Cookie usage policy

The website of the University Carlos III of Madrid use its own cookies and third-party cookies to improve our services by analyzing their browsing habits. By continuing navigation, we understand that it accepts our cookie policy. "Usage rules"

Master in Business and Finance (MRes)

Graduate School of Business

Direction
Prof. Neus Palomeras Vilches
Deputy Direction
Prof. Anna Toldrá Simats
Language
English
Attendance
On-campus
Credits
120
Campus
Getafe
Applications

 Open 

☛  Places available: 25

Departments
Business Administration Department

MORE INFORMATION HERE

Click here and make your query

 

APPLICATION FOR ADMISSION

» Access your master

Use your 4 digit password to complete your application.

  • Inicio

    The Master in Business and Finance is a research master (MRes), with specializations in the main areas of business (Accounting, Finance, Management and Marketing). This two-year master provides students with the statistical-econometric tools and the theoretical knowledge needed to study the business reality with analytical lenses.

    The master is oriented to students with curious mindsets interested in understanding the business world from a rigorous and multidisciplinary perspective. It combines core courses that convey the foundations of analytical skills and specialized courses that expose students to the state-of-the-art research in their area of interest.

    These two-years of coursework are considered as the first part of the Doctoral program for the students who are admitted into the PhD. The Doctoral program consists of the two years of thorough coursework (MRes) followed by three years of thesis writing under the guidance of an expert supervisor (PhD).

    The Master is offered by the Business Administration Department at UC3M, known by its long-standing commitment to quality instruction and rigorous training.

    _______

    📥 │ PhD Brochure

    logotipo AACSB Accredited

    Imagen lupa bolígrafo y papeles

    Reasons to study master in business and finance

     

     

     

    │MASTER IN NUMBERS

    • ☛ 100% in English
    • 80% of international students
    • ☛ About 75% of our students receive full financial support (tuition fee waiver + monthly stipend)
    • ☛ About 70% of our graduates pursue a PhD
    • 1st Spanish public Business School (Eduniversal ranking)
    • ☛ The only AACSB-accredited Spanish public Business School
    • ☛ In the Top 10 of young European universities (QS Top 50 Under 50 ranking)
  • CURRICULUM
  • FACULTY

    Our program offers instruction from top-quality faculty with strong research interests and publishing in the top academic outlets. Our faculty members have obtained their PhDs from the most prestigious universities in the US (MIT, Pennsylvania, Stanford, UCLA) and Europe (Bocconi, CEMFI, LSE, Toulouse, Universitat Autònoma de Barcelona or Universitat Pompeu Fabra).

    Moreover, the master benefits from the strong collaborative ties we maintain with prestigious academics from top universities, who visit the department for seminars or short-courses. In the last years, we have invited reputed professors to give short courses to our students such as Prof. Andrés Almazán (McCombs School of Business, U. Texas), Prof. Ashish Arora (Duke University), Prof. Gerald Dwyer (Center for Financial Innovation and Stability), Prof. Diego García (University of Colorado, Boulder), Prof. David Luna (Zicklin School of Business, Baruch College), and Prof. Fernando Zapatero (USC Marshall School of Business).

    UC3M FACULTY

    • BALBÁS, ALEJANDRO
      Department of Business Administration
      Full Professor
      PhD in Mathematical Sciences
      Brief CV
    • BARROSO, ALICIA
      Department of Business Administration
      Associate Professor
      PhD in Economics - CEMFI
      Brief CV
    • DESENDER, KURT
      Department of Business Administration
      Associate Professor
      PhD in Economics, Management and Organization - Universidad Autónoma de Barcelona
      Brief CV
    • VRIES, ELINE DE
      Department of Business Economics
      Associate Professor
      PhD in Economics, Management and Organization - Groningen University
      Brief CV
    • GARCÍA LARA, JUAN MANUEL
      Department of Business Administration
      Full Professor
      PhD in Accounting - Universidad de Valencia
      Brief CV
    • GARCÍA OSMA, BEATRIZ
      Department of Business Administration
      Full Professor
      PhD in Accounting & Finance - Lancaster University
      Brief CV
    • GÓMEZ MEJÍA, LUIS
      Department of Business Administration
      Full Professor (Arizona State University)
      PhD in Industrial Relations - U. of Minnesota
    • GUTIÉRREZ, ISABEL
      Department of Business Administration
      Full Professor
      PhD in Business Economics - Universidad de Sevilla
      Brief CV
    • GUTIÉRREZ, MARÍA
      Department of Business Administration
      Associate Professor
      PhD in Economics - Universidad Complutense de Madrid
      Brief CV
    • KARALAS, GEORGIOS
      Department of Business Administration
      Assistant Professor
      PhD in Finance - University of Piraeus
      Brief CV
    • MACÍAS, MARTA
      Department of Business Administration
      Associate Professor
      PhD in Economics and Business - Universidad de Jaén
      Brief CV
    • MARÍN, JOSÉ
      Department of Business Administration
      Full Professor
      PhD in Economics - University of Pennsylvania
      Brief CV
    • MARTÍNEZ-MIERA, DAVID
      Department of Business Administration
      Associate Professor
      PhD in Economics - CEMFI y UIMP
      Brief CV
    • MEILÁN, ANDREA
      Departament of Statistics
      Assistant Professor
      PhD in Applied Mathematics – Universidad de Cantabria
    • MELERO, EDUARDO
      Department of Business Administration
      Associate Professor
      PhD in Management - Universitat Pompeu Fabra
      Brief CV
    • MINGUEZ, ROBERTO
      Departament of Statistics
      Associate Professor
      PhD in Applied Mathematics – Universidad de Cantabria
    • MONTES, MARIA JOSÉ
      Department of Business Administration
      Associate Professor
      PhD in Economics and Quantitative Methods - Universidad Carlos III de Madrid
      Brief CV
    • MORENO, DAVID
      Department of Business Administration
      Associate Professor
      PhD in Economics - Universidad de Alcalá
      Brief CV
    • ORTEGA, JAIME
      Department of Business Administration
      Associate Professor
      PhD in Economics - Massachusetts Institute of Technology
      Brief CV
    • PALOMERAS, NEUS
      Department of Business Administration
      Associate Professor
      PhD in Management - Universitat Pompeu Fabra
      Brief CV
    • PENALVA, JOSÉ
      Department of Business Administration
      Associate Professor
      PhD in Economics - University of California, Los Angeles (UCLA)
      Brief CV
    • PEÑA, NACHO
      Department of Business Administration
      Full Professor
      PhD in Economics - Universidad Autónoma de Madrid
      Brief CV
    • PIAZZAI, MICHELE
      Department of Business Administration
      Assistant Professor
      PhD in Business Administration - Delft University of Technology
    • REIS, SAMIRA
      Department of Business Administration
      Associate Professor
      PhD in Business Administration - Bocconi University
      Brief CV
    • RICO, RAMÓN
      Department of Business Administration
      Full Professor
      PhD in Psychology – Universidad Autónoma de Madrid
      Brief CV
    • RUDIGER, JESPER
      Department of Business Administration
      Associate Professor
      PhD in Economics – Universidad Carlos III de Madrid
      Brief CV
    • RUIZ VERDÚ, PABLO
      Department of Business Administration
      Associate Professor
      PhD in Economics - Stanford University
      Brief CV
    • SAMARTIN, MARGARITA
      Department of Business Administration
      Associate Professor
      European Doctorate in Quantitative Economics - CORE-LSE-DELTA-U. Bonn
      Brief CV
    • SERRANO, PEDRO
      Department of Business Administration
      Associate Professor
      PhD in Finance – Universidad del País Vasco
      Brief CV
    • TOLDRÀ, ANNA
      Department of Business Administration
      Associate Professor
      PhD in Economics - University of Toulouse
      Brief CV
    • VEIGA, HELENA
      Departament of Statistics
      Associate Professor
      PhD in Economics - Universitat Autònoma de Barcelona
      Brief CV
    • VIDAL, JOSÉ
      Department of Business Administration
      Full Professor
      PhD in Economics - Universidad Carlos III de Madrid
      Brief CV

     

  • ADMISSION
    • ADMISSION

      Application

      The request is made electronically through our application. Before starting the admission process, please, read the following information:

      Requirements

      Admission requirements to the program entail the possession of a bachelor’s degree, or equivalent, with quantitative training in the fields of Business Administration or Economics or related areas (Statistics, Mathematics, Engineering, etc.).

      Graduates from programs with a weak quantitative content need to provide strong evidence that they have sufficient quantitative skills or ability to acquire them (high quantitative GRE scores, high scores in quantitative subjects, extra-courses or specialization/minors in quantitative subjects, etc.).

       

      Language requirements

      Students must demonstrate a working knowledge of the English language, with a minimum required level of B2.

      English skills must be accredited with the results of an official English diploma (CAE, IELTS, TOEFL).

      Check here the accepted diplomas and minimum scores required.

       

      Admission criteria

      Admission will be decided by the Master’s Academic Committee. Candidate selection will be done on the basis of the following criteria:

      • Academic record
      • Quantitative background of students in Business Administration or related areas
      • The prestige of the university of origin
      • Letters of recommendation and motivation.

      The candidate’s academic records and background will have a minimum weight of 50% and the university of origin at least 25%.

      Documents

      Document Notes / explanations
      Application Form Personal information and academic data of the candidate.
      Two reference letters Recommendation letters are very important to evaluate the candidate. They must be recent letters by professors who know the intention of the candidate to pursue a MRes. They must be informative about the ability and motivation of the candidate to pursue a MRes/PhD studies. Referees must send the letters to soporte@postgrado.uc3m.es, mentioning the name of the candidate and the master.
      Affidavit of previous studies and conditioned enrollment To be submitted only if the candidate has not completed the bachelor's degree at the time of application 
      Official Degree (As soon as it is available) Official Bachelor’s degree. Other titles will be considered as complementary documents to enhance the candidate’s application.
      Official academic transcripts ***** Academic records from the candidate’s Bachelor’s degree. Transcripts from other academic degrees will be considered as complementary documents. You can submit provisionary grades from a program you are currently enrolled 
      Curriculum vitae Resume in English
      A brief statement of purpose Motivation letter stating your interest for the program and your field of interest
      GRE scores* Not compulsory but highly recommended
      English Certificate Official English diploma (see language requirements)

      students with foreign university degrees

      Once admitted to the Master’s, students with university degrees issued by a higher education institution belonging to an educational system outside the EHEA, must provide, for enrolment, the diploma, legalized by diplomatic procedures or by means of The Hague Apostille. They must also submit the transcript of records, with the grade point average, duly legalized.

      More information about Legalization of Foreign Documents.

      If needed, documents must be accompanied by an official sworn translation into Spanish.

    • ENROLLMENT

      FEES *

      2022-2023 Academic year

       

      Reservation fee: €450 

      • it will be paid once the student receives notification of admission to the master’s, and deducted from the first tuition payment
      • the reservation fee will only be refunded if the master program is cancelled

      60 ECTS in the first academic year:

      • EU students: €2,701.2 (€45.02/ECTS credit)
      • Non EU students: €5,044.2 (€84.07/ECTS credit)

       

      ✎│Programme’s fees


      NOTE: The enrolment fees do not include the cost of issuing the master’s degree certificate.

      Additional information

      • You may enrol on the master’s degree after completing the admission process and receiving formal confirmation of your acceptance.
      • When performing the enrolment you can choose between Full-time enrolment or Part-time enrolment.
      • The email address provided upon enrolment will be used for formal communications; students are therefore kindly requested to check their mail regularly.
      • Pursuant to the regulations of the Universidad Carlos III de Madrid, a student failing to pay any part of the fees will not be admitted and the enrolment process will be terminated. In cases of cancellation of enrolment due to non-payment, the University may demand the payment of the pending amounts for enrolment in previous academic courses as a prior condition of enrolment.
        No diploma or certificate will be issued if a student has any outstanding payments.

      ✎│Enrolment master’s programmes

      ✎│ECTS credits recognition

  • SCHOLARSHIPS

    UC3M FULL SCHOLARSHIPS TO THE MASTER'S STUDY FOR THE ACADEMIC YEAR 2022/2023

    CALL M02-2223 │ RESOLVED

    The Carlos III University of Madrid announces 8 full scholarships to study the Master in Business and Finance in the academic year 2022/2023, which gives access to doctoral programs of the UC3M.

    The University also includes 4 full scholarships for people with disabilities equal or greater than 33%, which will be assigned among the Master's Degree programs listed in Annex II of this call, which includes this Master's Degree program. In this case, it will be an essential requirement to prove such degree of disability.


    The full aid will include the corresponding academic fees, as well as an annual allowance of € 11,500.

    To apply for the aid it is necessary to have made the application for admission to the Master. Once the notification of admission is received, the student must pay the place reservation within the established deadlines (if the student is finally awarded, the amount of the reservation will be refunded).


    Application deadline: June 15, 2022

    Resolution: published on 19/07/2022


    [+] information

     

    CALL M01-2223 │ RESOLVED

    The Carlos III University of Madrid announces 12 full scholarships to study the Master in Business and Finance in the academic year 2022/2023, which gives access to doctoral programs of the UC3M.

    The University also includes 5 full scholarships for people with disabilities equal or greater than 33%, which will be assigned among the Master's Degree programs listed in Annex II of this call, which includes this Master's Degree program. In this case, it will be an essential requirement to prove such degree of disability.


    The full aid will include the corresponding academic fees, as well as an annual allowance of € 11,500.

    To apply for the aid it is necessary to have made the application for admission to the Master. Once the notification of admission is received, the student must pay the place reservation within the established deadlines (if the student is finally awarded, the amount of the reservation will be refunded).


    Application deadline: March 11, 2022

    Resolution: published on 23/04/2022


    [+] information

    SCHOLARSHIPS FROM THE MINISTRY OF EDUCATION 2022/2023 │ CLOSED

    General scholarships for official Master's Degree students for the 2022-2023 academic year.

    • Application deadline: March 30 to May 12, 2022 at 24.00h, peninsular time, both inclusive.
      Application deadline extended until May 16, 2022. 
    • The application must be completed using the form accessible online through the Sede electrónica or at www.educacionyfp.gob.es.

    [+] information

    General information on scholarships

    For more information on specific scholarships of interest awarded by UC3M and by other agencies or organisations.

    🎓 │ Scholarships to study a University Master

  • PRACTICAL INFORMATION

    titulo cabecera para seccion recursos materiales del máeter

    MATERIAL RESOURCES OF THE PROGRAMME

    Material resources of Getafe Campus

    titulo cabecera para sección quejas, reclamaciones y sugerencias

    complaints and suggestions

    General Registry Office

    Contact mailbox 

    icono cabecera para sección empleo y practicas

    Employability

    Access to Employment and internships

  • JOB PLACEMENT

    Placement of students: Master and PhD program

    Students from the Master in Business and Finance (and from the PhD program, for those who pursue their doctoral studies) have found employment in:

    • Academic positions at universities such as: BI Norwegian Business School, Copenhagen Business School, Erasmus University, Groningen University, IESE, Instituto de Empresa, ITAM, Lancaster University, Max Planck Institute, Universidad Autónoma de Barcelona, Universidad de Navarra, Universidade Nova de Lisboa, University College London, Stockholm School of Economics, as well as in Central University of Finance and Economics, Jinan University, Xiamen University and Zhongnan University of Economics and Law
    • Research institutions and regulators: Banco Central (Brasil), Spanish stock market regulator (CNMV), Portuguese stock market regulator (CMVM)
    • Private companies: AB InBev, AIReF, Amazon, Bank of China (London), BBVA Research, Boston Consulting Group, CommerzBank, Cushman & Wakefield, Deutsche Telekom, Everis, Goldman Sachs, KPMG, Newbers Advanced Analytics or Repsol YPF.

     

    University-wide placement services

    The University's Foundation (Fundación Universidad Carlos III) holds a careers service (UC3M Guidance & Employment) which orients, informs and helps graduates to access the labour market.

    UC3M Guidance&Employment