Master in Finance

The Master’s is taught over a 11-month period and it is organized in four 7-week terms. The 60 ECTS programme consists of compulsory (30 ECTS) and elective courses (24 ECTS) plus an End-of-Master project (6 ECTS) where the student specializes in a particular topic under the guidance of one of our academic experts.

Prior to the official beginning of classes, around the second week of August, there will be some compulsory online preparatory courses. There will also be a related exam on-campus during the first week of September.

The elective courses are designed so that students can specialize in the particular aspects of finance that are best suited to enhance his/her career. The program includes voluntary seminars on topics like investment banking or R programming language, among others.

C= Compulsory: 30 ECTS

E= Elective Course: 24 ECTS

* Choose 2 elective courses among:
In this first term, the elective courses are established by the Academic Committee to ensure all students get a basic and homogeneous knowledge in Accounting, Computer Tools (Matlab) and Macroeconomics. Students with a Bachelor in Economics must choose Financial Accounting and Computer Tools. Mathematicians or engineer must choose Financial Accounting and Macroeconomics, and students coming from Business Studies must select Macroeconomics and Computer Tools.

Master's Thesis: 6 ECTS

course Programs

◤ Access to previous course programs

General Course Information

☛ First year offered: 2011

• Information about Master´s Degree
• Verification Report
• External evaluation and Monitoring Reports

QUALITY INDICATORS

☛ Master's Degree indicators

☛ Labour insertion indicators

PROGRAMME’S QUALITY ASSURANCE

The Academic Committee of the Master’s programme complies with the SGIC-UC3M and it is responsible for the follow-up, analysis, review, assessment and quality of the program, it contributes with proposals to improve the program and produces the “Memoria Académica de Titulación” (Programme Report).

• Academic Committee

Graduate Profile and Competences

• Graduate profile and competences

Application

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

• Documentation that must be uploaded to the on line application
• Calendar and general information about admission 
• Follow the step-by-step instructions in the application for admission

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.

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.

FEES *

2022-2023 Academic year

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)

✎│Programme’s fees

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

* Pending approval by the Community of Madrid for the academic year 22/23

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

Best Practices and Regulations

• [+] information
• Student disciplinary system
• Ethical code
• Enrollment and permanence rules
• Master's Thesis rules
• Rules for credits recognition

Job Market

As a Master's student you can take advantage of our Placement Office or the UC3M Guidance&Employment, 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