• Application deadline

    CLOSED

    application closed on the 9th of December for the September 2022 start. No new applications will be accepted, but all submitted applications will be evaluated.

  • Starting date

    August 2022 (week 34)

  • Format

    Full-time | 12 months

  • Credits

    60

  • Fee

    €2,209 (EEA)* | €20,700 (non-EEA)

    * For EEA nationals who have already completed a master in the Netherlands (and obtained the diploma) the tuition fee for a 2nd master is approximately €12,000.

  • Language

    English

This one-year full-time MSc in Finance and Investments is demanding and requires a proactive attitude; it will provide you with the latest in-depth knowledge and insights, plus the right skills and mindset essential for a successful career as a finance professional.

  • 52% international students in programme
  • 94% of graduates employed within 3 months after graduation
  • Examples of your future job title:  Financial analyst, Portfolio / Risk manager, Financial consultant

What you will learn

The programme will prepare you for a position in, for example, a financial institution, a corporation, a consultancy, your own start-up, a government project, or an NGO. You will learn from world-class academics specialising in finance, and from leading practitioners.

RSM is one of only a few business schools in the Benelux that is partnered with the Chartered Financial Analyst Institute® (CFA). Thus, you can earn your master’s degree and prepare for the CFA® Level I exam within one academic year – another step on your way to becoming a financial analyst, portfolio/risk manager, or consultant.

And because RSM is also an Academic Partner of the Chartered Alternative Investment Analyst Association (CAIA), your curriculum can be part of your preparation for CAIA exams as you learn strategies and practice for alternative investments that can be applied to hedge funds, real estate, or private equity.   

Programme highlights

  • The course portfolio is updated every year

    To reflect the transformation and the changing finance and investing landscape

  • Direct connection to the job market

    Through guest lectures, company projects and networking events with business and data professionals

  • Top-ranked

    RSM is consistently ranked well in (international) master rankings, for example in the national student satisfaction survey Studiekeuze 123.

  • Faculty

    International instructors who can explain theory and concepts in a clear and engaging way

  • On-campus

    Guest lectures by key people from the industry, interactive learning, and study clubs

  • Off-campus

    International study trips, company in-house days, and internship opportunities

More about the programme

Curriculum

The RSM MSc in Finance & Investments programme is one academic year’s duration. Core courses are compulsory and will be offered during the autumn semester (22 EC). Master electives (18 EC) are offered during the spring semester, of which one elective can be chosen from another MSc programme. It is also possible to replace one elective with an internship or business project. During the year, students work on a master thesis project (20 EC).

Please note that certain electives may be very popular. Although we can place most students in the elective(s) of their choice, there are no guaranteed places.

A teacher's story

  View all core courses below:

 

Corporate Finance deals with two broad and interrelated themes: i) how to value businesses and corporate investment opportunities and ii) how to finance corporate investment and activities.

In the course you will learn the basic principles and foundations of corporate finance. The focus will be on financing and financial policy covering the trade-off theory of capital structure, conflicts of interests between investors, signaling models, the pecking order theory as well as key features of the issuance process for certain kinds of debt and equity.

Review the course guide for more details.

Taught by Prof. D. Metzger.

Understanding what drives the valuation of companies is essential not only from an investor’s perspective but also in one’s role as a manager, security analyst or merger advisor. The goal of this course is to provide students with the knowledge and skills necessary for performing discounted cashflow valuation of firms from first principles. The course will also touch upon multiples-based valuation techniques. 

The first sessions of the course will focus on the adjustments necessary for identifying value relevant cashflows from reported earnings and other available accounting information. In the following sessions we will discuss how to identify the drivers of growth (as well as the limits to growth) so as to make economically meaningful forecasts. This will be followed by an estimation of the cost of capital for firms which involves among other things, the estimation of firms’ business and financial risk. Finally, we will learn how to incorporate these inputs into valuation models appropriate to the firm-specific context (for example the cost of capital approach or the adjusted present value approach) to come up with an estimate of firm value.

To provide hands on experience, in the workshops we will apply the theories discussed each week to estimate different valuation inputs to complete a real-world valuation exercise by the end of the course.

Review the course guide for more details.

Taught by Dr A. Rajamani and Dr M. Paaso

This course deals with financial decision-making from the perspective of an investor. We focus on the fundamental principles of risk and return, diversification, asset allocation, and efficient markets. Students will develop their knowledge on financial market structures, equity and fixed income securities, investment strategies, behavioral finance, anomalies, and the limits to arbitrage. The course furthers students’ understanding of Modern Portfolio Theory, the Capital Asset Pricing Model, the Arbitrage Pricing Theory, market efficiency, and stock return predictability by discussing recent insights from academic research. Furthermore, the course covers fixed income markets and the term structure of interest rates. Although the main goal of the course is to cover the academic foundations for the broad field of investments (and lay the groundwork for more applied courses in the remainder of the MScFI), the course will also discuss practical applications as well as the implications of the theories covered.

Review the course guide for more details.

Taught by Prof. M. van Dijk.

This course introduces a set of analytical tools to solve practical problems in finance using Microsoft Excel. The objective is to bridge the gap between theory and practice by understanding the foundations of financial models, implementing these models in Excel with real-world data, and using the outcomes to support financial decision making. The course helps students to gain the financial knowledge and modeling skills needed to succeed in the financial industry that is increasingly relying on quantitative models. Topics covered in the course include portfolio optimization techniques, performance evaluation methods, option pricing models, and risk management models.

Review the course guide for more details.

Taught by Dr M.M.J.E. Cosemans

This introduction course starts with analysing and discussing the contribution of finance to society. The link with the RSM mission ‘a force for positive change’ is highlighted. How can finance be a force for positive change?

The course provides an introduction newly emerging topics in the financial system. This year the focus is on FinTech and Sustainable Investing. The topics are approached from an academic and practical angle. Finance faculty link the topics to the core courses in block 1 and 2. Guest speakers introduce the topics from a practical perspective. The overall aim of the introduction course is to introduce the academic concepts in finance and to show the practical relevance of finance.

Students apply the acquired insights in group assignments.

Review the course guide for more details.

The financial crisis of 2008 led to public discussion about a possible lack of moral conduct in the corporate world. Ethics and compliance became terms often used in the financial sector. The pressure for financial organizations to comply with laws and regulations and implement compliance measures to live up to ethical standards is since then ever-increasing. Compliance measures and ‘ethics & compliance’ departments are now commonplace within the financial sector. This course will provide students with academic knowledge on what business ethics means in practice for financial organizations. It will help students to better understand crucial ethics and compliance concepts and how their own ethical behavior is sometimes influenced by external factors. It is important for the future finance professional to be aware of this as working in the financial sector will mean that they will get in contact with these concepts.

For this course it is needed that students actively participate during the lectures and make the two individual assignments.

Workshop 1: Ethics and misconduct in the Financial Sector: Welcome to the Dark Side?

We discuss what is meant with the terms “ethics” and “compliance” in the context of a business organization. In the lecture we take a behavioral (as opposed to a philosophical) approach in order to understand what factors influence human behavior concerning ethics & compliance. What influences people towards morally good or bad decisions? We discuss different examples of misconduct from the financial sector.

Workshop 2: Pressure and Dilemmas

We will further discuss several examples of ethical issues and compliance violations from the financial sector in an interactive way. We have studied academic articles on behavioural

concepts, and we will use these to apply and deepen our knowledge gained in the first lecture.

Workshop 3: Compliance Management: Rules to protect us from the Dark Side?

We will discuss several examples on how to manage ethical behavior. We will discuss the following questions:

  1. How can we make employees comply with laws, regulations and guidelines?
  2. What are the pitfalls of all these rules and controls?
  3. How does an organization make the best use of compliance instruments like a Code of Conduct and a whistleblowing procedure?

Review the course guide for more details.

Taught by M.A. de Kiewit.

The aim of Your Future Career is to prepare students at an early stage in their MSc for their career.

When you care about what you do, you will enjoy your work more, create greater impact, and be more successful in being a force for positive change. However, it can be difficult to identify what your passion is, where your competencies and skills will be useful, and which professional environment and culture are the best match for you. Therefore, RSM Career Centre has developed a course to put you in the driver's seat of your career, and to support you in identifying your first career step after graduation and preparing for it.

The online modules of “Your Future Career” will help you make crucial steps towards the most suitable internship or job for you. You can decide yourself if you want to reflect on your interests and motivations, develop knowledge of the job market, functions, companies and industries, receive peer feedback on your application materials, have contact with an alumni mentor or attend an interactive workshop.

The Your Future Career course takes place in block 1 and 2 and is awarded 1 EC based on pass/fail.

Contact: RSM Career Centre via yourfuturecareer@rsm.nl.

Review the course guide for more details.

Taught by Dr M. Szymanowski & L. Keir.

View all electives below.

Over the last decades, companies and investors have been increasingly challenged by risks due to unpredictable movements in stock prices, commodity prices, exchange rates, and interest rates. Financial markets have responded to this increase in volatility by developing a wide range of financial instruments known as derivatives, as well as strategies combining these products with traditional financial securities like stocks and bonds. As a result, derivatives markets have rapidly increased in volume and size and have become one of the most exciting areas in finance. However, the global financial crisis in 2007-2008 has made clear that derivatives can also create new risks when their design and limitations are poorly understood by market participants.

This goal of this course is to help students navigating the complex and esoteric world of derivatives. It covers the essentials of key derivatives instruments, such as forwards, futures, swaps, and options. You will learn how these products work, how they are used for hedging and speculation, how they are priced using fundamental no-arbitrage principles, and how to exploit any mispricing using arbitrage strategies. You will apply this theoretical knowledge to solve practical assignments and case studies. The course fosters a deep analytical and conceptual understanding of derivatives and enhances your problem-solving skills.

Review the course guide for more details.

Taught by Dr M.M.J.E. Cosemans.

This course is intended to enhance the M&A preparedness of students in their future roles as employees, M&A advisors, or stakeholders by providing an overview of topics relating to M&A.  The course will combine theory with practical insights from invited guest speakers.  The theoretical content will be focused on the institutional settings that underlie M&A transactions and their implications for various deal-related choices.  We will use findings from extant academic literature to highlight stylized facts about M&A.

The course will cover the following broad themes: (i) drivers of mergers and takeovers and sources of value creation from M&A, (ii) considerations underlying deal structuring, payment and financing choices, and (iii) accounting challenges, valuation and risk management in the context of M&A. 

Review the course guide for more details.

Taught by Dr A. Rajamani.

From very humble beginnings in the 1980s, Private Equity has become a very large Asset Class. Although fundraising has levelled off in 2019 and 2020 from an all-time record in 2018, still, at the end of 2020 over $2 trillion of “dry powder” globally is looking to be invested by PE funds.

This course aims to give students a solid introduction to the world of Private Equity (including Venture Capital and Buyouts). It focuses on the following (along with practical insight from prior transactions) main areas of knowledge that underpin the PE environment:

  • “Organizational” topics related to PE funds & investing;
  • Cash flow analysis & modeling (we will be using a PE/LBO model for that);
  • Review of corporate valuation methods;
  • PE investment process (a complete cycle from a purchase idea to a completion of acquisition; and from putting the asset up for sale through to a complete exit) - we will follow a “live” (recently completed) transaction;
  • PE transaction structuring;
  •  Negotiation of a Term Sheet/Letter of Intent and Share Purchase Agreement (SPA);
  •  Finalization of the transaction price (Locked Box and Completion Accounts mechanisms);
  •  Practical key lessons from prior transactions, i.e. practical experience;

With the exception of item 1 (above), where some theory and “informational” delivery (deliberately kept to a modest minimum) is scheduled, this course focuses on practical aspects and transaction based learning.

Review the course guide for more details.

Taught by A. Grezsczak MBA.

Understanding and analyzing business value is a key competitive advantage in M&A, private equity as well as fundamental for any corporate investment decision. A sound business valuation requires, amongst others:

  • Understanding of the valuation context
  • Analysis of the company and its strategy
  • Financial and value creation analysis
  • Forecast of future financial performance
  • A valuation method/approach that is aligned to the valuation context

In this course we discuss various (advanced) approaches to measure and analyze business value and value creation both from an academic and practitioners perspective. We will expand on the students basic knowledge on business valuation and value creation analysis and take this to the next level. This course is highly relevant for students that pursue a career in M&A, private equity and/or valuation advisory.

Review the course guide for more details.

Taught by H. Haanappel. 

FinTech covers digital innovation and technology-enabled business model innovation in the financial services. FinTech is rapidly evolving across the globe and represents an existential challenge for major parts of the industry.

This course provides an introductory overview of innovations that are central to FinTech in the areas of payment, capital raising, investment, and credit. Specifically, the main focus is on blockchain technology and its specific issues and applications. However, other important innovations covered include crowdfunding, robo-advising, social trading, peer-to-peer lending, mobile money, and central bank digital currency. The course also explores threats and opportunities that these technologies pose to incumbent firms and discuss the way that FinTech interacts with law enforcement and regulation issues. Furthermore, the course features a number of guest speakers from industry.

Review the course guide for more details.

Taught by Dr T. Lambert.

In this course the focus is on financial topics related to real estate investment and financing (corporate real estate, commercial real estate and residential). The course provides a theoretical framework to study these topics; ample empirical facts and actual practices of agents in Real estate and finance markets will show business relevancy.

This course prepares students to understand the risks and rewards associated with investing in and financing Real estate. There are three main topics:

»        Market analysis.

»        Real estate valuation, and most importantly,

»        Real estate finance.

Review the course guide for more details.

Taught by Dr P. Neuteboom.

This course provides insight in the sustainability challenges and the link to finance. The main task of the financial system is to allocate funding to its most productive use. Traditional finance focuses on financial return and regards the financial sector as separate from the society of which it is part and the environment in which it is embedded. By contrast, sustainable finance considers financial, social, and environmental returns in combination and shows how finance can accelerate the transition to a low-carbon, inclusive economy.

The course reviews evidence that environmental, social, and governance (ESG) factors matter and explains in detail how to incorporate these in company business models and strategies, equity investing, bond investing, and bank lending. The course examines the financial instruments and techniques that can be applied in the context of evolving climate policies (and other sustainability policies). The tools will be applied in a group assignment on the valuation of a company based on ESG factors.

Review the course guide for more details.

Taught by Prof. D. Schoenmaker.

Economic theory treats people as if they were making rational choices. Yet, in practice, investors and managers do not always make rational decisions. In fact, a lot of CEOs admit that major business decisions come “straight from the gut”. And such judgement about money and investment plans are often clouded by biases and emotions. In the course of Behavioral Finance, we investigate how these behavioral biases impact our financial decisions, and how we can avoid the most common pitfalls. 

Behavioral finance is the application of psychology to financial behavior of practitioners. It has gained prominence in academia. Daniel Kahneman and Richard Thaler were awarded the 2002 and 2017 Nobel Prize in Economics respectively for their contributions in the field. It is also appreciated by practitioners. Financial institutions such as Goldman Sachs, Merrill Lynch, ABN Amro, and Robeco all run funds employing behavioral strategies. 

Review the course guide for more details.

Taught by Dr L. He.

In the last phase of your study, it is important to apply the knowledge and skills you have developed by doing an internship. There is an option to do an internship as part of your MSc in Finance & Investments by choosing the Internship Elective in Block 5. During the Internship Elective, the students will be working independently at a well-established company (or other organization) where they will be involved in the financial activities, projects, and decisions that the firm is engaging in. More importantly, students will actively have to work on a project within the company that is of a solid academic level where the students can demonstrate and apply their knowledge in the field of finance in a real project. While working at this company, the students have to write a report in which they explain the contents of their work and translate the knowledge and skills obtained in the MScFI program into the working field. The students are responsible for finding their own internship company.

Review the course guide for more details.

This elective examines the main activities of financial intermediaries, the related risks, and how these risks can be managed. Moreover, we will deal with specialized topics that have recently gained in importance, such credit risk transfer, off-balance sheet banking and fintech. Finally, we will consider the objectives and requirements of banking regulation, and discuss the challenges raised by the Global Financial Crisis and the recent Covid-19 crisis.

Review the course guide for more details.

Taught by Prof. W. Wagner.

The objective of this course is to provide students with a state-of-the-art understanding of the valuation of small and mid-cap public and private firms, and the economics of contracts as it applies to entrepreneurship and new venture finance. Entrepreneurship concerns the undertaking of new business ventures. We will analyse the unique financial issues relating to entrepreneurial firms and to develop a set of skills that has wide applications for such situations. Specific topics will include: start- up ventures; financial management of rapidly growing firms; deal structuring; valuation; initial public offerings; the decision to harvest; and leveraged / management buyouts. We will discuss the various sources of capital for entrepreneurial firms. These sources include venture capital, commercial banks and crowd funding. The decisions of firms at various phases of their life cycle will be examined and the advantages and disadvantages of various sources of financing will be compared. Analytical tools will be introduced and utilized. Financial analysis, various valuation methods, negotiations,

and deal structuring are examined in the context of entrepreneurial firms. This course is aimed at students who plan to start, acquire, finance or work for entrepreneurial, fast-growing businesses. It will also be useful for students who plan to join venture capital / private equity firms and investment banks. The course aims at instructing the student in how “real world” professional investors and corporate managers operate to create wealth from entrepreneurial activity.

Review the course guide for more details.

Taught by Prof. Dr P.G.J. Roosenboom.

Financial distress risks have received a wide media attention with the corona pandemic, several large accounting frauds, the Brexit, and monetary policy decisions of the European Central Bank. Next to this media coverage, financial distress risks are a central factor in empirical and theoretical research across all fields of finance, including asset pricing and corporate finance. Students with a deeper understanding of financial distress risks can apply this knowledge at numerous employment opportunities, including finance departments of corporations, banks, public and private investment firms, accounting firms, and government agencies.

The course Financial Distress and Corporate Restructuring provides participants with a theoretical and practical skill set to understand financial distress risks from the perspective of a corporation. The course covers the legal framework for bankruptcies, bargaining theory, the impact of financial distress on security pricing, prediction models for default, and empirical evidence regarding the negative consequences of financial distress. The course is highly interactive and features lectures that cover theoretical concepts besides many applications, including in-class examples using real-life data, a bargaining simulation game, two case studies, and a guest lecture. The video Welcome to Financial Distress and Corporate Restructuring provides an overview of the course.

Review the course guide for more details.

Taught by Dr C.H.O. Schmitt.

It is a data-driven world with an extreme competition for analytical talent, according to research by McKinsey Global Institute and McKinsey Analytics in 2017. In this course, I will discuss two main techniques to deal with structured data and unstructured data at entry level: 1) textual analysis and 2) machine learning. It aims to introduce a set of analytical tools for understanding and examining real-time data examples in R. Students need to complete empirical assignments in R to enhance the knowledge and skills learned in the course.

Review the course guide for more details.

Taught by Dr M. Luo.

In this course we will learn some general principles about financial modeling in Excel. We will read through a selection of classical finance studies and will try to replicate these studies in Excel. The topics we will cover range from asset pricing and performance evaluation to bond markets and private equities.

Review the course guide for more details.

Taught by Dr. J. Huij.

The objective of this course is to help students bridge the gap between fundamental investment theories and modern investment practice.  We will consider empirical evidence for the efficient market hypothesis as well as market imperfections and their implications for portfolio management.  This will involve mastering the tools of optimal portfolio construction and performance evaluation along with careful discussions of market anomalies and the behavioral biases from which they may arise.  We will also learn about two key players in the investment management industry, mutual funds and hedge funds, and each topic will be put in the context of its use by both professional money managers and individual investors.  The course will include presentations of classic papers, analysis of real financial data using statistical software, and a group project to apply investment management concepts 

Review the course guide for more details.

Taught by Dr. L. Emery.

Financial risk management is of the utmost importance for institutional investors, both from the regulatory and fiduciary perspective. In this course, the main sources of financial risk are discussed, such as: market risk, liquidity risk, credit risk and operational risk. Approaches to quantify each of these risks (e.g. duration, VaR, ES, etc.)  as well as the various approaches to manage these risks are discussed during this course. Several cases are discussed in which effective risk management fail in practice. 

Having understood the main risk factors for institutional investors, we also explore the market for fixed income securities which are instruments with a direct exposure towards market risk (interest rate risk) and credit risk. The market for fixed income securities is one of the most important segments of financial markets. Several topics in relationship to this market are discussed: Fixed-rate bonds, convertible/callable bonds, term structure models, fixed income trading strategies and asset backed securities. Furthermore, particular attention is paid to hedge risks associated with fixed income using credit default swaps or interest rate swaps. 

Review the course guide for more details.

Taught by Dr. J. Koëter.

The Honours Class includes an interactive course by academics and practitioners on the Role of Finance in Society and a living management case. The course provides insights in the societal role of finance: what can finance contribute to a good society. It is aligned with the mission statement of the RSM: A force for positive change. Topics and cases are each year refreshed reflecting the newest trends in societal thinking and their application to finance.

  •  Block 3 & 4: Eight lectures (a mix of academic lectures, and guest lectures by industry) on the Role of Finance in Society. The topics for academic year 2021/2022 are Sustainable Investment and Banking, FinTech and Blockchain, and Responsible Finance and Financial Inclusion. The form of assessment is an essay for the interactive course.
  • Block 5: Living Management case with corporate partners. The form of assessment is a group assignment for the case.

Review the course guide for more details.

  

The Research Skills course gives students the opportunity to acquire the statistical and econometric skills needed to work with data, conduct an empirical analysis, interpret and report the results in the context of an academic paper or thesis. These skills are essential for the

successful completion of the Master Thesis. Students will attend lectures and workshop sessions, will work with Stata (and Excel) and have to complete an empirical assignment.

For the assignment, students can choose between two tracks: Corporate Finance or Investments. Otherwise, the two tracks are identical. The skills students train are the same (e.g., processing data, implementing empirical methods using statistical software, and interpreting results), and so is the exam.

Review the course guide for more details.

Taught by Prof. M. Verbeek.

The master thesis trajectory comprises four compulsory stages that are followed sequentially by the students:

Stage 1: Orientation and topic selection

Stage 2: Research Skills course

Stage 3: Master thesis proposal

Stage 4: Master thesis.

After the successful completion of the Master thesis proposal, Master thesis, and defence students obtain 16 EC. The Research Skills course yields 4 EC and is part of the core courses.

Note regarding taking courses if you are not an RSM master student: RSM does not offer the possibility for non-RSM students (master or otherwise) to take RSM MSc courses outside of official exchange partnerships or other inter-faculty agreements. If you are interested in learning more about corporate social responsibility, sustainability, or business ethics, please refer to our Open Programmes section.

For more information on all international opportunities offered at RSM, visit the website of our International Office.

Learn more

Why this programme?

Factsheet

CFA/CAIA

Internship

International exchange

Faculty

Career perspectives

An alumnus talks about RSM’s MSc in Finance & Investments

A recruiter talks about RSM’s MSc in Finance & Investments

Was it worth the investment? The success of our graduates speaks for itself. Graduates of the Finance & Investments programme are in a position to perform many different finance-related jobs within many different organisations – and have excellent opportunities to do so. 

Our graduates today are working for companies ranging from financial institutions, like investment and merchant banks (ABN-AMRO, Aegon, Merrill Lynch, Goldman Sachs) to insurers (Aegon), and pension funds. Careers in government (Ministry of Finance, Stock Market Authorities) have also been pursued, as well as in multinational companies (Shell, Philips, Proctor & Gamble). 

Graduates choosing the CFA orientation generally start in positions such as junior financial analyst at a bank, mutual fund (e.g. Robeco, Fidelity) or pension fund (e.g. ABP or PGGM). They may also work as financial advisors accounting firms (e.g. Ernst & Young, PricewaterhouseCoopers) and commercial banks (e.g. ING, Rabobank). 

More Academic Challenges 

For MSc graduates who would like to advance their education further or who have ambitions within academia, we offer an additional years study leading to a Master of Philosophy in Business Research (MPhil) qualification. The selective MPhil programme allows you to combine education in a specialisation area of your choice with the challenges of undertaking scientific research in a specific field. This focus on research methods and techniques makes this programme a perfect preparation for a successful PhD study in management or business. Our PhD programme is three-years and facilitated by ERIM, our world-class research institute.

Non-EEA nationals who have earned a diploma from a higher education institute in the Netherlands can apply for a special residence permit called the orientation year after completing their studies. The 'Orientation Year for Graduates Seeking Employment' is a residence permit aimed at retaining foreign talent for the Dutch labour market. During this orientation year you are free to work without a work permit. Participants who find a job during this period can change their orientation year into a residence permit for Highly Skilled Migrants under more favourable terms.

For the most up-to-date information please visit the website of the Nuffic.

Career progress

Many students find positions within multinational firms and organisations, partially thanks to relationships they have developed with representatives from the world of business – as well as peers – during the programme’s corporate and other networking events. Students applying for jobs in their home countries are equipped with knowledge and skills to take with them.

Find the Employment Factsheet for your MSc programme here.

View LinkedIn profiles of our graduates

You can read more about our graduates and their career progress from their public LinkedIn profiles.

Tip: you can see more of our graduates’ profile information if you are not signed in to your LinkedIn account. Sign out of LinkedIn, then click the links.

2009-2012

Maciej Witkowski​​​​​​
Annerieke Nijenhuis
Nikolaos Christodoulidis
Clemens van Vuurde
Daniel Faloppa 
Filip Shen
Alejandro Lolkema Plascencia
Thijs C. Essens
Martijn van Os 
Mara Gumbs 
Yentl Blom

2014

Mariana Gomez
Maurits van Heijst
Mindaugas Pekorius
Neha Valiuddin
Athanasios Bounas
Nuno Ferreira 
Pieter Knobel 
Sheena Katyal 
Willem Jongepier
Diederik Langenberg
Fiorita Prandini
Jorick Loman 
Lotte Humme

2015

Chairul Adi
Christophe Babis
Koen Bendermacher 
Aleksas Byla 
Joost Buck 
Jannes Eiben
Teus Jan van Ekeren
Yang Fan 
Julia Gerken 
Eszter Haraszti
Tom Hermans
Michael Hlavac
Ibrahim Karatas
Patrick Krebbers
Rytis Mazeiva
Olivier de Ruiter
Joel Siegwart
Maximilian Seibold
Adam Vari

2016

Cristian Cerneanu
Vasil Daskalov
Benedikt Feenstra
Raman Gupta
Roberto Gusmeroli
Jarell Habets
Klaas Hartmans
Tim van ‘t Hof
Athanasios Kardasis
Mike Jennekens
Duncan Karregat
Markus Linnenberg
Bernard Maciulewicz
Mick Mackaay
Jim van der Meijden 
Tom Michels
Janne Niemelä 
Ilia Nikolov
Jesse Norcross
Sabrina Ostrowski
Erhan Őzen
Iñigo Sánchez Arriola
Anar Sevdimailiyev
Jurjen van Rhee
Christos Velonakis
Leon Verlaan
Michael Zouliatis

2017

Olav Bakker
Daniela Bozadzhieva
Dimitrios Chlorokostas
Jacob Cramer
Jonathan Eichler
Aldo Genovesi
Karol Grabowiecki
Tammi Horn
Marc Joosten
Paraskevi Kalogeropoulou
Hugo Krier 
Timothy Leo
Huan Ma
Kristaps Matusevics
Mila Nedelkovich
Enzo Neefjes
Nils Nienaber
Stefan Owczarzak
Emily Paulus
Ruben Siemens
Groves Vincent
Geert Wassens
Anatolii Zhadan
Zheng (Joanne) Zhang

Good to know

Career Centre

Alumni networks

MSc employment report

Studying at RSM

A student's story

The RSM Experience

Education for life

Studying at RSM will be a life-changing experience. Your master degree will prepare you for a fulfilling professional life as a capable, self-assured individual. It will make you valuable to business and attractive to employers because it teaches you skills that make the most of your innovative mind. You will be challenged in and outside of the classroom, and you will gain an education based on the latest developments in business. Your master degree from RSM will include RSM’s promise of life-long learning, and membership of the more than 40,000-strong alumni network that is present in more than 110 countries which hosts activities and events all over the world.

Open intellectual culture

Your education at RSM is valuable. You will learn from academics who produce the highest quality research and the most innovative management thinking. In the classroom, sharing and questioning opinions is encouraged – yours and those of your fellow students, as well as the professors’. Many of RSM’s faculty members are young and passionate professors and researchers with outstanding academic credentials. Their work is published in top international management journals.

Engaging environment

Professors’ doors are always open for students who have questions, projects or ideas. Depending on the study programme, students have different opportunities to tailor their programme. This can, for example, take the form of a minors course, an internship, an exchange at one of over 160 partner schools worldwide, elective choices, the participation in a consulting project with a company or public sector organisation, or a thesis project in their specific area of interest. RSM’s strong links with local and international businesses and organisations offer opportunities for practical projects and real-life collaborations.

Rotterdam, a future-oriented city

Living and studying in Rotterdam has never been better. Rotterdam is home to one of the largest and busiest ports in the world and many multinational companies have their headquarters here. The city is famous for its stunning modern architecture, such as the Centraal Station or its covered food market, the Markthal. At the same time, the city authorities are forward-thinking in improving its liveability. There’s no shortage of restaurants, museums and theatres, yet Rotterdam is still an extremely student-friendly city with plenty of affordable student housing, and a bustling nightlife that includes events organised by students associations.

Find out more about life in the city of Rotterdam.

RSM Master Students

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Life in the city

Coming from abroad

Fees & Scholarships

The combination of affordable tuition fees and living costs together with quality education and an excellent global reputation make a Masters degree at RSM a clever investment.

Tuition fees 2022-2023

The 2022-2023 tuition fee for the MSc programmes is approximately €20,700 for non-EEA students. The Dutch government contributes towards this cost for students who hold a nationality from a country belonging to the European Economic Area (EEA). These students therefore only pay the statutory fee of €2,209 in 2022-2023. 

For EEA nationals who have already completed a master in the Netherlands (and obtained the diploma) the tuition fee for a 2nd master is approximately €12,000.

The MSc International Management - CEMS (18 months) is a longer programme, for which the tuition fee will have to be paid for the duration of the programme. The expected tuition fee for the 18-month MSc International Management - CEMS programme is €31,050 for non-EEA students and €3,314 for EEA students.

Please note that all these tuition fee tariffs are subject to change.

Scholarships

The number of scholarships is limited and mainly merit based. If a scholarship covers only the tuition fees, be aware that you need to finance your own living expenses (rent, food and insurances) for the duration of your studies. RSM does not offer scholarships for the pre-master programme. We do however offer a maximum of 2 scholarships per academic year to RSM pre-master students enrolling in an MSc programme.

Rotterdam School of Management, Erasmus University (RSM) offers multiple scholarships to prospective students from non-EEA countries who are not entitled to pay the EEA tuition fee, provided their grades are considered ‘excellent’. RSM also offers one scholarship, the Erasmus Trustfonds Scholarship, to students from EEA countries. 

Besides scholarships awarded by RSM, there are also scholarships awarded by the Dutch government or other organisations that are available if you meet certain criteria such as nationality, age, etc We have listed some of them below but we encourage you to use resources such as Grantfinder or the Scholarship Portal to find additional scholarships.

Scholarship tips

  • Contact the Ministry for Higher Education in your home country to see whether there are scholarship options.
  • We have virtual information session covering all you need to know about scholarships and financial aid. Watch it here.

For students from the Netherlands or the EU/EEA, it may be possible to apply for limited funding towards payment of your tuition fees. Find out whether you meet the nationality and age requirements and read more information about the application process here.

Handling fee

After having filled in all of the necessary information on the Online Application Form (OLAF) and uploaded the required documents, applicants with a degree obtained outside the Netherlands will be asked to pay a non-refundable €100 handling fee. This fee can be paid online via the Erasmus Payment System which uses either iDEAL (for those with a Dutch bank account) or PayPal (which can be linked to any bank account or credit card worldwide). It is important that applicants complete the payment process as indicated, otherwise the system cannot register the payment.   

Additional expenses

The additional expenses in addition to tuition and general living costs vary per programme and may include:

  • Study materials such as books, readers and business cases
  • Costs involved in kick-off meetings
  • Costs related to travel, international excursions and compulsory exchange semesters or internships abroad

Living Costs

For a reasonable standard of living in the Netherlands, you should have an income of approximately €1,000 per month or €12,000 per year (excluding the tuition fee). Here is an example of monthly expenditure: 

  • Furnished Accommodation, including gas and electricity €525
  • Medical insurance €50
  • Telephone €25
  • Food €200
  • Books, recreation, clothing, public transport, etc. €200 

Total costs per month €1,000 

Study and work - part-time jobs

Please ensure, prior to your arrival at RSM, that you have or will have sufficient funding available to finance your stay at RSM. Finding a part-time job, may be an option, but can not be guaranteed. You should therefore not rely on finding other ways to supplement your income during your studies. For additional information on obtaining a part-time job, visit the website of the Nuffic.

For EEA students there are no formal restrictions in finding work in the Netherlands, but students with a lack of Dutch language skills will find it difficult to secure employment. Non-EEA students are subject to labour regulations, which makes the likelihood of obtaining a work permit very small. We therefore ask students not to rely on this possibility. We do not encourage students to combine studies with the heavy workload from a part-time job.

Admission requirements

The application for all programmes starting September 2022 are closed. The application for September 2023 will open 1 October.

Programme deadline 15 May or earlier if the programme reaches maximum capacity. This is a capped programme, which means that the maximum number of applications we accept is 650. The application form will remain open until 15 May or until the maximum number of applications has been submitted (whichever comes first).

Immigration

COVID19

FOR THE MOST RECENT IMMIGRATION INFORMATION PLEASE CHECK THE FAQ’s

Important immigration information for NON EU/EEA Full-time BScIBA and MSc students

Depending on your nationality, you might need an Entry Visa and / or Residence Permit for the Netherlands, issued by the Dutch Immigration and Naturalisation Service (IND).  Students can only apply for an Entry Visa and / or Residence Permit through the RSM/ Erasmus University. Only with a valid Entry Visa and / or Residence Permit you are allowed to study at RSM/ Erasmus University.

Needless to say that RSM/ Erasmus University is not the institution that determines the requirements. The IND is the official governmental body that sets the rules and procedures.

Full-time BScIBA and MSc students who accepted their offer and hold a passport from an EU/EEA country do not need to apply for an Entry Visa and / or Residence Permit.

Full-time BScIBA and MSc students who accepted their conditional or unconditional offer and have a nationality and hold a passport of one of the following countries: Australia, Canada, United Kingdom, Japan, Monaco, New Zealand, South Korea, USA or Vatican State. 

Full-time BScIBA and MSc students who accepted their conditional or unconditional offer, have a nationality and hold a passport of one of the countries mentioned in Group III and IV. This procedure also applies to students with a Surinamese nationality.

Note for Chinese students
Obtain a Nuffic Certificate : 
All Chinese students (with the exception of students from Hong Kong, Taiwan and students with a British Overseas Nationality) must register with EP-Nuffic for a ‘Nuffic Certificate’ before their immigration application can be started. The certificate is a document providing an assessment of your English language proficiency and of the authenticity of your educational degrees and diplomas. For more information, see the Nuffic website

Validity Entry Visa
An Entry Visa is valid for 90 days (counted from the day that you pick up your Entry Visa).

Validity Residence Permit 
A Residence Permit is valid for the duration of your study plus three extra months. This means that you do not have to apply for an extension after one year.

I already have a Residence Permit for another EU/EEA Country

NON-EU/EEA students holding a (permanent or temporary) valid Residence Permit (e.g. for study purposes) for another EU/EEA Country no longer need to apply for an Entry Visa for the Netherlands. For these students, the procedure for a Residence Permit application applies. A copy of the EU/EEA-Residence Permit must be uploaded in your application. The Residence Permit must be valid at the time of the application, and still be valid when the student collects his/her Residence Permit in the Netherlands.

I already have a Residence Permit for the Netherlands

NON-EU/EEA students holding already a Residence Permit for the Netherlands (e.g. for study purposes, stay with partner or family, employment), need to apply for Switching InstitutionsChange of Purpose or an Extension of your Residence Permit. Requests can be sent after being completely registered (onwards September 1st) to EUR International Office: immigration@eur.nl or 3 months prior to the expiration of your permit.

The Financial Requirements (determined by the IND)

Before your immigration application is sent to the IND, you are required to prove that you have sufficient financial means to cover your study (only for the first year of your study)

  1. the Tuition Fee (BSc IBA €9,600.-, MSc €18,700.-;
  2. the Immigration Fee (€ 192.-)
  3. the Costs of Living for 12 months (€11,400.-: €950.- for every month of your stay in the Netherlands)

Note: it is not possible to pay your tuition fee in instalments

Contact details for the immigration application

Your main point of contact for the immigration application at RSM/ Erasmus University is Ms. Joyce Maliepaard.

Once you have a conditional or unconditional offer you receive the ‘Immigration application process’ (from mid March on). The guidelines explains the procedure to successfully process your application. After having received the information you will be registered in student registration system ‘Osiris Zaak’ (‘Osiris Zaak’ opens in  April).

After your registration in 'Osiris Zaak' your main point of contact is EUR Internatinonal Office (immigration@eur.nl). The immigration documents and invoice for the payment of the fees will be sent to you in 5 working days

Deadline for MSc students
The deadline for uploading your immigration application documents and your proof of payment in 'Osiris Zaak' is: JUNE 15th. If this deadline is not feasible for you, please send an email to visabscmsc@rsm.nl

Deadline for BScIBA students
The deadline for uploading your immigration application documents and your proof of payment in 'Osiris Zaak' is: JUNE 15th. If this deadline is not feasible for you, please send an email to visabscmsc@rsm.nl

Release date: March 2021

Housing

Looking for housing in Rotterdam? (MSc)

Housing information for full-time RSM students coming to Rotterdam

Although a complete and useful overview of housing information for International Students can be found on the housing pages of the Erasmus University, the information below especially applies to RSM’s first year BScIBA and MSc students coming from abroad. Arranging your stay

As in many major European cities, the demand for reasonably priced housing in Rotterdam is very high. Therefore, make it your number one priority and start searching immediately after being conditionally or unconditionally admitted to our BScIBA or one of the MSc programmes. As campus housing is limited, you may have to look for a room on the private market or seek other alternatives.

The ‘Short Stay Accommodations’ of RSM is run by the housing corporation SSH Student Housing (SSH), specialized in letting furnished accommodation.
For our first year BScIBA and MSc students coming from abroad, we reserve a range of furnished accommodations. Students can only apply for ‘Short Stay Accommodations’ for the first 12 months of their study (it is not possible to rent a room for less than 12 months). After 12 months you have to find accommodation by yourself. The SSH Accommodation is not available for partners or family of the student. 

Important: This message applies to all the students who have registered for the SSH housing for the 2022 academic year!

Please note that RSM has only 130 rooms to be divided among BSc and MSc students. A fair distribution will be made under the students. As SSH housing is limited, not every registration can be approved. Please be patient and waiting any approval. To increase your chances we strongly advice you to look for more housing possibilities here.

It is not possible to correspond about the result, neither by email nor by telephone

Available SSH housing/accommodation for BScIBA & MSc students
The SSH has four dorms you can choose from: one on-campus (Hatta Building) and three off-campus, only 15 minutes walking from the university (D'Blaauwe MolenOverhoningen and Erasmus International House). All rooms/apartments are fully fitted and furnished (not self-contained) and located at Struisenburgdwarsstraat in the district of Kralingen, This district offers everything that a student needs: the Erasmus University, little shops and typical student pubs are around the corner. The centre of Rotterdam and the Kralingse Bos are just a stone’s throw away. In most cases you have communal cooking facilities and sanitary fitting. Accommodations can not be visited in advance, but descriptions of the different buildings are available on the SSH website. Please not that rental prices are re-indexed every year.

When am I eligible to register for a room at the SSH ?
You can register for a room once you have been conditionally or unconditionally admitted to the first year BScIBA programme or one of the MSc programmes.

When and how can I register for a room at the SSH?

BScIBA students:

 

  • Tuesday 12 April 2022 at 12 PM: Start registration
  • Tuesday 21 April 2022 at 12 PM: Start booking

IMPORTANT NOTE: The SSH start the registration for all Bachelor students (Erasmus University students) on April 12th, while the BScIBA students get the outcome onwards April 15th. This means that RSM start approving your registration at the earliest on Thursday 21 April. The date of registration for the MSc students has been changed: 

MSc students:

 

Go to SHH*  and fill in:
City:                                          Rotterdam
Your educational institution:     Erasmus University Rotterdam (EUR)
Type of Resident:                     EUR Full Year Student (15 August 2022 - 31 July 2023) 
                                                    

When and how can I reserve a room at the SSH?
You can reserve a room and only see all the available rooms once your registration has been approved by the RSM. The approval proces for BScIBA students takes place onwards 19 April and for the MSc students on 12 May.

For BSc students: select and reserve a room      
Log in to My SSH to reserve a room within 7 days*:
* If you have not selected a room within 7 days, your application will be set automatically to “not approved”. After this period you can no longer reserve accommodation via SSH (to give other students also a fair chance to apply for accommodation). 

SSH will handle the whole process – from making a room reservation to payments. For more information about the Terms and Conditions, the Rental Guide and the FAQ’s, please visit the site www.sshxl.nl/en. Any questions can be addressed to: Rotterdam@sshxl.nl

Xior Building is a student building right next to the campus of the RSM/ Erasmus University. This 8th floor building upholds 280 studio apartments with all private bathroom and kitchen facilities.

Registration & Reservation opens on:

  • Wednesday 11 May 2022 at 12.00 PM
  • Fixed rental period: 19 August 2022 – 7 August 2022

RSM is not in charge for the rental of these rooms and is only for students coming from abroad. Your registration will be checked by the Real Estate Services Department of the Erasmus University. All your questions can be addressed to rotterdam@xior.nl 

 

The RSM/Erasmus University has a partnership with the companies SSH, XIOR, The Cohesion Cobana, Roomplaza and the Student Hotel. Additional information on the below mentioned housing providers, and many more, are listed on the Erasmus University Housing pages.

International Student Housing Rooms (ISHR)
Is a private initiative to manage shared living properties in The Netherlands. It was founded by former students of Erasmus University Rotterdam, who now work in the financial industry. ISHR is not an intermediary. It is a landlord-owned operating platform, developed based on lessons learned from a decade of interactions between international students and Dutch private landlords.The EUR has agreed on a partnership with ISHR and we have reserved around 40 flat share rooms exclusively for our first year International Bachelor or Master students.

Registration starts on:
Monday 2 May 2022 at 12 PM. Fixed rental period: 10 August 2022 - 31 July 2023

The Cohesion Cobana 
Located in Katendrecht, Rotterdam. Katendrecht is a vibrant part of Rotterdam with a central location. The FIZZ Cobana has a variety of Friends apartments. This unique concept is a great way to share living space of your apartment, but still have all the privacy you want with your own bedroom. As a student of the Erasmus you will have a possibility to live with other Erasmus students in a Friends apartment. It’s a perfect blend of privacy and sociability, whenever you want it. The Erasmus University has reserved for its International students 40 rooms. 
How to register? Please find here all the information.

RoomPlaza 
Offers students the possibility to rent a flat with a group of like-minded people. They have 80 rooms for BSc and MSc students. You can apply as an existing group or use your find-a-flat mate tool to form your own. RoomPlaza has a safe booking process with a 100% guarantee of avoiding scams by fake accommodation providers. How to register? Please find here all the information.

The Student Hotel
A hotel located in Kralingen Rotterdam which offers fully furnished rooms with a private bathroom, shared or private kitchen, WiFi, flat screen TV. Included in the price is a bike, use of the gym, study rooms, lounges and game rooms, 24-hour reception, laundry room and a restaurant/bar 
How to book a room? Please find here all the information. 

Updated: 2 May 2022

 

Hostels in Rotterdam

Some suggestions:

Boat Hotel – a short stay apartment on a historical ship in the centre of Rotterdam.

King Kong Hostel - a very cool hostel that blends industrial design with 21st century contemporary art. It has a superb location in the beginning of Witte de Wittestraat which is in the heart of Rotterdam’s social scene and all the city’s best bars and restaurants are on your doorstep.

Hostel ROOM Rotterdam – located in Rotterdam’s historic Scheepvaartkwartier, near a beautiful little harbour. There are lots of good places for wining and dining in the area and close to the city’s main park.

Hostel Stayokay – this hostel is located in the city centre of Rotterdam in the striking cube houses. Next to Metro station “Blaak”.

As tenancy agreements are often only provided in Dutch (huurovereenkomst), we recommend you to view the additional information on this topic provided on the Erasmus University website.  There you can also find information on Dutch housing terms, and other information on how to arrange your stay and other useful tips, for example on how not to get scammed.

While this programme is ultimately a research-based master programme, it has a strong practical aspect. Besides learning theory for finance and investments, we apply our knowledge to practical situations through group projects. The programme also provides a wide variety of elective programmes, allowing us to tailor it based on our interests.

Dennis Santo (MSc Finance and Investments 2020)

Dennis Santo

Is it right for me?

If you’re talented and motivated, and recently graduated with a bachelor degree in business, economics, finance or accounting – and keen to develop yourself into a finance professional – then this master programme is for you.

 

You’ll need to be able to study independently as well as eager to work in teams.

 

Many graduates find their first career steps as analysts, consultants, or controllers in financial services, consultancy or corporations, according to the findings of our latest MSc Employment Report. Their salaries rank second highest of all graduates from all RSM MSc programmes. While some find a job in top international banks in major financial centres such as Frankfurt and London, many others work in other banks, financial advisory companies, large corporates, or smaller businesses.

Are you still in doubt?

Would you like extra information or support? We are here to help!

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