| Course Level: | Master's | |
|---|---|---|
| Course Duration: | 2 Years | |
| Course Language: | English | |
| Required Degree | 4 Year Bachelor’s Degree | |
| Course Level: | Bachelor's | |
|---|---|---|
| Course Duration: | 4 Years | |
| Course Language: | English | |
| Required Degree | Class 12th | |
The school was established in 1913, making it one of the oldest institutions for economic education in the Netherlands. It has a rich history of contributing significantly to the field of economics, both in academic research and in educating future economists.
Erasmus School of Economics offers a range of undergraduate and graduate programs including:
Bachelor’s Degrees in Economics and Business Economics, Econometrics and Operations Research, and a double degree in Economics and Law.
Master’s Degrees covering specialties such as Health Economics, Urban, Port and Transport Economics, International Economics, and Financial Economics among others.
PhD Programs where students engage in in-depth research, supported by experienced supervisors.
The school is known for its active research community. It houses several prominent research institutes, including:
The Tinbergen Institute, a collaboration with the University of Amsterdam and VU University Amsterdam for research in economics and finance.
ERIM (Erasmus Research Institute of Management), in partnership with the Rotterdam School of Management, focuses on conducting high-quality research in management and business research.
Erasmus School of Economics consistently ranks among the top economics schools worldwide, particularly noted for its econometrics program. It is recognized for its academic rigor and the employability of its graduates.
The school is part of the larger Erasmus University campus, which offers a vibrant, multicultural environment for students. There are numerous student organizations and clubs, providing ample opportunities for networking, personal development, and entertainment.
It has a notable list of alumni who have excelled in various fields such as academics, government, and business, contributing significantly to both national and international arenas.
Bachelor in Economics and Business Economics:
This program offers a comprehensive understanding of economic theories, economic policies, and business strategies. Students can specialize in various tracks such as General Economics, Business Economics, or Policy Economics.
Bachelor in Econometrics and Operations Research:
Focused on quantitative analysis, this program trains students in using mathematical and statistical methods to solve economic and business problems. It includes specializations like Quantitative Logistics, Quantitative Finance, and Actuarial Sciences.
Bachelor in Economics and Law (Double Degree):
This dual degree program combines economics with a thorough understanding of Dutch law, preparing students for roles that require expertise in both fields.
The Erasmus School of Economics offers a wide array of specialized master's programs, designed to deepen knowledge and skills in specific areas of economics:
MSc in Economics and Business:
This program has several specializations such as:
Behavioural Economics: Focuses on the psychological aspects influencing economic decisions.
Policy Economics: Prepares students for policy-making roles by teaching them how to analyze and design effective policies.
Marketing: Combines economic principles with marketing strategies.
MSc in Financial Economics:
Covers areas like asset pricing, corporate finance, and risk management, preparing students for careers in finance.
MSc in International Economics:
Students learn about global economic dynamics, international trade, and policy, equipping them for careers in international organizations or global firms.
MSc in Health Economics:
Focuses on the economic aspects of health care systems and public health policies.
MSc in Urban, Port, and Transport Economics:
Concentrates on the economics of urban areas, ports, and transport systems, crucial for understanding and improving city infrastructures and logistics.
MSc in Econometrics and Management Science:
Highly quantitative, this program offers specializations like Quantitative Finance and Business Analytics & Quantitative Marketing.
Erasmus School of Economics also offers a PhD program where candidates engage in high-level research under the guidance of experienced mentors, contributing new insights to the field of economics. The PhD track often involves collaboration with institutions like the Tinbergen Institute.
Program Name |
Duration |
Tuition Fees Per Year (USD) |
|---|---|---|
|
BSc in Economics and Business Economics |
3 years |
$10,000 - $12,000 |
|
BSc in Econometrics and Operations Research |
3 years |
$10,000 - $12,000 |
|
BSc in Economics and Business Economics (International Bachelor) |
3 years |
$10,000 - $12,000 |
|
BSc in Data Science and Artificial Intelligence |
3 years |
$10,000 - $12,000 |
Program Name |
Duration |
Tuition Fees Per Year (USD) |
|---|---|---|
|
MSc in Economics and Business |
1 year |
$16,000 - $20,000 |
|
MSc in Econometrics and Management Science |
1 year |
$16,000 - $20,000 |
|
MSc in Economics and Business - Specialisation in Behavioural Economics |
1 year |
$16,000 - $20,000 |
|
MSc in Economics and Business - Specialisation in Financial Economics |
1 year |
$16,000 - $20,000 |
|
MSc in Economics and Business - Specialisation in Health Economics |
1 year |
$16,000 - $20,000 |
|
MSc in Economics and Business - Specialisation in International Economics |
1 year |
$16,000 - $20,000 |
|
MSc in Economics and Business - Specialisation in Policy Economics |
1 year |
$16,000 - $20,000 |
|
MSc in Economics and Business - Specialisation in Public Economics |
1 year |
$16,000 - $20,000 |
|
MSc in Economics and Business - Specialisation in Real Estate Economics |
1 year |
$16,000 - $20,000 |
|
MSc in Economics and Business - Specialisation in Urban, Port and Transport Economics |
1 year |
$16,000 - $20,000 |
|
MSc in Economics and Business - Specialisation in Marketing |
1 year |
$16,000 - $20,000 |
Program Name |
Duration |
Tuition Fees Per Year (USD) |
Additional Notes |
|---|---|---|---|
|
PhD in Economics |
4 years |
No tuition, salary provided |
Includes benefits like health insurance |
|
PhD in Econometrics |
4 years |
No tuition, salary provided |
Candidates often receive a research budget |
|
PhD in Business and Economics |
4 years |
No tuition, salary provided |
Salary approx $30,000 - $35,000 annually |
Bachelor’s Programs: These include Economics and Business Economics, Econometrics and Operations Research, and International Bachelor Economics and Business Economics.
Master’s Programs: The school offers a variety of specializations including Behavioural Economics, Financial Economics, Health Economics, International Economics, and more.
PhD Programs: As an employee of the university, PhD candidates receive a salary and do not pay tuition, focusing on their research in various economic fields.
Most undergraduate and all graduate programs are taught in English, catering to a broad international student body.
Orientation: Erasmus University organizes an orientation program specifically designed for international students to help them adjust to life in the Netherlands and the university.
Housing: Assistance is provided to find accommodation, although students are advised to start searching early due to high demand.
Visa and Immigration Services: The university offers support with visa applications and registration with local municipalities.
Career Services: To aid with job placement after graduation, the school provides career advice, workshops, and networking events.
Student Organizations: Numerous student organizations and clubs are active, including those specifically for international students which help in networking and socializing.
Tuition Fees: These vary based on the level of study and student nationality (EU/Non-EU). Bachelor's programs for non-EU students cost approximately $10,000 - $12,000 USD per year, and master's programs about $16,000 - $20,000 USD per year.
Living Expenses: Estimated living expenses in Rotterdam can range from $1,000 to $1,500 USD per month, covering housing, food, transportation, and personal expenses.
Erasmus School of Economics is located in Rotterdam, known for its modern architecture and vibrant cultural scene. It is the second-largest city in the Netherlands and has a significant international community.
Choose Your Program: First, identify the bachelor's program that you wish to apply for, such as Economics and Business Economics or Econometrics and Operations Research.
Check the Requirements: Verify the specific admission requirements, which typically include:
Secondary school diploma equivalent to the Dutch VWO diploma
Proof of proficiency in English (TOEFL, IELTS, or similar)
Mathematics requirement, often with specific prerequisites in math
Application: Submit your application through the Studielink platform, followed by the Erasmus University’s online application system. You may need to provide:
Personal details
Educational background
Motivation letter
Curriculum Vitae (CV)
Reference letters (if applicable)
Evaluation: The admissions office evaluates applications based on academic performance, motivation, and the fit with the program.
Decision: You will receive an admission decision via email.
Acceptance and Visa: If admitted, follow the instructions for accepting the offer, and, if applicable, begin the visa application process with the support of the university.
Select a Program: Determine which Master’s program you want to apply to.
Entry Requirements: These include:
A relevant Bachelor's degree
English proficiency test scores
GMAT/GRE scores for some programs
Specific courses or GPA requirements
Application Submission: Apply online through the university's application portal, including all required documentation:
Academic transcripts
Statement of purpose
CV
Reference letters
Interview: Some programs may require an interview as part of the application process.
Admission Decision: Receive your admission decision via email.
Enrollment and Visa: Accept your offer if applicable and proceed with enrollment and visa arrangements.
Find a PhD Position: PhD positions are usually advertised as job vacancies. You need to find a position that matches your research interests.
Application: Apply directly to the advertised position, submitting required documents such as:
Detailed CV
Research proposal
Academic transcripts and diplomas
References or recommendation letters
Interview: If your application is successful, you will be invited for an interview.
Offer and Acceptance: If selected, you will receive an offer to join as a PhD candidate.
Start Your PhD: Begin your research project once all formalities are completed.
The main intake for Bachelor's programs is in the fall, with the academic year starting in September. There is generally no spring intake for these programs.
1. Educational Background: Applicants must have a secondary school diploma that is equivalent to the Dutch pre-university diploma (VWO). This often includes international baccalaureate, A-levels, or similar qualifications.
2. Mathematics Proficiency: A strong background in mathematics is required, as evidenced by high school transcripts.
3. English Language Proficiency: Non-native English speakers must demonstrate proficiency through standardized tests like TOEFL (minimum score of about 90 on the iBT), IELTS (minimum score of 6.5), or Cambridge Assessment English.
4. Specific Course Requirements: Some programs may require specific high school courses or grades, particularly in mathematics and economics.
Master’s programs typically have one major intake per year in September. Some programs may offer an additional intake in February, but this varies by specific program and department.
1. Academic Requirements: Applicants must hold a Bachelor's degree in a relevant field. The degree should demonstrate a strong foundation in economics and quantitative methods.
2. GPA Requirements: Some programs may specify a minimum GPA.
3. GMAT/GRE: For many economics and business-related Master’s programs, a GMAT or GRE score is required. Specific score requirements can vary by program.
4. English Language Proficiency: As with undergraduate programs, proficiency in English must be demonstrated through TOEFL, IELTS, or Cambridge English scores.
5. Motivation and References: A motivation letter and letters of recommendation can be crucial, especially for competitive programs.
Ranking Institution |
Subject Ranking for Economics & Econometrics |
|---|---|
|
QS World University Rankings |
Top 50 globally |
|
US News & World Report |
Top 100 globally |
Scholarship Name |
Eligibility Criteria |
Amount/Support |
Application Process |
|---|---|---|---|
|
Erasmus University Holland Scholarship |
Non-EEA students, Bachelor’s and Master’s candidates |
Up to €5,000 or €10,000 for the first year |
Application through the university’s portal |
|
Erasmus School of Economics Waiver |
Excellent incoming Master’s students |
Partial tuition waiver |
Automatic consideration with application |
|
Rotterdam School of Management Scholarships |
Specific to some economics-related Master’s programs |
Partial to full tuition |
Application through specific program |
|
Excellence Scholarship |
Outstanding non-EEA Master’s students |
Full tuition plus living stipend |
Separate scholarship application required |
|
Holland Scholarship |
Non-EEA students entering a Bachelor’s or Master’s |
€5,000 first year only |
Application through the university |
Facility Type |
Description |
Cost of Accommodation |
|---|---|---|
|
On-Campus Housing |
Limited availability; primarily for international students |
Approximately $600 - $1,000 USD per month |
|
Off-Campus Housing |
University partners with housing agencies to offer rooms in the city |
Approximately $500 - $900 USD per month |
|
Private Market Rentals |
Students can find their own accommodation in the private rental market |
Approximately $800 - $1,500 USD per month |
Rigorous Studies: The Erasmus School of Economics is known for its demanding academic standards, providing students with a solid foundation in economics and econometrics through lectures, seminars, and hands-on projects.
International Perspective: With a large percentage of international students, the academic environment is highly global, exposing students to diverse perspectives and ideas.
Student Organizations: There are numerous student organizations and societies at Erasmus University that cater to a wide range of interests, including economics, finance, sports, cultural activities, and more.
Events and Workshops: The university and its various clubs regularly host guest lectures, workshops, career fairs, and networking events that are beneficial for professional growth and social networking.
City Life: Rotterdam is a bustling, modern city known for its architecture, cultural diversity, and vibrant nightlife. Students can explore various museums, theaters, restaurants, and bars.
Travel Opportunities: Rotterdam’s location in Europe makes it an excellent base for students wishing to travel. It’s well-connected by train and plane to other major European cities.
Career Services: The Erasmus School of Economics offers robust career support services, including career counseling, resume workshops, interview preparation, and internship opportunities with global companies.
Health and Well-being: Psychological services, health care, and sports facilities are readily available to all students to ensure a balanced lifestyle.
International Student Support: Dedicated support for international students is available, helping with everything from housing to visa queries and integrating into Dutch culture.
Accommodation: The university assists with housing, offering options both on-campus and off-campus. While finding housing can be challenging due to high demand, the university provides resources to help students.
Student Union and Councils: These bodies give students a voice in university affairs, offering a chance to influence school policies and the quality of academic and campus services.
Green Campus: Erasmus University is committed to sustainability, with initiatives aimed at reducing environmental impact, promoting sustainable practices among students and staff, and integrating sustainability into its curriculum.
Erasmus School of Economics offers various services to help students secure employment after graduation, including:
1. Career Services: The university provides a dedicated career services center that helps students with CV writing, interview preparation, and job search strategies. They also organize workshops, career fairs, and networking events with potential employers.
2. Internship and Job Portals: The school has connections with numerous companies and organizations, providing students access to exclusive job and internship opportunities through online portals.
3. Alumni Network: The extensive alumni network allows current students and recent graduates to connect with alumni for mentorship, advice, and potential job opportunities.
4. Corporate Partnerships: Erasmus has partnerships with leading firms in finance, consulting, and other industries, facilitating smoother transitions for students from academia to industry.
While specific placement statistics for Erasmus School of Economics can vary by year and program, the school generally reports high employment rates for its graduates. Students often secure positions in:
Consulting: Firms like McKinsey, BCG, and Bain often recruit from Erasmus due to its strong emphasis on analytical and quantitative skills.
Finance: Graduates find roles in banks, investment firms, and financial institutions. Companies such as Goldman Sachs, JP Morgan, and local firms like ABN AMRO are popular destinations.
Academia and Research: A significant number of graduates pursue PhDs or find employment in research institutions and think tanks.
Public Sector: International organizations and governmental bodies also attract graduates, especially in roles related to economic policy and analysis.
Bachelor's Programs: The Bachelor’s programs at Erasmus School of Economics, such as the BSc in Economics and Business Economics or the BSc in Econometrics and Operations Research, can be quite competitive. Admission to these programs usually requires good grades in relevant subjects, particularly in mathematics. The programs are popular among both Dutch and international students, which can make the admission process competitive.
Master's Programs: Master’s programs may have varying levels of selectivity depending on the specialization. Programs like the MSc in Economics and Business are highly sought after and attract a large number of applications from international students. Admission requirements typically include a relevant Bachelor's degree with good grades, letters of recommendation, a statement of purpose, and sometimes GRE or GMAT scores.
PhD Programs: These are highly competitive, with a limited number of positions available each year. Candidates are usually expected to have an excellent academic record, strong recommendation letters, and a significant alignment of their research interests with those of the faculty.
City: Rotterdam is the second-largest city in the Netherlands and is known for its modern architecture, vibrant cultural life, and important role as one of the largest ports in the world. The city offers a dynamic environment for students, with numerous cultural, social, and professional opportunities.
Campus Environment: The Woudestein campus is characterized by a mix of modern and traditional architecture and is equipped with state-of-the-art facilities. It provides a comprehensive academic environment with libraries, study spaces, and technological resources.
Facilities and Services: The campus offers a wide range of facilities and services, including:
A sports center with facilities for various sports and fitness activities.
Multiple cafes and restaurants catering to diverse tastes.
Student housing areas nearby, although securing university housing can be competitive.
Conference centers and event spaces that host both academic and professional gatherings.
Accessibility: The campus is well-connected to various parts of Rotterdam and other cities in the Netherlands. It can be easily accessed by public transportation:
Trams and buses stop directly at the campus, making it convenient for daily commutes.
The Rotterdam Centraal station, a major railway hub, is about 15 minutes away by public transport, providing easy access to other Dutch cities and international destinations.
Surrounding Area: The area around the campus is primarily residential and academic, with several amenities for students. Additionally, Rotterdam’s city center, known for its shopping, dining, and entertainment options, is just a short ride away.
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