Find our what the Bachelor’s in Econometrics is about, what you will learn and what career opportunities you will have after studying Econometrics.
What is the difference between Econometrics and Actuarial Science?
In both Econometrics and Actuarial Science mathematics, statistics, and economics have focus. Econometrics is concerned with analysing and making sense of economic relationships from a broader perspective. Goal is to help organisations in making better business and policy decisions. Actuarial Science is more about understanding and managing financial risks, especially in insurance and finance.
Do you need programming skills before you start with Econometrics or Actuarial Science?
You don't need any programming skills before you start Econometrics or Actuarial Science. You will learn everything you need to know in terms of programming during the Bachelor's.
Do you need to excel in mathematics before you start with Econometrics or Actuarial Science?
Both Bachelor’s programmes are very focused on mathematics. Therefore it is an advantage if mathematics is one of your favourite subjects and you excel in it. If you want to know which level of math is required, please take a look at the entry requirements.
- What are the career prospects?
The Bachelor’s in Actuarial Science and Econometrics are also offered in Dutch. Is there any difference in the English and Dutch taught programmes?
No, there are no differences.
What’s the difference between Econometrics and UvA’s new Bachelor’s in Business Analytics?
Essentially, the difference is that Business Analytics is data-driven while Econometrics is theory-driven. Econometrics students develop econometric models, apply them to micro and macroeconomic issues, and analyse the impact on economic policy. In Business Analytics, students use data from AI / machine learning techniques to solve complex business related problems.
There is certainly common ground between the 2 fields. Business Analytics exploits econometric techniques and Econometrics has a 'Data Science' track in its 3rd year, which utilises the general methodology of machine learning techniques.
Can you switch between Econometrics and Actuarial Science after the first 2 years?
The first 2 years of the programmes are identical. Therefore, you can switch after 2 years if you chose Econometrics, but you decide you would rather continue with Actuarial Science (or the other way around).
Does the UvA organise networking events?
The VSAE (study association for all students of Econometrics and Actuarial Sciences) organises many study-related events and projects. Throughout the year they organise multiple career events in which you can have personal conversations with recruiters and participate in workshops.
Bachelor’s student Koen Vleugels explains in less than 1 minute what Econometrics is and which career prospects econometricians have.