The Official Master's Degree in Finance is offered by the Faculty of Economics and Business Administration at Comillas Pontifical University (ICADE), through ICADE Business School.
This is a full-time Master's Degree program offering comprehensive training in finance, not only permiting the student understand economic and finantial phenomena of today, but also enabling them to analyze and manage companies savings and investments. This Master is specially intented for those who would like to work in the finantial sector (including insurance), auditing, consulting and finantial departaments of any company (specially those operating in regulated sectors).
October 1nd, 2018 - July 2019.
60 ECTS (European Credit Transfer System). Of these, 54 credits corresponding to face-to-face classes are taught in two terms (September - May) and the Final Master's Project or Dissertation, which represents 6 credits, is presented and defended from the end of the second term's classes onward.
There are two groups. One of the groups is taught in English (a C1 level is required to access this group) and the other group is taught in Spanish and English. For more information regarding the teaching language, see the section "Languages" in the Curriculum tab.
Monday October 1, 2018.
The admission application filing period begins on November 24th 2017.
Monday to Thursday, 16:00 - 21:00. Friday sessions could be included, 16:00 - 21:00, for a maximum of 40 hours class.
Dates of admission tests at ICADE Business School:
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The Official Master's Degree in Finance is designed for candidates who:
The following are required in order for the cadidates to reach the objectives of the Master´s program:
The profile of candidates for the 2016-2017 academic year is as follows:
The students accepted on this program are on average 24 years old, 56% hold Licentiate or Bachelor´s Degrees from public universities, and the remaining 44% from private universities. 15% of the students are foreign, where 65% of those accepted are men and 35% women. In addition, students have already carried out, on average, an internship or work experience lasting 1.5 years when they begin the Master's program.
The Master's program aims to develop the following abilities in the students:
Those interested in the Official Master's Degree in Finance must first complete the online application and then submit the required documentation for the Master's Degree (see informative note in the following point) to the Registrar's Office.
Once the Admissions Committee (made up of the Director of the ICADE Business School, Director of the Master's Degree and Coordinator of the Master's Degree) has reviewed the submitted documentation, a personal interview with the Director or Coordinator of the Master's Degree will be conducted in order to finalize the selection process. A technical test will also be conducted (to assess the applicant's analytical skills) and the level of English will be tested or duly supported. When the Admissions Committee deems it necessary, applicants may have to complete written tests in order to assess their knowledge of economy and business affairs, oral understanding and learning pace.
In order to make a decision on the candidate's application to study on the Official Master's Degree in Finance, the following criteria for assessing merits will be considered:
The assessment of the application for admission to the Official Master's Degree in Finance is reached by jointly looking at the previous criteria which are weighted as follows:
The final admission decision is based on the overall evaluation of the candidate in relation to the set of candidates and the total number of places available.
The final decision on admissions is the responsibility of the management of ICADE Business School and applicants will be informed by email and by post.
If a student who is interested in studying the Official Master's Degree in Finance has some form of disability, he or she will, on request, receive direct personalized assistance from the Social Work Unit which delivers, amongst others, a Support Program for Students with Disabilities.
The total fees for the Master's program for the academic course 2018-19 is EUR 16,530. This total amount includes:
If you are an alumni, you are entitled to 10% discount.
Any Mexican students admitted onto our Master's program whose studies are funded by FIDERH will receive a discount from Comillas equivalent to 10% of the total fees of the course of study in which they are enrolled.
ICADE BUSINESS SCHOOL.
ICADE Business School
Tel. 91 559 20 00
The program covers theoretical, technical, practical and real knowledge relating to financial management in markets in order to enable them to work in the field of finance, and equipping them with the tools necessary to engage in decision-making. It aims to ensure the following:
This is complemented with the specific training by drafting papers, carrying out projects, and engaging in financial research.
To ensure the students gain an overview of business and reach the highest level of performance, we have designed a current and comprehensive program taught by professionals and academic specialists in the area.
The Official Master's Degree in Finance comprises a total of 60 ECTS distributed as follows:
Timetable and exams of the 2017-18 academic year
The exams for the different subjects of the Official Master's Degree in Finance are held at the same time as the last classes of each subject as indicated in the table above.
Regular classes are expected to end in the last few weeks in May. All that is left for the students to complete after this is the submission and defense of their Final Master's Project. Exams during the second exam period are expected to take place in the first fifteen days in June.
This Master's Degree offers 60 places dividend between group A and group B. Students in group A will be taught 100% in English. Students in group B will be taught 50% in English. Lessons of all elective subjects, seminars and End of Master Projects shall be taught in English for both groups. Those students that, in the Master's Degree admission process, can justify to have a C1 or C2 level shall be eligible to be admitted in group A.
The Official Master's Degree in Finance comprises 60 ECTS. The curriculum consists of 26 subjects that are taught from September 2016 to May 2017. Please note that the Final Master's Project is expected to begin in the first term and the defense is expected to take place in July 2017.
|Module||Subject||Term||Type||ECTS||ECTS in english|
|Economics and Business||Managerial Skills for Finance||1st Term||COMP.||3||0.5>|
|Business, Financial Strategy, and Corporate Governance||1st Term||COMP.||2||0.5|
|Analysis of the Economic and Financial Situation||2nd Term||COMP.||3||1|
|Fundamentals of Finance||Financial Valuation||1st Term||COMP.||4||2|
|Financial Analysis and Financial Management||1st Term||COMP.||3||1.5|
|Statistics and Econometrics for Finance||1st Term||COMP.||2||1|
|Financial Accounting||1st Term||COMP.||3||0.5|
|Financial Taxation||2nd Term||COMP.||2||1|
|Financial Methods||Project Financing||1st Term||COMP.||2||1|
|IT Tools for Finance||1st Term||COMP.||2||1|
|Financial Risk Management||2nd Term||COMP.||3||1.5|
|Technical Analysis and Behavioral Finance||2nd Term||OPT.||2||2|
|Private Banking and Asset Management||2nd Term||OPT.||2||2|
|Management Control and External Auditing||2nd Term||OPT.||3||3|
|Advanced Quantitative Methods and Structured Products||2nd Term||OPT.||3||3|
|Financial Markets||Financial Markets||1st Term||COMP.||3||0.5|
|Portfolio Management||1st Term||COMP.||2||1|
|Portfolio Management II||2nd Term||OPT.||3||3|
|Regulatory Framework of the Financial System and Compliance||2nd Term||COMP.||3||1.5|
|Corporate Finance||Corporate Finance||1st Term||COMP.||3||1.5|
|Advanced Corporate Finance||2nd Term||OPT.||2||2|
|CFA I Exam Preparation Course||2nd Term||OPT.||4||4|
|Financial Transactions||Banking||2nd Term||OPT.||3||3|
|Financial Ethics||Financial Ethics||2nd Term||COMP.||2||1|
|Final Master's Project||Final Master's Project||Anual||COMP.||6||1|
In the second term, the students are expected to enroll in compulsory subjects totaling 13 ECTS and in optional subjects totaling 11 ECTS. The choice of subjects is based on the 2 professional profiles/study plans available, given that each profile or study plan has already been assigned specific subjects.
The study plans offered as part of the Official Master's Degree in Finance are as follows:
Regarding the second-term subjects, the students are only required to select those corresponding to their chosen profile/study plan.
This Official Master's Degree in Finance provides its students with the necessary competences to pursue a career in the financial, credit or insurance industry, or companies' financial departments, or to carry out consulting and auditing tasks. Our graduates are capable to occupy, among others, the functions of accounting analyst, technical analyst, financial statements analyst, accounting auditing, management supervision, operation in national and international markets, investment valuation and analyst, portfolio management, resource management and corporate financial debt management, equity management, risk financial management, compliance, consulting tasks in mergers and acquisitions, economic and financial environment analysis, structuring of derivatives and Project Finance manager.
The following types of companies have shown interest in our graduates: Banks, Savings Banks, Rural Savings Banks, Cooperatives, Insurance Companies, Financial corporations (Leasing companies, renting companies, financial institutions, credit institutions, mortgage institutions, factoring companies), mutual guarantee societies, bonding companies, appraisal companies, securities companies and dealers, portfolio management companies, collective investment institutions, venture capital management companies, certification companies, investment and escrow funds management companies, financial markets, financial departments in service and manufacturing companies, consulting companies, consumer financing institutions, auditing companies, real estate companies (appraisal), management companies and companies marketing commodities, EAFIs, crowfunding or crowlending companies, fintech companies and others.
The different functions occupied now and in the past by our graduates in the aforementioned companies are: Private banking manager and marketing agents; business banking manager and marketing agents; brokers/traders and market operators, employees in regulations and in compliance departments; consulting and tax and financial managers; Managers (managing companies, securities companies and dealers, family offices, private banking, portfolio management society, Foundations, NGOs and non-profit organisations, own account managers, treasury desks, crowfunding and lendfunding; fintech analysts, Big Data and financial data analysts, trading desk, etc.), analysts( on companies, on rating companies, on venture capital companies, on securisitation companies, of research and studies services, of chairperson's cabinets, etc.); corporate junior, private banking junior marketing agents, structuring agents, financial directors of services and manufacturing companies, accounting and controlling agents, strategic junior consultant, financing, refinancing, restructuring or tax assistants, junior auditors, risk control and monitoring agents.
Some of the companies which have expressed their interest in our graduates are Banco Santander, BBVA, Banco Popular, Goldman Sachs, JP Morgan, Credit Suisse, Credit Agricole, Deutsche Bank, Banque Privée Edmond de Rotschild, Banco de España, Barclays, Banca March, Bankinter, Banco Sabadell, Caixabank, ING, BNP Paribas, HSBC, Selfbank, CNMV, Ahorro Corporación, Finsolutia, Savia Asset Management, JCB Capital Markets, MDEF Gestefin, Thesan Capital, Dingo Business, Finae Partners, Corporación Financiera Guadalmar, RCI Banque, RESA Corporate Finance AND Duff&Phelps. In the consulting and auditing fields, our graduates have been hired by Deloitte, EY, KPMG, PWC, BCG, Management Solutions, Bluecap, Everis, ISBAN, Clifford Chance, Baker & McKenzie, Grant Thornton, OCG Consulting, Europraxis Cogno Data Consulting, GMS Management Solutions, Irea and Buljan & Partners. Among the insurance partners, Axa, Caser, Mutua Madrileña, Mapfre, Vidacaixa and Generali are especially noteworthy. Our graduates have also been recruited by INDRA, Repsol, Telefónica, Iberdrola, Endesa, Robert Bosch, Prisa, Ferrovial, Villar Mir, BMW, Procter&Gamble, Amadeus, Abbott, Fujitsu, Roche, Día, Diageo, Techrules, Cemex, Merdeces Benz, Volvo España, Toyota, Twenty Century Fox, Inertis Solar, ICEX, Europa Press, Galp, Bombardier, ONCE, J Watson, Interdin, Sunedison, LÓreal, KIKO, 3M, Microsoft, Sony, EDP, Carlson Wagonlit, Galderma, McDonalds´s, Aon Gil y Carvajal, Embajada Británica or Antares Tankers. All these companies and institutions have recruited graduates from the Official Master's Degree in Finance in the last five years.
At the completion of this Master's Degree, you will have the possibility of:
Other ICADE Business School master's degrees: Official Executive Master's Degree in Business Management (Executive MBA), Official Master's Degree in International Management (MIM), Official Master's Degree in Human Resources (MURH), Official Master's Degree in Marketing (MMKT), Official Master's Degree in Finance (MUF), Official Master's Degree in Financial Risk Management (MUGRF), Official Master's Degree in Financial Statement Auditing and Advanced Accounting (MUACCS), Master in International Industrial Project Management (MDIPI)