How to enable Hyper-V on Windows 7?

I am trying to enable Hyper-V on a windows 7 installation. I followed the instructions on MSDN without luck. There is no "Hyper-V" setting under my Windows Features.

I do have all BIOS features enabled, and I can confirm this using the "coreutils" tool as described on the linked documentation.

Furthermore Data Execution Prevention is supported by my system (as reported by Windows in the system performance dialogue), I have a legal version of Windows 7 Home Premium, I am on the first service pack and have a 64 bit installation.

Is there something I am doing wrong? Does my Windows simply not support Hyper-V?

You can only install Hyper-V manager in Win 7 Pro or above version.

Edit: Someone mentioned this is incorrect. However, based on my experience, the option of installing Hyper-V is missing on Win7 Home so I can't install it (I can only install it onon Win7 Pro). So please also check out others answer too.

Hyper-V is a server-side application up to Windows 8.1 and upcoming version of Windows 10, which include it in the client, too (as the update of Virtual PC).

Therefore you won't find it under Windows 7. In Windows 7 the optional virtualisation software is Virtual PC (Windows XP mode). You can download it in the download base on the Microsoft pages.

Under Windows 7, you can install the optional Hyper-V Management client, though you will need Windows 7 Pro. With this management tool you will be able to control/administer Hyper-V installed on a server system, from your client.

So the question is: Do you want to run a virtual system on your Windows 7 or do you want to administrate Hyper-V, running on a server system, from your Windows 7 client?!

Install the "Remote Server Administration Tools for Windows 7 with Service Pack 1 (SP1)" and you will be able to select Hyper-V from Turn Windows features on or off.

See more here