What will I learn?

Apply and develop advanced new mathematical or statistical tools to tackle a wide range of financial and actuarial challenges, ranging from price setting to risk management and policy advice.

Program and courses

Become a highly qualified specialist in the area of quantitative finance and insurance, a field which uses a large array of sophisticated mathematical and statistical models for various applications concerning risk management in financial institutions.

Being fully trained in generic methods for responsible risk management in the financial and insurance sector, gives you a competitive advantage on the job market.

Customize your program with many electives.

Ideal stepstone to become a fully qualified actuary: after graduation you can obtain several exemptions in the part-time Executive master’s in actuarial science offered by the Dutch Actuarial Institute.

In the first semester of the regular program, you can also apply for the following advanced programs:

The Extended Master, which adds a half year traineeship to your regular master’s program.

The QTEM network program, which adds an additional year to the program which you spend at a QTEM partner university and corporate partner.

Typical courses are:

Valuation and Risk Management

Asset Liability Management

Empirical Finance

Risk and Regulation

Career prospects

The career prospects for students of this program are excellent. Alumni of the Master's program in Quantitative Finance and Actuarial Science work, for example, as risk management consultants, actuaries, and investment analysts at banks, insurance companies, pension funds, consulting agencies, trading firms, and government bodies.

Which department am I in?

School of Economics and Management

Study options

Full Time (1 Year)

Tuition fees
€14,600.00 (US$ 16,484) per year
Start date

Expected August 2022

Venue

Tilburg University

Warandelaan 2,

TILBURG,

Noord-Brabant,

5037, Netherlands

Entry requirements

For students from United States

Other English Language Requirements: TOEFL with a minimum score of 575 (paper-based) / 233 (computer-based).

For international students

To be eligible for the Master’s program in Quantitative Finance and Actuarial Science, you must have:

A Bachelor's degree in Econometrics or a similar qualification from a university recognized by the Admissions Board.
A solid academic background in mathematics, statistics and economics.

The GRE test is a compulsory qualitative admission requirement for this program

The minimum GRE score for applicants is 160 on the quantitative part of the test.

English language proficiency:

You need to demonstrate proficiency in English by submitting the results of either:

TOEFL (internet based) with a minimum score of 90 overall and a minimum score of 22 on individual parts of the test.

Academic IELTS with a minimum score of 6.5 overall and a minimum score of 6.0 on individual parts of the test.

Cambridge English test results: C1 advanced (formerly CAE) or C2 proficiency (formerly CPE). For both C1 and C2, we accept a score of A, B or C.

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