Econometrics, Operations Research and Actuarial Studies

Rijksuniversiteit Groningen

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Deze opleiding

!Deze opleiding communiceert alleen in het Engels.
We tonen daarom de Engelstalige opleidingsinformatie.
Would you like to learn how quantitative analysis can support and improve decision making? Then the MSc in Econometrics, Operations Research and Actuarial Studies (EORAS) is the right master for you.

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typeregulier, 60 EC
start1 februari, 1 september
taalvolledig English
opleidingsduur12 maanden voltijd
numerus fixusnee

**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.

Waarom aan de RUG?

The programme has three profiles to choose from and is attractive for research-oriented students. The emphasis is on the application of modeling to practical problems and how to extract useful information from available economic data. Besides, it is an internationally accredited programme, ensuring a high quality education that meets both the AACSB and EQUIS standards, which only one percent of universities reach worldwide.


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The programme in Econometrics, Operations Research and Actuarial Studies (EORAS) offers three distinct profiles to choose from. This allows you to benefit from the combination of three profiles within the same programme. Class sizes are relatively small, ensuring interaction between students and lecturers.
Electives MSc EORAS
EC | Econometric Theory and Methods
AS | Dependence & Extremes in Risk Management
Master's Thesis EORAS afstuderen
OR | Stochastic Programming
OR | Combinatorial Optimization
AS | Models for Short Term Risk Management
Electives (subject to approval)
EC | Econometric Inference
AS | Asset and Liability Management, OR: Banking, Insurance and Risk Management keuzevak
OR | Analysis of Complex Systems, OR: Supply Chain Optimization keuzevak
EC | Applied Macroeconometrics, OR: Applied Microeconometrics keuzevak


profiel Actuarial Studies

Actuarial Studies focuses on mathematical models for risk management in the financial sector (insurance companies, pension funds, banks).

Traditionally, actuarial science was focused on calculating insurance premiums for insurance and pensions. Nowadays the scope of actuarial studies is much broader and includes the implementation of supervisory requirements for financial sector (Basel, Solvency), modeling mortality and longevity risks and modeling extreme events (such as stock market crashes).

profiel Econometrics

Econometrics aims at quantifying causal relations among economic variables. The resulting econometric models are used for forecasting and to make policy decisions.

Examples of relevant questions: 'How will future employment ratios develop in Europe'? or 'What is the influence of high petrol prices on the expected number of train passengers?'

Econometrics has applications in many fields, such as finance, marketing and consumer behaviour, industrial organization and macroeconomics.

profiel Operations Research

Operations Research uses mathematical models to solve complex optimization and decision-making problems, for example in logistics and planning.

Examples of subject areas: freight routes, railway timetables, stock control, supply chain management, production planning, service and school timetables, location systems, queue management, and financial decisions.

specialisatie Master Internship

Opportunity for an internship between February and June. You will be rewarded 15 ECTS on top of your programme. Your thesis will be postponed to the first semester of your next study year.

specialisatie Double Degree Master China and the World Economy

2 year Double Degree programme in Groningen and Fudan University Shanghai


taal van onderwijs100% en
case study, literature study, oral presentation, computer exercise, research, research project, research proposal, tutorial, lecture, working group, group assignment, group discussion, individual assignment, practicum, self study, project
study guidance
Studying means working independently and planning your studies yourself. But successful studying depends on many different factors, so it is understandable that you may need to consult an impartial expert to discuss your study progress and personal circumstances that influence your studies. The faculty's study advisors are available to help you. Obviously, everything discussed with the study advisor remains confidential.

Toelating en kosten


1 februari 2020

aanmelding deadline : 15 oktober 2019
collegegeld nog niet bekend

1 september 2019

aanmelding deadline : 1 juni 2019
wettelijk tarief : € 2083 (€1042 in het eerste jaar)
instellingstarief : € 14650
niet-EU/EER studenten : € 14650

1 september 2020

aanmelding deadline : 1 juni 2020
collegegeld nog niet bekend


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:

If you have any questions concerning admission, please contact our Admissions Office:

studie kosten
bron: Rijksuniversiteit Groningen
bedrag kostenpost
€ 8000levensonderhoudper jaar
inbegrepen in collegegeld
registration fee

estimated monthly costs

bron: Nibud
303kamerhuur in Groningenrond het landelijk gemiddelde
172collegegeldop basis van € 2060 per jaar
80studieboeken en -spullen
77uiterlijkkleding, kapper, schoenen
132vrije tijdstappen, uit eten, vakantie
42vervoernaast de OV-kaart

€ 1171totale maandelijkse uitgaven landelijk gemiddelde is € 1181
Hiernaast staat een overzicht van de gemiddelde kosten die een uitwonende student heeft. Niet iedere student heeft met iedere kostenpost te maken. Het totaalgemiddelde is dus niet gelijk aan de optelsom van alle kostenposten.

Bekijk ook de uitgebreide toelichting: wat kost studeren?

Studenten en studentenleven


70 studenten volgen deze opleiding
24% daarvan is vrouw
? eerstejaars gestart in 2017
?% daarvan is vrouw
29331 studenten aan de Rijksuniversiteit Groningen
51% daarvan is vrouw
bron: StudieData


VESTING is the association for students of Econometrics, Operations Research and Actuarial studies.
Her purpose is to tighten the gap between the abstract theory and the practical use regarding Econometrics and Operations Research. Also, VESTING wants to ameliorate the contact between her members and offer them the possibility to deploy themselves on other aspects than their studies. This is achieved by the organisation of formal as well as informal activities.
The Economics and Business Faculty association (EBF) is the faculty association for all students studying at the faculty of Economics and Business of the University of Groningen.
The EBF is your partner during your time in Groningen by organising events that support you with your studies and help you prepare for your future career.

Op kamers in Groningen

55216studenten studerend
31914studenten woonachtig   
€ 303gemiddelde kamerprijs
kamer betaalbaarheid
21 m2gemiddelde kameroppervlak
kamer beschikbaarheid
bron: Nationale Studenten Enquête

aan het woord: studenten en docenten

Lieke Kools
"The most surprising topics appeared, from thinking up a system for libraries to share their books and save money to how a family in Tanzania can best make use of their land given uncertain weather conditions."

“What I enjoyed most about the programme is its diversity. As we dove deeper into mathematical theory, the range of applications kept increasing. The most surprising topics appeared, from thinking up a system for libraries to share their books and save money to how a family in Tanzania can best make use of their land given uncertain weather conditions...
I set out to find the optimal placement for distributed generators of renewable energy. This is a difficult task as the grid should be balanced at all times, but both what consumers demand and what the generators supply is surrounded by uncertainty. I found myself reading up on physics and control theory, and ended up analyzing and trying to adapt an existing optimization algorithm in order to find more accurate solutions in less time.”

lees verder ...

Feiten en / studie in cijfers


bron: Nationale Studenten Enquete
algemeen oordeel4.24.2
De Nationale Studenten Enquete is het grootschalige onderzoek van de overheid onder studenten in Nederland naar de kwaliteit van opleidingen aan hogescholen en universiteiten.
In 2017 hebben meer dan 280.000 studenten hun oordeel gegeven over hun studie en instelling.

Econometrics, Operations Research and Actuarial Studies aan de Rijksuniversiteit Groningen is beoordeeld door 17 respondenten. Gemiddeld waarderen ze de opleiding met 4.2 uit 5.

Na de studie

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Beroepsperspectief / arbeidsmarkt

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 can find work at banks, insurers, logistics companies, central banks, pension funds, consultancy firms, government, supervisory authorities, and competition 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. 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 Career Services
To support you in developing your career and strengthen your employability skills, our FEB Career Services empowers you to achieve lifelong success through various career services during your studies. Check: FEB Career Services.

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