Assessing information for informed decisions Controllers gather, prepare, interpret and assess information, which puts them in a good position to advise managers about the decisions they should make. If you are interested in the people side of the numbers, then Controlling could be for you – it focuses specifically on management control rather than audit, assurance or accountancy.
Performance assessment techniques Controllers use performance-assessment and costing techniques in order to make the best business decisions. Some of these types of situations might include:
• interpreting information relating to profitability • analysing the success of product A vs. product B • assessing employee performance within an organisation • determining whether a merger or acquisition is viable
Controlling is a 1-year, full-time programme and is taught entirely in English. Graduates will a master's degree in International Business with a specialisation in Controlling.
Being a Controller means having an overview of a business situation: on the one hand, they understand the accounts; on the other, they have a grasp on the managerial side of the business. Controllers bridge the gap between management and accounting, which means they make excellent decision makers in businesses.
What will you learn? Your education will focus on management and internal control, but it will also give you an overview of financial accounting principles. The opportunity to choose electives will allow you to tailor your master’s programme to your own interests.
At the end of the track, you will be able to:
• design management control instruments – such as scorecards, managerial incentives, budgets, and so on – to implement strategies, assess their effectiveness and report on this • design and improve internal reporting systems • help management to improve their decisions – relating to pricing and mergers & acquisitions
Electives for Track Controlling The section ‘Programme structure’ includes all MSc International Business electives courses. However, in the 2010-2011 academic year, MSc International Business track Controlling students’ choices are limited to electives from the disciplines Finance, Organisation, Strategy or Information Management as listed below.
Period 1 - Cases in Management Information Systems - Corporate Governance and Restructuring - Organizational Change and Consultancy - Financial Research Methods - International Business Research
Period 2 - Corporate and Venture Finance - Data Management - Managing Organizational Learning
Period 4 - Behavioural Finance - IT project management - Leadership - Financial Research Methods - International Business Research
Period 5 - Managing IT in a Global Environment - Managers @ Work - Risk Management
Representatives from companies like Beiersdorf and Medtronic will be actively involved in your master’s programme. You can expect them to help you with case studies, company projects and so on – some students even go on to do internships via connections they’ve made with people working in the field.
After graduating in Controlling, you can take either a Dutch post-graduate programme or an international post-graduate programme that both focus on qualifying you to become a Chartered Controller. You can obtain this qualification by attending a part-time programme whilst working in the field.
Graduates have found positions in:
- controlling departments, as controllers, finance managers and eventually finance directors (CFOs) in multinationals such as Beiersdorf, Philips, Unilever, and Shell - general management in any major firm – decisions makers such as CEOs and CFOs often have a background in controlling - consulting firms - in-house consulting departments within companies