Business Mathematics
Numbers, data, facts: explore the world of business mathematically
Does Business Mathematics suit me?
Studying Business Mathematics
Business mathematics as a field of study involves mathematical models and techniques that are used to answer economic questions: how can mathematical calculations be used to assess credit risks, analyze price trends, or develop competitive strategies? This list of questions could go on and on, because, without mathematics, it would hardly be possible for businesses to make well-founded decisions.
If you’re interested in an interdisciplinary degree program with a broad field of application, you should consider studying business mathematics: this field of study is based on mathematical and economic principles, such as analysis, algebra, business administration, and economics. Computer science, statistics, and software development are also usually important elements.
Among other things, you’ll learn about tools and approaches to explain economic relationships, create forecasts, and support economic decision making. You’ll also gain knowledge on how economic processes are analyzed, modeled, and optimized.
A business mathematics degree program includes some exciting sub-areas, such as game theory, econometrics , financial, and actuarial mathematics. In this field of study, there are also many open topics in the field of digitalization. In addition to business mathematics, typical degree programs are called financial and actuarial mathematics, business mathematics and statistics, and actuarial science.
Personal requirements | Business Mathematics
- Interest in mathematics and economics
- Enjoy statistics
- Analytical and logical way of thinking
- Problem-solving ability
- Interdisciplinary thinking
Study Choice Test
Find out which of the 143 fields of study suit you best! All you need is 7-15 minutes to answer 58 short questions - free of charge and without registration!
Take the testTypical course content | Business Mathematics
- Mathematics analysis
- Micro- and macroeconomics
- Finance and accounting
- Operations research
- Probability theory and stochastics
- Fundamentals of corporate management
- Data analysis and data mining
- Applied financial mathematics
- Portfolio management and derivatives
- Programming in business mathematics
Career prospects | Business Mathematics
As a business mathematician, you’ll apply mathematical concepts and techniques to analyze, evaluate, and optimize business processes and systems. As different areas of a company will value your expertise, many doors will open for you: from analyzing trends for marketing to strategy consulting for management.
After your studies, you’ll be qualified to work in various sectors, depending on your interests, for example, in banks and financial institutions, insurance companies, or industrial firms. Your skills will also be in demand in the public sector and in business consulting.
- Actuary
- Business Analyst
- Business Mathematician
- Data Scientist
- Mathematician
- Risk Manager
- Statistician
Compare your options
Unsure of what to choose? At studyamo you can compare all fields of study directly to get a clear view of which one best matches your expectations.