Econometrics and Operations Research

Econometrics and Operations Research at Maastricht University offers a comprehensive and innovative Master's program designed to equip students with advanced analytical skills necessary for solving complex economic and operational problems. This program combines rigorous training in econometric methods with practical knowledge of operations research techniques, enabling graduates to analyze data, develop models, and implement solutions across various industries. Throughout the program, students are introduced to cutting-edge software tools and statistical software, enhancing their ability to handle large datasets and perform sophisticated analysis. The curriculum covers a wide range of topics, including microeconometrics, macroeconometrics, optimization, simulation, decision analysis, and systems modeling. Emphasizing an applied approach, the program prepares students for careers in consulting, finance, government, or research institutions, where data-driven decision making is vital. Maastricht University’s innovative Problem-Based Learning approach fosters critical thinking, teamwork, and independent learning, ensuring students are well-prepared to tackle real-world challenges. The program's international environment and collaboration with businesses and research centers also provide valuable networking opportunities and practical experience. Graduates of this program will possess a strong quantitative background, analytical mindset, and problem-solving skills, making them highly valuable in the increasingly data-centric world. With a focus on both theory and application, the Master's in Econometrics and Operations Research at Maastricht University is ideal for students aiming to develop a deep understanding of computational and statistical techniques, along with their practical application in economics, management, and operational decision-making.

The Master's in Econometrics and Operations Research at Maastricht University offers a comprehensive and challenging curriculum designed to equip students with advanced analytical and quantitative skills applicable in various industries. The programme combines theoretical foundations with practical applications, emphasizing the use of cutting-edge methods to solve complex real-world problems. Students will gain expertise in mathematical modeling, optimization, statistical analysis, and data management, preparing them for careers in consultancy, finance, supply chain management, and public sector organizations. The curriculum provides a solid understanding of econometric modeling techniques, allowing students to analyze economic and business data effectively. Additionally, the programme covers operations research methodologies, including linear, nonlinear, and stochastic optimization, enabling students to develop optimal decision-making strategies in uncertain environments. Through a blend of lectures, seminars, and project-based learning, students will engage with real datasets and case studies, fostering critical thinking and problem-solving abilities. The programme also emphasizes the importance of software proficiency, with training in popular tools such as R, Python, and GAMS, to ensure graduates are well-prepared for the practical demands of the workplace. Opportunities for internships and collaborations with industry partners are integrated into the curriculum, providing valuable hands-on experience. Moreover, the programme encourages international perspectives through diverse student cohorts and collaborative projects. Graduates will leave equipped with the technical expertise, analytical mindset, and innovative approach necessary to contribute effectively to data-driven decision-making processes across various sectors. The Master's in Econometrics and Operations Research at Maastricht University is ideal for students passionate about mathematics, data analysis, and improving systems and processes through rigorous quantitative methods.

Admission requirements

GMAT or GRE for non-UM students

Other requirements

1. erkende verworven competenties (EVC’s) GMAT or GRE for non-UM students
2. gemiddeld cijfer GPA - grade point average
3. taaltoets cijfer TOEFL/IELTS for NON-EU students & non-native english speakers
4. vooropleiding (ISPAC: vereiste vooropleiding) Bachelor in economics, econometrics
5. schriftelijk verzoek A letter describing your motivation for studying MSc Econometrics and Operations Research at Maastricht University's Faculty of Economics and Business Administration

Financing for the Master's in Econometrics and Operations Research at Maastricht University typically includes a combination of governmental grants, scholarships, student loans, and personal funding. Students from the Netherlands and the European Union have access to Dutch student finance schemes, such as the Dienst Uitvoering Subsidiesีกleges (DUO), which can provide loans and grants based on residency and financial need. Non-EU students are generally expected to secure funding independently, although Maastricht University offers several scholarship opportunities. The Maastricht University Holland Scholarship is one such program, aimed at excellent international students and providing a partial tuition fee waiver combined with living expenses support. Additional scholarships are available through governmental programs, bilateral agreements, and external organizations.

Students are also encouraged to explore funding options from their home countries, as many countries offer postgraduate education grants and loans. Private lenders and financial institutions may provide education loans, often requiring a co-signer or proof of admission. The university's Student Support Office provides advice and guidance on available financial aid sources, application procedures, and eligibility criteria.

The total estimated cost for a full academic year includes tuition fees, which for the Master's in Econometrics and Operations Research are approximately €2,168 for EU students and €11,000 for non-EU students, plus living expenses estimated at around €12,000 to €15,000 per year, covering accommodation, food, insurance, and study materials. Students are advised to plan their finances carefully, considering both university fees and living costs for the entire duration of the two-year master's programme. Financial planning resources and counseling are provided by the university to assist students in securing necessary funding and managing their budgets effectively throughout their studies.

Econometrics and Operations Research at Maastricht University is a highly quantitative and analytical master's program designed to equip students with advanced skills in the modeling, analysis, and optimization of complex economic and business systems. This program combines the disciplines of econometrics—focusing on statistical methods to empirically analyze economic data—and operations research—which involves techniques to optimize decision-making processes in organizations. The curriculum offers a rigorous foundation in statistical modeling, quantitative methods, and computational techniques, preparing graduates for tackling real-world problems across various sectors such as finance, consulting, policy analysis, and logistics.

Students will engage in modules covering advanced econometric methods, stochastic processes, linear and nonlinear optimization, simulation techniques, and data analysis. The program emphasizes practical application through case studies, data-driven decision-making, and the use of industry-standard software tools. It is designed to foster strong analytical thinking, technical proficiency, and problem-solving abilities, thereby enabling graduates to contribute to evidence-based decision-making and policy formulation.

The master's program typically spans one year (or two years for part-time students), culminating in a research project or thesis that allows students to apply their acquired knowledge to a specific problem in the field of econometrics or operations research. Maastricht University’s multidisciplinary approach encourages collaboration with other departments and integrates theoretical knowledge with practical skills, ensuring students are well-prepared for careers in academia, government agencies, or private industry.

The university's innovative Problem-Based Learning (PBL) methodology supports active learning and peer collaboration, enhancing critical thinking and communication skills. Admission requirements include a relevant bachelor's degree, proficiency in English, and a strong quantitative background. Graduates from this program are equipped to pursue careers as data analysts, quantitative researchers, policy advisors, or operations managers, among other roles requiring advanced analytical expertise in economic and operational contexts.