International Economics and Business, M.Sc.

  • Application Deadline
  • 12 months
  • English (book IELTS)
University rank #59 (ARWU) ,
The M.Sc. in International Economics and Business is offered by the University of Groningen.  Increasing international trade and finance is opening up new opportunities for growth of firms, regions and countries. At the same time, it is posing new challenges as the benefits will not be equally distributed and competition is mounting.


The M.Sc. in International Economics and Business is offered by the University of Groningen. Do you want to understand the opportunities and challenges posed by globalisation for firms' strategies and government policies? 

Strategies of governments and firms need to be constantly aligned to quickly adapt to changing circumstances. In the one-year Master's degree in International Economics and Business you will learn the tools to  grasp the complex relationships between firm behaviour and economic growth in regions and countries.

You will use state-of-the-art theories to discover the impact of global trade on economic growth and welfare. You will study global business and focus on the economic influence of firms and institutions. As you develop your skills, you will learn to recognise the forces that shape geographical patterns of economic activity. Also, you will learn to advise firms and governments on how to reap the benefits of globalisation and international value chains.

Job prospects

After completing this programme you are a broadly oriented economist with a strong international profile. You are ready for an international career at multinational firms, in financial institutions, consultancy and public agencies. Jobs as market analyst, trade expert, global strategy and policy advisor will suit you well. Because all our programmes are EQUIS and AACSB accredited, which only 1% of universities reach worldwide, your degree will be highly valued on the labour market.

Graduates of the MSc IE&B will be able to take up positions in internationally oriented firms (such as banks and multinationals), international organisations (such as World Bank, IMF, European Union, UN and OECD) and internationally oriented departments of government agencies and policy advisors. The programme is focused on developing the kind of skills and abilities needed by those who work as professional economists and economic advisers.

The MSc IE&B offers a consistent international setting both in terms of content and orientation at high level. Graduates are selected to participate in high level research activities of international organisations (such as the OECD in Paris, Conference Board in New York, and the ILO in Geneva) and national organisations (such as the Dutch Central Bank and The Netherlands' Bureau for Economic Policy Analysis).Our academic staff have strong relationships with international research and consultancy institutes as well as policy advice centres.


Accredited by the Dutch Government

Programme Structure

Programme options

  • Globalization, Growth and Development (profile)

    The profile Globalization, Growth and Development aims to provide the student with a thorough understanding of recent aspects of globalization.

  • International Capital and Globalization (profile)

    Students analyse the recent growth in domestic financial markets and in international capital flows. There has been high economic growth with increasing financial fragility since the 1990s worldwide.


  • Economic Development and Growth (MEDEG, Lund) 
  • Applied International and Development Economics (Göttingen) 
  • China and the World Economy (Fudan) 
  • Central-Eastern European Economics (Budapest) 
  • Energy Certificate 
  • Master Internship 
For more information, please visit the programme's website.

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 12 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 need the following GMAT score:

    Required score: 600

    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.

  • 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, Econometrics and Operations Research, Economics and Business Economics, International Business, Technology Management.
  • To assess whether your educational/academic background meets the specific programme requirements, we will consider the level and curriculum of your previous studies, and the grades that you have obtained.

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

    14200 EUR/year
    Tuition Fee
    Based on the original amount of 14200 EUR per year and a duration of 12 months.
  • EU/EEA Applies to you

    2060 EUR/year
    Tuition Fee
    Based on the original amount of 2060 EUR per year and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

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.


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.