Master in Finance - Admissions, Fees and Funding

Gain a practical professional profile to navigate today's dynamic financial landscape

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.

 

Want to know more?

APPLICATION PROCESS

STEP 1

ONLINE APPLICATION FORM

You should complete the sections that appear in the online application form (full-time program or part-time program) and must also upload the following documents:

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  • Bachelor degree from an accredited university*
  • Official university transcripts (certified translation into English or Spanish)
  • 1 page CV/Resume. See example here.
  • 2 letters of recommendation
  • English language certificate – for non-Native English speakers: we accept the TOEFL (minimum score of 100), the IELTS (minimum score of 7), Duolingo English Test (minimum score 120) or a Cambridge Advanced or Proficiency level. A certificate is not required if you completed an undergraduate degree in English. The validity of all previously mentioned English language certificates for IE’s admissions process is two years, from the date you took the exam.
  • 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.

 

STEP 2

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.

 

STEP 3

ENTRANCE EXAM

You are required to take one of the four entrance exams: GMAT, GRE, CFA level I or CAIA level I.

In regards to the GMAT exam, a competitive score is recommendable, 80% of our students have GMAT 650-770.

If you submit the GRE, the score should be equivalent to GMAT 650.

**We offer entrance exams waivers to a select number of students. The decision to offer waivers is made on a case-by-case basis. To qualify, candidates must show a competitive GPA and prior relevant experience in finance.

IE GMAT Simulator Test

 

STEP 4

PERSONAL INTERVIEW

You’ll go through an interview (face-to-face or via Skype) with the Admissions Team or an IE Business School Finance Ambassador.

 

STEP 5

ADMISSIONS COMMITTEE FINAL DECISION

After the interview, your entire application will be evaluated holistically by our Admissions Committee. This is the last step of your application and it 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 Fees

The tuition fee for the Master in Finance is €36,000*.

Many of our students visit our Financial Aid office for a personal consultation to address their financial needs, and we are happy to speak on the phone or set up an appointment if you have any questions.

*Please bear in mind that prices are reviewed annually and are subject to change.

**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

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. Our payment plans offer the following benefits:

  • The ability to pay your tuition fees in up to seven consecutive installments.
  • They can be used in conjunction with your financial aid award, should you receive a scholarship.
  • Our payment plans are interest-free and there are no pre-approval requirements or credit checks.

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.

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.

Discover all our scholarships

FAQ

What is the difference between a Master in Finance and an MBA?

An MBA covers multiple aspects of business including accounting, statistics, management and entrepreneurship, whereas a Master in Finance focuses on financial topics such as investments, quantitative finance and financial analysis. Previous work experience is usually required for an MBA, but not for a Master in Finance.

What is a master's degree in finance?

A Master in Finance prepares you for a future career in areas including investment banking, private wealth management and corporate finance. IE Business School’s Master in Finance has a unique structure—in addition to core courses, we offer electives which allow you to focus on career-boosting specializations in four different tracks.

How long is the Master in Finance?

We offer the Master in Finance as both a full-time and a part-time program. You can choose to study full-time in Madrid for one year, or part-time online, with residential periods in Madrid, for 22 months. We give you the flexibility to study a customizable program that adapts to you. Learn everything you need to know about the Master in Finance here.

Is a Master in Finance worth it?

The Master in Finance is highly valued by top global financial institutions. Our graduates have gone on to positions with prestigious employers such as Goldman Sachs, Deutsche Bank and Morgan Stanley. Master in Finance graduates’ salaries also represent a significant ROI. Find out why our Master in Finance could be your best choice.

Which country is best for master’s in finance?

Master in Finance programs are offered by top business schools around the world, but European business schools are highly ranked and offer greater value for money than those in the US. In 2021, our Master in Finance was ranked 8th best globally by the Financial Times and is highly rated in other global rankings.

Does IE Business School offer financial aid options for the Master in Finance?

We strive to ensure there are no barriers to professional development. Financial aid is available for the Master in Finance through scholarships awarded by the IE Foundation, based both on need and merit. The Financial Aid Office also offers a variety of loans, as well as flexible payment options, including interest-free payment plans.

WE’LL HELP YOU FUND YOUR EDUCATION

The Financial Aid office looks for solutions to help cover program costs. The IE Foundation provides resources thanks to contributions from alumni, corporations and anonymous donors.
LOW INTEREST RATES FOR STUDENTS

LOW INTEREST RATES FOR STUDENTS

IE works alongside some of Spain’s largest financial institutions to bring students affordable ways to finance their programs. In addition to competitive interest rates, these loan programs offer grace periods and up to 10-year repayment plans.

IE Loans

FINANCIAL AID AWARDED TO STUDENTS

Scholarships range from 5% to 35% of tuition, and are awarded according to three criteria: merit, diversity, and financial need. IE also has a special fund with an endowment of €6 million for scholarships aimed at supporting women’s education. All financial assistance is possible thanks to contributions made by various companies to the Corporate Fund of Excellence.

IE Scholarships

HOW TO APPLY FOR
FINANCIAL AID

Funding your studies is an important decision. The Financial Aid office can give assistance in making a financial plan to help you get the necessary resources to fund your education at IE University. Our Financial Aid department has a team that will help you plan your future.

GO TO FINANCIAL AID APPLICATION FORM
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