IE Master in Finance Admissions: Requirements, GMAT and Fees

What is the IE MiF and who is it for?

The Master in Finance, often shortened to IE MiF, is a 10-month, full-time programme taught in English in Madrid, with intakes in September and April. You choose a specialisation in Investment Banking and Private Equity, Global Markets and Asset Management, or Real Estate Finance and Alternative Investments. IE is an official CFA University Partner.

IE looks for analytical, ambitious people who perform well under pressure. Its programme page cites an average age of 24, about two years of work experience and 35 nationalities.

IE Master in Finance requirements

• A bachelor's degree from an accredited university, with official transcripts
• A one-page CV, a personal statement and two academic or professional references
• English: TOEFL 100 (105 recommended), IELTS 7 (7.5 recommended), Duolingo 130 or Cambridge Advanced, with exemptions for native speakers and English-taught degrees
• One test result: GMAT, GRE, CFA Level I or CAIA Level I (unlike the MiM, the ieGAT is not listed)

On the IE Master in Finance GMAT score, IE recommends 605 to 755 on the GMAT Focus Edition, the range for 80% of students, which matches 650 to 770 on the previous format. For the GRE, it recommends 322 to 340. Waivers are rare, granted case by case to applicants with a competitive GPA and prior investment banking experience.

IE Master in Finance admissions process and deadlines

IE runs rolling admissions with no fixed deadlines and fills places first come, first served. The process usually takes 4 to 6 weeks:

1. Submit the online application and pay the €150 fee.
2. Complete the online assessment: three live questions, two on video and one written.
3. Interview with an admissions manager, in person or online, if the committee advances you.
4. Receive a decision by email, usually 1 to 3 weeks after review.

For September 2027, non-EU candidates should apply early to allow time for a Spanish student visa.

IE Master in Finance tuition and employment

IE Master in Finance tuition is listed at €42,000, plus a one-off €1,200 contribution to the IE Foundation. Fees are reviewed yearly; confirm the current figure on IE's Master in Finance admissions and fees page.

For IE Master in Finance employment, IE's report on the class of 2023 shows that 89% of job seekers had an offer within three months. Financial services took 70% of graduates and consulting 12%, and Europe accounted for 66% of placements, including 19% in Spain. The report gives no salary figures. In the IE Master in Finance ranking from the Financial Times (June 2026), it placed 10th worldwide among pre-experience programmes.

How to stand out

• Prove your interest in finance through internships, investment clubs, CFA study or modelling courses.
• Choose your specialisation before you apply and explain the choice in your personal statement.
• Be ready to discuss a deal, a company or a market view in your interview.

Weighing a broader business degree? Compare IE MiM admissions, or read our IE Business School overview.

Frequently asked questions

What GMAT score do I need for the IE Master in Finance?

IE sets no minimum but recommends 605 to 755 on the GMAT Focus Edition (the range for 80% of students) or 322 to 340 on the GRE. A CFA Level I or CAIA Level I result can also replace them.

Do I need work experience for the IE MiF?

No. Work experience is not a requirement, and the programme suits recent graduates and early-career professionals. The class average is around two years, though, so finance internships strengthen your case, especially for investment banking or private equity.

Should I choose the IE MiF or the IE Master in Management?

Choose the MiF if you are set on finance and strong in quantitative work: it is shorter, more technical and focused on banking and investing. Choose the Master in Management for a broad business base and time to explore other paths.