Economics and Finance, M.A.

  • Unavailable
    Application Deadline
  • 12 months
  • English (book IELTS)
University rank #401 (WUR) ,
This program intends to prepare students for  challenging new financial and industrial environment, as well as for further studies leading to a PhD degree in economics and in finance-related areas.


In an increasingly integrated and competitive world, the need for professionals who have the capability to understand and evaluate complex economic events is greater than ever, both in the financial and the industrial sectors.

Throughout the program students will acquire a solid theoretical basis in economics (micro and macro economics) and finance theory (financial economics, financial markets and institutions, corporate finance, and risk management), and they will be exposed to state-of-the-art analytical tools and techniques of quantitative analysis (statistics and econometrics). The required courses in economic analysis, finance, and quantitative techniques are geared towards this objective. The elective courses are designed to allow students to further specialize in the economic and financial topics (such as banking, derivatives, strategic decision-making, portfolio management). These elective courses are application-oriented and are prepared in close collaboration with the leading practitioners in the Turkish and international markets. Additionally, students are required to write a project paper during the summer term.

Intensive refresher courses will be offered in mathematics and accounting.

Programme Structure

The program consists of three terms: Fall, Spring, and Summer. The Fall and the Spring terms are of 12 teaching weeks, while the Summer term is of 6 teaching weeks with doubled teaching load.

Detailed Programme Facts

  • Deadline and start date Application period for Spring 2018 Term : 11 - 18 December 2017
  • Programme intensity Full-time
    • Full-time duration 12 months
    • Duration description

      The program consists of 12 week Fall and Spring terms along with 6 teaching weeks of Summer term.

  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:


    The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

  • Minimum required score:


    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Before starting a programme, you need to have a basic knowledge of the English language.

Find English courses on Preparation Courses Portal.

Academic Requirements

You need the following GPA score:

Required score: 2

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to 2 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

  • GMAT/ALES/GRE exam results are not required to be eligible to apply to Econfin program.
  • Two letters of recommendation (academic/business). Download forms here: Letters of Recommendation (pdf or word)
  • A statement of purpose in English (not exceeding 200 words) explaining your  reasons for applying to this program ;
  • CV
  • Official Transcript
  • Diploma or Certificate of Graduation
  • Student Disciplinary Record
  • English Language Certificate (For more details for Minumum required scores for Proof of English proficiency please refer program admissions page:

Tuition Fee

ECONFIN is a tuition-based program.

Living costs for Istanbul

  • 2000 - 3200 TRY/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


Scholarships are granted in the form of a partial tuition waiver to a few outstanding candidates. Scholarship recipients are expected to excell in the program. All applicants are considered for scholarship automatically.

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.