Study international financial management in Groningen and Milan and gain an exceptional preparation for a successful career in financial markets, international finance and risk management.
In this double degree master’s, you develop the knowledge and skills necessary to identify, analyze, and assess real complex international financial management issues on both the level of companies and institutions, as well as on a societal level.
You start the first year in MSc International Financial Management in Groningen. You will learn about the different aspects of financial management in an international business environment. In Milan, during the second year, you will study integrated financial models, and firm-specific as well as industry and macroeconomic factors in their decision-making process. You gain knowledge from various study fields, including accounting, finance, control, and management applying sustainable, ethical, and responsible principles. You will learn how to think strategically, investigate innovative ideas, use research techniques, and handle challenging financial opportunities and issues in multinational businesses and international financial institutions and organizations.
By the end of this double degree programme, you will graduate with two diplomas from two highly ranked universities: MSc International Financial Management (MSc IFM) from the University of Groningen and Laurea Magistrale in Banking and Finance from the Università Cattolica del Sacro Cuore.
The Double Degree master's programme is a two-year degree with a
study load equivalent to 120 ECTS/120 CFU. In the first year in
Groningen, you gain advanced knowledge in several specific fields
in international financial management, such as international risk
management, including exchange rate and political risks,
international financing opportunities, as well as corporate
governance and social responsibility. Courses like international
management accounting and control, and international financial
reporting examine accounting and control aspects of international
business and the international economic environment in which
multinational companies operate.
To specialize in an area of your interest, we give you the
opportunity to choose from a wide variety of elective courses in
topics such as trade, environment and growth, inclusive finance,
sustainability in business and economics, energy transition and
many more (check the Ocasys course catalogue for the full
list).
You will learn to collect and analyze data, plan and design a
research project, and undertake academic writing. You will also
build computer models, present in public, and work in diverse
teams. The academic and professional skills you develop are highly
sought after and will give you access to exciting job
opportunities. You will wrap up the first year by writing and
presenting a research paper.
For an overview of all the courses taught during the MSc IFM in
Groningen, please check the Ocasys course catalogue:
https://ocasys.rug.nl/(...)/programme/PROG-6828
| Semesters | ||||
|---|---|---|---|---|
| CoursesCourse Catalog > | 1a | 1b | 2a | 2b |
| MSc International Financial Management (60 EC) | ||||
You will spend the second year in Milan, taking nine courses (in total 61 CFU). The courses of MSc IFM in year 1 are counted by UCSC as 59 CFU for the Laurea Magistrale in Banking and Finance degree.
The Banking and Finance programme is a specialized degree designed for students who wish to concentrate their career in financial markets and institutions. The programme provides advanced training in the key areas of trading and risk management. A significant feature of this programme is the combination of strong analytical foundations and applications that deal with real-world issues. Students will learn to integrate financial models, firm-specific as well as industry and macroeconomic factors in their decision-making process.| Semesters | ||||
|---|---|---|---|---|
| CoursesCourse Catalog > | 1a | 1b | 2a | 2b |
| Derivative Securities Pricing | ||||
| Market Microstructure | ||||
| Quantitative Methods for Finance | ||||
| Risk Management | ||||
| Advanced Microeconomics | ||||
| Applied Statistics for Finance | ||||
| Corporate Finance | ||||
| Foreign Language (French, German, Spanish or Italian for foreign students) | ||||
| Monetary Economics | ||||
| Programme options |
|---|
| Master Internship (specialization) Opportunity to gain work experience by doing an internship in the second semester of your study. You will be rewarded 15 ECTS on top of your programme. Your thesis will be postponed to the third semester. |
| Specific requirements | More information |
|---|---|
| previous education |
The DDM programme consists of two phases:
Students at University of Groningen (UG) To be admitted to the MSc IFM programme in Groningen, you need to meet the entry requirements. Please check https://www.rug.nl/feb/apply-msc. Candidates that want to progress to Phase 2 of the programme at UCSC, starting in September, need to apply for admission to UCSC's Laurea Magistrale degree programme in Banking and Finance by the end of April. Students will be selected based on the average GPA of the six compulsory courses in the MSc IFM and must successfully complete the programme by the time of their departure. For more information about UCSC Milan, visit https://international.unicatt.it/ucscinternational-graduate-programs-banking-and-finance. Students at the UCSC Milan Students who are admitted to UCSC Milan and who have successfully completed the required courses of the programme at UCSC, meet the entry requirements of MSc IFM at the University of Groningen. There will be selection criteria decided by UCSC Milan.In case there are more candidates for the programme than places available, candidates will be selected according to selection criteria jointly defined and agreed upon by the partner universities. |
Students have to first apply to the MSc International Financial Management via Studielink and the Online Application System (OAS) of the University of Groningen. After you apply for the programme of your choice, the Admissions Office will evaluate your educational background and assess your eligibility. Your application will be assessed on an individual basis. More information on how to apply. Once you start the programme in Groningen, you can apply to the Double Degree with Milan.
For more information about the UCSC Milan selection procedure and deadlines, please feel free to contact the programme coordinator dr. H. (Halit) Gonenc at h.gonenc rug.nl.
| Type of student | Deadline | Start course |
|---|---|---|
| Dutch students | 01 May 2025 | 01 September 2025 |
| 01 May 2026 | 01 September 2026 | |
| EU/EEA students | 01 May 2025 | 01 September 2025 |
| 01 May 2026 | 01 September 2026 | |
| non-EU/EEA students | 01 May 2025 | 01 September 2025 |
| 01 May 2026 | 01 September 2026 |
| Specific requirements | More information |
|---|---|
| previous education |
The DDM programme consists of two phases:
Students at University of Groningen (UG) To be admitted to the MSc IFM programme in Groningen, you need to meet the entry requirements. Please check https://www.rug.nl/feb/apply-msc. Candidates that want to progress to Phase 2 of the programme at UCSC, starting in September, need to apply for admission to UCSC's Laurea Magistrale degree programme in Banking and Finance by the end of April. Students will be selected based on the average GPA of the six compulsory courses in the MSc IFM and must successfully complete the programme by the time of their departure. For more information about UCSC Milan, visit https://international.unicatt.it/ucscinternational-graduate-programs-banking-and-finance. Students at the UCSC Milan Students who are admitted to UCSC Milan and who have successfully completed the required courses of the programme at UCSC, meet the entry requirements of MSc IFM at the University of Groningen. There will be selection criteria decided by UCSC Milan. In case there are more candidates for the programme than places available, candidates will be selected according to selection criteria jointly defined and agreed upon by the partner universities. |
Students have to first apply to the MSc International Financial Management via Studielink and the Online Application System (OAS) of the University of Groningen. After you apply for the programme of your choice, the Admissions Office will evaluate your educational background and assess your eligibility. Your application will be assessed on an individual basis. More information on how to apply. Once you start the programme in Groningen, you can apply to the Double Degree with Milan.
For more information about the UCSC Milan selection procedure and deadlines, please feel free to contact the programme coordinator dr. H. (Halit) Gonenc at h.gonenc rug.nl.
| Type of student | Deadline | Start course |
|---|---|---|
| Dutch students | 01 May 2025 | 01 September 2025 |
| 01 May 2026 | 01 September 2026 | |
| EU/EEA students | 01 May 2025 | 01 September 2025 |
| 01 May 2026 | 01 September 2026 | |
| non-EU/EEA students | 01 May 2025 | 01 September 2025 |
| 01 May 2026 | 01 September 2026 |
| Nationality | Year | Fee | Programme form |
|---|---|---|---|
| EU/EEA | 2024-2025 | € 2530 | full-time |
| non-EU/EEA | 2024-2025 | € 20800 | full-time |
| EU/EEA | 2025-2026 | € 2601 | full-time |
| non-EU/EEA | 2025-2026 | € 21400 | full-time |
The tuition fees above are for the one year of studying in Groningen. For an estimation of the total tuition fees for the double degree, please see DD fees.
Practical information for:
The knowledge of academic theory and practical tools that you will have acquired are highly valued in the labor market and your specialized expertise will contribute enormously to your employability. You will be able to take up positions in which you contribute as a specialist in international financial management, as well as to decision-making in multinational companies and financial institutions. You will also be in demand among consultancy firms, and multinational public organizations, such as the International Monetary Fund (IMF), World Bank, European Central Bank (ECB), and other governmental institutions.
As a graduate of these two degrees, you will be able to:
Our research-driven education is strongly rooted in business practice and society. At the heart of our teaching approach is (interdisciplinary) research. In collaboration with external partners, students and professors conduct projects on societally relevant topics such as healthy society and the economics of healthcare systems, digitalization, and how AI is shaping business and societies, leadership and governance, future prosperity and sustainability, climate change and how to tackle the shift to renewable energy. From day one of your degree, the focus is on making a real impact.
