Mathematical Finance – Bachelor of Science


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

Mathematical Finance is concerned with the analysis of national and international financial markets. The main focus is on the mathematical analysis of economic decision-making problems. During your studies you will learn how to analyse economic problems using complex mathematical methods. The foundations for this are formed by a comprehensive education in mathematics and economics, based on an equal distribution of classes in these two disciplines. In addition to this, you will acquire a general scientific understanding and the necessary scientific work techniques.


DegreeBachelor of Science
Programme startWinter semester
Period of study6 semesters
Application period27.05. - 15.7.
Admission restrictionsyes
Obligatory minor subjectno
Number of places:65

Why study Mathematical Finance at 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.

Additional information about the programme structure is available at the Exam regulations (in German).

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.


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 some international students
Beginning in the winter semester 2017/18, the state of Baden-Württemberg will require some international students to pay university tuition fees for their first degree studies. The following will generally not be 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' (international students with German Abitur). You can find more detailed information here.

Tuition fees for second degree studies for all students
All students will be required to pay tuition fees for their second degree studies starting in the winter semester 2017/18, too. You can find more detailed information here.
Once a year, the University of Konstanz grants exemptions to a limited number of particulary gifted interantional degree-seeking students in accordance with the Begabtenbefreiuungssatzung (statutes governing the exemptions of gifted students). You can find more detailed information here.

Application and application documents

This study programme has admission restrictions.

An application is possible during the following period: 27.05. - 15.7. (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

You will find an overview of the required application documents in your application for admission, which you will receive at the end of your online application.

Application Guide
The PocketGuide Application 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.