Mathematics-Economics, M.Sc.

  • Application Deadline
  • 24 months
  • Tuition
    Tuition (Year)
  • English (take IELTS)
University rank #65 ,
Have you thought about how rates for a new mortgage loan should be fixed – with an interest-rate ceiling or as interest-only loans? In fact, it was mathematics–economics graduates who developed the model used for fixing the cost of such loans. All major companies face complex problems, and many turn to a mathematics–economist to solve them. The Mathematics-Economics course is offered by Aarhus University.


Mathematics–economists are experts in designing optimisation strategies, something that requires great theoretical insight into both economics and mathematics. As a student of mathematics–economics, you have the option of specialising in a subject within a broad area, including one of the areas of mathematics–economics in which Aarhus University is particularly strong: mathematical finance, economics, and operations research.

Specialisation and Study programme

The MSc in Mathematics–Economics is taught at the Department of Mathematics and the Department of Economics and Business. Students specialise through course activities and projects and through a thesis.

Students structure their own individual study programme in consultation with a lecturer. The programme is designed on the basis of each

individual student’s academic qualifications, interests, and subjects studied at BSc level. Read more about the different tracks over the page.

Student life

As a student on the programme, you are based at the Department of Mathematics and at the Department of Economics and Business Economics. You therefore have the unique advantage of benefiting from the facilities of both departments.

The Department of Mathematics has its own canteen, computer rooms, library, and study areas shared by students. As a Master’s student, you will be given your own desk in an office shared with other Master’s students. The department also has a number of student organisations such as Euler’s Friends, the Kalkulerbar or Friday bar, and the mathematics–economists association (the MØF) through which academic activities, study trips and social functions are organised.

The Department of Economics and Business Economics has nearly 600 study spaces, a large canteen, and state-of-the-art high-tech facilities to meet students’ needs.


Job prospects for mathematics–economics graduates are extremely positive, and career opportunities are many. A large proportion of our graduates find work in the private sector. Banks and insurance companies are the major workplaces, with many graduates working as problem-solvers in consultancy and telecommunications companies. Planning departments in large industrial or manufacturing companies are also a relevant job market.

“During my MSc studies I worked as a student teacher, which means that teaching now comes naturally to me. I’ve got used to being in front of a group and presenting material in a way they can easily understand. It’s been an enormous help in my present job. I also make great use of the academic skills I gained in my studies, such as an analytical way of thinking, a systematic working method and the ability to solve problems.”

Anders Høj Sørensen

MSc in Mathematics-Economics

Consultant, Trapeze Group Europe

Programme Structure

Tracks and Courses

The topics covered in the study programme depend on the track chosen by the student. There are three tracks on the programme: Economics, Mathematical Finance, and Operations Research.

  • Typical courses in Economics are (Advanced) Microeconomics, (Advanced) Macroeconomics, Economics of the Labour Market, Economics of the Welfare State, and Econometrics.
  • Courses in Finance are Hedging and Pricing of Derivatives, Credit Risk, Fixed Income Analysis, Stochastic Processes, and Advanced Financial Econometrics.
  • Courses in Operations Research are Mixed-integer Optimisation,

Semi-definite Optimisation, Multi-criteria Optimisation, Metaheuristics for Combinatorial Optimisation, Markov Decision Theory, and Simulation, Modelling and Analysis.

Detailed Programme Facts

  • Full-time duration 24 months
  • Study intensity Full-time
  • Credits
    120 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score: 6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Take IELTS test
  • Minimum required score: 560

    The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

  • Minimum required score: 83

    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

The following Bachelors degrees qualify students for admission to the Masters degree programme in Mathematics-Economics:

  • A Bachelor of Science degree in Mathematics-Economics from Aarhus University, the University of Southern Denmark or the University of Copenhagen.
  • A Bachelor of Science degree in Mathematics from Aarhus University with elective subjects in Economics and Business Management equalling a total of 60 ECTS credits. It is not possible to specialise in Financing with this combination.

The following other degrees can provide admission to the Masters degree programme in Mathematics-Economics:

  • A Bachelors degree amounting to at least 60 ECTS credits in Mathematics-Economics can qualify the student for admission.

Other qualifications can provide admission to the Masters degree programme, provided the university assesses that their level, extent and content correspond to the degrees mentioned above.

In connection with possible admission, further requirements can be stipulated regarding the composition of the degree programme.
It is a condition that the students language skills correspond to a B level in English.

Tuition Fee Per Year

  • EUR 13500 International


StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.