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Master in Finance

Graduate School of Business

Imagen presentación del máster
Direction
Professor Jesús David Moreno Muñoz
Deputy Direction
Professor David Quintana Montero
Language
English
Attendance
On-campus
Credits
60
Campus
Madrid - Puerta de Toledo
Applications

 Open 

☛  Places available: 45

Departments
Business Administration Department

CONTACT

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APPLICATION FOR ADMISSION

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  • Inicio

    The MSc in Finance is a one-year full-time* official programme of the highest quality. It is currently ranked among the best Masters in Finance in the world by both the Financial Times and best-masters.com.

    Our graduates develop their careers in investment banking, financial boutiques, private equity and financial departments in non-financial entities. Students may do internships after the third term for a maximum of 9-months. In the past editions students found employment in top companies as: Moodys, Deutsche Bank, BNP Paribas, CNMV, KPMG, Deloitte, BBVA, Santander Bank, Credit Suisse, Sabadell Bank, Repsol, Endesa, JP Morgan, Goldman Sachs, UBS, among others. 

    The programme has exchange agreements with top universities in Europe (Tilburg University, Humboldt Universitat and Maastricht University) and America (The City University of New York or EAFIT) enabling some students to study abroad additional courses. Graduates have the option to pursue a second year at Stevens Institute of Technology to obtain a Master’s Degree in Financial Technology and Analytics. The Master's in Financial Technology and Analytics program is designed for students wanting to pursue Data Science and Fintech careers in the financial industry.

    CFA InstituteCAIA and GARP Academic Parter. The program covers specific contents aligned with CFA, CAIA and FRM certification exams, including 70% of the CBOK topics for all three levels of the CFA Program exams.
     

    * Attendance is mandatory

    _______

    logotipo Financial Times ranking Master in Finance 2023

    The Master in Finance is ranked 24th worldwide according to the FT Ranking 2023: Masters in Finance Pre-Experience.

    Reasons to study master in finance

    │MASTER IN NUMBERS

    • ☛ Among the Top 24 Masters in Finance (FT Ranking 2023)
    • ☛ 52% of foreign students
    • ☛ 1st AACSB Accredited Spanish Public University
    • ☛ Nº2 Spanish master program in Financial Markets (2022-23, Best Masters Ranking)
    • ☛ More than 80% employment three months after graduation
    • ☛ Ranked among the Top 20 masters in finance in the world by the Times Higher Education ranking
  • CURRICULUM
  • FACULTY

    UC3M FACULTY

    • GUO, BING
      Business Administration Department
      Visiting Professor
      PhD
      Brief CV
    • GUTIERREZ URTIAGA, MARÍA
      Business Administration Department
      Associate Professor
      PhD
      Brief CV
    • JACOBS, GERARDO
      Department of Economics
      Visiting Professor
      PhD
      Brief CV
    • LOPES MOREIRA, MARÍA HELENA
      Department of Statistics
      Associate Professor
      PhD
      Brief CV
    • MARÍN VIGUERAS, JOSÉ M.
      Business Administration Department
      Full Professor
      PhD
      Brief CV
    • MARTÍNEZ MIERA, DAVID
      Business Administration Department
      Visiting Professor
      PhD
      Brief CV
    • MORENO, JESÚS DAVID
      Business Administration Department
      Associate Professor
      PhD
      Brief CV
    • PENALVA, JOSÉ
      Business Administration Department
      Associate Professor
      PhD
      Brief CV
    • PEÑA, JUAN IGNACIO
      Business Administration Department
      Full Professor
      PhD
      Brief CV
    • QUINTANA, DAVID
      Department of Computer Science
      Associate Professor
      PhD
      Brief CV
    • RUIZ, ESTHER
      Department of Statistics
      Full Professor
      PhD
      Brief CV
    • SERRANO, PEDRO
      Business Administration Department
      Associate Professor
      PhD
      Brief CV
    • TAPIA, MIKEL
      Business Administration Department
      Full Professor
      PhD
      Brief CV
    • TOLDRÁ, ANNA
      Business Administration Department
      Visiting Professor
      PhD
      Brief CV
    • TRIBÓ GINÉ, JOSEP
      Business Administration Department
      Full Professor
      PhD
      Brief CV

    EXTERNAL FACULTY

    • ARTOLA, MIGUEL
      Head of Financial Markets Department
      PhD in Mathematics
      BANKINTER
    • BALDOMINOS GÓMEZ, ALEJANDRO
      Director of Data Science
      PhD in Computer Science and Technology
      SMILE AND LEARN
    • BEKIAROPOULOS DONATE, SALVADOR
      Banking Supervisor
      Master in Audit and Accounting
      EUROPEAN CENTRAL BANK (ECB)
    • BODEGA, BRUNO
      CEO
      MBA
      ALMAGRO CAPITAL
    • CARRIÓN, JOSÉ IGNACIO
      Private Equity Mandate Officer
      MSc in Finance
      EUROPEAN INVESTMENT FUND (EIF)
    • CIENFUEGOS, DAVID
      Senior Director
      Head of Investments, Continental Europe
      WILLIS TOWERS WATSON
    • COBO, ROBERTO
      FX Strategist
      B.Sc. Economics, B.A. Business
      BBVA
    • CRESPO, RAÚL
      Director. Corporate Finance, M&A
      B.A. Business Administration
      KPMG
    • DE CASTRO, MARCOS
      MSc Quantitative Finance
      Freelance Senior Advisor
    • DE LA PLAZA, LUIS
      Treasury, Lead Financial Officer
      PhD
      WORLD BANK
    • DOMÍNGUEZ, FERNANDO
      Head of Real Estate Asset Management Iberia
      DWS - ALTERNATIVES
    • FERNÁNDEZ FERNÁNDEZ, FRANCISCO JAVIER
      Global FX Chief Operating Officer - Product Manager
      Managing Director  
      Executive MBA - IESE
      BBVA
    • FERNÁNDEZ MACHO, CÉSAR
      Senior Portfolio Manager
      B.A. Economics
      JULIUS BAER
    • GOMAR, ALEJANDRO
      Assistant Vice President - Manager
      MSc in Finance
      MOODY’s INVESTORS SERVICE
    • GONZÁLEZ, MARÍA TERESA
      Senior Economist
      PhD
      BANK OF SPAIN
    • LABANDA, ARTURO
      Market Risk Models. Head of Valuation Methodologies
      Master in Economic Analysis
      BANCO SANTANDER
    • MORENO, MANUEL
      Department of Economic Analysis and Finance
      Associate Professor
      PhD
      UNIVERSIDAD CASTILLA LA MANCHA
    • PELLEGRINI, SANTIAGO
      Senior Manager, Head of Risk modelling at the Strategy Office
      PhD in Business and Quantitative Methods
      REPSOL S.A.
    • PERALTA, GUSTAVO
      Senior Manager
      PhD
      KPMG
    • RUBIA, ANTONIO
      Department of Financial Economics and Accounting
      Associate Professor
      PhD
      UNIVERSIDAD DE ALICANTE
    • TENORIO, JUANJO
      General Manager
      PhD
      ARIAL CAPITAL PARTNERS
    • VIDAL, LADISLAO
      Senior ALM & Market Risk Consultant
      MSc in Finance
      FIS
    • VILLAPLANA, PABLO
      Chief Operating Officer
      PhD in Economics
      OMICLEAR
    • YZAGUIRRE, JORGE
      CEO
      PhD
      BOLSA DE MADRID
  • ADMISSION
    • ADMISSION

      Application

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

      Requirements

      Bachelor’s degree. Foreign applicants must possess an equivalent degree (three or more years of university studies) from an official university. Students in the last year of their Bachelor’s studies may also apply for admission; their application will be considered upon confirmation that they have successfully completed their Bachelor’s programme.

       

      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 Excellence: Successful applicants will have excellent bachelor degree results and the appropriate education to make the most of the programme. The Committee value the presentation of the Graduate Record Examination (GRE) or the Graduate Management Admission Test (GMAT) results, as evidences in candidates’ quality.
      • Curriculum Vitae, aims for the future and, if required, personal interview.

      Admission Profile

      The Master is aimed at students with little or no previous experience. The student profile of this Master in Finance is any individual with a Bachelor’s or Degree in Economics or Business Administration (with a quantitative profile) or in Statistics, Mathematics or Engineering and whose goal is to work in the financial industry. It must be a person with intellectual curiosity, knowledge of English, and quantitative skills.

      CRITERIA FINAL EVALUATION
      Academic Excellence 70 points
      Curriculum Vitae 20 points
      Languages 10 points
      Total 100 points

      language requirements

      Since English is the official language of the programme, a high level of written and spoken English is required. This knowledge can be accredited with the results of an official C1 English diploma (CEFR) including evaluation of the 4 areas: listening, reading, speaking and writing. As a general rule, the following minimum scores for other certificates are required:

      • TOEFL (iBT): 95-120
      • IELTS: 7.0 - 8.0
      • Cambridge ESOL: Certificate in Advanced English (CAE)
      • TOIEC (Four skills): ≥ 1305
      • Linguaskill: minimum of 185

      The language requirements will not be required to those students whose mother tongue is English or students who have completed their undergraduate studies in English, upon presentation of the relevant documentation.

      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

      TUITION FEES*

      Reservation fee: €1,500

      • 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: €9,000 (€150/ECTS credit)
      • Non EU students: €13,500 (€225/ECTS credit)

      ✎│Tuition fees
       

      NOTE: the indicated public prices do not include in any case, neither the ECTS corresponding to the Formative Complements that the student must take (only master's degrees with previous Formative Complements), nor the cost of issuing the master’s degree certificate.

      _______

      * Current fees for the 23/24 academic year, pending approval by the Community of Madrid for the 24/25 academic year.

      Additional information

      • You may enrol on the master’s degree after completing the admission process and receiving formal confirmation of your acceptance.
      • 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

    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
    • Inicio

      titulo cabecera para seccion recursos materiales del máeter

      Material Resources of the programme

      Madrid - Puerta de Toledo Campus

      titulo cabecera para sección quejas, reclamaciones y sugerencias

      complaints and suggestions

      General Registry Office

      Contact mailbox 

    • MORE INFORMATION

      Students - Master in Finance

      Job Market

      As a Master's student you can take advantage of our Placement Office or the UC3M Career service, where you can search for internships and full-time job offers. The internship aids in the development of connections and expertise that are crucial during your job search.

       

      Internships

      Our students are allowed to do internships after they finished the third term. In previous editions more than 90% of students attained an internship completely related to finance in top institutions such as: BNP Paribas (Investment banking, M&A), Credit Suisse (risk management), BBVA (fixed income trading, forex market), Santander Bank (risk management, Portfolio management), Moodys (banking analyst), CNMV, Repsol, among others.

       

      Full-employment

      Our graduates have found full-time job in prestigious companies: JP Morgan, Goldman Sachs, Credit Suisse, BBVA, UBS, Moodys, Phillips, Repsol, BNP Paribas, KPMG, Delloitte, Deutsche Bank (DWS), Commerzbank. They are working many countries worldwide, not only in Spain.
      Special attention is placed in helping our students to get a position in those international institutions. Our graduates find a job in Spain, USA, UK, Germany, France, Italy, Rumania, Russia, Venezuela, Colombia, Canada, Holland, China and Taiwan.

       

      Pursuing a Top Doctoral Degree

      The MSc in Finance allows the best students in each class to access for a PhD in the Business Department of Universidad Carlos III (ranked as the Best Business Administration doctoral programme in Spain). Students are awarded a grant to study for their PhD and finish their doctoral thesis in the next 4 years.

      Additional Information

      Living Madrid, accommodation, ID card, inssurance...

      [+] information

  • INTERNATIONAL

    Logos Universities - Exchange

    STUDYING IN TWO DIFFERENT COUNTRIES

    MSc in Finance has Exchange agreements with Top Universities in Europe and America, enabling study abroad for our students*. According to previous students this is a fantastic experience and they recommend it to future students.

    Marta M. (MSc in Finance, Edition 2013-14) “I did an Exchange program at Audencia School of Management in Nantes (France). I definitely recommend it. It provides you a great opportunity to discover and visit new places and meet new people and learn about their cultures. I am totally sure this will add an extraordinary value to my career.  The employer recognizes the person’s ability to adapt to new and challenging situations ...”.
     

    * The number of exchange slots is limited.
     

    BARUCH COLLEGE - NEW YORK

    STUDYING IN MADRID AND NEW YORK (12 months in Madrid + 6 months in New York)

    After finishing the regular program in Madrid, students can apply to extend their education in Baruch College (The City University of New York) in USA. During this time, students will be able to specialize, for example, in courses related to entrepreneurship, or use the trading room at Baruch College to learn how to use Reuters or Bloomberg terminals in various specialized seminars.
     

    Official recognition

    Students receive formal recognition for their academic study period abroad in the transcript of records and in the degree certificate.
     

    Admission

    Interested students must request admission to the International Program to the Master’s direction at the end of the second term. The admission to the program will be decided by the Master’s direction on the basis of the academic excellence, as measured in terms of the average mark of the first and second term of the regular master program. There are a limited number of places available.

    The University will offer scholarships for all the students admitted to the program, awarded on the basis of academic excellence / record within the Master’s.

    EAFIT-COLOMBIA

    STUDYING IN COLOMBIA AND MADRID (Double Master's degree EAFIT+UC3M)

    Students from EAFIT (Colombia, Maestría en Administración de Empresas) can achieve a double degree (Maestría en Administración de Empresas & MSc in Finance) studying some courses in Uc3m (Madrid). Our students are also allowed to study in EAFIT (Colombia).

    EUROPEAN UNIVERSITIES

    STUDYING IN TWO UNIVERSITIES IN EUROPE (12 months in UC3M + 4-6 months other top University)

    This program extension is included in the Erasmus Exchange Program. Our students can apply to extend their education in another prestigious university. Our students can chose among the following institutions:

    Official recognition

    Students receive formal recognition for their academic study period abroad in the transcript of records and in the degree certificate.
     

    Admission

    The University will offer scholarships for all the students admitted to the program, awarded on the basis of academic excellence/record within the Master’s.

    DUAL DEGREE: UC3M - STEVENS INSTITUTE OF TECHNOLOGY (NY, USA)

    MASTER IN FINANCE (UC3M) AND MASTER OF SCIENCE IN FINANCIAL TECHNOLOGY AND ANALYTICS (STEVENS INSTITUTE OF TECHNOLOGY)

    The UC3M-FIN is taught over an 11-month period, and it is organized in four 7-week terms. During each of the first three terms, the students complete 15 ECTS credits. During the final term, the students complete 9 ECTS and start an End-of Master project for 6 credits.

    The coordinated program will recognize some of the courses taken at UC3M to count for 9 credits toward the Stevens MFTA degree. The following credit conversion is established: 6 ECTS = 3 US credit hours. The following courses are deemed equivalent:
     

    Stevens Core Course Carlos III Compulsory Course
    FA 541 Applied Statistics with Applications in Finance (3 credits) Financial Statistics (3 ECTS) 1st term mandatory
    Econometrics for Finance (3 ECTS) 2nd term mandatory
    FE 535 Introduction to Financial Risk Management (3 credits) Derivatives (3 ECTS) 2nd term mandatory
    Risk Management (3 ECTS) 3rd term mandatory
    FE 620Pricing and Hedging (3 credits) Advanced Derivatives (3 ECTS) 3rd term elective
    International Finance (3 ECTS) 3rd term elective

    The students will complete these courses during their first year in Madrid. Upon arrival at Stevens, the students would complete the following courses:

    MFTA with concentration in Financial Data Science

    Stevens Semester 1:

    • FA582 Foundations of Financial Data Science (2 credits)
    • FE513 Financial Lab: Practical Aspects of Database Design (1 credit)
    • FA590 Statistical Learning in Finance (3 credits)
    • FE511 Introduction to Bloomberg and Thomson Reuters (1 credit)
    • FE515 Introduction to R (1 credit)
    • FE520 Introduction to Python for Financial Applications (1 credit)
    • Elective 1

    Stevens Semester 2:

    • FA542 Time Series with Applications to Finance (3 credits)
    • FA800 Project in Financial Analytics (3 credits)
    • Elective 2
    • Elective 3 (if choosing to do a concentration)

    MFTA with concentration in Financial Technology

    Stevens Semester 1:

    • FA582 Foundations of Financial Data Science (2 credits)
    • FE513 Financial Lab: Practical Aspects of Database Design (1 credit)
    • FA590 Statistical Learning in Finance (3 credits)
    • FE511 Introduction to Bloomberg and Thomson Reuters (1 credit)
    • FESIS Introduction to R (1 credit)
    • FE520 Introduction to Python for Financial Applications (1 credit)
    • FA595 Financial Technology

    Stevens Semester 2:

    • FA542 Time Series with Applications to Finance (3 credits)
    • FA591 Blockchain Technologies and Decentralized Finance (3 credits)
    • FA596 Digital Payment Technologies and Trends (3 credits)
    • FA800 Project in Financial Analytics (3 credits)

    Since all of Stevens's programs are STEM-designated, you could pursue employment in the US right after your graduation from Stevens.

    All students admitted to this coordinated program will receive a scholarship of $10,000.
     

    More information about tuition, fees, and cost of living