An MBA from RSM will benefit you for many years to come, both professionally and personally. It is also a serious commitment of time and money. You should therefore carefully consider and plan for the costs involved. It is important to consider your financing options early, even before you apply. Although it is ultimately your responsibility to fund your MBA at RSM, our office is happy to talk you through your options. For more information, please contact one of our Recruitment & Admissions Managers here.

So what are the costs associated with pursuing an MBA at RSM, and what are your financial aid options?

Tuition and living expenses

Your investment

Pursuing an MBA is a serious commitment of time and money. So it is important to be aware of what you can expect that financial investment to be for a year at RSM and in Rotterdam.

Tuition

The tuition fee for the International Full-time MBA programme starting in January 2023 is €57,000. The tuition may be paid in instalments as set out below. The fee includes books and study materials, but excludes travel costs for the study trips.

Date Payment Amount

By the registration deadline

Admissions fee €5,000*
9 December 2022 1st instalment €26,000
28 April 2023 2nd instalment €26,000

*A non-refundable €5,000 admissions fee is required to secure your place on the programme. This is due by the registration date as stated in your offer letter.

Living expenses

Living expenses in Rotterdam will vary according to your lifestyle. The estimates below are set out to give you an idea of what you can expect as a single student on the International Full-time MBA programme. The costs for housing and living expenses will be higher if you are accompanied by a partner and children.

It costs about €1,500 a month for an MBA student to live comfortably in Rotterdam. That includes housing, living expenses and health insurance, which is a requirement for all full-time students in the Netherlands.

Housing +/- € 700
Living costs +/- € 700
Health insurance +/- € 100
Laptop You will receive guidelines regarding minimum and recommended laptop requirements. 

Financing your MBA

Embarking on your MBA journey has already cost you time and effort to find the programme that suits you best. At the same time, you had to think about how you will finance your studies. An MBA is a serious commitment of time and money that needs to be carefully considered.

If you have questions and can’t find the answers here, please contact the Full-time MBA Recruitment & Admissions Managers.

Any applicant who has submitted their online application will automatically be considered for a scholarship by the RSM MBA Awards Committee as part of the application process. Scholarship values differ, but are available up to 50 per cent of the MBA tuition fee. Our financial aid offerings will be determined by the RSM MBA Awards Committee based on the merits of your MBA application. The committee will take into consideration, for example, your essay, profile, GMAT score, admissions interview and evaluation.

Our scholarship deadlines run parallel with our MBA application deadlines. So you must submit your MBA application to be considered for a scholarship. While the MBA Scholarship Awards Committee will consider you for multiple scholarships, only one may be awarded at the discretion of the Committee. If you would like to learn more about your possible scholarship eligibility, please contact the relevant MBA Recruitment & Admissions Manager for your region.

If you are a scholarship recipient, you will be informed by an Admissions Manager at the time of the final decision of your application. The scholarship value you are offered will be deducted from the final MBA tuition fee instalment.

Scholarships available for the International Full-time MBA programme commencing January 2022 are:

Force for Positive Change Scholarship

Our mission statement is that, as an institution, we will be a force for positive change in the world. The recipient of this award will have clearly demonstrated how they have put this into practice. Positive change can take many forms, large or small, but its impact should be significant to those affected. In total, two of these scholarships can be awarded per incoming class.

Women in Business Scholarship

The recipient of this scholarship will showcase a strong career track record with excellent leadership skills and a high academic achievement.

Diversity Scholarship

At RSM, diversity means a celebration of different perspectives and backgrounds that add to the dynamic in-class environment we are known for. Our diversity scholarships celebrate the wealth of backgrounds our students bring into class. The MBA Awards Committee takes in consideration your profile, such as your nationality, cultural background, gender, experience and upbringing, adding to our MBA diversity.

Dean's Assistance Award

This Award is open to high-potential candidates who are in need of financial aid to enable them to pursue their MBA degree at RSM. During your MBA admissions process your regional Admissions Manager should be aware of your financial need through discussions that you have with them. You may be required to provide a financial plan which will be requested by your regional Admissions Manager.

Alumni Lifelong Learning Discount

At Rotterdam School of Management (RSM) we believe in and foster life-long learning. That’s why we offer all graduates from RSM and EUR bachelor and master programmes a 10% discount on MBA and executive education programmes. To receive this discount, you must submit certified copies of your RSM or EUR diploma and transcripts with your MBA application.

Eligibility:
In order to be considered for this award you must:

  1. be a RSM or EUR Alumni graduated from a Bachelor and/or Master programmes
  2. have completed and submitted your International full-time MBA application according to the MBA admissions process and application deadline
  3. produce the required graduate diploma and transcripts from the RSM/EUR Bachelor and/or Master degree programmes at the time of applying to the programme.

Selection Process:

  1. Has submitted graduate proof for the Bachelor and/or Master degree from the RSM or EUR as part of the MBA application process and that these have been verified by the RSM MBA Admissions Committee.
  2. Received a placement offer letter for one of RSM's MBA Programmes:
    International full-time MBA commencing January 2022.
  3. The discount will be deducted from the final MBA tuition fee instalment.
  4. Candidates who are recipients of this award will not be eligible to any other Scholarships available via RSM.

Dean’s Merit Award

The Dean’s Merit Award is an elite award offered as to high achievers who have demonstrated academic and professional excellence as well as an outstanding MBA application and GMAT score.

RSM MBA Alumni Impact Scholarship

RSM has a diverse community of international alumni with a unifying commitment: to make business, an instrument of positive change that can change the world. Our alumni are committed to supporting the next generation of students. The Alumni Impact Scholarship is supported by alumni donations and is offered to an MBA student who is passionate about being a part of this community.

The following two financial institutions are specialised in offering MBA loans as tuition fee only to RSM MBA candidates. If you are considering a loan arrangement to finance your MBA, please contact them directly as RSM has no influence as to your loan eligibility.

The information disclosed on our website relating to financial service providers such Prodigy, Lendwise or any other financial lender is not a substitute for professional financial services and/or financial advice. The information is provided purely to show options that might be available for you to fund your MBA. RSM does not endorse or advice on any particular service provider, lender or loan product nor does RSM mediate or otherwise bring you into contact with any financial service provider. Accepting an MBA loan from a financial service provider and adhering to the conditions upon which you accepted that loan is solely your own responsibility. RSM cannot not advise you, nor are you under an obligation to initiate contact or accept any financial service provider listed on our website. RSM cannot be held responsible for any financial service provider you may decide to go with.

Prodigy Finance

Prodigy Finance’s innovative lending model offers community-funded loans to international students at the world’s top business schools, including RSM. While banks base their loan decisions on historical salaries, Prodigy looks to the future, and assesses applicants’ future earning potential – based on the past achievements of similar graduates – to determine loan affordability.

Prodigy’s model is borderless, allowing them to offer loans to over 150 nationalities of students, with no collateral or co-signer required. Interest rates vary depending on individual applicants. Read the details of the terms and conditions, and how to apply for a loan on Prodigy’s website.

The MBA loan is offered at an attractive interest rate and is available to candidates who have been accepted on the International Full-time MBA programme commencing January 2023. The loan application deadline is 1 December 2022. You can apply here.

When accepted for a Prodigy Finance loan, candidates must send their Prodigy Finance loan confirmation letter to us at finance@rsm.nl. If offered a place on our MBA programme, depending on the loan amount this will impact your MBA instalments. You will need to calculate backwards from the 2nd instalment to the 1st instalment to find out how much you will be required to pay for the 1st instalment. Candidates must pay their admissions fee of €5,000 according to the terms in the MBA offer letter as it is not waived because of any potential Prodigy Finance loan arrangement.

Lendwise

Lendwise is a specialist loan provider based in the UK which is dedicated to education finance for individuals who are looking to fund their studies at world class universities.

Lendwise's aim is to enable access to education through its affordable and flexible student loans that come with a fixed interest rate and no early repayment penalties.  Interest rates are personalised and depend on an applicant’s overall profile including future earning potential, and the application process is entirely online. Full time programme students have access to a grace period that allows for repayment to start after graduation

UK, EU and North American nationals are eligible for a Lendwise Loan. For other nationalities, Lendwise will review your application on a case-by-case basis.

Contact Lendwise direct to apply or if you have any questions about Lendwise or your RSM loan application.

When accepted for a Lendwise loan, candidates must request a Lendwise loan confirmation letter and email a copy to us at finance@rsm.nl.  If offered a place on our MBA programme, depending on the loan amount this will impact your MBA instalments. You will need to calculate backwards from the 2nd instalment to the 1st instalment to find out how much you will be required to pay for the 1st instalment. Candidates must pay their admissions fee of €5,000 according to the terms in the MBA offer letter as it is not waived because of any potential Lendwise loan arrangement.

Apply online via Embark

Via Embark you can register and provide us with the documents needed to assess your application. After your submission, one of our Marketing & Admissions managers will get in touch with you to discuss the following steps.

What scholarships does RSM MBA offer?