Quantitative Finance and Actuarial Science, M.Sc. | Tilburg University | Tilburg, Netherlands
12 months
Duration
16500 EUR/year
2530 EUR/year
Unknown
Unknown
Apply date
Unknown
Start date

About

Apply and develop advanced mathematical and statistical tools to tackle financial challenges, ranging from price setting to risk management and policy advice. You will acquire a strong and fundamental background in quantitative finance, which prepares you for existing and new technological developments in the broad area of finance and insurance.

Visit the Visit programme website for more information

Overview

Become a highly qualified specialist in the area of quantitative finance and insurance, a field that uses sophisticated advanced mathematical, statistical, and data science techniques for risk management, valuation, product design, regulation and more. 

  • Being fully trained in generic methods for responsible risk management in the financial sector, gives you a competitive advantage on the job market.
  • Customize your program with many electives.
  • Intensive contacts with industrial partners ensure a strong connection to practical aspects of the business world, leading to excellent internship opportunities, for instance.
  • In the first semester of the regular program, you can also apply for the following advanced programs:

* The Extended Master's Program, which adds a half year traineeship to the regular Master's program.

* The QTEM network program, which adds an additional year to the program which you spend at a QTEM partner university and corporate partner.

Career prospects

Alumni of the Master's program in Quantitative Finance and Actuarial Science work, for example, as risk management consultants, actuaries, and investment analysts at banks, insurance companies, pension funds, consulting agencies, trading firms, and government bodies.

You can also become a fully qualified actuary: after graduation you are eligible to apply for the part-time Executive Master in Actuarial Science offered the Dutch Actuarial Institute.

Some examples of our graduates' jobs: 
  • Advisor European Actuarial Services at Ernst & Young
  • Analyst at Goldman Sachs
  • Actuary at ASR
  • Senior Policy Advisor at the Ministry of Social Affairs and Employment
  • Analyst Mergers & Acquisitions at Rabobank Nederland

Programme Structure

This one-year program consists of 60 credits (ECTS):

  • 4 core courses (24 ECTS)
  • 3 elective courses (18 ECTS)
  • Master's thesis (18 ECTS)

Courses include:

  • Empirical Finance (Unit 1)
  • Risk and Regulation
  • Valuation and Risk Management
  • Asset Liability Management (Unit 3)
  • Data Science Methods (Unit 3)
  • Panel Data Analysis of Microeconomics Decisions
  • The Economics and Finance of Pensions
  • Decision Making under Uncertainty
  • Electives QFAS
  • Dynamic Real Investment
  • Professional Business Analytics Skills
  • Time Series and their Applications

Key information

Duration

  • Full-time
    • 12 months

Start dates & application deadlines

Credits

60 ECTS

Delivered

On Campus

Academic requirements

GRE admission requirements GRE®
160 (quantitative)

Other requirements

General requirements

To be eligible for the Master's program in Quantitative Finance and Actuarial Science, you must have:

  • A Bachelor's degree in Econometrics or a similar qualification from a university recognized by the Admissions Committee.
  • A solid academic background in mathematics, statistics and economics. Some knowledge of quantitative finance is recommended but not mandatory. 
  • Demonstrating your English language proficiency is a compulsory qualitative admission requirement for this program.
  • The GRE test is a compulsory qualitative admission requirement for this program.

Tuition Fee

To always see correct tuition fees
  • International

    16500 EUR/year
    Tuition Fee
    Based on the tuition of 16500 EUR for the full programme during 12 months.
  • EU/EEA

    2530 EUR/year
    Tuition Fee
    Based on the tuition of 2530 EUR for the full programme during 12 months.

Living costs for Tilburg

700 - 1100 EUR /month
Living costs

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

Funding

Partner Scholarships Tilburg School of Economics and Management (TiSEM)
  • Tuition fee waiver (25%) for non-EU students of non-EU partner universities of the Tilburg School of Economics and Management.

In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.

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Scholarships Information

Below you will find Master's scholarship opportunities for Quantitative Finance and Actuarial Science.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

Provided by university
Grant
Various benefits
Deadline
Not specified
FUNED Scholarship
Merit-based

Read more about eligibility

Tilburg University
Tilburg, Netherlands
Provided by university
Grant
Various benefits
Deadline
29 Feb 2024
COLFUTURO Loan-Scholarship Program
Merit-based

Read more about eligibility

Tilburg University
Tilburg, Netherlands
Provided by university
Grant
Various benefits
Deadline
Not specified
Unidad de Conocimiento scholarship
Merit-based Need-based

Read more about eligibility

Tilburg University
Tilburg, Netherlands
Provided by university
Grant
Various benefits
Deadline
Not specified
CONICYT Scholarship
Merit-based

Read more about eligibility

Tilburg University
Tilburg, Netherlands
Provided by university
Grant
Various benefits
Deadline
Not specified
TST Partner Scholarships
Merit-based Need-based

Read more about eligibility

Tilburg University
Tilburg, Netherlands
Provided by university
Grant
Various benefits
Deadline
Not specified
TiSEM Partner Scholarships
Merit-based Need-based

Read more about eligibility

Tilburg University
Tilburg, Netherlands
Provided by university
Grant
200000 MXN
Deadline
Not specified
FIDERH Scholarship
Merit-based Need-based

Read more about eligibility

Tilburg University
Tilburg, Netherlands
Provided by university
Grant
50000 USD
Deadline
Not specified
Unidad de Conocimiento scholarship
Merit-based

Read more about eligibility

Tilburg University
Tilburg, Netherlands
Provided by university
Grant
25000 USD
Deadline
01 Apr 2024
COLFUTURO Loan-Scholarship Program
Merit-based

Read more about eligibility

Tilburg University
Tilburg, Netherlands
Provided by university
Grant
20000 EUR
Deadline
Not specified
Jean Monnet Scholarship Programme
Merit-based

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Tilburg University
Tilburg, Netherlands
Provided by university
Grant
12000 USD
Deadline
Not specified
FUNED Scholarship
Merit-based

Read more about eligibility

Tilburg University
Tilburg, Netherlands
Provided by university
Grant
10000 EUR
Deadline
Not specified
CONICYT Scholarship
Merit-based

Read more about eligibility

Tilburg University
Tilburg, Netherlands
Provided by university
Grant
9985 USD
Deadline
Not specified
FIDERH Scholarship
Merit-based

Read more about eligibility

Tilburg University
Tilburg, Netherlands
Provided by university
Grant
Various benefits
Deadline
Anytime
Deutsche Bildung Student Funding
Merit-based Need-based

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Tilburg University
Tilburg, Netherlands
Provided by university
Grant
12000 EUR
Deadline
01 Mar 2024
Ladies of Bethany scholarship
Merit-based Need-based

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Tilburg University
Tilburg, Netherlands
Provided by university
Grant
11500 EUR
Deadline
01 Oct 2024
University of Liberia Scholarship
Merit-based

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Tilburg University
Tilburg, Netherlands
Independent provider
Grant
1000000 INR
Deadline
Anytime
Education Future International Scholarship
Merit-based

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Education Future
Location not available
Independent provider
Grant
5000 EUR
Deadline
14 May 2024
Study a Masters in Europe Scholarships
Merit-based

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educations.com
Location not available
Independent provider
Grant
3500 USD
Deadline
15 Nov 2024
ACES Scholarships
Merit-based Need-based

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ACES Education Fund
Location not available
Independent provider
Grant
1000 USD
Deadline
30 Nov 2024
The Smooth Movers Scholarship
Merit-based Need-based

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The Smooth Movers
Location not available
Independent provider
Grant
Various benefits
Deadline
14 Oct 2024
Fulbright U.S. Student Program
Merit-based Need-based

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U.S. government
Location not available
Independent provider
Grant
Various benefits
Deadline
24 May 2024
Joint Japan World Bank Graduate Scholarship Program
Need-based

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Japan Gov’t/World Bank
Location not available
Independent provider
Grant
5000 EUR
Deadline
Not specified
NL Scholarship
Merit-based

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Association of Universities in the Netherlands
Location not available
Independent provider
Grant
1350 EUR
Deadline
31 Oct 2024
ELES-Scholarship (Ernst-Ludwig-Ehrlich-Studienwerk)
Merit-based Need-based

Read more about eligibility

Austria’s Agency for Education and Internationalisation
Location not available
Independent provider
Grant
1600 USD
Deadline
30 Apr 2024
Mozida African Master Scholarship
Merit-based

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Mozida Foundation
Location not available
Independent provider
Grant
3000 USD
Deadline
30 Jun 2024
Moving Mates Scholarship
Need-based

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Moving Mates
Location not available
Independent provider
Grant
1000 USD
Deadline
26 Jun 2024
Ramage Law Group Adopted Child Scholarship
Merit-based Need-based

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The Ramage Law Group
Location not available
Independent provider
Grant
90000 AUD
Deadline
Not specified
World Universities Ramsay Postgraduate Scholarship
Merit-based Need-based

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The Ramsay Centre
Location not available
Independent provider
Grant
3000 USD
Deadline
31 Dec 2025
Scholarship for students with disabilities
Need-based

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Anonymous Hope Fund
Location not available
Independent provider
Grant
12000 USD
Deadline
30 Nov 2024
Tobacco Harm Reduction Scholarship Programme
Merit-based Need-based

Read more about eligibility

The Tobacco Harm Reduction Scholarship Programme
Location not available
Independent provider
Grant
10000 USD
Deadline
20 Aug 2024
Global Innovation Challenge
Merit-based Need-based

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Social Shifters
Location not available
Independent provider
Grant
8000 EUR
Deadline
Not specified
Erasmus Mundus Joint Masters scholarships
Merit-based Need-based

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European Commission
Location not available
Independent provider
Grant
3500 USD
Deadline
15 Nov 2024
The Bill Walsh Scholarship
Merit-based

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ACES: The Society for Editing
Location not available
Independent provider
Grant
2000 USD
Deadline
31 Jul 2024
The MyUS Community Scholarship
Merit-based Need-based

Read more about eligibility

MyUS
Location not available
Independent provider
Grant
2000 USD
Deadline
20 Aug 2024
Dermadry Hyperhidrosis Scholarship
Merit-based Need-based

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Dermadry
Location not available
Independent provider
Grant
1500 USD
Deadline
15 May 2024
iVisa Annual Scholarship
Merit-based

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iVisa
Location not available
Independent provider
Grant
1500 USD
Deadline
31 Mar 2024
The Annual IELTS from 6 to 9 Scholarship
Merit-based Need-based

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IELTS from 6 to 9
Location not available
Independent provider
Grant
1000 USD
Deadline
31 Dec 2024
$1,000 All Star Verified Scholarship
Merit-based

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Verified Scholarships
Location not available
Independent provider
Grant
1000 USD
Deadline
29 Feb 2024
Voice Talent Online Scholarship
Merit-based Need-based

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Voice Talent Online
Location not available
Independent provider
Grant
1000 USD
Deadline
31 Aug 2024
Florida Rentals Annual Dream Vacation Scholarship
Merit-based Need-based

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Florida Rentals
Location not available
Independent provider
Grant
1000 USD
Deadline
30 Jun 2024
$1,500 Annual Essay Writing Contest Scholarship
Merit-based Need-based

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IvyPanda
Location not available
Independent provider
Grant
500 USD
Deadline
31 Oct 2024
CryptoRunner Scholarship
Merit-based Need-based

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CryptoRunner
Location not available
Independent provider
Grant
3000 USD
Deadline
Not specified
AAPG Foundation Grants-in-Aid
Merit-based Need-based

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American Association of Petroleum Geologists Foundation
Location not available
Independent provider
Grant
3000 USD
Deadline
Not specified
Anonymous Hope Fund
Merit-based Need-based

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Anonymous Hope Fund
Location not available
Independent provider
Grant
1500 USD
Deadline
31 Mar 2024
The Annual IELTSing Scholarship
Merit-based

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IELTSing
Location not available
Independent provider
Grant
965 USD
Deadline
Anytime
Dr. Martin Blank – SYB Scholarship
Merit-based

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Shield Your Body
Location not available
Independent provider
Grant
500 USD
Deadline
30 Apr 2024
Biotin Xtreme Hair Care Annual Scholarship 2023: Empowering The Future Of Hair Care
General Scholarships

Read more about eligibility

Biotin Xtreme Hair Care
Location not available
Independent provider
Grant
Various benefits
Deadline
30 Apr 2024
Kreditkortsval's Scholarship Program for Economics Students
Merit-based Need-based

Read more about eligibility

Kreditkortsval
Location not available
Independent provider
Grant
10000 USD
Deadline
05 Feb 2025
Ritchie-Jennings Memorial Scholarship Program
Merit-based Need-based

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Association of Certified Fraud Examiners (ACFE)
Location not available

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