International Financial Management, M.Sc.

  • Application Deadline
  • 18 months
  • English (book IELTS)
University rank #59 (ARWU) ,
The Master's degree programme in International Financial Management (IFM) from the University of Groningen focuses on the different aspects of financial management in an international business environment. 


Are you interested in the managerial aspects of international financial transactions? This double degree International Financial Management Master programme from the University of Groningen focuses on how to efficiently manage the financial consequences of international activities.

These days internationally oriented firms and organisations do not merely need financial specialists who are acquainted with the latest finance and risk management tools and techniques. They are looking for professionals who can use these tools and techniques for managing information and business resources.

This programme equips you with knowledge, understanding and skills required to define, analyse and evaluate real and complex international financial management problems on both a societal level as well as on the level of companies and institutions and to design solutions for these problems. You will gain advanced academic knowledge of theoretical concepts in (international) financial management and you will be able to apply research methods.


EQUIS and AACSB accredited

Programme Structure

Courses included:
  • Empirical Methods 
  • Financial Management for Multinationals 
  • Int. Fin. Institutions and Governance 
  • International Financial Reporting 
  • International Man. Accounting & Control 
  • International Risk Analysis and Research 
  • Study in Uppsala 
  • Electives 
  • Master's Thesis
    For more information, please visit the programme website.

              Detailed Programme Facts

              • Programme intensity Full-time
                • Full-time duration 18 months
              • Credits
                60 ECTS
              • Languages
                • English
              • Delivery mode
                On Campus

              English Language Requirements

              You only need to take one of these language tests:

              • Minimum required score:


                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.

                Book IELTS
              • Minimum required score:


                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:


                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 only need to take one of these tests:

              • You need the following GMAT score:

                Required score: 500

                The GMAT - or Graduate Management Admission Test - is a frequent requirement for admission at management and business schools across the world. The GMAT score ranges between 200 and 800 and measures the verbal and quantitative reasoning of test-takers. Read more about the GMAT.

              • This programme accepts GRE® scores, however, has not provided a recommended or minimum required score range.

                The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. The GRE® General Test contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments. Read more about the GRE® General test.

              • Certified competences - GMAT/GRE; 
              • Grade list - A certified grade list(s) is considered in the evaluation.
              • Language test - TOEFL, IELTS
              • Previous education - To be eligible for admission to this Master, you need to hold an academic Bachelor's or Master's degree from a research university in one of the following - or closely related - fields: Business Economics, Business Administration, Economics and Business Economics, International Business, Technology Management.

                                StudyPortals Tip: Students should consider taking one of the Pre-Master's below. these courses will be necessary if:

                                • You are considered ineligible for admission
                                • You need to improve your academic, study, research or language skills
                                Search all Pre-Masters

                                Tuition Fee

                                • International Applies to you

                                  14333.333333333 EUR/year
                                  Tuition Fee
                                  Based on the original amount of 21500 EUR for the full programme and a duration of 18 months.
                                • EU/EEA Applies to you

                                  4366.6666666667 EUR/year
                                  Tuition Fee
                                  Based on the original amount of 6550 EUR for the full programme and a duration of 18 months.
                                We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
                                The tuition fee above is an estimation of the total tuition for the full double degree programme covering three semesters

                                Living costs for Groningen

                                • 750 - 1000 EUR/month
                                  Living Costs

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


                                Several scholarships are available for international students who are motivated to study Bachelor’s, Master’s and PhD programmes, as well as for exchanges, short courses and research stays at our university.

                                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.

                                The Global Study Awards: get funded with up to £10,000 to study abroad

                                Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.