Econometrics and Operations Research, M.Sc.

  • N/A
    Application Deadline
  • 12 months
    Duration
  • Tuition
    13400
    Tuition (Year)
    1984
    Tuition (Year)
  • English (take IELTS)
    Language
University rank #101 ,
This master's programme in Econometrics and Operations Research from Vrije Universiteit Amsterdam is taught in English and takes one year. Throughout the programme, you follow several courses in the field of econometrics, logistics and game theory. At the beginning of the programme you can make a choice for a specialization, which is optional. There are two areas of specialization, namely ‘Econometrics and Mathematical Economics’ and ‘Operations Research and Business Econometrics’.

About

The Master's programme in Econometrics and Operations Research from VU Amsterdam is an academic programme focusing on the development and application of quantitative methods for analysing economic issues in a broad sense. The components of the Master's programme correspond closely with the department's research interests, which means that many of the latest scientific developments in areas like financial econometrics, logistics and game theory find their way directly into the teaching programme.

The master's programme takes one year.

At the beginning of the programme, students can make a choice for a specialization. However, it is not mandatory to specialize; it is possible to combine courses from either specialization to allow students to pursue their own interests. In that case, no specialization will be mentioned on the degree. The two areas of specialization are:

Econometrics and Mathematical Economics: this stream focuses on econometric methods and techniques within finance and economics.

Operations Research and Business Econometrics: this stream is geared towards optimizing operational business processes.

Career prospects

Holding a Master’s degree in Econometrics and Operations Research will give you excellent prospects for employment. You will be able to choose from career opportunities that are both exciting and varied. Econometricians find employment in the national policy research departments at planning agencies and government ministries, at financial institutions such as banks and insurance companies, and at business consultancy firms. Operations Researchers can be found in a range of industries, including logistics, innovative software development, transport and distribution, manufacturing and consultancy.

Rather than taking up a career in industry, you might wish to indulge your academic ambitions further by applying to study for a PhD in Econometrics, Operations Research, Quantitative Economics, Finance or Applied Mathematics.

Accreditation

All degree programmes of VU Amsterdam are accredited by NVAO. If the procedure for accreditation of a programme not yet is completed, this is indicated in the description of te programme. NVAO (Nederlands-Vlaamse Accreditatieorganisatie) is the Accreditation Organisation of The Netherlands and Flanders. NVAO is entrusted by law to accredit all existing bachelors and masters degree courses and to validate new study programmes at government-funded higher education institutions as well as
institutions approved (but not funded) by the Dutch government.

Programme Structure

Specializations:
  • Econometrics and Mathematical Economics
  • Operations Research and Business Econometrics

Detailed Programme Facts

  • Full-time duration 12 months
  • Study intensity Full-time
  • Credits
    60 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score: 6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Take IELTS test
  • Minimum required score (Grade B): 193

    The CAE test – or the Cambridge Advanced English – is an exam for applicants who wish to get a Certificate in Advanced English. To receive the Advanced certificate, test-takers must score between 142 and 210 on the Cambridge English: Advanced test. Read more about CAE.

    Note: degree programmes and applications may require a more specific minimum score for admission.

  • Minimum required score: 580

    The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

  • Minimum required score: 92

    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

  • Students with a Bachelor's degree that provides a thorough knowledge in mathematics and statistics (such as Econometrics, Mathematics, Management Science, Operations Research, Computer Science, Physics, Industrial Engineering, Electrical Engineering, Quantitative Economics) should have passed courses on Linear Algebra, Mathematical Analysis, Probability Theory and Statistics at the level mentioned on the prerequisites page of the faculty's website (Masterprogrammes>Econometrics>entry requirements).
  • Furthermore, the candidate should have sufficient knowledge of the specific topics of the selected subprogramme Econometrics or Operations Research respectively. The required level is indicated by the listed books on the prerequisites page. In case of deficiencies it is your responsibility to acquire this knowledge, a possibility being to follow the relevant core courses from the Bachelor Econometrics and Operations Research before commencing the master's programme.
  • Experience in programming in C/C++, Java, Matlab, Ox, Python or a similar computer language.
  • An excellent command of English. If English is not the student's native language, there are two acceptable ways to demonstrate English proficiency:
  • 1. hold a degree from an institution at which English is the language of instruction
  • 2. score of at least 580 on the TOEFL (Test of English as a Foreign Language) test (237 on the computer-based test) (with a TWE score of 4.5), or an average of 6.5 on the IELTS (International English Language Testing System) test.

Tuition Fee Per Year

  • EUR 13400 International
  • EUR 1984 EU/EEA

Funding

Scholarships / Grants:

Nuffic:
The Orange Tulip Scholarship Programme supports promising Taiwanese graduates and young professionals intending to pursue postgraduate degree programmes at a Dutch higher education institution.
For additional information: Website

Neso Indonesia:
StuNed Scholarships for Master studies, short courses and customized training programmes are available for Indonesian professionals with at least two years work experience in a development-related organization.
For additional information: Website

VU University Amsterdam:
VU University Amsterdam awards its own scholarships to outstanding students joining our international Master's degree programmes. The VU Fellowship is an amount of money between 2.500 and 15.000 Euros to cover a part of the study expenses. The general criteria for selection are excellence, motivatio
For additional information: Website

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Testimonial Registration Module

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.