Economics and Management Masters brochure

Master’s in Economics and Management 2011/2012

Economics and Management

Table of Contents Welcome to Tilburg University

Welcome to Tilburg University 03

Tilburg University

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Tilburg School of Economics and Management

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Choose Europe’s Leading School of Economics and Management for your master’s.

We offer thirteen master’s programmes at the Tilburg School of Economics and Management and two graduate programmes comprising a research master’s and PhD programme. This brochure

Thank you for your interest in the Tilburg School of Economics and

provides an outline of each.

Accounting

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Management’s master’s programmes. This brochure offers an overview

Econometrics and Mathematical Economics

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of each of our programmes, including perspectives and experiences

I hope you find the information in this brochure useful.

Economics

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from students, alumni and professors. More detailed course

And I sincerely look forward to welcoming you to Tilburg University.

Economics and Finance of Ageing

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information is available on our website.

Finance

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Information Management

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At the Tilburg School of Economics and Management, we have a

International Management

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reputation as one of Europe’s leading facilities for research and

Marketing Management

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education in both Economics and Management. Our programmes

Marketing Research

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are taught by international scholars – some of the world’s leading

Operations Research and Management Science

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management thinkers in their fields. Content covers the absolute latest

Quantitative Finance and Actuarial Science

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developments in the field – including ideas and insights often so new

Strategic Management

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they are yet to make their impact on business practice. The latest

Supply Chain Management

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teaching methods ensure you develop the essential knowledge and

Graduate Programmes

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Research Master’s and PhD in Business

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At Tilburg, you will gain a qualification that opens more doors,

Research Master’s and PhD in Economics

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challenges you on more levels, and gives you a broader frame of

Admission and Application

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whether that’s as a manager, entrepreneur, government leader or

Prof.dr. Kees Koedijk

Tuition fees

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world-class scholar.

Dean Tilburg School of Economics and Management

Come and Meet Us

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Contact Us

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Colophon

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skills necessary to succeed in any future endeavour.

reference upon which you can draw for the rest of your career –

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Tilburg University

A top-ranked European University – with a difference.

At Tilburg University, you can be sure you are studying at one of

AACSB Accreditation

Europe’s most respected institutions. Founded in 1927 as a school of

AACSB International accreditation is the most prestigious accreditation

Economics, Tilburg University regularly takes the leading position in both

attainable for business schools worldwide. The result of a rigorous and

national and European rankings. Recent independent rankings saw Tilburg

comprehensive peer review, it is the hallmark of excellence in

University rated the best university in Europe for both Economics and Law.

management education and the indication of commitment to quality and continuous improvement.

What’s behind this success? Outstanding and prolific research; progressive teaching methods; and a strong international orientation.

Tilburg University is accredited by other leading accreditation bodies

Today, students from more than 65 countries choose Tilburg University

including the Royal Dutch Academy of Science accreditation.

for their education – because at Tilburg they can be sure of an unbeatable start to their careers.

Recent Rankings • No. 1 in Europe in Economics according to the latest European

Our motto at Tilburg University is Understanding Society. Each day, our faculty apply themselves to understanding the most pressing issues facing the global community today – devising better ways of dealing with them, developing new solutions to novel challenges. Likewise our programmes, while highly specialised and in-depth, place knowledge within the context of multi-dimensional and multifaceted reality, so that our students appreciate how the decisions they make in their future careers will impact the society around them.

Tilburg University awards approximately 1,750 bachelor’s degrees, 1,700 master’s degrees and 60 PhD degrees each year, while 1,600 staff members teach and support over 12,000 students within six faculties.

Economic Association ranking • No. 1 in Law in Europe and no. 15 worldwide – Social Sciences Research Network.

• No. 3 in Europe and no. 44 worldwide in Business according to the latest research ranking provided by the School of Management, University of Texas at Dallas • No. 24 in the world according to the latest International Executive MBA ranking provided by the Financial Times • No. 3 in Europe for Business and Management institutes according to the the RePEc ranking “Top 10% Top level institutions as of May 2009”.

• No. 10 in Europe according to the Academic Ranking of the World Universities (Shanghai-ranking) • CHE Excellence Ranking 2009 in Economics and Psychology • Best specialist university in The Netherlands, in Elseviers’s Higher Education Review 2009 • For more information on the latest rankings and accreditations of Tilburg University, please visit our website: www.tilburguniversity.nl/rankings

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Tilburg School of Economics and Management

Accounting

At the Tilburg School of Economics and Management, we make it our

Our 1-year master’s programmes consist of 60 Credits (ECTS) – the

The MSc in Accounting offers students an in-depth and scientific

Essentials

business to stay at the forefront of global economics and management

equivalent to 1680 hours of study. Four or five core courses must be

understanding of financial and management accounting, corporate

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Accounting

knowledge.

completed, as well two or three electives of 6 ECTS each, and a master’s

financial reporting, and related issues. Students acquire further specialised

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expertise by choosing between two tracks: accountancy or accounting.

Length of programme

1 year

One of the world’s best – and you join us.

thesis of 18 ECTS.

Preparing you for an international career as a financial specialist.

The first semester starts in September and concludes with exams in

Study Mode

Full-time

actively advance knowledge in the fields of economics and management

December and January. The second semester starts in January and is

Students can expect this programme to provide them with an

Title

Master of Science (MSc)

– conducting and initiating global, collaborative and multidisciplinary

divided into two parts. From January to March, you study courses.

outstanding launchpad for an international career as a financial

Language of Instruction

English

specialist at a financial institution such as a bank, consultancy firm,

Best preparatory Designed for students with a bachelor’s

insurance company, or even an eventual general management position

bachelor’s in Business Administration,

More than 550 world-class and international faculty members today

research endeavours that are among the most high profile in the world.

From April to June, you focus on your master’s thesis.

This is the knowledge that is informing the top management programmes worldwide; knowledge that is shaping world economic

The research master’s programmes consists of 120 Credits (ECTS)

International Business, Business

– just a sample of the many successful careers of our graduates.

policies, and being applied by companies to improve what they do.

Studies or Information Management

Knowledge our students get to access directly via each of our master’s

Language requirements

TOEFL 90-91 (internet-based), IELTS 6.5*

and PhD programmes.

Additional requirements

GMAT (average score 600) *

Two tracks

Accountancy and Accounting

Career Prospects Outstanding career prospects, with

Some of the world’s pre-eminent economists have studied at the Tilburg School of Economics and Management. Today no less than 5500

graduates qualified to pursue positions

students study in a wide range of programme’s offered by the school’s

as controllers, financial managers, or (assistant) accountants for a firm,

eight departments: • Accountancy

bank or consulting agency

• Econometrics and Operations Research

Start date

September 2011

• Economics More information: www.tilburguniversity.nl/masters/acc

• Finance • Fiscal Economics • Information Management • Marketing • Organisation and Strategy.

Prof.dr. Philip Joos is a professor of Financial Accounting at Tilburg University.

He is also academic director of the Accounting programme.

“At the beginning of the millennium we saw a tsunami of corporate scandals that destroyed investors’ trust in the capital markets. I cannot emphasize enough the importance of ethical behaviour in financial reporting. Our partnership with the CFA institute gives students the opportunity to learn the CFA Institute Standards of Practice and Code of Ethics.”

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Accountancy Track

Accounting Track

Students must select two courses from the list below:

CFA programme partner

The Accountancy Track focuses on the set-up and control of external

The Accounting Track is designed for students looking to enter the post-

• Investment Analysis*

The Tilburg School of Economics and Management is a CFA

financial reporting. This programme delivers a solid foundation that can be

master’s programme ‘Registercontroller’ (RC – in Dutch), and offers the

• Financial Analysis and Investor Behaviour*

programme partner. This coveted status makes it possible for you to

used to grow into a more general management position, or as preparation

chance to attain the CFA designation. Core accounting courses are

• Management Control**

follow the Chartered Financial Analyst (CFA) track within the MSc in

for the post-master’s programme ‘Registercontroller’ (RC – in Dutch).

supplemented by electives from the related fields of Finance and

• Advanced Accounting Information Systems**

Accounting – which covers at least 70% of the CFA Program Candidate

• Corporate Financial Reporting

Organisation.

• Corporate Valuation

Body of Knowledge (CBOK), preparing you to take your CFA exams.

• Advanced Financial Accounting

• Corporate Financial Reporting*

• Strategic Management

You are also exposed to the concepts and principles deemed by

• Management Control

• Advanced Management Accounting

• Treasury Management

investment professionals around the world as integral to global

• Advanced Auditing

• Advanced Financial Accounting*

• Advanced Accounting Information Systems

• Financial Statement Analysis*

• Accounting Theory

• Accounting Theory

• Financial Statement Analysis

Master’s Thesis

®

Master’s Thesis

practice. In addition, you receive CFA *

These 6 CFA-courses are compulsory for those students who wish to take

ethics training, you can participate in

part in the Tilburg-CFA Institute partnership.

joint events with the Dutch CFA Society

** These two courses are compulsory for those students who wish to continue with the post-master RC programme (registercontroller – in Dutch).

and you are eligible for a CFA level I exam scholarship.

Your Future Career Our graduates are qualified for a career as an accounting specialist within an accounting or management control position in a company or consultancy firm; or a position as a controller, accountant, financial manager, or financial analyst in a bank, insurance company or other institutional investors. You also have the foundations in place to move into a general management career. If you follow the Accountancy track, you can enter the part-time post-master RA programme while working

Linda Buiks – Alumnus of the MSc Accounting programme.

at an accountancy firm.

“I am a junior controller at the financial reporting department of Albert Heijn. Together with a team of young and enthusiastic colleagues, I am responsible for the performance measurement of all operating companies within Albert Heijn. It’s fascinating to see the outcomes of important decisions taken on the basis of our analyses and directly implemented in the stores.”

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Econometrics and Mathematical Economics Gain sought-after expertise in the field of quantitative economics.

Intense and intellectually-challenging, the MSc Econometrics and

Essentials

Mathematical Economics offers an exceptional opportunity for student

Name

to earn a highly-regarded graduate degree in the field of quantitative

Economics

economics.

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Econometrics and Mathematical

Length of programme

1 year

Taught by a cohort of some of the world’s leading academics in the field,

Study Mode

Full-time

the programme focuses on the mathematical and quantitative analysis

Title

Master of Science (MSc)

of economic problems in the context of everything from the labour

Language of Instruction

English

market, capital investment and industrial organisations, to the strategic

Best preparatory Designed for students with a bachelor’s

behaviour of firms and individual decision-making.

bachelor’s

in Econometrics and Operations

Research or the equivalent

While Econometrics makes an explicit link between statistical

Language requirements

TOEFL 90-91 (internet-based), IELTS 6.5*

techniques and economic problem formulation, Mathematical

Additional requirements

GRE (average score above the 75%)

Economics structures the economic problem using models that

Two tracks Econometrics and Mathematical

incorporate both competitive and cooperative aspects. You will be

capable of applying both mathematical and statistical methods to

Core courses Econometrics Econometric Theory, Micro-Econometrics,

Economics Empirical Finance, Quantitative Models

analyse and solve quantitative problems in real-world economics and

in Marketing, Panel Data Analysis of

business – skills sought after in business today.

Microeconomic Decisions

Core courses Mathematical Dynamic Real Investment, Advanced Economics Game Theory, Nonlinear and Robust

Optimisation, Seminar Competitiveness of the European Economy, Incomplete

Information

Career Prospects Outstanding career prospects, with

graduates qualified to pursue positions in government, consultancy firms, large and

small companies or the non-profit sector

Start

September 2011

More information: www.tilburguniversity.nl/masters/eme

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www.tilburguniversity.nl/masters/eme

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Curriculum

Your Future Career

Track Econometrics

Track Mathematical Economics

Our graduates are set to pursue specialist roles in governmental

Core courses

Core courses

agencies, consultancy firms, research departments of large companies,

• Econometric Theory

• Dynamic Real Investment

banks, insurance companies, non-profit organisations or pension funds.

• Empirical Finance

• Advanced Game Theory

Many of our graduates move quickly from specialist roles into

• Micro-Econometrics

• Micro 3 (Incomplete Information)

management positions.

• Panel Data Analysis of Microeconomic Decisions

• Nonlinear and Robust Optimisation

You can also pursue a scientific career in econometrics, mathematical

• Quantitative Models in Marketing

• Seminar Competitiveness of the European Economy

economics, operations research or quantitative economics, by applying for the second year of the research master’s programme in Business or

Electives

Electives

Economics at CentER Graduate School, leading to a PhD track. Many of

The core course not selected above

The core course not selected above

today’s professors in Economics have a background in Econometrics

• Dynamic Real Investment

• Empirical Finance

• Financial Models

• Financial Models

• Advanced Game Theory

• Issues in Finance and Insurance

• Issues in Finance and Insurance

• Management Science

• Management Science

• Micro-Econometrics

• Nonlinear and Robust Optimisation

• Operations Research and Management Science in Practice

• Operations Research and Management Science in Practice

• Panel Data Analysis of Microeconomic Decisions

• Pension System Design

• Pension System Design

• Simulation Other courses, to be approved

and Mathematical Economics.

• Simulation Other course, to be approved Master’s Thesis

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Prof.dr. Dolf Talman is a professor of Game Theory and Equilibrium Programming

Balazs Toth, Hungary. Alumnus of the MSc Econometrics and Mathematical Economics.

“The MSc in Econometrics and Mathematical Economics is taught entirely by members of the renowned research

“I wanted an English-taught programme that was affordable at a university with an excellent reputation.

institute CentER, at Tilburg University. We can guarantee our master’s students learn the newest theories, techniques

I made the right choice in Tilburg. The MSc in Mathematical Economics and Econometric Methods has a

and applications, how to apply them, and even how to potentially build on and develop new mathematical or

great multicultural atmosphere. My internship at a Dutch insurance company led to a permanent position

statistical tools.”

that is enormously stimulating.”

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Economics

Acquire a world-class qualification in a field that opens doors worldwide.

The MSc Economics equips students for handling the complex and

Essentials

Curriculum

Four different tracks

dynamic problems facing companies and governments in the modern

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Economics

Applied Methods for Economists

While you have the freedom to select the courses you take, we

economy. You will learn to analyse the issues behind market failures and

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At least four of the following courses:

recommend four course tracks that deliver a distinct and desirable area

strategic interaction, gather and process information, and effectively

Length of programme

1 year

• Seminar Labour Economics

of specialised knowledge and are reflected in your thesis topic, core

communicate the results of your analyses. Your deeper understanding

Study Mode

Full-time

• Seminar Development and Growth

courses and electives, and focus you apply within your coursework.

of how markets function, why they fail, and the implications of this will

Title

Master of Science (MSc)

• Seminar Public Economics

equip you for assisting companies, organisations, and governments seize

Language of Instruction

English

• Seminar Environmental Economics

Competition and Regulation

the opportunities presented by market integration and avoid potential

Best preparatory bachelor’s Designed for students with a bachelor’s

• Seminar Competitiveness of the European Economy

The ‘Competition and Regulation’ track examines how markets should

in Economics or a similar area such as

• Seminar Game Theory and Industrial Organisation

be organised with a particular focus on the industrial organisation.

market failures – the key challenge facing firms and governments today.

Our economics graduates are in high demand with employers in both

Econometrics

• Seminar Competition Policy

This track is ideal preparation for students aspiring to work for

the public and private sector. Recent research shows that economics

Language requirements

TOEFL 90-91 (internet-based), IELTS 6.5 *

• Seminar Competition and Regulation in Network Industries

competition authorities such as NMa; regulatory bodies such as DTe

graduates earn up to 24% more than the average graduate.

Additional requirements

GRE (average score above the 75%)

• Seminar Competition and Regulation in Health Care Markets

and OPTA; Ministries of Economic Affairs; large consultancy firms such

• Seminar Taxation and Trade

as PriceWaterhouseCoopers; specialised economic consultancies in

Four tracks Competition and Regulation, Socio-

Four tracks are offered within this master’s, providing students with a

economic Policy Resources, Development

• Seminar Financial Economics

competition and regulation such as Lexecon, Nera, Oxera; international

further area of specialisation: Competition and Regulation, Socio-

and Growth, International Economics

• Seminar Financial Markets and Institutions

organisations such as the EU and the OECD; and economic departments

economic Policy, Resources, Development and Growth, or International

Economics and Finance.

Career Prospects Outstanding career prospects, with

and Finance

A maximum of two electives must be taken

of large firms.

Master’s Thesis

graduates qualified to pursue positions in general management, government, applied research, consultancy, policymaking at (inter) national organisations (such as the EU or WTO), a PhD –

and much more

Start

September 2011

More information: www.tilburguniversity.nl/masters/ec

Pa Sinyan, The Gambia. Alumnus of the MSc Economics.

“Being taught by internationally-renowned professors is a huge privilege – they are some of the brightest

* If applicable

minds in Europe. I am currently working in Berlin for the German investment promotion agency “Invest in Germany” as part of the Financing and Incentives team that consults with foreign investors who want to invest in Germany.

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Economics and Finance of Ageing

Equip yourself for solving one of society’s greatest future challenges.

Socio-economic Policy

International Economics and Finance

An ageing society is one of the major challenges facing governments

Essentials

The ‘Socio-economic Policy’ track focuses on how governments can

The ‘International Economics and Finance’ tracks focuses on the

and businesses today – making in-depth knowledge in this area an

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Economics and Finance of Ageing

achieve their domestic policy objectives, taking into account the

financial and international side of firm regulation and policy making.

invaluable area of expertise.

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Length of programme

1 year

constraints associated with ongoing economic integration.

This track is designed for students aspiring to a career in banking or

This track centres around Seminars Public Economics and Labour

other companies who are regularly confronted with international policy

Economics. It provides an outstanding foundation for students wishing to pursue a career as a policy advisor in national governments such the

making, or for students aspiring to a career as a policy maker.

The MSc Economics and Finance of Ageing is a broad programme that

Study Mode

Full-time

applies perspectives from finance, economics and econometrics to

Title

Master of Science (MSc)

analyse ageing-related issues. You will acquire a broad scientific

Language of Instruction

English

knowledge of modern economics and finance focused on the specific

Best preparatory bachelor’s Designed for students with a bachelor’s

Ministry of Social Affaires, or other Ministries; in international organisations

Your Future Career

such as the EU; as researchers in applied research institutes such as

Our graduates have a competitive advantage in all jobs that demand

fields of ageing, pensions and retirement – and are encouraged to think

Netherlands Bureau of Economic Research (CPB); or as a consultant

sound economic knowledge, economic intuition, and sharp analytical

critically and independently as to how this can be applied to solve

Business Administration

with nationally or internationally-oriented consultancy firms.

and problem-solving skills. Most of our students end up in influential

current world problems.

Language requirements

TOEFL 90-91 (internet-based), IELTS 6.5*

Additional requirements

GRE (average score above 75%) *

positions as consultants or policy advisors at large enterprises

in Economics, Econometrics or

Resources, Development and Growth

(especially banks), consultancy firms, research bureaus, government

Learning in the programme is highly interactive, while a relatively small

The ‘Resources, Development and Growth’ track focuses on the sources

Core courses Investment Analysis of Pensions and

ministries, public and non-profit organisations and other international

class size ensures a high level of attention from lecturers. Lecturers on

Ageing, Macroeconomics of Pensions and

of economic growth, the barriers to growth and development, and the

institutes. For those seeking to continue their academic development,

the programme are from the Network for Studies on Pensions, Ageing

Ageing, Microeconomics of Life-cycle

negative consequences of growth.

they can enter a research master’s or PhD programme in the

and Retirement (Netspar), an international research centre that draws

This track is a launch pad for students seeking a career in international

Netherlands or abroad.

together scholars from Tilburg University and other world-leading

Career Prospects Outstanding career prospects, with

Behaviour

organisations such as the World Bank; national governments such as

universities, as well as practitioners from participating companies and

graduates qualified to pursue positions

the Ministry of Development Cooperation or the Ministry of the

public institutions. Learning is taken out of the classroom during

in insurance companies, pension funds,

Environment; non-governmental organisations; or internationally-

company visits, workshops, and other Netspar events.

oriented consultancy firms.

ministries, and other private and public

sector organisations

Start

September 2011

More information: www.tilburguniversity.nl/masters/efa Prof.dr. Sylvester Eijffinger is a professor of Financial Economics, a Board member of the

* If applicable

European Banking CentER, and a former visiting professor at Harvard University.

“This programme is taught by the most reputed professors at Tilburg University – leading academics who are not only well-known for their academic publications but their influence in policy circles. You learn the frontiers of science research and state-of-the-art policy-making. You couldn’t ask for much more.”

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Finance

Aspire for a career at the top of the financial world.

Internships

Your Future Career

The MSc in Finance delivers both broad business knowledge and

Essentials

An internship at an organisation is an invaluable element of the

Your credential qualifies you for an international career in strategy,

specialised expertise in either financial management or investment

Name

Finance

programme. Netspar intermediates in matching you to the right

policy, consultancy, investments, research, asset liability management,

analysis – outstanding preparation for ambitious students seeking a

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career at the top of the world of finance.

Length of programme

1 year

industry and organisation, where you conduct field research on a

control or treasury – at organisations including insurance companies,

subject relevant for the pension and insurance sectors, under the

pension funds, or private or public organisations dealing with pensions,

Study Mode

Full-time

supervision of a Netspar researcher. You then write a master’s thesis

ageing, retirement, health economics, and more. A PhD track and an

You will gain in-depth knowledge in how to determine a firm’s cost

Title

Master of Science (MSc)

based on your findings.

academic career are yet another possibility.

of capital; the capital structure of a firm; and the risk and return

Language of Instruction

English

characteristics of investments, event studies, and portfolio

Best preparatory bachelor’s Business Administration, International

Curriculum

Waivers and scholarships for all students

Business, Business Studies,

management decisions.

• Introduction to Economics and Finance of Pensions and Ageing

For the academic year 2011/2012, the Tilburg School of Economics and

You learn how to solve practical cases by applying concepts from

• Quantitative Research in Pension and Retirement Economics

Management has a maximum of 10 partial tuition waivers (reduction)

international scientific literature, and discussing and analysing case

Economics and Finance or Economics

studies with fellow students.

Language requirements

TOEFL 90-91 (internet-based), IELTS 6.5* GMAT (average score 600) *

Information Management, International

• Investment Analysis of Ageing and Pensions I

available for non-EEA students. Netspar sponsors 10 scholarships for

• Macroeconomics of Pensions and Ageing

EEA-students (including Dutch). These waivers and scholarships are

Additional requirements

• Microeconomics of Life-cycle Behaviour

only available to students enrolled in the master’s programme in

Lecturers on the programme are from the Department of Finance at

Core courses Investment Analysis, Capital Structure,

Two courses out of:

Economics and Finance of Ageing. The waiver for non-EEA is

Tilburg University – some of the world’s most widely published and

cited academics in the field. Thanks to their expertise, all courses reflect

Career Prospects Outstanding career prospects, with

• Health Economics and Ageing

approximately € 3,500. For EEA students the scholarship is € 3,000.

• Investment Analysis of Ageing and Pensions II

graduates qualified to pursue positions

the absolute latest ideas and thinking.

as Chief Financial Officers, financial

• Psychology of Economic Behaviour • Topics in Economics and Finance of Ageing Master’s Thesis

Empirical Methods in Finance

planners, treasurers, consultants,

Career prospects within the financial industry are outstanding, both on

investment managers, risk managers,

a national and an international level.

investment advisors, or a PhD track

Start

September 2011

More information: www.tilburguniversity.nl/masters/fin Prof.dr. Lans Bovenberg is the academic director of Netspar and Winner of the Spinoza prize (the ‘Dutch Nobel

* If applicable

prize’). He is one of the most-cited Dutch economists in national and international literature.

“Governments, pension funds and insurance companies have an urgent need for knowledge in this area applied by high-potential young talent. For students with a keen interest in global issues, this programme represents an outstanding opportunity.”

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CFA programme partner

2 Electives from:

Tilburg School of Economics and Management is a CFA programme

• Corporate Governance and Restructuring (*)

partner. This coveted status makes it possible for you to follow the

• Corporate Valuation

Chartered Financial Analyst (CFA) track within the master in Accounting

• Derivative Securities and Risk Management (*)

– which covers at least 70% of the CFA Program Candidate Body of

• Investment Analysis of Ageing and Pensions I

Knowledge (CBOK), preparing you to take your CFA exams. You are also

• Advanced Financial Accounting

exposed to the concepts and principles deemed by investment

• Strategic Management

Wenjia Sun, China. Student of the MSc Finance.

“What I like is that my fellow students have very different backgrounds. Even the lecturers are multinational.

People share their different experiences, which is very inspiring. Sometimes I find my ideas are quite different to other students, which inspires me to think outside the box.”

professionals as integral to global practice.

Curriculum

2 Electives from: • Financial Markets and Institutions • Treasury Management

Your Future Career

• Capital Structure (*)

• Financial Statement Analysis (*)

Our graduates are set to pursue careers as financial planners,

• Investment Analysis (*)

• Financial Analysis and Investor Behaviour (*)

treasurers, portfolio managers, risk managers, investment advisers, or

• Entrepreneurial Finance

even chief financial officers (CFO).

Compulsory Courses

• Empirical Methods in Finance (*)

Master’s Thesis

International companies, smaller domestic firms, the largest Dutch banks and many international banks all currently employ our alumni.

* These CFA-courses are compulsory for those students who wish to take part in the Tilburg-CFA Institute partnership programme.

Some alumni work in financial consulting at firms; others work for venture capitalists, non-profit organisations, insurance companies, investment funds, pension funds, and the Dutch government including the financial authority (AFM) and The Ministry of Finance.

Prof.dr. Luc Renneboog is a professor of Corporate Finance.

“This programme offers you skills and insights that can be applied in almost any business situation. You learn how to plan mergers and acquisitions, raise external financing, bring companies to the stock exchange and restructure corporations. It is the perfect stepping stone towards a successful career in a range of positions.”

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Information Management

pursue an international career at the interface of ICT, Business and Management.

Curriculum

Your Future Career

Information Management

Participants participate in courses in Seminar Information Management

The MSc Information Management has been ranked among the top five

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and E-Business and have the option of selecting up to two courses from

programmes for best career prospects in the Netherlands according to

1 year

any other MSc programme at the Tilburg School of Economics and

a recent study. Our graduates work at the interface of IT and business,

Study Mode

Full-time

Management.

translating the needs of various departments into actual information

enterprise; how knowledge management can be used as a tool for

Title

Master of Science (MSc)

innovation; and which information technologies can improve an

Language of Instruction

English

organisation’s decision-making processes and overall efficiency and

Best preparatory bachelor’s Designed for students with a bachelor’s

The MSc in Information Management is based on three pillars:

Essentials

transforming business through IT, managing knowledge for business

Name

performance, and selecting and deploying the enabling technologies.

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You will learn how to strategically apply IT to fundamentally change an

productivity.

International lecturers bring a blend of contrasting experiences and

systems (automation). Positions include that of business process In addition to one course from another master‘s programme, in

analyst, systems consultant, project leader, EDP auditor, IT manager,

business or management, at least four courses must be selected from:

systems developer or information manager, IS analyst/architect, even

in Information Management,

• Advanced Resource Planning

Chief Information Officer (CIO). The programme is also excellent

Economics and Information

• Logistics and Information

preparation for a PhD in Information Management.

Management, International Economics

• Business Intelligence

cultural perspectives into the classroom, while the department of

and Finance or Economics

• Business Process Integration

Information Management itself is a global department – collaborating

Language requirements

TOEFL 90-91 (internet-based), IELTS 6.5*

• Business Transformation and IT

internationally with top universities including UC Berkeley (USA),

Additional requirements

GMAT (average score 600) *

• Management of Knowledge and Innovation

Tsinghua University (China) and the University of South-West Wales

Core courses Business Transformation and IT,

• Method Engineering

e-Business, Business Process

(Sydney, Australia).

Integration, Advanced Resource State-of-the art teaching methods are deployed, imparting the latest

Planning, Management of Knowledge

techniques for enabling integrated business processes, virtual supply

and Innovation, Seminar Information

chains, and networked organisations. While technical aspects of

information systems are covered, the primary focus of the programme

Career Prospects Outstanding career prospects, with

Management graduates qualified to pursue positions

is on the managerial application of this information.

as Business Process Analysts, IS project Students are equipped for handling a wide range tasks from integrating

managers, IS Analysts/Architects, Systems

Yiannis Nousis, Greece. Alumnus of the MSc Information Management.

a company’s IT and business strategy, to outsourcing operations or

Consultants, EDP Auditors, IT-Managers,

“I have very fond memories of my time in Tilburg. There is a good intermixing between international and

Chief Information Officers (CIO)

Dutch students and you can live in the Netherlands easily without speaking Dutch, which is proof of the open-

Start

September 2011

mindedness and friendly character of the Dutch peoples.”

conducting systems and business analyses.

More information: www.tilburguniversity.nl/masters/im * If applicable

22

www.tilburguniversity.nl/masters/im

23

Erasmus Mundus Programmes

International Master in Service Engineering (IMSE)

The goal of the Erasmus Mundus programmes is to enhance quality in

Many experts see the explosive growth in services as the next major

Programme Overview

European higher education and to promote intercultural understanding

revolution in the world economy. As service economies expand and

The programme consists of 120 ECTS credits and must be completed

through cooperation with other countries.

powerful digital communications networks such as the internet rapidly

within two years. Students spend a semester in Germany, followed by a

Tilburg University offers two unique and international master’s

evolve – so is the discipline of services science and engineering.

semester in the Netherlands and Greece. The final semester is devoted

Preparing the new generation of service engineers.

to thesis work, which includes an internship at an internationally-

programmes for highly-ambitious bachelor graduates: • The International Master in Service Engineering, and

The International Master in Service Engineering (IMSE) is the result of a

• The International Master in Management of Information Technology.

unique collaboration between Tilburg University, the University of

operating company or research institute either inside or outside Europe.

Stuttgart in Germany, and the University of Crete in Greece. Multi-

Erasmus Mundus Scholarships

disciplinary and global in design and delivery, the programme sits at the

For the academic year 2011/2012, there will be approximately 17

interface of software service systems and new globe-spanning business

Erasmus Mundus scholarships (category A and B) available for

processes – preparing students to become the new generation of

European and non-European applicants.

service engineers.

More information?

The programme benefits thanks to our collaboration with other top

The application and admissions procedures for the IMSE programme

international academic institutes and companies. UC Berkeley (USA),

differs from those of the regular MSc programmes at Tilburg University.

the University of New South Wales (Australia), Tsinghua University

Interested students should check this website for further information:

(China) and international companies ForthNet, IBM, Software AG,

www.erasmusmundus-imse.eu

Accenture and PriceWaterhouseCoopers all contribute to ensure this programme delivers the absolute latest developments in the field of service engineering, with a strong global orientation.

Prof.dr.ir. Michael P. Papazoglou is a professor of Computer Science and executive director of the European Research Institute in Services Science (ERISS).

“There is an acute shortage of professionals world-wide with the appropriate skills to meet the growing needs of the services sector. We teach services science as an integral part of the MSc Information Management.”

24

www.erasmusmundus-imse.eu

25

International Master in Management of Information Technology (IMMIT)

A global career at the interface of Information Systems and business functions.

Tilburg University has joined forces with the Turku School of Economics

A unique aspect of the IMMIT is that participants study together in a

Programme Overview

(Finland) and the IAE Aix Graduate School of Management, Université

cohort throughout the programme, spending each semester in a

The programme consists of 120 ECTS credits and must be completed

Paul Cezanne Aix-Marseille III (France) to offer highly motivated

different European location. First France, then Finland, and then the

within two years. The first year focuses on Foundations in International

students the International Master in Management of Information

Netherlands. The location of the last semester (during which you write

Business and IT management skills. The emphasis in the second year

Technology (IMMIT).

your thesis) can be held anywhere in Europe. This experience

shifts towards integration issues such as the role of IT in business

encourages the development of cultural awareness and intercultural

transformation, the management of IT-based innovation, and more

The IMMIT programme has been designed to prepare students with a

personal skills, as students develop connections and work in groups

specialised topics in international IT management. The second

background in either business or information technology for careers as

throughout.

semester is devoted to thesis work and includes an internship at an

“hybrid” managers – operating at the interface of Information Systems and business functions within an international business environment.

internationally-operating company such as Shell, ING Bank, Procter & Participants graduate with master’s degrees from each of the participating universities.

Gamble or Nokia.

Erasmus Mundus Scholarships For the academic year 2011/2012, there will be approximately 17 Erasmus Mundus scholarships (category A and B) available for European and non-European applicants.

More information?

The application and admissions procedures for the IMMIT programme differ from those of the regular MSc programmes at Tilburg University.

Interested students should check the procedures and scholarship information on the IMMIT website at: www.immit.eu.

Merie Joseph, India. Alumnus of the Erasmus Mundus IMMIT programme.

“The reality of the IMMIT programme proved more exciting and life-changing than I imagined. Three different universities. Three different teaching styles. Three masters degrees. We studied in a cohort of 20 classmates from 13 different countries across four continents. We met as strangers in France, became closer in Finland, and great friends in the Netherlands.”

26

Prof.dr. Piet Ribbers is a professor of Information Management at the CentER for Economic Research at Tilburg University. He is also director of the IMMIT programme.

“Our students are not trained to be computer scientists – they work with people, coordinate projects, facilitate change. Strong communication skills are essential. They are the ideal facilitators because they understand the management perspective, and can translate these requirements into information systems specifications.”

www.immit.eu

27

International Management

The ultimate preparation for an international management career.

Curriculum

Your Future Career

What do Wall Street, the bustling trade markets of Hong Kong, and the

Essentials

flower auction in Aalsmeer have in common? Business conducted on a

Name

International Management

• International Financial Reporting and Analysis

The range of possible starter positions for graduates of this programme

global scale – with customers and suppliers located worldwide.

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• International Marketing

is exceptionally broad. A sample of the positions of our graduates

Length of programme

1 year

• International Management

include: International Management Trainee at ABN-AMRO in Hong

Companies that operate in an international setting require employees

Study Mode

Full-time

• International Financial Management

Kong; Marketing Manager export division for Heineken; Planning and

who can appreciate and deal with a whole new level of complexity – a

Title

Master of Science (MSc)

complexity that the MSc in International Management prepares

Language of Instruction

English

students to manage, and thrive in.

Best preparatory bachelor’s Designed for students with a bachelor’s

Control Officer at AT&T; Investment Consultant at Hewitt Associates; 1 Elective from:

Brand Manager at Coca Cola; Account Manager at OCE; Controller at

• Corporate Governance and Restructuring

Philips Electronics; Accountant at Van Lanschot Private Bankers; or

in Business Administration,

• Management Control

Market Researcher at Unilever.

International Business, Business

• Marketing Communication

The MSc in International Management also prepares you for a career

international management issues across a broad number of disciplines:

Studies or Business Economics

• Strategic Management

with policy-making institutes such as the IMF, the World Bank, or

accounting, marketing, management and finance – creating the broad

Language requirements

TOEFL 90-91 (internet-based), IELTS 6.5*

• International Business Seminar

ministries of a country; a career at a research institute; or a top PhD

knowledge framework necessary for a management career. Students

Additional requirements

GMAT (average score 600) *

• Elective

programme.

learn how to apply this knowledge to practical business situations to

Core courses International Financial Reporting &

Students gain an in-depth knowledge of the theoretical dimensions of

Master’s Thesis

Analysis, International Marketing,

ensure the best course of action is taken.

International Management, A mix of contrasting cultural backgrounds in the classroom makes for a

lively exchange of perspective and experience. Students not only learn

Career Prospects Outstanding career prospects with

International Financial Management

about different global business methods and models – they get a taste

graduates attaining the broad business

of it first-hand in their own multilingual and multicultural environment.

knowledge and skills to eventually attain

A student-centred approach to learning ensures a high level of

a general management position in a

individual attention is provided by the international scholars on the

multinational firm

programme, adding to the quality of the educational experience.

Start

September 2011 Prof.dr. Steven R.G. Ongena is a professor of Empirical Banking at Tilburg University.

More information: www.tilburguniversity.nl/masters/man

“Students clearly benefit from the direct transfer of knowledge from what we are discovering in our research endeavours to what is taught on the programme. They also benefit from learning among some of the best and most ambitious students

* If applicable

28

www.tilburguniversity.nl/masters/man

in Europe. Many places claim to be the top institute. But at Tilburg, we are.”

29

Marketing Management

Outperform your peers in your future marketing career.

Essentials

Knowledge of market segmentation, understanding consumer decision-

Curriculum

Your Future Career

Name

Marketing Management

making, and knowing how to use marketing instruments are the core

• Brand Management

With a combination of theoretical knowledge and practical skills,

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tasks of any marketing manager – and form the foundation of the MSc

• Marketing Channel Management

graduates of this multi-disciplinary programme are in a highly

Length of programme

1 year

in Marketing Management.

• Marketing Communication

competitive position to attain a career in any number marketing-related

Study Mode

Full-time

• Strategic Marketing Management

positions, including that of commercial manager, marketing manager,

Title

Master of Science (MSc)

The MSc in Marketing Management provides outstanding preparation

Language of Instruction

English

for any aspiring marketing manager. With an unparalleled scope and

Best preparatory bachelor’s Designed for students with a bachelor’s

account manager, sales manager, brand manager, consultant, product 1 Elective from:

depth to the curriculum – which is designed by both industry

• Advanced Marketing Research

in Business Administration,

practitioners and internationally-reputed academics – your new

• International Marketing

International Business, Business

knowledge will span everything from branding and creating a strong

• Market Assessment

Studies or Economics and Information

marketing campaign to developing and testing advertisements, setting

• Strategic Management

Management covering the courses

up new distribution channels, and managing communications.

2 Electives from:

Services Marketing and Marketing

Language requirements

TOEFL 90-91 (internet-based), IELTS 6.5*

Pre-existing knowledge of economics, organisation and strategy, and

• Experimental Research

Additional requirements

GMAT (average score 600) *

economic psychology are used to shed further insights on marketing

• Marketing Information Management

theory – while you learn how to apply theoretical knowledge to develop

• Purchasing Management

new and better methods and approaches to marketing in practice.

• Survey Methodology

Core courses Marketing Channel Management,

Strategic Marketing Management, Brand Management, Marketing

Communication

Career Prospects Outstanding career prospects, with

developer or academic.

Master’s Thesis The Marketing Department at Tilburg University is internationally recognised as one of the best in the

graduates qualified to pursue positions

world. And perhaps even more importantly –

as marketing managers, account

our teaching methods and lecturers

managers, sales managers, brand

are highly rated by current students

managers, consultants or academics

and alumni.

Start

September 2011

Prof.dr. Henk Roest is a professor of Marketing and Chairman of the Marketing Department at Tilburg University.

“Our team works on developing new insights in strategic marketing management, consumer behaviour

More information: www.tilburguniversity.nl/masters/mm

and marketing modelling. Sharing these new theories and empirical findings with students and training them to apply them in real life makes them exceptionally well- prepared for their careers in marketing

* If applicable

30

www.tilburguniversity.nl/masters/mm

management.”

31

Marketing Research

Pursue a career as a highly-trained marketing analyst.

Two Tracks

What is the effect of price promotions on company sales? How do we

Essentials

measure the effect of price changes on the brand choice of an individual

Name

Marketing Research

The MSc in Marketing Research (MR) consists of two tracks: the

• Advanced Marketing Research

consumer?

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Strategic MR track and the Quantitative MR track.

• Market Assessment

Length of programme

1 year

The MSc programme in Marketing Research demonstrates how sound

Study Mode

Full-time

The Strategic MR track is designed for students with a Business

research can lead to far more effective marketing decisions. Designed

Title

Master of Science (MSc)

Administration background and the ambition to learn more about the

for students seeking a career as a highly-trained marketing analyst, the

Language of Instruction

English

marketing research process. Courses cover all stages of the research

programme teaches students how to use state-of-the-art research

Best preparatory bachelor’s Designed for students with a bachelor’s

methodology to collect, analyse and disseminate quantitative

The Strategic MR Track

• Survey Methodology • Strategic Marketing Management 2 Electives from:

process from collecting and analysing marketing data, to the

• Marketing Models

in Business Administration,

presentation of the results. Research-oriented courses are combined

• International Marketing

International Business or Economics

with managerial courses. You gradate with solid business fundamentals

• Panel Data Analysis of Micro-Economic Decisions

and Operations Research

that will enable you – as a marketing analyst – to understand the needs

• Micro-Econometrics

By reporting results and drawing conclusions, students acquire the

Language requirements

TOEFL 90-91 (internet-based), IELTS 6.5*

and perspectives of marketing managers.

• Simulation

capacity to provide invaluable input to marketing managers, who must

Additional requirements

GMAT (average score 600) *

frequently make far-reaching decisions in impossibly complex and

Two tracks Strategic Marketing Research and

The Quantitative MR track is designed for students with a mathematical

demanding environments – decisions on issues such as pricing,

background who are interested in applying their econometrical

advertising, segmentation and much more.

Core courses Marketing Models, Market Assessment,

knowledge to the field of marketing. Advanced marketing research

courses that cover state-of-the-art research methodologies used in

information in a systematic and objective way.

Quantitative Marketing Research Survey Methodology

Career Prospects Outstanding career prospects with

Micro-Economic Decisions and Micro-Econometrics – giving you the

as a marketing researcher, consultant,

opportunity to broaden your econometrical knowledge.

market analyst, or to pursue a PhD track

Start

September 2011

More information: www.tilburguniversity.nl/masters/mr

• Marketing Information Management • Experimental Research Master’s Thesis

marketing are combined with courses such as Panel Data Analysis of

graduates qualified to pursue positions

1 Elective from:

Wiebke Schlabohm, Germany. Student of the MSc Marketing Research “I really like the teaching style at Tilburg, where traditional lectures are combined with interactive sessions

* If applicable

giving you plenty of room for open discussion with professors. The education is really practice oriented.

I have already learned how to handle specialised software to solve marketing problems.”

32

www.tilburguniversity.nl/masters/mr

33

Operations Research and Management Science Specialise in solving businesses’ most complex logistics and supply chain challenges.

Your Future Career

Businesses and industries are increasingly global and complex.

• Panel Data Analysis of Micro-Economic Decisions

Career opportunities for marketing researchers are plentiful and broad

Effective decision-making in relation to the design and administration

Name Operations Research and Management

• Market Assessment

– thanks to an urgent demand for people with knowledge and skills in

of production systems, supply chains, and IT solutions requires much

Science

more than even solid knowledge foundations.

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The Quantitative MR Track

• Quantitative Models in Marketing

both marketing and research methodology.

Essentials

Our graduates often work in research or consultancy in a wide range of

Length of programme

1 year

2 courses from:

markets, dealing with a huge variety of products, and focusing on

The MSc in Operations Research and Management Science (ORMS)

Study Mode

Full-time

• Advanced Marketing Research

marketing issues such as segmentation, pricing and advertising.

combines the fields of economics, mathematics and statistics to equip

Title

Master of Science (MSc) English

• Marketing Models

The programme is also an excellent basis for an academic career in

students with advanced tools for solving contemporary management

Language of Instruction

• Structural Equation Models

marketing.

problems.

Best preparatory bachelor’s Designed for students with a bachelor’s

A modern, interdisciplinary and pre-eminently applied field, students

Research or the equivalent

study and utilise a quantitative approach that includes the application

Language requirements

TOEFL 90-91 (internet-based), IELTS 6.5*

of relevant computer software.

Additional requirements

GRE (average score above 75%) *

Students acquire the ability to draw upon pertinent analytical methods,

Core courses Dynamic Capital Investment, Queueing

in Econometrics and Operations

• Theory-based Econometric Models in Marketing • Micro-Econometrics • Simulation 1 Elective from: • Survey Methodology

modelling techniques and knowledge within technology, engineering,

• Marketing Information Management

science, and management to solve both scientific and practical

problems – ensuring optimal decision-making in the face of the most

Career Prospects Outstanding career prospects with

Master’s Thesis

Models, Simulation and Stochastic

complex problems facing manufacturing and service sector

graduates qualified to pursue a career

organisations today. An internship provides the opportunity to put this

as management trainees, OR- specialists, quantitative logistics

knowledge into practice.

A huge demand exists today for students with theoretical and applied Prof.dr. Marnik Dekimpe is a professor of Marketing Models at Tilburg University.

“The course Marketing Models introduces students to state-of-the-art marketing models. We use these models to answer these questions – and help take the mystery out of marketing.”

34

Models

specialists, or a PhD track

Start

September 2011

knowledge of logistics, supply chain management, and quantitative methods.

More information: www.tilburguniversity.nl/masters/orms * If applicable

www.tilburguniversity.nl/masters/orms

35

Curriculum

Your Future Career

Core Courses

Career opportunities are outstanding. Our graduates pursue careers at

• Management Science

operations research consultancy firms, management or logistics

• Nonlinear and Robust Optimization

consultancy firms, and firms developing logistics software; and in

• Operations Research and Management Science in Practice

positions as management trainees, OR-specialists, quantitative logistics

• Simulation

specialists, and PhD students in Economics or Business.

Electives • Courses from the national network LNMB • Advanced Game Theory • Business Intelligence • Dynamic Real Investment • Economic Analysis of Accounting • Empirical Finance • Financial Models • Issues in Finance and Insurance • Micro-Econometrics • Market Assessment • Marketing Models • Panel Data Analysis of Micro-economic Decisions

Prof.dr.ir. Jalal Ashayeri is a professor of Supply Chain Management at Tilburg

• Pensions System Design

University.

• Physical Distribution Management

“This is a profession worthy of the twenty-first century. I highly recommend the ORMS master’s programme.

• Quantitative Models in Marketing

It is this expertise that can help managers turn general, even vague managerial-improvement ideas into con-

• Research & Design Methodology

crete plans and system specifications.”

• Other courses, approved by the examination committee Master’s Thesis

Ning Ma, China. Student MSc ORMS. “I can honestly say that almost every subject has exceeded my expectations in terms of content, level and quality. My classmates are friendly and the professors are knowledgeable, approachable, and above all, willing to help as much as they can.”

36

37

Quantitative Finance and Actuarial Science Investors use risk management to weigh risks against returns; insurers

Essentials

Curriculum

Your Future Career

to limit their risks by calculating the appropriate premiums; option

Name Quantitative Finance and Actuarial

A wide range of electives are available, including courses from the MSc

An internationally-recognised Master of Science in Quantitative Finance

traders to balance their books by calculating the sensitivities of their

Science

in Finance and the MSc in Economics and Finance of Ageing. At least

and Actuarial Science opens up expansive career opportunities.

positions with respect to the relevant risk factors.

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four core courses must be selected from the list below.

Graduates of our programme are pursuing successful careers in large

Length of programme

1 year

The MSc in Quantitative Finance and Actuarial Science takes risk

Study Mode

Full-time

management as its central theme using quantitative models as its basis.

Title

Master of Science (MSc)

• Dynamic Real Investment

of large companies, and as PhD students in Economics, Econometrics,

Taught by international scholars at the leading edge of their respective

Language of Instruction

English

• Empirical Finance

or Finance.

fields, content reflects the forefront of world developments in relation to

Best preparatory bachelor’s Designed for students with a bachelor’s

• Financial Models

financial institutions, pension funds, insurance companies, consultancy Core Courses

agencies, regulating institutions (central banks), treasury departments

in Econometrics and Operations

• Issues in Finance and Insurance

continuous time finance, empirical applications, and the actuarial

Research or the equivalent

• Pension System Design

sciences of risk theory and asset liability management.

Language requirements

TOEFL 90-91 (internet-based), IELTS 6.5*

Additional requirements

GRE (average score above 75%) *

the management of financial risks. Students delve into the topics of

For students looking to continue their studies in Actuarial Science and

Core courses Dynamic Real Investment, Empirical

acquire the title of Actuaris AG, the MSc in Quantitative Finance and Actuarial Science also enables direct access to this post-master’s

Electives • Microeconometrics

Finance, Financial Models, Issues in

• Panel Data Analysis of Microeconomic Decisions

Finance and Insurance, Pension System

• Non-linear and Robust Optimization

Design

• Simulation

professional education programme offered by the Dutch Actuarial

Institute.

Career Prospects Outstanding career prospects with

• Management Science

graduates qualified to pursue a career

• Operations Research and Management Science in Practice

as an analyst, researcher, consultant,

• Advanced Game Theory

actuary trader, or risk manager

• Other courses, approved by the examination committe

Start

September 2011

Other TiSEM electives (to be approved) Master’s Thesis

More information: www.tilburguniversity.nl/masters/qfas * If applicable

Prof.dr. Hans Schumacher is a professor of Mathematics, Coordinator MSc QFAS. “Training in modern portfolio management and risk control is offered at a very high technical level. Analytic as well as empirical aspects are covered. Finance and insurance is addressed in an integrated fashion reflecting the continuing integration of the two markets – just another way in which the programme is at the forefront of world developments.”

38

www.tilburguniversity.nl/masters/qfas

39

Strategic Management

Gain specialised knowledge in one of the most critical knowledge areas for organisations’ today.

Your Future Career

Curriculum

For those aspiring to a general management career or a career as a

Essentials

management consultant, the MSc Strategic Management programme

Name

Strategic Management

• Strategy Process and Decision Making

Strategic Management prepares you for a career that will include skills

represents a truly outstanding opportunity.

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• International Management

and knowledge to identify, analyse, and solve strategic issues that

Offering an integrated overview of strategic management from a firm-

Length of programme

1 year

• Strategic Management

various organizations face. Starting positions include internal or

level perspective, the programme covers corporate, competitive and

Study Mode

Full-time

functional strategy making.

Title

Master of Science (MSc)

Taught by some of the best academics in the field, students gain an

Language of Instruction

English

understanding of the critical strategies and managerial systems used by

Best preparatory bachelor’s Designed for students with a bachelor’s

companies and organisations operating in an international context,

external analyst or consultant, strategic planning associate, 1 Elective from:

management functions, or positions in new business development.

• Corporate Governance and Restructuring

Two major career paths are available for our graduates. The first is

• Corporate Valuation

consulting, either internally (advising the organisation you are employed

in Business Administration, International

• Management Control

by) or externally (advising clients of the organisation you are employed

while discovering the real drivers of business performance over the

Business or Business Studies

• Management of Knowledge and Innovation

by). Starting positions include strategic planning associate, business

long-term, and how to select and apply key solution-focused concepts,

Language requirements

TOEFL 90-91 (internet-based), IELTS 6.5*

• Research Methods in Strategy

analyst, and junior consultant.

tools and models to new and emerging strategic issues.

Additional requirements

GMAT (average score 600) *

• Corporate-Level Strategy

Strategic management is also an essential general management skill.

• Strategic Entrepreneurship

A second major career option is a management career, with starting

Core courses Strategic Management, Strategy

Process and Decision Making, Strategic Entrepreneurship, Corporate Level

Master’s Thesis

positions including a management trainee, (assistant) project manager, or member of a strategy or new business department.

Strategy, International Management

Career Prospects Outstanding career prospects with

graduates qualified to pursue careers in management consulting, business policy, new business development, or general

management

Start

September 2011

More information: www.tilburguniversity.nl/masters/sm * If applicable

Gabriela Nunes, Brazil. Alumnus of the MSc Strategic Management.

“I chose Tilburg University based on its reputation. I am now working at Statoil in Belgium as a trainee at the Indirect Tax Department. I prepare VAT returns for different countries within the EU. My plan is to build a career in a consulting company where I can handle international projects.”

Dr. Eric Dooms is academic director of the MSc in Strategic Management and MSc in Supply Chain Management.

“Anyone interested in strategic issues at a cross-disciplinary level should choose Strategic Management.

Students develop the knowledge to recognise and resolve strategic issues in a variety of contexts, while learning about implementation issues – which is just as critical.”

www.tilburguniversity.nl/masters/sm

41

Supply Chain Management

Become a sought-after specialist in the field of logistics and operations management.

Curriculum

Your Future Career

With the MSc in Supply Chain Management, you will be prepared to

Essentials

take advantage of the expansive opportunities presented by economic

Name

Supply Chain Management

• International Production Management

The demand for specialists in the field of supply chain management is

globalisation.

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• Logistics and Information

growing fast. Most of our alumni find careers in production companies

Length of programme

1 year

• Physical Distribution Management

or in the service industry very soon after graduation. Consultancy

As firms develop global operational networks, their purchasing,

Study Mode

Full-time

• Research & Design Methodology

agencies also seek out our graduates to offer expert advice in

production and distribution activities expand to various parts of the

Title

Master of Science (MSc)

• Purchasing Management

international supply chain management, while service operations is an

world. Effective management of this process and the vision to seize the

Language of Instruction

English

opportunities available requires expert knowledge – knowledge you will

Best preparatory bachelor’s Designed for students with a bachelor’s

be able to lay claim to with this outstanding degree qualification.

emerging area in terms of career opportunities, particularly in the health 1 Elective from:

in Business Administration,

• Marketing Channel Management

International Business, or Business

• Advanced Resource Planning

A central focus of the programme is on the execution of a company’s

Studies

• Elective

primary processes and its linkages with suppliers and distributors. You

Language requirements

TOEFL 90-91 (internet-based), IELTS 6.5*

will learn how the implementation of a successful business strategy

Additional requirements

GMAT (average score 600) *

requires a thorough understanding of how goods and services are

Core courses International Production Management,

Physical Distribution Management,

produced. How firms can develop global operational networks that

Purchasing Management, Research &

meet the challenges of, and take advantage of, global opportunities.

How to manage the supply of products and services to overcome

logistical problems – and optimise the management of the distribution

Career Prospects Excellent career prospects with

care sector.

1 Elective from: • Supply Chain Collaboration and Advanced Planning • Elective Master’s Thesis

Design Methodology graduates qualified to pursue positions

chain so that a company’s operations can optimally serve its customers.

as logistics engineers or supply chain consultants in various types of

organisations

Start

September 2011

More information: www.tilburguniversity.nl/masters/scm * If applicable

Prof.dr.ir. Bart Vos is a professor of Purchasing Management at Tilburg University.

“One of my papers focuses on the question of why are there so few highly-successful applications of the SCM concept in practice. We explored this question in a workshop with experienced practitioners, resulting in a list of enablers for turning negative, vicious cycles into virtuous, successful ones – insights that ultimately contribute to our understanding of what it takes to design and manage successful supply chains.”

42

www.tilburguniversity.nl/masters/scm

43

Graduate Programmes

Two outstanding graduate programmes in business or economics.

At Tilburg, you have the opportunity to pursue an in-depth academic programme that engages you in leading-edge research in either Economics or Business.

CentER One of the world’s pre-eminent research institutes

Interacting with world luminaries

Scholarship programme

As a graduate programme student you follow core methodological

CentER has its own scholarship programme for research master’s

courses, electives and topics courses – but you also attend lectures and

students. These scholarships are awarded on the basis of academic

Internationally-oriented and offering an academic environment

seminars by top scholars from all over the world. Global luminaries

merit and include a partial tuition fee waiver for non-EEA students.

CentER is the Tilburg School of Economics and Management’s research

comparable to the best in the world, CentER currently has more than

Michael Ignatieff, Robert F. Engle, John Roberts, Martin S. Feldstein,

Full scholarships consist of a net sum of € 1,000 per month

institute in the field of Economics and Business Administration.

100 PhD students and offers 60 research master’s positions every year.

Daniel Kahneman, Myron Scholes and Robert Merton have all visited

(Koopmans Scholarships), while partial scholarships consist of a net

our school to speak with our students. Learning takes place in very

sum of € 420 per month (CentER Scholarships).

Competing with the best universities in the world for both education and research, CentER offers two five-year graduate programme – a

150 faculty members divide their time between teaching courses in the

small groups facilitated by CentER faculty members and visiting

format comparable to the US system – that includes a two-year research

Tilburg School of Economics and Management and conducting

scholars, giving students the chance to intimately interact with and

For the 2010/2011 programme we awarded eleven Koopmans

master’s and three-year PhD programme, leading to a Doctor of

research within nine research groups: Econometrics, Macroeconomics,

connect with the best minds in the business.

scholarships and forty partial scholarships. All students admitted to the

Philosophy (PhD) qualification:

Microeconomics, Accounting, Information Management, Finance,

• The research master’s and PhD programme in Business

Marketing, Operations Research, and Organisation & Strategy.

• The research master’s and PhD programme in Economics

Global learning

World-class learning facilities

PhD programme receive a full tuition fee waiver and, as employees of Tilburg University, a starting salary of approximately € 2,000 (gross per

CentER has its own lab for experiments, the CentERlab – while

month) and employee status benefits including pension benefits.

CentERdata offers excellent facilities for data collection and

This salary increases yearly up to approximately € 2,600 (gross per

Both programmes involve you closely in the research activities of our

CentER attracts students from all parts of the world. Classes are around

experiments. State-of-the-art hardware, software and datasets are

month). For more Information on CentER please visit:

nine internationally-acclaimed research groups. You learn under the

eighty percent international: 31 different nationalities were represented

available at the library for all researchers. Research master’s students

www.center.nl/prospective-students

guidance of top academics who collaborate, and exchange insights with,

in last year’s research master’s. Students are encouraged to spend up to

have a dedicated room within CentER with workspaces and printing

the world’s foremost scholars. Our graduates are qualified for academic

a full-term at a top university abroad during the PhD phase of the

facilities. PhD students are allocated their own office, including a

positions at leading institutes anywhere in the world.

programme – our students have recently spent terms at Stanford,

computer and printing facilities.

Oxford, Columbia, Duke, New York University, YALE, UCLA and San “CentER has a very good reputation. One year of studying at CentER

Diego.

confirms that I have made a very good choice.” – Carlos Lourenço, PhD Marketing

44

www.center.nl/prospective-students

45

Research Master’s and PhD Programme in Business Preparing you for a research career at the top of your field.

The research master’s and PhD programme in Business consists of a

Essentials

two-year research master’s and a three-year PhD phase. During your

Name

Research Master’s & PhD in Business

master’s you acquire a broad basis in one of five tracks. Theoretical and

Croho

60908

technical knowledge within the field is developed as well as essential

Length of programme 5 years (2 years Research Master’s;

skills for conducting cutting-edge research. By the end of the year, you

3 years PhD)

will be capable of writing a paper for an international journal.

Study Mode

Full-time

Prof.dr. Xavier Martin is a professor of Strategy and International Business at Tilburg University: “This programme is nearly unmatched in Europe as preparation for a PhD and for a successful long-term academic career. It offers intensive intellectual interaction with fellow students and professors who are top-notch researchers, and who uphold intellectual standards consistent with the most outstanding graduate programmes in the world.”

Title Master of Science (MSc) and Doctor of

The PhD phase is your opportunity to apply what you learn during your

research master’s by conducting original research and formulating a

Education Learning focuses on lectures, seminars,

Philosophy (PhD)

dissertation under the supervision of a CentER faculty member. You

and workshops, while assessments are

gain substantive understanding and experience during this phase,

based on written exams, oral exams,

Research Master’s Programme

PhD Programme The PhD phase requires you to focus on your dissertation, while spending

including how to conduct quality research and powerful analytical skills

papers and dissertations

The research master’s is offered over two years and consists of 120

– in part thanks to the world-class scholars with whom you work.

Language of Instruction

English

credits (ECTS), the equivalent to 3360 hours of study. Each year consists

time developing effective teaching skills that meet the increasingly

Best preparatory bachelor’s Bachelor’s degree in Economics,

of two semesters of 30 ECTS each and includes methodological

high standards of excellence at universities and business schools. You

CentER’s graduate programme in business is respected worldwide,

courses, field courses and electives in one of five tracks. At least two of

develop these skills by teaching courses on the bachelor’s programmes.

ensuring you are qualified for a research position anywhere in the world.

Language requirements TOEFL 575 paper based, 232 computer

the three methodological courses must be followed. The field courses

The teaching load is less than 15%, leaving you time to focus on

based, 90 internet based, IELTS 6.5*

are mandatory and provide broad knowledge in one of five tracks:

research. As a PhD student, you also participate in seminars and

Additional requirements

GRE: 90% or higher on quantitative score

Accounting, Finance, Marketing, Operations Research and

professional (inter)national conferences, where you present papers

GMAT: 90% or higher on total score

Organisation & Strategy.

related to your research. Generous funding is provided for longer visits

A great deal of flexibility is offered. You can take field courses from

to excellent international schools.

Econometrics or Business

Tracks Accounting, Finance, Marketing,

Operations Research, Organisation

another track as an elective, and electives can be chosen from either

& Strategy

the CentER Graduate School, or our national or international network.

Your Future Career

Career Prospects Outstanding launch pad for an

For more information about the programme and the courses, visit

Our PhD graduates are capable of – and experienced in – conducting

international academic career

www.center.nl/prospective-students/programmes/business

quality independent research with a successful research record to prove

Start

September 2011

it. They are exceptionally well-prepared to enter the international job market. In recent years our graduates have found positions at top

More information: www.center.nl/prospective-students

universities including Columbia University, Texas A&M University, the University of Cambridge, the University of Chicago, and the University

* If applicable

46

www.center.nl/gs

of Toronto.

www.center.nl/prospective-students/programmes/business

47

Research Master’s and PhD Programme in Economics Research Master’s Programme

The teaching load is less than 15%, leaving you time to focus on

Research Master’s & PhD in Economics

The research master’s is offered over two years and consists of 120

research. As a PhD student, you also participate in seminars and

60909

credits (ECTS), the equivalent of 3360 hours of study. Each year is

professional (inter)national conferences, where you present papers

skills required to conduct cutting-edge research, courses are taught by

Length of programme 5 years (2 years Research Master’s;

divided into two semesters of 30 ECTS and requires you to follow

related to your research. Generous funding is provided for longer visits

internationally-renowned researchers belonging to the faculty of CentER,

3 years PhD)

compulsory courses in subjects such as Econometrics, Macroeconomics

to excellent international schools.

and visiting scholars selected from top universities abroad for their

Study Mode

Full-time

and Microeconomics, as well as optional courses. During your second

world-leading expertise in a particular area.

Title Master of Science (MSc) and Doctor of

year, you are encouraged to attend courses given in the NAKE network,

Your Future Career

and to write your thesis. For more information on the programme

Our PhD graduates are capable of – and experienced in – conducting

and the courses, please check the CentER Graduate School website:

quality independent research with a successful research record to prove

www.center.nl/prospective-students/programmes/economics

it. They are exceptionally well-prepared to enter the international job

The research master’s and PhD Programme in Economics consists of

Essentials

a two-year research master’s programme and a three-year PhD phase.

Name

Designed to build theoretical and technical knowledge and develop the

Croho

During the master’s phase, you will gain a solid basis in economic and

Philosophy (PhD)

Education Learning focuses on lectures, seminars,

econometric theory, a broad overview of applied fields, and specialised

and workshops, while assessments are

knowledge in fields of interest – as well as an understanding of how to

based on written exams, oral exams,

market. In recent years, our graduates have found positions at top

use the analytical and empirical tools frequently applied in economic

papers and dissertations

PhD Programme

research. The PhD phase is your opportunity to apply what you learn

Language of Instruction

English

The PhD phase requires you to focus on your dissertation, while

London School of Economics, the Oxford University Centre for Business

during your master’s by conducting independant research and

Best preparatory bachelor’s Bachelor’s degree in Economics,

spending time developing effective teaching skills that meet the

Taxation, and Santa Fe Institute.

formulating a dissertation under the supervision of a CentER faculty

increasingly high standards of excellence at universities and business

member.

Language requirements TOEFL 575 paper based, 232 computer

schools. You develop these skills by teaching courses on the bachelor’s

programmes.

Econometrics or Business based, 90 internet based, IELTS 6.5*

The programme offers an unbeatable opportunity for students

Additional requirements GRE (90% or higher on quantitative

interested in a future career in research. You learn alongside the finest

students from all over the world – highly motivated and qualified

Tracks Econometrics, Macroeconomics,

individuals who create an intensely stimulating intellectual

environment.

universities including Columbia University, Harvard University, the

section) Microeconomics

Career Prospects Outstanding launch pad for an

international academic career

Start

September 2011

More information: www.center.nl/prospective-students

Pedro Raposo, PhD in Economics student, Portugal.

“I chose Tilburg University for its top position in the European rankings especially in econometrics – and for the opportunity to work with professor Jan van Ours. I enjoy learning from top professors and having access to the latest research methods and themes. And I still manage to have time to enjoy the great facilities available at Tilburg.”

* If applicable Prof.dr. Eric van Damme is a professor of Economics, director of TILEC, and fellow of the European Economic Association (EEA).

“As our alumni show, a PhD from CentER is a ticket to the world. Students choose from a large set of courses and take advantage of the many seminars offered by CentER, TIBER and TILEC. CentER 48

programmes compete with the best worldwide.”

www.center.nl/prospective-students/programmes/economics

49

Admission and Application Ready to invest in your future? Here you will find everything you need to

Students looking to join the programme commencing in September

Application Deadlines

All other Master’s

know about our admissions requirements and how to apply. You can

2011 will need to apply before the deadlines specified in the information

Below are the application deadlines for the academic year 2011/2012,

Non-EEA member state* citizens requiring a visa

15 April 2011

also contact us at any time.

below. We encourage all students to apply as early as possible to ensure

commencing in September.

EEA member state* citizens

1 July 2011

they have enough time to arrange visas, accommodation or any other

Your completed application package must arrive at our offices before

Non-EEA member* state citizens with a permanent

practical matters.

the deadline in order for your application to be considered. We

residence permit in one of the EEA member states

recommend sending your application package by courier or registered

or not requiring a visa(3):

Detailed information can be found on the different application procedures for specific programmes and situations at the following sources: • Candidates applying for a research master’s or PhD programme: www.center.nl/prospective-students/application-admission

All applicants are expected to have a high-level of academic ability, including a recognised university degree and at least basic knowledge of

1 July 2011

post to avoid the loss or delay of your paperwork. * EEA countries: Australia, Belgium, Bulgaria, Cyprus, Czech

business or economics. Unsure of whether or not you meet our

Research Master’s and PhD

degree from Tilburg University or any Dutch University:

admissions requirements? We encourage you to apply – our Admissions

All applicants are advised to submit their application before the first

Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg,

www.tilburguniversity.nl/masters

Board may offer you the opportunity to participate in a one-year pre-

deadline of 1 February 2011 due to the limited number of places and

Malta, The Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland and The United Kingdom of Great

• Candidates applying for a master’s programme with a bachelor’s

• Candidates applying for a master’s programme with a bachelor’s

Republic,Denmark, Estonia, Finland, France, Germany, Greece, Hungary,

master’s programme that prepares you for direct admission into the

funding opportunities.

degree from a Dutch University of Applied sciences (hogeschool)

corresponding master’s programme.

Scholarship and PhD applications

1 February 2011

www.uvt.nl/premasters (in Dutch).

Tilburg University only accepts and assesses complete applications.

EEA and non-EEA member state citizens

1 April 2011

• Candidates applying for a master’s programme with a non-Dutch

Tilburg University reserves the right to decline any application.

Bachelor’s degree: www.tilburguniversity.nl/masters

Britain and Northern Ireland.

Non-EEA countries not requiring visa: Australia, Canada, Japan, Monaco, New Zealand, South Korea and USA.

All students have a sufficient level of English, Statistics and Our Admissions Board assesses every application on an individual

Mathematics in addition to other academic requirements in order to

basis. If your application is complete and includes all the necessary

participate in our English-taught master’s programmes.

documentation, the admissions procedure usually takes around four weeks.

50

Tilburg University does not charge an application fee.

www.center.nl/prospective-students/application-admission www.tilburguniversity.nl/masters

51

Tuition Fees

Come and Meet Us

Below are the tuition fees for each of our MSc programmes including

Visit us

the research master’s for the academic year 2010/2011. No tuition fees

Browse campus and the programmes Tilburg University has to offer on

apply for the PhD programme. These can be used as an indication of

the information Days on 25 November 2010 and 19 May 2011 where you

the tuition fees for the academic year 2011/2012:

can chat to faculty members, current students, and staff members in

EEA citizens

€ 1,672

detail about each of the programmes offered in this brochure.

Non-EEA citizens

€ 10,506

Talk with us

Tuition fee payments are non-refundable if a student leaves the

Get a feeling for studying at Tilburg University and give your opinion on

programme before graduation. If the programme is not completed

matters important to society. Talk of Tomorrow is an online discussion

within the year, students will need to register for a second year and pay

platform where you can meet other individuals that are involved in the

the tuition fees accordingly.

world, and discuss hot topics.

Students from EEA countries can make use of the “collegegeldkrediet”

Talk with us on www.talkoftomorrow.com

(tuition fee credit), offered by the Dutch government as a loan to cover tuition fees. More information is available at: www.ib-groep.nl.

Meet us in your city Tilburg University regularly visits schools and takes part in education fairs in the Netherlands and around the world. We could be in your area in the coming year – an opportunity for you to meet some of our current students and staff who can tell you more about our master’s programmes and student life at Tilburg. For more information visit our website: www.tilburguniversity.nl/masters/contact

52

www.tilburguniversity.nl/masters/contact

53

Contact us You are welcome to contact us directly. We are more than happy to help

2) Applicants to the master’s in Management and Economics

3) Applicants to the research master’s and PhD

Visiting Address

you with any queries you might have – whether it is about a particular

with a Dutch bachelor’s degree:

CentER Graduate Office

Tilburg University

master’s programme or any practical issue surrounding living or

Education Office

Tilburg School of Economics and Management

Warandelaan 2

studying in Tilburg or the Netherlands.

Tilburg School of Economics and Management

Tilburg University

5037 AB Tilburg

Tilburg University

Koopmans building, Room K217

1) Applicants to the master’s in Management and Economics

Koopmans building, Room K10

PO Box 90153

with a non-Dutch bachelor’s degree:

PO Box 90153

5000 LE Tilburg

International Student Services Office

5000 LE Tilburg

The Netherlands

Tilburg School of Economics and Management

The Netherlands

Tel: +31 13 466 31 02

Tilburg University

Tel: +31 13 466 3037

Fax: +31 13 466 30 66

Koopmans building, Room K08

Fax: +31 13 466 3072

E-mail: CentER-gs@uvt.nl

PO Box 90153

E-mail: TiSEM-owb@uvt.nl

Internet: www.center.nl/prospective-students

5000 LE Tilburg The Netherlands

Visiting Address

Tel: +31 13 466 8972

Tilburg University

Fax: +31 13 466 8988

Warandelaan 2

E-mail: infoTiSEM@uvt.nl

5037 AB Tilburg

Colophon This is a brochure of the Tilburg School of Economics and Management, Tilburg University.

This brochure was prepared with great care. However, Tilburg University reserves the right to change, without notice, any programmes, policies, requirements or regulations published in this brochure.

Editing

Carla Flühr, Rebecca Morris

Design

Scheepens reclame adviseurs, Tilburg

Photography

Gerrit Oude Sogtoen, Ton Toemen, Ed Lonnée,

Printing:

Prisma Print, Tilburg University

Stock Photography.

54

www.center.nl/prospective-students www.tilburguniversity.nl/masters

August 2010 55

Tilburg

Tilburg School of Economics and Management Address

PO Box 90153, 5000 LE Tilburg, The Netherlands

Telephone

+31 13 466 89 72

Fax

+31 13 466 89 88

E-mail

infoTiSEM@uvt.nl

www.tilburguniversity.nl/masters