Program Finance

The program consists of 60 Credits (ECTS), equivalent to 1680 hours of study, offered in four units:

  • Each unit ends with exams.
  • The first unit starts in September, with exams in October.
  • The second unit starts in October and has exams in December and January.
  • The third unit runs from February to April, with exams in April and May.
  • From April on, you will be able to focus on your Master's thesis.

Please find more information about the program and the tracks below



Curriculum 2016/2017

Curriculum MSc in Finance

Unit 1 – mandatory courses

  • Advanced Corporate Finance
  • Investment Analysis
  • Empirical Methods in Finance (semester course)

Unit 2 – elective courses (choose 2 out of 6)

  • Corporate Governance and Restructuring
  • Corporate Valuation
  • Derivative Securities and Risk Management
  • Financial Statement Analysis
  • Global Banking
  • The Economics and Finance of Pensions (semester course)

Unit 3 – elective courses (choose 2 out of 6)

  • Applied Corporate Finance
  • Corporate Financial Reporting
  • Fixed Income Analysis
  • Entrepreneurial Finance
  • Financial Analysis and Investor Behavior
  • Seminar Financial Economics

Unit 4

  • Master Thesis Finance

More information about the courses and program structure will become available in the Study guide.


CFA (Chartered Financial Analyst) Track

Tilburg University is program partner of the CFA Institute, the global association for investment professionals. This institute awards the prestigious Chartered Financial Analyst® (CFA) designation and offers a range of educational opportunities within the Master's program in Accounting and the Master's program in Finance. Within the Master's program in Finance it is possible to follow the CFA track. This implies that the courses within this track cover at least 70% of the CFA Program Candidate Body of Knowledge (CBOK).

Students within the CFA track will be exposed to the concepts and principles that investment professionals around the world have deemed integral to global practice. The CFA program partnership signals to you and the marketplace that our MSc is closely tied to professional practice, and that the courses within the track are an excellent preparation for the CFA exams. In addition, you receive CFA ethics training, you can participate in joint events with the Dutch CFA Society and you are eligible for a CFA level I exam scholarship.

Curriculum CFA track

Unit 1 – mandatory courses

  • Advanced Corporate Finance
  • Investment Analysis
  • Empirical Methods in Finance (semester course)

Unit 2

  • Financial Statement Analysis - mandatory
  • Choice 1 out of 2:
    Corporate Governance and Restructuring
    Derivative Securities and Risk Management

Unit 3 – elective courses (choose 2 out of 3)

  • Applied Corporate Finance
  • Fixed Income Analysis
  • Financial Analysis and Investor Behavior

Unit 4

  • Master Thesis Finance

More information about the courses and program structure will become available in the Study guide.


Pensions, Aging and Retirement (Netspar) Track

Coping with an aging population is one of the biggest challenges for the next decades, creating an urgent demand for professionals with the expertise to offer informed solutions. The track Pensions, Aging and Retirement within the Master's program in Finance will give you an in-depth insight in the many financial issues related to an aging society.

Topics of particular interest include asset allocation over the life cycle, risk management of pension funds, new long-term investment products, such as annuities and inflation-linked bonds, and longevity risk, amongst many others.

This track offers you a qualification that leads to a host of different career options in the public and private sector, thanks to the growing demand for specialists with in-depth knowledge of the financial issues pertaining to aging societies.

Curriculum Pensions, Aging and Retirement Track

Unit 1 – mandatory courses

  • Advanced Corporate Finance
  • Investment Analysis
  • Empirical Methods in Finance (semester course)

Unit 2 – mandatory and elective courses

  • The Economics and Finance of Pensions (semester course) - mandatory
  • Elective courses: choose 1 out of 5:
    Corporate Governance and Restructuring
    Corporate Valuation
    Derivative Securities and Risk Management
    Financial Statement Analysis
    Global Banking

Unit 3 – mandatory courses

  • Fixed Income Analysis
  • Financial Analysis and Investor Behavior

Unit 4

  • Master Thesis Finance

More information about the courses and program structure will become available in the Study guide.



Marco Da Rin

Prof. dr. Marco Da Rin, Associate Professor of Finance

"The research-based learning method makes the Master in Finance a unique opportunity in the Benelux area."

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