Master Econometrics (EME, QFAS & ORMS)
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The document provides an overview and information about several Master's programs at Tilburg University, including the MSc in Quantitative Finance and Actuarial Science, Operations Research and Management Science, and Econometrics and Mathematical Economics. It discusses requirements, course schedules, career opportunities, and contacts for each program. The document also provides information on the Netspar specialization and TiSEM career and alumni services.
Master Econometrics (EME, QFAS & ORMS)
- 1. WELCOME Information MSc EME, ORMS, QFAS March 19, 2014
- 2. Agenda General information: Anja De Waegenaere (Program Director) MSc Quantitative Finance and Actuarial Science: Hans Schumacher MSc Operations Research and Management Science: Ruud Brekelmans MSc Econometrics and Mathematical Economics: Dolf Talman 2
- 3. Entry requirements 3 Bachelors program Econometrics & OR Other background with sufficient mathematics and statistics Individual deficiency program (max. 30 ECTS)
- 4. General schedule (Start in September) Fall Semester: 5 semester courses Spring Semester: 2 courses (semester courses or unit 3 courses) Masters Thesis (including preparation and possibly internship based) 4
- 5. General schedule (Start in February) Spring Semester: 5 courses (semester courses or unit 3 courses) Fall Semester: 2 semester courses Masters Thesis (including preparation and possibly internship based) 5
- 6. Overview 6 ECTS Core courses (cluster A) 24 Elective 1 + 2 (cluster B) 12 Elective 3 (cluster C) 6 Master Thesis 18 total 60
- 7. Netspar Specialization (Network for Studies on Pensions, Aging, and Retirement) 7 MSc Quantitative Finance & Actuarial Science and MSc Econometrics & Mathematical Economics Requirements: Three Master Specific Courses Field trip(s) Master thesis & internship on Netspar topic Netspar certificate
- 8. Netspar 8
- 9. Netspar 9
- 10. Netspar 10
- 11. MSc Quantitative Finance and Actuarial Science 11 Hans Schumacher Room K628 e-mail: j.m.schumacher@uvt.nl
- 12. MSc Quantitative Finance and Actuarial Science 12 Quantitative Finance: valuation of contracts investment strategy risk management Actuarial Science: insurance pensions
- 16. QFAS Program 16 Core courses in QFAS (24-36 Ects) Financial Models Empirical Finance Pension System Design Asset Liability Management Dynamic Real Investment Issues in Finance and Insurance Electives (6-18 Ects) Masters thesis (18 Ects)
- 17. Netspar Specialization (Network for Studies on Pensions, Aging, and Retirement) 17 Courses: Pension System Design The Economics and Finance of Pensions Asset Liability Management Field trip Master thesis & internship on Netspar topic Netspar certificate
- 18. Actuaris AG 18 EMAS (Executive Master in Actuarial Science) is offered by TiasNimbas (UvT Business School) together with the Dutch Actuarial Institute. EMAS is a 4 to 5-semester part-time program, to be followed in combination with a job in the insurance/pensions industry.
- 19. Career opportunities (1) Banks, insurance companies, traders (ABN-AMRO, ING, Rabobank, ASR, AEGON, Interpolis, Delta Lloyd, Achmea, Robeco, Optiver, etc.) Pension funds (ABP, PGGM, etc.) Regulators (DNB, AFM) 19
- 20. Career opportunities (2) Consultancy firms (Mercer, Towers Watson, AON, KPMG, PricewaterhouseCoopers, Deloitte, Ernst & Young, ORTEC, Cardano, etc.) Corporations and (semi)public institutions (treasury, risk management, commodity futures, energy) (Leaseplan, Shell, Nuon, etc.) 20
- 21. Career opportunities (3) Continuation of studies EMAS Research Master (enter in 2nd year) PhD program 21
- 22. Questions? or visit Hans Schumacher ... e-mail J.M.Schumacher@uvt.nl 22
- 23. MSc Operations Research / Management Science 23 Ruud Brekelmans Room K532 e-mail: r.c.m.brekelmans@uvt.nl
- 24. MSc Operations Research / Management Science 24 Operations Research (OR) / Management Science (MS) is a collection of techniques based on mathematics and other scientific approaches that seeks solutions to find the best design or operation of a system. One distinguishing feature of Operations Research is that it is not application specific.
- 25. Wide variety of applications 25 Vehicle routing Inventory management Production planning
- 26. Wide variety of applications 26 Cancer treatment (IMRT) Efficient investments in dikes
- 27. Wide variety of applications 27 Car design Train scheduling
- 28. 28 Goal To learn OR models and techniques To work with modern modelling software To formulate & solve practical decision problems To be aware of and to be able to handle non-quantitative aspects of real-life problems
- 29. 29 ORMS Master Program Core courses in ORMS (24-30 Ects): Operations Research and Management Science in Practice Simulation Management Science Nonlinear and Robust Optimization Dynamic Real Investment Electives (12-18 Ects) Masters thesis (18 Ects)
- 30. Other interesting courses From MSc EME, QFAS Games and Cooperative Behavior, Financial Models, From other Masters programs Physical Distribution Management, Business Intelligence, National OR-network courses (LNMB, Utrecht) Scheduling, Queueing Theory, 30
- 31. Job opportunities A lot of opportunities: Consultant at an OR center or OR department of a large firm Management consulting Management support (manufacturing, service) Application providers (SAP, Oracle, etc.) Application builders Solution builders Implementers Research institutes (TNO, Deltares, ) Also in academia: Getting a PhD 31
- 32. Many career opportunities OR advice centres OR departments OR software Incontrol 32
- 33. Future for ORMS is bright 33 Source: IDC 0 20 40 60 80 100 120 140 160 BillionUSD Business Analytics Market Size
- 34. Future for ORMS is bright 34 50-60% shortfall in analytic scientists in the US by 2018 Only of 4.4 million global analytic scientist jobs will be filled by 2015
- 35. Questions? e-mail r.c.m.brekelmans@uvt.nl or visit Dick den Hertog... e-mail d.denhertog@uvt.nl 35
- 36. MSc Econometrics and Mathematical Economics 36 Dolf Talman Room K517 e-mail: talman@uvt.nl
- 37. Econometrics and Mathematical Economics Quantitative analysis of economic problems Making explicit links between statistical techniques and formulation of economic problems Giving structure to complex economic problems using mathematical models 37
- 38. Examples Consumer behavior Labor market: Minimum wages and labor supply Unemployment duration Industrial organization Cooperative game theory 38
- 39. Examples (2) Sample selection Capital investment decisions Cost sharing problems Dynamic systems Migration and mortality 39
- 40. Goal of the EME master To learn and understand economic models To work with mathematical and/or statistical techniques To select data and information Recognizing complex structures Taking into account uncertainty and dynamic environment 40
- 41. EME Masters Program Core courses in EME (24-36 Ects) Dynamic Real Investment Empirical Finance Games and Cooperative Behavior Microeconometrics Panel Data Analysis of Microeconomic Decisions Dynamic Models and Their Applications Electives (6-18 Ects) Masters thesis (18 Ects) 41
- 42. Netspar Specialization (Network for Studies on Pensions, Aging, and Retirement) 42 Courses: The Economics and Finance of Pensions Panel Data Analysis of Microeconomic Decisions Dynamic Models and Their Applications Field trip Master thesis & internship on Netspar topic Netspar certificate
- 43. Possibilities after graduation Working for a big company Working for a consultancy firm Working for the government Working for a non-profit organisation Research Master and PhD 43
- 44. Working for a big company or consultancy firm Research and Development (R&D) Auctioning (telecom, petrol stations) Mergers and take-overs (competition) When to invest in capital (computers) Big data sets (savings, pensions) Role of Rotterdam and Schiphol for the Dutch economy 44
- 45. Working for the government or non-profit institution Privatization or liberalization of markets (electricity, telephone, railroads) Provision of public goods and public utilities (health care, water) Labor market (minimum wage, 5 x 8 or 4 x 9, women participation) Regulation and deregulation of markets (monopoly, competition) 45
- 46. Questions? or visit Dolf Talman e-mail: talman@uvt.nl 46
- 47. TiSEM Career Services TiSEM Career Services 47 Guiding you in your career planning process Career Advice Career Workshop Internships TiSEM Career Mentor Program Simone Hofland (K18) Career Services Officer 013 466 4203 s.b.hoflandlokin@tilburguniversity.edu www.tilburguniversity.edu/studentcareerservices
- 48. TiSEM Alumni Relations TiSEM Alumni Relations 48 Alumni are our most important ambassadors and our goal is to continue to support our alumni to succeed in their professional lives by providing opportunities to - Expand Your Future - Knowledge - Skills - Network As a student, you can benefit from the experiences of the thousands of alumni in the network Pam Dupont Alumni Officer 013 466 3603 alumni-tisem@tilburguniversity.edu http://www.tilburguniversity.edu/alumni-tisem
- 49. For top students Prepare for PhD Great Rankings Excellent Funding International setting Good Job Opportunities Top Scholars Research Master Business or Economics 49School of Economics and Management
- 50. Admission & Application 50 For all students: Enroll via Studielink Non-TiSEM students (who want to enroll): In addition, submit an application for admission For more information, go to www.tilburguniversity.edu/education/masters-programmes/admissionprocedure/feb/
- 51. Program Coordinator 51 Program information Planning Electives Study skills Special circumstances Results Extra curricular activities Marion van Heijningen
- 52. Questions 52 Master Sessions 20.00-20.45 In-depth information session about specific master Students: Harold van Heijst (QFAS) Marieke Musegaas (ORMS) Ruben Mak (EME) Program Coordinator: Marion van Heijningen