• Application Deadline
  • 24 months
    Duration
  • Tuition Fee
    17300 EUR/year
    Tuition fee
    2006 EUR/year
    Tuition fee
  • English
    Language

About

The Business Research - Finance and Accounting programme is offered by Erasmus University Rotterdam. 

Diversity of research topics and methodologies, together with the cross-pollination of ideas and expertise, creates a knowledge-rich environment that stimulates research of the highest quality and which serves to advance the frontiers of management science.

A large part of the programme’s research is empirical, but also includes theory, numerical calibrations and experiments. Work across the broad realms of economic analysis is integral to the programme. At the same time, a considerable part of the programme’s research takes a behavioural view and tests or analyses behavioural models.

Research within the Finance and Accounting programme is organised into four specialist themes:

  • Asset pricing: Concerned with three areas – asset management, asset pricing and market microstructure – this theme examines optimal portfolio allocation by investors, studies the price formation process in financial markets, and investigates the trading mechanism of securities.
  • Behavioural management accounting: Focusing on the use of accounting information in decision-making processes, research in this theme applies theories from psychology and behavioural economics to address questions relating to the design of budgeting systems and performance evaluation processes and the effects of monetary and non-monetary incentives on decision-making.
  • Corporate finance: Dealing with two integrated themes – corporate finance and corporate governance – this theme explores key issues directly linked to the successful financial management of organisations.  
  • Financial accounting:The focus here is on the use, impact and value of the financial information provided by organisations, and whether the data firms provide is sufficient to give clear insights into their status.

Accreditation

Accredited by:
  • NVAO
  • AACSB
  • EQUIS
  • AMBA

Programme Structure

For more information, please visit the programme's website.

Detailed Programme Facts

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:

    7.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Take IELTS test
  • Minimum required score:

    600

    The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

  • Minimum required score:

    100

    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

You can apply to the Research Master in Business and Management if you’re a university Bachelor of Science or Arts graduate or if you hold a Dutch doctorandus degree. You must be a high performing student from a business or economic school and from fields such as psychology, sociology and engineering.

Your admission to the ERIM Research Master programme is based on the following:

  • GMAT-test (Graduate Management Admission Test) or GRE-test (Graduate Record Examinations). Your test results shouldn’t be older than five years. An indication of your required score is 85 per cent.
  • Your CV, academic references and interviews with the Doctoral Admissions Committee.

Tuition Fee

  • International

    17300 EUR/year
    Tuition Fee
    Based on the original amount of 17300 EUR per year and a duration of 24 months.
  • EU/EEA

    2006 EUR/year
    Tuition Fee
    Based on the original amount of 2006 EUR per year and a duration of 24 months.
The estimated cost of living in the Netherlands for most students is around € 10,000 per year.

Living costs for Rotterdam

760 - 1,270 EUR/month
Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

ERIM offers a limited number of subsistence allowances to its very best applicants. The subsistence allowance amounts either € 5,000 or € 10,000 (which is sufficient to cover the living costs in the Netherlands for one year). If you would like to apply for this subsistence allowance, you have to submit a written scholarship application with the rest of your application package. Your scholarship application should include a motivation letter and a financial statement proving your need for financial support.

ERIM also offers a reduced tuition fee to several excellent non-EEA students. This means that instead of paying a tuition fee of €17,000 per year, you would have to pay €1,984. 

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.