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Finance: Duisenberg Honours Programme in Quantitative Risk Management

Do you have a strong quantitative background? Are you curious, inquisitive and have a strong work ethos? And are you not afraid of a challenge – even more so, do you prefer the harder the better?

Then the Duisenberg Honours Programme in Quantiative Risk Management is the right programme for you!

Check if you meet the programme requirements and sign up

  • I have a School of Business and Economics Degree

    Duisenberg Honours Programme in Quantitative Risk Management is a highly selective and challenging programme for those students who have a strong quantitative focus which they want to apply in all areas of quant finance and risk management. You have a bachelor degree in mathematics, statistics, econometrics or engineering, or you have an economics bachelor but you also followed and successfully completed a number of quantitative courses. You can programme in at least one algorithmic language. You are fascinated by the way financial markets operate. If the above applies to you, this programme will be a perfect continuation of your studies and your gateway to the world of finance.

    Admission requirements

    With a Bachelor's degree in Mathematics or Econometrics and Operations Research from Vrije Universiteit Amsterdam you are admissible to this programme, provided you have sufficient interest in and affiliation with finance and you successfully finished the 3d year course “Investments” or any other investments course on the level of the book Bodie, Kane, Marcus (1996), Investments.

    With a Bachelor's degree in (International) Business Administration, Economics and Business Economics, you are admissible to this programme, provided you have demonstrated your quantitative abilities (for example, by successfully finishing Econometrics minor) and/or you have successfully finished the following courses:

    Generally, admission requirements can be found in this document

    This MSc is an honours programme, which means we select the students for this programme on the basis of:

    • Motivation letter
    • Grade average achieved in the Bachelor programme
    • CV
    • Sample of academic writing
    • Affiliation with finance, which can be demonstrated by means of e.g. bachelor thesis on a finance-related topic and/or internship in a financial institution

    Services for international (EBE, EOR, IBA) students / Residence permit:

    If you are planning to continue your studies at Vrije Universiteit Amsterdam after your SBE Bachelor, please contact the Central Admission’s Support Team of Vrije Universiteit Amsterdam for further information and specific questions about the offered services for international students like extending your residence permit. You will need to apply for an extension of your residence permit if you continue your studies at Vrije Universiteit Amsterdam.

  • I have a Dutch university level (WO) bachelor’s degree (VU bachelor’s degree, VU premaster or bachelor’s degree at another university)

    Duisenberg Honors Program in Quantitative Risk Management is a highly selective and challenging program for those students who have a strong quantitative focus which they want to apply in all areas of quant finance and risk management. You have a bachelor degree in mathematics, statistics, econometrics or engineering, or you have an economics bachelor but you also followed and successfully completed a number of quantitative courses. You can program in at least one algorithmic language. You are fascinated by the way financial markets operate. If the above applies to you, this program will be a perfect continuation of your studies and your gateway to the world of finance.

    Admission requirements

    The Duisenberg honours programme Quantitative Risk Management is open to students with a university Bachelor's degree that provides a thorough knowledge in mathematics, econometrics,  statistics and probability theory, as well as knowledge of basic investment theory and programming. Also: students should be familiar with a theorem-proof type teaching style for some of the more mathematical courses.

    You need to have successfully completed courses and studied literature related to the core of this programme, consisting of (or equivalents of):

    • Calculus
      Edwards, C.H., and D.E. Penney (2002), Calculus with analytic Geometry (with early transcendentals, matrix version). Prentice Hall
    • Investments
      Bodie, Kane, Marcus (1996), Investments. [integral]
    • Statistics
      Rice, J. (1995, 2nd ed.), Mathematical Statistics and data analysis. Duxbury Press
    • Probability
      S.M. Ross, A First Course in Probability, Prentice-Hall, 2002
    • Econometrics
      Stock & Watson (2010), Introduction to Econometrics
    • Programming Language
      Knowledge of Matlab, C++, R, Python or a similar language

    This MSc is an honours programme, which means we select the students for this program on the basis of:

    • Motivation letter
    • Grade average achieved in the Bachelor program
    • CV
    • Sample of academic writing
    • Affiliation with finance, which can be demonstrated by means of e.g. bachelor thesis on a finance-related topic and/or internship in a financial institution

    Approval is in most cases given to students who hold a Bachelor degree in:

    • Econometrics
    • Economics with strong quantitative elements
    • Engineering
    • Physics
    • Computer Science
    • (Applied) Mathematics

    The programme also invites applications of students in related sciences with a strong emphasis on quantitative methods and modelling.

    With a Bachelor's degree in (International) Business Administration, Economics or Econometrics and Operations Research from Dutch Universities you can review this document. Any additional admission requirements can be found on the Curriculum page of this website.

    Please note: this information is only meant as an indication of your admissibility. No rights can be derived from this table. This document is based on the obligatory courses and does not take electives into account. Students are recommended to apply for the Master via Studielink (without obligation) to find out if additional courses need to be completed. Every application will be reviewed individually by the Admission Board. The final admission decision may differ from the indication in this table. If your programme is not listed but contains enough relevant courses, please feel free to apply.

  • Application procedure with a Dutch degree

    Application procedure

    To enrol in the programme submit your enrolment application via Studielink

    Please note: in Studielink you can apply for the Master in Finance and in VUnet you can select the specialization Duisenberg honours programme in Quantitative Risk Management.

    Step 1:

    Apply for the programme MSc Finance via Studielink before 1 June. You can apply for the specialization in VUnet (see step 2).

    Step 2:
    After application in Studielink, you will receive a VUnet-ID and password. Please complete your application in VUnet by answering additional questions, affirming your choice for the specialization Duisenberg honours programme in Quantitative Risk Management and uploading the following document: a formal transcript of your bachelor grades. Your transcript must include an average score (GPA).

    Step 3:

    To apply for admission you should send a request to the admissions board. You have to add the following documents:

    • Curriculum Vitae
    • Thesis (or another sample of academic writing)
    • Motivation letter
    • Sample of academic writing

    You can send your request per email until 1 June to toelating.sbe@vu.nl.

    Please note: we can only process your application when your choice of specialization is selected in VUnet and you send all documents in time to toelating.sbe@vu.nl.

    Step 4:

    The admission committee will assess if you meet the admission criteria and will inform you about the decision via email.

    More information regarding registration WO-bachelors, see the VU website (in Dutch).

  • I have an international degree

    Admission requirements

    Duisenberg Honours Programme in Quantitative Risk Management is a highly selective and challenging program for those students who have a strong quantitative focus which they want to apply in all areas of quant finance and risk management. You have a bachelor degree in mathematics, statistics, econometrics or engineering, or you have an economics bachelor but you also followed and successfully completed a number of quantitative courses. You can program in at least one algorithmic language. You are fascinated by the way financial markets operate. If the above applies to you, this program will be a perfect continuation of your studies and your gateway to the world of finance.

    In order to gain admission to our Master’s programme, you need to have at least a Bachelor’s degree from an accredited research university including at least three full years of academic study amounting to a minimum of 180 EC or equivalent. We do not require a GRE or GMAT test score.

    All students should possess sufficient mathematics, econometrics, statistics and probability theory knowledge, as well as knowledge of basic investment theory and programming. Also: students should be familiar with a theorem-proof type teaching style for some of the more mathematical courses

    You need to have successfully completed courses and studied literature related to the core of this programme, consisting of (or equivalents of):

    • Calculus - Edwards, C.H., and D.E. Penney (2002), Calculus with analytic Geometry (with early transcendentals, matrix version). Prentice Hall
    • Investments - Bodie, Kane, Marcus (1996), Investments. [integral]
    • Statistics - Rice, J. (1995, 2nd ed.), Mathematical Statistics and data analysis. Duxbury Press
    • Probability - S.M. Ross, A First Course in Probability, Prentice-Hall, 2002
    • Econometrics - Stock & Watson (2010), Introduction to Econometrics
    • Programming Language - Knowledge of Matlab, C++, R, Python or a similar language

    English language requirements

    The admission board wants to stress the intensity of the programme: reading scientific articles and writing papers will be a key part, all in a very high pace. Your English language skills, both oral and written, are extremely important in this programme. As you will have to communicate frequently with your fellow students and you will be working with and for international companies.

    VU Amsterdam requires all applicants to take an English test. You can, however, begin your application without having the test results. Exceptions are made for students who have completed a bachelor or master in Canada, USA, UK, Ireland, New Zealand or Australia.

    The minimum English language proficiency requirements for admission to this Master's programme are:

    IELTS (academic): 
    - Minimum general score 6.5 
    - Minimum score speaking 6.5 
    - Minimum score listening 6.5 
    - Minimum score writing 6.0 
    - Minimum score reading 6.0 
    TOEFL Internet-based test: 92 overall
    Cambridge Certificate in Advanced English (CAE): A, B, C
    Cambridge Certificate of Proficiency in English (CPE): A, B, C

    Please note that students who need a study visa must submit their English test results before 1 June. All other students have to submit the test certificate before 31 August (preferably sooner).

    TOEFL and IELTS tests must have been completed no more than two years before 1 September of the year in which your course starts. Note that TOEFL MyBestScore is not accepted. Our institution code is 7947.

    A PDF copy of your English test result can be sent to the following email (for non-Dutch degree holders): masters.sbe@vu.nl
    The general requirements regarding language proficiency are found here.

  • Application procedure with an international degree

    Applying with an international degree

    If you have read the admission criteria and feel you are eligible for admission, please take the following steps to submit your application. Note that the initial application procedure is fully online and that scans of your original documents are required.

    Step 1: Review the admission criteria

    Step 2: Prepare your documents and apply online  
    Please prepare the following documents. You can find an explanation of each document on the application page. All documents should be provided in English.

    • Copy of your valid passport or ID (only for EU citizens)
    • Curriculum Vitae
    • Motivation letter
    • Transcript of records
    • A description of the courses you have taken during your previous higher education, that are relevant with respect to the ‘admission requirements (with an international degree)’. Don’t forget to mention the main literature used for the courses you took and the number of credits/class hours. Please use this format.
    • Thesis (or another sample of academic writing). If your thesis was not written in English, please submit the original with an added summary of about 3 pages in English.

    Step 3: Await the decision on admission
    The admission board will review your application as soon as it is complete. Normally this takes about four weeks, but it might take longer in busy periods so be sure to apply as soon as possible. If you are admitted to theprogramme, you will receive a letter of conditional admission by email. 

    Step 4: Finalise your registration!
    Make sure to finalise your registration as a student before the start of the programme. Here you will find an explanation on what to do after you are admitted. When all of the conditions are met, you will be ready to start your programme at Vrije Universiteit Amsterdam! 

    Application fee & deadlines

    All students seeking admission to an international Bachelor’s or Master’s programme with an international degree are required to pay a non-refundable €100 application fee. Only after you have paid this fee will we be able to start the evaluation of your application file. If you are applying for more than one programme, you will only need to pay the application fee once. Your application fee payment is valid for two years.

    Information on how to apply with an international university degree and deadlines can be found here.
    For more information, international students may also contact the International Student Advisor: masters.sbe@vu.nl.

    Grants and scholarships

    International students can apply to several scholarships. For all VU scholarships, please see www.vu.nl/scholarships. Any available external grant or scholarship can be found through www.grantfinder.nl.

    International Student and Alumni Ambassadors

    Our International Student and Alumni Ambassadors are happy to tell you all about their experiences with studying at VU Amsterdam and living in Amsterdam.

    • Our Student Ambassadors are current students at VU Amsterdam that represent a wide variety of programmes and countries.
    • Our International Alumni Ambassadors are VU Amsterdam graduates who are currently either working in the Netherlands or abroad, or doing a PhD or (second) Master's.

    You will find the full overview of our Ambassadors here: vu.nl/ambassadors. There you can chat with them directly.

Want to know more?

Don't hesitate to contact us!

For general questions, please send an e-mail to contact@vu.nl.

Are you a Dutch student? Please send your admission questions to toelating.sbe@vu.nl / admissions.sbe@vu.nl. For practical questions (tuition fee, Studielink or your personal dashboard on vu.nl) please contact studentdesk@vu.nl.

Call us on +31 20 5985000 (on working days from 10.00 till 16.00)

International diploma applicants

Do you have any questions about the application or admission procedure? International diploma applicants are welcome to send an e-mail to masters.sbe@vu.nl or book a phone appointment to get in touch with the International Student Advisor of this programme.

If you have questions about the tuition fee, Studielink or your personal dashboard on vu.nl, please contact the Student Desk: studentdesk@vu.nl.

Contact

  • Leanne Schrijver
  • International Student Advisor
  • School of Business and Economics
  • masters.sbe@vu.nl
  • Wouter Tuijnman
  • International Student Advisor
  • School of Business and Economics
  • masters.sbe@vu.nl
Wouter Tuijnman