MSc in Econometrics and Management Science – Specialisation Econometrics
Become an indispensable expert in effectively combining economic theory and quantitative analysis
Econometrics is paramount for decision-making in business and economics today. Do you already have a strong background in mathematics, statistics and econometrics and would you like to take it further? With the Econometrics programme, you can.
Financial firms, statistical offices and international governmental organisations successfully apply econometric models and methods on a daily basis. No matter where your ambitions lie, this Master specialisation in Econometrics will give you the edge. The programme will not only provide you with in-depth knowledge of econometric theory but will also train your skills to use advanced quantitative methods and techniques, perform empirical econometric analysis and develop and apply new models.
Rotterdam, the start and centre of Econometrics
If you want to extend your econometric knowledge beyond linear regression, instrument variable regression, limited dependent variables models and time series analysis, Erasmus School of Economics is where you want to be. Together with the Econometric Institute, we offer a high-quality advanced curriculum that combines advanced theory with extensive case-based training.
The quantitative skills you acquire in this programme are your ticket to a great starting position in the job market. Records show that later in their careers, many of our graduates become board members at leading industrial firms and banks or highly-positioned civil servants. With the right attitude and rigour, you too can have a prosperous career anywhere you want. Possible employers include:
- public offices
- international economic organisations
"Surrounded by smart and motivated students from all over the world, I have become skilled in applying advanced methods to real-life economic problems"
The Master’s specialisation consists of seven core courses, a seminar course Case Studies in Applied Econometrics, and a Master’s thesis distributed over five blocks of eight weeks each. Core courses help students to get acquainted with a wide range of topics that are essential for econometrics. During the course Case Studies in Applied Econometrics small groups of students do an applied research project under the supervision of a staff member.
The last two blocks of the programme are devoted to the Master’s thesis, which can be theoretically-oriented or practically-oriented. Practically-oriented theses are usually combined with an internship or traineeship. The thesis is written individually under close supervision by one of the staff members of the Econometric Institute.
- Applied Microeconometrics
- Multivariate Statistics
- Asset Pricing
- Advanced Time Series Econometrics
- Bayesian Econometrics
- Case Studies in Applied Econometrics
- Topics in Advanced Statistics
'Solving real-world cases using econometric modelling techniques will become second nature to you. May it be in economics, finance, business, biology or psychology'
Why I chose Econometrics?
Liking mathematics, but being an economist at heart, I chose to study Econometrics in my bachelor. The master in Econometrics is a logical continuation of the bachelor programme. Though, enrolling with a different bachelor degree is possible as well after a special one-year programme, which definitely is worthwhile.
As a student of the Econometrics programme, solving real-world cases by applying a toolkit of econometric modelling techniques on datasets, will become second nature to you. As the master contains a very limited number of courses, the biggest part of the studies is spent on actual research in an eight-week case study and while writing your master thesis. As you are mostly free to choose the subject of your case study and master thesis, you can choose the topics of the major part of your master studies yourself, may it be a topic in economics, finance, psychology, biology or genetics or a business-related case during an internship.
The degree of Econometrics in Rotterdam offers truly unique chances
During my studies, research and work, I learned that a thorough understanding of your subject and continuous communication with experts is essential for creating a good statistical model. The techniques that you learn in the course Bayesian Econometrics can help you to incorporate such expert knowledge in your models. Also, it helps you to become more aware of the effects of modelling assumptions on your conclusions.
Currently, my girlfriend and I are living in Latvia and I am working in Riga as a product pricing analyst at an international non-life insurer. Without prior full-time work experience, I found this great job in a country where I didn't even speak the language. This shows that the degree of Econometrics in Rotterdam offers truly unique chances.
‘This master programme is one of the things that makes Erasmus School of Economics exceptional. People from all over the world aspire to come and study here'
You continuously have to bring your A game
Good empirical skills become more and more crucial, and people who have them are rare. The combination of the theoretical background about the methods and the application of those methods in assignments is what is special about the MSc Econometrics and Management science programme. It provides students with the possibility to acquire these highly valued empirical skills.
Furthermore, the programme changes the definition of your comfort zone. You continuously have to bring your A game, but since studying at Erasmus School of Economics seems like being amongst family, the work seems more fun which makes it much more doable. After completing this programme, I feel much more prepared for the rest of my life and have a clear idea of what I want to do.
From research to theoretical or practical courses
The programme offers several different types of courses, from research to theoretical or practical courses. This makes your studies dynamic and interesting! What is more, the Professors and my peers were among the most inspiring people I ever encountered.
From September, I will be a PhD candidate at Erasmus University, where I will be working on the crossroads of economics and genetics.
Cost & Fees
- 2.060 € EEA/EU students *
- 14.700 € NON-EEA/EU students **
*This is the statutory tuition fee for Dutch students, students from another country within the European Economic Area (EEA), the European Union (EU), Switzerland and Suriname who meet the statutory conditions.
**This is the institutional tuition fee for students for whom the statutory tuition fee does not apply. You have to pay the institutional fee if you:
- don’t have an EU-, EEA, Swiss or Surinamese nationality
- have finished a Dutch programme and want to follow another programme on the same level
This school offers programs in:
Last updated November 19, 2018