Erasmus University Rotterdam

What you'll study

The programme combines theoretical foundations with hands-on valuation tools and case-based applications. Core areas typically include valuation theory and methods, financial statement analysis, corporate finance concepts relevant to valuation, and empirical research methods. Students learn to value operating companies, financial instruments and intangible assets using discounted cash flow (DCF), market multiples, option-based approaches and model-based techniques for mergers, acquisitions and restructurings.

Applied components commonly cover transaction advisory and due diligence, leverage buyouts (LBOs), purchase price allocation and impairment testing, fair value accounting, and valuation for litigation and tax purposes. Practical skills such as advanced spreadsheet modelling, database use, sensitivity and scenario analysis, and presentation of valuation reports are emphasised through case studies, group projects and practitioner workshops.

Most programmes include a capstone research project, thesis or consultancy assignment that requires students to apply valuation frameworks to a real company or dataset. Electives and seminars allow further focus on topics such as private equity valuation, real options, forensic accounting, or sector-specific valuation (e.g. financial institutions, technology or natural resources).

Entry requirements

Applicants are expected to hold an academic bachelor’s degree in business, economics, finance, accounting or a closely related discipline. A solid quantitative background — demonstrated through coursework in finance, statistics, econometrics or mathematics — is important. Admissions typically consider academic record, curriculum vitae, and a motivation letter or statement of purpose. Some applicants will be invited to an interview.

Where required by the admissions office, standardised test scores (such as GMAT or GRE) and academic references may strengthen an application, particularly for candidates whose degree background is less conventional. Non-native English speakers must demonstrate proficiency in English through an accepted test or prior full-time education in English, according to university requirements.

Career prospects

Graduates pursue careers that depend on solid valuation expertise and the ability to communicate complex financial judgements. Typical roles include valuation analyst or consultant at Big Four and specialist valuation firms, transaction advisory and due diligence roles, M&A analyst positions, private equity and corporate development roles, and financial or regulatory reporting positions within corporates. Some alumni enter investment banking, strategy consulting or forensic accounting teams where valuation judgement is critical.

The programme’s focus on applied modelling, report writing and stakeholder communication prepares graduates to work with deal teams, audit clients, legal advisers and internal management, and to progress to senior valuation, advisory or leadership roles across finance functions.

Why study at Erasmus University Rotterdam

RSM at Erasmus University Rotterdam is well known for combining rigorous academic research with strong industry links in finance and business. The School’s location in Rotterdam provides proximity to a major commercial and logistics hub, an active financial services community and frequent contact with corporate advisors and deal practitioners. Teaching draws on faculty research and is often supplemented by experienced practitioners through guest lectures, workshops and live case projects.

Students benefit from dedicated career support, an international cohort, and access to a broad alumni network in Europe and beyond. Practical training in valuation software and databases, together with opportunities for internships and consultancy projects, helps bridge classroom learning and professional practice.

Overall, the programme is designed to deliver both the analytical foundations and the applied capabilities employers expect from valuation professionals working in advisory firms, corporates and financial institutions.