Studying Business Mathematics

Overall Goals

The main goals of the M.Sc. Business Mathematics program are to enable students to successfully do research in mathematics and to prepare them for quantitative jobs. Particular emphasis is put on teaching mathematical optimization, stochastics and economics. Training in modern mathematical methods is the key aspect of the program. Additionally, important language and communication skills are being taught, qualifying graduates for the international job market and for cooperation with research groups in foreign countries.

Content and Structure

The mathematics modules in the M.Sc. Business Mathematics program are taught in English. Students can freely choose among a wide variety of mathematics modules and they choose one area of specialization for the economics portion of their master program. A total of 120 ECTS credits have to be collected, according to the following subcategories:

  • 18-30 ECTS credits in mathematical optimization and stochastics
  • 9-21 ECTS credits in further areas of mathematics
  • 30 ECTS credits in one area of specialization in economics
  • 30 ECTS credits for the master thesis
  • 18 ECTS credits in your minor subject and general key qualifications (ASQ)

International students who do not already have knowledge of German of at least an advanced CEFR level A2 are required to choose “German as a foreign language” as their minor subject. They can collect all 18 ECTS credits required for their minor subject by attending German classes.

The previous paragraph does not apply to students, who want to choose an area of specialization besides “Innovation and Change” and “Economics and Strategy” (see the section on Requirements for Application).

The areas of specialization in economics are:

  • Innovation and Change
  • Economics and Strategy
  • Financial Risk
  • Management Science
  • Accounting, Taxation and Capital Markets
  • Marketing Management

You can find more details in our study guide (download pdf).

Requirements for Application

In order to apply for the M.Sc. Business Mathematics program, the following is required:

  • knowledge of English of at least CEFR level B2, which may be evaluated by means of an application interview
  • knowledge of at least one higher programming language
  • an overall grade of the Bachelor’s degree of 2.5 or better

Knowledge of German is not an initial requirement, as long as students choose “Innovation and Change” or “Economics and Strategy” as their area of specialization. Students can learn German during the program and thereby collect up to 18 ECTS credits.

If a student wants to choose one of the other areas of specialization, then she or he is required to take and pass the DSH2 examination, thereby verifying, that her or his knowledge of German is sufficient.