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Actuarial Science

Universiteit van Amsterdam

  • Beschrijving
  • Overzicht

In Actuarial Science, you will learn to make the complex considerations involved in risk management.


Should a smoker pay more for health insurance than a non-smoker? Actuaries assess risks, a task that requires meticulous consideration. The relationship between chance and financial risks is the main focus. Thousands of factors that influence our lives are formulated into a hazard model that emulates reality as closely as possible. These models are constantly updated to ensure they accurately reflect interest rates, inflation and other rising costs, as well as demographic, ethical, legal and fiscal developments. How likely is it that a factory will burn down? What would be the financial damage if that were to unexpectedly happen? What is the likelihood of you living to 110 so that your pension fund has to pay out for 45 years? You analyse the data, make all the calculations, and then you reach a decision or issue your recommendation. Actuarial Science is therefore an exact degree programme, providing you with a unique insight into society and people's lives.

Should a smoker pay more for health insurance than a non-smoker? Actuaries assess risks, a task that requires meticulous consideration. The relationship between chance and financial risks is the main focus. Thousands of factors that influence our lives are formulated into a hazard model that emulates reality as closely as possible. These models are constantly updated to ensure they accurately reflect interest rates, inflation and other rising costs, as well as demographic, ethical, legal and fiscal developments. How likely is it that a factory will burn down? What would be the financial damage if that were to unexpectedly happen? What is the likelihood of you living to 110 so that your pension fund has to pay out for 45 years? You analyse the data, make all the calculations, and then you reach a decision or issue your recommendation. Actuarial Science is therefore an exact degree programme, providing you with a unique insight into society and people's lives.

Vooropleiding

Profiel Extra vakken
Cultuur en Maatschappij wiskunde B
Economie en Maatschappij wiskunde B
Natuur en Gezondheid wiskunde B
Natuur en Techniek
HBO propedeuse aangevuld met Wiskunde B op VWO niveau


Kosten
2018 Full-time Institutioneel € 7500 / jaar
2018 Full-time Internationaal € 9250 / jaar
2018 Full-time Wettelijk voorgeschreven € 2060 / jaar

1st year

For more information on the curriculum visit www.coursecatalogue.uva.nl -> search programmes

admission

The Mathematics entrance test applies to applicants with a foreign diploma. If you have a Dutch vwo diploma with Mathematics B, you will be unconditionally admitted to the programme.

characteristics

We are the only university in the Netherlands offering Actuarial Science as both a Bachelor's and Master's programme. We also offer a post-Master's programme (in Dutch) that is required in order to register with the Actuarial Association. The UvA is a world class centre of research and teaching, commited to original, critical scientific reasoning. We apply an interactive style of teaching, that encourages you to think independently. You will benefit from the quality of your UvA degree for sure.

job perspective

Actuaries have excellent prospects on the labour market. Actuaries are essential for conducting risk management at financial institutions, and the Actuarial Science programme constantly anticipates future developments and societal needs. For example, at the moment, there is a great deal of demand for financially and economically trained actuaries.

The function of actuary was ranked the number one job in de SEO and Elsevier's Study & Work Survey 2015. You not only earn an excellent salary (starting salary is approximately €3000,- gross per month), there's also a good chance you will be offered a permanent contract, an attractive benefits package, and you are qualified to commence work immediately after completing the programme. Actuaries also score high in job satis-
faction ratings and can often set their own working hours.

Actuaries can work for:
* insurance companies
* pension funds
* banks
* consultancies
* the Dutch Central Bank (the regulatory authority),
* other financial institutions and organisations
* government bodies

study abroad

Our international university participates in a large number of collaborative and exchange programmes. We actively encourage you to expand your horizon by studying a semester abroad.
http://studyabroad.uva.nl/

study advise

The College of Economics & Business applies a binding advice regarding continuation of studies (BSA). This means that you must earn at least 48 of the 60 ECTS credits in the first year, including the Mathematics 1 course. Regular contact with your study advisers regarding your progress ensures that any problems can be quickly identified and resolved.

1st year

The first year is all about your basic knowledge of mathematics, statistics and economics. During the orientational courses, you will make acquaintance with the quantitative economics programmes: Actuarial Science, Econometrics, and Operations Research & Management. You will learn to work with advanced mathematical and statistical software such as Matlab, R and Eviews.

characteristics

We are the only university in the Netherlands offering Actuarial Science as both a Bachelor's and Master's programme. We also offer a post-Master's programme in Dutch that is required in order to register with the Actuarial Association.

job perspective

Actuaries have excellent prospects on the labour market. Actuaries are essential for conducting risk management at financial institutions, and the Actuarial Science programme constantly anticipates future developments and societal needs. For example, at the moment, there is a great deal of demand for financially and economically trained actuaries.
Actuaries can work for:
* insurance companies
* pension funds
* banks
* consultancies
* the Dutch Central Bank (the regulatory authority),
* other financial institutions and organisations
* government bodies

study advise

The College of Economics & Business applies a binding advice regarding continuation of studies (BSA). This means that you must earn at least 48 of the 60 ECTS credits in the first year, including the Mathematics 1 course. Regular contact with your study advisers regarding your progress ensures that any problems can be quickly identified and resolved.

Niveau WO
Vorm Full-time
Incompany Nee
Open inschrijving Nee
Type Bachelor (HBO)
Kosten (indicatie) Meer dan €4550
Titulatuur Geen titel
Benodigde taalkennis Engels
Gefinancierd Regering
Afronding Diploma
Credits 180