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What will I learn?

The MSc Econometrics, Operations Research and Actuarial Studies(EORAS) uses mathematical and statistical models to analyse problems in business, economics, finance, insurance, and related areas. We address questions such as: How will future employment ratios develop in Europe? How much influence will petrol prices have on car usage? What is the minimal route length to deliver large amounts of parcels? How to calculate a fair premium for a new insurance product? These questions have in common that they use mathematical modelling and data science in a decision-making process. You will learn how to construct appropriate models, to apply these models with real-life data and (statistical) software, and to design and implement computer algorithms to evaluate the decisions. Importantly, you also learn how to give proper (economic) interpretations of the outcomes of the analysis.

The MSc EORAS in Groningen has three specialized profiles: Econometrics, Operations Research and Actuarial Studies.

Job prospects

Graduates of the MSc EORAS are generally very successful in finding a job. The three profiles have a broad scope and are highly valued by employers.

As a graduate, you typically work at banks, insurance companies, logistics firms, central banks, pension funds, consultancy firms, the government, or supervisory authorities, to name a few. Both the public and the private sector offer interesting job perspectives. Finally, you could start a career as a researcher in academia or at research institutes.

Which department am I in?

Faculty of Behavioural and Social Sciences

Study options

Full Time (12 Months)

Tuition fees
€15,000.00 (12,11,632) per year
Application deadline

Expected June 2023

More details

Start date

Expected September 2022

Venue

University of Groningen

Broerstraat 5,

Groningen,

9712 CP, Netherlands

Entry requirements

For students from United States

Applicants must have Bachelor's degree. Additional requirements English: A VWO diploma or a subject certificate for VWO English (mark 6 or higher), minimum requirement of TOEFL iBT 90 (with a minimum of 21 on all items), or IELTS 6.5 (with a minimum of 6 on all items). Language Centre English Test (LCET) level C1 (B2 for no more than two components). Cambridge C1 Advanced or C2 Proficiency with a minimum score of 180.

For international students

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.

Certified competences: A GMAT/GRE test is required from all candidates who obtained their bachelor's degree from a university in a non-EU/EEA country.

IELTS Academic overall score 6.5 (Speaking 6, Writing 6.5); TOEFL internet-based overall score 90 (Speaking 20, Writing 24); C1 Advanced, C2 Proficiency (with minimum score 180); University of Groningen Language Centre Test (Speaking B2, Writing C1).

ETS is offering the TOEFL tests as an online option to take from home worldwide.

*There may be different IELTS requirements depending on your chosen course.

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