M.Sc. Finance

Tilburg University

Application deadline: Fall intake: July 1; Non EU: April 1; Spring intake: October 1
Tuition fee:
  • € 1,970 / Year (EEA)
  • € 13,000 / Year (Non-EEA)
Start date: August  2015
Credits (ECTS): 60 ECTS
Duration full-time: 12 months
  • English
Delivery mode: On Campus
Educational variant: Full-time
More information: Go to university website

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The Master's program in Finance delivers broad business knowledge and specialized expertise in both financial management and investment analysis – first-rate preparation for students seeking a career at the top of the world of finance.

Taught by lecturers from Tilburg University's Department of Finance, home to some of the world's most renowned and cited academics, the program offers the latest thinking across the essentials of investments and corporate finance. Learn how to determine a firm's cost of capital, plan mergers and acquisitions, bring companies to the stock exchange, restructure corporations, make portfolio investment decisions, quantify risks, and hedge them using various derivative instruments.

A Tilburg University Master's program in Finance offers you:

  • A solid foundation in the principles – and practice – of finance. Learn the latest theoretical concepts from scientific literature and apply them to real-world cases during assignments and in-class discussions.
  • Teaching by some of the world's preeminent finance academics, faculty members from the Department of Finance at Tilburg University.
  • Scope to customise your degree. Choose between in total 10 electives, and become a specialist in either corporate finance or investments. Follow the CFA and get the best preparation for the Chartered Financial Analyst® (CFA) level-1 exam. Or follow the Pensions, Aging and Retirement track.
  • Excellent career prospects in the financial industry both on a national and international level with future careers including that of chief financial officer (CFO), financial planner, treasurer, portfolio manager, risk manager, or investment adviser.


The program consists of 60 Credits (ECTS), equivalent to 1680 hours of study, offered over two semesters. The first semester starts in September, with exams in December and January. The second semester runs from February to June, but is divided in two. From February to April, you will take the two courses. From April on, you will be able to focus on your Master's thesis.


Core courses semester 1
  • Advanced Corporate Finance*/**
  • Investment Analysis*/**
  • Empirical Methods in Finance*/**
Two electives (semester 1) out of:
  • Financial Statement Analysis*
  • Corporate Governance and Restructuring*
  • Corporate Valuation
  • Investment Analysis of Pensions and Insurance**
  • Global Banking
  • The Economics and Finance of Pensions**

Two electives (semester 2)out of:

  • Derivative Securities and Risk Management*/**
  • Financial Analysis and Investor Behavior*/**
  • Seminar Financial Markets and Institutions
  • Corporate Financial Reporting
  • Applied Corporate Finance
  • Entrepreneurial Finance

Master's thesis

* These CFA-courses are compulsory for those students who wish to take part in the Tilburg-CFA Institute partnership.

** These courses are compulsory for those students who wish to take part in the track Pensions Aging and Retirement.


In order to have access to the Master's programme in Finance, you need a solid basis in the following areas:

  • Mathematics and Statistics (24 ECTS)
  • Academic Training (24 ECTS)
  • Economics (18 ECTS)
  • Management or Marketing (12 ECTS)
  • Accounting (12 ECTS)
  • Finance (12 ECTS)

Proficiency in English is required. Students who did their Bachelor´s in the Netherlands, native English speakers and applicants with a Bachelor´s degree from a programme entirely in English are admitted without a test. All other students should have a minimum Academic IELTS score of 6.5, or, alternatively, a minimum TOEFL score of 575 is necessary. Scores on separate parts are also evaluated, since candidates must possess good reading, writing, and oral skills. In addition, applicants need to take the GMAT tes. The average GMAT score of admitted students is 600.

The following characteristics are not required: Candidates with work experience are welcome, but work experience is not a prerequisite to enter the programme. Proficiency in Dutch or any other language apart from English.

English Language Requirements

IELTS band: 6.5
CAE score: (read more)

Cambridge English: Advanced (CAE) is part of the Cambridge English suite and is targeted at a high level (IELTS 6.5-8.0). It is an international English language exam set at the right level for academic and professional success. Developed by Cambridge English Language Assessment - part of the University of Cambridge - it helps you stand out from the crowd as a high achiever.

180 (Grade C)
TOEFL paper-based test score : 575
TOEFL iBT® test: 90

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