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?

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locatieGroningen
diplomaMSc
typeregulier, 60 EC
start1 februari, 1 september
taalvolledig English
opleidingsduur12 maanden voltijd
accreditatiesNVAO
croho-code60646
numerus fixusnee
honoursnee

**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, 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. In the MSc EORAS programme, 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:

1) Econometrics, which aims at quantifying causal relations among economic variables using statistical models. The models are used for forecasting purposes, for supporting policy decisions and are applied in fields such as finance, fintech, government, and marketing.

2) Operations Research, which uses mathematical and probabilistic models to solve optimization and decision-making problems, for example in business, consultancy, logistics, and operation management.

3) Actuarial Studies, which focuses on mathematical models for risk management in the financial sector, consisting of insurance companies, pension funds, banks, hedge funds, and institutional investors.

Waarom aan de RUG?

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

Studieprogramma

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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.
periode
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

specialisaties

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



About 95% of our students combine the writing of their MSc EORAS thesis with an internship at a company or a (semi-)public institute such as the Dutch Central Bank. Often, these students move to the city of their internship for the duration of the internship.In case of an internship in the West of the Netherlands (known as the “Randstad”), communication between student and thesis supervisor often takes place via e.g. Skype. Many students are offered a job at the company where they have done their internship. However, it is also possible to write an MSc thesis without doing an internship, which is an attractive option for research-oriented students who wish to consider the option of doing a PhD after their MSc EORAS.

specialisatie Double Degree Master China and the World Economy

Are you interested in an international career in or involving China? Study in Shanghai after your FEB Master and gain first-hand knowledge and experience of China and the economy, language and culture

If you wish to embark on a career as a global economist or business consultant, you will need to have knowledge of the economic and monetary policies and political economics of leading nations and to be able to recognise trends in the world economy.This double degree master is structured in two parts. During year one, you will study either the MSc Accountancy & Controlling, MSc Econometrics Operations Research and Actuarial Studies, MSc Economic Development and Globalization (formerly known as MSc International Economics and Business), MSc Economics, MSc Finance, MSc International Business and Management, MSc International Financial Management or MSc Marketing programme in Groningen. Year two is spent at Fudan University in Shanghai where you study themes relating to the economic and business strategies, theories and practices of China.The core content of the programme reflects the increasing globalisation and evolution taking place within organisations and in the field of global economics. You can also attend a major international series of cutting-edge business and finance lectures.This is a unique opportunity to gain a global perspective on world economics and graduate with two internationally recognised Master's degrees.

Onderwijs

taal van onderwijs100% en
avondonderwijsn.v.t.
afstandsonderwijsn.v.t.
onderwijsvormen
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

startmomenten

1 februari 2021

aanmelding deadline : 15 oktober 2020
collegegeld nog niet bekend

1 september 2020

aanmelding deadline : 1 juni 2020
wettelijk tarief : € 2143 (€1072 in het eerste jaar)
instellingstarief : € 14900
niet-EU/EER studenten : € 15000

1 september 2021

aanmelding deadline : 1 juni 2021
collegegeld nog niet bekend

toelatingseisen

vooropleiding
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. For more information, please visit: https://www.rug.nl/feb/apply-msc.

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

estimated monthly costs

bron: Nibud
bedragkostenpost
303kamerhuur in Groningenrond het landelijk gemiddelde
22internet+tv
152boodschappen/kostgeld
32telefoon
117verzekeringen
172collegegeldop basis van € 2060 per jaar
80studieboeken en -spullen
29drinken/snoep/snacks
77uiterlijkkleding, kapper, schoenen
30contributies/abonnementen
132vrije tijdstappen, uit eten, vakantie
42vervoernaast de OV-kaart
45overig

€ 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

studentaantallen

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

studievereniging

VESTING
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.
EBF
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

studentoordelen

bron: Nationale Studenten Enquete
deze
opleiding
landelijk
algemeen oordeel4.24.2
inhoud4.14.1
docenten4.14.1
studiefaciliteiten3.93.9
studielast3.63.6
studiebegeleiding3.43.4
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 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.

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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Contact

Dr. (nicky) van Foreest

Programme coordinator

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Meer informatie?
Bezoek de website van deze opleiding.

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