MA Scholarships Economics and Finance, Madrid

Deadline: 5/4/2010
Open to: students with an undergraduate university degree
Fund: EUR 3.600 per year and EUR 10,000 extra for excellent students

The Master in Economics and Finance at CEMFI is a 2-year full-time program intended to prepare students for a wide range of careers in the public and the private sectors. It also serves as the first two years of the PhD in Economics at CEMFI. The program is taught in English.

The distinctive feature of the program is the combination of an orientation towards applied and policy issues with a strong emphasis on analytical and quantitative approaches to these issues. This requires a solid understanding of the relevant economic, econometric, and computational techniques. The faculty teaching the courses are all active researchers at the frontier of their area of expertise. About 25 students are enrolled each year, which allows for close interaction with CEMFI’s faculty.

There are four specialisations, Microeconomics, Macroeconomics, Econometrics, and Finance.

In the summer between the first and the second year students are offered a Summer internship at a financial institution, a consultancy firm, a public sector department, or collaborating as a research assistant for a project of a faculty member.

More information about the program can be found here.


Applicants must have finished or be about to finish an undergraduate university degree. Final admission will be subject to having obtained the degree by September 2010. A good knowledge of English is required, since the Master is taught in this language.


The application form should be filled out electronically. Applicants are recommended to read carefully the guidelines before proceeding.

Once filled out, the online application form should be submitted, including files for:

  • Applicant’s photograph.
  • Official transcript of grades obtained in undergraduate studies.
  • Official transcript of grades obtained in graduate studies (if applicable).
  • Proof of knowledge of English language.
  • GRE scores.
  • Any other documents.

Only files in PDF format may be uploaded. Each file should not be larger than 1 Mb. Note: Applicants admitted to the Master will be asked to provide the corresponding original documents.

These documents must reach CEMFI by 5 April 2010.

Selection Process

A committee will be in charge of the admission process. The committee will take into account undergraduate grades, letters of reference, GRE results, knowledge of English, and any other information supplied by the candidate.

Applications arriving by 5 February 2010 will be considered for a first round of decisions.

A subset of preselected candidates within short-haul travel distance will be asked to take an admission test in Madrid and have a personal interview. The admission test questionnaire will be in English. The test will take place on 23 April 2010 and personal interviews on 24 April 2010.

The final round of decisions will be made no later than 3 May 2010.

For further information, check the website.

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