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Education Master's and PhD degree programmes Business Administration Management Accounting and Control
Header image Management Accounting and Control

Management Accounting and Control

How to support managers when they are pursuing the organizational strategy? Which information is useful to them, and how does this information affect the behaviour of employees?

The MSc Management Accounting and Control concentrates on enabling managers to achieve organizational goals. During this programme, you will gain knowledge about management accounting and financial management techniques. These techniques are used to provide (non-)financial information for decision-making and to develop planning and control systems. You will also develop the skills needed to communicate the information in an effective manner. The techniques will be placed in a context of broader issues, such as strategy, human behaviour and culture, and special attention will be paid to changes in accounting systems. You will explore subjects like management accounting, financial management, management control and management of change. Therefore, the Management Accounting and Control programme will enable you to connect the information needs of managers to state-of-the-art knowledge about human behaviour.

Did you know you can also study accountancy and controlling in Groningen? Find out more about our MSc Accountancy and Controlling .

Facts & Figures
Degree
MSc in Business Administration
Course type
Master
Duration
12 months (60 ECTS)
Croho code
60644
Language of instruction
English
Start
February, September
Faculty
Economics and Business
Why study this programme in Groningen?
  • Unique features of the programme are its business orientation and its possibilities to tailor the programme to your personal plans and interests. In fact, this is one of the few master programmes which places financial issues in a broader business context.
  • You become a financial expert who supports managers in their decision making and change processes. The programme offers you the opportunity to select courses from areas, such as Financial Reporting, HRM, IT, Marketing, and Healthcare, in such a way that they fit your personal interests and career plans. Moreover, you will have ample opportunities to broaden your scope in a way that fits your personal interests and career plans, by selecting electives from a large set of business administration courses.
  • The programme has been internationally accredited by the AACSB and EQUIS, ensuring a high-quality education, which only 1% of universities reach worldwide.
Programme

This programme offers you the chance to learn more about management accounting and financial management. Insights from these fields are used to provide (non-)financial information for decision-making and for planning and controlling organizational activities. The techniques and systems used to produce this information will be placed in the context of general management and related issues, such as strategy, human behaviour, and culture.

During the programme you follow four mandatory courses (5 EC each): 1) Management Accounting Techniques, 2) Management Accounting Change, 3) Financial Management for MAC, 4) Research in Management Control.

You can choose three electives, from the field of Business administration, including electives in Financial Reporting, Business ethics, HRM, ICT, Healthcare, Marketing and Innovation (5 EC each). Your master's thesis is based on, for example, interviews, a case study, a survey, or an experiment. Many students combine their data collection with an internship.

CoursesCourse Catalog >
Elective(s) MSc BA MAC (15 EC) (15 EC)
Financial Management for MAC (5 EC)
Management Accounting Change (5 EC)
Management Accounting Techniques (5 EC)
Master's Thesis MAC (20 EC)
Research & Skills for MSc BA (5 EC)
Research in Management Control (5 EC)
Programme options
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

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

Digital Business Focus Area (specialization)

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

1) complete two of eight chosen electives 2) write and round off an MSc thesis on a digital business 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

Management Accounting and Control facilitates but does not organise an international exchange.

Entry requirements

Transfer options

Study programmeOrganizationTransition
All Universities of applied sciences

Via a pre-master with a maximum of 60 EC

More information:

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, Econometrics and Operations Research, Economics and Business Economics, International Business, Technology Management, Management Control.

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 students01 May 202201 September 2022
15 October 202201 February 2023
EU/EEA students01 May 202201 September 2022
15 October 202201 February 2023
non-EU/EEA students01 May 202201 September 2022
15 October 202201 February 2023

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, Econometrics and Operations Research, Economics and Business Economics, International Business, Technology Management, Management Control.

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 students01 May 202201 September 2022
15 October 202201 February 2023
EU/EEA students01 May 202201 September 2022
15 October 202201 February 2023
non-EU/EEA students01 May 202201 September 2022
15 October 202201 February 2023
Tuition fees
NationalityYearFeeProgramme form
EU/EEA2021-2022€ 1084full-time
non-EU/EEA2021-2022€ 14816full-time

Practical information for:

After your studies

Job prospects

As a graduate, you are qualified for various types of jobs, ranging from financial and general management positions to positions as a consultant or business advisor. Alumni of the programme work for national as well as international companies, and both for-profit and non-profit organizations, including government institutions.

Employers value Management Accounting and Control graduates because of their analytical and communicative skills, and their ability to combine an understanding of management accounting and control issues with knowledge of the business.

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 strengthen 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

  • Assistant manager/management trainee, project manager, eventually leading to general manager
  • Management accountant or (business) controller, eventually leading to financial manager
  • Junior consultant in the field of financial management, risk management, performance management or change management, eventually leading to senior consultant
Research

Linking education to research and career preparation

Our education is strongly rooted in both organizational practice and academic research. This means that you will learn, not only how to apply particular performance measurement and decision-making techniques, but also how these techniques impact the behaviour of people in organizations. This focus on human behaviour in real-life organizational contexts also implies that your training will be based on the latest developments in the field of management control.

Moreover, by conducting both practically-oriented and research assignments, you will develop an analytical and critical mind as well as problem-solving capabilities, which are important qualities in any future career.

Your teachers will be researchers active in the field of management control. In collaboration with external partners, they conduct research projects on, for instance, risk management, leadership, health care and lean operations. Some examples are:

  • Martijn van der Steen investigates management control in the context of fighting missions of the Royal Dutch Air force
  • Sakshi Girdhar examines controls and practices in big auditing firms
  • Paula van Veen and Sandra Tillema study the impact of personality traits on the role of controllers in a banking organization
Apply nowBrochureEventsContact

Contact

Strong emphasis on the practical side of management

The programme Management and Accounting is focused on making management decisions regarding the organisation’s strategy. It combines applying knowledge about financial management techniques and control systems. The Master surprised me with a strong emphasis on the practical side of management. That motivated me to gain more practical knowledge and therefore I joined the financial study association RISK. My tasks include acquiring general sponsors and attracting companies for the activities organised by the association. This has helped me to get a good look behind the scenes and how certain firms operate within their industry. I highly recommend other students to consider joining extracurricular activities or committees, as it helps to develop crucial skills which can not be taught. (Sebastiaan Gessel | MSc BA - MAC)

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Opportunity to focus on different electives

What I liked about the programme is that it provides the opportunity to focus on different areas, such as health and energy, so that students can prepare themselves for their future career. I chose to have a broad focus when choosing my electives, in order for me to gain knowledge in a more broad field. The faculty provides opportunities to help you set your goal, set realistic expectations and prepares you on what will be expected from you as well as from the firm.

I have opted for following a Master Internship. At Jacobs Douwe Egberts, I got to see multiple departments in Finance, which helped me to discover what I like most. I really enjoyed my internship. It gave me the possibility to develop my analytical decision-making and communication skills. Furthermore, I got to know the firm from the inside and I discovered my own qualities and capabilities. My greatest advice to students that are planning on doing an internship is to ask for feedback as this is the best way to learn the most during your time in a company. (Harma de Boer| MSc BA - Management Accounting and Control)

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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.