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MSc Econometrics, Operations Research, & Actuarial Studies

University of Groningen
Program overview
1 year
Full time
Master's degree
Start dates
01 September 2021

01 February 2022

Program description

MSc Econometrics, Operations Research, & Actuarial Studies

The Masters in Econometrics, Operations Research, & Actuarial Studies at the University of Groningen in the Netherlands is an education which focuses on applying advanced mathematical models to practical economic and business problems using econometrics, operations research, and actuarial studies. This education course provides students with the knowledge necessary to determine the development of the employment ratio, the qualification of financial risks, the improvement of delivery routes, and the influence of high gas prices on the number of train passengers, to name a few.

The 1-year Masters in Econometrics, Operations Research, & Actuarial Studies in Groningen is an excellent option for students who enjoy analyzing complicated problems and would like to apply these skills in a social context. Students choose from 3 specializations:

  • Operations Research: design, analysis and implementation of mathematical models for logicstic and financial decision-making problems using deterministic and stochastic methods
  • Econometrics: interpretation of observed economic data to forecast, make policy decisions, or simulate
  • Actuarial Studies: managing and pricing uncertainty, usually in an insurance context; includes life insurance, risk insurance, etc.

Upon completion of the Masters in Econometrics, Operations Research, & Actuarial Studies in Groningen, graduates have a wide variety of career opportunities available to them, including work in banks, insurance companies, consultancy firms, marketing, non-profit organizations, employer organizations, or with the government.

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Admission requirements

Admission requirements for the Masters Econometrics, Operations Research, & Actuarial Studies at the University of Groningen are:

  • Bachelor degree in Econometrics, Operations Research or Actuarial Studies (+ programme related courses). Students with Economics or related bachelor degrees are offered a special track; see programme website)
  • proficiency in English, demonstrated by the following minimum test scores:
    TOEFL (580/237/92); IELTS (6.5)
  • Cambridge Proficiency (A/B/C) or Cambridge Advanced
  • Positive GRE score

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Tuition fees

  • Full-time EU/EEA Students: € 2168 per year
  • Full-time Non-EU/EEA Students: € 15900 per year


MSc in Econometrics, Operations Research and Actuarial Studies

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About this institute

University of Groningen

The University of Groningen is one of the oldest universities in the Netherlands, founded in 1614 the university ranks amongst the top 100 universities in the world. We are a research intensive institution offering a wide range of highly regarded bachelor,...

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Why study at University of Groningen

We're a Top 100 University

Study at one of the world’s leading universities. Learn from the best and take advantage of exciting research opportunities. Live in a vibrant city where over a quarter of the population are students. Whatever you’re seeking from your university experience, you’ll find it in Groningen. With over 45 world-class Bachelor’s programmes and 160 highly-ranked Master’s programmes, we have a field of study for you.

Our groundbreaking research

As a student, you will be actively involved in research at one of Europe’s top research institutions from the get-go. The University of Groningen carries out ground-breaking and socially-relevant research that builds bridges between disciplines and closes the gap between science and society.

400 years of reputation

The University of Groningen is the second oldest university in the Netherlands and has built a reputation for excellence. Many talented people have passed through the university during its rich 400-year history, including Nobel Prize winners like Ben Feringa (Chemistry, 2016) and Frits Zernike (Physics, 1953). Some have been pioneers in their respective fields, such as the first female University student and the first female lecturer in the Netherlands, the first Dutch astronaut and the first president of the European Bank.

Vibrant Student Life

While its history can be traced back to 300 BC, today Groningen is a vibrant student city with the youngest population in the Netherlands – one in four people here is a student! That means there’s always something to do, with various art and music festivals, theatres, cinemas and performance venues catering to all tastes, whether you prefer to watch or want to join in. In Groningen, you’ll see students everywhere: studying in the pretty Noorderplantsoen park, working various part-time jobs and partying the night away.

Global Community

The University of Groningen attracts a large international community! Our Erasmus Student Network (ESN) conveniently facilitates all international students in Groningen and organizes over 150 activities a year. The University of Groningen has strong international connections which means that you can easily spend part of your degree studying abroad. The University also offers several unique international Master’s degree programmes in cooperation with other large European universities.

Contact info

University of Groningen

Broerstraat 5
9712 GL Groningen
The Netherlands

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