**Top rated programme and best MSc EORAS in the Netherlands - Higher Education Guide Masters 2019**
The MSc EORAS programme uses mathematical and statistical models to analyse problems in business consultancy, economics, finance, insurance, and related areas. In this program, 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 post parcels? How to estimate the financial risks of a new insurance product? The central aspect of all these questions is to support a decision-making process with quantitative models and data. In the MSc EORAS programme, you will learn how to make relevant models, design and implement computer algorithms to carry out extensive computations. You use societal and business context to interpret and assess the results.
The MSc EORAS in Groningen is split into three specialized profiles:
1) Econometrics, which aims at quantifying causal relations among economic variables. The models are used for forecasting and to support policy decisions.
2) Operations Research, which uses mathematical and probabilistic models to solve optimization and decision-making problems, for example in business consultancy and logistics.
3) Actuarial Studies, which focuses on mathematical models for risk management in the financial sector, such as insurance companies, pension funds, banks.
Once you have chosen a profile, you are encouraged to also take courses of the other profiles, because data assembly, optimization, and risk evaluation form the essential elements for any successful decision process. In other words, you should gain knowledge about the topics taught in the three profiles. The skill set you develop is in high demand in a world that depends more and more on computer support and quantitative analysis. Graduates of the MSc EORAS are generally very successful in finding a job.