MSc in Economics: Managerial Economics

Maastricht University, School of Business and Economics

Program Description
EFMD Equis Accredited

MSc in Economics: Managerial Economics

Maastricht University, School of Business and Economics

MSc in Economics / Managerial Economics

There’s a vacancy in your company, and 500 applicants all want the job. What formula can you use to choose the best candidate? Resources are scarce – so how to negotiate with your fellow managers for more money or new staff? You want to reward your workers, but what sort of bonus scheme is best? And how do you pay them in the first place: per hour, or for the products they produce? In this specialisation, future managers learn how to use economic theories to optimise in-company business practices.

This is the sort of economics you can really use on the work floor of an organisation. But in contrast to management studies – and uniquely to this specialisation – you take a more abstract, meta-level approach. Imagine that there’s a problem in your organisation. You see it from a bird’s-eye view, placing it in the broader theoretical context of the class of problems to which it belongs. You are then able to connect this to a certain class of solutions, which you can subsequently implement in practice. In other words, your strength is in making the transfer from practice to theory, then back to practice again.

What will you learn?

Managerial Economics trains you to use economic models and theories to understand how business processes work and how they can be influenced – but also how the human factor fits into these models and theories. In short, it’s about people as well as processes. In this specialisation, you learn:

  • how best to allocate tasks among employees
  • how to balance the need to build long-term relationships with the desire for short-term profit
  • what role ICT, corporate culture and other factors play in the decision-making process
  • how to lead others – and lead organisations – by putting your economic knowledge and interpersonal skills to good use.

Internships

Would you like to gain professional experience while still studying? The School considers doing an internship during your studies a highly valuable experience, and helps you gain this advantage by offering the possibility of an extracurricular internship.

This means that the internship is an addition to your master’s programme and therefore it cannot be used to replace any part of your programme. To qualify, the internship should last at least 8 weeks full-time (12 ECTS) but never more than 20 weeks full-time (30 ECTS). Furthermore, the internship may only take place after you have completed at least two courses in your master’s programme. Since it is an extracurricular part of the programme an administrative fee of € 250 will be charged.

To assist students in finding an internship that matches their interests, SBE maintains an extensive database with internship opportunities that are perfectly suited to the various fields of study offered at SBE. In addition, the SBE Internship Office is on hand for guidance and counseling.

Exchange

The opportunity to gain experience abroad gives you a great advantage in today’s job market, and will broaden not only your career but also your personal horizon. A master’s exchange is in addition to your regular study programme, which means that you take an extra semester at one of the School’s top partner institutions. A master's exchange will only be possible on condition that you have a 100% study progress; students who will be doing their exchange in a third, extended, semester will take priority over students who will run into more study delay.

The administration fee for going abroad in your SBE master’s programme is €500. This fee will be charged as soon as you have confirmed your allocated study place abroad.

For a master’s exchange semester within the Erasmus programme, that is to say within the EU, grants are available but will be assigned according to priority. Master’s students going abroad outside of the European Union (EU) will not be eligible for any grants.

Career prospects

This programme prepares you to apply your economic knowledge in the practice of management. Your prospects lie in business development, analysis and optimisation of processes, operations management, HR, and – ultimately – top-level executive management. You could find work in:

  • business consultancies with a focus on managerial processes
  • commercial firms of all kinds
  • non-profit organisations
  • governmental bodies.

Admission

For general bachelor’s graduates


If you are not aSBEcontinuing master’s student, you should complete a registration request for the selective master's programme via Studielink.

You will then receive a confirmation of your request as well as login details for MyUM. In the My UM portal you should complete the application form and upload all documents relating to the admission requirements (see admission requirements table below). If further information is needed to assess or complete your application, additional documents may be requested. After the receipt of a complete application has been acknowledged, your file will be assessed. Within approximately two weeks you will hear whether you have been admitted to the programme.

Admission Requirements

  • Registration request: a registration request for the master's programme in Studielink.
  • Application form: a completed application form in My UM
  • Bachelor’s degree: a bachelor's degree in a relevant field, together with a certified transcript of exam subjects and grades
  • Grade Point Average: we encourage you to provide your GPA using the 0-10 Dutch grading system. If your transcript uses a different grading system, you may use this Nuffic document to convert the GPA into the 0-10 scale
  • Motivation letter: a letter describing your motivation for applying to the MSc International Economic Studies programme at SBE
  • CV (optional): a curriculum vitae (CV) in English
  • GMAT / GRE: an official GMAT or GRE score (valid for two years). An official score lower than 500 results in automatic rejection.
  • TOEFL / IELTS (not applicable for native English speakers and/or EU/EEA students): a minimum TOEFL score of at least 575 (paper-based test), 233 (computer based test) or 90-91 (internet-based test), a minimum IELTS score of at least 6.5 or a pass for the Cambridge Proficiency test (valid for two years)
  • Passport: a scanned copy of your passport (must be valid at the programme start date)
  • Portrait picture: a scanned portrait picture

Application deadlines

  • September intake: 1 July (for students from EU/EEA countries and Switzerland) and 1 May (for students from other countries)
  • February intake: 1 December (for students from EU/EEA countries and Switzerland)and 1 October (for students from other countries)

For SBE bachelor’s graduates *


(Only theBSc Economics and Business Economicsgives direct access tothe MSc International Economic Studies)

If you qualify for one of the continuing master’s programmes, you should complete a graduation request for the bachelor’s programme and submit it online. You should then complete a re-registration request for the bachelor’s programme and a registration request for the continuing master’s programme via Studielink. You will then receive a confirmation of your request. After that you will need to fill out an application form via My UM. If further information is needed to assess or complete your application, additional documents may be requested. After the receipt of a complete application has been acknowledged, your file will be assessed. Within approximately two weeks you will hear whether you have been admitted to the programme.

Admission requirements

  • Graduation request: a graduation request for the bachelor’s programme
  • Re-registration request: a re-registration request for the bachelor’s programme
  • Registration request: a registration request for the continuing master's programme
  • Bachelor’s degree: a bachelor's degree from SBE that gives direct access to the MSc International Economic Studies programme
  • Passport: a scanned copy of your passport (must be valid at the programme start date)
  • Portrait picture: a scanned portrait picture


Application deadlines

  • September start: 1 July (for students from EU/EEA countries and Switzerland) and 1 May (for students from other countries)
  • February start: 1 December (for students from EU/EEA countries and Switzerland)and 1 October (for students from other countries)
This school offers programs in:
  • English


Last updated May 2, 2016
Duration & Price
This course is Campus based
Start Date
Start date
Sept. 2016
Duration
Duration
1 year
Full time
Price
Price
12,000 EUR
Information
Deadline
Request Info
for non-EU students
Start date Sept. 2016
Place
Netherlands Maastricht
Application deadline Request Info
for non-EU students
End date Request Info
Duration 1 year
Price 12,000 EUR
for non-EU students