Assistent Professor Mitja Stadje

Mitja Stadje
  • Name: Mitja Stadje                     
  • Position at Tilburg University: Assistant Professor
  • Field of expertise: Actuarial Science, Mathematical Finance

"By bringing together techniques and applications in Finance as well as in Insurance, the program gives students the necessary skills to work in the financial industry but also in traditional actuarial positions in insurance companies and pension funds."

Mitja Stadje's answers to the following questions:

Why does this field of expertise interest you?

My research area lies in mathematical finance and actuarial sciences. Both fields are fundamentally concerned with how to make good decisions under uncertainty using powerful concepts from finance, mathematics, and economics with practical applications for financial institutions and companies.

Using mathematical models to explain the consistencies and inconsistencies of human behavior quantitatively, modelling financial markets, helping financial regulators in their decisions, and exploring ways in which financial institutions can protect themselves against their downside risks is a fascinating subject with a steady stream of new developments and plenty of interesting research to do.

Back to top

What is interesting or unique about the program?

By bringing together techniques and applications in Finance as well as in Insurance, the program gives students the necessary skills to work in the financial industry but also in traditional actuarial positions in insurance companies and pension funds.

Since most quantitative positions, in particularly in risk management, nowadays require techniques from both fields, graduates have plenty of good job opportunities. It is our experience that they also have an edge particularly in jobs requiring quantitative skills. Tilburg University has an outstanding combination of experts in Finance, Insurance, Economics, and Econometrics.

All these groups, which have top rankings in Europe, are part of the QFAS program. In the program, students are exposed to the newest developments in finance and insurance and cutting-edge quantitative models.

In the past, the program has attracted a large number of students from abroad, bringing together many diverse points of views and backgrounds from which students can learn and benefit as well.

Back to top

Which courses do you teach and what do they entail?

Together with Anja De Waegenaere and Hans Schumacher, I teach the class `Issues in Finance and Insurance'.  In this course, topics from the recent journal literature in the areas of quantitative finance and actuarial science are discussed.

The general focus of the course is on the differences and relations between finance and insurance.  An important part of the course consists of discussion meetings in which the students actively debate issues in financial and insurance markets.

Topics discussed include: How do people make decisions under uncertainty? How does pricing and hedging in financial and in insurance markets work? What are proper risk measures for banks and insurance companies? How does risk sharing in an insurance pool take place? These issues are addressed and discussed on the basis of contrasting papers from the research literature.

Back to top

What are the future prospects for students?

Since the skills taught in the program are quite broad, graduates from the QFAS program have a wide range of job opportunities. It is my own personal observation that our students typically find good positions in consulting, finance, pension funds, or insurance companies.

Back to top

Why should a student choose Tilburg University and this program?

See above.

Back to top

All Master's programs

Want to know more?