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Understanding today’s global economic and business landscape requires insights from both economics and business studies. Therefore the specialisation International Business (IB) combines both fields of study, focusing specifically on their relevance for firms that operate in an international environment.
In this specialisation, you can opt for a Master’s in Business Administration or a Master’s in Economics. The difference lies in the focus of the studies:
In this specialisation, you will be offered a strategic perspective on ways of gaining a competitive advantage in the global marketplace that aim to create both economic and social value. This suggests adopting a balanced outlook on relations
Read more about this course
1. Completed Bachelor's degree in Economics or Business from an academic research university.
2. A proficiency in English (Non-native speakers of English* without a Dutch Bachelor's degree or VWO diploma need one of the following):
a. A TOEFL score of ≥90, with subscores not lower than 18
b. A IELTS score of ≥6.5, with subscores not lower than 6.0
c. Cambridge Certificate of Advanced English (CAE) or Certificate of Proficiency in English (CPE) with a mark of C or higher
3. GMAT and/or letter of motivation
€2,168 (from EEA countries); €16,000 (from non-EEA countries).
Fees & funding
Start dates & study options
International Business incorporates some economics as an interesting addition to my previous study. Compared to the bachelor of applied science, doing a master’s study requires a different understanding, more theoretical and scientific. However, lecturers are trying hard to include some practical examples/assignments. The challenge for me really was methodology. But with a lot of practice it is doable.
The interaction with lecturers and students really achieves a next level. The pre-master study was with so many people. Especially with the IB specialisation, the group is much smaller and there is more interaction. This really creates a positive and motivating vibe, as there are more discussions and willingness to interact.
The most challenging was the workload at the second half of the year. Three exams, of which one is methodology, and starting the master thesis really requires a lot of us. But as my supervisor told me: “Take the bull by its horns and have confidence”. So that’s all you got to do, accept the challenge and work hard. It will pay off!
The thesis I am writing is about innovation in emerging markets. Many SMEs originating from these countries are not capable of innovating due to lack of resources and a constraining institutional environment. Nevertheless, it is important to understand the drivers of innovation of those SMEs that were able to innovate. In the end, SMEs are the backbone of the economy and to survive challenging environmente they need to innovate. So, what I basically look at is which resources internal to the firm (such as: human capital and experience) drive innovation. In addition, I also analyse how cooperation with others strengthens this relationship and how the poorly developed institutional environment constraints it.
In addition to learning about topics related to international business, you develop a work ethic from which you can benefit in your future career. Receiving this degree isn’t easy, you have to work hard but along the way you benefit so much. You develop your theoretical knowledge, but you also develop personally. I will use this in my job at Dell, which I recently accepted while I am still studying. At such a company, a multinational, having IB as a specialisation is a great fit as I learned about a lot of different aspects regarding doing business internationally.
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