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MSc lectured in English
Ranked #45 worlwide in Masters in Finance pre-experience 2023 at Financial Times Ranking
The MSc in Finance is a full-time, two-year programme (one year of classes and one year for the dissertation) that provides a highly advanced qualification in the finance field. It is designed for students who intend to pursue a career in the financial services industry or in the field of corporate finance.
This programme gives students a strong background in the theoretical underpinnings of finance while offering intensive applied training aimed at developing skills for active interaction in the finance world. Our graduates have earned an excellent reputation in the corporate sector for their outstanding quantitative and technical skills.
Students can choose between two specialisation areas:
> Corporate Finance
> Financial Markets
allowing them to customise their curriculum.
Each area offers state of the art courses of specialisation in the given area, and provides an opportunity for students to acquire a deeper knowledge and a better preparation for the real world.
Students will have to choose one specialisation area, by the end of the first semester.
Priority will be given depending on the ranking obtained at admission to the Programme.
The slot for each area is 23 students.
International Program at the University of Delaware, United States
There will be 30 slots available for the Delaware program. 25 of these slots will be for 1st round applicants of the Master Degree in Finance - Rules.
Partnership with BNP Paribas
The EMEA Credit Analytics (ECA) team of BNP Paribas offers 10 students a unique opportunity to do equity research with close contacts of industry experts.
This involves work sessions at BNP and result in the students’ Master thesis. This way students can experience real-world work environments and work with banking professionals.
Awards of the MSc in Finance
For candidates:
> Top Candidate Awards, offered to the best 10 first-round candidates to the Master in Finance;
> Top International Candidate Award, offered to the 5 best first-round candidates with international student status.
For students: EY rewards the best MSc in Finance Student!
Double Degree
This programme has Double Degree partnerships with the universities listed below. For more information, click here.
KEDGE Business School in France (AACSB, EQUIS, AMBA accredited)
Universitas Gadjah Mada - Indonesia (AACSB accredited)
Florida International University - USA (AACSB accredited)
The MSc in Finance at Iscte Business School will enhance your career prospects, give you exposure to a faculty with a worldwide reputation, and provide you with cutting-edge knowledge of finance in classes that teach you how to apply what you have learned.
The emphasis of the Program is specialization and flexibility. Half of the courses are electives and are divided into two different areas of expertise: Financial Markets and Corporate Finance. This allows you to direct your study to your own career objectives. During your studies you will have the opportunity to meet finance experts and have real-life experience in the finance world.
Teaching & Research Assistant Programme
The best students of the 1st year of the MSc in Finance may be selected for teaching & research assistant positions. Candidates will perform their duties during their 2nd year of the programme.
For more information, please check the rules of the teaching and research assistant programme here.
2025/2026
Check here the detailed study plan
| Unidades curriculares | Semestre | ECTS |
|---|---|---|
| Análise e Avaliação de Empresas * | 2 | 6.0 |
| Engenharia Financeira * | 2 | 6.0 |
| Estratégia Financeira * | 2 | 6.0 |
| Finanças Empresariais * | 1 | 6.0 |
| Futuros, Forwards e Swaps * | 1 | 6.0 |
| Gestão de Activos e Passivos * | 2 | 6.0 |
| Gestão de Carteiras de Investimentos * | 2 | 6.0 |
| Gestão de Risco * | 2 | 6.0 |
| Investimentos * | 1 | 6.0 |
| Modelização para Finanças da Empresa * | 2 | 6.0 |
| Métodos Quantitativos para as Finanças * | 1 | 6.0 |
| Opções Financeiras * | 1 | 6.0 |
| Opções Reais * | 2 | 6.0 |
Optativas recomendadas
Areas of Expertise (1st Year | 2nd Semester)
Thematic Area of Financial Markets
- Risk Management
- Financial Engineering
- Asset and Liability Management
- Portfolio Management
- Free elective
Thematic Area of Corporate Finance
- Corporate Valuation
- Real Options
- Corporate Finance Strategy
- Corporate Finance Modelling
- Free elective
Note: Students will have to choose one area of expertise, by the end of the first semester. Priority will be given depending on the ranking obtained at admission to the Program. The slot for each area of expertise is 23 students.
| Unidades curriculares | Semestre | ECTS |
|---|---|---|
| Dissertação em Finanças * | 1 | 54.0 |
| Seminário de Projecto em Finanças * | 1 | 6.0 |
| Trabalho de Projecto em Finanças * | 1 | 54.0 |
Optativas recomendadas
Areas of Expertise (1st Year | 2nd Semester)
Thematic Area of Financial Markets
- Risk Management
- Financial Engineering
- Asset and Liability Management
- Portfolio Management
- Free elective
Thematic Area of Corporate Finance
- Corporate Valuation
- Real Options
- Corporate Finance Strategy
- Corporate Finance Modelling
- Free elective
Note: Students will have to choose one area of expertise, by the end of the first semester. Priority will be given depending on the ranking obtained at admission to the Program. The slot for each area of expertise is 23 students.
The MSc Finance is recognised by the Financial Times as one of the best programmes in finance in the world. It is designed for students who intend to pursue a career in the financial services industry or in the field of corporate finance. The MSc Finance gives a strong background in the theoretical underpinnings of finance, while offering intensive applied training aimed at developing skills for active interaction in the finance world. Our graduates have earned an excellent reputation in the corporate sector for their outstanding quantitative and technical skills.
The MSc Finance offers:
Enhanced career prospects: the curriculum is structured to lead up to the CFA exam. We also offer to our students scholarships for the CFA exam.
Specialisation: there are two areas of expertise (Financial Markets and Corporate Finance), allowing students to customise the program.
International experience: residential stay in Delaware where students study market microstructure and equity trading on Bloomberg terminals at the University of Delaware, visit the Nasdaq Stock Exchange and Bloomberg. Since 2024 there has been an online Delaware programme too.
Financial data lab: IBS gives students access to financial databases, including Eikon and Bloomberg.
We are negotiating with BNP Paribas to organise company visits and short courses for students.
By the end of the program, the students in the Master in Finance will have gained the following competencies and reached the following learning objectives:
1) Competence in producing written communication in business environments with impact and effectiveness, namely:
1.1) Produce a well-structured written document
1.2) Clearly identify and communicate the relevant key messages within a written document
1.3) Clearly express the link between theoretical arguments and specific practical issues within a written document
1.4) Effectively summarize ideas and conclusions within a written document
2) Competence in delivering oral communication in a business environment with impact and effectiveness, namely:
2.1) Select the appropriate format for a given presentation
2.2) Demonstrate confidence that the communication was well-prepared
2.3) Develop and make presentations with impact
3) Competence in ethical behavior, responsibility, and sustainability, namely:
3.1) Identify and discuss the myriad challenges surrounding corporate responsibility and/or sustainability
3.2) Recognize and critically reflect on ethical dilemmas
4) Competence in Thinking critically about topics, namely:
4.1) Select and interpret relevant data and references from academic and non-academic sources
4.2) Analyse issues effectively, leading to the formulation of well-supported conclusions or solutions
5) Competence in teamwork and interpersonal dealing, namely:
5.1) Organize and allocate tasks among group members to meet goals in an efficient and effective manner
5.2) Show a willingness to listen to others and exhibit curiosity about what people are saying and experiencing
5.3) Schedule tasks to meet milestones deadlines
6) Competence in Finance, namely:
6.1) Use asset pricing models to evaluate financial securities
6.2) Apply the principles of asset valuation in the appraisal of different investment decisions
6.3) Select and apply the appropriate methodologies and models to solve advanced financial analysis problems
6.4) Use econometric tools and packages to test financial models.
2025/2026
EMPLOYABILITY
86% were employed within 3 months of the end of the Programme
17% work outside of their country of origin
The MSc in Finance has an employment rate of 100% up to 12 months after completion of Programme
The sectors most represented in the recruit of masters’ graduates are the Industry & Energy, Consulting & Audit and Information Technology
98% Iscte Business School Employability Rate
98% of Iscte Business School 2nd cycle graduates are in professions adjusted / appropriate to the level of qualifications
Employers are overall very satisfied with Iscte graduates: 2nd cycle - 4.6 (scale 1 to 5)
A Bachelors degree awarded by a university or institution of higher education
Proficiency in the English language
Note: The results of an applicant's GMAT or GRE exam, although not obligatory, may enhance their chances of being admitted.
- A GMAT/GRE waiver is granted automatically to all candidates who have passed CFA Level II at the time of application.
SELECTION AND RANKING CRITERIA
Check the selection and ranking criteria HERE
DOCUMENTS FOR APPLICATION
The application is exclusively online.
It is mandatory to attach the following documents:
- Photo (passport-style in jpg, jpeg or png format)
- Identification document (national identity card for national applicants and passport for international applicants
- Undergraduate's degree diploma with final GPA*
- Curriculum vitae
- Master's goal statement (max. 2500 characters, to be submitted in the applications' system directly)
- Optional: Certificate or proof of passing any CFA Level exam. A GMAT/GRE waiver is granted automatically to all candidates who have passed CFA Level II at the time of application
*Candidates who have not finished the undergraduate’s degree must attach:
- A commitment statement (download available in the application form);
- A transcript of records with the list of completed courses and respective grades (an image from your student portal is accepted).
SELECTION PROCESS
IMPORTANT - Selections are made on a rolling basis from the moment the application period opens. We therefore encourage early applications.
The selection process involves four separate stages which are outlined below:
1. Initial Assessment
After completing the online application and paying the non-refundable fee, the application will be assessed by the members of the Application Review Committee.
2. Interview
During the Initial Assessment period, the candidate may be called for an interview with the Master's Director or another member of the Application Review Committee.
3. Decision
All applicants will be notified of the decision. The results will be sent by email and will be available on the application portal.
4. Enrolment
In the event of admission, candidates will be informed of the enrolment process. They will be given a deadline to enroll (thus confirming their place on the Master's programme). Please note that admitted candidates will have to pay the first instalment of tuition fees by the deadline after enrolment.
