
Econometrics, Operations Research and Actuarial Studies
Master

Study in Groningen econometrics, operations research and actuarial studies. Use real-life data and advanced data science models to make sound decisions in business and society.
How much influence will petrol prices have on car usage? What econometric models can assist in predicting future resource demands and optimising resource allocation for sustainable use? What is the minimal route length to deliver parcels on time? In the MSc Econometrics, Operations Research and Actuarial Studies (EORAS), you can combine your interests in mathematics, economics, statistics, and data science and develop strong analytical skills as well as a passion for solving complex problems. The programme in Groningen has an international and interdisciplinary approach, is small-scale and allows you to build on a future career that matches your goals and aspirations.You will learn to apply mathematical and statistical models to address challenges in business, economics, finance, insurance, and related fields. As an example, one of the projects focuses on optimising the waste collection system in Groningen municipality. Students obtain data from the municipality (data science) to analyse the stochastic deposit process (econometrics), estimate overflow probabilities (actuarial sciences), and compute efficient truck routes (operations research). This is but one of our many projects in which you can learn i
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Visit course websiteLanguage
English
Title
Master of Science
Duration
1 year
ECTS credits
ECTS
The European Credit Transfer and Accumulation System (ECTS) is a student-centred system based on the student workload required to achieve the objectives of a programme of study. Its aim is to facilitate the recognition of study periods undertaken by mobile students through the transfer of credits. The ECTS is based on the principle that 60 credits are equivalent to the workload of full-time student during one academic year.
Accreditation
Numerus Fixus
No Numerus Fixus
Without numerus fixus.
Tuition fee 2023/2024
EU/EEA
The EU/EEA rate is the regular fee for students from within the EU/EEA.
€ 2,314
Non-EU/EEA
The non-EU/EEA rate is the rate for students from outside the EU/EEA.
€ 17,800
Admission
Application requirements
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. If you have any questions concerning admission to this programme, please conta
A GMAT/GRE test is required from all candidates who obtained their bachelor's degree from a university in a non-EU/EEA country. For specific scores and exemptions, please see https://www.rug.nl/feb/gmat-gre. Both GMAT and GRE are now being offered by mba.com and ETS as an online option to take from home worldwide. Please check their websites for more information.
IELTS Academic overall score 6.5 (Speaking 6, Writing 6.5); TOEFL internet-based overall score 90 (Speaking 20, Writing 24); Cambridge C1 Advanced or C2 Proficiency (overall score 176, Speaking 169, Writing 176). * ETS is offering the TOEFL tests as an online option to take from home worldwide. Please check their website for more information.
Check when you can start and what you have to pay!
Tuition fees | |
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€ 2,314 | |
€ 17,800 | |
InstitutionalThe institutional rate is for all students who have already obtained a bachelor’s or master’s degree and who want to start a second programme leading to a degree at the same level or at a lower level. |
Information not available |
Tuition fees | |
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€ 2,530 | |
€ 20,800 | |
Information not available |
Start date | App. deadline EU/EEA | App. deadline Non-EU/EEA |
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1 Feb '24 | 15 Oct '23 | 15 Oct '23 |
1 Feb '24 | 15 Oct '23 | 15 Oct '23 |
1 Sep '24 | 1 May '24 | 1 May '24 |
1 Sep '24 | 1 May '24 | 1 May '24 |
1 Feb '25 | 15 Oct '24 | 15 Oct '24 |
1 Feb '25 | 15 Oct '24 | 15 Oct '24 |
1 Sep '25 | 1 May '25 | 1 May '25 |
1 Sep '25 | 1 May '25 | 1 May '25 |
Scholarships
You can check if you're eligible for scholarships that apply to this course.
Orange Knowledge Programma (OKP)
The Orange Knowledge Programme aims to contribute to a society's sustainable and inclusive development. Its scholarships are open to mid-career professionals in specific countries.
Contact
Main addressOude Boteringestraat 44
9712 GL Groningen
050 363 9011
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