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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 and learn how to manage international financial and accounting activities in multinational companies.

Nowadays internationally oriented firms and organisations are looking for professionals who can understand and use the latest finance and risk management tools and techniques for managing international financial activities. The MSc International Financial Management (MSc IFM) will equip you with advanced academic 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.

The MSc IFM programme teaches you to think strategically and explore how new ideas can be initiated and managed. You will be able to apply research methods and address financial problems multinational companies are faced with. Moreover, you will gain advanced knowledge in several specific sub-fields in international financial management, such as international risk management, including exchange rate and political risks, international financing opportunities, corporate governance and social responsibility. Also, you will conduct research on opportunities and threats to multinationals in international financial markets, international management accounting and control, international financial reporting and different aspects of international business and the international economic environment in which multinational companies operate.

It is possible to earn two Master's degrees by studying International Financial Management in Groningen and Banking and Finance in Milan. In the first year you can study the MSc IFM in Groningen and in the second year you will follow classes in Milan. Read more about the double degree option with the Università Cattolica del Sacro Cuore in Milan.

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.
  • During the programme, you will have the opportunity to broaden your studies by selecting two electives from other FEB MSc programmes or from Focus areas such as energy and finance and economic development.
  • You can
  • The programme has been internationally accredited by the AACSB and EQUIS, ensuring a high-quality education, which only 1% of universities reach worldwide.
Programme

Half of the 60 ECTS programme (six mandatory courses) is focused on the core courses of IFM. Please see below these courses. The research preparation and thesis work comprise 20 ECTS and you can choose 10 ECTS of electives that match your preferences.

You will gain advanced academic knowledge of theoretical concepts in international financial management.

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)

Some examples: International Banking and Finance, Responsible Finance and Investing, Behavioural Finance & Personal, Value-based Management.

Empirical Methods (5 EC)
Financial Management for Multinationals (5 EC)
International Financial Institutions and Governance (5 EC)
International Financial Reporting (5 EC)
International Man. Accounting & Control (5 EC)
International Risk Analysis and Research (5 EC)
Master's Thesis (20 EC)
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 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.

More information about this option

Double Degree Master Chinese Economy 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

Finance & Development Focus Area (specialization)

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

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

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 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
Entry requirements

Transfer options

Transferring from...

Study programmeOrganizationTransition
All Universities of applied sciences

Via a pre-master with a maximum of 60 EC

More information:

You can follow the standard Pre-Master's programme. Read more: https://www.rug.nl/feb/premaster

Study programmeOrganizationTransition
Econometrics and Operations ResearchUniversity of GroningenNo additional requirements
Business AdministrationUniversity of GroningenNo additional requirements
Economics and Business EconomicsUniversity of GroningenNo additional requirements
International BusinessUniversity of GroningenNo additional 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. For more information, please visit: https://www.rug.nl/feb/apply-msc.

other admission requirements

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

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 students15 October 202201 February 2023
01 May 202301 September 2023
15 October 202301 February 2024
EU/EEA students15 October 202201 February 2023
01 May 202301 September 2023
15 October 202301 February 2024
non-EU/EEA students15 October 202201 February 2023
01 May 202301 September 2023
15 October 202301 February 2024

Admission requirements

Specific requirementsMore information
certified competences

A GMAT/GRE test is required from all candidates who obtained their bachelor's degree from a university in a non-EU/EEA country. For specific scores and exemptions, please see https://www.rug.nl/feb/gmat-gre.

  • Both GMAT and GRE are now being offered by mba.com and ETS as an online option to take from home worldwide. Please check their websites for more information.
language test

IELTS Academic overall score 6.5 (Speaking 6, Writing 6.5); TOEFL internet-based overall score 90 (Speaking 20, Writing 24); Cambridge B2 First, C1 Advanced or C2 Proficiency (overall score 176, Speaking 169, Writing 176).

  • ETS is offering the TOEFL tests as an online option to take from home worldwide. Please check their website for 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 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.

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 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 students15 October 202201 February 2023
01 May 202301 September 2023
15 October 202301 February 2024
EU/EEA students15 October 202201 February 2023
01 May 202301 September 2023
15 October 202301 February 2024
non-EU/EEA students15 October 202201 February 2023
01 May 202301 September 2023
15 October 202301 February 2024
Tuition fees
NationalityYearFeeProgramme form
EU/EEA2022-2023€ 2209full-time
non-EU/EEA2022-2023€ 16201full-time

Practical information for:

After your studies

Job prospects

After successful completion of the MSc programme in 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, and multinational public organisations such as the International Monetary Fund (IMF), World Bank, ECB, European Central Bank (ECB), etc. and governmental institutions.

As a graduate, your degree will be highly valued in the labour market. The Faculty of Economics and Business is internationally accredited and belongs to the 1% of business schools around the world accredited by both EQUIS and AACSB.

FEB Career Services
When you become a student at the faculty, we want to support you in developing your career and strengthening your employability skills. You can count on a dedicated on-campus Career Services team offering you a wide range of courses, workshops, events and career-related support during your studies. Everything you need to enter the labour market.

Job examples

  • Financial manager with a multinational firm
  • Corporate finance expert with an industrial or a financial firm
  • Financial analyst with a large financial institution
  • Internal or external financial consultant for industrial and financial 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 professional development since an analytical and critical mind and problem-solving capabilities are important qualities in any career our students aspire to.

Research institutes related to the MSc programme:

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In my internship, I got to practice everything that I learned during my studies

I chose to study in Groningen due to my prior experience as an Erasmus student. I really enjoyed the Finance course I participated in during my exchange. This made me apply for the MSc in Finance. The University of Groningen pays special attention to research papers and while at the beginning this was a bit challenging, I really appreciate all the academic support I got. The teachers have always been really supportive.

I did not have any previous experience in a Finance position, therefore I decided to do a Master Internship as part of my programme. As an intern at Pepsico, I got to put into practice everything that I learned during my studies. Furthermore, I had the opportunity to get to know the work performed by different departments which really helped me to determine the fields that best align my career interests. I strongly recommend doing a Master Internship as you will get the opportunity to learn a lot, meet a lot of interesting people, and gain valuable experience. (Iman van der Velde Figueroa | MSc International Financial Management)


Read more

Related Master's programmes

Did you know you can follow a finance programme in Groningen? Find out more about our MSc Finance.

Read more

Study associations

Financial Study Association Groningen

FSG is the study association for financially interested students at the Faculty of Economics and Business. FSG is founded in 2021 and is established from the merger between Risk and Pro Memorie.
https://fsgroningen.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.