Econometrics and Operations Research
I remember when we just started learning mathematics in high school. I was one of many who questioned the teacher about the purpose of those abstract figures and symbols. Years later, I became aware of the numerous ways of applying math to economics. After visiting several universities I decided to study Econometrics at Erasmus School of Economics (ESE), and I am really glad I did!
Econometrics is a quite challenging, yet rewarding programme. If you find yourself enjoying mathematics and interested in economics, this might be the perfect study for you! Furthermore, ESE offers an international programme with a multicultural classroom. You will meet peers from all over the world and this creates the possibility to get to know different cultures while studying together.
Besides studying, you can engage in many different activities. As Rotterdam is a vibrant city, it offers various ways to create an amazing student life. Besides FAECTOR, the study association for Econometrics students in Rotterdam, there are tons of student associations you can join, ranging from sports to stocks. You will meet people from different environments, and before you know it you will feel at home!
Do you have a question for Cynthia? Send her an email.
I have been very passionate about mathematics for as long as I remember. It was at the end of my time at high school that I realised that I mostly enjoyed its application in fields such as physics and econometrics. After careful consideration, I chose to study Econometrics and Operations Research due to the diverse nature of the study programme, which allows students to pursue careers in countless disciplines involving mathematics. I have no regrets whatsoever.
Throughout my studies, I realised that my greatest interest is in statistics and probability theory, which reveal surprisingly counter-intuitive results such as the solution of the famous Monty Hall problem. During the first year, I was mostly focused on getting used to university life. I soon noticed, however, that Erasmus University provided numerous ways to develop and challenge myself besides regular studies. It was in my second year that I decided to use these opportunities by becoming a Teaching Assistant and joining the Education Committee. I also opted to pursue the Erasmus Honours Programme in order to experience various other disciplines.
I would recommend every student to develop themselves besides their study programme by making full use of all opportunities Erasmus School of Economics offers. Your time at university is not merely about studying, it is about challenging yourself in ways you have never done before. Remember: a smooth sea has never made a skilled sailor.
I am currently doing International Econometrics and Operations Research. To be honest, Econometrics wasn’t my initial choice of study but I took it into consideration because it combines Economics and Mathematics: two subjects I excel in. I decided to go to an Open Day at Erasmus and I was very impressed with the course.
Throughout the first year of my bachelor, I wasn’t sure what we were doing and where this was leading to. However, slowly but surely, I noticed how this is used in real life situations and it becomes really motivating that the more you learn, the more ‘doors open’ to understand how the economy works and how it is used in everyday life.
Rotterdam is a beautiful and student oriented city. Close to Erasmus University there are international oriented places such as a student hotel where you can socialize with fellow students.
In addition, I joined the RAGNAR, a swimming/waterpolo club and PASSING SHOT, a tennis club. It is a lot of fun and quite affordable. Outside Erasmus, it is always nice to take a break, go to a restaurant or clubs at night.
What I would advise to fully enjoy this study and be able to get the maximum out of your potential is to stay consistent with your studies, keep up your ambition to motivate yourself and use the opportunities that Erasmus provides you such as Banking Tours and Investment Societies.
Although it was an almost non-existent field just 50 years ago, econometrics and operations research has permeated every aspect of our society on a fundamental level. As the fastest growing academic field on the planet, econometrics has become paramount in all sorts of things: from predicting movements in financial assets and forecasting demand for new products, to deciding the most optimal allocation of organs for transplants in hospitals. This revolutionary aspect and fast-paced development in the field of econometrics makes it an extremely exciting study. In fact, it was a major reason for me why I decided to study it.
As well as being revolutionary, econometrics affords excellent career prospects, the best out of all non-doctoral programmes in the Netherlands. Many of the best careers as well as best paying careers, such as an actuary, and quantitative financial analyst are associated with econometrics.
Be warned though, that if your interests lay primarily in business and economics, this may not be the programme for you. The Econometrics and Operations Research programme at Erasmus School of Economics Rotterdam is almost entirely mathematics, with just a few supplementary economics, programming and business courses. If you possess a great aptitude for mathematics, however, I strongly recommend this programme to you.