Finance, Master

  • Application Deadline
  • 12 months
  • English (book IELTS)
University rank #281 (QS) ,
The objective of the Master in Finance is to train highly qualified professionals to make decisions in today's challenging financial sector. Our training will allow graduates to take management positions in high-profile firms or proceed to more advanced graduate studies in the field of finance and economics.


The Master degree in Finance is a full-time official program of the highest quality run by the Universidad Carlos III de Madrid. The Master in Finance is designed for individuals without previous experience in financial markets but who seek to specialize in the field of finance and to obtain a solid knowledge of the three main areas of finance: Financial Markets, Corporate Finance, and Financial Institutions. The Master in Finance will enable individuals to analyze the firm's financial problems in a more rigorous and effective fashion.

The Master is a 11-month full-time programme where students complete 60 ECTS credits. These credits consist of compulsory and elective courses plus an end-of-year project where the student specialises in a particular topic under the guidance of one of our academic experts. The elective courses are designed so that students can specialise in the particular aspects of finance that are best suited to enhance his/her career.

This new Master programme is conceived to provide a sound theoretical and applied knowledge in Finance for individuals of different academic backgrounds (such as Economics, Business, Physics, Mathematics and Engineering), who want to develop a successful career in finance.

To achieve this goal, the master is based on a very qualified faculty incorporating both prestigious academics professors from top universities and very experienced profesionals from financial markets.

The Universidad Carlos III de Madrid is highly ranked in the field of business, economics and finance and is consistently ranked as the top institution in Spain for business studies according to research conducted by the newspaper "El Mundo". The Master in Finance is run by the Department of Business which, based on publications in academic journals, was ranked as the best business department in Spain in 2009-2010, as well as amongst the top seven in Europe and in the top 100 world-wide.

Recommended Student Profile

Bachelor of Science (BSc) or Undergraduate Degree in Business Administration, Economics, Mathematics, Physics or Engineering.

Full command of written and spoken English.

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.


The Masters Degree is an official degree and as such is thoroughly regulated. The Official Masters Degree is valid in every country belonging to the European Higher Education Area.

Programme Structure

The Master is taught over a 11-month period and it is organized in four 7-week terms. The 60 ECTS program consists of compulsory (27 ECTS) and elective courses (27 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 official beginning of classes, on early September, there are some compulsory preparatory courses. 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.

Detailed Programme Facts

  • Programme intensity

    You can choose to do this programme part-time or full-time.

    • Full-time duration 12 months
  • Credits
    60 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:


    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Book IELTS
  • 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).

Academic Requirements

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

  • Academic Excellence measured in terms of average (or expected) mark in BSc (or equivalent) Degree.
  • Language: Full command of written and spoken English will be required.
  • Students must provide the results of English tests like TOEFL (minimum grades: 79 Internet test or 550 paper test), IELTS (6.5 minimum), 750-780 TOEIC, Advanced Cambridge ESOL, or Universidad Carlos III de Madrid English Certificate. The applicant’s level of English will also be tested in a personal interview.

Tuition Fee

  • International Applies to you

    13500 EUR/year
    Tuition Fee
    Based on the original amount of 13500 EUR per year and a duration of 12 months.
  • EU/EEA Applies to you

    9000 EUR/year
    Tuition Fee
    Based on the original amount of 9000 EUR per year and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
  • Place Reservation: 1.500€ (It will be paid once the student receives notification of admission to the master, and deducted from the first tuition payment)

Living costs for Madrid

  • 745 - 1260 EUR/month
    Living Costs

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


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.

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