Introduction
How do you manage international financial transactions? This program will teach you.
**Joint 2nd place in best MSc Finance in the Netherlands - Higher Education Guide Masters 2018 **
These days internationally oriented firms and organizations do not merely need financial specialists who are acquainted with the latest finance and risk management tools and techniques. They are looking for professionals who can use these tools and techniques for managing information and business resources.
This program equips you with knowledge, understanding, and skills required to define, analyze and evaluate real and complex international financial management problems on both a societal level as well as on the level of companies and institutions and to design solutions for these problems. You will gain advanced academic knowledge of theoretical concepts in (international) financial management and you will be able to apply research methods.
The Master's degree program in International Financial Management (IFM) focuses on the different aspects of financial management in an international business environment. You will develop the skills needed to become a financial manager in an international firm or organization.
Why study this program in Groningen?
The MSc IFM program focuses on both finance and accounting, deals with real-life management issues and has an international orientation. There is a good balance between theory and practice. You work on assignments that both require research skills and practical insights. Moreover, it is an internationally accredited program, ensuring a high-quality education that meets both the AACSB and EQUIS standards, which only one percent of universities reach worldwide.
Program
Year 1
One-third of the 60 ECTS program is focused on the core courses of IFM: International Business Strategy, Corporate Finance, Risk Management, and Management Accounting. The research preparation and thesis work comprise 25 ECTS and there's the room for 15 ECTS of electives that match your preferences.
The MSc International Financial Management starts twice a year: in September and February.
With this program, you will gain advanced academic knowledge of theoretical concepts in (international) financial management and you will be able to apply research methods, to analyze and to solve financial problems multinational companies are faced with. During the program, you will develop both academic and professional skills. With respect to academic skills, the program focuses on collecting and analyzing data, planning and designing a research project and academic writing. Examples of professional skills are computer model building for business decisions, presenting in public, identifying and analyzing problems and working in teams.
Courses
Electives (10 EC, optional)
Empirical Methods (5 EC)
Financial Management for Multinationals (5 EC)
International Financial Institutions and Governance (5 EC, optional)
International Financial Reporting (5 EC)
International Man. Accounting & Control (5 EC)
International Risk Analysis and Research (5 EC)
Master's Thesis (20 EC)
Value-based Management (5 EC, optional)
Study abroad
Study abroad is optional
Admission requirements
Dutch diploma
Specific requirements
More information
Previous education
To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in one of the following - or closely related - fields: Business Administration, Economics and Business Economics, International Business.
International diploma
Specific requirements
More information
Certified competences
GMAT/GRE
Language test
IELTS Academic overall score 6.5 (Speaking 6, Writing 6.5); TOEFL internet-based overall score 90 (Speaking 20, Writing 24); C1 Advanced, C2 Proficiency (with minimum score 180); the University of Groningen Language Centre Test (Speaking B2, Writing C1).
Previous education
To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in one of the following - or closely related - fields: Business Economics, Business Administration, Economics and Business Economics, International Business, Technology Management.
Registration procedure
Students have to apply via Studielink and the Online Application System (OAS) of the University of Groningen. After you apply for the program of your choice, the Admissions Office will evaluate your educational background and assess your eligibility. Your application will be assessed on an individual basis.
Application deadlines
Type of student
Deadline
Start course
Dutch students
15 October 2020
01 May 2021
15 October 2021
01 February 2021
01 September 2021
01 February 2022
EU/EEA students
15 October 2020
01 May 2020
15 October 2021
01 February 2021
01 September 2021
01 February 2022
non-EU/EEA students
15 October 2020
01 May 2021
15 October 2021
01 February 2021
01 September 2021
01 February 2022
Tuition fees
Nationality
Year
Fee
Program form
EU/EEA
2020-2021
€ 2143
full-time
non-EU/EEA
2020-2021
€ 15000
full-time
Job prospects
After successful completion of the MSc programme International Financial Management, you will be able to take up positions in which you contribute as a specialist in international financial management to decision-making in multinational companies and financial institutions, consultancy firms, multinational public organizations such as the IMF, World Bank, ECB, etc. and governmental institutions.
Because all our programs are EQUIS and AACSB accredited, a standard that only one percent of universities reach worldwide, your degree will be highly valued on the labor market.
FEB Career Services
To support you in developing your career and strengthen your employability skills, our FEB Career Services empowers you to achieve lifelong success through various career services during your studies.
Job examples
Financial manager with a multinational firm
Commercial manager with a firm in the financial business
Financial analyst with a large financial institution
Internal or external financial consultant for firms
Research
Linking education to research and career preparation
Our education is strongly rooted in business practice and society. Also right from the start of your degree program attention is paid to academic research and preprofessional development. Since an analytical and critical mind and problem-solving capabilities are important qualities in any career our students aspire.
