Master in Finance

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

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Master In Finance

duration1 year

languageEnglish

locationMadrid

intakeSeptember & April

FormatFull-time

Optional tripsLondon, New York, Ghana & Frankfurt

duration1 year

languageEnglish

locationMadrid

intakeSeptember & April

FormatFull-time

Optional tripsLondon, New York, Ghana & Frankfurt

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.

WANT TO KNOW MORE?

MASTER IN FINANCE FEES

Tuition Fees for upcoming intakes:

41,000€*

September 2023 intake

*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

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

Master in Finance Application process

Step 1: Online application form

You should complete the sections that appear in the online application form and must also upload the following documents:

Step 2: Online assesment

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 our entrance exams: GRE, GMAT Exam, GMAT Focus Edition, CFA level I, or CAIA level I.

Regarding the GMAT exam, a competitive score is recommendable, 80% of our students have GMAT 650-770. If you take the GMAT Focus Exam we recommend a score of 605-755.

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

**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.

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 committe 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 admissions tips

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

FINANCIAL AID

We offer customized, merit-based aid and loan programs to make sure financial issues don't impede the success of outstanding students.

LEARN MORE AND APPLY

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.

Learn more

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.

Learn more

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 apply is to complete and submit the application form. You will need to register with your personal email on our platform and create a password so you can access it as many times as you need.

What are the steps of the Admissions Process

1. Fill out the online application form: Candidates should complete the sections that appear in the online application form and upload the required documents. You can access the online application form.
2. Online assessment: Once you have submitted the online application and paid the application fee, you will receive a link to the online assessment, known as the Kira Assessment Kira. This allows the admissions team to get a sense of your personality and potential before proceeding to a possible interview. Completing the assessment is simple—you will be given 3 questions to answer in a set amount of time. One of your responses will be written, and two will be recorded via video. The whole process should only take 20 to 30 minutes to complete.
3. Entrance exam*: Candidates are required to take either the GMAT, GR E.
4. Personal Interview: Once you have completed the previous steps, the Admissions Committee will review your application and determine whether to advance you to the final interview phase. The interview will allow us to get to know you better, and further assess certain qualities, such as your personality, capacity for critical thinking, method of self-expression and other communication skills. Our objective is to gauge your potential as a part of IE University, developing a mutually beneficial relationship both personally and academically. This interview can be either face-to-face or via video conference.
5. Final Committee Decision: Once you have completed the application form, submitted the required documentation, and attended the personal interview, your application is reviewed by the University’s 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 via e-mail. The first step to apply is to complete and submit the application form. You will need to register with your personal email on our platform and create a password so you can access it as many times as you need.

Can I send my application even if I do not have all the requested documents with me at the moment?

Yes, once we receive your application, we will review the documentation you have submitted and inform you about the remaining items needed for your application.

Is there a deadline to apply?

No, there is no deadline because 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 a student visa time issue may vary from country to country, for more information please visit Student Services.

How long does the admission process take?

The various stages of our admissions process are aimed at identifying 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 4-6 weeks, but it will always depend on each specific case. Places in our master programs are limited, and are awarded on a first-come, first-served basis, by strict order of admission date.

No, there is no deadline because 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 a student visa time issue may vary from country to country, for more information please visit Student Services.

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