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Master in Business and Finance (MRes)

Graduate School of Business

Imagen presentación del máster
Direction
Prof. Neus Palomeras Vilches
Deputy Direction
Prof. Anna Toldrá Simats
Language
English
Attendance
On-campus
Credits
120
Campus
Getafe
Applications

 Open 

☛  Places available: 25

Departments
Business Administration Department

CONTACT

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APPLICATION FOR ADMISSION

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  • Inicio

    The Master in Business and Finance is a research-focused program (MRes) offering specializations in key areas of business: Accounting, Finance, Management, and Marketing. This two-year program equips students with the advanced statistical-econometric tools and the theoretical knowledge that allow to analyze the complexities of the business world through a rigorous analytical lens.

    This highly demanding program is oriented to outstanding students with a curious mind and a strong academic background who are eager to master cutting-edge theoretical knowledge and data analytics skills.

    The training offered by the program prepares students to explore the business world with a scientific mindset, and it is especially valuable for students considering to pursue PhD studies in business-related topics and for those aiming to specialize in corporate roles that demand strong analytical and quantitative skills.

    For prospective PhD candidates, the two years of coursework serve as the first phase of the Doctoral program. This coursework is followed by three to four years dedicated to thesis writing (see details of our PhD in Business & Finance).

    The Master’s program offers scholarships to students with high potential of success in the program. The scholarships include a monthly stipend and/or tuition support

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

    _______

    📥 │ PhD Brochure
     

    logotipo AACSB Accredited

    Reasons to study master in business and finance

    │MASTER IN NUMBERS

    • ☛ 100% in English
    • 80% of international students
    • ☛ An average of 60% of our students receives some type of financial support (tuition fee waiver OR tuition fee waiver + monthly stipend)
    • ☛ About 70% of our graduates pursue a PhD
    • 1st Spanish public Business School (Eduniversal ranking)
    • ☛ The only AACSB-accredited Spanish public Business School
    • ☛ In the Top 10 of young European universities (QS Top 50 Under 50 ranking)
  • CURRICULUM
  • FACULTY

    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).

    Moreover, the master benefits from the strong collaborative ties we maintain with prestigious academics from top universities, who visit the department for seminars or short-courses. In the last years, we have invited reputed professors to give short specialized courses to our students, such as: Prof. Andrés Almazán (McCombs School of Business, U. Texas), Prof. Ashish Arora (Duke University), Prof. Gerald Dwyer (Center for Financial Innovation and Stability), Prof. Manuel F. Bagüés (University of Warwick), Prof. Diego García (University of Colorado, Boulder), Prof. Wayne Landsman (UNC Kenan-Flagler Business School) Prof. David Luna (Zicklin School of Business, Baruch College), Prof. Chris Rider (University of Michigan's Ross School of Business), Prof. Ana Valenzuela (Zicklin School of Business, Baruch College) or Prof. Fernando Zapatero (USC Marshall School of Business).

    UC3M FACULTY

    • BALBÁS, ALEJANDRO
      Department of Business Administration
      Full Professor
      PhD in Mathematical Sciences
      Brief CV
    • BARROSO, ALICIA
      Department of Business Administration
      Associate Professor
      PhD in Economics - CEMFI
      Brief CV
    • BONACHE, JAIME
      Department of Business Administration
      Full Professor of Business Organization
      PhD in Business Administration - Universidad Autónoma de Madrid
      Brief CV
    • DESENDER, KURT
      Department of Business Administration
      Associate Professor
      PhD in Economics, Management and Organization - Universidad Autónoma de Barcelona
      Brief CV
    • DE VRIES, ELINE
      Department of Business Economics
      Associate Professor
      PhD in Economics, Management and Organization - Groningen University
      Brief CV
    • ESTEBAN BRAVO, MERCEDES
      Department of Business Administration
      Full Professor
      PhD in Economics - Universidad Carlos III de Madrid
      Brief CV
    • GARCÍA LARA, JUAN MANUEL
      Department of Business Administration
      Full Professor
      PhD in Accounting - Universidad de Valencia
      Brief CV
    • GARCÍA OSMA, BEATRIZ
      Department of Business Administration
      Full Professor
      PhD in Accounting & Finance - Lancaster University
      Brief CV
    • GIOMETTI, MARCO
      Department of Business Administration
      Assistant Professor
      PhD in Finance - The Wharton School, University of Pennsylvania
    • GUTIÉRREZ, ISABEL
      Department of Business Administration
      Full Professor
      PhD in Business Economics - Universidad de Sevilla
      Brief CV
    • GUTIÉRREZ, MARÍA
      Department of Business Administration
      Associate Professor
      PhD in Economics - Universidad Complutense de Madrid
      Brief CV
    • KARALAS, GEORGIOS
      Department of Business Administration
      Assistant Professor
      PhD in Finance - University of Piraeus
      Brief CV
    • MACÍAS, MARTA
      Department of Business Administration
      Associate Professor
      PhD in Economics and Business - Universidad de Jaén
      Brief CV
    • MARÍN, JOSÉ
      Department of Business Administration
      Full Professor
      PhD in Economics - University of Pennsylvania
      Brief CV
    • MARTÍNEZ-MIERA, DAVID
      Department of Business Administration
      Associate Professor
      PhD in Economics - CEMFI y UIMP
      Brief CV
    • MEILÁN VILA, ANDREA
      Departament of Statistics
      Juan de la Cierva Fellow
      PhD
      Brief CV
    • MELERO, EDUARDO
      Department of Business Administration
      Associate Professor
      PhD in Management - Universitat Pompeu Fabra
      Brief CV
    • MINGUEZ, ROBERTO
      Departament of Statistics
      Visiting Professor
      PhD in Applied Mathematics – Universidad de Cantabria
      Brief CV
    • MONTES, MARIA JOSÉ
      Department of Business Administration
      Associate Professor
      PhD in Economics and Quantitative Methods - Universidad Carlos III de Madrid
      Brief CV
    • MORENO, DAVID
      Department of Business Administration
      Associate Professor
      PhD in Economics - Universidad de Alcalá
      Brief CV
    • ORTEGA, JAIME
      Department of Business Administration
      Associate Professor
      PhD in Economics - Massachusetts Institute of Technology
      Brief CV
    • PALOMERAS, NEUS
      Department of Business Administration
      Associate Professor
      PhD in Management - Universitat Pompeu Fabra
      Brief CV
    • PENALVA, JOSÉ
      Department of Business Administration
      Associate Professor
      PhD in Economics - University of California, Los Angeles (UCLA)
      Brief CV
    • PEÑA, NACHO
      Department of Business Administration
      Full Professor
      PhD in Economics - Universidad Autónoma de Madrid
      Brief CV
    • REIS, SAMIRA
      Department of Business Administration
      Associate Professor
      PhD in Business Administration - Bocconi University
      Brief CV
    • RICO, RAMÓN
      Department of Business Administration
      Full Professor
      PhD in Psychology – Universidad Autónoma de Madrid
      Brief CV
    • RUDIGER, JESPER
      Department of Business Administration
      Associate Professor
      PhD in Economics – Universidad Carlos III de Madrid
      Brief CV
    • RUIZ VERDÚ, PABLO
      Department of Business Administration
      Associate Professor
      PhD in Economics - Stanford University
      Brief CV
    • SAMARTIN, MARGARITA
      Department of Business Administration
      Associate Professor
      European Doctorate in Quantitative Economics - CORE-LSE-DELTA-U. Bonn
      Brief CV
    • SERRANO, PEDRO
      Department of Business Administration
      Associate Professor
      PhD in Finance – Universidad del País Vasco
      Brief CV
    • TOLDRÀ, ANNA
      Department of Business Administration
      Associate Professor
      PhD in Economics - University of Toulouse
      Brief CV
    • VEIGA, HELENA
      Departament of Statistics
      Associate Professor
      PhD in Economics - Universitat Autònoma de Barcelona
      Brief CV
    • VIDAL, JOSÉ
      Department of Business Administration
      Full Professor
      PhD in Economics - Universidad Carlos III de Madrid
      Brief CV
  • ADMISSION
    • ADMISSION

      Application

      The request must be submitted electronically through our application system. Before beginning the admission process, please read the following information:

      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.).

       

      Language requirements

      Students must demonstrate a working knowledge of the English language, with a minimum required level of B2.

      English skills must be accredited with the results of an official English diploma (CAE, IELTS, TOEFL).

      Check here the accepted diplomas and minimum scores required.

       

      Admission criteria

      Admission will be decided by the Master’s Academic Committee. 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 and motivation.

      The candidate’s academic records and background will have a minimum weight of 50% and the university of origin at least 25%.

      Documents

      Document Notes / explanations
      Application Form Personal information and academic data of the candidate.
      Two reference letters Recommendation letters are very important to evaluate the candidate. They must be recent letters by professors who can provide relevant information about the ability and motivation of the candidate to pursue MRes/PhD studies. In the last step of the online application, the candidate must provide the name and e-mail of the professors who are suggested to act as referees. The University will contact them to indicate the procedure to submit the recommendation letters.
      Affidavit of previous studies and conditioned enrollment To be submitted only if the candidate has not completed the bachelor's degree at the time of application 
      Official Degree (As soon as it is available) Official Bachelor’s degree. Other titles will be considered as complementary documents to enhance the candidate’s application.
      Official academic transcripts Academic records from the candidate’s Bachelor’s degree. Transcripts from other academic degrees will be considered as complementary documents. You can submit provisionary grades from a program you are currently enrolled 
      Curriculum vitae Resume in English
      A brief statement of purpose Motivation letter stating your interest for the program and your field of interest (in English)
      GRE scores* Not compulsory but highly recommended
      English Certificate Official English diploma (see language requirements)

      students with foreign university degrees

      Once admitted to the Master’s program, students holding a university degree from a higher education institution outside the EHEA must provide the diploma, legalized through diplomatic procedures or by The Hague Apostille, for enrollment. They must also submit their transcript of records, including the grade point average, duly legalized.

      More information about Legalization of Foreign Documents.

      If needed, documents must be accompanied by an official sworn translation into Spanish.

    • ENROLLMENT

      TUITION FEES*

      Reservation fee: €450 

      • it will be paid once the student receives notification of admission to the master’s, and deducted from the first tuition payment
      • the reservation fee will only be refunded if the master program is cancelled

      60 ECTS in the first academic year:

      • EU students: €2,701.2 (€45.02/ECTS credit)
      • Non EU students: €5,044.2 (€84.07/ECTS credit)

      ✎│Tuition fees
       

      NOTE: the indicated public prices do not include in any case, neither the ECTS corresponding to the Formative Complements that the student must take (only master's degrees with previous Formative Complements), nor the cost of issuing the master’s degree certificate.

      _______

      * Current fees for the 24/25 academic year, pending approval by the Community of Madrid for the 25/26 academic year.

      Additional information

      • You may enrol on the master’s degree after completing the admission process and receiving formal confirmation of your acceptance.
      • When performing the enrolment you can choose between Full-time enrolment or Part-time enrolment.
      • The email address provided upon enrolment will be used for formal communications; students are therefore kindly requested to check their mail regularly.
      • Pursuant to the regulations of the Universidad Carlos III de Madrid, a student failing to pay any part of the fees will not be admitted and the enrolment process will be terminated. In cases of cancellation of enrolment due to non-payment, the University may demand the payment of the pending amounts for enrolment in previous academic courses as a prior condition of enrolment.
        No diploma or certificate will be issued if a student has any outstanding payments.

      ✎│Enrolment master’s programmes

      ✎│ECTS credits recognition

  • SCHOLARSHIPS

    The Master's program offers scholarships to students with an outstanding academic background. The scholarships include: 

    • tuition fees waivers
    • full scholarships (tuition + monthly stipend)

    All eligible applicants to the program are provided with information about the available scholarships.

    These scholarships are possible thanks to the resources provided by private sponsors, the University, and the Department of Business Economics.

    General information on scholarships

    For more information on specific scholarships of interest, awarded by the Universidad Carlos III de Madrid as well as other agencies or organizations, please refer here:

    🎓 │ Scholarships to study a University Master

  • PRACTICAL INFORMATION

    titulo cabecera para seccion recursos materiales del máeter

    MATERIAL RESOURCES OF THE PROGRAMME

    Material resources of Getafe Campus

    titulo cabecera para sección quejas, reclamaciones y sugerencias

    complaints and suggestions

    General Registry Office

    Contact mailbox 

  • JOB PLACEMENT

    Students from the Master in Business and Finance have found employment in institutions and firms such as:

    • Academic positions at universities (for those following the PhD) such as: Aalto School of Business, Bayes Business School, BI Norwegian Business School, Copenhagen Business School, CUNEF, ESADE, ESCP Europe, Erasmus University, Groningen University, IESE, Instituto de Empresa (IE), ICADE, ITAM, Jinan University, Lancaster University, Max Planck Institute, Neoma Business School, Norwegian School of Economics, Pontificia Universidad Católica de Chile, Stockholm School of Economics, Universidad Alberto Hurtado, Universidad Autónoma de Barcelona, University College London, Universidad de Navarra, Universidade Nova de Lisboa, Universitat de les Illes Balears, University of Antwerp, University of Bristol, University of Glasgow, Stockholm School of Economics, Tilburg University, Warwick Business School, Xiamen University or Zhongnan University of Economics and Law.
    • Research institutions and regulators such as: AIReF, Banco Central do Brasil, Banco de España, Spanish stock market regulator (CNMV), Portuguese stock market regulator (CMVM)
    • Companies such as: AB InBev, Acuity Knowledge Partners, Aptimus Capital Partners, Amazon, Bank of China (London), Bertelsmann SE, BBVA Research, Boston Consulting Group, CommerzBank, Cushman & Wakefield, Deutsche Telekom, Everis, Goldman Sachs, KPMG, Management Solutions, Morgan Stanley, Newbers Advanced Analytics, Nfq Advisory, Santander Corporate & Investment Banking, Securitas Direct or Repsol YPF.

    University-wide placement services

    The University's Foundation (Fundación Universidad Carlos III) holds a careers service (UC3M Guidance & Employment) which orients, informs and helps graduates to access the labour market.

    UC3M Career service