Tuition & Living Costs
Tuition & Living Costs
The combination of affordable tuition fees and living costs mixed with a quality education and global reputation make a Masters degree at RSM an excellent investment.
Tuition fees 2018-2019
The 2018-2019 tuition fee for the MSc programmes is approximately €17.500 per year. The Dutch government contributes towards this cost for students who hold nationality from a country belonging to the European Economic Area (EEA). These students therefore pay only the statutory fee of €2.060 per year. Please note that tuition fees are subject to change.
For students who have already completed a master in the Netherlands (and obtained the diploma) the tuition fee for a 2nd master is €11.000.
The MScBA Master in Management (16 months), MScFI Finance & Investments Advanced (16 months) and the MScIM International Management - CEMS (18 months) are longer programmes, therefore the tuition fees will have to be paid for the duration of the programme. The expected total for the 16-month programmes for non-EEA students is approximately €23.333 and approximately €2.746 for EEA students. For our 18-month programmes the expected total for non-EEA students is approximately €26.250 and approximately €3,090 for EEA students. Please note that tuition fees are subject to change.
In addition to the regular tuition fee, there is an additional one-time flat fee of €8.000 for the MSc Finance & Investments Advanced programme.
Grants & Scholarships
RSM offers a limited number of scholarships for excellent applicants from non-EEA countries. Applicants can apply for a scholarship by uploading a scholarship application letter to the scholarship section in our online application form. The scholarship application letter should explain why you believe you deserve this award and why you need this award.
Various scholarship programmes which are accessible to MSc applicants are mentioned in the Scholarship finder.
After having filled in all of the necessary information on the on-line application form and uploaded the required documents, applicants will be asked to pay the non-refundable € 100 application fee* (*only for applicant who have obtained their diploma outside the European Economic Area). This application 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. The application fee is non-refundable.
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
All candidates who have been selected for participation in the MSc International Management /CEMS and MSc Finance & Investments Advanced programmes must confirm acceptance of the offer within seven (7) days to the Admissions Office and are required to pay a deposit in order to secure their place in the programme. Students who drop out of the programme will forfeit this deposit. Please note that the deposit is entirely separate from the EUR tuition fee. Students are thus additionally responsible for paying the full EUR tuition.
For those students who begin the IM/CEMS programme in 2018-2019 and complete the Block Seminar at RSM in the fall, €300 of the deposit will be allotted for participation in the RSM Block Seminar, and the remaining €450 of the deposit which will be reimbursed in September/October. For those students who begin the IM/CEMS programme in 2018-2019 and complete the RGL Seminar at RSM in the spring, €100 of the deposit will be allotted for participation in the RSM RGL Seminar, and the remaining €650 of the deposit which will be reimbursed in February.
MSc International Management /CEMS students will also be responsible for a €100 fee for CEMS registration and handling. This fee is due in January 2019 and should be paid directly to the CEMS organisation. Students will receive further payment instructions via IM/CEMS Programme Management.
For Finance & Investments Advanced students who start the programme the deposit will be returned in September/October.
For a reasonable standard of living in the Netherlands, you should have an income of approximately €900 per month or €10,800 per year (excluding the tuition fee). Here is an example of monthly expenditure:
- Furnished Accommodation, including gas and electricity €525
- Medical insurance €51
- Telephone €25
- Food €200
- Books, recreation, clothing, public transport, etc. €200
Total costs per month €900.-
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.