Specialization in Business Mathematics

Program Description

The Specialization in Business Mathematics offers students in the Business Administration, International Business Administration and Information Systems majors the opportunity to give their education a strong quantitative emphasis. Numerous business-related professions demand advanced skills in mathematics and statistics making these skills a prerequisite for any future career. Proof of the successful completion of 20 ECTS credits in business mathematics also significantly improves the candidates’ chances of being accepted into an English-taught MSc program, for example Quantitative Finance.

After completing the Specialization in Business Mathematics, students have gained the following skills:

• Linear transformation and matrices, systems of equations, eigenvalues, quadratic forms, single variable calculus, multivariable calculus, optimization, multiple integrals


• Data structures and algorithms, development, implementation and testing of software programs, numerical mathematical methods for linear and non-linear equations, optimization


• Random variables and distributions, expected values, independence, conditional expectations and martingales, mathematical financial models in discrete time, options and derivatives


• Basic statistical inference, estimators, testing hypotheses; special applications such as regression and multivariate statistics

Professional Options

Graduates of the Specialization in Business Mathematics are ideally qualified for a number of different professional areas, and the completion of the program will help them gain admission to MSc programs with a quantitative emphasis. Professional options include:

• Work in academic institutions


• Public service, e.g. in research institutions


• Insurance companies, research departments of financial institutions, financial analysis or market research

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Last change: 2012-05-15 mw