Top 10 Master in Finance Programs in the world

By admitStreet Team

In today’s dynamic financial landscape, a Master’s in Finance (MiF) is more than just a degree; it’s a gateway to high-level careers in banking, investment, consulting, and corporate finance. 

Selecting the right program can significantly impact your career trajectory, providing advanced knowledge and skills, valuable industry connections, and impressive earning potential. 

This article highlights ten top 10 Masters in Finance programs from prestigious business schools worldwide, each renowned for its academic excellence, robust curricula, and strong placement records.

Top 10 Master in Finance (MiF) Programs

#School NameMiF Program NameLocation (main campus)DurationSalary today (US$)Salary percentage increase
1HEC ParisMSc International FinanceFrance10 months175,703120
2London Business SchoolMasters in FinanceUK10-16 months135,15857
3Essec Business SchoolMSc FinanceFrance12 months135,37171
4ESCP Business SchoolMSc FinanceFrance15 months158,17663
5University of Oxford: SaïdMSc Financial EconomicsUK9 months142,55654
6Imperial College Business SchoolMSc FinanceUK12 months129,35469
7IE Business SchoolMaster in FinanceSpain12 months148,41478
8University of St GallenMaster of Arts in Banking and Finance (MBF)Switzerland18 months141,52674
9Edhec Business SchoolMSc in International FinanceFrance12 months129,70670
10SDA Bocconi/Università BocconiMaster in Corporate Finance (MCF)Italy12 months125,43275

HEC Paris

HEC Paris’s Master in International Finance (MIF) program is globally renowned, ranked #1 by QS Rankings in 2024. Designed to prepare students for high-impact careers in finance, this program boasts impressive outcomes, including a 100% employment rate within three months of graduation and competitive salaries.

Key Facts

Program NameMaster in International Finance
Ranking#1 QS Rankings 2024
Employment Rate (3 months)100% (Financial Times 2023)
Median GMAT710
Average Starting Salary€78,000
Average Salary (3 years post-grad)€157,000
International Students63%
Duration10 months

Program Structure

HEC Paris’s MIF program offers two tracks to cater to different academic backgrounds:

  1. Business Track
  2. Accelerated Track

Business Track

For students with a background in business and finance, typically including courses in financial accounting, corporate finance, financial markets, derivatives, and statistics. These students often have internship experience in banking or consulting.

Accelerated Track

Designed for students with strong quantitative skills, often from fields such as mathematics, physics, engineering, or econometrics, looking to transition into finance. This track is also suitable for students with humanities backgrounds without prior finance coursework or internships.


The MIF program starts with a tailored 7-week sequence based on the student’s academic background, followed by core and advanced courses in the first semester and a wide range of electives in the second semester.

Core Courses

  • Asset Management
  • Behavioral and Sustainable Finance
  • Corporate Finance
  • Corporate Valuation
  • Economics of Financial Regulation
  • Ethics Seminar
  • Financial Accounting and Reporting
  • Financial Modelling
  • Financial Statement Analysis
  • Fixed Income and Money Markets
  • International Finance
  • International Macroeconomics
  • Introduction to Finance
  • Securities Markets


Students choose one of two specializations as part of their application:

  1. Corporate Finance Specialization: Ideal for careers in M&A, private equity, consulting, and multinational corporations.
  2. Capital Markets Specialization: Suited for careers in trading, structuring, market analysis, wealth, and asset management.

Specialization Courses

Corporate Finance Specialization CoursesCapital Markets Specialization Courses
Corporate RestructuringEmpirical Methods in Finance
DerivativesFinancial Engineering
Financial ModelingQuantitative Asset Management

Career Outcomes

HEC Paris’s MIF graduates have exceptional career prospects, reflected in their high employment rates and salaries.

Employment Statistics

Employment within 3 months100%
Average Starting Salary€78,000
Average Salary (3 years post-grad)€157,000

Post-Master Job Functions

General Management4%

Post-Master Job Sectors

Real Estate3%
Financial Services78%


HEC Paris values applicants with strong quantitative backgrounds and welcomes candidates from all nationalities.


Business Track:

  • Bachelor’s or Master’s degree from an international institution
  • Prior coursework in financial accounting, corporate finance, investments, derivatives, business statistics, and calculus

Accelerated Track:

  • Bachelor’s or Master’s degree from an international institution or a master’s degree from a French university or engineering school

Application Process

Phase 1:

  • Online application and submission of supporting documents

Phase 2:

  • Face-to-face or Zoom interview for pre-selected candidates

Required Documents

  • Degree certificate(s)
  • Academic transcripts
  • Résumé (CV)
  • GMAT/GRE/TageMage scores
  • English language proficiency test score (if applicable)
  • Two reference forms
  • Passport-style photo
  • Application fee of €125

Fees and Living Costs

Academic YearAcademic FeesStudent Services FeesAdministrative FeesTotal Tuition Fees

Additional living costs are approximately €1,000 per month, covering housing, food, insurance, sports, and leisure activities.

London Business School

London Business School (LBS) offers a prestigious Master in Finance (MiF) program designed to provide deep financial expertise and advanced practical skills. Here, we provide a comprehensive overview of the program, including its structure, career prospects, admissions process, and costs.

Program Overview

  • Duration: 10-16 months
  • Next Start: August 2024
  • Format: Full-time
  • Location: London
  • Student Association Fee: £180

Program Structure

London Business School master in finance program structure

The MiF program at LBS is highly flexible, allowing students to tailor their studies to their career goals and interests through a wide range of electives and concentrations.

  • Electives Portfolio: Over 65 electives, more than any other MiF program.
  • Specializations: CFO, Corporate Finance, Investment Management and Analysis, Risk Management and Derivatives.
  • Flexible Exit Points: Supports career development with various completion timelines.
  • Fourth Term Options: International exchange, internship, or additional electives.

Core Areas of Study

  • Investments
  • Corporate Finance and Valuation
  • Financial Accounting and Analysis
  • Purpose of Finance: Reflecting on industry experience and the finance profession

Practical Experience

  • Real-world project work to apply learning
  • Discussions with established finance leaders
  • Global Immersion Elective: Visiting major banking and asset management firms abroad (recent locations include New York/Boston and Paris/Frankfurt)

Career Outcomes

LBS’s MiF graduates enjoy exceptional career prospects with strong employment rates and competitive salaries.

Employment Statistics:

Accepted an offer within 3 months90%
Received an offer within 3 months93%
Reporting rate99%

Sector Breakdown (2022):

Financial Services78%
– Investment Banking33%
– Investment Management16%
– Central Banks/Ministries/Regulation12%
– Private Equity10%
– Venture Capital4%
– Retail Banking2%
– Insurance and Pension Services1%
– Diversified12%
– Technology5%
– Consulting5%

Salary Information:

SectorUK PoundsUS DollarsInternational Dollars
Other Comp.£50,773$61,233$80,969

Admissions Process

Application Requirements:

  • Completed online application form (can be saved and completed over several sessions)
  • Application essays:
    • Q1: Career objectives, steps to achieve them, alternatives considered, and preferred geographical work region (max 500 words)
    • Q2: Areas of LBS life you are excited about and how you will add value to the school community (max 300 words)
  • One-page CV
  • Names and details of referee(s)
  • GMAT/GMAT Focus/GRE score (waivers available)
  • Proof of English language ability (IELTS, TOEFL, Cambridge CPE, CAE, PTE Academic)
  • Copy of university transcript(s)

Application Fee: £150 (paid by credit card)

Fees and Funding

Tuition Fees for 2024 Intake: £62,500

Payment Options:

  • Full payment at the start of the academic year
  • Installment plans available

ESSEC Business School

The Master in Finance (MIF) program at ESSEC Business School is designed to provide students with a comprehensive education in finance, preparing them for successful careers in the global financial industry. With campuses in France (Cergy) and Singapore, the program offers a unique international perspective and is recognized for its excellence, ranking #3 in the Financial Times’ Best Master in Finance rankings for 2023.

Program Details

Program Name: Master in Finance (MIF)

Language: English


  • 1 year (for students with a 4-year Bachelor’s or Master’s degree)
  • 2 years (for students with a 3-year Bachelor’s degree)

Next Intake: August 26, 2024


  • France (Cergy)
  • Singapore

Class Profile

Degrees in Economics, Business, and Finance80%
Degrees in Engineering and Sciences20%
Average Age23

Program Structure

The Master in Finance program at ESSEC Business School emphasizes a global approach to finance, integrating academic rigor with real-world professional experience. The program structure varies depending on the duration of study.

Academic Experience


  • 2 years (Master 1 + Master 2)
  • 1 year (Master 2 only)

Professional Experience

Each year, students complete a 4-6 month internship, which can be done anywhere in the world. An academic dissertation is an alternative option during the second year (M2).

International Experience

Students participate in two study trips to major financial hubs such as London, Hong Kong, or New York.


Master 1 (M1)

Term 0France or SingaporePreparatory Courses
Term 1France or SingaporeCore Courses
Terms 2 & 3Internship

Master 2 (M2)

Term 0France or SingaporeCore Courses
Term 1France or SingaporeCore & Elective Courses (including AlumnEye Training and inter-campus mobility options)
Terms 2 & 3France or SingaporeInternship or Academic Dissertation, International Study Trips, Digital Workshop Competition, Job Fairs


Students can choose from three specializations based on their career goals:

Corporate FinanceFrance or Singapore
Financial MarketsFrance or Singapore
Fintech & AnalyticsSingapore

Career Outcomes

Graduates of the ESSEC Master in Finance program have excellent career prospects, with many finding jobs even before graduation.

Career Statistics

Found a job before graduation68%
Found a job within 3 months of graduation84%
Work outside their country of origin48%
Hold a permanent contract86%
Enrolled in a graduate program44%

Employment by Region

Rest of the world13%

Employment Sectors

Brokerage/Market Finance7%
Investment Funds/Financial Holdings6%
Asset Management5%
Industry (Energy, Telecom, ICT, etc.)18%

Job Functions

  • Asset Management/Portfolio Management
  • Capital Investment/Risk Capital
  • M&A/Consulting
  • Private Equity/Venture Capital
  • Project Funding/Structured Financing
  • Risk Management
  • Sales Structuring
  • Trading
  • Transaction Services/Financial Analysis/Firm Valuation



  • 2-Year Program: 3-year Bachelor’s Degree or Licence 3
  • 1-Year Program: 4-year Bachelor’s Degree or Master’s Degree

Admissions Process

  1. Anticipate, prepare, and take the tests
  2. Start your online application
  3. Upload your supporting documents
  4. Submit your application
  5. Get your results
  6. Secure your seat

Admissions Calendar

RoundApplication DeadlineAdmission Results
1October 18, 2023 (Noon Paris Time)November 24, 2023
2January 4, 2024 (Noon Paris Time)February 15, 2024
3February 29, 2024 (Noon Paris Time)April 12, 2024
4April 23, 2024 (Noon Paris Time)June 7, 2024

Program Costs

1-Year Program (M2)

CategoryEU CitizensNon-EU Citizens
Total Tuition€27,000€30,000
Deposit (non-refundable)€5,000€5,000
Remaining Tuition€22,000€25,000
Service Fee€1,980€2,080

2-Year Program (M1+M2)

YearCategoryEU CitizensNon-EU Citizens
M1Total Tuition€13,800€13,800
M2Total Tuition€27,000€30,000
BothDeposit (non-refundable)€5,000€5,000
BothRemaining Tuition€8,800 (M1), €22,000 (M2)€8,800 (M1), €25,000 (M2)
BothService Fee€2,080 (M1), €2,280 (M2)€2,280 (M1), €2,280 (M2)

ESCP Business School

The Master of Science (M.Sc.) in Finance at ESCP Business School stands as a prestigious program tailored for aspiring finance professionals who seek to build a robust foundation in financial markets and investment banking. With campuses in Paris and London, ESCP offers a unique international experience, providing students with unparalleled opportunities to immerse themselves in two of the world’s leading financial centers.

Program Overview

Program NameM Sc Finance
Entry LevelBachelor’s degree (minimum 180 ECTS credits)
Duration15 months (full time)
Languages RequiredFrench and English (Available in English for the global track)
SpecializationsInvestment Banking & Financial Markets
Campus LocationsESCP Paris (15 weeks) and ESCP London (15 weeks)
Internship & ThesisMinimum four-month internship and professional thesis

Career Outcomes

Graduates of the MSc Finance program from ESCP Business School enjoy excellent career prospects, with impressive placement statistics and salaries.

Employment Statistics

Professional Activity within 3 Months100%
International Dimension Positions67%

Salary Information

Average Salary after MSc€97,000

Employment Sectors

Financial Markets26%
Others (Consulting, Law, etc.)6%

Typical Job Titles

  • Analyst
  • Business Analyst
  • IB Analyst
  • Investment Banking Analyst
  • Equity Research Analyst
  • M&A Analyst
  • Risk Analyst
  • Broker
  • Trader
  • Financial Director

Major Recruiters

Companies frequently hiring graduates include:

  • Citi
  • Rochefort & Associés
  • ING
  • UBS Group AG
  • JP Morgan
  • Bank of America Merrill Lynch
  • Lazard
  • HIG Capital
  • Ardian
  • OakleyAdvisory
  • Morgan Stanley
  • Drake Star Partners
  • Société Générale
  • Deutsche Bank
  • Goldman Sachs
  • HSBC
  • LGT European Capital
  • DC Advisory
  • Commerzbank AG
  • Rothschild & Co
  • RBC Capital Markets

Admission Criteria

Eligibility Requirements:

  • Bachelor’s degree or equivalent
  • Minimum of 180 ECTS credits
  • Proficiency in English and French

Admission Procedure

Step 1: Application File

Documents Required:

  • Copy of the last diploma obtained or school certificate for the current diploma
  • Transcripts from the last two years of study
  • Copy of passport or identity card
  • Updated resume
  • TOEFL, TOEIC, or IELTS scores (taken within the last two years)
  • Passport photo (JPEG format)
  • Two letters of recommendation (recommended)

Application Fees:

  • €130 (non-refundable)
  • €195 for two specializations (non-refundable)

Step 2: Individual Interview

Eligible candidates are invited to an interview with the Scientific Director and industry professionals.

Step 3: Registration Confirmation

Admitted candidates must confirm their registration and pay a non-refundable deposit of €3,000.

Admission Calendar

SessionClosing of Online RegistrationsEligibility ResultsInterviewsAdmission Results
1stJan 10, 2024Jan 23, 2024Jan 30 – Feb 1, 2024Feb 6, 2024
2ndMarch 29, 2024Apr 19, 2024Apr 24 – May 10, 2024May 13, 2024
3rdJune 6, 2024June 20, 2024June 25-27, 2024July 2, 2024

Tuition Fees (2024/2025 Academic Year)

Total Tuition Fees:

  • €29,100

Payment Options:

  • Lump sum at the start of the academic year
  • Four installments from November to February

Additional Costs:

  • Accommodation and transport costs for courses held at ESCP campuses (Berlin, London, Paris, Madrid, Turin, or Venice)

Oxford Saïd Business School

The MSc Financial Economics program at Oxford Saïd Business School is a prestigious, intensive, and comprehensive program designed to propel your career in the financial sector. Starting on 23 September 2024, this nine-month full-time program combines rigorous academic training with real-world applications, preparing graduates for high-level careers in finance and economics.

  • Start Date: 23 September 2024
  • Duration: 9 months
  • Time Commitment: Full time
  • Location: Oxford
  • Cost: £55,630

Program Details

Programme Overview:
The MSc Financial Economics program is designed to provide students with the knowledge and skills required by the financial sector. Delivered by Saïd Business School faculty in collaboration with the Department of Economics, this intellectually demanding and highly practical program integrates theoretical foundations with practical applications tailored to meet the demands of leading financial recruiters.

Core Courses:

Asset PricingCovers theory and practice of valuing claims to uncertain cash flows, including stocks, options, bonds, and foreign exchange instruments. Emphasizes advanced statistical methods and real-world data application.
Corporate FinanceFundamental principles of financial accounting, asset valuation, financial structures, financial markets operations, and financial institutions’ roles.
Financial EconometricsFocuses on empirical modeling and testing in finance, modern financial econometrics techniques, and empirical investigation in financial economics.
EconomicsMicroeconomics and macroeconomics applications to financial and commercial frameworks, including market and firm analysis, game theory, incentive theory, and auctions.
Ethics & FinanceEngages students with theory and practice of ethics in finance, involving practitioners and real-world case studies.


Students can choose five electives to tailor their learning experience. One elective can be substituted with an individual project. Below are examples of previously offered electives:

Elective CourseDescription
Advanced Econometrics: ForecastingMethods for forecasting problems in economics and finance, applicable to diverse datasets and problems.
Continuous Time FinanceStochastic calculus applications to pricing and hedging financial contracts like equity options and derivatives.
Corporate ValuationMethods to establish and increase business value, critical for mergers, acquisitions, and private equity transactions.
Diversity, Inclusion and FinanceDebates on diversity and inclusion in the workplace, focusing on gender, race, age, and skill diversity.
Financial Crises and Risk ManagementUnderstanding financial crises and learning risk management techniques for real-world situations.
Financial Markets TradingManaging risk, investors, market dynamics, and participants.
Fixed Income and DerivativesAnalytical tools for understanding and pricing fixed income instruments and derivatives.
Fundamental Analysis for Active InvestingPractical applications of financial statement analysis for active investing, case-based and interactive learning.
Governance and EthicsPhilosophical and practical discussions on corporate ethics, fraud, diversity, human rights, and professionalism.
Identification: Causation vs. CorrelationTechniques to identify causation using tools like randomized control trials (RCTs).
Individual ProjectAddressing academic or practical issues in financial economics, demonstrating applied financial economics tools.
International FinanceAnalytical frameworks for macroeconomic performance and capital flows in the global economy.
Investing in Private MarketsAsset owner perspective on private markets with a focus on critical thinking and interactive learning.
Investing in Public EquityAsset management topics including diversification, market efficiency, passive and active investing, and ESG factors.
Mergers, Acquisitions and RestructuringInsights into the M&A process, including strategy, regulation, valuation, and shareholder engagement.
Private EquityUnderstanding the private equity sector, including its growth and controversies.

Current Class Profile

Class Size97
International Students97%
Female Students47%
Average Age22


The MSc Financial Economics program boasts impressive career outcomes for its graduates.

Job Acceptance within 6 Months92%
Average Finance Salary£66,761
Reporting Rate92%
Number of Global Organizations Recruiting47

Salary Information by Sector

SectorAverage Salary (£)Min Salary (£)Max Salary (£)

Salary Information by Region

RegionAverage Salary (£)Min Salary (£)Max Salary (£)
Middle East and North Africa (MENA)£59,621£31,613£74,087
North America£75,730£65,000£89,997
United Kingdom£58,905£35,000£77,500

Major Recruiters

Bank of America
Bank of England
Citibank (APAC) Limited
Deutsche Bank
Goldman Sachs
Morgan Stanley


Application Process:
Applications for 2024 have now closed. Applications for 2025 will open in August 2024. The admissions process is staged, and only one application can be submitted per year.

Deadlines for 2024 Entry:

1Friday 27 October 2023
2Friday 5 January 2024
3Wednesday 6 March 2024

Kira Talent Assessment Deadlines for 2024 Entry:

1Friday 3 November 2023
2Friday 12 January 2024
3Wednesday 13 March 2024

Decisions for 2024 Entry:

StageDecision Date
1Friday 8 December 2023
2Wednesday 28 February 2024
3Wednesday 17 April 2024

Application Statistics:

Available Places84
Average Applications (2021-2023)1,073

Fees and Funding

Course Fee for 2024-25: £55,630
This fee includes lifelong Oxford Union membership.

Deposit: £8,350
The deposit must be paid within 30 days of the initial offer letter.

Tuition fees must be paid in full by the program start date in September.

Imperial College Business School

Imperial College Business School, nestled in the heart of London, offers a prestigious Master in Finance (MSc Finance) program designed to provide students with a comprehensive understanding of financial principles and practices. This article delves into the key features of the program, including its structure, class profile, admission requirements, and fees.

Program Details

  • Start Date: 30 August 2024
  • Duration: One year (full-time)
  • Location: London, UK

Program Overview

The MSc Finance program at Imperial College Business School is a one-year, full-time intensive program designed for students seeking in-depth knowledge of finance in a global context. Key highlights of the program include:

  • Class Schedule: Monday to Friday, with classes from 08:30 to 21:00.
  • Curriculum: Core modules, electives, and optional activities such as guest lectures and career events.
  • Professional Affiliation: As a member of the CFA University Affiliation Program, the curriculum is closely aligned with professional practice, aiding students in obtaining the Chartered Financial Analyst (CFA) designation.
  • International Electives: Opportunities for students to broaden their perspectives through international electives.

Class Profile

The MSc Finance program at Imperial College Business School attracts a diverse cohort of students from around the world. The class profile for the program includes:

Number of Students86
Average Age23
Female Students (%)28%

Degree Background

Students in the MSc Finance program come from various academic backgrounds, with the following distribution:

Degree BackgroundPercentage

Employment Statistics (Class of 2022)

The employment statistics for the class of 2022 demonstrate the program’s success in preparing graduates for the finance industry:

  • Employment Rate: 90% employed within three months
  • UK Employment Rate: 82%
  • Sector Distribution:
    • Investment Banking: 48% (of those employed within finance)
  • Average Salary: £49,000

Salary Distribution by Sector

SectorSalary (£)Salary (PPP* £)Salary (PPP* $)
Investment Banking£56,195£57,563$85,406


Entry Requirements

  • Academic Requirement: Preferably a First Class Honours degree or Upper Second Class Honours degree in a quantitative discipline.
  • Prerequisite Knowledge: Proficiency in probability, calculus, matrix algebra, and real analysis.
  • Internships and Work Experience: Strongly recommended to have relevant internships and work placements.
  • English Language Requirement: Minimum IELTS score of 7.0 overall.
  • GMAT or GRE: Recommended for candidates with less quantitative degree backgrounds.

Application Process

The application process for the MSc Finance program involves the following steps:

  1. Start your application online.
  2. Complete the application questions and submit supporting documents.
  3. Participate in a video interview or Skype/telephone interview.
  4. Receive the admissions decision and pay the deposit.


The tuition fees for the MSc Finance program for the academic year 2024 are as follows:

  • Tuition Fee: £45,400
  • Deposit: £4,540

IE Business School

IE Business School’s Master in Finance program is designed to provide students with a comprehensive and practical education in finance, preparing them for a successful career in various financial sectors. The program is tailored to fit individual career goals through multiple specialization tracks, offering a diverse and dynamic learning experience in a global setting.

Program Details

Duration: 1 year
Language: English
Location: Madrid
Intake: September & April
Format: Full-time

Professional Experience Range: 0-8 years
Average Age in the Classroom: 24
Number of Nationalities in Class: 31

Program Structure

The Master in Finance program is structured to provide a rigorous and thorough education in finance. The curriculum is divided into several phases, allowing students to specialize according to their career interests.

Start Module2 weeks
Core Period8 months
Program Add-Ons1 week
Specialization Period2 months
Final Exam

Specialization Tracks

Students can choose from four different tracks to tailor their studies:

  1. Investment Banking & Private Equity
  2. Global Markets & Asset Management
  3. Real Estate Finance & Alternative Investments
  4. Financial Analytics & Digital Finance

These tracks allow students to focus their financial knowledge and skills towards specific job roles and industry sectors.

Final Project

During the last months of the program, students work on a final project. Options for the final project include:

  • Completing a CFA competition project
  • Producing corporate valuation projects
  • Executing a portfolio management practicum
  • Carrying out a microfinance consulting project in Ghana
  • Completing academic research
  • Writing a case study


IE Business School’s Master in Finance graduates have a strong track record of securing employment soon after completing their studies.

Employment Statistics

Job Seekers Found a Job within 6 Months97%
Graduates Working in Finance Roles88%

Employment Sectors

Financial Services71%
Consumer, Luxury & Retail1%

Employment Functions

Finance Roles88%
Consulting Roles5%
Data Related Roles3%
Operations Roles1%
Sales Roles1%


The admissions process for the Master in Finance program is thorough and holistic, ensuring that only the most dynamic and creative candidates are selected.

Step 1: Online Application Form

Required Documents:

  • Bachelor degree from an accredited university
  • Official university transcripts (certified translation into English or Spanish)
  • 1-page CV/Resume
  • Contact information of two academic or professional references
  • English language certificate (TOEFL, IELTS, Duolingo English Test, or Cambridge Advanced level)
  • Photocopy of current passport
  • Passport size picture
  • Application fee: 150€ (non-refundable)

Step 2: Online Assessment

Candidates will answer three live questions (two in video format and one in written format) to allow the admissions team to evaluate their real-time response capabilities.

Step 3: Entrance Exam

Candidates must take one of the following exams: GRE, GMAT, GMAT Focus Edition, CFA level I, or CAIA level I. A competitive score is recommended, and waivers are available on a case-by-case basis.

Step 4: Personal Interview

Candidates will be interviewed (face-to-face or via Skype) by the Admissions Team or an IE Business School Finance Ambassador.

Step 5: Admissions Committee Final Decision

The final decision is made after a holistic evaluation of the entire application. It takes approximately 1-3 weeks for the committee to respond with a decision.


Tuition Fees for Upcoming Intakes: 41,000€

University of St. Gallen

The M.A. HSG in Banking and Finance (MBF) at the University of St. Gallen offers a comprehensive education in financial markets, financial institutions, corporate finance, and quantitative methods. This 1.5-year program is designed to prepare students for successful careers in a variety of finance-related sectors, including banking, consulting, insurance, and corporate finance, both in Switzerland and internationally.

Program Structure

Duration and Credits

  • Duration: 1.5 years / 3 semesters (full-time)
  • Credits: 90 ECTS


The MBF program ensures a solid foundation in the first semester through compulsory courses and allows for greater flexibility and customization in the second and third semesters.

FirstCompulsory Courses: Financial Markets, Financial Institutions, Quantitative Methods
SecondCore Electives and Contextual Courses
ThirdCore Electives, Contextual Courses, and Master’s Thesis

Compulsory Subjects (First Semester)

The first semester focuses on building foundational knowledge through three compulsory courses:

Financial MarketsFundamental principles and functioning of financial markets
Financial InstitutionsRoles and operations of various financial institutions
Quantitative MethodsEssential quantitative techniques and their applications in finance

Core Electives

Students can tailor their studies by choosing from a wide range of core electives in several focus areas:

Focus AreaCourse Examples
Financial MarketsEquity and Fixed Income Markets
Banking & the Financial EconomyCentral Banking, Bank Management
Corporate FinanceMergers & Acquisitions, Corporate Valuation
Alternative InvestmentsHedge Funds, Private Equity
Risk Management & InsuranceFinancial Risk Management, Insurance Markets
Quantitative Methods & Data ScienceFinancial Econometrics, Machine Learning in Finance

Subject Tracks

To specialize further, students can focus on one subject track. A Diploma Supplement is awarded if at least 12 ECTS and the Master’s thesis are completed within the chosen track.

Career Opportunities

Graduates of the MBF program are highly sought after in various industries across Europe. Here is the breakdown of career paths pursued by MBF graduates:

Asset Management18%
Public Financial Institutions1%


Eligibility Criteria

  • Recognized Bachelor’s degree worth at least 180 ECTS credits in a relevant subject.
  • Proficiency in English (C1 level recommended).

Selection Process

The selection process is conducted by the MBF Admission Committee across five admission rounds between October and April. The criteria for assessment include:

Average Grade during Undergraduate Studies30%
GMAT or GRE Score30%
Extracurricular Activities15%
Letter of Motivation25%

Admission Rounds

Admission RoundApplication DeadlineDecision Date
First30 November 202322 December 2023
Second31 January 202429 February 2024
Third29 February 202431 March 2024
Fourth31 March 202430 April 2024
Fifth30 April 202431 May 2024

Application Requirements

Applicants must submit their applications online between 1 October and 30 April. The application fee is CHF 250. Required documents include:

  • Digital passport photo
  • Signed Enrolment Agreement
  • Passport or ID card
  • CV in English
  • Supporting documents for extracurricular activities
  • Letter of motivation in English
  • GMAT or GRE test scores
  • Higher education entrance qualification
  • Degree documents and transcripts


CategoryCost per SemesterTotal Cost (3 Semesters)
Swiss NationalsCHF 1,429CHF 4,287
Foreign NationalsCHF 3,329CHF 9,987

EDHEC Business School

The MSc in International Finance at EDHEC Business School is an advanced, comprehensive program designed to impart essential skills in corporate finance and financial markets. This program targets graduates and young professionals with prior training in numerous disciplines who aspire to careers in international finance. It equips students with the tools and knowledge to evaluate companies and investments, manage portfolios, and make strategic corporate finance decisions. Additionally, as a CFA Program Partner, it closely follows the CFA Level 1 exam curriculum, preparing students for this certification.

Key Details

Program NameMSc in International Finance
Start DateEarly September 2024
Application DeadlineJune 7, 2024
Duration1 year + 4-6 month internship/work placement
AccreditationsAACSB, CEFDG, EQUIS
Credit Value120 ECTS


The MSc in International Finance program is structured into several key phases to provide a comprehensive education in finance.

Program Structure

Foundation CoursesJuly-AugustOnline foundation courses to prepare students for the core modules.
Core Modules & ElectivesSeptember-FebruaryIn-depth classes on essential finance topics and electives for specialization.
Personalization PeriodMarch-MayCustomization of learning through electives and personal projects.
Internship or EmploymentJune onwardsPractical experience through internships or employment.


The program uses a blend of theoretical and practical learning approaches, including:

  • Core Curriculum: Embracing latest technologies and market trends, co-developed with leading business partners.
  • Blended Learning: Tutorials, lectures, workshops, and seminars.
  • Applied Learning: Business games, case studies, and entrepreneurship projects.
  • Personal Performance Coaching: Interviewing strategies, teamwork development, and intercultural communication skills.

Course Details

Foundation Courses

Course NameDescription
Strategic ManagementOnline course on strategic business management.
Financial Analysis & ValuationOnline course on analyzing and valuing financial statements.
Corporate Finance & Asset MarketsOnline course on corporate finance principles and asset market dynamics.
Introduction to Portfolio Construction & Analysis with PythonOffered by EDHEC Risk Climate Impact Institute via Coursera.

Core Modules

Course NameDescription
Corporate FinanceAdvanced concepts in corporate finance.
Financial Accounting & AnalysisIn-depth financial accounting techniques.
Advanced ValuationTechniques for valuing companies and assets.
International BusinessFocused on global business strategies (only for incoming students).
Portfolio ManagementPrinciples of managing investment portfolios.
Empirical Methods in FinanceResearch methods in financial studies.
Fixed Income & Derivatives Part 1Concepts in fixed income securities and derivatives.
Regulation & Ethics in FinanceEthical and regulatory aspects of finance.
VBA Programming for FinanceUsing VBA for financial modeling.
Leadership and Managerial SkillsDeveloping leadership and managerial competencies.
Research MethodologyTechniques for conducting financial research.
Python for FinanceProgramming skills for financial applications.

Career Prospects

Graduates of the MSc in International Finance from EDHEC are well-prepared for diverse roles in the finance sector, with impressive career statistics.

Employment Statistics

Jobs with International Dimension92%

Employment Fields

Wealth Management52%
Corporate Finance17%
Audit & Transaction Services14%
Risk Management & Other10%
Finance, FP&A, Accounting7%

Key Recruiters

Top companies frequently hiring EDHEC graduates include:

  • Barclays
  • BlackRock
  • Commerzbank
  • EY
  • Goldman Sachs
  • JP Morgan
  • KPMG
  • Rothschild & Co
  • Société Générale
  • UBS



Educational BackgroundMinimum 3-year bachelor degree.
English ProficiencyTOEFL ≥ 92, TOEIC ≥ 850, IELTS ≥ 6.5, Cambridge Test of English > 175.
Additional TestsGMAT, GRE, TAGE MAGE, or CAT (optional but beneficial). CFA Level II holders get a GMAT waiver.
Application DocumentsCV, Letter of motivation, Academic transcripts, Two letters of recommendation, Online interview.

Admission Process

  1. Create an Account: Sign up on the EDHEC application portal.
  2. Submit Application: Complete the online form and upload necessary documents.
  3. Selection Committee Review: Applications are reviewed on a rolling basis.
  4. Interview: Eligible candidates are invited for an online interview.
  5. Final Decision: Applicants are informed of the decision via email.
  6. Application Deadline – June 7, 2024


Tuition Fees€28,950

Fees Include

  • Tuition fees
  • Access to the EDHEC Career Centre
  • Access to on-campus facilities
  • Lifetime membership to EDHEC Alumni
  • Administrative fees

SDA Bocconi

SDA Bocconi’s Master in Corporate Finance (MCF) program is a prestigious offering designed to equip students with specialized knowledge and skills in finance. Here, we delve into the details of this program, covering its structure, career prospects, admission requirements, and fees.

Program Details

  • Next Start: 2 Oct 2024
  • Duration: 12 Months
  • Language: English
  • Format: Full-Time
  • Average Working Experience: 3 years
  • Location: Milano

Program Structure

The MCF program is meticulously structured to provide comprehensive coverage of corporate finance topics, ensuring students are well-prepared for real-world financial tasks from day one.

XXV Edition 2024-2025

Online Tutorials & Pre-CoursesSep 2024 – Oct 2024Preparation for in-class activities, covering Micro & Macro Economics and Accounting.
Fundamentals of FinanceNov 2024 – Feb 2025Basic knowledge and skills in corporate finance, including financial economics, analysis, valuation, and capital markets.
Building and Financing Sustainable GrowthFeb 2025 – May 2025Advanced courses focusing on strategic areas of corporate finance.
SeminarsApril 2025Applied Financial Modeling, Special Topics in Valuation, Financial Databases using Bloomberg.
TracksMay 2025 – June 2025Specialization options include Corporate and Entrepreneurship Finance, Global Markets and Banking, Governance, Innovation & ESG Finance, and Fintech and Investment Management Solutions.
Individual Path to SuccessJuly 2025 – Oct 2025Customizable options such as internships, research projects, or specialization tracks in New York and Mumbai.
Graduation CeremonyNov 2025


The MCF program at SDA Bocconi boasts impressive career outcomes, with a significant percentage of graduates securing employment shortly after graduation.

Latest Employment Statistics

Employed one year from Graduation70%
Time Spent to Find First Job after Graduation
– While Studying70%
– Less than 3 Months after Graduation26%
– 3 to 6 Months after Graduation4%

Job Function

Corporate Finance38%
Investment Banking10%
Merger & Acquisition/Business Development10%
Business Intelligence7%
Administration & Controlling4%

Job Sector

Financial Services (Banking, Insurance, Private equity)60%
Industrial and Mechanical Products10%
Pharma, Biotech and Medical Devices7%
Food and Beverage3%


To be eligible for the MCF program, applicants must meet specific requirements and go through a thorough admission process.


  • University degree in any discipline
  • Fluency in English
  • GMAT/GRE or SDA test
  • Interview with the program director
  • Around 2 years of working experience

Application Deadlines and Fees

Deadline TypeDate
Final Application Deadline26th June 2024
Tuition Waivers Deadline
– 1st Round11/12/2023
– 2nd Round12/02/2024
– 3rd Round19/04/2024
– 4th Round26/06/2024

Admission Process

The admission process for the MCF program is meticulous, beginning well in advance of the program start date.

  1. Application Submission: Online application in English, reviewed on a rolling basis.
  2. Pre-Selection: Based on submitted documents, candidates are pre-selected for further evaluation.
  3. Interview: Conducted either at SDA Bocconi in Milan or remotely.
  4. Final Result: Formal letter of admission or placement on a waiting list.


The tuition fees for the MCF program are detailed below:

  • Total Fee: €36,000 (to be paid in four installments)
  • First Installment: €9,000 (on acceptance of admission offer)
  • Second Installment: €9,000 (by 02 January 2025)
  • Third Installment: €9,000 (by 28 February 2025)
  • Fourth Installment: €9,000 (by 30 April 2025)

Final Thoughts

Choosing the right Master’s in Finance program is a critical decision for aspiring finance professionals. The programs at ESCP Business School, HEC Paris, Essec Business School, London Business School, IE Business School, University of St Gallen, Edhec Business School, University of Oxford: Saïd, SDA Bocconi/Università Bocconi, and Imperial College Business School stand out for their rigorous academics, international exposure, and strong career support. Graduates from these institutions are well-prepared to navigate and excel in the complex world of finance, equipped with the knowledge, skills, and network to reach the highest echelons of the industry. Whether you aim to become an investment banker, financial analyst, or corporate finance manager, these top programs provide the foundation and opportunities to achieve your career aspirations.

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