Study cover for Business and Finance
M.Res. On Campus

Business and Finance

Universidad Carlos III de Madrid

24 months
5000 EUR/year
2700 EUR/year
Tuition fee
Apply date
Start date


The Business Department of the Universidad Carlos III de Madrid (UC3M) offers a Master of Research (MRes) and a PhD programme for outstanding students with curious mindsets interested in understanding the business world from a rigorous and multidisciplinary perspective. The programme offers specializations in the main areas of business: Accounting, Finance, Management, and Marketing. The program is academically very demanding as it provides students with the statistical-econometric tools and the theoretical knowledge needed to study the business reality with analytical lenses.

Visit the official programme website for more information


The MRes in Business and Finance is oriented to students with curious mindsets interested in understanding the business world from a rigorous and multidisciplinary perspective. It combines core courses that convey the foundations of analytical skills and specialized courses that expose students to the state-of-the-art research in their area of interest.

These two-years of coursework are considered as the first part of the Doctoral program for the students who wish to continue into the PhD. After the two years of thorough coursework (MRes), students spend three years of thesis writing  (PhD) under the guidance of an expert supervisor.

The Master is offered by the Business Administration Department at UC3M, known by its long-standing commitment to quality instruction and rigorous training. The Department is accredited by the prestigious AACSB.



Our program offers instruction from top-quality faculty with strong research interests and publishing in the top academic outlets. Our faculty members have obtained their PhDs from the most prestigious universities in the US (MIT, Pennsylvania, Stanford, UCLA) and Europe (Bocconi, CEMFI, LSE, Toulouse, Universitat Autònoma de Barcelona or Universitat Pompeu Fabra).

In the last years, we have invited professors from reputed US top universities to give short courses to our students


The Business School is AACSB - accredited (AACSB: accredited Spanish public Business School)

Programme Structure

The Master’s program is divided into two academic years (60 ECTS each) that cover core, specialized and elective courses.

•    Core subjects provide students with the key analytical skills and methodological tools (1st year)

•    Specialized courses build the foundations of the students’ research area of interest – the two big areas of interest are Finance and Management. In each of these areas, the students can develop deeper specializations:

•    Accounting

•    Asset Pricing

•    Corporate Finance

•    Consumer Behavior

•    Quantitative Marketing

•    Entrepreneurship & Innovation

•    Managing People

•    Strategy

•    Supply Chain Management

•    Elective courses allow students to develop a multidisciplinary perspective, and can be chosen from other specializations in the master or from other masters at UC3M (2nd year)

Key information


  • Full-time
    • 24 months

Start dates & application deadlines

More details

Application deadline: open until May 31st; recommended before March 31st

  • If interested, we invite you to join an informative online session on March 1st. Details on this link:


120 ECTS


On Campus

Academic requirements

We are not aware of any academic requirements for this programme.

Other requirements

General requirements

Admission requirements to the program entail the possession of a bachelor’s degree, or equivalent, with quantitative training in the fields of Business Administration or Economics or related areas (Statistics, Mathematics, Engineering, etc.).

Graduates from programs with a weak quantitative content need to provide strong evidence that they have sufficient quantitative skills or ability to acquire them (high quantitative GRE scores, high scores in quantitative subjects, extra-courses or specialization/minors in quantitative subjects, etc.).

The ideal candidate should possess intellectual curiosity, a strong desire to excel in an academic environment, advanced communication skills in English, excellent academic credentials and a robust quantitative background.

Candidate selection will be done on the basis of the following criteria:

•    Academic record

•    Quantitative background of students in Business Administration or related areas

•    The prestige of the university of origin

•    Letters of recommendation from professors who know the candidate and can assess her/his ability to pursue a MRes

•    Letter of motivation

Tuition Fee

To alway see correct tuition fees
  • International

    5000 EUR/year
    Tuition Fee
    Based on the tuition of 5000 EUR per year during 24 months.
  • EU/EEA

    2700 EUR/year
    Tuition Fee
    Based on the tuition of 2700 EUR per year during 24 months.

Tuition fee: waived for scholarship recipients


As a public institution, we are committed to equal opportunity. We offer financial aid to students in good standing in the form of tuition fee waivers and a monthly stipend. Financial support is extended to those students continuing into the PhD.

To opt for financial aid from the University, early applications are recommended.

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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Business and Finance
Universidad Carlos III de Madrid


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