MiF. Admissions & Fees
The IESE MiF. Fees, Funding and Admissions.
The IESE Master in Finance follows a round-based admissions process, with one round per month. However, keep in mind that places are limited, and our merit-based scholarships are often awarded in earlier rounds. We strongly recommend applying early to maximize your chances of admission and financial aid.
Submitted applications are reviewed on a continuous basis. If you meet all the requirements, you can expect a decision within 4–6 weeks.
The program is taught entirely in English and is open to recent graduates with backgrounds in STEM, economics, finance and business with up to two years of full-time work experience. A strong academic record, solid quantitative skills and English proficiency (TOEFL 100, IELTS 7.5 or equivalent*) are required. Applicants must also submit scores from one of the following standardized tests: GMAT, GRE or the IESE Test**.
We’re excited to learn more about you. If you have any questions or would like to speak with our admissions team, you can request a one-on-one meeting here.
MiF: Admissions Process
Request an informational meeting (optional)
Having a one-on-one conversation with the Admissions Team can be one of the best ways to learn more about the school, its unique culture and how the IESE MiF can help with your future career options.
Apply online
Documents required:
- Application Form
- Application fee
- Official transcripts
- GMAT/GRE/IESE Test*
- CV
- English test: TOEFL 100 | IELTS 7.0 | Proficiency | PTE academic 68, TOEFL iBT or IELTS Academic
- 1 letter of recommendation
- Mandatory essays (online form)
- High quality digital passport-size photo (max. 2MB)
To apply online, scan and upload the following documents in English (if they’re in other languages, the official translation must be submitted together with the original documents). We recommend that you:
- Keep a copy of all documents
- Attach each of the different document separately
*For further information on IESE Test and dates, click here.
Process interview
Interviews can be held virtually or in person at the IESE campus in Madrid. All interviews are conducted in English.
Admissions decision
Admissions decisions are made through a rigorous process designed to identify candidates with outstanding potential in finance and leadership. Each application is reviewed carefully by the Admissions Committee and decisions are typically communicated via email within 4–6 weeks of submission.
MiF Tuition Fees
- The fee of the Master in Finance is €49,000*** (subject to change).
- The initial application fee is €120. This is payable through Embark during the online application process.
- If you are admitted to the MiF program, you will be required to pay a non-refundable commitment fee of €10,000 to hold your seat.
- This fee will be deducted from the total program cost.
- Admitted MiF students may also be eligible for Post-Graduation Payment Aid (PPA), a flexible payment option supported by the European Union’s InvestEU Fund. Learn more
Calendar of Payments
| Payments | Amount | Due Date |
|---|---|---|
| Commitment Fee | €10,000 | Deadline indicated in admissions letter**** |
| 1st Tuition Installment | €39,000 | September 2026 |
| Total Tuition Fee***** | €49,000 |
* Candidates are not required to submit an English certificate if any of the following apply: English is your native language. All of your university courses have been taught in English. You can demonstrate you have lived and worked in an English-speaking country for at least two consecutive years.
**We offer an internal IESE Test which is similar to the GMAT in content and format. Please contact the Admissions Department to learn more about the test.
***Tuition Fee applicable for September 2026 intake -Class of 2027- (subject to change).
****To secure your place in the program a deposit is required within 2 weeks of receiving your acceptance letter.
*****Travel and accommodation for the Overseas Module and for the London Banking Week are not included in the MiF tuition fees, and are additional costs assumed by the students.
IESE Rankings.
