Master in Finance - The ProgramGain a practical professional profile to navigate today's dynamic financial landscape
Catch the eye of top recruiters
Our Master in Finance is a comprehensive program that will give you the tools, techniques and strong financial grounding to stand out as a strong contender in the competitive financial industry. With a holistic course syllabus designed by top industry leaders who double as dynamic educators, you’ll be empowered to propel your career in today’s competitive market landscape.
To further demonstrate our drive for innovation, we have decided to merge our Master in Finance and Master in Advanced Finance programs. This combination represents the best of all financial worlds, giving increased access to a broader range of industry work experience and electives. Advance your financial skills, grow your network and increase your potential to be a disruptive financial professional anywhere in the world.
Our Master in Finance is an extensive, game-changing program that will prepare you to become a well-versed financial front liner in today’s high-octane environment
How do we do it?
CORPORATE FINANCE AND PRIVATE EQUITY
Take a look at advisory and proprietary investment in the corporate world. This area builds upon key corporate finance and corporate action principles to investigate their applications in mergers & acquisitions, debt and equity capital markets and investments through private equity and venture capital, among others.
Develop an in depth knowledge in financial statement analysis and economics for markets, while also investigating the ins and outs of main markets, including equity, credit, fixed income and derivatives markets. Gain insight into the most successful investment strategies, including hedge funds, traditional asset management, distress investments and more.
Stay ahead of the latest trends through a deep dive into the disruptive FinTech revolution. Learn how to program in Python while also using MATLAB to program fixed income functions. Explore key FinTech disruptions such as the impact of AI on investments, quantitative finance and the lasting impact of blockchain on the financial sector.
Master in Finance Rankings IE
Get to know more about IE Business School’s placement in international rankings.
11thMASTER IN FINANCE
WorldwideFINANCIAL TIMES (2018)5thMASTER IN FINANCE
For getting an investment banking jobEFINANCIALCAREERS (2019)3rdMASTER IN FINANCE
For getting a job in hedge funds, privaty equity and asset managementEFINANCIALCAREERS (2017)
Master in Finance Program Structure
FOUNDATIONS OF FINANCE
GHANA, LONDON, NEW YORK
EMPLOYABILITY IN FINANCE
ECONOMIC UPDATES / IE TITANS OF FINANCE
CURRICULUMThe Master in Finance is made up of a pre-program, two core periods and a final elective period. Students also work on a final project over the last six months of the program. This generally involves producing valuation projects with real investors.
The program kicks off with two periods that provide you with a firm foundation in key finance basics. As you learn and grow, the curriculum’s complexity steadily increases thanks to powerful course content fueled by recruiter demands and the reality of today’s financial industry. These two core periods are followed by an elective finale that allows you to laser-focus your financial knowledge with career-boosting specializations in Corporate Finance & Private Equity, Investments or FinTech.
PRE-PROGRAMIn the two-week face-to-face pre-program, which takes place two weeks before the program kicks off, students engage with the fundamental technical finance knowledge needed to succeed in the industry interviews (valuation, macro, financial accounting and investment banking). Students will also gain key skills in drafting CVs and cover letters, while exploring the essentials of valuation, markets, economics and financial accounting. Upon completion of this period, students will possess an in depth understanding of investment banking and capital markets.
- Pre-program Quantitative Methods (online)
- Introduction to Valuation
- Introduction to Investment Banking
- Introduction to Portfolio Management
- Employability in Finance
- Macro and Markets Update
- Economic and financial history
- Essentials of Accounting
- Trading Room essentials
FIRST PERIODIn this period, students are equipped with the core fundamentals of finance. The subject matter will first cover the principles of corporate finance, financial accounting and financial analysis. This will lead into an exploration of economics for markets and quantitative finance and FinTech, before the period ends with an introduction to investments, markets and basics of fixed income.
- Introduction to Investment Banking
- Introduction to FinTech
- Excel Basics
- Corporate Finance
- Financial Accounting & Analysis
- Applied Financial Engineering
- Quantitative Finance I
- Foundations of Financial Theory
- Financial Statement Analysis
- Fixed Income Fundamentals
- Portfolio Management
- Strategic Macro Economics for Investors
- Historical Episodes in the Financial Markets
- Presentation Skills
- Economic and Market Updates
- Employability in Finance
SECOND PERIODThe second period builds upon the knowledge foundation of the first to help students gain expertise in advanced finance topics. These will include modeling and valuation, risk management and asset allocation, risk governance, programming (Python) and foundations of banking. Students will also have access to unique opportunities to gain an international insight into the financial world. With visits to New York, London and Ghana, you’ll be able to rub elbows with key financial players in dynamic environments. Alternatively, thanks to recent alliances with other leading institutions, you could take part in a short exchange period in either Frankfurt School of Finance and Management or London Business School.
- Advanced Corporate Finance
- Financial Modelling
- Derivatives & Risk Management
- Quantitative Finance II
- Financial Programming
- Asset Allocation
- Foundations of Banking
- Financial Inclusion
- Risk Governance
- Economic and Market Updates
- Employability in Finance
- Regulation in Financial Markets
- Ethical Dilemmas in Finance
THIRD PERIODTailor the program to suit your career goals. With one of the largest academic offerings on the market, students can choose from over 60 financial electives, allowing them to graduate with an entirely unique professional profile. Provided a minimum number of students sign up, any elective can be chosen. Students may also obtain a minor in corporate finance and private equity, investments or FinTech through different combination options.
- Advanced Topics in the World Economy
- Algorithmic Trading
- Alpha Generation
- Analysis and selection of funds
- Arbitrage Strategies
- Asset management industry
- Asset Pricing, M&A, and Valuation Mistakes
- Bank analysis and valuation
- Behavioral Finance
- Best Practices
- Building and Testing Quantitative Equity Trading Strategies
- Central Banks and Monetary Policy
- Comparative Economic/Financial Systems
- Creating Value through Active Ownership
- Creative Accounting & Advanced Valuation
- Cryptocurrencies and ICOs
- Debt Capital Markets
- Debt Restructuring
- Entrepreneurship Through Acquisition
- Equity & Credit Research
- Equity Capital Markets
- Equity Derivatives & Volatility
- Exotic Options & Structured Products
- Factor Investing
- Financing Instruments for Corporates
- FinTech Business Models & Evaluation
- FinTech meets Blockchain
- Fixed Income Derivatives
- Foreign Exchange
- Game theory
- Geopolitics and Investing
- Hedge Funds
- High Yield and Leveraged Finance
- Impact Investing
- Intelligence Tools for the Finance Professional
- Investing in China
- Investing in Emerging Markets
- Investing in Renewable Energies
- Investment Banking Due Diligence
- Islamic Finance
- Institutions of International Financial Stability
- Knowledge Incubator
- Lean Compliance
- Management Control & Auditing
- Mergers & Acquisitions
- Microfinance in Ghana
- Oil and Finance
- Private Banking & Managing of private wealth
- Private Equity & Corporate Analytics
- Private Equity
- Project Finance
- Real Estate Investment
- Real Options
- Strategy & Finance
- Structured Equity Solutions
- Technical Analysis
- The Great Monetary Downsizing
- The New Techs: InsurTech, RealTech, RegTech
- Turnaround Strategies
- Unleashing the Potential of FinTech: UN Sustainable Development
- Value Investing
- Venture Capital
- Visual Basic Financial Modeling
FINAL EXAM OPTIONSThe Master in Finance has been carefully designed to adapt to your unique set of personal and professional needs. We work hard to provide our students with the utmost flexibility in every way. That’s why we allow our students to choose their preferred mode of examination, while ensuring rigorous academic standards are always present, we also encourage our students to consider how their final exam option will demonstrate the practical and theoretical knowledge gained throughout the year.
You can choose your final exam format from a broad variety of options:
ACADEMIC CASE STUDY
This project will be carried out individually and require students to use a real-world case.
ACADEMIC RESEARCH PROJECT
Topics must be related to an aspect of macroeconomics or another financially significant area. This is completed under the supervision of a professor.
Students perform a valuation analysis of a company owned by a private equity firm. This is completed under the supervision of a professor.
MICROFINANCE PROJECT IN GHANA
This option involves taking part in a consultory microfinance project in collaboration with Financiers without Borders. It includes a trip to Ghana to gain first-hand insight into the local financial climate, guided by an experienced instructor.
CFA Research Challenge
A competition between university-sponsored teams that research a designated publicly traded company (preparation of a written research report, and presentation of the report to a panel of judges). There is a local competition (Spain/Portugal). Winners move to the regional level (Europe), and then to the global level.
Write a Case
Students could also write a case on finance, accounting or macroeconomics based on a situation you deem interesting to be suitable for a case. This needs to be a decision driven case, not a descriptive one.
Portfolio Management Practicum
The Final Exam is a Full Client Meeting Pitch Book, or what would normally be presented to an institutional client by a professional buy-side firm. It also includes a stock pitch to illustrate the investment approach.
Annual Dollar Value
Our Trading Room is an investment lab equipped with Bloomberg terminals, Thomson Eikon, Factset, MATLAB and other resources, that has one of the top collection of analytical tools of any university investment lab in the world. Collectively, this software may have an annual dollar value of over $1,000,000.
At the IE Trading Lab you will have access to resources ranging from financial, market, business news, economic, security pricing, brokerage research, portfolio risk and performance analytics, and various analytics features to analyze securities including, but not limited to, stocks, bonds, commodities, options and futures, and currencies. We currently offer the Bloomberg Assessment Test in our business school to those students interested in demonstrating their abilities with this information platform, which is key for any professional willing to work in financial markets
TITANS OF FINANCETITANS OF FINANCE
Alongside the full program offering, you also have access to talks and conferences given by the most outstanding professionals in the financial industry. These engaging and insightful explorations of today’s relevant financial issues are held at IE Business School’s campus in Madrid, featuring eye opening topics such as:
- Cross-border M&A transactions for small businesses
- Current trends in the wealth management industry
- Why traditional measures of equity valuation are inappropriate
- Current trends in investment management
- Industrializing the Financial Advisory Service through mutual fund portfolios
- Banking sector current trends
- Distress Investing
- Value Investing
FINANCIERS WITHOUT BORDERS IN GHANAFINANCIERS WITHOUT BORDERS IN GHANA
Participate in a microfinance project based in Ghana and experience the powerful impact of social entrepreneurship. This enriching opportunity will help build your professional profile while displaying your passion to improve the world around you. The Microfinance Technical Assistance Project is part of the Development Cooperation Program. Since 2011, IE Business School has been collaborating with Financiers without Borders to make this meaningful project a reality.
Join teams from other Master in Finance programs to provide technical assistance to Ghanaian FNGOs. With your help, these socially driven entrepreneurs can find success within the country’s financial system by securing their position in the microfinance sector and attracting investment at the local, national and international levels.
OPTIONAL TRIPS TO NEW YORK & LONDONOPTIONAL TRIP TO NEW YORKOPTIONAL TRIP TO LONDON
Immersed in one of the world’s top financial centers, you will have the opportunity to visit leading companies and take a tour of the New York Stock Exchange. As part of the network-expanding experience, you will meet major financial players, such as analysts, portfolio managers, directors of research, traders and strategists.
The optional trip to the heart of London’s financial district gives students the chance to discover how internationally renowned financial companies are run. This will be done through visits to institutional investment management organizations, brokerage firms, professional financial advisory companies and firms in other areas. In addition, students will further increase their investment knowledge and expand their international network by meeting one-on-one with eight to ten industry professionals, including analysts, portfolio managers, directors of research, and strategists.
EXCHANGE WITH FRANKFURT SCHOOLSHORT EXCHANGE WITH FRANKFURT SCHOOL OF MANAGEMENT AND FINANCE
With European financial institutions facing a complex future of multifaceted regulatory challenges, major changes in the regulatory framework are currently under way. Frankfurt is one of Europe’s main financial hubs and is home to key players in the field of banking supervision. In fact, European Central Bank (ECB), European Insurance and Occupational Pensions Authority (EIOPA) and Deutsche Bundesbank are all located here. During this short exchange trip, students have the opportunity to visit some of these institutions for a closer look at German and European banking supervision – as well as its implications for other financial institutions.
EXCHANGE WITH LONDON BUSINESS SCHOOLEXCHANGE WITH LONDON BUSINESS SCHOOL
Thanks to our exchange agreement with London Business School, Master in Finance students from IE Business School can further expand their international network and boost their career potential in a global finance hub. Students have the choice of taking their elective courses at London Business School and spending a semester in one of the world’s most important financial centers. Course availability is subject to program entry requirements.
THE WAY YOU LEARNAt IE Business School, we are innovators and entrepreneurs, ready and waiting with restless energy to turn change into opportunity at every turn.
EXPERIENCE YOUR EDUCATION FIRST HAND
We want our students to experience the best of our world-class education. On your journey to practical knowledge and incredible sector insight at IE Business School, you will share the road with other ambitious individuals and international experts who can shine a light on a variety of topics related to the world of finance. The Master in Finance is an oncampus program that encourages students to constantly challenge and explore new ideas alongside a diverse group of academics and industry leaders.
ON TOP OF THE TRENDS AND AHEAD OF THE CURVE
We take pride in our spirit of innovation. Our programs run alongside the financial frontline, mirroring new sector developments and incorporating them into the course syllabus. This provides our Master in Finance students with a profoundly impactful immersion in the most up-to-date technological and digital developments in the finance world. Gain in-depth knowledge in cutting-edge FinTech technology or learn programming with MATLAB and Python.
Technology runs through the heart of our institution, enriching every program with up-to-date sector tools that drive progress. By focusing on the most recent technological trends in the financial sector, our highly experienced faculty members provide students with a dynamic educational experience that prepares you for the realities of the financial world.
The IE Business School experience takes place in a diverse, multicultural and thriving European capital that acts as a springboard for success in the world of business. With over 6,000 students representing 132 countries, 140 clubs and 500 events per year, IE Business School promises a vibrant community for all students. As you join a wide variety of initiatives, extracurricular events and on-campus clubs, you can experience first-hand IE’s values of innovation and community engagement.
International, Excellent and Balanced Faculty
Our facultys are CEOs, entrepreneurs and hold leadership positions in their professional fields as well as academics in areas including finance, marketing and economics, allowing our students to gain practical, real-world understanding of the world of business.
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