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What will I learn?

This programme brings together the areas of econometrics and operations research. Econometrics provides support to economic decisions using quantitative data and techniques from mathematics, statistics and computer science. And Operations Research uses advanced mathematical tools to solve complex problems and optimise processes, such as transport logistics, routing and scheduling.

Organisations today face global competition, economic crises and complex decision-making processes. Therefore, calls are growing ever louder for economists who have the advanced technical training and quantitative skills to solve real problems. This programme gives you a unique profile to respond to these needs in government, finance, consulting and more.

Actuarial Science

Floods, earthquakes, diseases, car accidents - the world is a risky place. In most cases, it’s hard to estimate how risky the world really is because we don’t know exactly when an area will be flooded or when we’ll need a doctor, for example. And yet in the Actuarial Sciences specialisation, you'll learn to predict just these types of events:

  • learn to estimate risks and calculate the financial consequences
  • study market demand and manage return on investment, both in the short and long term
  • complete some of the compulsory study material you’ll need to pursue a Dutch actuarial qualification
  • be exempted from part of the actuarial qualification programme offered by the Dutch Actuarial Institute, and from part of the content of the German Deutsche Aktuarvereinigung e.V.

What you’ll actually do:

  • study the financial models that form the basis of insurance and pensions
  • learn to communicate your opinions and solutions professionally and clearly in order to persuade others
  • break down financial problems into smaller components in order to solve them
  • use a two-sided approach to look at problems, from both an asset and liability point of view
  • demonstrate financial expertise in the pension and insurance sectors

Your future

Most graduates of this track go on to become qualified actuaries. There is a huge demand in this industry. ABP and AZL pension funds actually approached Maastricht University and asked us to offer this track to meet the current shortage of actuaries. However, you can also apply for many roles in banking or insurance that requires a similar skillset. Econometricians acquire techniques in investigating large sets of data, which can be used in many industries.

Many banks, pension funds and insurance companies approach students regarding jobs before they've finished studying. Moreover, some of our student associations have contacts with companies, or are even sponsored by them.

Which department am I in?

School of Business and Economics

Study options

Full Time (1 Year)

Tuition fees
€13,800.00 (11,27,451) per year
Statutory fee for this programme is € 2,083
Start date

Expected September 2022

Venue

Maastricht University

Minderbroedersberg 4-6,

MAASTRICHT,

Limburg,

6211, Netherlands

Entry requirements

For students from United States

Applicants must have eligible for admission if you have a bachelor's degree from a relevant academic field, for example, philosophy or sociology. English language requirements: IELTS (6.5); TOEFL Paper-based test (575); TOEFL Internet test (90); TOEIC listening and reading (720) and speaking and writing (310); Cambridge [Advanced (CAE) Grade C (scale 180-184), First Certificate in English (FCE) Grade A (scale 180-184), First Certificate in English (FCE) Grade B (scale 176-179)].

For international students

Applicants with an international bachelor’s degree

Previous education:

  • providing proof of having obtained a University Bachelor’s Degree in Econometrics; or
  • providing proof, including a transcript of exam subjects and grades, of a University Degree programme in which a majority of
  • credits are gained by courses in Mathematics and Statistics; or
  • providing proof of having obtained a University Bachelor’s Degree in a Business, Economics, Liberal Arts or an Engineering
  • programme and providing proof of a satisfactory GMAT test score or GRE test score.
  • IELTS exam: minimum overall score of 6.5
  • TOEFL exam, paper-based: minimum overall score of 575
  • TOEFL exam, computer-based: minimum overall score of 233
  • TOEFL exam, internet-based: minimum overall score of 90
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