Official Master's Degree in Finance

Please check here for all of the information concerning teaching activities and how they will be carried out in the 2020-2021 academic year.

Admission request

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Since 22/11/2019

60 places

30 places group

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Open days/
Information Sessions

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Open Day:


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1 year / 60 ECTS

Face to face



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Timetables and y exams

Official status of the Degree

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"Ratio of those who have passed the exam to be qualified as a Chartered Financial Analyst (CFA I) of 80%"

What is the Official Master's Degree in Finance?

The Official Master's Degree in Finance is organized by the Faculty of Economic Sciences and Business Administration at the Universidad Pontificia Comillas (ICADE), through the ICADE Business School. It is the first Official Master's Degree to be accredited by the National Securities Market Commission (“Comisión Nacional del Mercado de Valores” in Spanish) for themes related to MiFID II (Markets in Financial Instruments Directive).

This Master´s Degree offers a well-rounded education and training in Finance and allows students to understand current economic and financial phenomena, as well as to analyze and manage the savings and investments of companies. The program is especially recommended for those who would like to work in the Financial Sector (including Insurance), Financial Auditing-Consulting, or in Financial Departments at a wide range of companies or institutions.

Training is provided in the use of the latest techniques for data analysis.

These studies train students in the use of the latest techniques for data analysis, promoting the use of technological tools in the professional field, and ensuring a wide knowledge of different products and their management in Banking, Markets, Investment, Corporate Finance and any other area of the Financial World. The program can be taken entirely in English or as a bilingual program, with professional internships available in the financial area, as well as periods of international study abroad in other prestigious Business Schools. Training in Data Processing and Analysis can be enhanced by completing the Diploma “Foundations in Business Analytics”.

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Our students say the following

Many people like you are already making the most of their Master's Degree. Here are their experiences.

What makes us different

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Rankings and Awards

First University Masters Degree recognized by the National Securities Market Commission for themes related to MiFID II.

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Percentage of graduates holding this Degree who are currently employed.

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Professional Internships

Percentage of students who carry out internships in the area in which they have specialized.

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Percentage of Professors who are CFA’s or ROAC.



Members of the Professorial Staff

Percentage of Professors who are currently CEO, CFO, CIO and in other Management Positions.

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Success Rate

Ratio of Students who Pass the CFA Exam.

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Advance your professional career with this Master’s Degree

Aurora García Professor at Comillas ICADE

Learning is achieved not only by studying

  • International Professional Internships
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Mara Zabala KPMG Spain


David Angulo Banco Santander

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All you need to know


Admissions Process


Visit the Faculty Attendance is not mandatory, but potential candidates are encouraged to learn about the Faculty, see the facilities, and obtain additional information.

Apply for admission. 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.

Carrying out a personal interview. 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:

-Academic record, business internships and employment history.

-The result of the personal candidate interview with the Director or Coordinator of the Master's Degree.

-The accredited level of the English language and the issuance date of the corresponding certificate, or the result of the English test taken during the selection process.

-Technical tests aimed at checking the candidate's analytical skills, oral comprehension and learning pace.

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:

-Academic Record, Business Internship and Employment History 45%

-Level of English 25%.

-Interview 20%

-Technical Tests 10%

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.

Communication and legal requirements for access to the University.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 Support Program for Students with Disabilities.

Completing the Admissions Process. Once admitted, students must finalize the registration process. This procedure is initiated on the web page, but it is necessary to present the registration form and the additional documentation at the General Registrar´s Office at the University.


Important Dates

  • Submission of applications:
    Since 22/11/19
  • Open Day: 18/02/21, 22/04/21, 19/06/21, 09/09/21
  • Classes begin on: October 4, 2021


Applicant Profile/Requirements and Documentation


Applicant Profile
The Official Master's Degree in Finance is designed for candidates who:
-Have recently completed a university degree and are interested in working in the financial sector.

-Already have brief work experience in this area and will join a company's financial department.

-Currently work in a specific area of the financial sector and wish to gain a more comprehensive and in-depth perspective of the sector or other financial areas.

-Wish to become specialized in an area within finance or the financial sector.

The following are required in order for the cadidates to reach the objectives of the Master´s program:
-B2 level of English.
-Ability to analyze and synthesize.
-Ability to organize, plan and work in a team.
-Critical thinking.
-Knowledge of mathematics.
-Knowledge of the IT tool Excel.

Candidates must hold or be able to justify that they will soon be awarded a Licentiate Degree, Degree in Engineering or in Architecture, or equivalent degree from foreign university.

Information notice on the documents to be submitted


Information on Financial Aid, Grants and Scholarships


The total fee for the Master's program is €17,115 Enrollment: €2,235 plus eight monthly installments of €1,860 each. If you are an alumni, you are entitled to 10% discount.

Paid internships

Study grants


Contact Information


ICADE Business School
Rey Francisco, 4 - 28008 Madrid
Tel.: +34 91 559 20 00

Person Responsible for the Program:
Director: Jorge Martín Hidalgo

Coordinator: José María Fernández-Rico


To Apply for Admission


Are you convinced about studying this master’s degree? You need not wait any longer!

Apply for admission

Who are you going to study with and what are you going to learn

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Economics and Business
1st Term
Business, Financial Strategy and Corporate Governance (CO) 2.0 ECTS ICO/DESCARGA
Managerial Skills for Finance (CO) 3.0 ECTS ICO/DESCARGA
2nd Term
Analysis of the Economic and Financial Situation (CO) 3.0 ECTS ICO/DESCARGA
Fundamentals of Finance
1st Term
Financial Analysis and Financial Management (CO) 3.0 ECTS ICO/DESCARGA
Financial Accounting (CO) 3.0 ECTS ICO/DESCARGA
Statistics and Econometrics for Finance (CO) 2.0 ECTS ICO/DESCARGA
Financial Valuation (CO) 4.0 ECTS ICO/DESCARGA
2nd Term
Financial Taxation (CO) 2.0 ECTS ICO/DESCARGA
Financial Methods
1st Term
Project Finance (CO) 2.0 ECTS ICO/DESCARGA
IT Tools for Finance (CO) 2.0 ECTS ICO/DESCARGA
2nd Term
Technical Analysis and Behavioral Finance (EL) 2.0 ECTS ICO/DESCARGA
Private Banking and Wealth Management (EL) 2.0 ECTS ICO/DESCARGA
Management Control and Auditing (EL) 3.0 ECTS ICO/DESCARGA
Financial Risk Management (CO) 3.0 ECTS ICO/DESCARGA
Advanced Quantitative Methods and Structured Products (EL) 3.0 ECTS ICO/DESCARGA
Financial Markets
1st Term
Portfolio Management (CO) 2.0 ECTS ICO/DESCARGA
Financial Markets (CO) 3.0 ECTS ICO/DESCARGA
2nd Term
Portfolio Management II (EL) 3.0 ECTS ICO/DESCARGA
Regulatory Framework of the Financial System and Compliance (CO) 3.0 ECTS ICO/DESCARGA
Corporate Finance
1st Term
Corporate Finance (CO) 3.0 ECTS ICO/DESCARGA
2nd Term
Advanced Corporate Finance (EL) 2.0 ECTS ICO/DESCARGA
CFA I Exam Preparation Course (EL) 4.0 ECTS ICO/DESCARGA
Financial Transactions
2nd Term
Financial Ethics
2nd Term
Financial Ethics (CO) 2.0 ECTS ICO/DESCARGA
1st Term
Final Master's Project
Final Master´s Project (CO) 6.0 ECTS ICO/DESCARGA

The student must take 11 ECTS of elective subjects (EL)

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Your future teachers

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At the end of the Master's Degree, students will have the possibility of:
- Carrying out part of their studies or participating in "Summer School" at other prestigious Universities and International Business Schools.
- Participating in one of the Professional Development Courses of the Inside Comillas Programs.

Learn More about this
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ICADE Business School

Calle Rey Francisco, 4.

ICADE Business School, as an integral part of the Faculty of Economic Sciences and Business Administration, at the Universidad Pontificia Comillas, is the beneficiary of, and heir to, a long-standing tradition and experience in the education and training of business professionals. It represents a strategic commitment for the future, combining the best of the past with innovation in teaching, research and the transmission of knowledge in the area of Business.



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