Masters Degrees in Econometrics, Netherlands

If you enjoy mathematics and statistics, and would like to apply this to challenging real economic and business problems, then this Master’s program is the right program for you!

Taught by some of Europe's pre-eminent academics, the program focuses on the mathematical and quantitative analysis of economic problems. Acquire the tools to apply mathematical and statistical methods to produce solutions to real-world economic and business challenges in everything from the labour market, capital investment and industrial organizations, to the strategic behaviour of firms and individual decision-making.

The program offers you:

•Excellent career perspectives
The Master’s program in Econometrics and Mathematical Economics belongs to the programs with the best career perspectives. Graduates are awarded an internationally-recognized Tilburg University Master of Science degree, and are qualified to pursue careers in a range of different organizations.

•Wider career perspectives than most comparable Master's programs because of the large pool of elective courses. This gives you the chance to broaden your knowledge in many areas, yet specialize if you wish.

•A degree with a specialization in Pensions, Aging and Retirement.

•The latest theories, techniques and applications in econometrics taught within a stimulating and intellectually-challenging academic environment, where you get the scope to develop and test your own mathematical and statistical tools.

•Teaching by leading international scholars from the world-renowned research institute CentER at Tilburg University.

•The best start to your future career. Our students go on to pursue successful careers in government, consultancy firms, large and small companies and the non-profit sector, as well as scientific careers in economics or business research.

Future jobs

Graduates of the Master's program in Econometrics and Mathematical Economics are awarded an internationally-recognized Tilburg University Master of Science degree, and are qualified to pursue careers in a range of different organizations, including:
•Government departments
•Consultancy firms
•Research Institutes
•Research departments of large companies
•Banks
•Insurance companies
•Pension funds

The Master’s program in Econometrics and Mathematical Economics belongs to the programs with the best career perspectives. Graduates easily find jobs, often before graduation, and they earn above average.

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The programme in Econometrics, Operations Research and Actuarial Studies aims at the description and analysis of problems in economics, management and related areas using mathematical models.

In this degree, you will acquire research skills and knowledge of the most important models used. In addition, you will gain the ability to transform the outcome of these models in relevant proposals for application. You can choose from three profiles:

1) Econometrics is particularly concerned with the interpretation of data. Econometrics has applications in fields like Financial Economics, Consumer Behaviour and Macroeconomics.

2) Operations Research deals with the design, analysis and implementation of mathematical models for a wide range of logistic and financial decision-making problems. Fields of study are time schedules for railway systems, the management of supply chains and asset-liability.

3) Actuarial Studies focuses on managing and pricing uncertainty, mainly in the context of insurance. The skills and knowledge you develop are valuable when dealing with subjects like investment strategy, social security and pensions.

Why in Groningen?

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.

Job perspectives

As a graduate, you can find work in finance, insurance, marketing or market research. You will be involved in market development, fund management, risk analysis or assessing the impact of advertising. The jobs offered to graduates by non-profit organizations involve the same type of work as those offered by commercial organizations. You can also find work with employer organizations, trade unions, consumer organizations and consultancy firms.

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.

Linking education to research and career preparation

Our education is strongly rooted in business practice and society. Also right from the start of your degree programme attention is paid to academic research and preprofessional development. Since an analytical and critical mind and problem-solving capabilities are important qualities in any career our students aspire.

In collaboration with external partners we conduct research projects on e.g banking, local government, customer insights, leadership, energy, healthy ageing and lean operations.

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Why does one car have more air resistance than another? How can a satellite be kept in an orbit around the earth? Applied mathematicians provide the necessary theoretical background to such questions.

Applied Mathematics is concerned with the development and exploitation of mathematical tools for the analysis and control of technological problems. Mathematical modelling of the problem at hand plays a basic role, followed by (numerical) analysis and (computer) simulation. Interaction with other disciplines and with specialists in the fields of application is essential.

Two specialisations

- Systems and control
This specialisation deals with the mathematics behind designing stable controllers for satellites, purification plants or more general technical processes. Questions that arise include: is it possible to suppress perturbations in a system? Or, how can one stabilize and control a system without causing shocks?

- Computational science and numerical mathematics
This specialisation emphasizes modelling, analysis and the simulation of fluid flow problems. Although the applications can be quite diverse, the basic mathematical methods are much the same. If you are capable of computing the flow of air, you are able to predict the weather, and to design cars and aeroplanes. People who can simulate the flow of water can compute the optimal shape of ships, harbours and dikes.

Why in Groningen?

- Typical for Applied Mathematic in Groningen: the connection between mathematical theory and real-life problems
- You can combine courses from both Mathematics and Applied Mathematics
- Courses include related fields, e.g. Econometrics and Physics
- Internship and research opportunities

Job perspectives

A Master's degree in Applied Mathematics opens up many job opportunities. During the Master's programme you will learn to think in a logical, systematic, and problem-oriented way in a multidisciplinary environment. After having finished the programme you will be able to apply mathematics to a technical problem, and hence to work at the interface between theory and practice. These qualities are highly appreciated by employers.

Job opportunities are available in industrial companies, research institutes, as well as in universities. Examples of companies looking for applied mathematicians include Gasunie, Philips, Stork, Shell, Corus, KPN and small engineering bureaus. Examples of research institutes are the National Aerospace Laboratory (NLR, the picture on these pages comes from the NLR), WL/Delft Hydraulics, KNMI and TNO.You can start a university career by working as a PhD student, which means working for four years on a research project and writing a thesis. After having successfully defended this thesis, you will be awarded a PhD degree. Afterwards you can continue an academic career or start a career in industry.

Job examples

- Research institutes
- Engineering bureaus
- Industrial companies
- Universities

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Course details

Specialize in optimizing company decisions by using data and mathematical models and algorithms
Do you like working with data and mathematics? Do you want to specialize in solving the most complex decision problems, from supply chain management to vehicle routing and from donor kidney allocation to train scheduling? Then Business Analytics and Operations Research is the right program for you.

Apply the theory in practice, and learn to communicate efficiently with decision makers
This program teaches generic Data Science and Optimization methods that allow you to solve decision problems in a wide variety of applications. Examples from logistics include vehicle routing, supply chain optimization, and inventory management. But there are many other applications, such as donor kidney allocation and optimizing tumor treatment plans in the medical field, or dike height optimization and train scheduling in the public sector.

Because Business Analytics and Operations Research are predominantly applied fields, you will also develop the skills to successfully apply the theory in practice, and to communicate efficiently with the decision makers.

The program offers you:

- a degree qualification held in high regard by international organizations that increasingly depend on quantitative methods to support their operations, logistics and supply chain management decision-making.

- a program that is comparable to top Business Analytics and Operations Research programs in the world, both in terms of the contents of the courses and the quality of the teachers and supervisors.

- excellent career perspectives: The Master's program in Business Analytics and Operations Research is one of the programs with the best career prospects. Business Analytics and Operations Research professionals are currently in very high demand, and the demand is predicted to increase even further.

- relevant, real-world learning where the emphasis is on solving actual business problems and turning data into managerial insights, whether it is during in-class exercises or while on an internship in a company.

- BAOR Mastermind, your ideal opportunity to explore the labor market and meet your future employer! We invite companies that give you insight in real business cases. You will also get the opportunity to discuss new trends in Business Analytics and Operations Research with academics and practitioners.

- lectures by teachers and supervisors that are leading experts in this field, with strong links with practice.

- small class-sizes giving you more quality time with approachable and supportive professors and closer interaction with your classmates

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Mathematical Sciences

Mathematics is the science of structures, including mathematics itself. Discovery of new patterns and relations, and the construction of models with predictive power are the core of mathematics.

Frequently, we see an interaction between fundamental and applied research. This versatility is reflected in the Master's programme Mathematical Sciences, which a broad range of courses is offered. Both students who want to specialise and students who aim for a wider background in mathematics.

[Tracks]]

You can tailor your programme by selecting one of the following seven tracks:
-Algebraic Geometry and Number Theory
-Applied Analysis
-Complex Systems
-Differential Geometry and Topology
-Logic
-Probability, Statistics, and Stochastic Modelling
-Pure Analysis
-Scientific Computing
-You can also choose to do a Research project in History of Mathematics.

This Master's programme offers a broad scope in a stimulating international environment which is renowned for its excellent research. Students who prefer to research subjects in depth will feel particularly at home at Mathematical Sciences.

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