The Master in Finance is a comprehensive program that covers all the important areas of finance and prepares you for the most demanding jobs in banking, consulting and asset management.
Our graduates excel in the ability to design and implement complex financial models; understand the theory and bring it to the data. They outclass their peers with a more qualitative background (like an MBA), because they can work in a wider range of positions (risk management, derivatives trading, venture capital, wealth management, etc.). At the same time, our graduates are more versatile than students with a pure quantitative background, because they can reach beyond purely technical jobs.
We believe that your time is valuable. We focus on the “hard” topics of finance because these require formal academic training and are difficult to learn on the job.
The program offers interactive classes, intensive use of advanced statistical and mathematical software, in-depth case studies, presentations by finance professionals, and the support of an experienced team of career services officers.
This program requires that all entering students be able to show a solid academic background in mathematics and statistics. Proof will be required showing an undergraduate degree with a substantial number of quantitative subjects, or GRE to demonstrate quantitative ability, however the GRE is not mandatory for this program.
In the Fall term, students are required to take a mathematics, a statistics and a STATA brush-up course.
Course offer is subject to change.
All courses in the fall term are mandatory.
|Econometrics||6||Javier Gómez Biscarri|
|Asset Pricing||6||Javier Gil-Bazo|
|Corporate Finance Theory||6||Albert Banal|
|Financial Econometrics||6||Christian Brownlees|
|Pricing Financial Derivatives||6||Eulàlia Nualart|
Electives - Select 6, 9 or 12 Credits:
|Stochastic Models and Optimization||3||Mihalis Markakis|
|Money and Exchange Rates *||3||Fernando Broner|
|Systemic Risk and Financial Crises||3||José-Luis Peydró|
|Macroeconomics II||6||Danilo Guaitoli
|Asset Prices and Investment Strategies||3||Gonzalo Rubio|
|Market Liquidity and High-Frequency Trading||3||Roberto Pascual|
* Course offered by other Barcelona GSE master's programs. Admission subject to approval by program directors.
|Master Project||6||Filippo Ippolito|
|Electives - Select 12, 15 or 18 Credits:|
|Banking Theory||6||Xavier Freixas|
|Applied Corporate Finance||3||Filippo Ippolito|
|Derivatives and Risk Management||3||Manuel Moreno|
|Empirical Corporate Finance||3||Javier Gómez Biscarri
|Empirical Asset Pricing and Banking||3||Javier Gil-Bazo
|Sovereign Debt and International Financial Markets||3||Fernando Broner|
Students must complete a total of 60 credits.
The Finance Program brings leading practitioners to campus to speak exclusively to Barcelona GSE students. Speakers for 2016-17 will include:
Executive Director, Global Head of Capital Markets and TAA, Allianz Investment Management SE
Eric graduated from Ecole Supérieure de Commerce de Paris (now ESCP-Europe) with a Major in Finance in 1979 and holds a law degree from Paris University (1979). Eric joined Allianz Investment Management SE in Munich at the beginning of 2008 to head the Capital Markets and TAA team. From ALM to asset manager selection and monitoring, AIM SE owns the investment process followed by the insurance companies of the Allianz Group for the management of their reserves (over Euro 600 billion). Eric’s most recent publication (November 2014) is Uncertainty, Expectations and Financial Instability: Reviving Allais’s Lost Theory of Psychological Time, Columbia University Press, New York.
Managing Director, Mitsubishi UFJ Securities
Antoine is London based, he works for the investment bank of the Mitsubishi UFJ Financial Group (MUFG) the largest Japanese Financial group. He is the MD heading the group in charge of capital markets origination for France, Iberia and Switzerland. In this capacity Antoine has arranged numerous debt capital market financings for major European corporate issuers. Antoine is a graduate of ESCP.
Banking & Capital Markets, Deloitte LLP
Enrique is with Deloitte in London where he provides advice on risk management and regulatory matters to global financial institutions. His past experience includes the set-up of the ALM function of GE Capital Bank in London. Prior to that he was with the UK Financial Services Authority, where he contributed to the development of the first post-crisis liquidity risk supervisory regime and represented the UK on negotiations relating to Basel III and CRD IV. He began his career at the Central Bank of Spain.
FIG Team, JP Morgan
Gianluca recently joined the FIG team of JP Morgan where it covers mostly financial institutions based in Spain and Portugal. Previously, he worked in J.P. Morgan’s Acquisition and Leveraged Finance where it worked on multiple transactions across different industries in EMEA.
Roger Dies (BGSE Finance '15)
Audit Assistant, Deloitte
Roger is currently working in Deloitte as an Audit Assistant in the Barcelona office. His main responsabilities are to understand business processes in order to focus audit procedures that provide strong evidence about the reliability of financial statements. He is specialized in Industrial Companies, which play a huge role in the Catalan economy.
Robert de Guigné
Head of ESG Solutions
Robert de Guigné is the Head of Socially Responsible Investments for LOIM. Prior to this he was Deputy of LOIM’s CIO for equity and convertible long-only investment strategies. He joined Lombard Odier in June 2007 as Deputy Chief Investment Officer for the Institutional Investment Unit. Robert earned an MBA in international affairs from ESC Reims – CEFA in 1986 and holds an engineering diploma from Ecole spéciale de Mécanique et d’Electricité in Paris. He also gained a financial analyst diploma from the French Society of Financial Analysts, a diploma in actuarial science from the Center for Actuarial Studies and he is a member of the Institute of French Actuaries.
Head of Division, European Central Bank
Jean-Marc Israël is head of the Monetary and Financial Statistics Division at the ECB and is also the chairman of the Working Group on Monetary and Financial Statistics, which assists the ESCB Statistics Committee. Mr Israël also co-chairs the Working Group on Analytical Credit datasets. He participates in, or chaired, various working groups and task forces like the BIS/Committee on the Global Financial System (CGFS) on credit risk transfers (report published in September 2009), or the Contact Group on Data between the ECB, European Systemic Risk Board and European Supervisory Authorities. He co-authored two ECB Occasional Papers (No. 67 and No. 145) and articles in the IFC Bulletin (e.g. No. 33).
Miquel Masoliver (BGSE Finance '14)
Quantitative Analyst, GVC Gaesco
Miquel is a Quantitative Researcher at GVC Gaesco Asset Management, where he develops quantitative investment strategies based on market inefficiencies. Miquel holds an MSc in Physics from Universität zu Köln, an Master in Finance from the Barcelona GSE and a BSc in Physics from Universitat Autònoma de Barcelona.
Manager, Accenture Consulting
Tommaso Meneghini currently works within Accenture's Finance & Risk practice in the Barcelona office, leading risk management projects at primary financial institutions based in Europe, North and South America. His areas of expertise include compliance with Basel and Solvency regulations, internal model validation, and risk information systems. Prior to Accenture, he worked as a Consultant at KPMG Advisory in Milan and Barcelona. He holds an MSc in Finance from UPF (now the BGSE Finance Program), and a Master in Banking & Finance from the University of Padua.
Lluís Mateo (BGSE Finance '09)
Investment Banking Associate, Credit Suisse
Lluís works in the Investment Banking and Capital Markets team of Credit Suisse in London. He is part of the Healthcare EMEA group which provides advisory services to Healthcare clients across different financial transactions. Previously, he worked as an analyst in the Client Strategy and Investment Products team at Banc Sabadell in Barcelona and as a financial controller at Thyssenkrupp in Dubai. Lluís is an industrial engineer (UPC), Master in Finance (BGSE), and an MBA (INSEAD).
President and Founder, Kappa Finance
Since 1998 Alain Patricot has been advising asset management companies in Europe, Asia and North America on their development in new sectors such as hedge funds, real assets, fintech and/or their international expansion. Prior to that he had more than 20 years of senior operational and international experience at Citibank, Daiwa Securities, Indosuez Gartmore AM and AXA AM as a corporate banker, investment banker and international business development specialist.
Emerging Markets Trading Desk, Goldman Sachs
Thomas currently works at Goldman Sachs on the Emerging Markets trading desk within the Fixed Income, Currencies and Commodities division, with a focus on structured credit products. His mandate encompasses Central and Eastern Europe, the Middle East and Africa.
Josep Maria Puigvert
Principal Economist Statistician, European Central Bank
Josep Maria Puigvert is Principal Economist Statistician at the Monetary and Financial Statistics (MFS) Division at the ECB, secretary of the Task Force on Money Market Statistics, which discusses statistical aspects on money market data. He currently works as a project manager of the Money Market Statistical Reporting. He has also worked in the past in the MFI interest rate team, PDFs, yield curve and money market data production within MFS. He also worked as teaching assistant and the Research Institute of Hospital del Mar, Health Park del Mar. Mr. Puigvert holds a PhD in Mathematics by Universitat the Barcelona (UB) and a degree in Statistics by Universitat Politècnica de Catalunya. He has co-authored several ECB Working Papers and articles in financial journals (e.g. Journal of Banking and Finance and Eurasian Economic Review).
Global Head of Loan Sales at BBVA
David Roca benefits from over 10 years of experience, the bulk of which in structuring and arranging syndicated loans. At the beginning of 2015 he was appointed as Global Head of Loan Sales at BBVA, based in London. The team was created with the mandate to cover an increasing demand from institutional investors on the asset class. Prior to joining BBVA in 2009, David started his career in banking at RBS where he was a Director in RBS' origination team for Southern Europe.
Director, Tyler Capital
Paul is a business strategy consultant specializing in business development and growth. He is director of three different fast-growing businesses. He has expertise in financial services and property development, business consulting, operations, governance and risk management. He has a decade of experience working in financial markets and algorithmic trading systems development.
Upon successful completion of the program, students will receive a Master Degree in Economics and Finance awarded jointly with Universitat Pompeu Fabra (UPF).
All Barcelona GSE master degrees have been recognized by the Catalan and Spanish Education authorities within the framework of the Bologna Process (in Spanish, “Master Universitario o Master Oficial”). Indicadors de qualitat
The master covers four areas of knowledge:
Asset Pricing and Macroeconomics
Corporate Finance and Banking
Econometrics and Data Analysis
Examples of recent Finance placements:
The Finance Program includes 21 students from 13 countries this year. Economics is the most common undergraduate academic background amongst students this year, though some have studied Business Administration, Mathematics, Finance, or Engineering.