You can study this unique, interdisciplinary master's programme exclusively at the University of Konstanz. In the master’s programme in Mathematical Finance you will learn to analyse and solve financial problems with the aid of mathematical methods. One core area is the analysis of risks, e.g. liquidity, non-payment or currency exchange risks and their impact on the valuation of securities and companies. You will also study incentive models for managers, investors and traders and discuss how financial markets can be regulated. Students receive method-based training in the relevant areas of mathematics as well as theory-based and application-oriented training in financial management. Elective courses, interdisciplinary seminars and the master’s thesis enable you to develop your special interest profiles. Moreover, you have the opportunity to complement your studies with an internship or a stay abroad at one of our partner universities in Asia, Europe or North America.
Why study Mathematical Finance in Konstanz?
- Unique study programme, offered only in Konstanz
- Interdisciplinary content through the cooperation of the Departments of Mathematics and Statistics as well as Economics
- Teaching in small practice groups
- Students enjoy intense supervision in their first semesters
- To start your studies: preparatory course (4 weeks) in mathematics
Study content
Prospects
Career prospects
Typical work areas include:
- Financial sector, e.g. banks, insurances, financial departments
- Supervisory bodies and state / federal ministries
- Consulting companies
If you prefer to opt for scientific research and teaching you have the option of following up your master’s degree with doctoral studies.
You can find out more about career entry in the interview series #dreamjob - Starting a career. Alumni of the University of Konstanz report on their very personal career entry.
Study structure
Start of study
Winter semester | Summer semester
Study structure
You can find an exemplary structure of the study programme in this table.
These documents will support you in planning your studies:
Opportunities for additional training
At the University of Konstanz, you have a broad range of opportunities and training options that complement your study programme, for example orientation programmes to support new students, learning guidance, language courses, a data and information literacy programme as well as options promoting career-oriented skills and social commitment.
Skills for successful studies- GoMINt – orientation programme in STEM subjects
- Writing Centre – writing tutoring, joint writing sessions and workshops
- Language courses at the Language Institute
- Learning guidance, study tips, time management – workshops offered by the Central Student Advisory Service (ZSB)
- Advanced Data and Information Literacy Track (ADILT) – programme can be completed with a certificate
- Transfer – practical projects (research, business, politics and society)
- qualification N – Sustainability Certificate at the University of Konstanz
- Profil+ – programme for career skills (German skills required)
- Career Passport – programme for career skills (for international students)
- Advice on career entry, opportunities and workshops from Career Service
Internships and stays abroad
Internship
Internships help you to gain insights into various professional areas and to build up contacts. Both departments and the staff of the university’s Career Service are here to help you find a suitable placement.
Stay abroad
A period of study abroad is always highly recommended. The university promotes study abroad via Erasmus+ and numerous other exchange programmes.
Impressions from students and lecturers
Hear from students and lecturers
In our interview series, students talk about their subject, teachers explain the department's research and tell you what topics they cover in seminars and lectures.
- Former students report - Samantha Färber, Financial Mathematics
- Former students report - Steffen Schaarschmidt, Financial Mathematics
- Three Questions to Phillip, M.Sc. Financial Mathematics
- Three Questions to Jeaninne, M.Sc. Financial Mathematics
- Three Questions to Linus, B.Sc. Financial Mathematics
- Consultation with Prof. Dr. Almuth Scholl, Economical Sciences
- Consultation with Prof. Dr. Guido Schwerdt, Economical Sciences
Get an impression
Discover online lectures and websites with more information about your prospective subject.
Study requirements
Admission requirements for studying
- Bachelor´s degree in economics (particularly mathematical finance), mathematics or natural sciences from an institution of higher education or Berufsakademie (grade 3.0 in the German grading system or better).
- Knowledge in mathematics (i.e. analysis, linear algebra, stochastics and numerics, totalling 32 ECTS credits or more) as well as knowledge in economics (i.e. statistics, econometrics or economics, totalling 26 ECTS credits or more);
- English skills proved by one of the following language tests (or equivalent): Cambridge Certificate of Proficiency in English (CPE) or Cambridge Certificate in Advanced English (CAE): Grade C or better; International English Language Testing System (IELTS): band scale 6.0 or better; Test of English as a Foreign Language (TOEFL): 80 points or more (internet-based), 213 points or more (computer-based) or 550 points or more (paper-based); alternatively: evidence of a semester in a study programme taught in English. Applicants who completed the Bachelor's Programme in Mathematical Finance at the University of Konstanz do not have to prove their English skills. Applicants who earned their bachelor's degree outside of Germany: the results of the GRE-test (Graduate Record Examinations);
- International applicants: documentation of German language skills, level DSH-1 or TestDaF 3 (in all four areas), or a language test recognised as equivalent.
For details, please see the admission regulations.
Fees
Semester fee
All students enrolled at the University of Konstanz are charged a semester fee each semester, similar to all other German universities. Here you can find the current semester fee and its individual components.
Tuition fees for first degree studies for certain international students
Since winter semester 2017/18, the state of Baden-Württemberg has required some international students to pay tuition fees for their first degree studies. The following students are not required to pay tuition fees: citizens of a country within the European Union (EU) or the European Economic Area (EEA), doctoral students and certain “Bildungsinländer” (e.g. non-EU citizens with a German “Abitur”). More detailed information can be found here.
Each year, the University of Konstanz grants exemptions to a limited number of particularly gifted international degree-seeking students in accordance with the university’s “Begabtenbefreiungssatzung” (statutes governing the exemption of gifted students). More detailed information can be found here.
Tuition fees for second degree studies for all students
All students are required to pay tuition fees for their second degree studies. More detailed information can be found here.
Required language skills
Foreign language skills
You have to document your English language skills through one of the following language tests (or equivalent test):
- Cambridge Certificate of Proficiency in English (CPE) or Cambridge Certificate in Advanced English (CAE): Grade C or better; International English Language Testing System (IELTS): band scale 6.0 or better; Test of English as a Foreign Language (TOEFL): 80 points or more (internet-based), 213 points or more (computer-based) or 550 points or more (paper-based); alternatively: evidence of a semester in a study programme taught in English.
- Applicants who completed the Bachelor's Programme in Mathematical Finance at the University of Konstanz do not have to prove their English skills.
- Applicants who earned their bachelor's degree outside of Germany: the results of the GRE-test (Graduate Record Examinations);
German language skills
International applicants: documentation of German language skills, level DSH-1 or TestDaF 3 (in all four areas), or a language test recognised as equivalent. The University of Konstanz does not offer preparatory German language courses or approved German language exams. For this reason, you must submit accredited proof of your German language skills along with your application.
Teaching and examination language
The courses will be held in German or English in agreement with the lecturers. Consequently, study and exam credits can be acquired in either German or English.
Interests and skills
- Very good knowledge of mathematics and economics.
- Very good English skills
- Great interest in current economic, especially financial issues on the national and international level
Application
Application and application documents
Application documents
To submit your online application you are required to upload the following supporting documents as PDF-files:
- Documentation of your degree from an institution of higher education or Berufsakademie. If you have not received your degree certificate by the end of the application deadline, please attach documentation of all your examination results so far;
- Documentation of your knowledge in mathematics and economics.
- Documentation of adequate English skills
- Application letter in English (1 page) showing your aptitude and motivation for participating in the study programme
- Curriculum vitae
- Letter of recommendation by an academic teacher showing your aptitude and motivation for participating in the study programme
- Results of the GRE-test (if applicable)
- Current certificate of enrolment or proof of exmatriculation (if you have studied at a German university, please indicate your 'Fachsemester’ and ‘Hochschulsemester’).
Important note: Please note the information provided under the tab "Admission requirements".
International applicants:
- If your documents are not available in German or English, you will need to have them translated. Please submit a German or English translation of your documents along with the original versions.
- Documentation of adequate German skills level DSH-1 or TestDaF 3 (or equivalent);
- Applicants from China, India and Vietnam: APS certificate (original) issued by the German Embassy of your home country
An application is possible during the following period: 07.05. - 15.09. | 29.11. - 15.03.
There may be other deadlines if you are applying for admission to a higher semester (for instance, if you are changing subjects or universities). For more information please consult the
university website
.
Contact
Contact person
The Central Student Advisory Service (ZSB) can help you with general questions about finding the right study programme as well as when you are concerned or unsure about your studies. We will be happy to advise you and support you with a wide range of services.
Central Student Advisory Service (ZSB)
Room: D 409 – 412a
Make an appointment: termin.zsb@uni-konstanz.de
Questions related to the content or organization of the study programme:
Departmental student advisory service
Karin Czaja
Contact person room F 260
Phone: +49 7531 88-3452
Email: studienberatung.fima@uni.kn
Studying at the University of Excellence Konstanz
With your university entrance qualification in your pocket, the sky is the limit. Get a top education at the University of Konstanz, benefit from outstanding teaching and interdisciplinary exchange on our international campus. Situated on a hilltop overlooking Konstanz with a great view of Lake Constance and the Alps, our nationally and internationally renowned research university has been recognized as a University of Excellence since 2007.
Top ratings in the CHE University Ranking regularly confirm the quality of our study programmes. Take your pick from more than 100 programmes! Our courses are close to research and will perfectly equip you for the future, especially in combination with practice-oriented, socially relevant transfer projects, opportunities for going abroad and qualification programmes that you can complete alongside your studies.