Econometrics, Operations Research and Actuarial Studies (MSc)

University of Groningen

For more information about Econometrics, Operations Research and Actuarial Studies at University of Groningen, please visit the webpage using the button above.

The award
MSc

How long you will study
12 months

Domestic course fees
EUR 2060

How you will study
full-time

Course starts
February, September

International course fees
EUR 14350

All study options

About Econometrics, Operations Research and Actuarial Studies at University of Groningen

Do you like analysing complicated economic questions? Are you interested in applying your ICT-skills to answer such questions? Then this programme with three profiles is the right one for you.

**Top rated programme and best MSc EORAS in theNetherlands - HigherEducation Guide Masters 2017**

**Best MSc Econometrics and Operations Research andActuarial Studies in the Netherlands - Elsevier2016**

The programme in Econometrics, Operations Research and ActuarialStudies uses mathematical models to analyse problems in economics,finance and related areas. Relevant questions are: How will futureemployment ratios develop in Europe? What is the influence of highpetrol prices on the expected number of train passengers? How candelivery routes to customers be improved? How can financial risksbe quantified?
By teaching you the basic skills of mathematical modelling, thisprogramme provides you with a toolbox to solve economic andfinancial questions. You will also learn to give an economicinterpretation to quantitative results. You can choose betweenthree profiles:

1) Econometrics aims at quantifying causal relations amongeconomic variables. The models are used for forecasting and to makepolicy decisions.

2) Operations Research uses mathematical models to solve complexoptimisation and decision-making problems, for example inlogistics.

3) Actuarial Studies focuses on mathematical models for riskmanagement in the financial sector (insurance companies, pensionfunds, banks).

Do you like analysing complicated economic questions? Are you interested in applying your ICT-skills to answer such questions? Then this programme with three profiles is the right one for you.

**Top rated programme and best MSc EORAS in the Netherlands - HigherEducation Guide Masters 2017**

**Best MSc Econometrics and OperationsResearch and Actuarial Studies in the Netherlands - Elsevier2016**

The programme in Econometrics, Operations Research and ActuarialStudies uses mathematical models to analyse problems in economics,finance and related areas. Relevant questions are: How will futureemployment ratios develop in Europe? What is the influence of highpetrol prices on the expected number of train passengers? How candelivery routes to customers be improved? How can financial risksbe quantified?


By teaching you the basic skills of mathematical modelling, thisprogramme provides you with a toolbox to solve economic andfinancial questions. You will also learn to give an economicinterpretation to quantitative results. You can choose betweenthree profiles:

1) Econometrics aims at quantifying causal relations amongeconomic variables. The models are used for forecasting and to makepolicy decisions.

2) Operations Research uses mathematical models to solve complexoptimisation and decision-making problems, for example inlogistics.

3) Actuarial Studies focuses on mathematical models for riskmanagement in the financial sector (insurance companies, pensionfunds, banks).

After your studies

Job prospects

Graduates of the MSc EORAS are generally very successful infinding a job. The three profiles have a broad scope and are highlyvalued by employers.

As a graduate, you can find work at banks, insurers, logisticscompanies, central banks, pension funds, consultancy firms,government, supervisory authorities, and competition authorities,to name a few. Both the public and the private sector offerinteresting job perspectives. Finally, you could start a career as a researcher in academia or at research institutes.

Because all our programmes are EQUIS and AACSB accredited, a standard which only one percent of universities reach worldwide,your degree will be highly valued on the labour market.

FEB Careers Company:

To support you in developing your career and strengthen your employability skills, our FEB Careers Company empowers you to achieve lifelong success through various career services during your studies. Check: http://www.rug.nl/feb/career-services/

Graduates of the MSc EORAS are generally very successful infinding a job. The three profiles have a broad scope and are highlyvalued by employers.

As a graduate, you can find work at banks, insurers, logisticscompanies, central banks, pension funds, consultancy firms,government, supervisory authorities, and competition authorities,to name a few. Both the public and the private sector offerinteresting job perspectives. Finally, you could start a career as a researcher in academia or at research institutes.

Because all our programmes are EQUIS and AACSB accredited, a standard which only one percent of universities reach worldwide,your degree will be highly valued on the labour market.


FEB Careers Company
To support you in developing your career and strengthen your employability skills, our FEB Careers Company empowers you to achieve lifelong success through various career services during your studies. Check: FEB CareerServices

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Study options for this course

Notes about fees for this course

EU/EEA

€ 2060 per year

non-EU/EEA

€ 14350 per year

Entry requirements

Bachelor-Master connections

Study programmeOrganizationTransition
Econometrics and Operations ResearchAll Research universitiesNo additional requirements

Admission requirements

Specific requirementsMore information
certified competences

GMAT/GRE; for specific scores (and exemptions), see http://www.rug.nl/(...)ication/intl-route/1

grade list

A certified grade list(s) is considered in the evaluation.

language test

TOEFL internet based (IBT): 90, IELTS Academic: 6.5; for specific scores, see: http://www.rug.nl/(...)ication/intl-route/1

previous education

To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in the field of Econometrics and Operations Research.

To assess whether your educational/academic background meets the specific programme requirements, we will consider the level and curriculum of your previous studies, and the grades that you have obtained.

For more information, see: http://www.rug.nl/(...)ication/intl-route/1

If you have any questions concerning admission, please contact our Admissions Office: http://www.rug.nl/(...)rt/admissions-office

Admission requirements

Specific requirementsMore information
previous education

To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in the field of Econometrics and Operations Research.

To assess whether your educational/academic background meets the specific programme requirements, we will consider the level and curriculum of your previous studies, and the grades that you have obtained.

For more information, see: http://www.rug.nl/(...)plication/nl-route/1

If you have any questions concerning admission, please contact our Admissions Office: http://www.rug.nl/(...)rt/admissions-office

Language requirements

ExamMinimum score
IELTS overall band6.5
IELTS writing5.5
IELTS speaking6
TOEFL paper based575
TOEFL internet based90

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