RSM Erasmus MIM Program: Complete Overview

Table of Content

RSM Erasmus MIM Program

Introduction

This blog aims to provide you with insightful information and an overview of the RSM Erasmus MIM Program. We will explore what sets this program apart and why it may be an excellent fit for managerial and executive aspirants. Furthermore, we will explore the course structure, specific courses offered, admission requirements, and other essential program elements. The RSM Erasmus MIM Program has received one of the highest ratings among MIM programs in Europe, and we will showcase what makes it stand out from other business education programs worldwide. Ultimately, this blog offers an insider’s perspective on the RSM Erasmus MIM Program to empower prospective students to make informed decisions about their future.

The RSM Erasmus MIM Program: Getting Started

You will learn and integrate all facets of general management and business administration from academics and practitioners during this one-year master’s program, as well as how to launch your career in business. Within a year, you’ll mature into a young professional with self-awareness and self-confidence in what you can do. This is a highly important aspect of your joint educational journey since you can gain a lot from the expertise and experience of your classmates. This blend of academic theory, engaging classroom activities, and varied team projects will help you develop into a fully fledged business professional. Graduates praise this program’s intense experience and express amazement at how much they can accomplish in a short period of time. Graduates of this degree quickly land jobs in a wide range of sectors, such as consulting, operations, or marketing in a large corporation or small business. 

RSM Erasmus MIM Program Overview

Program Structure and Duration

Through the RSM Erasmus MIM program, your non-business bachelor’s degree is supplemented by master’s level business abilities. Your chance to combine what you currently know with management abilities will provide you a significant competitive advantage on the job market, regardless of what your bachelor’s degree focuses on. You will gain knowledge of the what, why, and how of management methods in this demanding one-year master’s program. Therefore, if you are open-minded, you can take advantage of this and discover which area of management most interests you. The courses consist of a mix of lectures, group projects, and homework. Your teachers are willing to debate your views and are open-minded. Through assignments, you’ll examine not only theory but also learn how to use business knowledge in practice. When you combine your specialized bachelor’s study with your business master’s, this Master in Management enables you to expand your horizons, strengthen your CV, and actively find your own route. It took recent graduates, some of whom did so through program-required internships, less than three months on average to obtain employment.

RSM Erasmus MIM Program

RSM Erasmus Rankings and Reputation

RSM Erasmus is recognized as one of the leading business schools in Europe and consistently ranks among the top business schools worldwide. It has earned accreditation from prestigious organizations such as the Association to Advance Collegiate Schools of Business (AACSB) and the European Quality Improvement System (EQUIS).

RSM Erasmus performs well in the Financial Times (FT) rankings, which are considered highly influential in the business education field. In the FT Global MIM Rankings, RSM Erasmus ranked 3rd last year among the top business schools globally. 

RSM Erasmus holds the distinction of “Triple Crown” accreditation, which is a recognition granted to business schools that have earned accreditation from three leading international accreditation bodies: AACSB, EQUIS, and the Association of MBAs (AMBA). This achievement signifies RSM’s commitment to high-quality education and research.

RSM Erasmus maintains strong connections with the corporate world, fostering partnerships with renowned national and international companies. These connections provide opportunities for students to engage in real-world projects, internships, and networking events, enhancing their learning experience and employability.

RSM Erasmus is known for its research output and academic contributions. The school’s faculty engages in cutting-edge research in various business disciplines, generating valuable insights and contributing to the advancement of knowledge in their respective fields.

Overall, RSM Erasmus has established a strong reputation as a leading business school with a commitment to academic excellence, research, and global perspective. Its consistent rankings in prominent publications, triple accreditation, and corporate connections contribute to its reputation as a preferred destination for business education.

RSM Erasmus MIM Program

RSM Erasmus MIM Curriculum

The environment at RSM is lively, and the curriculum is rigorous. You’ll put in a lot of effort in this master’s course under the direction of dedicated, accomplished academics to complement the knowledge from your undergraduate degree with managerial abilities.

You’ll be encouraged to step outside of your comfort zone and given the skills you need to concentrate on what matters, apply theory, think critically, and rapidly understand the crux of a problem and how to deal with it. At various points throughout the curriculum, you will participate in real-world consulting assignments with reputable businesses, giving you close touch with the real business world.

Gaining an academic and active learning mindset will enable you to take full advantage of the program’s blend of academic rigor and real-world application, allowing you to use what you learn in the commercial world right away. Your final master thesis will be the result of your rigorous studies.

The MSc in Business Administration’s Master in Management speciality is a 60 EC Program that lasts 12 months. The curriculum is divided into two semesters: Autumn Semester and Spring Semester.

Autumn Semester

View all Autumn course offerings below:

  • Entrepreneurial Challenge

The Entrepreneurial Challenge course is a challenging module. You’ll learn and experience what it takes to launch a brand-new, ambitious business. You’ll eventually realize that management is necessary for both new and current enterprises.

A brief overview of social entrepreneurship philosophy and research is provided in the course. Teams will design and modify their own start-up prospects and investigate workable business models in the field of social entrepreneurship in order to apply the fundamental concepts and tools in a real-life scenario.

By studying the initial phases of the process—the identification and appraisal of possibilities and the search for workable business models—in this session, you may cultivate that mentality.

Every student enrolled in the course must actively participate in the lectures. Students also need to set aside extra time each day to prepare for class by reading assigned readings and working on projects.

This course is both a pressure cooker module for creating a business case and presenting it in front of a jury, requiring your complete commitment, and a crash course in the (theoretical) foundations of entrepreneurship.

  • Strategic Management

Why do some businesses outperform others? Why can some businesses adjust to new technologies while others cannot? By examining how businesses might organize their internal resources and competencies to align them with the environment to gain competitive advantage, the Strategic Management course seeks to answer these challenges.

The primary topics covered in this course are theories of competitive advantage and the analytical tools that managers can use to develop business strategies. It examines business- and corporate-level strategies and how they contribute to the development of a competitive advantage.

There are six sessions in the course. Three components will make up each session. The theoretical underpinnings of the session’s theme are covered in the first section of the course. You will work in groups to complete an assignment based on the case study and readings from the second section.

Based on your responses to the assignment questions, you will jointly discuss the case in the third section. Teams of five students will be randomly chosen to work on both the team project and the in-class tasks. The makeup of each team will be disclosed on Canvas prior to the first meeting.

  • Marketing Management

Marketing Management is a comprehensive course that focuses on the strategic planning, implementation, and analysis of marketing activities within organizations. It equips students with a solid understanding of fundamental marketing principles and techniques. The course covers various aspects, including market research, consumer behavior, product development, branding, pricing strategies, promotional campaigns, and distribution channels.

Students will learn how to identify target markets, develop effective marketing strategies, and create compelling marketing plans. Additionally, they explore the use of digital marketing tools, social media platforms, and analytics to optimize marketing efforts. Marketing Management provides students with the knowledge and skills necessary to navigate the dynamic and competitive landscape of modern marketing.

This course’s objective is to expose students to the field of marketing. What is marketing, the marketing concept, and how can businesses create value are the main topics that will be covered in this course. A combination of lectures and case discussions will be included in each session. Students must arrive to class prepared and participate fully in the discussions.

  • Business Analytics

The subject matter of the Business Analytics course covers statistical and machine learning methodologies and techniques, as well as their use in research settings. The course is divided into a theoretical section that discusses the history of these approaches and strategies and an applied section that develops the skills needed to apply them in research settings.

In addition to providing examples of survey design and the use of data processing tools, the lectures discuss the theoretical underpinnings of measurement and analysis approaches. The programming abilities are practiced each week through the tasks to put the techniques into action.

The group assignments include these strategies into a task that is largely unstructured and addresses a self-selected sustainability-related subject, specifically the sharing economy. The course supports the application and independent assessment of quantitative empirical research.

  • Psychology and Business

Students will examine fundamental psychological concepts in this course that influence and mold the actions and judgements of players in organizations. Before progressively examining how the social context and interaction with other actors impact these characteristics, the course begins by considering what motivates independent individual choices and behaviors.

The course’s last section examines situations in which groups of people work together to solve challenges. This course uses a combination of interactive plenary sessions, team projects, survey-based personal reflection assignments, and team projects to explore the themes. You will discuss and critique particular texts, cases, and research findings during the plenary sessions, as well as participate in a number of in-class activities.

You will have to address a real problem with people’s behaviors for the group project. Finally, based on peer input, you will consider how you behave in teams and create specific ideas to enhance your performance in teams in the future.

  • Accounting

The foundations of accounting are covered in this course. It goes over the numerous methods that financial and non-financial data can be gathered and how this data is shared with individuals who are making decisions. The differences between financial accounting and managerial accounting are made crystal plain in this course.

The financial accounting section of the course covers the creation of financial statements as well as the rules and legislation that financial reporting must follow. Important tasks include identifying information needs, designing an accounting information system, and providing both financial and non-financial information.

Management accounting places a strong emphasis on using accounting data for internal planning and control. The terms used in cost accounting, activity-based costing, value-based management, cost-volume-profit analysis, budgeting, responsibility accounting, and decision-making are covered in this section of the course.

  • Building My Career

Building My Career, which spans blocks 1 through 5, uses a variety of online quizzes, activities, lectures, and other forms to get you ready for the job market and your future employment. Students must first embark on an internal journey to discover more about themselves in terms of personal drivers, interests, and beliefs before finding a fit with the exterior side—the industries—as this preparation is not a simple, easy procedure.

For further information, see this page.

In the second half of this course, through a variety of workshops and tasks, you practice developing a successful personal professional network and work on your own career narrative.

The aim of the lectures, seminars, exercises, digital tools, and between-class assignments is to create competitive job applicants who join the market well-prepared to make informed career decisions using both theoretical and practical approaches.

Spring Semester

View all Spring course offerings below:

  • Corporate Finance

Corporate Finance is a course that explores the financial decisions made by corporations. It covers topics, such as capital budgeting, risk management, financial analysis, and valuation methods. Students will learn how to evaluate investment opportunities, make financing decisions, and maximize shareholder value. It provides a foundation for understanding corporate financial management.

This course covers the essentials of contemporary finance and explains how investment opportunities are valued on the financial markets. The efficient market hypothesis, capital budgeting, the risk-return connection, and net present value are the four most crucial ideas in this subject. The course’s central question—how should a firm’s manager make investment decisions—is addressed using these notions.

  • Research Clinic and Thesis Proposal

The earliest stages of the thesis trajectory, during which the students create their research proposals, are supported by the Research Clinic course. It enables students to understand what is involved in moving from a compelling research topic to defining a specific research issue, selecting a research question, research strategy, and research methodology. 1 EC is given for this course.

The research clinic’s lectures and workshops will assist in developing a research question, doing a literature review, writing the introduction, and discussing methodological issues. In addition, depending on the students’ choice of research profile, the research clinic introduces the students to the special possibilities of either qualitative research or specific quantitative approaches for research in finance. It is based on the Business Analytics course.

  • Decision Science and Operations

This course’s first section looks at making wise decisions. The main goal of the first section of the course is to arm you with the tools you need to perform decision-making activities more effectively. The focus is on the qualitative insights that arise from utilizing models to support managerial thinking and decision-making, not the quantitative components.

Due to the course’s cross-disciplinary structure and linkages to various other fields, such as finance, operations management, marketing, and accounting, the teaching of these subjects has an analytical component.

We all rely on the services and goods that are designed, delivered, and improved in the second section, which is about operations and supply chain management. One of the key areas for businesses to acquire a competitive edge is operations, particularly Supply Chain Management and its nature support.

You will learn about the principles, ideas, and practices of operations management in this section. The topics and factors that influence operations management decisions will be covered in the course, along with tools and techniques for comprehending and controlling costs, speed, flexibility, reliability, and sustainability.

  • Consultancy Project

The Consultancy Project is a component of the Program that aims to improve your understanding of the business world in practice while bringing business closer to your academic education. This assignment will test your ability to examine a real-world issue that originates from a business client and comprehend the unique requirements of a client organization.

In a group of about six students, you will be expected to assist a client in resolving an issue by coming up with fresh, long-lasting recommendations. This procedure is carried out in a project-like working environment with frequent customer interaction. The initiatives frequently occur in a setting with a variety of stakeholders. As a result, managing a range of stakeholders is a part of the project.

This four-month process includes a variety of challenges and reflection periods to help you reflect on the team process and enhance your team behavior. The project team is asked to evaluate the actions of its members and think critically about how they may be improved.

  • Corporate Governance

The rules of the game that businesses use to develop, exploit, and engage in commercial operations to produce an appropriate value are referred to as corporate governance. Both the country level and the firm level, where these regulations are most flexible, are where they are developed.

The primary goal of this course is to build a strategic understanding of corporate ownership and governance given that there is no one ideal answer to the issues surrounding these topics.

The course discusses various forms of ownership, including publicly listed companies, professional partnerships, family businesses, and founder-owned start-ups, for example, in order to explore a variety of corporate governance structures and practices that can be implemented to meet these challenges.

  • MiM Master Thesis

During the spring semester of the Master in Management Program, you will work on your Master’s Thesis, which includes the thesis proposal. Students must do independent, individual research for their master’s thesis that addresses important managerial issues in one of the functional areas of business administration.

The thesis gives students the chance to fully grasp a particular subject because they are required to critically examine a real-world managerial issue within their chosen field and draw convincing, managerially applicable findings. It enables students to build a personal brand and enhance their practical scientific business and management research skills.

The main areas of business administration are covered by the thesis subjects, such as marketing, strategy, finance, supply chain, etc. However, the research goal must be placed within the broader context of business administration. On your grade sheet, the thesis’s title will be noted. Therefore, it is advised to pick a title that expresses the business importance effectively. There are 16 EC in the thesis.

Career Training

The course “Your Future Career” aims to prepare RSM students for their careers at an early stage of their master’s degree. You can take important steps towards the best career move, whether it’s an internship or a job, with the aid of the online modules.

You must earn a minimal number of points within a short period of time to pass the course. You can choose whether you want to consider your motivations and interests, learn about the job market, get peer comments on your application materials, develop a love of networking, or go to an interactive alumni career panel or workshop.

For further information, see this page.

Internships

You will have plenty of opportunities to experience working life everywhere from one of the largest global corporations to a quickly expanding start-up thanks to RSM’s vast corporate network. Internships are a crucial component of education and are carried out at the level of a professional first job. From the connections they develop during their internship, many students land their first job.

An internship is an optional component of the Program that can be completed before or after you have completed all of the other Program requirements, including your thesis (May to June). Based on your learnings from the “Your Future Career” course, you can also actively find an internship that precisely considers your prior experience.

International Exchange

The Master of Management curriculum excludes international exchange. However, after your Program, you are free to take part in an exchange. Once you have completed all of the MiM curriculum components within the stipulated course duration, you will be eligible for exchange.

RSM offers a world-class partner school network of more than 100 universities and business schools, including prestigious institutions like ESADE in Barcelona and The Wharton School in the United States.

Visit the International Office website for more information about all of the global opportunities available at RSM.

The RSM Erasmus MIM Admission Requirements

The RSM Erasmus MIM program has specific admission requirements that applicants need to fulfill. Here is an overview of the requirements:

  • Education:

A (BSc) degree or an undergraduate degree that is on par with an academic bachelor’s degree earned at a Dutch research institution (WO) is required in order to be qualified for this master’s program.

  • GMAT/GRE:

RSM expects its applicants to have a certain level of proficiency and drive. Those who plan to earn their bachelor’s degree from a research university outside of the Netherlands must demonstrate their command of and drive for a score on the GMAT that is at least 600 and a Grade Point Average (GPA) in their own nation/university that is above average.

  • English Proficiency:

A candidate must be able to provide proof of proficiency at least at the C1 level (according to the Common European Framework of Reference for Languages, or CEFR) in order to guarantee the necessary minimum level of English fluency. The English test results must be received before the application deadline or before the program fills to capacity, whichever comes first, however you can submit your application first without them.

  • Reservation

RSM Erasmus places a high value on international diversity, thus we carefully track the percentages of students in each master’s program per diploma. The curriculum won’t be balanced if there are too many students with a certain diploma, which will be bad for the idea of an international classroom.

RSM Erasmus typically receives enough applications from students around the world and has only infrequently had to impose restrictions on the intake of applicants based on a particular diploma. If it becomes necessary to limit the number of students holding a certain diploma, it will be done according to the order in which applications are received.

Meeting these admission requirements is essential to be considered for the RSM Erasmus MIM program.

RSM Erasmus Campus and Location

Location and Regional Benefits

RSM Erasmus, also known as Rotterdam School of Management, Erasmus University, is one of the leading business schools in Europe. Being located in Rotterdam, Netherlands, offers several location and regional benefits for the institution. Here are some of them:

  1. Economic Hub: Rotterdam is a major economic hub in Europe and serves as a gateway to global markets. The city has a strong presence of multinational corporations, international organizations, and a vibrant business community. This provides RSM Erasmus with access to a diverse range of industries and companies, offering students and faculty valuable networking, internship, and career opportunities.
  2. Port of Rotterdam: Rotterdam is home to the Port of Rotterdam, one of the largest and busiest ports in the world. The port’s strategic location and extensive logistics infrastructure make it a vital link in global trade. RSM Erasmus benefits from this proximity by having access to industry experts, research collaborations, and case studies related to international trade, supply chain management, and logistics.
  3. Innovation and Entrepreneurship: The Netherlands, and specifically Rotterdam, has a thriving startup and innovation ecosystem. The city supports entrepreneurship and fosters innovation through various initiatives, incubators, and accelerators. RSM Erasmus can tap into this vibrant ecosystem, collaborating with startups, hosting entrepreneurial events, and providing resources and guidance to students interested in starting their own businesses.
  4. Cultural Diversity: Rotterdam is known for its multicultural environment, with residents from diverse backgrounds and nationalities. This cultural diversity enriches the academic experience at RSM Erasmus, fostering cross-cultural understanding, international collaboration, and a global perspective. The school can attract a diverse student body, creating a multicultural learning environment that prepares students for global business challenges.
  5. Quality of Life: The Netherlands consistently ranks high in terms of quality of life. Rotterdam, as a modern and vibrant city, offers a high standard of living with excellent infrastructure, healthcare, and public services. Students and faculty at RSM Erasmus can enjoy a safe and comfortable environment, a rich cultural scene, and a wide range of recreational activities.
  6. Proximity to European Markets: Rotterdam’s central location within Europe provides RSM Erasmus with easy access to major European markets. This geographical advantage allows the school to develop relationships with businesses across the continent, participate in European research projects, and facilitate student exchanges with other prestigious European universities.

Overall, the location of RSM Erasmus in Rotterdam offers numerous benefits, including access to a thriving business community, proximity to a major port and international trade, a supportive startup ecosystem, a multicultural environment, a high quality of life, and convenient connections to European markets. These factors contribute to the school’s reputation and contribute to its mission of providing a global business education.

Resources Available to RSM Erasmus Students

As an RSM Erasmus student, you have access to various resources to support your academic and personal development. Here are some resources that are typically available to RSM Erasmus students:

  1. RSM Library: The Erasmus University Rotterdam (EUR) Library offers a wide range of resources, including books, journals, databases, and online resources. You can access these materials both on-campus and remotely.
  2. Study Spaces: RSM provides dedicated study spaces for students, including group study rooms and quiet study areas. These spaces are equipped with Wi-Fi, power outlets, and other amenities to facilitate your studies.
  3. Career Services: RSM’s Career Services provides support and guidance in career planning, job searching, and professional development. They offer workshops, career counseling, networking events, and access to job and internship vacancies.
  4. Academic Advisors: You can consult with academic advisors who can help you navigate your program requirements, course selection, and academic planning. They can also provide guidance on study abroad opportunities, internships, and other academic-related queries.
  5. Erasmus Student Network (ESN): ESN is a student-led organization that helps international students integrate into the local community and organizes various social and cultural activities. It provides opportunities to connect with other students, explore the city, and participate in events and trips.
  6. Student Associations: RSM has several student associations that cater to various interests and fields of study. These associations organize academic, professional, and social events, including guest lectures, workshops, company visits, and networking activities.
  7. IT Services: RSM’s IT Services offer technical support and assistance with software, online platforms, and other IT-related issues. They provide access to online learning platforms, such as Canvas or Blackboard, where you can find course materials, submit assignments, and communicate with professors.
  8. Language Support: If English is not your first language, RSM may offer language support services to help you improve your English skills. This can include language courses, writing assistance, and language conversation groups.
  9. Health and Well-being Services: RSM may have health and well-being services available on campus. These can include counseling services, medical facilities, and sports facilities to promote your physical and mental well-being.

In a nutshell, the RSM Erasmus MIM program offers a comprehensive range of resources for its students. These resources contribute to a well-rounded and supportive environment for students’ personal, academic, and leadership development.

RSM Erasmus MIM Program Costs and Financial Aid

Tuition and fees

The tuition fees for the RSM Erasmus MIM program amount to be €22,500. Additionally, there is an estimated living cost between €1,000-€1,600 per month. It’s important to note that tuition fees are subject to change, so it’s advisable to visit the official RSM Erasmus website as well.

Scholarships and financial aid options

Pursuing an MIM is a significant investment in your future and a crucial decision. RSM Erasmus understands the importance of supporting exceptional candidates in realizing their aspirations. That’s why they offer a range of scholarships to deserving individuals.

Rotterdam School of Management, Erasmus University (RSM) provides a number of scholarships to prospective students from non-EEA nations who are not eligible to pay the EEA tuition cost, so long as their grades are deemed to be excellent. For students from EEA nations, RSM additionally provides one award, the Erasmus Trustfonds award. 

Scholarships are few and primarily awarded on the basis of merit. For the course of your studies, you will need to pay for your own living expenses (rent, food, and insurance) if a scholarship merely covers the cost of tuition. The pre-master’s program is not eligible for any scholarships from RSM. However, they do limit the number of scholarships they give to RSM pre-master students who enroll in an MSc degree to two per academic year.

Recap of Key Points

  1. Education: Applicants must possess a (BSc) degree or an undergraduate degree that is on par with an academic bachelor’s degree earned at a Dutch research institution (WO).
  2. GMAT/GRE: Good scores in the GMAT/GRE are mandatory for applicants.
  3. English Proficiency: A candidate must be able to provide proof of proficiency at least at the C1 level in order to guarantee the necessary minimum level of English fluency.
  4. Campus Location: RSM Erasmus is located in Rotterdam, Netherlands, a global business hub with a focus on innovation and entrepreneurship.
  5. Regional Benefits: The program offers advantages, such as exposure to diverse cultures and unique business practices in Europe, excellent connectivity, and a strong regional network.
  6. Resources Available: The RSM Erasmus MIM Program provides its students with a wide variety of resources. These tools enhance the development of students’ leadership, academic, and personal skills in a well-rounded and encouraging atmosphere.
  7. Program Costs: Tuition fees for the RSM Erasmus MIM program amount to €22,500, with an estimated living cost of €1,000-€1,600 per month.
  8. Financial Aid: RSM Erasmus offers grants and merit-based scholarships for exceptional candidates. Applicants can also explore other funding options to support their MIM journey.
  9. Reminder: Visit the official RSM Erasmus website for detailed and updated information on the RSM Erasmus MIM program, including admission requirements, financial aid options, and any recent changes.

Call to action or next steps for interested readers

If you found this blog post on the RSM Erasmus MIM program insightful and are considering pursuing an MIM at RSM Erasmus, I encourage you to stay tuned for our upcoming blog on “How to Get into the RSM Erasmus MIM Program.” This blog will delve into crafting a robust application, including writing compelling essays, securing solid letters of recommendation, and presenting yourself effectively during interviews. We will also cover essential deadlines and offer valuable tips to enhance your chances of admission.

Whether you’re a prospective full-time or part-time student, this upcoming blog will serve as a valuable resource to navigate the application process successfully. It will equip you with the knowledge and insights to present your skills, experiences, and aspirations in the best possible light.

Getting into the RSM Erasmus MIM program is an exciting journey, and we are here to support you every step of the way. Stay tuned for our comprehensive guide on “How to Get into the RSM Erasmus MIM Program” and take the first step towards realizing your academic and career goals.

Remember, preparation and a thorough understanding of the application process can make a significant difference. We look forward to helping you navigate the path to your dream MIM program at RSM Erasmus.

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