M.Sc. On Campus

Quantitative Risk Management (Actuarial Science and Mathematical Finance)

12 months
15375 EUR/year
2168 EUR/year
Tuition fee
Apply date
Start date


The Quantitative Risk Management (Actuarial Science and Mathematical Finance) programme of the University of Amsterdam provides an excellent grounding for your career as a risk manager.


What makes the Quantitative Risk Management (Actuarial Science and Mathematical Finance) programme of the University of Amsterdam unique is that it incorporates all the latest international developments, such as bank regulation and advanced quantitative risk modelling. Also, you will gain insight in all up-to-date techniques and practices to kick-start your career. The Quantitative Risk Management track is one of 2 tracks you can choose from within this Master’s programme.

Why choose the Quantitative Risk Management track?

  • Beside the 6 general courses of the MSc Actuarial Science and Mathematical Finance in your curriculum, you can tailor the programme to your interests and ambitions, with 2 track-specific courses and electives.
  • You will be lectured by professors and professionals working in the industry. You will learn all about today's techniques, theories and insights in the risk management field.
  • After graduation, you will have a solid preparation to become a highly sought-after (quantitative) risk management professional at e.g. insurance companies, regulatory authorities or ministries.

Programme Structure

Courses include:
  • Non-Life Insurance: Statistical Techniques and Data Analytics
  • Principles of the Mathematics and Economics of Risk
  • Risk Management for Insurers and Pensions
  • Banking Risk Management
  • Financial Mathematics for Insurance
  • Financial Econometrics

Key information


  • Full-time
    • 12 months

Start dates & application deadlines




On Campus

Academic requirements

GRE admission requirements GRE®
155 (quantitative)
GMAT admission requirements GMAT

Other requirements

General requirements

  • If you want to apply for this Master’s programme, you need to hold an academic Bachelor's or Master’s degree in a field that ensures a high level of mathematical proficiency (e.g. Mathematics, Physics or Econometrics), particularly in the fields of calculus, linear algebra, statistics and probability. Additionally, you need to be familiar with the following topics: Linear regression models, Mathematical and empirical finance, Actuarial science, in particular risk theory and elementary life insurance
  • In your application, you have to verify your English proficiency. You can do this by providing English proficiency test scores
  • GRE or GMAT scores
  • Upload a motivation letter and show personal initiative

Tuition Fee

To alway see correct tuition fees
  • International

    15375 EUR/year
    Tuition Fee
    Based on the tuition of 15375 EUR per year during 12 months.
  • EU/EEA

    2168 EUR/year
    Tuition Fee
    Based on the tuition of 2168 EUR per year during 12 months.

Living costs for Amsterdam

1000 - 1500 EUR /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


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.

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Quantitative Risk Management (Actuarial Science and Mathematical Finance)
University of Amsterdam


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