Want to discover if the Bachelor's in Econometrics is the right programme for you? Get to know the programme and find out.
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.
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.
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.
No, there are no differences.
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.
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).
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.
In general, education activities for all students are currently online. We organise several activities so you can meet your fellow students and feel at home at the university. It goes without saying that we cannot predict what the situation will be like when the new academic year starts in September 2021. In any case, if necessary, we are prepared to offer students interactive online education in a variety of formats, along with a wide range of social activities.
Hi, I'm Arjola! I'm a Bachelor’s student in Econometrics from Albania. Got questions about studying at the UvA? Get in touch via our chat tool.Ask Arjola your questions