Esade Business School
Master's in Finance · Sant Cugat del Vallès, near Barcelona (Esade's Sant Cugat campus), Spain · 12 months (one academic year, 60 ECTS)
- Ranked #10 in Europe and #12 worldwide in the Financial Times Masters in Finance Ranking 2026
- Two specialization tracks: Investment Banking & Financial Accounting, or Banking & Asset Management
- CFA Program Partner school, offering CFA certification scholarships and a spot in the CFA Research Challenge
- Finance Lab gives hands-on access to Bloomberg, FactSet, and Wharton Research Data Services (WRDS)
- 92% of Class of 2024 graduates were employed within 3 months, with an average base salary of $84,122 (PPP)
At a glance
Duration
12 months (one academic year, 60 ECTS)
Location
Sant Cugat del Vallès, near Barcelona (Esade's Sant Cugat campus), Spain
Language
English
Class profile
37 nationalities; approximately 21% women (Class of 2026 cohort)
Tuition
EUR 39,000 (2027-2028 intake, one-year program), plus a EUR 150 application fee
Admissions requirements
Program
Master's in Finance
Degree expectation
A Bachelor's degree or equivalent that entitles the holder to undertake postgraduate studies in the degree-granting country. This program is for students with undergraduate degrees in business administration, economics, or other purely technical degrees; in exceptional circumstances the admissions committee may consider other degrees if the curricula is deemed adequate. No specific minimum GPA or degree classification is stated; students without a business/economics background may need to complete the Pre-Program in Finance (PPF).
GMAT
GMAT optional
All applicants must take one of: the Esade Admission Test (TAE, included in the application fee), the GMAT, or the GRE. GMAT/GMAT Focus scores taken within the last five years are accepted. No published minimum score, but Esade states its average GMAT score tends to be around 615 (current edition) or 660 (previous edition), roughly the 75th percentile in each format. Esade's GMAT code for the Master in Finance is 93M-3K-22.
All applicants must take one of: the Esade Admission Test (TAE, included in the application fee), the GMAT, or the GRE. GMAT/GMAT Focus scores taken within the last five years are accepted. No published minimum score, but Esade states its average GMAT score tends to be around 615 (current edition) or 660 (previous edition), roughly the 75th percentile in each format. Esade's GMAT code for the Master in Finance is 93M-3K-22.
GRE
Accepted. Accepted as an alternative to GMAT/TAE, taken within the last five years (GRE General Test at Home also accepted). Esade states its average GRE score has been around 160/162. Esade's GRE code is 5761.
CFA in lieu of GMAT/GRE
No
Work experience
Professional experience is not required to be admitted to any of Esade's MSc Programs in Management. Applicants with more than two years of experience are advised to consider the MBA instead.
Application & outcomes
Application notes
Rolling admissions with nine staged deadlines across the cycle; the currently published cycle (for the September 2027 intake) opens 1 October 2026 and runs through 1 July 2027, with a EUR 150 application fee. The school advises applying as early as possible since places narrow toward the end of the cycle.
Career outcomes
Class of 2024 Employment Report: 92% of students employed within 3 months of graduation; 34% found a job outside their home country; average annual base salary (PPP) $84,122, maximum $140,205; average salary three years after graduation $135,748.
Last verified 16 Aug 2026. Figures change, always confirm time-sensitive details (deadlines, current GMAT medians) directly with the school before applying.
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