Specialisation of: MSC Industrial Engineering and Management

This transfer minor is for all students who want to learn more about the Industrial Engineering and Management field and want to prepare for the Master Industrial Engineering and Management (IEM).

The master Industrial Engineering and Management has three specializations:

• Production and Logistics Management (PLM)
• Health Care and Technology Management (HCTM)
• Financial Engineering and Management (FEM). 

Financial Engineering and Management (FEM).

Over the past decade, the increasing complexity of financial products, the size of the markets, and the ever increasing variety in the products traded have generated a growing demand for skilled professionals to create, price and hedge complex derivatives and, more generally, to manage risk. Acquiring such skills requires mastering both mathematical and managerial knowledge. To meet this demand, the Department of Financial Engineering (in co-operation with the Department of Applied Mathematics) offers a master’s track in financial engineering and risk management. Students are trained to identify and quantify risk. Moreover, they should be able to determine the extent to which risk should be dealt with using financial engineering instruments or other types of solutions, such as reengineering business processes, adapting the firm’s strategy, switching customers/suppliers or taking different investment decisions. Students will also benefit from comprehensive management training, learning to apply strategic skills to manage the firm’s innovation and technology.

The goal of this transfer minor is to 1) get an impression of the content of the master programme IEM specialisation PLM and HCTM and to find out if studying at our university suits you 2) to prepare you for the master’s programme IEM by gaining scientific research skills, studying the different areas of Industrial Engineering, raise your knowledge about mathematics and statistics to academic level 3) to qualify for the formal requirements for entering our UT Master of Science Industrial Engineering and Management (MSc IEM).

The content of this pre-master programme consists of courses counting up to 30EC.

Financial Engineering and Management (FEM)
Sept-Oct, Quartile 1, 15 EC
202001172 Calculus A  4 EC
202000451 Academic Skills for premaster IEM  1 EC
202000454 Financial Engineering for premaster IEM  10 EC

Nov-Feb, Quartile 2, 15 EC
202001176 Statistics & Probability for premaster IEM  5 EC
202000451 Academic Skills for premaster IEM  4 EC
202300167 Data Analysis and Programming  3 EC
202000397 Operations Strategy  3 EC

Am I eligible for this minor?
This transfer minor is only available for students with a related technical bachelor programme, such as Mechanical Engineering, Civil Engineering, Industrial Design, Electrical Engineering etc. Always check the www.doorstroommatrix.nl.

If your program is not listed, please know that the admissions committee reviews each application individually and may make exceptions in some cases. Therefore, know that you can always apply for admission.

Mathematics
One of the conditions for admission, is to demonstrate proficiency in Mathematics B at pre-university level (VWO). Students who do not meet the mathematics criteria can upgrade their deficiencies, e.g.:

• Babel and Boswell Bèta or http://www.boswell-beta.nl/ also available in English http://www.boswell-beta.nl/en/
• A State exam, see http://www.ccvx.nl/
• UvA: http://kdvi.uva.nl/education/zomercursus/wiskunde-b/zomercursus-wiskunde-b.html
• Some Universities of Applied Sciences offer extra ’Technical Mathematics’ courses themselves. Make sure you check in advance with the IEM programme of the UT whether the course offered by your University is approved for admission.

When you do not meet the condition of demonstration the proficiency in Mathematics B at pre-university level (VWO) before the start of the transfer minor you will NOT be admitted to the transfer minor. 

Grades
Applicants are also assessed on the content of their current HBO programme and the obtained grades. We recommend you to only follow up with this transfer minor, if your average grade is at least 7.0-7.5 at your HBO programme. This transfer minor is meant for students with the motivation and the ability to achieve an English programme at academic level.

Brush up on English
The IEM programme is taught in English. We strongly advise you to test your level of English.

Take the diagnostic Dialang test on http://dialangweb.lancaster.ac.uk/. This test gives you insight into where you stand in understanding English, in listening, writing, reading, vocabulary and language structures. The test will take up about 105 minutes of your time. The assessment will result in a baseline measurement of your English proficiency, as well as in potential points for improvements.

Bear in mind that the required level of English is at least C1 on each separate subject. When you don’t meet these requirements, we recommended you to freshen brush up your knowledge of English before starting with the pre-Master’s programme.

Other requirements
It is important to know that you need to have completed already 120 EC’s from your current bachelor’s programme (including the complete first year) before you can start this transfer minor.

Required documents for application

To assess your application you need to submit the following documents.

• Proficiency in Mathematics B at pre-university level (VWO). Or planning when you will be taking a mathematics course or exam.
• Up-to-date grade list of your current HBO programme
• English motivation letter. (Explain clearly why you would like to take this transfer minor and the specialization you prefer.
• KOM Learning agreement signed by your own HBO programme.

Please send all required documents to: e.s.ensink@utwente.nl. Keep in mind that incomplete applications will not be assessed.

Information about the course content, literature used in the courses and about the assessment of courses can be found in the Osiris course catalogue. This transfer minor is a full-time programme, lectures may be scheduled on any (working) day of the week.

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Admission to the master's programme

After graduation from your HBO Bachelor and upon successful completion of this transfer minor, you have direct and unconditional access to the MSc Industrial Engineering and Management PLM/HCTM programme at the University of Twente.

Only if you successfully complete this minor within 12 months (one academic year), and with no more than 2 exams per course, you can be admitted to the master's programme.

Students encountering special circumstances have to ask the exam committee for exemption of the rules mentioned above and inform their study counsellor as soon as the circumstances come up.

If you have any questions, feel free to contact Ellemijn Ensink (programme coordinator BSc & MSc Industrial Engineering and Management) e.s.ensink@utwente.nl.