Business Mathematics
The Master's program in Business Mathematics is aimed at providing in-depth scientific, theoretical and practical training in this field. The focus is on educating managers for research and development.
In the Matser's profram, Business Mathematics is expanded to the current research level. The latest research findings are discussed in the courses and current issues are addressed by the students, e.g. in the Master's thesis. The Master's programme focuses in particular on deepening the mathematical foundations and specialisation in economics as well as the individual study of economic issues. The Master's in Business Mathematics provides a solid foundation for further academic qualifications, such as a doctorate.
Specialisations
Students research, for example, models of logistics, game theory or stochastic problems.
Students analyse economic problems with the help of mathematics.
Students create computer programs to solve problems in business mathematics.
- Faculty
-
Faculty of Mathematics and Computer Science (Faculty 1)
- Degree
-
Master of Science (M. Sc.)
- Standard period of study
-
4 Semester
- Part-time possible
-
No
- Start of studies
-
Winter semesterSummer semester
- Admission requirement
-
Bachelor's degree in Business Mathematics or in an equivalent degree program at a university
Language requirement
- Application: with at least B1 level German
- Admission to the degree program: with C1 level German (e.g. DSH-2)
- language courses and DSH exam at TUBAF
- Course language
-
German
In principle, graduates of the Master's degree program in Business Mathematics can work in the same fields as graduates of the Bachelor's degree, but the work following a Master's degree is more research-oriented. Therefore, employment in universities or research institutions is also an option.
Graduates of the Business Mathematics study program are able to solve complex economic problems using all the possibilities of modern computer technology with mathematical methods. The diverse tasks include, for example,
- issues relating to the optimisation of operational processes,
- warehousing,
- location planning,
- the reduction of resource consumption,
- the control of traffic flows and
- the assessment of opportunities and risks in insurance and financial planning.
Important areas of application for business mathematicians:Inside lie
- in the insurance industry (statistics, rate design, development of new products),
- in the banking and credit industry (risk management, investment banking, corporate and private clients, simulation calculation of building society tariffs),
- at financial and HR service providers (corporate research and planning, software development, client consulting),
- software production (database analysis, development of customer-specific software, electronic business, qualified organisational consulting) and
- in the areas of controlling, logistics and marketing
Banks and insurance companies, financial service providers, management consultants and, above all, software houses are therefore sectors and companies with a considerable demand for labour.
