Management Science and Mathеmatiсs

The English-language Master's degree course is a modern, research-oriented business mathematics course with a focus on mathematical optimization and operations research, statistics and data science, and mathematical economics. This sets it apart from neighboring universities, which focus primarily on financial and actuarial mathematics. Students acquire in-depth specialist knowledge, skills, and methods from economics and mathematics. In addition, they are enabled to work scientifically, apply scientific findings and methods in professional practice, classify scientific findings critically, and act responsibly and ethically. Answering many current economic, business, and social questions requires mathematical modeling, objective optimization of process parameters, statistical analyses, and algorithmic processing of large amounts of data. The course provides the technical and methodological knowledge as well as the necessary problem-solving skills required to meet these challenges.

The Master's degree program in Management Science and Mathematics qualifies students for economic tasks that require a high degree of analytical and mathematical competence, or for mathematical tasks that require in-depth knowledge of economics.

Students acquire the methodological and practical skills they need for employment in the field of business mathematics, for example in the finance, insurance, and service sectors, in industry, or research. From the outset, the degree course is interdisciplinary, combining economics and mathematics, thus giving students an insight into the different specialist cultures. Students learn how to handle data responsibly, the associated technologies, and the resulting implications, as well as how to work together successfully and respectfully in interdisciplinary teams. The qualification profile of the graduates is rounded off by the acquisition of intercultural competence, which is made possible by the international orientation of the course.

The majority of the modules in this degree program have a strong practical and application focus, in which the solvability of economic decision-making problems with mathematical models and methods is addressed. The majority of the modules in the three specializations also have a very strong practical focus, especially in the internships and project modules offered there.

Course of study

The degree program is divided into a core area, an elective area, and an advanced area. Modules from the following three specializations must be selected in the advanced area:

• Mathematical Optimization and Business Analytics,
• Statistics and Data Science,
• Mathematical Economics and Finance.

One of these areas of specialization must be chosen as a focus. The modules selected in the advanced area form the basis for the final thesis.