Program director

faculty

Filippo Ippolito

UPF and Barcelona GSE

Xavier Freixas

UPF and Barcelona GSE

The complex financial times we live in demand greater modelling techniques and a deeper understanding of financial data. The Master in Finance at the Barcelona GSE is designed to meet these challenges.

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.

This program is unique because it offers better training on quantitative topics than most masters in finance, and has a broader focus than the typical master in quantitative finance.

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, seminars by practitioners, 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.

What skills and knowledge will I acquire in this program?

The master covers four areas of knowledge:

Asset Pricing and Macroeconomics

  • Introduction to Asset Pricing 
  • Advanced Asset Pricing and Market Frictions
  • Macroeconomics
  • Money and Exchange Rates
  • Stochastic Models and Portfolio Optimization
  • Systemic Risk and Financial Crises
  • Empirical Asset Pricing: use of asset pricing databases employed in the industry

Corporate Finance and Banking 

  • Introduction to Corporate Finance
  • Applied Corporate Finance: interactive case studies based on real firms and modeling of corporate finance problems with Excel
  • Empirical Corporate Finance and Banking: use of corporate finance and banking databases employed in the industry
  • Banking Theory

Econometrics and Data Analysis

  • Econometrics (Stata, MATLAB)
  • Financial Econometrics, Time Series, GARCH and Stochastic Volatility Models
  • Computational Techniques for Analyzing Text Data (Python)

Risk management/Derivatives

  • Pricing Derivatives (Options, Futures, Swaps)
  • Risk Management in Non-Financial Corporations
  • Risk Management In Financial Corporations
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 example Finance placements

Faculty

Alumni

Program schedule: 

In the Fall term, students are required to take a mathematics, a statistics and a STATA brush-up course. In addition, students who do not have a background in Economics are required to take the brush-up course in introductory economics and those with no background in Finance are required to take the bush-up course in accounting. 

Fall Term (September - December)

Course Title Credits Professor(s)
All courses are mandatory.
Corporate Finance 6 Albert Banal
Asset Pricing 6 Javier Gil Bazo
Econometrics 6

Javier G Biscarri  

Winter Term (January - March)

Course Title Credits Professor(s)
Mandatory:
Financial Econometrics 6 Christian Brownlees

Electives - Select 18 or 24 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
Macroeconomics I 6 D. Guaitoli + L. Fornaro 
Stochastic Models and Portfolio Optimization 3 Mihalis Markakis
Pricing Financial Derivatives 6 Eulàlia Nualart

Spring Term (April - June)

Course Title Credits Professor(s)
Mandatory:
Master Project 6 Filippo Ippolito
Electives - Select 18 or 24 Credits:
Systemic Risk and Financial Crises 3 José-Luis Peydró
Applied Corporate Finance 3 Filippo Ippolito
Banking Theory 6 Xavier Freixas
Text Mining for Social Sciences 3 Stephen Hansen
Risk Management in Banks 3 TBD
Risk Management in Non-Financial Corporations 3 Manuel Moreno
Topics in Finance: Empirical Finance 6 Javier Gil-Bazo
Filippo Ippolito
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