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Education Master's and PhD degree programmes DDM International Financial Management
Header image DDM International Financial Management

DDM International Financial Management

Are you interested in a career in financial markets, international finance and risk management?

The Faculty of Economics and Business (University of Groningen) and Università Cattolica del Sacro Cuore (UCSC Milan) have joined forces to set up a high-quality, two-year double degree master in the fields of banking, risk and financial management, and international finance.

Students start the first year in Milan and learn to integrate financial models, firm-specific as well as industry and economic factors in their decision-making process. You will take courses in econometrics and quantitative methods and you will use strong analytical foundations to underline the importance of risk management.
In Groningen, during the second year, you will learn about the different aspects of financial management in an international business environment. You will also write a master’s thesis, which will be part of both programmes.

By the end of this double degree programme, you will graduate with two diplomas from two highly ranked universities: MSc International Financial Management (MSc IFM) and Laurea Magistrale in Banking and Finance.

Facts & Figures
Degree
MSc in International Financial Management
Course type
Double Degree master
Duration
24 months (60 ECTS)
Croho code
60683
Language of instruction
English
Start
September
Faculty
Economics and Business
Why study this programme in Groningen?

You can earn two Master's degrees by studying at two top-level universities, Università Cattolica del Sacro Cuore in Milan and the University of Groningen in just two years.

Moreover, it is an internationally accredited programme, ensuring a high-quality education that meets both the AACSB and EQUIS standards, which only one percent of universities reach worldwide.

Programme

The Double degree master's programme is a two-year degree with a study load equivalent to 120 ECTS/120 CFU.

In the first year in Milan, you will take eight compulsory courses (in total 57 CFU) The courses taken in year 2 at UG are counted by UCSC as 63 CFU for the Laurea Magistrale in Banking and Finance degree.

The Banking and Finance programme is a specialized degree designed for students who wish to concentrate their career in financial markets and institutions. The programme provides advanced training in the key areas of trading and risk management. A significant feature of this programme is the combination of strong analytical foundations and applications that deal with real-world issues. Students will learn to integrate financial models, firm-specific as well as industry and economic factors in their decision-making process.

Courses year 1

  • Advanced Microeconomics
  • Quantitative Methods for Finance
  • Corporate Finance
  • Monetary Economics
  • Principles of Financial Regulation
  • Derivatives Securities Pricing
  • Applied Econometrics
  • Foreign Language

Seven mandatory courses with 35 ECTS are focused on the core courses of IFM. The research preparation and thesis work comprise of 20 ECTS and you can choose one elective with 5 ECTS that match your preferences.

You will gain advanced academic knowledge of theoretical concepts in (international) financial management and you will be able to apply research methods, to analyse and solve financial problems multinational companies are faced with. During the programme, you will develop both academic and professional skills. With respect to academic skills, the programme focuses on collecting and analysing 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 analysing problems, and working in teams.

Courses year 2

  • Empirical Methods for MSc IFM
  • International Management Accounting and Control
  • Financial Management for Multinationals
  • International Financial Institutions and Governance
  • International Risk Analysis and Research
  • International Financial Reporting
  • Dependence & Extremes in Risk Management
  • Elective course
  • Thesis Project

Study abroad

  • Study abroad is required
Entry requirements

Admission requirements

Specific requirementsMore information
previous education

The DDM programme consists of two phases:

  • Phase 1 is the first year at UCSC in Milan
  • Phase 2 is the second year at UG in Groningen

To be admitted to Phase 1 of the programme at UCSC Milan, candidates need to meet the entry requirements of UCSC's Laurea Magistrale degree programme in Banking and Finance. You need to follow the entry requirements and the admission process at UCSC Milan. For more information, visit https://international.unicatt.it/ucscinternational-graduate-programs-banking-and-finance.

Students who are admitted to UCSC Milan and who have successfully completed the required courses of Phase 1 of the programme at UCSC, meet the entry requirements of MSc IFM at the University of Groningen and can progress to Phase 2.

other admission requirements

There will be selection criteria decided by UCSC Milan. In case there are more candidates for the programme than places available, candidates will be selected according to selection criteria jointly defined and agreed upon by the partner universities.

Registration procedure

To start the programme, students will apply at UCSC Milan, taking into account UCSC's relevant deadlines for application and registration.

Please see the website of UCSC. Students who want to progress to Phase 2 of the programme at UG, starting in September, need to apply for admission to MSc International Financial Management by 1 May in Studielink and the Online Application System (OAS).

Application deadlines

Type of studentDeadlineStart course
Dutch students01 May 202201 September 2022
EU/EEA students01 May 202201 September 2022
non-EU/EEA students01 May 202201 September 2022

Admission requirements

Specific requirementsMore information
previous education

The DDM programme consists of two phases:

  • Phase 1 is the first year at UCSC in Milan
  • Phase 2 is the second year at UG in Groningen

To be admitted to Phase 1 of the programme at UCSC Milan, candidates need to meet the entry requirements of UCSC's Laurea Magistrale degree programme in Banking and Finance. You need to follow the entry requirements and the admission process at UCSC Milan. For more information, visit https://international.unicatt.it/ucscinternational-graduate-programs-banking-and-finance.

Students who are admitted to UCSC Milan and who have successfully completed the required courses of Phase 1 of the programme at UCSC, meet the entry requirements of MSc IFM at the University of Groningen and can progress to Phase 2.

other admission requirements

There will be selection criteria decided by UCSC Milan. In case there are more candidates for the programme than places available, candidates will be selected according to selection criteria jointly defined and agreed upon by the partner universities.

Registration procedure

To start the programme, students will apply at UCSC Milan, taking into account UCSC's relevant deadlines for application and registration. Please see the website of UCSC.

Students who want to progress to Phase 2 of the programme at UG, starting in September, need to apply for admission to MSc International Financial Management by 1 May in Studielink and the Online Application System (OAS).

Application deadlines

Type of studentDeadlineStart course
Dutch students01 May 202201 September 2022
EU/EEA students01 May 202201 September 2022
non-EU/EEA students01 May 202201 September 2022
Tuition fees
NationalityYearFeeProgramme form
EU/EEA2021-2022€ 1084full-time
non-EU/EEA2021-2022€ 14816full-time

The tuition fees above are for the one year studying in Groningen. For the tuition fees of UCSC Milan, please check their website .

Practical information for:

After your studies

The programme focuses on the study of financial management from a broad perspective of international orientation. The curriculum is designed to provide graduates with the skills they will need to operate as a good financial manager in an internationally operating firm or organization.

Job prospects

These days internationally oriented firms and organizations look for professionals who can also use and understand advanced tools and techniques for managing the risks and challenges they face in the international environment. Therefore, the DDM MSc IFM and Laura Magistrale in Banking and Finance offers students a programme that matches the demand of the market for professionals who can cope with challenges in international financial operations.

Graduates will be able to:

  • make decisions at the strategic level in many different private and public organizations that are internationally oriented,
  • choose the appropriate analytical techniques for analyzing and managing international financial problems,
  • provide and present relevant information for businesses operating internationally,
  • apply the theory of international finance and accounting to practical situations,
  • carry out and present research findings on issues in international financial management.

Because all our programmes are EQUIS and AACSB accredited, a standard which only one percent of universities reach worldwide, your degree will be highly valued in the labour market.

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 programme attention is paid to academic research and pre-professional development. Since an analytical and critical mind and problem-solving capabilities are important qualities in any career our students aspire.

Research institutes related to the MSc programme:

Economics, Econometrics & Finance

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Contact

Study associations

Risk

Risk is the study association for the financially interested students at the Faculty of Economics and Business of the University of Groningen.
Risk has set itself the goal to close the gap between theory and practice in the areas of Finance, Accountancy and Controlling, Management Accounting and Control, and International Financial Management. Risk also organises activities to enhance the contacts between its members, the academic personnel and businesses.
https://www.riskgroningen.nl/
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