Master of Science Mathematics for Sustainability, Economics, and Data Science

  • study modelMaster
    Diploma
  • start of studiesWinter and Summer semester
  • standard4 Semesters
  • admission requirementsAdmission requirements
  • place of studyFriedberg
  • Costs/SpecificsSemester fee

THM-Factsheet for the Master's degree in Mathematics for Sustainability, Economics, and Data Science
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In an increasingly complex and dynamic world, mathematics plays a central role in sustainable development. As an interface between theoretical modeling and practical application, it enables us to understand complex relationships and make data-driven decisions.

Concrete application areas include, for example, modeling climate risks in credit portfolios or analyzing default probabilities using logistic regression and machine learning. The combination of mathematical methods and artificial intelligence opens up new possibilities for quantifying sustainability risks and integrating them into existing risk models.

This combination of scientific depth and practical relevance is also reflected in this master’s program, which specifically prepares students for the challenges at the intersection of sustainability, business, and data science—whether for a career in business or an academic path leading to a Ph.D.


The examination regulations set forth the general framework for examinations at our university. A course catalog provides an overview of the various modules that must be taken as part of a degree program.

You can download the examination regulations and the course catalog here:

General Provisions  - Examination Regulations - Module Manual


The program combines academic depth with a strong practical focus. Required modules such as measure and integration theory, time series analysis, and management skills form the foundation, supplemented by elective courses from the specialization tracks. You decide whether to specialize or maintain a broad focus. This degree also opens the door to pursuing a Ph.D. Here, you will acquire the key competencies to actively shape the future.

The list of required elective modules includes the following modules, among others:

MAM321 Mathematics for Sustainable Finance I
MAM322 Mathematics for Sustainable Finance II
MAM323 Sustainable Credit Risk Modelling
MAM324 Computational Finance Project
MAM325 Advanced Computational Finance
MAM326 Advanced Topics in Financial Mathematics
MAM327 Non-Life Insurance Mathematics
MAM328 Special Topics of Insurance Mathematics
MAM329 Sustainable Risk Management
MAM341 Nonlinear and Stochastic Optimization
MAM346 Computational Methods in Statistics, Sustainable Operations Research, and Data Science
MAM347 (WK_2603) Applied Quantitative Methods (Simulation Project)
MAM361 Multivariate Data Analysis
MAM362 Data Science I
MAM363 Data Science II
MAM364 Advanced Deep Learning Approximation Theory
MAM365 Advanced Mathematical Applications of Quantum Computing
MAM366 (WK_2615) Machine Learning
MAM367 (WK_2616) Multi-Agent Systems
MAM368 (WK_2619) Knowledge-based Methods
MAM369 (WK_26xx) Advanced Analytics
MAM373 (WK_2626) Applied Natural Language Processing
MAM374 (WK_2628) Reinforcement Learning with Python
MAM375 (WK_2629) Explainable AI
MAM385 Partial Differential Equations
MAM386 Numerical Methods for Partial Differential Equations
MAM389 (WK_2604) Coding Theory and Cryptography
MAM398 Mathematics Project
MAM399 Specialization Module

In addition, any of the modules listed in the examinations regulations and course catalog under the course codes

  • Topics in Sustainable Modern Business Mathematics,
  • Topics in Sustainable Operations Research, Stochastics, and Quantitative Sustainable Management Support,
  • Topics in Mathematical Data Science and Business Informatics, and
  • Advanced general mathematical theories and specialization modules

can be used for individual specialization (see Appendix 2, No. 3).


With a Master’s degree in Mathematics for Sustainability, Economics, and Data Science, you will have excellent career prospects in fields such as finance, insurance, consulting, IT, and public institutions. Your skills in analysis and sustainable problem-solving qualify you for leadership roles in diverse, forward-looking industries.