Financial matters

Financial matters

Most of the internships offered to RSM students are paid. The average internship allowance in the Netherlands is €600 per month based on fulltime employment. Below you can find information for extra financial support during your internship.

  • This funding organisation gives MSc IM/CEMS, BIM, SCM, MI, GBSM and third year BSc students the opportunity to go abroad for study exchange or an internship. You can receive an Erasmus+ grant only for one study exchange and one internship during your entire studies.

    RSM Career Centre will nominate MSc IM/CEMS and third year BSc students according to their internship proposals. Their nominations are sent to the EUR International Office, responsible for the administration of the Erasmus+ grant programme. You cannot apply for this grant on your own behalf. The EUR International Office will tell eligible students how to proceed with an application for the Erasmus+ grant.

    Full details are on EUR’s funding webpage, but here is a quick outline of the conditions for being eligible for an Erasmus+ grant.

    • Erasmus+ grants are available to students on an internship in any country within the European Union except the Netherlands or Switzerland. Even though the UK left the European Union it is still possible for students to apply for an Erasmus + for study and internship in the academic years 2020-2021 and 2021-2022 if they meet the requirements.
    • The internship must be part of your curriculum and count towards your total of study credits (ECTS)
    • The internship must last for a minimum of two months and a maximum of 12 months
    • Students doing an internship in their home country are not eligible

     More general information can be found on EUR’s funding webpage.

  • Students who receive an OV student travel card from DUO (Dienst Uitvoering Onderwijs), and who do an internship in another country are entitled to € 95,51 per month as a travel allowance in lieu of the OV student travel card. To receive reimbursements on time, submit your request to DUO at least two months before you leave the Netherlands. Request forms are available on DUO’s website. RSM Career Centre can assist with your application and can sign these documents for you.

  • Subletting your room during your internship can reduce your costs, and also helps RSM to accommodate incoming exchange students while you are away. Students who want to temporarily rent out their room can use the student-to-student housing service HousingAnywhere may request an official letter proving you are doing an internship. Please send your request for such a letter to the Career Centre. We need the following details:

    • Full name
    • Fate of birth
    • Student number
    • RSM programme 
    • Company name, address, city and country, and
    • Start and completion date of your proposed internship.
  • Keep in mind that every country has its own regulations on insurances. Always check what kind of insurances you need when going for an internship abroad and if your travel insurance is covering this.

    International students doing an internship in the Netherlands and receive at least the Dutch minimum wage that applies to their specific situation, are considered to be insured under the Dutch Health Insurance Act. This means they are legally required to take out Dutch basic health insurance. If the internship pay is less than this minimum wage, the intern is not allowed to take out a Dutch basic health insurance.

    For the calculation of the minimum wage that applies to a specific situation, please see the following tool (only available in Dutch).

    For general questions about health care insurance, please contact the Zorgverzekeringslijn