24 months
Duration
6600 EUR/year
3300 EUR/year
Unknown
Unknown
Apply date
Unknown
Start date

About

This Economics and Finance programme from the CEMFI equips students with a solid foundation in Economics, state of the art quantitative tools, and frontier knowledge in the chosen fields of specialization.

Visit programme website for more information

Overview

The Economics and Finance programme from the CEMFI students enjoy an active, cohesive and stimulating academic environment in which to lay the foundations for a productive career. A long trajectory of successful placements in the private and public sectors, as well as in top doctoral programs, endorses the added value of our program.

Key facts:

The Economics and Finance programme offered at CEMFI is an official two-year degree, with 120 ECTS (complying with the European directives for higher education). The program is divided into coursework, participation in workshops, and the writing of a Master thesis. The Universidad Internacional Menéndez Pelayo awards the official degrees of the CEMFI Graduate Program.

Programme Structure

Curriculum:

  • Markets and Organizations
  • Quantitative Macroeconomics
  • Financial Economics
  • Applied Macroeconometrics
  • Econometrics
  • Uncertainty and Information

Key information

Duration

  • Full-time
    • 24 months

Start dates & application deadlines

Credits

120 ECTS

Delivered

On Campus

Academic requirements

GRE admission requirements GRE®
Required

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

  • Additional medical costs (i.e. dental)
  • Repatriation, if something happens to you or your family
  • Liability
  • Home contents and baggage
  • Accidents
  • Legal aid

We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at CEMFI and/or in Spain, please visit Student Insurance Portal.

Other requirements

General requirements

  • Undergraduate degree. Degree in a related discipline such as economics, business, mathematics, physics, engineering, etc. If you have not yet completed your undergraduate studies, you can postpone submitting your diploma until you effectively join the program in September 2025.
  • Graduate record examination (GRE). CEMFI's ETS institutional code for the GRE is 7046. You can submit the complete pdf of the test taker score report, sending a physical copy is optional.
  • Proof of English knowledge. We accept one of the following three exams: the TOEFL iBT (minimum score of 100), the IELTS (minimum score of 7), or Cambridge Assessment English (either the Advance or the Proficiency certificate.
  • Reference letters. You will need (at least) two confidential reference letters from faculty who know you well as a student.
  • Statement of purpose. In 500 words approximately, explain your motivation to apply to CEMFI.

Tuition Fee

To always see correct tuition fees
  • International

    6600 EUR/year
    Tuition Fee
    Based on the tuition of 6600 EUR per year during 24 months.
  • EU/EEA

    3300 EUR/year
    Tuition Fee
    Based on the tuition of 3300 EUR per year during 24 months.
  • Administrative fees: EUR 40.58 (yr 1)/EUR 7.78 (yr 2)

Living costs for Madrid

745 - 1260 EUR /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

We offer academic-merit based scholarships and tuition waivers to students of allnationalities. To be considered for funding, please select the appropriate checkbox in theapplication form. Please note that this selection will not affect the chances of beingadmitted to the program.

In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.

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Scholarships Information

Below you will find Master's scholarship opportunities for Economics and Finance.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

Independent provider
Grant
Various benefits
Deadline
Anytime
Summer courses of Lectures for Institutes of Languages from the University
Merit-based

Read more about eligibility

OeAD, Austria's Agency for Education and Internationalisation
Location not available
Independent provider
Grant
1000000 INR
Deadline
Anytime
Education Future International Scholarship
Merit-based

Read more about eligibility

Education Future
Location not available
Independent provider
Grant
1500 USD
Deadline
15 May 2025
Study Abroad Scholarship Program - Diversity Scholarship
Merit-based

Read more about eligibility

Spanish Studies Abroad
Location not available
Independent provider
Grant
1500 USD
Deadline
15 May 2025
Study Abroad Merit-Based Scholarship
Merit-based

Read more about eligibility

Spanish Studies Abroad Alumni Scholar Fund
Location not available
Independent provider
Grant
33600 EUR
Deadline
01 Jul 2025
Mundus MAPP EMJM Scholarship
Merit-based

Read more about eligibility

Mundus MAPP
Location not available
Independent provider
Grant
Various benefits
Deadline
24 May 2025
Queen Elizabeth Commonwealth Scholarships
Merit-based Need-based

Read more about eligibility

ACU (The Association of Commonweath Universities)
Location not available
Independent provider
Grant
1500 USD
Deadline
15 Sep 2025
Headway’s Book Lovers Scholarship
Merit-based

Read more about eligibility

Headway
Location not available
Independent provider
Grant
1000 USD
Deadline
01 Jun 2025
1040 Abroad International Studies Scholarship Initiative
Merit-based Need-based

Read more about eligibility

1040 Abroad
Location not available
Independent provider
Grant
Various benefits
Deadline
Not specified
Erasmus+ - Grants for study mobility
Merit-based

Read more about eligibility

OeAD, Austria's Agency for Education and Internationalisation
Location not available
Independent provider
Grant
7000 USD
Deadline
24 Apr 2025
Go Global MBA Scholarship
Merit-based

Read more about eligibility

educations.com
Location not available
Independent provider
Grant
5000 EUR
Deadline
15 May 2025
Study a Master's in Europe Scholarship
Merit-based

Read more about eligibility

educations.com
Location not available
Independent provider
Grant
3000 USD
Deadline
30 Jun 2025
Essay Writing Contest from EduLegit
Merit-based Need-based

Read more about eligibility

Edulegit
Location not available
Independent provider
Grant
1000 USD
Deadline
09 Jul 2025
Dream Chaser Scholarship
Merit-based

Read more about eligibility

Salvado Law
Location not available
Independent provider
Grant
1000 USD
Deadline
02 Jul 2025
Jewish Heritage Scholarship
Merit-based

Read more about eligibility

Diamant Gerstein
Location not available
Independent provider
Grant
10000 USD
Deadline
Not specified
The Education for Sustainable Energy Development (ESED) scholarship
Merit-based

Read more about eligibility

Global Sustainable Electricity Partnership
Location not available
Independent provider
Grant
90000 AUD
Deadline
Not specified
World Universities Ramsay Postgraduate Scholarship
Merit-based Need-based

Read more about eligibility

The Ramsay Centre
Location not available
Independent provider
Grant
3000 USD
Deadline
31 Dec 2025
Scholarship for students with disabilities
Need-based

Read more about eligibility

Anonymous Hope Fund
Location not available
Independent provider
Grant
2000 USD
Deadline
01 Sep 2025
The Rick Blight Leadership in Action Scholarship for Athletes
Merit-based

Read more about eligibility

Canadian Men’s Health Foundation
Location not available
Independent provider
Grant
8000 EUR
Deadline
Not specified
Erasmus Mundus Joint Masters scholarships
Merit-based Need-based

Read more about eligibility

European Commission
Location not available
Independent provider
Grant
3000 USD
Deadline
Not specified
AAPG Foundation Grants-in-Aid
Merit-based Need-based

Read more about eligibility

American Association of Petroleum Geologists Foundation
Location not available
Independent provider
Grant
1000 USD
Deadline
20 May 2025
PlagiarismSearch 2025 Essay Contest
Merit-based

Read more about eligibility

PlagiarismSearch
Location not available
Independent provider
Grant
1000 USD
Deadline
01 Mar 2025
Voice Talent Online Scholarship
Merit-based Need-based

Read more about eligibility

Voice Talent Online
Location not available
Independent provider
Grant
965 USD
Deadline
Anytime
Dr. Martin Blank – SYB Scholarship
Merit-based

Read more about eligibility

Shield Your Body
Location not available
Independent provider
Grant
55 GBP
Deadline
19 Jun 2025
IELTS Morgan Terry Memorial IATEFL Scholarship
Merit-based

Read more about eligibility

IELTS from 6 to 9
Location not available

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