092-2	General chemistry Christine Bertrand	B0	Q2	40	20	-	5
PHYS0956-3	General Physics: part I Pierre Deneye	B0	Q1	40	20	-	5
PHYS0122-3	General Physics: part II Pierre Deneye	B0	Q2	40	15	-	5
TECH0763-2	Science and technology Robin Crunenberg, Sabine Danthine, Brigitte Evrard, Angélique Léonard	B0	Q1	45	-	-	4
GEST1056-1	Analytical accounting and management control Didier Van Caillie	B0	Q2	40	20	-	5
INFO0076-1	Computing in management engineering Michael Schyns	B0	Q2	40	15	-	5
INFO9001-3	Digital Transformation (english language)	B0	Q1				5
	Digital Strategy Nicolas Neysen			22	-	-
	Information Technology Management Ashwin Ittoo			22	-	-
ECON0212-3	Econometrics Malka Guillot	B0	Q1	30	15	-	4
GRHO0001-4	Strategic Human Resources Management Grégory Jemine	B0	Q1	45	-	-	5
MQGE0001-6	Operations Research (english language) Jérôme De Boeck	B0	Q1	45	-	-	5
LOGI0010-1	Supply Chain Management (english language) Yasemin Arda	B0	Q2	45	-	-	5
GEST0193-1	Business Simulation - [30h Monitored workshops] Anne Bils, Anne Chanteux, Wilfried Niessen	B0	TA	-	-	[+]	2
STAT1208-2	Probability and statistical inference Cédric Heuchenne	B0	Q1	50	15	-	6
GEST0832-4	Financial Markets Georges Hübner	B0	Q2	40	15	-	5

Business engineering, professional focus in Financial Engineering

Cycle view

Pre-requisite

Core curriculum compulsory courses

Common core courses

Choose one of the following modules :

Module 1 (aimed at internationally mobile students)

Module 2

Choose two courses out of the following :

Choose courses totalling 25 ECTS from the following :

Choose two courses out of the following :

Choose one of the following courses :

Choose 1 sustainability course from:

Focus compulsory courses

Focus optional courses

Choose two courses out of the following :

Bridging courses Master in management engineering (45-60 credits) - for graduates in civil or industrial engineering (who have completed advanced courses in science, technology and mathematics in their core curriculum)

Optional courses

The student's annual programme will be determined by the board based on their prior education. It will include 45 to 60 credits selected from the following:

Bridging courses Master in management engineering (45-60 credits) - for graduates in management or applied economics (who have not taken science, technology or advanced mathematics courses in their core curriculum)

Optional courses

The student's annual programme will be determined by the board based on their prior education. It will include 45 to 60 credits selected from the following:

Bridging courses Master in management engineering (45-60 credits) - for graduates in management or applied economics (who have not taken science or technology courses but have completed a substantial number of advanced mathematics courses in their core curriculum).

Optional courses

The student's annual programme will be determined by the board based on their prior education. It will include 45 to 60 credits selected from the following: