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Econometrics, Operations Research and Actuarial Studies MSc

Top rated programme and best MSc EORAS in the Netherlands - Higher Education Guide Masters 2019 

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.

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 specialised 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 optimisation 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, optimisation, 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.

Why study this programme in Groningen?

The programme has three profiles to choose from and is attractive for research-oriented students. The emphasis is on the application of modelling 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.

After your studies

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.


Visit the Econometrics, Operations Research and Actuarial Studies MSc page on the University of Groningen website for more details!

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