Master in Finance
Master in Finance
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The Master in Finance Admission Process
The Master in Finance Admission Process
The IE Admissions Department works full-time to ensure that dynamic and creative candidates with a deep well of untapped potential join our program. We undertake a rigorous and holistic selection process that balances the value of professional and academic achievements with well-developed interpersonal skills. It’s no coincidence our international classrooms are brimming with talent and vision—it’s what we do.
The admission process is divided into five steps. Below you’ll find detailed information on each step, from sending off the online application form to the final decision of our Admissions Committee. In addition, we provide a series of explanatory videos to answer any questions you may have about the process.
* Please note that “intake” refers to the start of the Master in Finance program. While we do not enforce specific application deadlines, we encourage you to send in your application as soon as possible before the program begins.
If you are non-EU candidate, we encourage you to confirm your place and begin your visa process as early as possible. Keep in mind that depending on your region, visa-related deadlines may apply. For more information, feel free to contact student.services@ie.edu or visit our dedicated page.
WANT TO KNOW MORE?
Tuition
Tuition
42,000€*
42,000€*
*Conditions:
- Special Conditions for IE Alumni, please contact your admissions advisor for more information.
- To become an IE University student, all IE Community members should make a one-off contribution to the IE Foundation. This is a single payment of €1,200 to be made during the enrollment process.
PAYMENT PLAN
PAYMENT PLAN
We understand that you’re making a significant investment and we believe that maximizing the availability of payment plan options is important in making your Master in Finance affordable.
Kindly note that plans with more than three consecutive installments will be charged €400 for the administrative service it involves.
For further information, please contact the Admissions Department.
Our payment plans offer the following benefits:
The ability to pay your tuition fees in up to 7 consecutive installments
They can be used in conjunction with your financial aid award shall you receive a scholarship
Our payment plans are interest-free and there are no pre-approval requirements or credit checks
ADMISSIONS PROCESS
ADMISSIONS PROCESS
Step 1: START YOUR ONLINE APPLICATION FORM
Step 1: START YOUR ONLINE APPLICATION FORM
Candidates must complete the sections that appear in the online application form. Additionally, they must provide the required documents and essential information as follows:
- Bachelor degree from an accredited university*
- Official university transcripts (certified translation into English or Spanish)
- 1 page CV/Resume. See example here.
- Contact information of two relevant academic or professional references.
- English language certificate – we accept the TOEFL (minimum score of 100 but 105 recommended), the IELTS (minimum score of 7 but 7.5 recommended), Duolingo English Test (minimum score 130) or a Cambridge Advanced level. A certificate is not required if you are a native speaker, you completed an undergraduate degree in English, you have worked and lived for more than two years in an English speaking country, or if you have extensive professional experience in English. Nevertheless, should the Admissions Committee find it necessary, they may request one of the certificates mentioned above**
- Photocopy of current passport
- Passport size picture
Application fee: 150€ (fee is not refundable)
*Possible additional legalization and/or translation requirements might be applicable. Please click here for more info.
**The validity of all previously mentioned English language certificates for IE University’s admissions process is two years from the date you took the exam.
Step 2: ADMISSIONS TEST
Step 2: ADMISSIONS TEST
You are required to take one of the following entrance exams: GRE, GMAT focus edition, CFA level I, or CAIA level I.
A competitive score on the GMAT Focus Edition is recommended: 80% of our students fall within the 605–755 range. In the previous GMAT format, the equivalent range was 650–770.
**We offer entrance exams waiver to a select number of students. The decision to offer waiver is made on a case-by-case basis. To qualify, candidates must show a competitive GPA and prior relevant experience in investment banking.
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Step 3: ONLINE ASSESSMENT
Step 3: ONLINE ASSESSMENT
Once you have submitted your online application and paid the application fee, you will receive a link to answer three live questions, two in video format and one in written format. This way, our admissions team will be able to meet you virtually and evaluate your capacity to respond in real time and under pressure.
Step 4: Personal interview
Step 4: Personal interview
You will have a personal interview (face-to-face or via online) with a manager of the Admissions Team.
ADMISSIONS COMMITTEE FINAL DECISION
ADMISSIONS COMMITTEE FINAL DECISION
The Admissions Department will contact you with the final resolution of your Admissions process. Your entire application will be evaluated holistically and will take roughly 1-3 weeks for the Admissions Committee to get back to you with a final decision. Admissions are valid for the intake you apply to and the following one.
Master in Finance admissions tips
Master in Finance admissions tips
IE Women in Finance scholarship
IE Women in Finance scholarship
We offer talented female candidates the opportunity to study the Master in Finance with a scholarship covering up to 50% of the tuition fee.
FINANCIAL AID
FINANCIAL AID
We offer customized, merit-based aid and loan programs to make sure financial issues don't impede the success of outstanding students.
Student services
Student services
Our team is here to support you with immigration and relocation processes, such as housing, health care, bank accounts, resources for partners and information about life in Madrid, so that you can focus on studying and enjoying the IE experience.
Your IE Foundation contribution counts
Your IE Foundation contribution counts
The IE Foundation is working hard to make education accessible to all. As part of your enrollment, we ask that you make a one-time donation to help expand its efforts. Your contribution will have a lasting impact.
Frequently asked questions
Frequently asked questions
Review our FAQ responses to better understand everything related to our Admission Processes.
How do I start the application process?
The first step to applying for the Master in Applied Economics is to complete and submit the online application form. You can use your personal email to register a profile on our platform and, by creating a password, you can access it as many times as you need.
What are the requirements and the steps of the admissions process?
1. Online application form: Complete each section of the form and upload the required documents. You can access the online application form here.
2. Online assessment: Once you have submitted the online application and paid the application fee, you will receive a link to the Kira Assessment. This allows us to get a sense of your personality and potential before proceeding to a possible interview.
3. Entrance exam: You are required to take one of four entrance examinations. To apply, choose between the GRE, GMAT Focus Edition, CFA Level I or CAIA Level I.
4. Personal interview: The Admissions Committee will review your application and determine whether to advance you to the final interview. The interview helps us to get to know you better and gauge your potential as a part of IE University.
5. Final committee decision: It will take roughly one to three weeks for the Admissions Committee to get back to you with a final decision via email.
For more information, please click here.
*Please note that these requirements may be subject to change periodically.
What score do I need on the entrance exams to apply for the Master in Finance?
As part of your application to the Master in Finance program, you are required to take one of four entrance exams. You can choose between the GRE, GMAT Focus Edition, CFA Level Ior CAIA Level I.
Should you opt to take the GMAT Focus Edition, we recommend a score of 605-755. As for the GRE, we recommend a score of 322-340.
What can I do to make my application more competitive?
It is important to ensure that your application not only reflects your academic and professional experience, but also emphasizes how you can add value to the Master in Finance and the IE Community at large. Further, your letter of motivation and personal interview should showcase elements your online application doesn’t cover. We want to understand why you wish to join the program and see your passions and personality mirrored in your application.
Can I send my application even if I don’t have all the requested documents right now?
Yes. Once we receive your application, we will review the documentation that you have submitted and inform you about the remaining items needed to complete your application.
Is there a deadline to apply?
No, there is no deadline to apply. Instead, we have a rolling admissions process, which means that you can apply at any time of the year. However, due to the large number of applications we receive, we encourage you to submit your application as soon as possible. Keep in mind that the student visa processing time may vary from country to country, so contact Student Services for more information.
How long does the admissions process take?
The various stages of our admissions process aim to identify those areas of your academic and personal profile that make you unique, and to make sure that you fit in with our educational model. On average, the admissions process can take between four to six weeks, but it will always depend on each specific case. Places in our master’s programs are limited, and they are awarded on a first-come-first-served basis by strict order of admission date.
Do you grant entrance exam waivers?
Entrance exam waivers are available to a select number of students and are offered strictly on a case-by-case basis. In order to be considered, you must have a competitive GPA and be able to demonstrate prior relevant experience in investment banking.
Are there scholarships available for the Master in Finance?
At IE Business School, we aim to make it easy for talented professionals to access higher education. That’s why we offer several merit- and application-based scholarships, awards and resources to support your academic goals. Learn more about your financial aid options here.