WELCOMEInformation session

MSc QFAS

November 26th 2014

Focus of the QFAS master

2

Quantitative Finance

bull valuation

bull investment

bull risk management

Actuarial Science

bull insurance

bull pensions

bull risk management

Examples of thesis titles (2014)

3

The effect of retirement on health Evidence from 17

European countries (Myrthe Dekker PwC)

PD model performance and profitability in bank lending

(Geert Jan den Hertog Rabobank)

Pension contributions and the economic value of the

accrued pension entitlements in Dutch second pillar

pension schemes (Pieter Kerkhof PGGM)

Exchange Traded Fund option pricing with an

application to the SampP 500 index (Dmitriy Silov Flow

Traders)

Master Program (one year)

4

ECTS

Core courses (cluster A) 24

Elective 1 + 2 (cluster B) 12

Elective 3 (cluster C) 6

Master Thesis 18

total 60

Schedule

bull Two entry moments September and February

bull Entry in September

bull Fall semester 5 courses

bull Spring semester 2 courses + Masterrsquos thesis

bull Entry in February

bull Spring semester 5 courses

bull Fall semester 2 courses + Masterrsquos thesis

5

QFAS Cluster A courses (24 EC)

6

bull Fall semester

bull Financial Models

bull Empirical Finance

bull Pension System Design

bull Spring semester

bull Issues in Finance and Insurance

bull Asset Liability Management

bull Dynamic Real Investment

Contents of core courses (fall semester)

7

bull Financial Models

Pricing of uncertain cashflows contingent claims analysis and risk

management Applications to equity derivatives and term structure

products Includes numerical methods (Monte Carlo hellip)

bull Empirical Finance

Applications of econometric techniques (regression time series

GMM ML) to financial markets (efficient market hypothesis asset

return predictability factor models behavioral finance hellip)

bull Pension System Design

Individual vs collective solutions annuities determinants of

choices in retirement planning risk sharing within collective

systems international comparison

Contents of core courses (spring semester)

8

bull Asset Liability Management

Long-term investment aimed at meeting specified objectives

(liabilities) Construction of ALM models term structure models

Classical ALM value-based ALM utility-based ALM

bull Issues in Finance and Insurance

Decisions under uncertainty risk measures behavioral asset

pricing pricing in incomplete markets allocation of risk capital

modeling of dependence Emphasis on discussion meetings

bull Dynamic Real Investment

Analysis of the investment behavior of firms on the basis of

deterministic and stochastic optimization models Situantions of

monopoly perfect competition and oligopoly

Guidelines for electives

9

bull Category B

bull broad field of Finance and Insurance (including Corporate

Finance)

bull relevant quantitative courses

bull Category C

bull broad field of Economics and Business

Selected electives (out of 20+ options)

10

bull Broaden your skills

bull Microeconometrics (Fall)

bull Panel Data Analysis of Microeconomic Decisions (Fall)

bull Dynamic Models and their Applications (Spring)

bull Nonlinear and Robust Optimization (Fall)

bull Broaden your knowledge of Finance and Actuarial Science

bull The Economics and Finance of Pensions (Fall)

bull Investment Analysis of Pensions and Insurance (Fall)

bull Advanced Corporate Finance (Fall)

bull Investment Analysis (Fall)

bull Seminar Financial Markets and Institutions (Spring)

bull Financial Analysis and Investor Behavior (Spring)

Teaching methods

11

bull Teaching in small groups

bull Variety of teaching methods including

bull Group discussions

bull Guest lectures in which practitioners illustrate the use in

practice of the theory covered in the courses

bull Challenging assignments that help you develop your

problem-solving skills using real-life data

bull Presentations and discussions of scientific articles

bull Essay writing

Netspar Track

bull Specialization in four TiSEM MSc Programsbull Finance

bull Economics

bull Econometrics and Mathematical Economics

bull Quantitative Finance and Actuarial Science

bull Common course for all Netspar Track students bull Economics and Finance of Pensions by Professor Lans Bovenberg

bull For QFAS Two mandatory courses within cluster Abull Pension System Design (Fall)

bull Asset Liability Management (Spring)

What we offer to you

bull Monthly activities program including bull Company visits

bull Junior Pension Day (Master thesis)

bull Discussions and (guest) lectures on hot topics

bull Internship program with Netsparrsquos partners

bull Access to Netspar Network

bull Netspar Thesis Awards

bull Netspar certificate with your Master diploma

What we expect of youbull Visit Netspar introduction meeting

bull Attend 5 out of 7 Netspar activities organized on a monthly basis

throughout every academic year

bull Attend and pass your (mandatory) courses

bull Thesis on Netspar related topic (internship real life case etc)

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

Focus of the QFAS master

2

Quantitative Finance

bull valuation

bull investment

bull risk management

Actuarial Science

bull insurance

bull pensions

bull risk management

Examples of thesis titles (2014)

3

The effect of retirement on health Evidence from 17

European countries (Myrthe Dekker PwC)

PD model performance and profitability in bank lending

(Geert Jan den Hertog Rabobank)

Pension contributions and the economic value of the

accrued pension entitlements in Dutch second pillar

pension schemes (Pieter Kerkhof PGGM)

Exchange Traded Fund option pricing with an

application to the SampP 500 index (Dmitriy Silov Flow

Traders)

Master Program (one year)

4

ECTS

Core courses (cluster A) 24

Elective 1 + 2 (cluster B) 12

Elective 3 (cluster C) 6

Master Thesis 18

total 60

Schedule

bull Two entry moments September and February

bull Entry in September

bull Fall semester 5 courses

bull Spring semester 2 courses + Masterrsquos thesis

bull Entry in February

bull Spring semester 5 courses

bull Fall semester 2 courses + Masterrsquos thesis

5

QFAS Cluster A courses (24 EC)

6

bull Fall semester

bull Financial Models

bull Empirical Finance

bull Pension System Design

bull Spring semester

bull Issues in Finance and Insurance

bull Asset Liability Management

bull Dynamic Real Investment

Contents of core courses (fall semester)

7

bull Financial Models

Pricing of uncertain cashflows contingent claims analysis and risk

management Applications to equity derivatives and term structure

products Includes numerical methods (Monte Carlo hellip)

bull Empirical Finance

Applications of econometric techniques (regression time series

GMM ML) to financial markets (efficient market hypothesis asset

return predictability factor models behavioral finance hellip)

bull Pension System Design

Individual vs collective solutions annuities determinants of

choices in retirement planning risk sharing within collective

systems international comparison

Contents of core courses (spring semester)

8

bull Asset Liability Management

Long-term investment aimed at meeting specified objectives

(liabilities) Construction of ALM models term structure models

Classical ALM value-based ALM utility-based ALM

bull Issues in Finance and Insurance

Decisions under uncertainty risk measures behavioral asset

pricing pricing in incomplete markets allocation of risk capital

modeling of dependence Emphasis on discussion meetings

bull Dynamic Real Investment

Analysis of the investment behavior of firms on the basis of

deterministic and stochastic optimization models Situantions of

monopoly perfect competition and oligopoly

Guidelines for electives

9

bull Category B

bull broad field of Finance and Insurance (including Corporate

Finance)

bull relevant quantitative courses

bull Category C

bull broad field of Economics and Business

Selected electives (out of 20+ options)

10

bull Broaden your skills

bull Microeconometrics (Fall)

bull Panel Data Analysis of Microeconomic Decisions (Fall)

bull Dynamic Models and their Applications (Spring)

bull Nonlinear and Robust Optimization (Fall)

bull Broaden your knowledge of Finance and Actuarial Science

bull The Economics and Finance of Pensions (Fall)

bull Investment Analysis of Pensions and Insurance (Fall)

bull Advanced Corporate Finance (Fall)

bull Investment Analysis (Fall)

bull Seminar Financial Markets and Institutions (Spring)

bull Financial Analysis and Investor Behavior (Spring)

Teaching methods

11

bull Teaching in small groups

bull Variety of teaching methods including

bull Group discussions

bull Guest lectures in which practitioners illustrate the use in

practice of the theory covered in the courses

bull Challenging assignments that help you develop your

problem-solving skills using real-life data

bull Presentations and discussions of scientific articles

bull Essay writing

Netspar Track

bull Specialization in four TiSEM MSc Programsbull Finance

bull Economics

bull Econometrics and Mathematical Economics

bull Quantitative Finance and Actuarial Science

bull Common course for all Netspar Track students bull Economics and Finance of Pensions by Professor Lans Bovenberg

bull For QFAS Two mandatory courses within cluster Abull Pension System Design (Fall)

bull Asset Liability Management (Spring)

What we offer to you

bull Monthly activities program including bull Company visits

bull Junior Pension Day (Master thesis)

bull Discussions and (guest) lectures on hot topics

bull Internship program with Netsparrsquos partners

bull Access to Netspar Network

bull Netspar Thesis Awards

bull Netspar certificate with your Master diploma

What we expect of youbull Visit Netspar introduction meeting

bull Attend 5 out of 7 Netspar activities organized on a monthly basis

throughout every academic year

bull Attend and pass your (mandatory) courses

bull Thesis on Netspar related topic (internship real life case etc)

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

Examples of thesis titles (2014)

3

The effect of retirement on health Evidence from 17

European countries (Myrthe Dekker PwC)

PD model performance and profitability in bank lending

(Geert Jan den Hertog Rabobank)

Pension contributions and the economic value of the

accrued pension entitlements in Dutch second pillar

pension schemes (Pieter Kerkhof PGGM)

Exchange Traded Fund option pricing with an

application to the SampP 500 index (Dmitriy Silov Flow

Traders)

Master Program (one year)

4

ECTS

Core courses (cluster A) 24

Elective 1 + 2 (cluster B) 12

Elective 3 (cluster C) 6

Master Thesis 18

total 60

Schedule

bull Two entry moments September and February

bull Entry in September

bull Fall semester 5 courses

bull Spring semester 2 courses + Masterrsquos thesis

bull Entry in February

bull Spring semester 5 courses

bull Fall semester 2 courses + Masterrsquos thesis

5

QFAS Cluster A courses (24 EC)

6

bull Fall semester

bull Financial Models

bull Empirical Finance

bull Pension System Design

bull Spring semester

bull Issues in Finance and Insurance

bull Asset Liability Management

bull Dynamic Real Investment

Contents of core courses (fall semester)

7

bull Financial Models

Pricing of uncertain cashflows contingent claims analysis and risk

management Applications to equity derivatives and term structure

products Includes numerical methods (Monte Carlo hellip)

bull Empirical Finance

Applications of econometric techniques (regression time series

GMM ML) to financial markets (efficient market hypothesis asset

return predictability factor models behavioral finance hellip)

bull Pension System Design

Individual vs collective solutions annuities determinants of

choices in retirement planning risk sharing within collective

systems international comparison

Contents of core courses (spring semester)

8

bull Asset Liability Management

Long-term investment aimed at meeting specified objectives

(liabilities) Construction of ALM models term structure models

Classical ALM value-based ALM utility-based ALM

bull Issues in Finance and Insurance

Decisions under uncertainty risk measures behavioral asset

pricing pricing in incomplete markets allocation of risk capital

modeling of dependence Emphasis on discussion meetings

bull Dynamic Real Investment

Analysis of the investment behavior of firms on the basis of

deterministic and stochastic optimization models Situantions of

monopoly perfect competition and oligopoly

Guidelines for electives

9

bull Category B

bull broad field of Finance and Insurance (including Corporate

Finance)

bull relevant quantitative courses

bull Category C

bull broad field of Economics and Business

Selected electives (out of 20+ options)

10

bull Broaden your skills

bull Microeconometrics (Fall)

bull Panel Data Analysis of Microeconomic Decisions (Fall)

bull Dynamic Models and their Applications (Spring)

bull Nonlinear and Robust Optimization (Fall)

bull Broaden your knowledge of Finance and Actuarial Science

bull The Economics and Finance of Pensions (Fall)

bull Investment Analysis of Pensions and Insurance (Fall)

bull Advanced Corporate Finance (Fall)

bull Investment Analysis (Fall)

bull Seminar Financial Markets and Institutions (Spring)

bull Financial Analysis and Investor Behavior (Spring)

Teaching methods

11

bull Teaching in small groups

bull Variety of teaching methods including

bull Group discussions

bull Guest lectures in which practitioners illustrate the use in

practice of the theory covered in the courses

bull Challenging assignments that help you develop your

problem-solving skills using real-life data

bull Presentations and discussions of scientific articles

bull Essay writing

Netspar Track

bull Specialization in four TiSEM MSc Programsbull Finance

bull Economics

bull Econometrics and Mathematical Economics

bull Quantitative Finance and Actuarial Science

bull Common course for all Netspar Track students bull Economics and Finance of Pensions by Professor Lans Bovenberg

bull For QFAS Two mandatory courses within cluster Abull Pension System Design (Fall)

bull Asset Liability Management (Spring)

What we offer to you

bull Monthly activities program including bull Company visits

bull Junior Pension Day (Master thesis)

bull Discussions and (guest) lectures on hot topics

bull Internship program with Netsparrsquos partners

bull Access to Netspar Network

bull Netspar Thesis Awards

bull Netspar certificate with your Master diploma

What we expect of youbull Visit Netspar introduction meeting

bull Attend 5 out of 7 Netspar activities organized on a monthly basis

throughout every academic year

bull Attend and pass your (mandatory) courses

bull Thesis on Netspar related topic (internship real life case etc)

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

Master Program (one year)

4

ECTS

Core courses (cluster A) 24

Elective 1 + 2 (cluster B) 12

Elective 3 (cluster C) 6

Master Thesis 18

total 60

Schedule

bull Two entry moments September and February

bull Entry in September

bull Fall semester 5 courses

bull Spring semester 2 courses + Masterrsquos thesis

bull Entry in February

bull Spring semester 5 courses

bull Fall semester 2 courses + Masterrsquos thesis

5

QFAS Cluster A courses (24 EC)

6

bull Fall semester

bull Financial Models

bull Empirical Finance

bull Pension System Design

bull Spring semester

bull Issues in Finance and Insurance

bull Asset Liability Management

bull Dynamic Real Investment

Contents of core courses (fall semester)

7

bull Financial Models

Pricing of uncertain cashflows contingent claims analysis and risk

management Applications to equity derivatives and term structure

products Includes numerical methods (Monte Carlo hellip)

bull Empirical Finance

Applications of econometric techniques (regression time series

GMM ML) to financial markets (efficient market hypothesis asset

return predictability factor models behavioral finance hellip)

bull Pension System Design

Individual vs collective solutions annuities determinants of

choices in retirement planning risk sharing within collective

systems international comparison

Contents of core courses (spring semester)

8

bull Asset Liability Management

Long-term investment aimed at meeting specified objectives

(liabilities) Construction of ALM models term structure models

Classical ALM value-based ALM utility-based ALM

bull Issues in Finance and Insurance

Decisions under uncertainty risk measures behavioral asset

pricing pricing in incomplete markets allocation of risk capital

modeling of dependence Emphasis on discussion meetings

bull Dynamic Real Investment

Analysis of the investment behavior of firms on the basis of

deterministic and stochastic optimization models Situantions of

monopoly perfect competition and oligopoly

Guidelines for electives

9

bull Category B

bull broad field of Finance and Insurance (including Corporate

Finance)

bull relevant quantitative courses

bull Category C

bull broad field of Economics and Business

Selected electives (out of 20+ options)

10

bull Broaden your skills

bull Microeconometrics (Fall)

bull Panel Data Analysis of Microeconomic Decisions (Fall)

bull Dynamic Models and their Applications (Spring)

bull Nonlinear and Robust Optimization (Fall)

bull Broaden your knowledge of Finance and Actuarial Science

bull The Economics and Finance of Pensions (Fall)

bull Investment Analysis of Pensions and Insurance (Fall)

bull Advanced Corporate Finance (Fall)

bull Investment Analysis (Fall)

bull Seminar Financial Markets and Institutions (Spring)

bull Financial Analysis and Investor Behavior (Spring)

Teaching methods

11

bull Teaching in small groups

bull Variety of teaching methods including

bull Group discussions

bull Guest lectures in which practitioners illustrate the use in

practice of the theory covered in the courses

bull Challenging assignments that help you develop your

problem-solving skills using real-life data

bull Presentations and discussions of scientific articles

bull Essay writing

Netspar Track

bull Specialization in four TiSEM MSc Programsbull Finance

bull Economics

bull Econometrics and Mathematical Economics

bull Quantitative Finance and Actuarial Science

bull Common course for all Netspar Track students bull Economics and Finance of Pensions by Professor Lans Bovenberg

bull For QFAS Two mandatory courses within cluster Abull Pension System Design (Fall)

bull Asset Liability Management (Spring)

What we offer to you

bull Monthly activities program including bull Company visits

bull Junior Pension Day (Master thesis)

bull Discussions and (guest) lectures on hot topics

bull Internship program with Netsparrsquos partners

bull Access to Netspar Network

bull Netspar Thesis Awards

bull Netspar certificate with your Master diploma

What we expect of youbull Visit Netspar introduction meeting

bull Attend 5 out of 7 Netspar activities organized on a monthly basis

throughout every academic year

bull Attend and pass your (mandatory) courses

bull Thesis on Netspar related topic (internship real life case etc)

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

Schedule

bull Two entry moments September and February

bull Entry in September

bull Fall semester 5 courses

bull Spring semester 2 courses + Masterrsquos thesis

bull Entry in February

bull Spring semester 5 courses

bull Fall semester 2 courses + Masterrsquos thesis

5

QFAS Cluster A courses (24 EC)

6

bull Fall semester

bull Financial Models

bull Empirical Finance

bull Pension System Design

bull Spring semester

bull Issues in Finance and Insurance

bull Asset Liability Management

bull Dynamic Real Investment

Contents of core courses (fall semester)

7

bull Financial Models

Pricing of uncertain cashflows contingent claims analysis and risk

management Applications to equity derivatives and term structure

products Includes numerical methods (Monte Carlo hellip)

bull Empirical Finance

Applications of econometric techniques (regression time series

GMM ML) to financial markets (efficient market hypothesis asset

return predictability factor models behavioral finance hellip)

bull Pension System Design

Individual vs collective solutions annuities determinants of

choices in retirement planning risk sharing within collective

systems international comparison

Contents of core courses (spring semester)

8

bull Asset Liability Management

Long-term investment aimed at meeting specified objectives

(liabilities) Construction of ALM models term structure models

Classical ALM value-based ALM utility-based ALM

bull Issues in Finance and Insurance

Decisions under uncertainty risk measures behavioral asset

pricing pricing in incomplete markets allocation of risk capital

modeling of dependence Emphasis on discussion meetings

bull Dynamic Real Investment

Analysis of the investment behavior of firms on the basis of

deterministic and stochastic optimization models Situantions of

monopoly perfect competition and oligopoly

Guidelines for electives

9

bull Category B

bull broad field of Finance and Insurance (including Corporate

Finance)

bull relevant quantitative courses

bull Category C

bull broad field of Economics and Business

Selected electives (out of 20+ options)

10

bull Broaden your skills

bull Microeconometrics (Fall)

bull Panel Data Analysis of Microeconomic Decisions (Fall)

bull Dynamic Models and their Applications (Spring)

bull Nonlinear and Robust Optimization (Fall)

bull Broaden your knowledge of Finance and Actuarial Science

bull The Economics and Finance of Pensions (Fall)

bull Investment Analysis of Pensions and Insurance (Fall)

bull Advanced Corporate Finance (Fall)

bull Investment Analysis (Fall)

bull Seminar Financial Markets and Institutions (Spring)

bull Financial Analysis and Investor Behavior (Spring)

Teaching methods

11

bull Teaching in small groups

bull Variety of teaching methods including

bull Group discussions

bull Guest lectures in which practitioners illustrate the use in

practice of the theory covered in the courses

bull Challenging assignments that help you develop your

problem-solving skills using real-life data

bull Presentations and discussions of scientific articles

bull Essay writing

Netspar Track

bull Specialization in four TiSEM MSc Programsbull Finance

bull Economics

bull Econometrics and Mathematical Economics

bull Quantitative Finance and Actuarial Science

bull Common course for all Netspar Track students bull Economics and Finance of Pensions by Professor Lans Bovenberg

bull For QFAS Two mandatory courses within cluster Abull Pension System Design (Fall)

bull Asset Liability Management (Spring)

What we offer to you

bull Monthly activities program including bull Company visits

bull Junior Pension Day (Master thesis)

bull Discussions and (guest) lectures on hot topics

bull Internship program with Netsparrsquos partners

bull Access to Netspar Network

bull Netspar Thesis Awards

bull Netspar certificate with your Master diploma

What we expect of youbull Visit Netspar introduction meeting

bull Attend 5 out of 7 Netspar activities organized on a monthly basis

throughout every academic year

bull Attend and pass your (mandatory) courses

bull Thesis on Netspar related topic (internship real life case etc)

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

QFAS Cluster A courses (24 EC)

6

bull Fall semester

bull Financial Models

bull Empirical Finance

bull Pension System Design

bull Spring semester

bull Issues in Finance and Insurance

bull Asset Liability Management

bull Dynamic Real Investment

Contents of core courses (fall semester)

7

bull Financial Models

Pricing of uncertain cashflows contingent claims analysis and risk

management Applications to equity derivatives and term structure

products Includes numerical methods (Monte Carlo hellip)

bull Empirical Finance

Applications of econometric techniques (regression time series

GMM ML) to financial markets (efficient market hypothesis asset

return predictability factor models behavioral finance hellip)

bull Pension System Design

Individual vs collective solutions annuities determinants of

choices in retirement planning risk sharing within collective

systems international comparison

Contents of core courses (spring semester)

8

bull Asset Liability Management

Long-term investment aimed at meeting specified objectives

(liabilities) Construction of ALM models term structure models

Classical ALM value-based ALM utility-based ALM

bull Issues in Finance and Insurance

Decisions under uncertainty risk measures behavioral asset

pricing pricing in incomplete markets allocation of risk capital

modeling of dependence Emphasis on discussion meetings

bull Dynamic Real Investment

Analysis of the investment behavior of firms on the basis of

deterministic and stochastic optimization models Situantions of

monopoly perfect competition and oligopoly

Guidelines for electives

9

bull Category B

bull broad field of Finance and Insurance (including Corporate

Finance)

bull relevant quantitative courses

bull Category C

bull broad field of Economics and Business

Selected electives (out of 20+ options)

10

bull Broaden your skills

bull Microeconometrics (Fall)

bull Panel Data Analysis of Microeconomic Decisions (Fall)

bull Dynamic Models and their Applications (Spring)

bull Nonlinear and Robust Optimization (Fall)

bull Broaden your knowledge of Finance and Actuarial Science

bull The Economics and Finance of Pensions (Fall)

bull Investment Analysis of Pensions and Insurance (Fall)

bull Advanced Corporate Finance (Fall)

bull Investment Analysis (Fall)

bull Seminar Financial Markets and Institutions (Spring)

bull Financial Analysis and Investor Behavior (Spring)

Teaching methods

11

bull Teaching in small groups

bull Variety of teaching methods including

bull Group discussions

bull Guest lectures in which practitioners illustrate the use in

practice of the theory covered in the courses

bull Challenging assignments that help you develop your

problem-solving skills using real-life data

bull Presentations and discussions of scientific articles

bull Essay writing

Netspar Track

bull Specialization in four TiSEM MSc Programsbull Finance

bull Economics

bull Econometrics and Mathematical Economics

bull Quantitative Finance and Actuarial Science

bull Common course for all Netspar Track students bull Economics and Finance of Pensions by Professor Lans Bovenberg

bull For QFAS Two mandatory courses within cluster Abull Pension System Design (Fall)

bull Asset Liability Management (Spring)

What we offer to you

bull Monthly activities program including bull Company visits

bull Junior Pension Day (Master thesis)

bull Discussions and (guest) lectures on hot topics

bull Internship program with Netsparrsquos partners

bull Access to Netspar Network

bull Netspar Thesis Awards

bull Netspar certificate with your Master diploma

What we expect of youbull Visit Netspar introduction meeting

bull Attend 5 out of 7 Netspar activities organized on a monthly basis

throughout every academic year

bull Attend and pass your (mandatory) courses

bull Thesis on Netspar related topic (internship real life case etc)

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

Contents of core courses (fall semester)

7

bull Financial Models

Pricing of uncertain cashflows contingent claims analysis and risk

management Applications to equity derivatives and term structure

products Includes numerical methods (Monte Carlo hellip)

bull Empirical Finance

Applications of econometric techniques (regression time series

GMM ML) to financial markets (efficient market hypothesis asset

return predictability factor models behavioral finance hellip)

bull Pension System Design

Individual vs collective solutions annuities determinants of

choices in retirement planning risk sharing within collective

systems international comparison

Contents of core courses (spring semester)

8

bull Asset Liability Management

Long-term investment aimed at meeting specified objectives

(liabilities) Construction of ALM models term structure models

Classical ALM value-based ALM utility-based ALM

bull Issues in Finance and Insurance

Decisions under uncertainty risk measures behavioral asset

pricing pricing in incomplete markets allocation of risk capital

modeling of dependence Emphasis on discussion meetings

bull Dynamic Real Investment

Analysis of the investment behavior of firms on the basis of

deterministic and stochastic optimization models Situantions of

monopoly perfect competition and oligopoly

Guidelines for electives

9

bull Category B

bull broad field of Finance and Insurance (including Corporate

Finance)

bull relevant quantitative courses

bull Category C

bull broad field of Economics and Business

Selected electives (out of 20+ options)

10

bull Broaden your skills

bull Microeconometrics (Fall)

bull Panel Data Analysis of Microeconomic Decisions (Fall)

bull Dynamic Models and their Applications (Spring)

bull Nonlinear and Robust Optimization (Fall)

bull Broaden your knowledge of Finance and Actuarial Science

bull The Economics and Finance of Pensions (Fall)

bull Investment Analysis of Pensions and Insurance (Fall)

bull Advanced Corporate Finance (Fall)

bull Investment Analysis (Fall)

bull Seminar Financial Markets and Institutions (Spring)

bull Financial Analysis and Investor Behavior (Spring)

Teaching methods

11

bull Teaching in small groups

bull Variety of teaching methods including

bull Group discussions

bull Guest lectures in which practitioners illustrate the use in

practice of the theory covered in the courses

bull Challenging assignments that help you develop your

problem-solving skills using real-life data

bull Presentations and discussions of scientific articles

bull Essay writing

Netspar Track

bull Specialization in four TiSEM MSc Programsbull Finance

bull Economics

bull Econometrics and Mathematical Economics

bull Quantitative Finance and Actuarial Science

bull Common course for all Netspar Track students bull Economics and Finance of Pensions by Professor Lans Bovenberg

bull For QFAS Two mandatory courses within cluster Abull Pension System Design (Fall)

bull Asset Liability Management (Spring)

What we offer to you

bull Monthly activities program including bull Company visits

bull Junior Pension Day (Master thesis)

bull Discussions and (guest) lectures on hot topics

bull Internship program with Netsparrsquos partners

bull Access to Netspar Network

bull Netspar Thesis Awards

bull Netspar certificate with your Master diploma

What we expect of youbull Visit Netspar introduction meeting

bull Attend 5 out of 7 Netspar activities organized on a monthly basis

throughout every academic year

bull Attend and pass your (mandatory) courses

bull Thesis on Netspar related topic (internship real life case etc)

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

Contents of core courses (spring semester)

8

bull Asset Liability Management

Long-term investment aimed at meeting specified objectives

(liabilities) Construction of ALM models term structure models

Classical ALM value-based ALM utility-based ALM

bull Issues in Finance and Insurance

Decisions under uncertainty risk measures behavioral asset

pricing pricing in incomplete markets allocation of risk capital

modeling of dependence Emphasis on discussion meetings

bull Dynamic Real Investment

Analysis of the investment behavior of firms on the basis of

deterministic and stochastic optimization models Situantions of

monopoly perfect competition and oligopoly

Guidelines for electives

9

bull Category B

bull broad field of Finance and Insurance (including Corporate

Finance)

bull relevant quantitative courses

bull Category C

bull broad field of Economics and Business

Selected electives (out of 20+ options)

10

bull Broaden your skills

bull Microeconometrics (Fall)

bull Panel Data Analysis of Microeconomic Decisions (Fall)

bull Dynamic Models and their Applications (Spring)

bull Nonlinear and Robust Optimization (Fall)

bull Broaden your knowledge of Finance and Actuarial Science

bull The Economics and Finance of Pensions (Fall)

bull Investment Analysis of Pensions and Insurance (Fall)

bull Advanced Corporate Finance (Fall)

bull Investment Analysis (Fall)

bull Seminar Financial Markets and Institutions (Spring)

bull Financial Analysis and Investor Behavior (Spring)

Teaching methods

11

bull Teaching in small groups

bull Variety of teaching methods including

bull Group discussions

bull Guest lectures in which practitioners illustrate the use in

practice of the theory covered in the courses

bull Challenging assignments that help you develop your

problem-solving skills using real-life data

bull Presentations and discussions of scientific articles

bull Essay writing

Netspar Track

bull Specialization in four TiSEM MSc Programsbull Finance

bull Economics

bull Econometrics and Mathematical Economics

bull Quantitative Finance and Actuarial Science

bull Common course for all Netspar Track students bull Economics and Finance of Pensions by Professor Lans Bovenberg

bull For QFAS Two mandatory courses within cluster Abull Pension System Design (Fall)

bull Asset Liability Management (Spring)

What we offer to you

bull Monthly activities program including bull Company visits

bull Junior Pension Day (Master thesis)

bull Discussions and (guest) lectures on hot topics

bull Internship program with Netsparrsquos partners

bull Access to Netspar Network

bull Netspar Thesis Awards

bull Netspar certificate with your Master diploma

What we expect of youbull Visit Netspar introduction meeting

bull Attend 5 out of 7 Netspar activities organized on a monthly basis

throughout every academic year

bull Attend and pass your (mandatory) courses

bull Thesis on Netspar related topic (internship real life case etc)

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

Guidelines for electives

9

bull Category B

bull broad field of Finance and Insurance (including Corporate

Finance)

bull relevant quantitative courses

bull Category C

bull broad field of Economics and Business

Selected electives (out of 20+ options)

10

bull Broaden your skills

bull Microeconometrics (Fall)

bull Panel Data Analysis of Microeconomic Decisions (Fall)

bull Dynamic Models and their Applications (Spring)

bull Nonlinear and Robust Optimization (Fall)

bull Broaden your knowledge of Finance and Actuarial Science

bull The Economics and Finance of Pensions (Fall)

bull Investment Analysis of Pensions and Insurance (Fall)

bull Advanced Corporate Finance (Fall)

bull Investment Analysis (Fall)

bull Seminar Financial Markets and Institutions (Spring)

bull Financial Analysis and Investor Behavior (Spring)

Teaching methods

11

bull Teaching in small groups

bull Variety of teaching methods including

bull Group discussions

bull Guest lectures in which practitioners illustrate the use in

practice of the theory covered in the courses

bull Challenging assignments that help you develop your

problem-solving skills using real-life data

bull Presentations and discussions of scientific articles

bull Essay writing

Netspar Track

bull Specialization in four TiSEM MSc Programsbull Finance

bull Economics

bull Econometrics and Mathematical Economics

bull Quantitative Finance and Actuarial Science

bull Common course for all Netspar Track students bull Economics and Finance of Pensions by Professor Lans Bovenberg

bull For QFAS Two mandatory courses within cluster Abull Pension System Design (Fall)

bull Asset Liability Management (Spring)

What we offer to you

bull Monthly activities program including bull Company visits

bull Junior Pension Day (Master thesis)

bull Discussions and (guest) lectures on hot topics

bull Internship program with Netsparrsquos partners

bull Access to Netspar Network

bull Netspar Thesis Awards

bull Netspar certificate with your Master diploma

What we expect of youbull Visit Netspar introduction meeting

bull Attend 5 out of 7 Netspar activities organized on a monthly basis

throughout every academic year

bull Attend and pass your (mandatory) courses

bull Thesis on Netspar related topic (internship real life case etc)

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

Selected electives (out of 20+ options)

10

bull Broaden your skills

bull Microeconometrics (Fall)

bull Panel Data Analysis of Microeconomic Decisions (Fall)

bull Dynamic Models and their Applications (Spring)

bull Nonlinear and Robust Optimization (Fall)

bull Broaden your knowledge of Finance and Actuarial Science

bull The Economics and Finance of Pensions (Fall)

bull Investment Analysis of Pensions and Insurance (Fall)

bull Advanced Corporate Finance (Fall)

bull Investment Analysis (Fall)

bull Seminar Financial Markets and Institutions (Spring)

bull Financial Analysis and Investor Behavior (Spring)

Teaching methods

11

bull Teaching in small groups

bull Variety of teaching methods including

bull Group discussions

bull Guest lectures in which practitioners illustrate the use in

practice of the theory covered in the courses

bull Challenging assignments that help you develop your

problem-solving skills using real-life data

bull Presentations and discussions of scientific articles

bull Essay writing

Netspar Track

bull Specialization in four TiSEM MSc Programsbull Finance

bull Economics

bull Econometrics and Mathematical Economics

bull Quantitative Finance and Actuarial Science

bull Common course for all Netspar Track students bull Economics and Finance of Pensions by Professor Lans Bovenberg

bull For QFAS Two mandatory courses within cluster Abull Pension System Design (Fall)

bull Asset Liability Management (Spring)

What we offer to you

bull Monthly activities program including bull Company visits

bull Junior Pension Day (Master thesis)

bull Discussions and (guest) lectures on hot topics

bull Internship program with Netsparrsquos partners

bull Access to Netspar Network

bull Netspar Thesis Awards

bull Netspar certificate with your Master diploma

What we expect of youbull Visit Netspar introduction meeting

bull Attend 5 out of 7 Netspar activities organized on a monthly basis

throughout every academic year

bull Attend and pass your (mandatory) courses

bull Thesis on Netspar related topic (internship real life case etc)

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

Teaching methods

11

bull Teaching in small groups

bull Variety of teaching methods including

bull Group discussions

bull Guest lectures in which practitioners illustrate the use in

practice of the theory covered in the courses

bull Challenging assignments that help you develop your

problem-solving skills using real-life data

bull Presentations and discussions of scientific articles

bull Essay writing

Netspar Track

bull Specialization in four TiSEM MSc Programsbull Finance

bull Economics

bull Econometrics and Mathematical Economics

bull Quantitative Finance and Actuarial Science

bull Common course for all Netspar Track students bull Economics and Finance of Pensions by Professor Lans Bovenberg

bull For QFAS Two mandatory courses within cluster Abull Pension System Design (Fall)

bull Asset Liability Management (Spring)

What we offer to you

bull Monthly activities program including bull Company visits

bull Junior Pension Day (Master thesis)

bull Discussions and (guest) lectures on hot topics

bull Internship program with Netsparrsquos partners

bull Access to Netspar Network

bull Netspar Thesis Awards

bull Netspar certificate with your Master diploma

What we expect of youbull Visit Netspar introduction meeting

bull Attend 5 out of 7 Netspar activities organized on a monthly basis

throughout every academic year

bull Attend and pass your (mandatory) courses

bull Thesis on Netspar related topic (internship real life case etc)

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

Netspar Track

bull Specialization in four TiSEM MSc Programsbull Finance

bull Economics

bull Econometrics and Mathematical Economics

bull Quantitative Finance and Actuarial Science

bull Common course for all Netspar Track students bull Economics and Finance of Pensions by Professor Lans Bovenberg

bull For QFAS Two mandatory courses within cluster Abull Pension System Design (Fall)

bull Asset Liability Management (Spring)

What we offer to you

bull Monthly activities program including bull Company visits

bull Junior Pension Day (Master thesis)

bull Discussions and (guest) lectures on hot topics

bull Internship program with Netsparrsquos partners

bull Access to Netspar Network

bull Netspar Thesis Awards

bull Netspar certificate with your Master diploma

What we expect of youbull Visit Netspar introduction meeting

bull Attend 5 out of 7 Netspar activities organized on a monthly basis

throughout every academic year

bull Attend and pass your (mandatory) courses

bull Thesis on Netspar related topic (internship real life case etc)

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

What we offer to you

bull Monthly activities program including bull Company visits

bull Junior Pension Day (Master thesis)

bull Discussions and (guest) lectures on hot topics

bull Internship program with Netsparrsquos partners

bull Access to Netspar Network

bull Netspar Thesis Awards

bull Netspar certificate with your Master diploma

What we expect of youbull Visit Netspar introduction meeting

bull Attend 5 out of 7 Netspar activities organized on a monthly basis

throughout every academic year

bull Attend and pass your (mandatory) courses

bull Thesis on Netspar related topic (internship real life case etc)

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

NetsparNetwork for Studies on Pensions Aging and Retirement since 2005

14

Improvement on

financing options for

old age in NL

Development

of knowledge Annually

gt Meuro 1 for project

grants

Long-term and short hot

topic projects in

interaction with the

industry and government

Leverage

for innovation sector-

relevant analysis and

policy briefs

Triple Helix

Science Pension

and insurance

sector and

government

Network for

intrinsically

motivated partners

In charge

partners

determine the

research agenda

and prioritize

projects

bull Prof dr Lans Bovenberg

(Spinoza prize 2003)

bull Prof dr Theo Nijman

bull Prof dr Casper van Ewijk

bull Peter Gaillard

Sharing

knowledge by events

papers and master

and executive

education internships

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

Contributionto a well informed pension debate

15

Netspar is unique in the world

when it comes to the field of pension

research and easily surpasses its

competitors in terms of the

quality and quantity of its research output

Breimer committee 2012

290(Inter)national

fellows

40NetsparndashTrack

students (2013)

20 EFA master

students

75Participants

in executive

education

120Publications in

international

journals

1043Participants in

21events

15Internships

Average per year until October 2014

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

What our graduates think of us

16

ldquoLearning about pensions is more than

ever relevant from both a societal and

academic perspective The Netspar

program provides an excellent

combination of bothrdquo

- Jaap de Vries

This is the right track where you can

apply your academic knowledge to

solve a real practical problem

- MS Sutardi

ldquoJunior Pension Day is a great chance

to improve your Thesis and Company

visits help to get a close look at the

problems solved by our expertsrdquo

- Gintautas Jakstas

ldquoI think pensions and aging is one of

the hottest topics in economics and

finance with many intellectually

challenging problems to solve which

also have significant importance to the

society Netspar is the place where

you get opportunities to communicate

with the brightest minds in this area

and to join them in building a more

sustainable pension systemrdquo

- Yuan Yue

ldquoLooking for an internship I discovered

how incredibly valuable the contacts of

Netspar in the industry arerdquo

-Gijs Vereijken

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

After graduation

17

bull Job opportunities at

bull banks or insurance companies

bull pension funds

bull consultancy firms hellip

bull Possibly combined with part-time study towards ldquoActuaris

AGrdquo degree

bull Research Master in Business Finance track (two-year

program enter in second year) possibly followed by PhD

(three years)

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

Career opportunities (1)

Banks insurance companies traders (ABN-AMRO

ING Rabobank ASR AEGON Interpolis Delta

Lloyd Achmea Robeco Optiver etc)

Pension funds (ABP PGGM etc)

Regulators (DNB AFM)

18

Career opportunities (2)

Consultancy firms (Mercer Towers Watson AON

KPMG PricewaterhouseCoopers Deloitte Ernst amp

Young ORTEC Cardano etc)

Corporations and (semi)public institutions (treasury

risk management commodity futures energy)

(Leaseplan Shell Nuon etc)

19

Job descriptions

20

Some job descriptions of recent QFAS graduates as found on

LinkedIn

Employer Title

ABN AMRO Strategy Consultant

Accenture Analyst

AEGON Actuarial Analyst

APG Senior Portfolio Manager

ASR Junior Actuary

Bank of Lithuania Senior Strategic Asset Allocation Analyst

Deloitte Junior Business Analyst

Delta Lloyd Insurance Risk Trainee

Ernst amp Young (EY) Advisor European Actuarial Services

Goldman Sachs Analyst

ING Groep Reinsurance Actuary

KPMG Junior Advisor Financial Risk Management

Nationale-Nederlanden Actuary Investment Risk Manager

ORTEC Finance Consultant Pension Risk Management

PricewaterhouseCoopers Junior Consultant

Rabobank Nederland Analyst Mergers amp Acquisitions

SNS Reaal Portfolio Manager

Syntrus Achmea Fixed Income and Derivatives Portfolio Manager

Towers Watson Analyst

Actuaris AG

21

bull EMAS (Executive Master in Actuarial Science)

bull offered by Tias (UvT Business School) together with the Dutch

Actuarial Institute

bull EMAS is

bull a 4 to 5-semester part-time program towards ldquoActuaris AGrdquo

degree

bull to be followed in combination with a job in the insurancepensions

industry

Options for the Future

22

Asset Econometrics (study association) and the QFAS

program managers are organizing a series of seminars

called Options for the Future

In each of these seminars a speaker from a company or

institution in the financeinsurance area talks about what itrsquos

like to work in ldquothe businessrdquo daily activities challenges

opportunities and working conditions

This gives you the opportunity to get a better understanding

of various directions you may choose You may also

discuss possibilities for internships and for future

employment your own options for the future

23

More info

Hans Schumacher

jmschumacheruvtnl

Actuaris AG

21

bull EMAS (Executive Master in Actuarial Science)

bull offered by Tias (UvT Business School) together with the Dutch

Actuarial Institute

bull EMAS is

bull a 4 to 5-semester part-time program towards ldquoActuaris AGrdquo

degree

bull to be followed in combination with a job in the insurancepensions

industry

Options for the Future

22

Asset Econometrics (study association) and the QFAS

program managers are organizing a series of seminars

called Options for the Future

In each of these seminars a speaker from a company or

institution in the financeinsurance area talks about what itrsquos

like to work in ldquothe businessrdquo daily activities challenges

opportunities and working conditions

This gives you the opportunity to get a better understanding

of various directions you may choose You may also

discuss possibilities for internships and for future

employment your own options for the future

23

More info

Hans Schumacher

jmschumacheruvtnl

Options for the Future

22

Asset Econometrics (study association) and the QFAS

program managers are organizing a series of seminars

called Options for the Future

In each of these seminars a speaker from a company or

institution in the financeinsurance area talks about what itrsquos

like to work in ldquothe businessrdquo daily activities challenges

opportunities and working conditions

This gives you the opportunity to get a better understanding

of various directions you may choose You may also

discuss possibilities for internships and for future

employment your own options for the future

23

More info

Hans Schumacher

jmschumacheruvtnl

23

More info

Hans Schumacher

jmschumacheruvtnl

Program Coordinator

24

bull Program information

bull Planning

bull Electives

bull Study skills

bull Special

circumstances

bull Study results

bull Extracurricular

activities

Marion van Heijningen

mmmvanheijningenuvtnl

You can visit the program coordinator

at the Information Market in the Mensa

from 1745 to 1900

Admission amp Application

25

For all students

bull Enroll via Studielink

Non-TiSEM students (who want to enroll)

bull In addition submit an application for admission

For more information go to

wwwtilburguniversityedueducationmasters-programmesadmissionprocedurefeb

Admission amp Application

25

For all students

bull Enroll via Studielink

Non-TiSEM students (who want to enroll)

bull In addition submit an application for admission

For more information go to

wwwtilburguniversityedueducationmasters-programmesadmissionprocedurefeb