Mathematics in Finance and Industry (Master)

Degree	Master of Science (Dual Degree possible)
Standard duration of study	4 semesters
Language of instruction	German
Start of programme	winter and summer semester
Admission	free admission (special admission requirements)

Mastering coincidences and solving problems of optimisation:

How much must banks set aside in order not to jeopardise their customers’ capital investments? How can an internationally operating company protect itself against currency fluctuations? What network capacities should an internet provider have? These are questions that you deal with as a mathematician in finance and industry. Business mathematics has been dealing with problems from the fields of business and economics for about 20 years.

What is special about TU Braunschweig?

Financial mathematics is a comparatively new and rapidly expanding discipline where mathematical concepts are developed to solve the many new problems in the field of finance. Without mathematical analysis, modern financial transactions and products would not be possible.

Combining theory and practice in the best possible way

Mathematics in finance and industry applies the findings of mathematics to the practical needs of finance and economics with the help of computer-oriented methods.

From a mathematical point of view, it is about problems of optimisation on the one hand, and the control of random events and processes on the other. Therefore, in this degree programme you deal in particular with mathematical optimisation, stochastics and numerical analysis.

You will receive a broad scientific education in the fundamentals and methods of mathematics, information science and economics. You will also acquire comprehensive knowledge in the areas of applied mathematical and quantitative economics.

Courses from the field of computer science are also integrated into the degree programme: In computer practicals and programming courses, you will acquire knowledge that will enable you to solve complex problems using a computer.

Information on the study programme

Fit for specialist and management tasks

The Master’s programme in Mathematics in Finance and Industry builds directly on the Bachelor’s programme. It provides a research-oriented qualification in terms of content and methodology.

You have many options for setting your focus so that you can explore relevant areas of mathematics in finance and industry according to your personal strengths and interests.

Within mathematics, this includes the areas of stochastic, statistical and numerical methods of financial mathematics as well as mathematical optimisation. Within economics, you can choose from a variety of subjects in business administration and economics.

During your studies, you will not only acquire a wide range of methods and professional skills, but also important key qualifications that are indispensable in today’s professional practice. Social and communication skills are strengthened through seminars and computer practicals.

You will complete your Master’s thesis in the interdisciplinary field of mathematics and economics.

The Master’s degree qualifies you to carry out specialist and management tasks in which you work independently and creatively. Holders of a Master’s degree with appropriate qualifications can also pursue a doctorate in mathematics or economics.

Those who have gained experience abroad and speak a foreign language are particularly sought after by the economy. Today, large companies operate globally, research projects are carried out in international teams and specialised literature is written in English. It is therefore important that you take advantage of your studies to gain experience abroad and to professionalise your foreign language skills.

Within the framework of our international university partnerships, we offer you many opportunities to study abroad. In our dual degree programmes, you can acquire a second university degree from a university abroad without extending your study time. Alternatively, you can complete internships or student research projects in a company abroad for which you can receive credit as part of the recognition of study achievements.

Student exchange programmes

Europe: with universities in, for example, Scandinavia, Southern and Eastern Europe
North America: with universities in the USA and Canada
South America: with universities in Argentina, Brazil, Chile and Mexico
Asia: with universities in India, China, Japan and South Korea

The combination of mathematical expertise and additional knowledge in economics paves the way for diverse career opportunities: Graduates work in the industry, in public administration and at universities, but especially in banks, insurance companies, at financial service providers, software manufacturers, service providers, in consulting companies as well as in the field of logistics.

With a major in financial mathematics, you will qualify, for example, for jobs at:

insurance companies
banks
financial service providers

The demand for graduates with a knowledge of applied mathematical and quantitative economics has been high in these sectors for years.

With a stronger focus on business mathematics, you will have very good career prospects, for example at:

logistics service providers
software developers
transport planning offices

Admission requirements and application

In order to be admitted to this Master’s degree programme, you need to have a Bachelor’s degree in the same or a closely-related discipline. You can find more information on the admission requirements in our admission regulations [documents in German only]. Please carefully read the information provided before you submit your application!

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