The Industry Lab is a project-oriented course in cooperation with an industry partner. Students have the task to apply the skills and methods they learn(ed) in the common courses of their studies to solve a specific real-life problem the industry partner demands. Usually, an Industry Lab is completed by delivering a program code and a documentation, and by presenting the result to representatives of the industry partner company.

The industry labs contribute to the students’ ability to:

• understand, analyze and solve complex real-life financial problems using mathematical and statistical models
• use mathematical and statistical methods and computational procedures for financial decision-making
• know how to handle financial market data and information systems in theory and practice
• develop and apply computational processes for solving finance-related problems
• translate theory into practical decision-making.Moreover, they foster students’ ability to:
• work well in teams and participate actively in problem-solving processes
• organize themselves in relation to group work including presentation and report writing skills.
• work under the pressure of deadlines
• critically evaluate and analyze risks of financial instruments using current models and methods

Full attendance is compulsory. This means that students should attend at least 80% of all lectures, at most one lecture can be missed.

In small groups (three students/group), students work together on industry projects with selected corporate partners.Each lab is supervised by a WU faculty member and project leader(s) of the corporate partner.The course delivery varies depending on the particular industry lab.

The assessment will be based on the following deliverables:

• Final report
• Intermediate presentations
• Active participations

All items are weighted equally. The project results will be assessed with respect to academic quality, practical relevance and project management skills.

Successful completion of

• Mathematics I, and
• Financial Markets and Instruments