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MSc in Econometrics, Operations Research and Actuarial Studies

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

01 February 2022

Program description

MSc in Econometrics, Operations Research and Actuarial Studies

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.

**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.

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Tuition fees

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


Upon graduation from the Masters in Econometrics, Operations Research and Actuarial Studies, students earn a Master of Science (MSc) degree.

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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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