Program Overview

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Master in Business and Finance (MRes)

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

Graduate School of Business

• Direction: Prof. Neus Palomeras Vilches
• Deputy Direction: Prof. Juan Manuel García Lara
• Language: English
• Attendance: On-campus
• Credits: 120
• Campus: Getafe

Program Overview

The program is designed for 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 pursuing PhD studies in business-related topics and for those aiming to specialize in corporate roles that demand strong analytical and quantitative skills.

Curriculum

The Masters program is divided into two academic years (60 ECTS each) that cover core, specialized, and elective courses.

• Core subjects provide students with key analytical skills, concepts, and tools (1st year)
• Specialized courses build the foundations of the students research area of interest (1st and 2nd years)
• Elective courses allow students to develop a multidisciplinary perspective, and can be chosen from other specializations in the master or from other masters at UC3M (2nd year)

Areas of Specialization

There are two main areas of specialization in the program: Accounting & Finance and Management & Marketing. In each of these areas, students can develop deeper specializations.

• Accounting
• Managing People
• Strategy, Innovation & Entrepreneurship
• Supply Chain Management
• Asset Pricing
• Corporate Finance
• Consumer Behavior
• Quantitative Marketing

Year 1 Curriculum

Year 1 - Semester 1

• TERM 1
  • Statistics for Economics and Business (5 ECTS, C)
  • Economics for Business I (5 ECTS, C)
  • Strategic Management (5 ECTS, C)
• TERM 2
  • Quantitative Methods I (5 ECTS, C)
  • Economics for Business II (5 ECTS, C)
  • Financial Economics (5 ECTS, C)

Year 1 - Semester 2

• TERM 3
  • Quantitative Methods II (5 ECTS, C)
• TERM 3 (Accounting & Finance)
  • Accounting (5 ECTS, E)
  • Corporate Finance I (5 ECTS, E)
• TERM 3 (Management & Marketing)
  • Organization Theory (5 ECTS, E)
  • Marketing (5 ECTS, E)
• TERM 4
  • Research Methods (5 ECTS, C)
• TERM 4 (Accounting & Finance)
  • Dynamic Asset Pricing (5 ECTS, E)
  • Corporate Finance II (5 ECTS, E)
• TERM 4 (Management & Marketing)
  • Human Resource Management (5 ECTS, E)
  • Innovation Management (5 ECTS, E)

Year 2 Curriculum

The curriculum of the 2nd year can be designed to adapt to the areas of interest of the student, combining subjects from their specialization, from other specializations, and from related masters at the university (up to 15 ECTS). The curriculum of each student will be built jointly with the program direction.

• Total credits to be completed in the 2nd year are 60 ECTS.
• Coursework accounts for 45 ECTS and the final Master thesis accounts for 15 ECTS.
• The Master thesis is a research-oriented project on a topic chosen by the student and developed under the guidance of an expert professor in the students field of specialization.

Admission

Requirements

Admission requirements to the program entail the possession of a bachelors 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.

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).

Admission Criteria

Admission will be decided by the Masters 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

Tuition Fees

• Reservation fee: 450
• EU Students: 45.02/ECTS
  • First academic year - 60 ECTS: 2,701.20
  • Second academic year - 60 ECTS: 2,701.20
• Non-EU Students: 84.07/ECTS
  • First academic year - 60 ECTS: 5,044.20
  • Second academic year - 60 ECTS: 5,044.20

Enrollment

• The email address provided upon enrollment 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 enrollment process will be terminated.

Job Placement

Students from the Master in Business and Finance have found employment in institutions and firms such as academic positions at universities, research institutions, and regulators, as well as companies like AB InBev, Acuity Knowledge Partners, and Goldman Sachs.

Testimonials

The program has received positive testimonials from alumni, highlighting its strong quantitative foundation, international environment, and the opportunity to work closely with classmates from around the world. Alumni have praised the program for preparing them well for both PhD studies and industry careers, and for providing a solid foundation in empirical research in financial economics.