Management Science and Mathematics B.Sc.

 

Key Info

Basic Information

Degree:
Bachelor of Science
Start of Studies:
Winter Semester
Standard Period of Studies:
6 semesters
ECTS Credits:
180Mehr Informationen

What does that mean?

ECTS are credit points that measure the workload of one's studies.

Language:
German

Admission Requirements

  • Abitur or equivalent HZB Mehr Informationen

    What does that mean?

    General higher education entrance qualification (Abitur), subject specific university entrance qualification, or an equally recognized university entrance qualification (HZB)

  • Proficiency in German --- Mehr Informationen ---

    What does that mean?

    You must provide documentation of your language skills for the language of instruction at the time of enrollment. The exam regulations stipulate the relevant requirements.

Admission to First Semester

Open
No NC

Admission to Higher Semesters

Open
No NC

Enrollment Requirements

  • SelfAssessment --- Mehr Informationen ---

    SelfAssessment

    RWTH Aachen self assessments are online advising processes for deciding what to study. Participation in one (rarely two) of these self assessments is mandatory. You can find which self assessment you need to take for this subject in the course of study description under "Prerequisites". You will need to show proof of participation in a subject specific self assessment in order to enroll (not to apply). You can print out the participation certificate yourself.

Dates and Deadlines

 

Management scientists with a strong background in mathematics are able to solve complex economic problems using mathematical methods, and they are increasingly doing so using state-of-the-art data-based algorithmic procedures. Tasks include, for example, analysis and optimization of operational processes, intelligent warehousing and location planning, reduction of resource consumption, opportunity and risk assessment, and forecasting in the insurance and financial sectors.

These tasks require creative and innovative solutions.

The interdisciplinary Bachelor’s program at RWTH equips students with this special expertise by combining the study of mathematical structures and techniques with a critical consideration of economic problems and models. The focus is on the analysis and solution of mathematical and economic problems on the one hand and their mathematical modeling on the other. In addition to traditional methods from applied mathematics and economics, innovative computer-aided methods are applied. Special emphasis is placed on the areas of optimization/management science and statistics/econometrics.

In contrast to the more application-oriented courses offered by other universities, some of which are geared to specific industries, the focus of the RWTH program is on theoretical aspects of mathematical modeling, methodological aspects, and a consistent focus on mathematical fundamentals. At the same time, application scenarios are continually taken into consideration. Accordingly, the degree program is based on three pillars:

  • Mathematics
  • Economics, and
  • Business Mathematics

Fixed components of the program include computer-based applications in the areas of optimization and statistics, including a statistics lab course.

A corporate internship can be integrated into the course via the Practical elective module. The department, which has numerous contacts with business and industry, supports students in the search for a suitable host company.

 

Degree Content

In the first three semesters, the curriculum provides for basic studies in mathematics, economics and computer science. From the fourth semester onwards, students have the opportunity to choose modules of their own interest from the mandatory elective area and thus develop an individual profile in management science and mathematics. An essential component is the final Bachelor's thesis, which represents the student’s first independent work on a topic in business mathematics. The course is rounded off by modules in the areas of Basic Skills and Data Literacy.

Instructors, tutors and departmental advisors help students to master the challenges of the degree program. Mentors support them in finding and implementing solutions to problems in the course of their studies.

Curriculum
Fundamentals in Mathematics Introduction to Management Science and Mathematics Fundamentals in
Economics
Programming, Algorithms, Data Literacy
Specialization in Management Science and Mathematics
Advanced Mathematics Specialization in Management Science and Mathematics Advanced
Economics
Bachelor's thesis and Basic Skills components

Further information in German is available at the website of the Management Science and Mathematics degree program .

 

Prerequisites

Prerequisite for Enrollment

Participation in the RWTH Mathematics/Natural Sciences and Economics self-assessments.

 

Career Prospects

Business mathematicians are able to analyze and solve problems with the help of mathematical and information technology methods, always keeping economic requirements in mind. Graduates of this interdisciplinary program have a wide range of career opportunities open to them.

Business economics graduates are sought after in the finance, insurance, and IT sectors as well as in management consulting. In addition, graduates are active in all corporate functions that require analytical thinking skills and use mathematical methods and algorithms to support decision-making processes under uncertainty. Business economists are active in controlling and corporate management; typical tasks include optimizing production or logistics processes and running statistical analyses of large data sets, for example in opinion and market research.

Due to their expertise in quantitative methods and their interdisciplinary education, RWTH graduates have excellent job prospects. Business, industry, and public administration are increasingly looking for highly qualified specialists with core competencies in mathematics and business and expertise in statistics and optimization.

 

Master's Degree Prospects

Graduates of the Business Mathematics Bachelor’s program have the opportunity to complete an English-taught Master's program in Management Science and Mathematics. The Master’s program will be offered for the first time in the 2024/25 winter semester.

Graduates also have the opportunity to enroll in the Data Science master's program. Graduates who are willing to complete a number of additional requirements may also pursue the Master's programs in Business Administration and Mathematics.

Graduates from the University’s research-oriented Master's programs are equipped to enter a varied range of careers, including doctoral study.

 

Examination Regulations

The Subject-Specific Examination Regulations (de) govern legally binding study objectives, study requirements, study procedures, and examinations. In its appendix, the document contains a description of the modules of the degree program.

Regulations that apply for all Bachelor and Master courses of study as well as detailed information about the necessary documentation of required language skills can be found in RWTH’s Comprehensive Examination Regulations.

 

Faculty

The Bachelor course of study in Business Mathematics is offered by the Faculty of Mathematics, Computer Science and Natural Sciences in collaboration with the School of Business and Economics.