MSc Quantitative Finance and Actuarial Science (QFAS)
A quantitative finance and insurance master centred on valuation, risk management and statistical modelling. Students choose four of five core subjects, three electives and an 18-credit thesis, with optional software workshops and quantitative-finance preparation.
What you’ll study
Core
- Empirical Finance
- Risk and Regulation
- Valuation and Risk Management
- Asset Liability Management
- Data Science Methods
- Master Thesis
Electives
- Panel Data Analysis of Microeconomic Decisions
- Economics and Finance of Pensions
- Decision Making under Uncertainty
- Decentralized Finance and Blockchains
- Professional Business Analytics Skills
- Dynamic Real Investment
- Time Series and Their Applications
Source: tilburguniversity.edu ↗
Before you apply
- Background
- Bachelor in Econometrics or a similar qualification from a recognised university; solid mathematics, statistics and economics background.
- Maths
- Probability and mathematical statistics; Real analysis; Linear algebra
- Tests
- International procedure: GRE General Test required, quantitative minimum 160, all sections completed, results no older than two years; relevant partner-university degrees may qualify for exemption.
- English
- September 2027 intake: IELTS Academic 6.5 overall, Writing/Speaking 6.0; TOEFL iBT taken from 21 January 2026: total 5 and Writing/Speaking 5; earlier TOEFL: 90 overall, Writing 22 and Speaking 21. Cambridge C1/C2: 180 overall and Writing/Speaking 180. Results within two years; exemptions may apply. February 2027 has a separate requirement block.
- Other
- Quantitative-finance knowledge recommended, not mandatory. A pre-master may address deficiencies up to 36 ECTS. Final assessment by Admissions Committee.
Source: tilburguniversity.edu ↗
After graduation
The programme doesn’t publish an employment report.
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What students and graduates say
Threads from QuantNet and other forums where applicants, students and graduates discuss this programme. They’re personal views and may be out of date.
- quant finance in Netherlands (QuantNet)
- Advise on MFE programs in the Netherlands (QuantNet)
Core list is a choice of four out of five listed courses, plus thesis. International admissions rules are shown here; applicants with Dutch degrees follow a separate route. English thresholds above explicitly apply to September 2027.
Checked 6 November 2026 against the sources linked on this page. Fees, units and requirements change each year, so confirm them on the programme’s website before applying.