Mathematical Finance – Bachelor of Science


Undergraduate study programme leading to a first degree and providing qualifications and skills for future employment.

Mathematical Finance involves the analysis of national and international financial markets. The focus is on the mathematically founded analysis of economic decision problems. In your study programme, you will learn to analyze economic problems using complex mathematical methods. To be able to do so, you need solid knowledge of mathematics and economics. The curriculum comprises equal shares of courses in both these disciplines. You will also acquire a general understanding of economics and of scientific working techniques.


Degree Bachelor of Science
Programme start Winter semester
Period of study 6 semesters
Application period 07.05. - 15.09.
Admission restrictions no
ECTS 180
Obligatory minor subject no
⌀ Number of students 65

Why study Mathematical Finance in the University of Konstanz?

  • Unique study programme
  • International orientation with possibilities for stays abroad in Europe or the USA
  • Some of the courses are in English
  • Students enjoy intense supervision
  • Preparatory course in mathematics for first-semester students


Prospects and opportunities

Career prospects

When you graduate, your skills and qualifications in economics and mathematics will enable you to work in a variety of demanding areas. Typical work areas include:

  • Financial sector, e.g. banking, insurance
  • Financial departments of industrial enterprises
  • Consulting companies

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.

Graduate studies

Programme structure

Programme start

Winter semester

Academic structure

The study programme is divided into a basic and an advanced study period, each lasting three semesters. During the basic study period you acquire basic knowledge in economics and gain skills in mathematical methods. During the advanced study period you expand your knowledge of business and macroeconomics in finance management. At the same time you will deepen your knowledge of stochastics, statistics and numerics, so that you will be able to analyse and assess modern finance instruments.
In addition to this, you will select a variety of compulsory elective courses from the fields of economics, mathematics, statistics, law, politics and public administration, or computer and information science, depending on your interests and career aims. You can find an exemplary structure of the study programme in this table.

You will find detailed information about the individual course contents on the websites of the Department of Mathematics and Statistics as well as Economics.

Please check the Exam regulations (partly in German) for more information about the programme structure.

Internship and study abroad


You must complete an internship of at least 3 weeks during the semester break. The Department of Economics and the staff of the university’s Career Service are here to help you find a suitable placement.

Study abroad

A period of study abroad is always highly recommended. You can spend semesters abroad at numerous European and non-European universities. The university promotes study abroad via Erasmus+ and numerous other exchange programmes.

Impressions from students and lecturers


What interests and skills should I have?

  • An interest in economic issues
  • Good knowledge of mathematics
  • Good English skills
  • An interest in analytical thinking

Language skills

Foreign language skills
You do not have to proof any foreign language skills. However, as large parts of the research literature are written in English, good English skills are highly recommended.

German language skills
International applicants need documentation of their German language skills, level DSH-2 or TestDaF 4. Alternatively, other language tests or school certificates recognized as equivalent can be used as proof of the required German language skills. 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.

Language(s) of instruction

The language mainly used in class is German. Courses may also be held in English.

Admission requirements

General higher education entrance qualification (Abitur) or equivalent.

Documentation Orientation Test
When applying for admission at universities in the state of Baden-Württemberg, you have to take an orientation test. The Baden-Württemberg orientation test is the most widely used test. Please send in your certificate of participation together with your application papers.


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.

Application and application documents

This study programme has no admission restrictions.

PocketManual "Application" (in German)
Enrolling at the University of Konstanz – Our PocketManual "Application" (in German) will guide you as you take all the steps towards submitting a successful application to your first-choice study programme at the University of Konstanz.

An application is possible during the following period: 07.05. - 15.09. (winter semester). 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.

Application documents

During the online application process, you will need to enter various kinds of information (school grades, attendance periods etc.) and upload various PDF documents. Please make sure that you have the relevant documentation ready. This may include:

  • your Abitur certificate (German general higher education entrance qualification)
  • documentation of any volunteering you may have done (FSJ, FÖJ etc.)
  • any documentation about vocational training you may have completed
  • any other required documents (medical certificate etc.)

An electronic assistant will guide you through the application process. Required fields are marked by an asterisk (*).