Master in Finance: Duisenberg Honours Programme in Quantitative Risk Management


Program Description

Master in Finance: Honours Program Quantitative Finance

The Quantitative Finance program is an 84-credit Honours Track that is part of the Master’s program in Finance. You will take three core courses in finance (Investments, Derivatives, and Quantitative Risk Management), and three advanced methodological core courses in econometrics and financial mathematics.

You can select three electives from the Master’s programs in Finance, Econometrics, Mathematics, Business Studies, Economics, and others. This freedom of choice allows you to select your own specialization and create your own career profile. You will be able to emphasize fundamental, methodological subjects or focus on the application of the advanced methodology.

In the course of one year you will attend lectures, complete case study assignments, give presentations and conduct extensive research assignments. The program is taught in English. Graduates receive the title of Master of Finance.

First semester

In the first semester of the program, you will become familiar with the basic building blocks of quantitative finance and you will take one optional course. You will also implement your new knowledge by working on a team research project or advanced case study. You will work on refining your verbal and written presentation skills as part of the project.

Second semester

You will take three final core courses in the second semester and two more optional courses. This will allow you to specialize further or to broaden your perspective on methodological aspects or in terms of financial applications. You will also write your Master’s thesis in which you will demonstrate your ability to set up and carry out academic research.

Career prospects

The career prospects for graduates of the Master’s program in Quantitative Finance are excellent. There is a strong demand for people who can provide solid quantitative analyses of financial and economic issues. Such expertise is only available on a limited scale. Examples of jobs within your reach upon completion of your Master’s include derivates specialist, hedge fund manager, asset/liability manager, financial consultant, risk manager, investment banker, and financial product developer.

If, after completing this program, you are interested in delving deeper into a certain area, you can opt for postgraduate programs. You can also continue your research training at the Tinbergen Institute or in a Ph.D. position. If you organize your Ph.D. studies carefully, it may even be possible to pursue your doctorate part-time alongside a job at a financial institution.

Many companies recognize the added value of an international Chartered Financial Analyst qualification (CFA) or a Dutch FBA qualification as a financial and investment analyst. In most cases, you can study for these qualifications alongside your job, and your Master’s program in Quantitative Finance gives you a very good starting position.

Admission requirements

To enter the program, students need a Bachelor degree in Econometrics, Economics with a demonstrated quantitative interest, or Applied Mathematics. The program also invites applications of students in Mathematics, Physics, or related sciences with a strong emphasis on quantitative methods and modeling. Students from other universities are encouraged to apply as well. All students should meet mathematics, econometrics, and statistics standards, as well as knowledge of basic investment theory. The entry level is indicated by the following standard textbooks:

  • Calculus
  • Investments
  • Statistics
  • Probability
  • Econometrics
  • Programming Language
Last updated Nov 2020

About the School

Vrije Universiteit Amsterdam is an internationally renowned research university founded in 1880. The university offers over 175 English taught programmes at Bachelor’s, Master’s and PhD level to over ... Read More

Vrije Universiteit Amsterdam is an internationally renowned research university founded in 1880. The university offers over 175 English taught programmes at Bachelor’s, Master’s and PhD level to over 26,000 students from all over the world. Students and staff of 122 nationalities create a dynamic international academic community. The University distinguishes itself in research and education through four interdisciplinary themes: Human Health and Life Sciences, Science for Sustainability, Connected World and Governance for Society. Curious about student life at VU Amsterdam? Click here to ask our International Student Ambassadors. Read less