The Official Master's Degree in Financial Risk Management is offered by the Faculty of Economics and Business Administration at Comillas Pontifical University (ICADE), through ICADE Business School.
Its main aim is to provide specialized training oriented to professional roles in the field of risks.
This Master's program is taught on a full-time basis and structured into four modules.
The first one encompasses core training aimed at gaining a thorough understanding of the theoretical background necessary to work as a financial risk manager.
The second one provides the students with specialized knowledge that is specific to the field.
The third and fourth modules cover the Master's dissertation and the in-company internship in the sector, respectively.
The Master's program is scheduled to start in October 1 2018 and end in July 2019.
The timetable is designed to enable students to work and study at the same time. 1rst term from 17:00 to 22:00, 2nd term from 18:00 to 22:00
Classes will begin on Monday, October 1, 2018.
The deadline for submitting applications begins on November 24, 2017.
The dates of admissions test shall be established by the programme directors, who shall be in charge of getting in touch with the relevant candidates.
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This Master´s degree is aimed at university graduates who wish to focus their career on the financial sector, gaining specialized and up-to-date training in financial risk management. This training will provide high added value to those who go on to work in financial institutions, consultancy firms, in the insurance sector and the most regulated sectors, such as energy or telecommunications.
It is both suitable for students who have recently finished their studies and those who have professional experience and wish to add this specialist training to their CV.
The abilities largely required by the student are maturity and analytical skills. The attitudes required are motivation, a commitment to work and an appreciation of ethical values.
The Master´s program is particulary suited for those with degrees in economics, business administration or studies that provide solid quantitative training (engineers, technical engineers, those with degrees in mathematics, physics and statistics).
The program is taught in Spanish and therefore an advanced level is required in this language. At the same time, an intermediate level of English is required in order to consult documentary sources and to responde to the requirements stated by companies, both for the course internship and professional opportunities.
To be admitted, applicants to the Official Master's Degree in Financial Risk Management must be able to provide proof of (or justify that they will soon be awarded) the following:
*Preferably in the fields of Economics or Business Administration
Admission to this Official Master's Degree in Financial Risk Management is granted by the Dean of the School of Business and Economics, at the proposal of the Deputy Sub Committee on Admissions, formed by the Director of ICADE Business School and the Director of the Master's Degree in Financial Risk Management
Admissions must be submitted within the time frame stated, in a standard format and accompanied by all of the documents which certify the fulfilment of the entry requirements.
With the purpose of stating whether a candidate is eligible for the Official Master's Degree in Financial Risk Management, the following assessment criteria shall be considered:
Graduates in Economy, Business Administration, Statistics, Mathematics, Engineering or Physics do not need to undergo tests regarding previous knowledge. Candidates that come from other programmes must certify their knowledge in the area of statistics by means of the tests carried out specifically for this purpose.
Assessment of the request for admission to the Official Master's Degree in Financial Risk Assessment shall be obtained from joint assessment of the different requirements. Final admission is established in function of the position of the candidate with regard of global assessment of their academic record with respect to the other candidates and with the number of places available.
The following table specifies weighting of different admission criteria and requirements:
|Academic record and complementary tests.||Average mark
Result obtained in complementary tests (when appropriate)
|Personal interview||Assessment of maturity though listening, arguing and debating skills.
Personal circumstances and commitments as reflected by the time that they may invest on studying.
|Level of English||10%|
Master's fees: EUR 16,530
Registration: EUR 2,235.60
Installments: 8 x EUR 1,786.8
If you are an alumni, you are entitled to 10% discount.
ICADE Business School
C/ Rey Francisco, 4
Tel. 91 559 20 00
The main objective of this Degree is to offer post-graduate level training in the specialised area of Integral Risk Management.
As a professional-oriented Masters' Degree, it is aimed at the student acquiring the appropriate knowledge and skills needed for professional performance in the area of Risk Management. Besides, pursues the development of a series of values and attitudes that shall be reflected in the quality of their work in the different professional scopes where they are to develop their career.
This Master's Degree is taught by a combination of different training methods: masterclasses and lectures, seminars and individual mentoring. In this environment, students prepare presentations and take part in structured discussions.
In-person lessons are supplemented by autonomous learning by the student, who shall be able to assess themselves and deepen further into the proposed issues.
The Official Master's Degree in Financial Risk Management has a programme including 60 ECTS credits distributed in the following manner:
In-person lessons are estimated to be concluded in the last weeks of May. From that moment on, the student's tasks are limited to submitting and defending the End of Master Project and finishing their internship, when it has not been finished before.
Evaluation activities are distributed along the two semesters and are highlighted in the relevant time schedule. Extraordinary exams shall be taken over the first two weeks of June.
Academic Year 2017 -2018
Subject distribution in semesters, credits and specialisation are specified below.
- Basic principles of risk identification and management
- Analysis and management of market risk and liquidity risk
(choose up to 4 credits)
Knowledge area 1 Risk as an element to be controlled
Knowledge area 2 Mathematical model for risk management
Knowledge area 3 Risk management in business models
Knowledge area 4 Professional tools and ethics
Knowledge area 5 Internship
Knowledge area 6 End of Master Project
The goal of our internships is to provide our students with an opportunity to alternate theoretical learning with professional practice, and to enter the labour market at the conclusion of the programme having acquired at least some professional experience.
Professional practice in the form of an external internship is a compulsory subject in this Official Master's Degree syllabus, which the students must take. As a compulsory subject, it is be subject to evaluation and assigned a mark.
In general, internships are taken during the second semester. Minimum duration of practices is at least 6 weeks. It is the intention of this programme that such internships are paid, although the final decision shall correspond to the company that offers the internship position.
This Official Master's Degree in Financial risk management provides the student with the necessary skills to carry out their activities in the following financial-related functions.
Likewise the Official Master's Degree in Financial Risk Management is a pathway onto the official doctorate programme, in line with the provisions in Royal Decree 99/2011 of 28 January which regulates official doctorate teachings.
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)