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Do you have a non-Dutch degree? On this page, you will find the entry requirements for the Master's Actuarial Science and Mathematical Finance. We aim to offer an interactive programme, for that reason we apply a selection procedure. We assess your application based on both the entry requirements and additional selection criteria.

Entry requirements

We will evaluate your eligibility based on 2 specific entry requirements.

  • 1. Your academic Bachelor’s degree

    To apply for this Master’s, you need an academic Bachelor’s or Master’s degree in a field with a strong mathematical foundation, such as: Mathematics, Physics or Econometrics. Your background should include knowledge of: 

    • calculus 
    • linear algebra 
    • statistics 
    • probability theory 

    In addition, you are expected to be familiar with Actuarial Science, especially: 

    • risk theory  
    • elementary life insurance 

    Not sure if your degree qualifies?

    Are you unsure whether your academic background is considered equivalent to a Dutch Bachelor's degree? Find a list of equivalent degrees here.

    Does your previous education not fully meet the requirements?

  • 2. Your English language proficiency

    This Master’s programme is taught in English, so strong English skills are essential. To help you succeed in class, we ask you to show your English proficiency through one of the approved tests listed below:

    • TOEFL iBT Test: minimum total score of 92 with a minimum of 22 per subscore. You can use the institution code 9011 to have your score report sent to us. 
    • IELTS Academic: overall band score of 6.5. Minimum score per subscore: Speaking and Writing a 6.5 and Listening and Reading a 6.0. Please note that the IELTS Indicator test is not allowed. 
    • Cambridge C1 Advanced or C2 Proficiency: overall score of 180 and a minimum of 180 per skill. 

    Other test versions or modules are not accepted. Examples of this include but are not limited to: IELTS Indicator, IELTS One Skill Retake, TOEFL Home Edition, TOEFL MyBest Scores, etc.

    Test validity 

    Test scores may not be older than 2 years, counting back from the start of the programme. So for the September 2026 intake, we only accept tests taken on or after 1 September 2024.  

    Waiting for your score? 

    We accept scores submitted after the application deadline, as long as you took the test before that deadline.

    Exemptions   

    • You obtained your previous education in one of the following countries: the Netherlands, Australia, Canada (except for Quebec), Ireland, Malta, New Zealand, South Africa, United Kingdom, United States of America. This only applies to these countries, no other exemptions are made.  
    • You have an English proficiency test older than 2 years and you have attended an exchange programme of at least 6 months in one of the above mentioned countries. 
    • You have an English proficiency test older than 2 years, and you have obtained an academic degree that was completely in English. You need submit a proof of the language of instruction of your academic degree. If the language of instruction is not mentioned on the transcript or diploma, submit a certified letter from your higher education institute, stating that the curriculum is completely taught in English.

    Why does the UvA ask for English proficiency tests?

Selection 

Meeting the entry requirements is just the first step. Besides the entry requirements, you need to meet the selection criteria. This means that your application will be compared with other applicants. The selection is based on your GPA, GRE (GMAT) score, and motivation letter.

  • 1. Your Grade Point Average (GPA)

    We are looking for students who have shown academic potential to keep up with the high level and workload of the programme. We do not require a specific minimum GPA for this programme, but we do compare applicants to help us decide who is the best fit for the programme. We assess your GPA along with the other criteria to make a balanced decision. 

  • 2. Your GRE score

    Strong analytical writing and quantitative reasoning skills are essential for this Master’s. To ensure this, you need to provide a sufficient Graduate Record Examinations (GRE) General Test result. In some cases, a Graduate Management Admission Test (GMAT) score is accepted.

    GRE test and required scores 

    GRE: Minimum score: 155 and preferably 158 in the Quantitative Reasoning section.

    • Please note that completion of all sections of the exam is required. 
    • You can use the institution code 7878 U Amsterdam School of Economics to have your score report sent to us. 
    • The GRE at home test is allowed for the September 2026 intake. 

    GMAT test and required scores 

    Instead of a GRE, a GMAT test score may be accepted if you have already obtained a GMAT score, or it is difficult to take the GRE test on short notice in your country. 

    GMAT Focus Edition: Minimum score: 585 with 79 points in the Quantitative Reasoning section and preferably 595 with 82 points in the Quantitative Reasoning section 

    GMAT test (old edition): Minimum score: 620 with 45 points in the Quantitative Reasoning section and preferably 640 with 48 points in the Quantitative Reasoning section 

    • Please note that completion of all sections of the exam is required. 
    • You can use the institution code 0500 to have your score report sent to us. 
    • The GMAT (Focus) Online Exam is allowed for the September 2026 intake. 

    Deadline of handing in test scores 

    Your test scores should be submitted before your application deadline. Please keep in mind that receiving these results can take up to two weeks. 

    Exemptions 

    Based on mutual agreements with certain universities, you might be exempted from taking a GMAT or GRE test. Check the list of universities to see whether this applies to you.

  • 3. Your motivation letter

    The motivation letter (max. one A4)  allows you to explain why you would be a good fit for the Master’s programme and which experiences have led you to this decision.

    The admissions committee may have additional questions regarding your motivation letter. In such cases, you may be invited to provide further clarification in an interview.