|Application deadline:||1 April (non-EU), 1 July (EU)|
|Tuition fee:|| |
|Start date:||January 2014, August 2014|
|Credits:|| 60 ECTS |
|Duration full-time:||12 months|
|Delivery mode:||On Campus|
Tilburg University is renowned for its programme in Econometrics and Operations Research, a unique combination of economics, mathematics and statistics. In this field of quantitative economics the University offers three one-year Master of Science programmes.
The three one-year Master of Science programmes are in the field of quantitative economics: Econometrics and Mathematical Economics, Operations Research and Management Science and Quantitative Finance and Actuarial Science. These three Master's programmes are particularly suitable for students who want to apply quantitative methods (mathematics and/or statistics) to economic problems.
The central theme of Quantitative Finance and Actuarial Science is risk management, which is nowadays usually based upon explicitly quantitative models. Investors apply risk management to weight risk against return, insurers apply it to limit their risks by calculating the appropriate premiums, and option traders balance their books by calculating the sensitivities of their positions with respect to the relevant risk factors.
With a Master of Science in one of the fields of Econometrics and Operations Research you will be able to apply mathematical and statistical methods and typical techniques related to the MSc programme of your choice in a scientific way. In addition, you will be given a solid basis for a scientific career in econometrics, mathematical economics, operations research or quantitative economics.
The program consists of 60 Credits (ECTS), equivalent to 1680 hours of study, offered over two semesters. The first semester starts in September, with exams in December and January. The second semester runs from January to June, but is divided in two. From January to March, you will take varying courses.
From April on, you will be able to focus on writing your Master’s thesis.
Cluster A (24 ECTS)
Four courses should be selected from the following list of courses:
Cluster B (12 ECTS)
Two courses should be selected from the following list of courses:
Cluster C (6 ECTS)
One course can be chosen from all TiSEM Master’s courses, provided that this course has no overlap with the courses mentioned in Clusters A and B above. This course has to be approved by the examination committee.
Master's thesis (18 ECTS)
The Master's thesis should be written on a subject in the field of QFAS. To obtain the Netspar certificate, the Master's thesis should be written on a Netspar related topic.
In order to have access to the Master's programme in Quantitative Finance and Actuarial Science, candidates must meet two entry requirements: a Bachelor´s degree in Econometrics or a similar programme from a university that is recognised by the Admission Board, and proficiency in English.
More precisely, a solid academic background is required in the fields of:
Upon request, the Admission Board may grant the opportunity to rectify deficiencies during the Master´s programme.
Proficiency in English is required. Students who did their Bachelor´s in the Netherlands, native English speakers and applicants with a Bachelor´s degree from a programme entirely in English are admitted without test. All other students should have a minimum Academic IELTS score of 6.5 overall (6.0 minimum on parts), or, alternatively, a minimum TOEFL score of 575 (paper test) or 233 (computer test) or 90 (Internet based test) is necessary. Scores on separate parts are also evaluated, since candidates must possess good reading, writing, and oral skills. In addition, candidates need to submit an above average GRE test score.
The following characteristics are not required:
If you meet these requirements, you have a good chance of being accepted.
|TOEFL paper-based test score:||575|
|TOEFL computer-based test score:||233|
|TOEFL iBT® test:||90|
You are normally required to take an English Proficiency Test if you come from a non-English speaking country.
Most European Universities recognise the IELTS test.More information on IELTS
Please fill in this form in English.
The fields that are marked with a red star (*) are required.