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On 6 February 2018, Koeman was appointed manager of the Netherlands national football team on a four-and-half-year contract up to and including the 2022 FIFA World Cup. He replaced Dick Advocaat who resigned after failing to guide the Netherlands to the 2018 FIFA World Cup.

Prior to the 2017–18 season, Koeman was given the largest budget in Everton's history to spend on new players. An estimated £150 million was spent on new players, but Koeman admitted that he had not bought a centre forward to replace Romelu Lukaku, the previous season's squad top scorer who had been sold to Manchester United. Koeman was sacked by the club on 23 October 2017, after his side fell into the relegation zone, following a 5–2 home defeat against Arsenal the previous day. Koeman later stated his belief that the failure to sign Olivier Giroud in the summer transfer window contributed to his sacking.

Koeman won his third Premier League Manager of the Month for January 2016, on the way to Southampton's highest ever Premier League finish, sixth place, highest ever Premier League points total, 63, and qualification for the group stage of the UEFA Europa League.

On 14 June 2016, Koeman was confirmed as manager of Everton, signing a three-year contract. His brother was again hired as his assistant. In his first season, Koeman led Everton to qualification for the Europa League.

In his first six Premier League games in charge of the club, Koeman managed four wins, a draw and a defeat, propelling Southampton to second place in the league standings and resulting in Koeman being named Premier League Manager of the Month for September. In January 2015, Southampton won all three of their matches, including a first win at Manchester United since 1988, and Koeman was again named Manager of the Month. He led Southampton to a seventh-place finish at the end of the season.

In June 2014, Koeman was announced as the replacement for Southampton manager Mauricio Pochettino, signing a three-year deal with the club. His brother Erwin was appointed assistant manager.

Koeman started his professional career at FC Groningen, making his debut at the age of 17 years and 183 days in a 2–0 win over NEC in the Eredivisie. This made him the third-youngest player in the club's history, after Piet Wildschut and Bert de Voogt. Thirty-three goals from ninety appearances in his three seasons at the club saw the young defender called up by the Netherlands national team and earn a transfer to Eredivisie champions Ajax. After failing to defend their title in Koeman's first season at the club, the Amsterdam team regained the championship in 1984–85. The following season saw Johan Cruyff take over as Ajax head coach and, despite scoring 120 goals in 34 Eredivisie matches and winning the KNVB Cup, de Godenzonen could only finish second in the league behind rivals PSV.

Koeman was also known for his powerful right-footed free kicks and deadball ability where he scored many vital goals for the team. One of his best strikes in La Liga came in the memorable 5–0 win over Real Madrid in El Clásico at the Camp Nou, with his bending free kick making the scoreline 2–0. Koeman was joint-top scorer with eight goals in the 1993–94 UEFA Champions League, in which Barcelona were beaten in the final by Milan.

On 21 July 2011, Koeman was appointed manager of Feyenoord, signing a one-year contract with the Dutch club as replacement for outgoing trainer Mario Been. Through this appointment, Koeman has notably become the first man ever to serve as both player and head coach at all teams of the so-called "traditional big three" of Dutch football – Ajax, Feyenoord and PSV. Moreover, he has completed this in the same order as player and as manager. At the beginning of 2012, it was announced that his contract was extended. In February 2014, Koeman announced that he would leave his position at Feyenoord at the end of the 2013–14 season to pursue other ambitions.

Koeman was appointed manager of AZ on 18 May 2009, after Louis van Gaal, who won the 2008–09 Eredivisie with AZ, joined Bayern Munich. On 5 December 2009, AZ announced that Koeman no longer was in charge of AZ, after losing 7 of the first 16 games in the Dutch competition.

A composed player on the ball, Koeman was capable of being deployed both as a defender and as a midfielder, and he frequently played as a sweeper, due to his vision and his ability on the ball. Regarded as one of the best and most prolific attacking central defenders of all time, due to his eye for goal, Koeman was renowned for his long-range passing, as well as his shooting accuracy and power from distance, especially on free kicks; is the top scoring defender in world football, and Barcelona's top scoring defender. A versatile set piece specialist, Koeman was nicknamed the King of free kicks, and was capable of striking the ball with power from long range free kicks, or curling shots on goal from close range; he was also an accurate penalty kick taker. Regarding his unique run-up and approach to taking free kicks and penalties, Rob Smyth of The Guardian commented in 2009: "We tend to associate Koeman with that particular type of free-kick, where he would lace the ball in a manner that was paradoxically sledgehammer rather than silk, yet if anything he was more adept at the seductive, shorter-range curler. As with his penalties, when he would charge towards the ball like a man with murder in mind only to tap it gently into the net, part of the skill was in the deception. With Koeman, there was more than one way to skin a defensive wall; as all Englishmen know well, he could flippin' flip one as well."

On 31 October 2007, Koeman agreed to be the new coach of Valencia after the sacking of Quique Sánchez Flores, starting on 5 November 2007. With Valencia, he won the 2007–08 Copa del Rey, a tournament he previously won as a player with Barcelona. This was Valencia's first Copa del Rey since 1999. The remainder of his tenure at Valencia would prove disappointing: the team would slump to 15th in the league, only two points above the relegation zone, as well as finishing bottom of their Champions League group. A 5–1 defeat by Athletic Bilbao would prove the final straw for Koeman's time with Valencia. He was sacked the following day, on 21 April 2008.

In the 2006–07 season, Koeman served as head coach of PSV, as successor to Guus Hiddink. PSV dominated the first season half, keeping competitors AZ and Ajax at a reasonable distance, and PSV seemed almost destined to become champions again. PSV, however, suffered in the second half of the season, also because of injuries of players Jefferson Farfán, Alex and Ibrahim Afellay, obtaining only 19 out 39 possible points. AZ and Ajax regained their momentum, making for a close finish, with all three teams tied at 72 points before the last competition day. AZ played struggling Excelsior in their final match, but did not manage to win. Ajax played at Willem II, but did not score enough goals; it was PSV eventually who triumphed, winning at home 5–1 against Vitesse Arnhem, and thereby becoming Eredivisie champions, one goal ahead of Ajax.

Koeman was appointed the manager of Ajax in 2001. Ajax's fortunes suffered a steady decline after Koeman got off to a successful start at the Amsterdam Arena, winning a domestic double in 2001–02. Despite regaining the title in 2003–04, Ajax had fallen eight points behind rivals PSV in the Eredivisie. This situation, coupled with Ajax being knocked out of the UEFA Cup by Auxerre, 3–2 on aggregate, led Koeman to resign the following day on 25 February 2005.

Koeman bounced back quickly from a disappointing end to his reign at Ajax in February 2005, taking up the vacant position at Portuguese champions Benfica following the departure of legendary Italian Giovanni Trapattoni. In Benfica, against whom he won the 1988 European Cup Final as a player with PSV, Koeman only won the Portuguese Super Cup; the team finished the Portuguese League in third place (behind rivals Porto and Sporting CP) and was knocked out of the Taça de Portugal in the quarter-finals (after losing to Vitória de Guimarães). This, along with an offer from PSV, sufficed for the manager to leave one year before the end of his contract. Under Koeman Benfica did reach the quarter-finals of the Champions League; eliminating Manchester United in the final game of the group stage and Liverpool in the first knockout stage, before losing to Barcelona, who ended up winning the trophy.

As a head coach, Koeman has won three Eredivisie titles: twice with Ajax (2001–02 and 2003–04) and once with PSV (2006–07). He is the only individual to have both played for and managed the "Big Three" of Dutch football: Ajax, PSV and Feyenoord. Abroad, he had spells in Portugal with Benfica and Spain with Valencia, coaching Los Che to victory in the 2007–08 Copa del Rey, and managed Premier League clubs Southampton and Everton in the 2010s.

Having retired as a player after his stint with Feyenoord, Koeman became a member of the coaching staff of Guus Hiddink during the 1998 World Cup along with Johan Neeskens and Frank Rijkaard. After the tournament, Koeman was appointed the assistant coach of Barcelona, and in 2000, he was handed his first managerial job as the head coach of Vitesse, where he led the team to a UEFA Cup spot on a relatively limited budget.

After six years and over 200 appearances at Barcelona, Koeman left Catalonia to return to the Netherlands in 1995. In joining Feyenoord, he became one of the few players to represent all of Dutch football's "Big Three". Koeman spent two seasons in Rotterdam, captaining Feyenoord to third- and second-place finishes in the Eredivisie respectively.

Koeman went on to represent his nation at the 1990 and 1994 World Cups, as well as Euro 1992, and picked up a total of 78 caps for the Netherlands, scoring 14 goals.

In 1989, Koeman re-joined his former Ajax coach Johan Cruyff at Barcelona, where he became a member of the famous "Dream Team". During his first season at the club, Barcelona won the Copa del Rey, beating Real Madrid 2–0 in the final. Along with players such as Hristo Stoichkov, Romário, Pep Guardiola and Michael Laudrup, Koeman helped the club win La Liga four years in a row from 1991 to 1994. In 1992, he scored the only goal of the European Cup Final against Sampdoria at Wembley Stadium to make Barça European Champion for the first time in its history. With this, he became the first player to score in two consecutive finals of different European competitions, having scored Barcelona's consolation goal against Manchester United in the 1991 European Cup Winners' Cup Final.

At international level, Koeman was one of the stars of the Netherlands national team, alongside Marco van Basten, Ruud Gullit, Frank Rijkaard and Dennis Bergkamp. During his career with the Netherlands, Koeman won UEFA Euro 1988 and played at the UEFA Euro 1992, 1990 and 1994 FIFA World Cups, captaining the team at the latter.

In the summer of 1986, Koeman controversially transferred to Eindhoven to play for Hans Kraay's champions. Towards the end of the 1986–87 season, Kraay resigned and was replaced by Guus Hiddink, under the management of whom PSV overtook league leaders Ajax in the final weeks of the season to defend their league title. Koeman enjoyed further success with Hiddink and PSV in the following seasons, as the team also won the 1987–88 and 1988–89 Eredivisie titles and the club's first, and to date only, European Cup against Benfica in Stuttgart on 25 May 1988. PSV had also won the KNVB Cup in both 1988 and 1989, making their successes in the two years trebles and doubles respectively. In his three seasons at PSV, Koeman scored 51 goals in 98 league appearances, averaging more than one goal every two matches. During 1987–88, he recorded the highest scoring season of his club career, with 21 goals scored in the league.

Born in Zaandam, Koeman began his career at FC Groningen before transferring to the Netherlands' most successful club Ajax, where he won the national Eredivise title in 1984–85. He then joined Ajax's rivals PSV, winning three consecutive Eredivisie titles (1986–87, 1987–88 and 1988–89) and the European Cup in 1988. Ronald Koeman is one of five European players to ever win a Treble with their club and a cup with their national team in the same year. The other four players are his teammates Hans van Breukelen, Berry van Aerle, Gerald Vanenburg and Wim Kieft. In 1989, Koeman moved to Barcelona and became part of Johan Cruyff's "Dream Team", helping the club win La Liga four years in a row between 1991 and 1994, and the European Cup, where he scored the winning goal of the final against Sampdoria in 1992.

With the Netherlands unable to qualify for UEFA Euro 1984 and the 1986 FIFA World Cup, Koeman's tournament debut came at Euro 1988 in West Germany, where Rinus Michels' team defeated the hosts at the semi-final stage, with Koeman scoring a crucial penalty to equalize and make it 1–1. After this match, Koeman provocatively pretended to wipe his backside with the shirt of Olaf Thon in front of the home supporters. In the final, the Netherlands defeated the Soviet Union 2–0 at Munich's Olympiastadion to win the nation's only major international trophy. This completed Koeman's extraordinary 1988 after winning the treble with PSV. Both Koeman and his central defensive partner Frank Rijkaard were named in UEFA's Team of the Tournament.

In April 1983, Koeman debuted for the Netherlands national team in a 3–0 friendly loss to Sweden in Utrecht. This match also marked the first Oranje appearance for his elder brother Erwin. Ronald's first international goal came in December of the same year, in a 3–0 defeat of Iceland at Groningen's Oosterpark Stadion.

Ronald Koeman (Dutch pronunciation: [ˈroːnɑlt ˈkumɑn] ( listen ) ; born 21 March 1963) is a Dutch retired footballer who has been manager of the Netherlands national team since 2018. He is the younger brother of his former international teammate Erwin Koeman and the son of former Dutch international Martin Koeman. Koeman was capable of playing both as a defender and as a midfielder; he frequently played as a sweeper, although he was equally known for his goalscoring, long–range shooting, and accuracy from free kicks and penalties. He is the top scoring defender in world football.