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What will I learn?

The Research Master and PhD program in Finance aims at nurturing ambitious academics trained in cutting-edge research, who will contribute to advance the frontiers of finance research.

The program is structured in two phases:

a two-year Research Master (RM) and a three- to four-year PhD phase

Research Master Year 1

The first year of the RM is largely devoted to rigorous training in microeconomics, macroeconomics, and econometrics to provide students with strong basis in economic and econometric theory and methods.

Research Master Year 2

The second year of the RM brings students to explore in depth core finance research areas: asset pricing, corporate finance, and banking. Students can also choose some elective courses from all business and economics areas in order to acquire the skills needed to write their RM Thesis.

Which department am I in?

School of Economics and Management

Study options

Full Time (2 Years)

Tuition fees
€14,600.00 (11,92,810) per year
Start date

Expected August 2022


Tilburg University

Warandelaan 2,



5037, Netherlands

Entry requirements

For students from United States

Other English Language Requirements: TOEFL with a minimum score of 575 (paper-based) / 233 (computer-based).

For international students

Educational background/diplomas

When applying for admission to the Research Master's program in Business or Economics, you need to have completed / will complete before the end of the academic year:

An academic Bachelor's or Master’s degree program in economics, econometrics or business studies or another relevant field that is deemed a quantitative equivalent to the previous education profile.

You have completed your previous degree with an excellent GPA (top 10% of your class).

International diploma holders

If you hold an international university diploma, it is compulsory to submit your GRE General Test ór GMAT test score.
Applicants must belong to the 10% best test takers of either the quantitative part of the GRE, or the total score of the GMAT.
The test result must not be older than two years.

English language proficiency

An adequate knowledge of English is required, to be demonstrated with one of the following test results:

  • Academic IELTS (minimum of 7.0 overall and no components less than 6.5)
  • TOEFL (min. paper-based: 600, internet-based: 100)
  • Cambridge Certificate of Advanced English (CAE) with a min. level of B
  • Cambridge Certificate of Proficiency in English (CPE)

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