IE Business School
Master in Finance · Madrid, Spain · 10 months, full-time
- Ranked #10 Master in Finance pre-experience worldwide by the Financial Times, and #6 on Forbes' Best Business Schools list (per IE's own rankings page)
- Triple-accredited: AACSB, EQUIS, AMBA
- 95% of job seekers found a job within 3 months of graduation
- 35 nationalities represented in the class
- Optional international trips to London, New York, and Ghana
At a glance
Duration
10 months, full-time
Location
Madrid, Spain
Language
English
Class profile
35 nationalities in class, average age 24, average 2 years of professional experience, per IE's official Master in Finance program page.
Tuition
€42,000 (total program tuition), per IE's official Admissions & Fees page; a merit-based scholarship covering up to 50% of tuition is available.
Admissions requirements
Program
Master in Finance
Degree expectation
A Bachelor's degree from an accredited university is required; the official page does not publish a minimum GPA, though it notes a competitive GPA is a factor considered for an entrance-exam waiver.
GMAT
GMAT waivable
One of GMAT, GRE, CFA Level I, or CAIA Level I is required. IE states a competitive score on the GMAT is recommended: 80% of students fall within the 605-755 range (same range applies to GMAT Focus). Case-by-case entrance-exam waivers are available to candidates who show a competitive GPA and prior relevant experience in investment banking.
One of GMAT, GRE, CFA Level I, or CAIA Level I is required. IE states a competitive score on the GMAT is recommended: 80% of students fall within the 605-755 range (same range applies to GMAT Focus). Case-by-case entrance-exam waivers are available to candidates who show a competitive GPA and prior relevant experience in investment banking.
GRE
Accepted. Accepted as an alternative entrance exam; recommended score range 322-340.
CFA in lieu of GMAT/GRE
Yes. CFA Level I (or CAIA Level I) is explicitly listed as one of the four accepted entrance exams, satisfying the requirement in place of GMAT/GRE.
Work experience
Not stated as a general admission requirement; prior relevant experience in investment banking is cited specifically as a factor supporting a case-by-case entrance-exam waiver.
Application & outcomes
Application notes
Page states there is no deadline to apply -- rolling admissions with two annual intakes (September and April); early submission is encouraged.
Career outcomes
95% of job seekers found a job within 3 months of graduation; 73% of graduates are working in finance roles, per IE's official program page and Career Report.
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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