Master in Economics and Finance at CEMFI, Spain

Deadline: 4 April 2011
Open to: applicants must have finished or be about to finish an undergraduate university degree
Scholarship: scholarships for living expenses up to EUR 10,000 per year

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. This flexibility is very attractive to many students that initially are not sure whether they would like to follow a professional or an academic track. 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.

The Master in Economics and Finance at CEMFI is an official degree granted by Universidad Internacional Menéndez Pelayo (UIMP) according to the regulations of the Spanish Ministerio de Educación.

Tuition Fee Waivers and Scholarships

CEMFI may grant students exemptions of the tuition fee and/or scholarships for living expenses amounting up to EUR 10,000 per year. Exemptions and scholarships are granted according to academic merit. Some of this support is funded by a set of sponsoring institutions. Applications for funding will not affect the student’s chances of being admitted in any way.

Applicants of the Master are encouraged to apply directly for external scholarships for graduate programs. These scholarships usually have very early application deadlines. Therefore, we highly recommend students to apply well in advance.

Some institutions awarding scholarships to Spanish and EU students are: Banco de España, Fundación la Caixa, Fundación Rafael del Pino, Generalitat de Catalunya, Gobierno Vasco, and the Spanish Ministry of Labour (Reina Sofía Scholarships).

After enrolling in the Master these students can also apply for a scholarship from the Spanish Ministry of Education.

Non-EU students (including Latin American students) should consult the Spanish Ministry of Foreign Affaires website for the MAEC-AECID scholarships.


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 2011. A good knowledge of English is required, since the Master is taught in this language.

Application Process

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

Guidelines for application

Online application form

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

* 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 2 Mb.

These documents must reach CEMFI by 4 April 2011.

For more information and help please write to

The official webpage.

scholarships for living expenses

amounting up to EUR 10,000 per year

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