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Header image International Financial Management

International Financial Management

How do you manage international financial transactions? This programme will teach you.

**Joint 2nd place in best MSc Finance in the Netherlands - Higher Education Guide Masters 2018 **

These days internationally oriented firms and organisations 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 programme equips you with knowledge, understanding and skills required to define, analyse 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 programme 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 organisation.

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

The MSc IFM programme 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 programme, ensuring a high quality education that meets both the AACSB and EQUIS standards, which only one percent of universities reach worldwide.

Programme

One-third of the 60 ECTS programme 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 of 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 programme 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 to 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.

CoursesCourse Catalog >
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)

Curriculum

Check for in-depth info on all courses: https://www.rug.nl/ocasys/rug/vak/showpos?opleiding=5259

Programme options
Double Degree Master China and the World Economy (specialization)

2 year Double Degree programme in Groningen and Fudan Shanghai University

More information about this option

Sustainable Society Focus Area (specialization)

Focus your MSc on Sustainable Society and gain specialised knowledge in the field. There are two steps to the Sustainable Society Focus Area-

1) complete two electives from a predetermined list 2) write and round off an MSc thesis on a sustainable society topic

More information about this option

Energy Focus Area (specialization)

Focus your MSc on Energy and open up extra career opportunities. There are two steps to the Energy Focus Area-

1) complete two of four chosen electives 2) write and round off an MSc thesis on an energy topic

More information about this option

Master Internship (specialization)

Opportunity for an internship between February and June. You will be rewarded 15 ECTS on top of your programme. Your thesis will be postponed to the first semester of your next study year.

More information about this option

Study abroad

  • Study abroad is optional
Entry Requirements

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 Administration, Economics and Business Economics, International Business.

To assess whether your educational/academic background meets the specific programme requirements, we will consider the level and curriculum of your previous studies, and the grades that you have obtained.

For more information, see: http://www.rug.nl/feb/education/admission-application/nl-route/1

If you have any questions concerning admission, please contact our Admissions Office: http://www.rug.nl/education/international-students/application-procedure/support/admissions-office

Transfer options

Study programmeOrganizationTransition
Business EconomicsAll Research universitiesNo additional requirements
Business AdministrationAll Research universitiesNo additional requirements
Economics and Business EconomicsAll Research universitiesNo additional requirements
International BusinessAll Research universitiesNo additional requirements
Technologie ManagementAll Research universitiesNo additional requirements

Admission requirements

Specific requirementsMore information
certified competences

GMAT/GRE; for specific scores (and exemptions), see http://www.rug.nl/feb/education/admission-application/intl-route/1

grade list

A certified grade list(s) is considered in the evaluation.

language test

TOEFL internet based (IBT): 90, IELTS Academic: 6.5; for specific scores, see: http://www.rug.nl/feb/education/admission-application/intl-route/1

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, and the grades that you have obtained.

For more information, see: http://www.rug.nl/feb/education/admission-application/intl-route/1

If you have any questions concerning admission, please contact our Admissions Office: http://www.rug.nl/education/international-students/application-procedure/support/admissions-office

Language requirements

ExamMinimum score
C1 Advanced (formerly CAE)C1
C2 Proficiency (formerly CPE)C2
IELTS overall band6.5
IELTS writing6.5
IELTS speaking6
TOEFL paper based580
TOEFL computer based237
TOEFL internet based90

Application deadlines

Type of studentDeadlineStart course
Dutch students01 June 201901 September 2019
15 October 201901 February 2020
01 June 202001 September 2020
15 October 202001 February 2021
EU/EEA students01 May 201901 September 2019
15 October 201901 February 2020
01 May 202001 September 2020
15 October 202001 February 2021
non-EU/EEA students01 May 201901 September 2019
15 October 201901 February 2020
01 May 202001 September 2020
15 October 202001 February 2021
Tuition Fees
NationalityYearFeeProgramme form
EU/EEA2018-2019€ 2060full-time
non-EU/EEA2018-2019€ 14350full-time
EU/EEA2019-2020€ 2083full-time
non-EU/EEA2019-2020€ 14600full-time

Practical information for:

After your studies

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 organisations such as the IMF, World Bank, ECB, etc. and governmental institutions.

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 on the labour 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. Check: FEB Career Services.

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 preprofessional 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

Global Economics and Management

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Master's dayBroerstraat 5More information

Contact

If you want to know more about the programme International Financial Management, please contact:

  • 
								Testimonial of Spyros Mylonas, Greece

    The MSc in IFM broadens my academic horizon

    – Spyros Mylonas, Greece
    Read more

    I thought it was important for my personal development to take my Master's degree abroad.

    The advantage of the MSc in International Financial Management is that it combines two Master's degrees in the space of one and a half years. You take International Business & Management in Groningen in the first semester and the MSc in Business & Economics in Uppsala in Sweden in the second semester. Another attractive feature of the MSc in IFM is that it broadens my academic horizon by providing financial insights under a managerial lens, as well as dealing with all subjects in the programme in an international framework. In the end the double programme turned out to be a perfect combination. In Groningen the emphasis was on academic theory, whereas the programme in Uppsala had a more practical slant.

    Close
  • 
								Testimonial of Doortje Vos

    "Focus on your studies but enjoy extracurricular activities as well."

    – Doortje Vos
    Read more

    "The Master's in International Financial Management is broad and offers you many opportunities in the labour market. I was therefore able to sign my employment agreement as a Commercial Management Trainee at Lidl quite soon after graduation. The theoretical knowledge about strategy and management is something I apply on a daily basis in my current job. The financial angle of the Master's also helps me to interpret financial figures quickly. I am currently responsible for one store – opening and closing, receiving and sending goods, personnel and more. At the end of my traineeship I will be responsible for managing the key performance indicators of five stores.  

    I would advise people to get the most out of their time as a student and not settle for what is average. Focus on your studies but enjoy extracurricular activities as well. While the former provides you with a solid background of financial and management knowledge, it is the latter that allows you to put your knowledge into practice. A great example is the Master's Honours College, a programme that focuses on developing leadership skills by putting them into practice."

    Close

Study associations

EBF

The Economics and Business Faculty association (EBF) is the faculty association for all students studying at the faculty of Economics and Business of the University of Groningen.
The EBF is your partner during your time in Groningen by organising events that support you with your studies and help you prepare for your future career.
https://www.ebfgroningen.nl/

Risk

Risk is the study association for Accountancy, Controlling, Finance, and the financially interested student at the University of Groningen.
Risk has set itself the goal to close the gap that exists between theory and practice in the areas of Finance, Accountancy & Controlling, Organizational & Management Control, and International Financial Management.
https://www.verenigingrisk.nl/
Read more
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.