Master in Economics and Finance
Taught by internationally-recognized scholars, the Master in Economics and Finance equips students with a solid foundation in Economics, state of the art quantitative tools, and frontier knowledge in the chosen fields of specialization. Students enjoy an active, cohesive and stimulating academic environment in which to lay the foundations for a productive career. A long trajectory of successful placements in the private and public sectors, as well as in top doctoral programs, endorses the added value of our program.
The Master in Economics and Finance is an official two-year degree, with 120 ECTS (complying with the European directives for higher education). The program is divided into coursework, participation in workshops, and the writing of a Master thesis. The Universidad Internacional Menéndez Pelayo awards the official degrees of the CEMFI Graduate Program.
"CEMFI’s Master was a crucial step in developing my career. Since graduation, I have been working in the research department at the World Bank; a position that was only possible because of the advanced technical and analytical skills that I had acquired at CEMFI. I couldn't have hoped for a better education or experience."
Soha Ismail, World Bank
CEMFI Master 2015
"CEMFI was the most intense, challenging and rewarding experience I’ve ever had. Thanks to its excellent training and preparation, I can now focus on advanced courses and research, for the foundation was already laid at CEMFI."
Pedro Gabriel Degiovanni, Doctoral student at Harvard University
CEMFI Master 2018
"CEMFI’s Master was a crucial step in developing my career. Since graduation, I have been working in the research department at the World Bank; a position that was only possible because of the advanced technical and analytical skills that I had acquired at CEMFI. I couldn't have hoped for a better education or experience."
Soha Ismail, World Bank
CEMFI Master 2015
"CEMFI not only provides the tools needed to perform technical economic analysis, but also instills a habit of thinking like an economist. The latter is at least as important as the former."
Brian Jackson, Medley Global Advisors (Financial Times Group)
CEMFI Master 2012
""I studied at CEMFI" has been one of my best professional credentials. The mere mention of the CEMFI name conveys feelings of endeavor, selection, analytical skill, challenge and delivery. In my case, CEMFI means even more. Family, friends, colleagues and teams are intertwined with our dear study center. Two years that marked and changed my life."
Rafael Salinas, BBVA Group
CEMFI Master 1989
"The Master degree at CEMFI has played a vital role in shaping my career choice of becoming an academic. Not only did I gain a deep knowledge in finance and economic theory, but I also developed my passion for conducting research. I am very happy and proud to be part of the CEMFI family."
Tetiana Davydiuk, Doctoral student at Wharton School of the University of Pennsylvania
CEMFI Master 2012
"CEMFI is a unique institution: it can combine a truly supportive environment with a competitive program at the same level of quality as the top institutions in the world. When I look back on my two years in CEMFI, I see that I have obtained a solid economics background and strong relationships with professors and students."
Emre Enes Yavuz, Doctoral student at Northwestern University
CEMFI Master 2017
"Your studies at CEMFI will rigorously form your economic thinking. The approachability of professors will allow you to gain insights into current high-quality academic research."
Marvin Plotz, World Bank
CEMFI Master 2013
"Studying at CEMFI was a life-changing experience. During those two years of my life, I was exposed to many different disciplines. I would highlight not only the excellent level of the program but also the technical and human qualities of teachers and classmates."
Jordi Solsona, DE Trading and Gas & Power, Repsol
CEMFI Master 2002
"The quality of the instruction, the exposure to frontline research, and the outstanding faculty and students all made a profound mark on my career. Still, what most greatly inspires cohort after cohort of students is the unwavering commitment to excellence that permeates every aspect of CEMFI’s academic and intellectual activities."
Alberto Abadie, MIT
CEMFI Master 1995
"My years at CEMFI marked my professional career (and also my personal life). CEMFI provided me with theoretical and analytical tools that reinforced my research skills, and allowed me to develop my career."
María Concepción Sanz Gómez, Grupo Santander
CEMFI Master 1993
"The Master’s program at CEMFI is incredibly intense, challenging and rewarding. It gave me the best foundation for my PhD work and for my professional career. It was an eye-opening experience because of the quality and ambition of the program and the top-notch faculty and seminars."
Elena Zoido, Compass Lexecon
CEMFI Master 1997
"The Master at CEMFI prepared me extremely well for my graduate studies at MIT. Having a solid foundation allowed me to focus on more advanced courses from the moment I arrived in Cambridge. This helped me get started with research very early on, which was essential to land a job at the Government Department at Harvard."
Horacio Larreguy, Harvard University
CEMFI Master 2007
"My experience at CEMFI has been extremely stimulating, both academically and personally. Its passionate values towards effort, critical thinking and rigor have profoundly driven my personal development, for which I am very grateful to all professionals, staff and colleagues who made it possible."
Jaume Oliu, Banco Sabadell
CEMFI Master 2005
"I spent two of the most amazing years of my life at CEMFI—challenging, exciting, eye opening, and enriching, both academically and personally."
Ilya Morozov, Doctoral student at Stanford Graduate School of Business
CEMFI Master 2015
"CEMFI was important for the development of my economic thinking and analytical skills, as well as for my personal development. I am deeply grateful to its faculty, to their kindness, openness, knowledge, and passion for research."
Alvaro Calderón Gonzales, Stanford University
CEMFI Master 2018
"The atmosphere at CEMFI feels like family. The small class size allows for very close academic exchanges between students and faculty. This enabled me to learn from professors in a very caring environment. The mentorship received undoubtedly strengthened my quantitative abilities and my interest in economic research."
Jose P. Vasquez, Doctoral student at the University of California, Berkeley
CEMFI Master 2014
"Always thanks for the impressive adventure at CEMFI. The solid economic background I gained and the tight connection with our professors enabled me to explore a wider world. CEMFI is a place not only for knowledge but also for truth, passion and humanity, which brought me much more than I expected."
Chenlu Wu, China Merchants Bank
CEMFI Master 2020
"It is really a rewarding but challenging experience in CEMFI, both academically and personally. Thanks to all professors and classmates in the CEMFI family, I felt strongly supported throughout the 2 years. After all, the journey might be tough, but it has prepared me well for my research career and made me mentally strong for any hardships in life."
Chenxu Fu, International Monetary Fund
CEMFI Master 2019
"CEMFI’s Master program is a robust stepping stone towards a research career in economics and finance. The close community among professors and students makes for a uniquely conducive environment to challenge oneself and learn from one another. I look back with much gratitude towards my mentors and peers."
Ken Garry Chua, Asian Development Bank
CEMFI Master 2014
"Thanks to CEMFI's excellent reputation and its strong alumni network, I had a unique advantage when looking for a job. I enjoyed working closely with fellow students in this prestigious program and I sincerely appreciated the support from faculty members."
Zhe Zhou, Solihull School
CEMFI Master 2011
"My two years at CEMFI provided an excellent, rigorous and challenging preparation for research in economics. The devotion of the faculty to this program and its students is outstanding."
Florian Fiaux, Doctoral student at Stanford University
CEMFI Master 2020
"I am grateful to all the professors for creating a supportive culture during the challenging Master's program at CEMFI. Equipping me with strong knowledge of economics and analytical skills, CEMFI has been a great path leading to a professional career in economics."
Duygu Tutluoglu, Vodafone
CEMFI Master 2020