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

International Financial Management

Study International Financial Management in Groningen to gain the knowledge and skills necessary for a successful career in financial management and become part of the next generation of financial decision-makers.

Are you aiming for a career in finance and looking for a programme that prepares you to make informed financial decisions as part of management teams? The MSc International Financial Management offers the tools, knowledge, and global perspective to succeed in today's fast-paced financial world.

This programme equips you with the latest techniques in financial and risk management, along with advanced academic knowledge and practical skills, helping you develop the expertise needed to tackle complex real-world financial decision-making processes . The programme is designed to help you think strategically, explore innovative ideas and apply research-based methods to address real financial management challenges. You will learn how to make strategic financing and investment decisions in dynamic business environments and how to do so in an ethical and sustainable manner.

Classes are interactive and discussion-driven , bringing together students from a variety of backgrounds. We value diverse perspectives and encourage open, thoughtful engagement to deepen your understanding of financial management in today's world. In each of our compulsory courses and programme electives, we collaborate with professionals in financial management who deliver lectures and real-life cases . Many courses use a combination of academic and real-life case-based teaching to practice solving real-world management problems.

As a graduate, you will be ready to take on roles in financial management in various settings, from start-ups to multinational companies, financial institutions, and consultancy firms. Whether your ambition lies in corporate finance, banking, or asset management, this programme opens doors to exciting opportunities in organisations operating worldwide across both the public and private sectors.

Facts & Figures
Degree
MSc in International Financial Management
Course type
Master
Duration
12 months (60 EC)
Croho code
60683
Language of instruction
English
Start
February, September
Faculty
Economics and Business
AACSB accreditedUN SDG

Why study this programme in Groningen?

  • This master's programme combines strategic thinking and innovation to solve real financial challenges faced by companies and investors.
  • Engage in interactive, discussion-driven classes that highlight diverse perspectives. Study global financial challenges , including political risks and intercultural perspectives.
  • Learn from finance professionals who bring real-world cases and practical insights into every course.
  • Become a professional who can understand and apply the latest finance and risk management tools to manage financial activities, build investment portfolios, work for financial intermediaries, and provide consultancy services to different organisations.
  • Work on real-life business cases and extensive datasets to acquire proficiency in data analytics, employing tools such as Stata and Excel.
  • The programme has been internationally accredited by AACSB and EQUIS , a distinction achieved by only 1% of universities worldwide, ensuring a high-quality education.
  • If you are ambitious and want to challenge yourself, you can pursue a double degree master's with our partners at the School of Banking, Finance and Insurance, Università Cattolica del Sacro Cuore (Milan, Italy) or Fudan University (Shanghai, China).

Programme

During the one-year programme, you gain advanced knowledge in several specific fields in financial management.

To specialise in an area of your interest, you can choose from four programme electives, shown in the list of courses below, and a wide variety of general elective courses in topics such as accounting, international banking, inclusive finance, behavioral finance, sustainability in business and economics, energy transition, and many more (check the Ocasys course catalogue for the complete list). You can also specialise in focus areas such as Energy Transition and Climate Change , Leadership and Governance , or Future Prosperity and Sustainability .

For students who want to start in February, please note that the order of the courses below differs. You can go to the Course Catalogue below to check this.
Semesters
CoursesCourse Catalog >1a1b2a2b
Advanced Financial Management (5 EC)
Entrepreneurial Finance and Private Equity (programme elective) (5 EC)

You can select at least 3 of 4 programme elective courses.

Financial Markets and Data Analysis (5 EC)
General Electives (10 EC)

Please check the course catalogue for an overview of these electives.

Financial Intermediation and Banking (5 EC)
M&A, Restructuring and Valuation (programme elective) (5 EC)

You can select at least 3 of 4 programme elective courses.

Treasury and Risk Management (programme elective) (5 EC)

You can select at least 3 of 4 programme elective courses.

Thesis (20 EC)
Financial Analysis and Investments (programme elective) (5 EC)

You can select at least 3 of 4 programme elective courses.

Programme options
Double Degree Master International Financial Management (Milan) (specialization)

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

The Faculty of Economics and Business (University of Groningen) and the School of Banking, Finance and Insurance, Università Cattolica del Sacro Cuore (Milan, Italy) 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.

More information about this option

Double Degree Master International Business and Finance (Shanghai) (specialization)

Are you interested in an international career in or involving China?

Study in Shanghai after your FEB Master's programme in Groningen and gain first-hand knowledge and experience of China and the economy, finance and culture.

More information about this option

Leadership and Governance (specialization)

The Leadership and Governance focus area provides you with a deep understanding of both macro-level governance frameworks and micro-level leadership processes. This dual approach enables you to understand the broader implications of governance and leadership, while also recognizing the conditions that shape behavior, decision-making and organizational dynamics.

More information about this option

Future Prosperity and Sustainability (specialization)

Focus on the sustainable developments in our current society by the increasing influence of the Sustainable Development Goals (SDGs) of the United Nations. The upcoming impact of the SDGs force companies to redefine their purpose and seek a path for meaningful contribution. But, what are companies responsible for, and who bears the burden of the consequences? Your skills and knowledge will prepare you to actively contribute to the strategic developments in this dynamic field.

More information about this option

Energy Transition and Climate Change (specialization)

Focus on the serious changes within the energy sector by dealing with issues such as how firms adapt to renewable energy, how the higher taxes are managed during this transition and how to deal with the weather dependent production of energy systems. Gain the knowledge and skills to shape a sustainable future in this evolving energy sector.

More information about this option

Master Internship (specialization)

Opportunity to gain work experience by doing an internship in the second semester of your study.

You will be rewarded 15 ECTS on top of your programme. Your thesis will be postponed to the third semester.

More information about this option

Study abroad

  • Study abroad is optional

You can opt for a double degree master's with our partners at the School of Banking, Finance and Insurance, Università Cattolica del Sacro Cuore (Milan, Italy) or in Fudan University (Shanghai, China).

Entry requirements

Admission requirements

Specific requirementsMore information
previous education

Below you will see a table with 'transfer options'. Please check the entry requirements for your Bachelor's degree (from a research university of a university of applied sciences). If your degree is not mentioned in the table below, you can still apply via a Pre-Master's programme. For information on application and entry requirements, please check https://www.rug.nl/feb/premaster.

The information about entry requirements is an indication of your admissibility. Every application will be reviewed individually by the Admissions Board so the admission decision may differ from the indication in this table.

Transfer options

Transferring from...

Study programmeOrganizationTransition
EconomicsTilburg UniversityNo additional requirements
Entrepreneurship and Business InnovationTilburg UniversityNo additional requirements
Econometrics and Operations ResearchTilburg UniversityNo additional requirements
International Business AdministrationTilburg UniversityNo additional requirements
Fiscale EconomieTilburg University

Via a pre-master with a maximum of 30 EC

More information:

Via a Pre-Master's with a maximum of 30 EC. More information: https://www.rug.nl/feb/education/study-programmes/pre-msc/

Study programmeOrganizationTransition
Econometrics and Data ScienceUniversity of AmsterdamNo additional requirements
Economics and Business EconomicsUniversity of AmsterdamNo additional requirements
Actuarial ScienceUniversity of AmsterdamNo additional requirements
Business AdministrationUniversity of AmsterdamNo additional requirements
Business AnalyticsUniversity of AmsterdamNo additional requirements
Fiscale EconomieUniversity of Amsterdam

Via a pre-master with a maximum of 30 EC

More information:

Via a Pre-Master's with a maximum of 30 EC. More information: https://www.rug.nl/feb/education/study-programmes/pre-msc/

Study programmeOrganizationTransition
Economics and Business EconomicsRadboud University NijmegenNo additional requirements
Business AdministrationRadboud University NijmegenNo additional requirements
Study programmeOrganizationTransition
Economics and Business EconomicsUniversity of GroningenNo additional requirements
Business AdministrationUniversity of GroningenNo additional requirements
Psychologie (NL)University of Groningen

Via a pre-master with a maximum of 45 EC

More information:

You need to first complete the 45 EC (or less) Pre-Master's programme. For information about the Pre-MSc application and entry requirements, please check https://www.rug.nl/feb/premaster.

Econometrics and Operations ResearchUniversity of GroningenNo additional requirements
International BusinessUniversity of GroningenNo additional requirements
Industrial Engineering and ManagementUniversity of Groningen

Additional requirements

More information:

For students with completed courses: Financial Accounting and International Financial Management.

SociologyUniversity of Groningen

Via a pre-master with a maximum of 45 EC

More information:

You need to first complete the 45 EC (or less) Pre-Master's programme. For information about the Pre-MSc application and entry requirements, please check https://www.rug.nl/feb/premaster.

Study programmeOrganizationTransition
Computer ScienceLeiden University

No additional requirements

More information:

For profile Informatica & Economie.

Public Administration ScienceLeiden University

Via a pre-master

More information:

Via a Pre-Master's with a maximum of 30 EC for profile Economics, Public Administration and Management. Other profiles via a Pre-Master's of 45 EC. More information: https://www.rug.nl/feb/education/study-programmes/pre-msc/

Study programmeOrganizationTransition
Global StudiesMaastricht UniversityNo additional requirements
Business AnalyticsMaastricht UniversityNo additional requirements
Econometrics and Operations ResearchMaastricht UniversityNo additional requirements
Economics and Business Economics - International Economics and Sustainable Development, Economics and Business Economics, Economics and Business Economics - Business Economics, Economics and Business Economics - EconomicsMaastricht UniversityNo additional requirements
Business EngineeringMaastricht UniversityNo additional requirements
International BusinessMaastricht UniversityNo additional requirements
Fiscale EconomieMaastricht University

Via a pre-master with a maximum of 30 EC

More information:

Via a Pre-Master's with a maximum of 30 EC. More information: https://www.rug.nl/feb/education/study-programmes/pre-msc/

Study programmeOrganizationTransition
Econometrics and Operations ResearchVU University AmsterdamNo additional requirements
International Business AdministrationVU University AmsterdamNo additional requirements
Economics and Business Economics - International Economics and Sustainable Development, Economics and Business Economics, Economics and Business Economics - Business Economics, Economics and Business Economics - EconomicsVU University AmsterdamNo additional requirements
Business AdministrationVU University AmsterdamNo additional requirements
Business AnalyticsVU University Amsterdam

Via a pre-master

More information:

Via a Pre-Master's with a maximum of 30 EC. More information: https://www.rug.nl/feb/education/study-programmes/pre-msc/

Study programmeOrganizationTransition
AccountancyNyenrode New Business SchoolNo additional requirements
Business AdministrationNyenrode New Business SchoolNo additional requirements
Study programmeOrganizationTransition
Business AdministrationErasmus University RotterdamNo additional requirements
International Business AdministrationErasmus University RotterdamNo additional requirements
Fiscale EconomieErasmus University Rotterdam

Via a pre-master with a maximum of 30 EC

More information:

Via a Pre-Master's with a maximum of 30 EC. More information: https://www.rug.nl/feb/education/study-programmes/pre-msc/

Econometrics and Operations ResearchErasmus University RotterdamNo additional requirements
Economics and Business EconomicsErasmus University RotterdamNo additional requirements
Study programmeOrganizationTransition
International Business AdministrationUniversity of TwenteNo additional requirements
Study programmeOrganizationTransition
Management and Consumer StudiesWageningen University

Via a pre-master

More information:

Via a Pre-Master's with a maximum of 30 EC. More information: https://www.rug.nl/feb/education/study-programmes/pre-msc/

Economics and GovernanceWageningen University

Via a pre-master

More information:

Via a Pre-Master's with a maximum of 30 EC. More information: https://www.rug.nl/feb/education/study-programmes/pre-msc/

Registration procedure

Students with a Dutch diploma can apply directly to Studielink. More information on the steps to apply .

Application deadlines

Type of studentDeadlineStart course
Dutch students01 May 202601 September 2026
15 October 202601 February 2027
EU/EEA students01 May 202601 September 2026
15 October 202601 February 2027
non-EU/EEA students01 May 202601 September 2026
15 October 202601 February 2027

Admission requirements

Specific requirementsMore 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 Economics, Business Administration, Economics and Business Economics, International Business, Technology Management.

To assess whether your educational/academic background meets the specific programme requirements, we will consider the level and curriculum of your previous studies. For more information, please visit: https://www.rug.nl/feb/apply-msc. If you have any questions concerning admission to this programme, please contact our Admissions Office: https://www.rug.nl/admissions.

language test

IELTS Academic overall score 6.5 (Speaking 6, Writing 6.5); TOEFL internet-based overall score 90 (Speaking 20, Writing 24); Cambridge C1 Advanced or C2 Proficiency (overall score 176, Speaking 169, Writing 176); LanguageCert Academic: overall score 70 (min. 65 in Speaking, 70 in Writing); Pearson PTE Academic (min. 56 in Speaking, 70 in Writing).

other admission requirements

Not meeting the pre-education requirements for direct entry? Please read more about our pre-Master programmes .

Registration procedure

Students have to apply via Studielink and the Progress Portal (replacing the previous system, Online Application System OAS) of the University of Groningen. After you apply for the programme of your choice, the Admissions Office will evaluate your educational background and assess your eligibility. Your application will be assessed on an individual basis. More information on how to apply.

Application deadlines

Type of studentDeadlineStart course
Dutch students01 May 202601 September 2026
15 October 202601 February 2027
EU/EEA students01 May 202601 September 2026
15 October 202601 February 2027
non-EU/EEA students01 May 202601 September 2026
15 October 202601 February 2027

Tuition fees

NationalityYearFeeProgramme form
EU/EEA2025-2026€ 2601full-time
non-EU/EEA2025-2026€ 21400full-time
EU/EEA2026-2027€ 2695full-time
non-EU/EEA2026-2027€ 22200full-time

Practical information for:

After your studies

Job prospects

As a graduate, you will be ready to take on roles in financial management in various settings, from start-ups to multinational companies, financial institutions, and consultancy firms. Whether your ambition lies in corporate finance, banking, or asset management, this programme opens doors to exciting opportunities in organisations operating worldwide across the public and private sectors.

Job examples

  • Financial and general management roles in companies and organisations: trainee (financial) management, corporate finance specialist, and CFO;
  • Treasury and risk management: from trainee to treasurer;
  • Financial institutions: all roles in banking, insurance, fintech, and private equity;
  • Consulting or in-house: consultant, M&A advisory, restructuring specialist, valuation expert;
  • Small businesses: entrepreneur, consultant, venture capital manager; and
  • Investment industry: financial analyst or portfolio manager.

Research

In Groningen, research is deeply connected to business practice, economics, and society. Some key areas of research you might explore as a student are:

  • How can firms access funding and choose between equity and debt? And how are different types of debt chosen, such as short-term versus long-term and corporate bonds versus loans from intermediaries?
  • How do firms make large investment decisions, including M&A? What are the key strategic considerations and which valuation methods are applied?
  • How can management teams sustainably run companies, creating value for all stakeholders?
  • What is the optimal governance structure of a company, in terms of board composition, executive compensation and shareholder/stakeholder rights?
  • What determines stock returns, and how can investors build optimal portfolios of investments?
  • What is the role of financial intermediaries in financial markets, and how has this role been disrupted by fintech innovations?
  • How can firms and financial institutions design risk management systems, including the use of derivative instruments (forwards, futures, options, swaps)?
  • How do entrepreneurs secure funding to start a business? What is the role of private equity, and how can entrepreneurs cash in via an IPO?

What is the difference between MSc International Financial Management and MSc Finance?

The Faculty of Economics and Business also offers the MSc Finance. The key difference between the programmes is the management orientation. The MSc International Financial Management is a programme that teaches management skills and knowledge that are applied in financial roles, in financial firms, small and large companies, and government and consulting organisations. You will receive rigorous training in working with data and models, with an emphasis on management applications. You learn to solve real-world problems. This is emphasised by the cooperation with a professional in financial management in each course and the use of case study teaching. The programme is suited for students with a business or management background.

The programme blends finance with management, fostering analytical thinking (Susan Dijkema)

The MSc International Financial Management caught my attention because it covers not only corporate finance but also includes risk management, financial accounting, and analytical and quantitative skills. It blends finance with management, instilling analytical thinking. It's more than just numbers; it's about analyzing and planning the next steps. The programme also provides a global perspective on the financial market. Upon completing the programme, I aspire to work in the banking industry, and IFM prepares me thoroughly for this field. All courses offer essential aspects for my future career. Beyond practical and technical knowledge, MSc IFM enhances my critical, creative, and problem-solving thinking, focusing on solutions.

The programme equips students with analytical skills for addressing global challenges in multinational corporations (Pablo Crespo Vallina)

The MSc International Financial Management captivates me with its diverse curriculum, problem-solving focus, and international market orientation. It equips students with analytical skills for addressing global challenges in multinational corporations, a valuable asset for international firms. My participation in the Sustainable Society Focus Area, delving into contemporary developments and corporate-society dynamics, aligns with the growing emphasis on ethics and sustainability, enhancing my future career prospects. I firmly believe that my acquired knowledge in transaction evaluation, financial analysis, stakeholder considerations, and ESG/CSR practices is exceptionally valuable in today's business landscape.

The programme offers guest lectures, real-life cases, and in-class projects, enhancing practical career understanding (Britta Bacsa)

I chose to study this Master’s programme, because one of the unique features is the opportunity to do a Double Degree programme, allowing you to study in both Groningen and Milan. What I value most about the MSc International Financial Management are its diverse opportunities. The programme's flexibility allows internships, studying in Milan through the DDM programme, and a valuable job market preparation, including a Career Week, where you engage with potential employers. Furthermore, guest lectures, real-life cases, and in-class projects enhance practical career understanding. Additionally, the mandatory courses greatly emphasize sustainability and digital business, fostering awareness and practical application. I believe the knowledge gained in this programme will be a solid foundation for effectively adapting to real-world work situations.

Last but not least, Groningen is a beautiful historic city with a large student community and is also relatively affordable compared to other Dutch cities.

Study associations

Financial Study Association Groningen

Financial Study Association Groningen, FSG, is the study association for the financially interested student at the Faculty of Economics and Business of the University of Groningen.
FSG is, with over 1800 members, one of the most active and professional study associations of the Netherlands. The goal of FSG is to close the gap between theory and practice that exists in the areas of:* Accountancy & Controlling (A&C)* Finance* International Financial Management (IFM)* Management Accounting & Control (MAC)
https://fsgroningen.nl/
Study support

Studying means working independently and planning your studies yourself. But successful studying depends on many different factors, so it is understandable that you may need to consult an impartial expert to discuss your study progress and personal circumstances that influence your studies. The faculty's study advisors are available to help you. Obviously, everything discussed with the study advisor remains confidential.