MSc in Industrial Engineering and Management - Financial Engineering & Management

Postgraduate Entry Requirements

Academic Qualifications: Applicants for postgraduate programs typically require a minimum academic achievement of 75% or above in their bachelor's degree.

English Language Proficiency:

• IELTS: Overall band score of  6.5 or 7.0 with a minimum of 6.0 in each component.
• TOEFL: Overall score of 90 or higher.

Standardized Test Requirements

• GMAT (Graduate Management Admission Test): GMAT score of 600 is often required.

The University of Twente (UT) offers various scholarship opportunities for international students to help finance their education and living expenses in the Netherlands. These scholarships are designed to attract talented students from around the world and provide them with financial support to pursue their undergraduate or postgraduate studies at the university. 

University of Twente Scholarships (UTS): The University of Twente Scholarships (UTS) are highly competitive merit-based scholarships available to students from non-EU/EEA countries who are applying for a Master’s program at the university. These scholarships are intended to cover part of the tuition fees and living expenses for the duration of the program. The amount of the scholarship varies, and it can range from €3,000 to €25,000 per year, depending on the student’s program and the scholarship type. To be eligible, students must have an excellent academic record and meet the admission requirements for their chosen program.

Holland Scholarship: The Holland Scholarship is a national scholarship program funded by the Dutch Ministry of Education, Culture, and Science in collaboration with Dutch research universities, including the University of Twente. This scholarship is available to international students from outside the European Economic Area (EEA) who are applying for a Master’s program at UT. The Holland Scholarship provides a one-time award of €5,000 to help with tuition fees or living costs. The scholarship is awarded for the first year of study, and students can apply for it once they have been admitted to a Master's program at the university.

Orange Tulip Scholarship (OTS): The Orange Tulip Scholarship (OTS) is a Dutch government-sponsored program aimed at providing scholarships to international students from specific countries, including China, India, Indonesia, Mexico, Russia, South Korea, and Vietnam, among others. UT participates in the OTS program, and selected students can receive a scholarship that covers part of the tuition fees for their Master’s degree. The OTS scholarship is offered in collaboration with the Dutch embassies and institutions in various countries.

Kipaji Scholarship: The Kipaji Scholarship is a special award given by the University of Twente to outstanding international students with excellent academic achievements. This scholarship is typically available for students from Africa, Asia, Latin America, and the Middle East who are applying for a Master’s program. The Kipaji Scholarship covers tuition fees, living expenses, and other costs related to studying abroad, providing a comprehensive financial aid package to deserving students.

Additional Scholarships for Specific Programs: In addition to the general scholarships mentioned above, the University of Twente also offers specific scholarships for students pursuing certain Master's programs. These scholarships are often offered in collaboration with academic departments or external organizations and can cover partial or full tuition fees. 

Graduates of the MSc in Industrial Engineering and Management - Financial Engineering & Management have a broad range of career opportunities across multiple industries. With a blend of financial expertise and industrial engineering skills, they are well-equipped to pursue leadership and specialist roles in sectors such as finance, consulting, technology, and manufacturing. 

Financial Analyst: Graduates can work as financial analysts, evaluating financial data, advising on investments, and managing financial risk for companies and institutions. Their expertise in financial modeling and analysis is highly valued in corporate finance, banking, and investment firms.

Risk Manager: With a deep understanding of financial risk management techniques, graduates can pursue roles as risk managers, focusing on assessing and mitigating financial risks within organizations. They are particularly sought after in banking, insurance, and consulting.

Operations Manager: Combining industrial engineering principles with financial strategies, graduates are well-suited to manage operations in organizations, optimizing processes and ensuring cost-effective decision-making in areas such as supply chain management, production, and logistics.

Data Scientist/Analyst: The program's emphasis on data analytics prepares graduates for careers as data scientists or analysts, where they use data-driven insights to improve business strategies, financial models, and operational efficiency.

Management Consultant: The multidisciplinary nature of the program allows graduates to become management consultants, advising companies on how to improve their performance by integrating industrial engineering principles with financial strategies and management.

Supply Chain Manager: Leveraging their understanding of operations and financial management, graduates can pursue careers as supply chain managers, optimizing production, distribution, and inventory management to ensure efficiency and profitability.

Entrepreneur: The skills learned in this program also prepare graduates to launch their own businesses, particularly in fields such as fintech, operations consultancy, or supply chain management.

Project Manager: Graduates with strong organizational, financial, and analytical skills can take on project management roles, leading projects across industries such as technology, finance, and operations, ensuring successful project delivery and financial oversight.