Full-time MBA

MBA Degree
Start Date
25 September 2017
1 year


logo-best-masters-2014-2015The full-time residential MBA provides state-of-the-art management education to managers and mid-career professionals from all over the world. This full-time, residential program has been developed for managers and entrepreneurs with at least three years of postgraduate work experience, and who have a passion for the challenges of managing and leading organizations in a multicultural, global context. The program combines the latest management thinking with practice and applied research, with an emphasis on leading and managing in multicultural settings.

A unique distinguishing feature of the program is its focus on understanding and anticipating how the societal context within which organizations function will determine their success or failure.  The economic rise of emerging and developing economies and their demographics, the threats and opportunities of climate change, corporate social responsibility, and the role of business in social inclusiveness are examples of these societal contexts.  This program thus offers participants the opportunity to develop a deeper understanding of these environments and trends and their relationship with the advanced economies.

The full-time residential MBA is ranked #2 in the Netherlands according Eduniversal’s Best Masters ranking, internationally accredited by NVAO, ACBSP, IACBE and AMBA.

It is the only MBA in Maastricht that is accredited by the Dutch-Flemish Accreditation Agency (NVAO) and hence fully recognized by the Dutch government.

The full-time MBA draws on MSM’s 60-year experience in management and business education. MSM was one of the three nominees for the Nuffic Orange Carpet Award in 2014, in recognition for its contribution to the internationalization of higher education in the Netherlands. And MSM was shortlisted for the Association of MBA’s innovation award in 2014 and 2016.

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Why choose the full-time residential MBA?

Invest in your future
The one-year full-time, residential MBA prepares you to take up leading and challenging positions in the private or public sector, or to successfully start your own entrepreneurial venture.

Career and Personal Development Track
Often, the main reason to pursue an MBA is career-related. Participants choose to apply for an MBA to fast-track their career, change their career, manage their own company, improve their current management position or to become a manager. At MSM we recognize the importance of our Career Services, and we have created an optional Career and Personal Development Track (CPDT) to help our students achieve their goals. The CPDT aims at providing you with the tools necessary to help you find a job upon completion of your MBA degree at MSM. Throughout the year, you will train your soft-skills and prepare yourself for a successfull career. Personal development training is also integrated n some of the course of the curriculum.

Develop your global leadership skills
Global and mullogo GBSNticultural leadership skills are vital assets for today’s managers. Joining The full-time MBA class will challenge you to develop your management skills in a diverse, international and multicultural environment. The more than two dozen nationalities represented in a typical class of the full-time, residential format of the full-time MBA creates a stimulating learning environment inside and outside the classroom. This will help you develop your global and multicultural leadership skills and expand your global network. Maastricht’s proximity to other major European countries and MSM’s global network of partner institutions, including partnership of the Global Business School Network (GBSN) only add to our attractiveness as an international management school.

Be responsible
MSM subscribes to high ethical standards in business and strongly promotes corporate social responsibility (CSR) and sustainable development. We subscribe to the Principles for Responsible Management Education (PRME). With CSR and business ethics constituting an integral part of the MBA curriculum, you will be trained to become a responsible and effective manager.

Get access to our broad business network
Pursuing an MBA degree is not only about management thinking and case studies. Our strong links to the business community will give you exposure to the best companies and organizations in the region. This is facilitated through;

  • the international management mentorship program, a platform that links our talented, experienced and diverse group of MBA students to representatives of the local and regional business community;
  • the MBA Business Colloquium, featuring guest lectures by representatives of the business community on a subject directly linked to the MBA course topic;
  • work visits to regional companies and organizations.

Customize your MBA   
You can choose from four different specializations: Entrepreneurship in Emerging Markets, International Business and Sustainable Development, Accounting and Finance,Public Sector Management, and the Digital Economy.

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The one-year full-time 70 ECTS* MBA program consists of eight modular lecturer sessions and the completion of a final project, being either an academic research paper, business consultancy project or business plan.

Phase Course Educational hours** ECTS
Understanding Finance Finance 84 3
Entrepreneurship 84 3
Developing a
Business Plan
Accounting for Managers 84 3
Digital Transformation 84 3
Business research Tools Research Methods 84 3
Decision-Making Tools 84 3
Creating Value Marketing in a Global Context 84 3
Global Supply Chain Management 84 3
Strategic Orientation Economics for Managers 84 3
Global Corporate Strategy 84 3
Changing World Leadership & Organizational Behavior 84 3
Change Management 84 3
Global Responsibility Managing Cultural Diversity 84 3
Corporate Responsibility and Ethics 84 3
Specialization Entrepeneurship in Emerging Markets 84 9
International Business and Sustainable Development 84 9
Accounting and Finance 84 9
Public Sector Management 84 9
Digital Economy 84 9
Final paper Academic  Research Paper / Business Consultancy Project / Business Plan, including presentation 448 16
Total 1960 hours 70 ECTS

Innovation Management module at RWTH Aachen University

One of the courses in the specialization theme of your choice will be a so-called Chief‹s Certificate Program on Innovation Management, offered in cooperation with RWTH Aachen University in Germany. This innovative one-week specialization course takes place at our partner university in Germany. It was developed for, and successfully implemented by, top German executives. Upon completion of the course, you will receive a German Executive Education Certificate. The topics of the Chief‹s Certificate Program vary from year to year depending on the needs of the market and the interest of our MBA students.

After completing a week long module at our partner in RWTH Aachen University, Germany, in the Spring, the specialization phase takes place in July during an intense two-week period. You can choose only one specialization, either from the MSM full-time MBA specialization offer as mentioned in the curriculum table or one of the other specializations offered at participating academic partners.

MSM offers five specializations within the full-time residential MBA. Students may choose between (1) Entrepreneurship in Emerging Markets, (2) International Business and Sustainable Development, (3) Accounting and Finance, (4) Public Sector Management, and (5) Digital Economy. Each specialization is made up of five compulsory courses. However, in the final course, students from all the different specializations will be reunited to work on an integrative consultancy project that allows them to combine their specialist skills to examine issues in the areas of Food Security, Gender, Water Management and Environmental Management.
The specialization topics are always subject to change.

1: Entrepreneurship in Emerging Markets
The MBA specialization in Entrepreneurship in Emerging Markets is designed for managers who thrive on high return, fleeting dynamic markets that lead to complex innovative management challenges. This specialization offers courses on Entrepreneurship in Comparative Context, Developing Viable Business Models, Designing and Scaling your Business.
After having followed the specialization in Entrepreneurship in Emerging Markets you will understand the issues facing emerging economies and be able to recognize new business opportunities.  You will be able to develop effective and profitable strategies that have both commercial and social benefits.

2: International Business and Sustainable Development
The MBA specialization International Business and Sustainable Development explores business issues facing international managers working both in developing and emerging economies. The specialization offers courses on the Sustainability in the Global Economy, Green and Inclusive Innovation, Fair Trade and Global Value Chains.
Upon completion you will have the skills to manage in a global business environment. You will not only develop an insight into the challenges facing the contemporary international organization, but will also understand the challenges and opportunities in emerging markets.

3: Accounting and finance
The Accounting and Finance specialization focuses on contemporary theoretical and practical issues in the fields of accounting and finance. The specialization offers courses in Finance in International Markets, Financial Accounting and Reporting, Strategic Management Accounting. Upon completion you will have the financial and accounting skills to be an effective manager. You will understand the link between strategy and a company’s financials. You will be able to work in an international financial environment, as well as being able to adapt your skills to the needs of emerging markets.

4: Public Sector Management
The MBA specialization in Public Sector Management provides you with a conceptual and analytic foundation for economic policy making and managerial decision-making in emerging markets. The specialization offers courses in Economic Policy and Implementation, Public Finance and Budgeting, International Trade and Financial System. You will obtain the management skills necessary for leadership positions in public and private organizations, NGO’s and for private businesses. You will understand the needs of the public-private relationship and are able to develop effective win-win strategies, particularly in emerging economies.

5: Digital Economy
The Digital Economy MBA specialization prepares you as a modern manager to deal with the new challenges of the current digital economy. The specialization offers courses in Online Retail helping you to drive the performance of your web shop; Big Data and Business Analytics learning you where to find data, how to transform it and how to use it in the decision-making process; Cybersecurity which will provide you with the knowledge to anticipate, deter, detect and resist cyber-attacks on digital assets and activities; Industry 4.0 which looks into how business is being affected by automation and the use of robots in production processes, cyber-physical systems, the internet of things and cloud computing.

The integration component takes place at different stages throughout the program and starts with the course Managing Cultural Diversity. Apart from this course the integration phase consists of workshops in which you will work closely together with your fellow students from the part-time executive MBA, who have predominantly a European background. You will participate in three workshops. During these workshops you will discuss topics such as Corporate Social Responsibilities (CSR), leadership, ethics, the market and the state, and how to deal with constrained resources, change and innovation. In these sessions, you will learn from the cultural and professional experiences of your fellow participants, and acquire a deeper insight into the challenges and opportunities of today’s global business arena.

You will complete your MBA by writing a master’s thesis that aligns with your specialization, documenting how you apply your academic knowledge gained during the program. You will be supervised by an academic advisor. You will present the conclusions and recommendations of your thesis on campus in front of a jury of academics.




Admission requirements
The main prerequisite for admission to the full-time residential MBA is a sound academic and professional background. You must hold at least a Bachelors degree from a recognized university. You should also have at least three or more years of relevant working experience, obtained after your bachelor’s degree.

Four online leveling courses (Accounting, Finance, Statistics and Economics) are required to be satisfactorily completed after admission to the program, but prior to the start of the program. Alternatively, if you have completed the GMAT (Graduate Management Admission Test) with a score of 600 or higher (or a GRE with an equivalent score), the leveling courses are waived.

Candidates must have a thorough command of written and spoken English.
Applicants whose native or predominant language is not English, or whose previous education has been in a language other than English, must provide evidence of English proficiency by achieving the following minimum scores:

TOEFL scores: (Test of English as Foreign Language)

–      88  for the internet based test
–     230 computer based test
–     570 paper based test
–     570 institutional TOEFL (paper based at a certified test administration site)

IELTS score (International English Language Testing System):

–     6.5 minimum, with no section below 5.5 on the Academic test

TOEIC score (Test of English for International Communication):

  • 720, provided applicant has passed both “Speaking & Writing” and “Listening & Reading”

Pearson PTE Academic test of English – minimum score 59

Cambridge CPE English Proficiency test – C

Cambridge CAE English Advanced test – B

Applicants from countries where the official language is English, or who have studied in countries where English is the official language, are exempted from this requirement.

All applicants will be interviewed by an MSM faculty or staff member, or an MSM alumnus. This interview will give the applicant a chance to highlight any motivation or skills beyond the CV and letter of motivation. It will also give MSM a chance to learn more about individual motivations for joining MBA.

Admission procedures
Candidates are admitted into the MBA on a competitive basis. To apply for the full-time residential MBA, please fill out our online application form.

In order to complete your application, the following documents must be uploaded to your MSM application as soon as possible:

  • Diploma
    – If it is not in English, Dutch, French or German, please also provide a translation in English, Dutch, French or German. A copy is sufficient for first evaluation.
  • Transcripts:  a copy of your list of grades.
    – If it is not in English, Dutch, French or German, please provide a translation in English, Dutch, French or German.
  • A recent passport picture
  • A copy of your passport or your EU identity card (valid on the start date of your program)
  • Your curriculum vitae
  • Two professional recommendation letters
  • Letter of motivation
  • Official GMAT-/GRE score report (if applicable). Do not upload. They are sent to MSM by the test center directly
  • Copy of your language test with sufficient results (if applicable)

Only complete applications will be reviewed. As stated above, diplomas and transcripts can be submitted in English, Dutch, French or German, preferred language is English. Other documents should be in English.

Also send the certified copy of your diploma and sealed transcripts by regular mail to:
Maastricht School of Management
Office of Admissions
P.O. Box 1203
6201 BE Maastricht
The Netherlands

As soon as we have received your online application we will provide you with the details on how to submit the required documents and the non-refundable application fee of € 75.

Applications are processed immediately upon receipt. However, please note that the deadline for applications is 15 July (for non-EU residents) and 15 August (for EU residents) of the respective year in which you wish to enroll. Each application will be processed on an individual basis. The Graduate Admissions Board will make a decision based on the candidate’s prior academic performance, work experience and overall achievements and goals. We will inform you of the Admissions Board’s decision as soon as possible.

MSM reserves the right to withdraw an offer of admission if candidates fail to satisfy all requirements or if it is determined that admission was obtained through the use of falsified, altered or embellished information.

Visa and residence permit process
Please also check the page Visas and Permits for more information!

After you have been accepted to a Full Time degree program at MSM

  1. MSM will ask you for at least the following documents:
    copy of your passport. Your passport must be valid for at least one month longer than the duration of the program you are registered for.
    evidence of sufficient financial resources. You must be able to prove that you have at least € 875 per month for rent, food and insurances. MSM will inform you about how you can do that.
    completed consent form. With this you authorize MSM to arrange the application on your behalf.
    completed antecedents form. This is a statement that you have not committed any criminal offence.
    certified, physical copies of Diploma and Transcripts. In case you have only submitted copies or temporary documents during the admissions process.
    proof of first payment. In order to start your Visa process, you will be required to submit proof of payment for the first installment of your tuition as well as any other required fees (exact amounts to be confirmed by the Admissions Office.)
  2. You will receive a message if all of the documents satisfy the conditions.
  3. MSM will start your visa application. The Netherlands Immigration and Naturalisation Service (IND) needs about 4 weeks to process your application. As soon as this has been done you will receive a notification by email.
  4. You make an appointment with the Dutch Embassy in your country. There you must submit passport photos and have your fingerprint registered. After that you will receive your visa. You will receive your residence permit after your arrival in the Netherlands. Please note! Do not book your trip to the Netherlands until after you have received your visa.

Please note! Do not book your trip to the Netherlands until after you have received your visa.

After your arrival in Maastricht

  1. MSM will inform you about where and when you can pick up your residence permit.
  2. MSM will continue to monitor your academic progress.
  3. MSM can ask the IND to revoke your student visa in any of the following situations:
    a. If you fail to maintain satisfactory academic progress,
    b. If you fail to submit all the required documents to complete your admission to the degree program,
    c. If any of your admissions documents or visa application documents are found to be altered, false or fabricated in any way.
    d. If you are deemed by MSM to be conducting yourself in any way that is not in line with the Code of Conduct for international students in higher education (http://www.internationalstudy.nl/en/page/code-of-conduct-international-student-in-dutch-higher-education)

After you complete your studies in Maastricht

  1. Before your student visa expires you must either
    a. Apply for the Zoekjaar Visa with the IND in order to prolong your stay in the Netherlands or
    b. Deregister with the city (gemeente) in which you registered.


Application window for NFP / MSP scholarship applicants opens Closed
Application deadline for NFP/MSP scholarship applicants Closed
Early Bird 1 May 2017
Application deadline non-EU residents (private sponsorship) 15 July 2017
Application deadline EU residents (private sponsorship) 15 August 2017
Start of Program 25 September 2017


Full Tuition Fee €   30,500
Application Fee (non refundable) €          75
Study Materials €        300

Please take a look at the available scholarships which are listed under the next section, Scholarships, or check this overview of scholarships and program related cost.

Click here for more information about the deferment policy, the refund policy, obtaining a visa and financial suspension.




Available MSM Scholarships for private sponsorship candidates

Dean‹s Development Fund Based on country
Academic Excellence Scholarship 50 %
Women in Leadership 50 %
Alumni Lifelong Learning 50 %
Public Services / NGO Scholarship 50 %
Bosphorus Scholarship 50 %
European Star Scholarship 25 %
Entrepreneurship / Family Business Scholarship 25 %
Orange Tulip Scholarship (for selected countries) 70 % and 90 %
Corporate Discounts 25 – 50 %

For more detailed information about the scholarships and the conditions for these scholarships for privately funded candidates for the full-time residential MBA, and other program related costs, please click here.

NUFFIC and other scholarships:
For more information on scholarships offered by the Dutch government and international organizations for the programs of Maastricht School of Management please check here.

For more information on how to apply for the NUFFIC scholarship programs, click here.

Mohammad Ardianto, MBA28 2012

What studying at MSM means to me

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