Master's Degree in Economics and Finance: Finance Program

Program director


Filippo Ippolito

UPF and Barcelona GSE

The Barcelona GSE Finance Program is a unique full-time, nine-month program that will provide you with the rigorous training sought today by the financial industry.

The program is tailored for students who seek a focused and analytical program that provides them with an in-depth understanding of financial models and the ability to take these models to the data.

The Finance Program is designed to train students who aspire to be at the top of their profession as financial economists.

It is an ideal launch pad for those who wish to pursue a career in top-tier consulting, investment banking, wealth management and private equity firms, but also offers opportunities in Central Banks and supervisory financial institutions. The program is also a natural stepping stone for students interested in pursuing a finance PhD at a top academic institution.

The Finance Program is taught by a world-class faculty which possesses an outstanding research and consulting record, and that is particularly renowned in the fields of empirical and theoretical banking, financial econometrics, corporate finance, asset pricing and macroeconomics.

The program offers interactive classes, intensive use of advanced statistical and mathematical software for modeling and for the analysis of real financial data.

It includes in-depth case studies, seminars offered by practitioners, and the support of an experienced team of career services officers. The course is the perfect link between the complexity of financial modelling and day-to-day practical applications in the world of finance.

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.

What skills and knowledge will I acquire in this program?
  • A deep understanding of the theory and practice of price formation in financial markets
  • Application of equity valuation and determination of the term structure of interest rates and contingent claim pricing
  • Ability to apply economic theory to analyze the problems facing bank or finance institutional management
  • Mathematical finance ability to price and hedge derivatives and to use other complex financial instruments in a dynamic setting
  • Ability to apply econometric analysis to implement asset pricing models and to measure and manage financial risks
  • Expert analysis of corporate finance systems and problems
Who will benefit from this program?
  • Graduates in Business, Economics, or Finance with a strong interest in quantitative finance or banking
  • Graduates in Engineering, Mathematics, Physics, or Statistics who want to pursue a career in quantitative finance or banking
  • Analysts or policy-makers at financial or supervisory authorities who want to enhance their abilities
  • Aspiring PhD students looking for a rigorous master's program in Finance
Who hires Finance graduates?
  • Banking and Financial Institutions
  • Finance Departments in all fields
  • Asset Management and Risk Management Firms
  • Energy, IT, and Telecommunications Industries, among others
  • Consulting and Research Organizations

Examples of recent Finance placements:

  • Accenture Bank of America
  • Bank of England
  • Barclays
  • BBVA
  • Central Bank of Brazil
  • Central Bank of Peru
  • China Construction Bank
  • Coca-Cola
  • Dell
  • Deloitte
  • Deutsche Bank
  • Ernst & Young (EY)
  • European Central Bank (ECB)
  • European Commission
  • Hewlett-Packard
  • HSBC (Bangkok)
  • Pricewaterhousecoopers (PwC)
  • Riga Commercial Port (RTO)
  • Shell Trading & Shipping
  • United Nations Development Program (UNDP)

Download results for Finance 2015



Program schedule: 

In the Fall term, Finance Program students are required to take a mathematics and statistics brush-up course. Students who already have a solid background in Economics may elect to be placed in more advanced courses, though all students are required to pass the brush-up review course exams.

Fall Term (September - December)

Course Title Credits Professor(s)
All courses are mandatory.
Microeconomics I 6 Joan de Martí
Asset Pricing 6 Belén Nieto
Econometrics 6 Javier Gómez Biscarri

Winter Term (January - March)

Course Title Credits Professor(s)
Corporate Finance Theory 6 Albert Banal
Financial Econometrics 6 Christian Brownlees
Electives - Select 12 Credits:
Asset Prices and Market Frictions 6 Gonzalo Rubio
Roberto Pascual
Sovereign Debt and International Financial Architecture * 3 Fernando Broner
Money and Exchange Rates * 3 Fernando Broner

Spring Term (April - June)

Course Title Credits Professor(s)
Master Project 6 Filippo Ippolito
Electives - Select 18 Credits:
Systemic Risk and Financial Crises 3 José-Luis Peydró
Applied Corporate Finance 3 Filippo Ippolito
Pricing Financial Derivatives 6 Eulàlia Nualart
Derivatives and Risk Management 3 Manuel Moreno
Topics in Finance: Empirical Methods in Finance 6 Andrea Polo
Javier Gil-Bazo
Javier Gómez Biscarri
José-Luis Peydró

* Courses offered by other Barcelona GSE master's programs. Admission subject to approval by program directors.

Master degree awarded

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