The Financial Management specialization of the Master’s program in Business Administration at Vrije Universiteit Amsterdam will give you the tools and competencies you need for managing, controlling and financing business activities. Financial Management is crucial in all these areas and it plays a dominant role in the banking and insurance industries. As a student in the Master’s specialization in Financial Management, you will study corporate finance, accounting and financial markets (the three-pillar concept) in-depth. This comprehensive overview of the world of finance will give you a thorough understanding of its intricacies and it will give your career prospects a real boost.
The specialization in Financial Management is built on three main pillars: Corporate Finance, Management/Financial Accounting, and Financial Markets. Professionals in financial management in either non-financial or financial company are required to have a thorough understanding of how to acquire financial resources (corporate finance), how the financial environment looks (financial markets) and how to manage and report internal financial flows (management/financial accounting).
Financial management connects the internal business functions of the firm with the financial market and its institutions. This is why the specialization starts with three main compulsory courses: Advanced Corporate Financial Management addresses the main functions of financial management, Financial Markets and Institutions analyses the external financial environment, while Advanced Management Accounting explains the main financial management issues within companies.
Once you have completed these compulsory courses, you will have the option of choosing elective courses to help you specialize further in either Finance and Accounting or Banking and Insurance.
Once you have passed all the components of the Master’s program, you will be awarded the title of Master of Science in Business Administration. This degree is recognized internationally.
The Financial Management specialization typically prepares students for a career in one of the many and varied professions that fall under the category of financial management. In the corporate sector, you might become a treasurer, risk manager, controller or financial manager at a large multi-national corporation or in a small to medium-sized enterprise. The financial sector offers opportunities for graduates to become bankers, analysts, portfolio managers, accounting experts, insurance experts, or to enter into consultancy at a major national bank, with insurance companies, at major accounting firms, pension funds etc. There are also career opportunities in the non-profit sector: national government agencies, international agencies, supervisory bodies and others all need MBAs who are specialized in financial management.
Admission requirements Master's program Business Administration
- Applicants who have gained a Bachelor's degree in Business Administration, Economics or Econometrics and Operations Research at VU Amsterdam are admitted automatically to the Master's program
- Applicants with at least a Bachelor's degree from another accredited university are admissible if they have a specialization in Business Administration, witnessed by thorough knowledge of the standard literature described below (or its equivalent)
- Applicants with at least a VU Bachelor's degree in other specializations can be admitted to the master, but depending on their degree they will be required to take extra courses with a minimum of 30 credits. In that case, their program will take at least a year and a half
- Standard literature: students are assumed to be thoroughly familiar with:
- Financial Management
- Financial Markets and Institutions
- Business Statistics
- Accounting Knowledge
- Financial Risk Management*
*Not required, but advisable