Official Master's Degree in Finance

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Since 10/11/2020

60 places

30 places group

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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 Executive Programme 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.

foto de Jorge Martín

Advance your professional career with this Master’s Degree

Jorge MartínDirector of the Program

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. All candidates interested in applying for this Master’s Degree Program must fill out an on-line application and, subsequently, submit the documents required to the General University Registrar´s Office.
Once the documentation has been analyzed, candidates will receive instructions on the procedure for taking entrance exams in the following weeks. A personal interview will be carried out with the Director or the Coordinator of the Master´s Degree Program. Candidates must also sit for exams of a technical nature, a written composition and an Excel exercise. An exam to deteremine the level of English will be adminstered as well.

Procedures for Entrance Exams for Admission to the Degree. In order to arrive at a decision on the admission of candidates to the Official Master's Degree in Finance, the following criteria for the assessment of merit and the weighting of each procedure will be as follows:
-Academic transcript, internships carried out in companies and previous work experience (45%)
-The result of a personal interview by the candidate with the Director or the Coordinator of the Master´s Degree Program, which will be carried out in English (20%)
-The accredited level of knowledge of English, the date of issue of the corresponding certificate to justify the level of English, and the result of the English level exam carried out in the selection process will be taken into account. All candidates must take an English level exam, regardless of the certification provided. A B2 level of English must be demonstrated according to the European Reference Framework (25%)
-Technical exams aimed at verifying the analytical skills of candidates, verbal comprehension and their relative pace of learning will be administered. These exams will consist of a composition, written in English, and an Excel exam (10%).
The final decision on admission is based on the position in the ranking given to the global assessment of each candidate's file, in relation to the entire group of candidates and to 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 students interested in enrolling in this Master’s Degree Program have any type of disabilities, they will be provided, upon request, with direct and personalized attention by the Social Work Unit, which will draw up, among other possible actions, a 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:
Open since November 10, 2020

Open Days:
- February 18, 2021
- April 22, 2021
- May 27, 2021
- July 08, 2021
- September 09, 2021

Classes begin on: October 04, 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 Fees, Payments, Grants and Scholarships


The total fee for the Master's program is €18.613 Enrollment: €2,428.25 plus eight monthly installments of €2,023.12 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


Apply for Admission


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

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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, Taught only in English) 2.0 ECTS ICO/DESCARGA
Managerial Skills for Finance (CO, Taught only in English) 3.0 ECTS ICO/DESCARGA
2nd Term
Analysis of the Economic and Financial Situation (CO, Taught only in English) 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, Taught only in English) 2.0 ECTS ICO/DESCARGA
Financial Valuation (CO) 4.0 ECTS ICO/DESCARGA
2nd Term
Financial Taxation (CO, Taught only in English) 2.0 ECTS ICO/DESCARGA
Financial Methods
1st Term
Project Finance (CO, Taught only in English) 2.0 ECTS ICO/DESCARGA
IT Tools for Finance (CO, Taught only in English) 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, Taught only in English) 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, Taught only in English) 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, Taught only in English) 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). All of them will be taught in English

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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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