Scholarships for the Graduate Program in Economics and Finance, CEMFI, Madrid [Spain]

Scholarships for the Graduate Program in Economics and Finance, CEMFI, Madrid, Spain
At CEMFI we train students for careers as professional or academic economists. Our graduates acquire the quantitative tools and research skills to work as economists in business, finance, government, and academia.
The basic graduate offering at CEMFI is its highly prestigious Master in Economics and Finance. Unlike many Master programs in the US and elsewhere, ours is self-contained and offers a well respected qualification.

CEMFI grants a subset of its Master students exemptions from the tuition fee and/or scholarships for living expenses amounting up to EUR 10,000 per year. They are granted according to academic merit. In previous years, the FundaciĆ³n Carolina, in cooperation with the FundaciĆ³n BBVA, has endowed several scholarships for Latin American students of the Master. If new grants are endowed, they will be announced on CEMFI’s web page.

An important distinguishing feature of our Master is that it lasts for two years, the second being essential for shaping the skills of our graduates. The first year consists of basic graduate coursework and some optional subjects. The second year includes specialized courses and research training through a Master thesis. Our ratio of students to faculty is between four and five. Thus we can devote a lot of attention to each student. This is particularly important for the Master thesis, where the faculty provides guidance to a unique degree.

Members of CEMFI’s faculty publish in top journals and are research leaders in their fields. They are also editors of prestigious journals and are key players at leading learned societies such as the European Economic Association and the Econometric Society.

Our Master students get very good jobs as economists. For example, in positions dealing with portfolio and risk management, macroeconomic forecasting, policy evaluation, or microeconomic consultancy. CEMFI has been building a reputation for more than 20 years and a degree from CEMFI provides a strong signal of quality, regularly confirmed by the market. Moreover, we run an experienced and efficient job placement service.

Students interested in furthering their research training, either because they aim for a professional career with a stronger research content or because they aim for an academic position, will continue to develop their research skills for another three years and complete the PhD program. Graduates from CEMFI’s PhD program have published papers from their dissertation in top journals and we have an excellent record in the PhD job market.

Admission to the PhD program at CEMFI is through the Master. All students admitted to the PhD program obtain a scholarship, either from an external source or from CEMFI. For more information on admission and scholarship applications, please visit:

For any queries, feel free to contact: admissions[ at ]

Application has to be received by 6. April 2009.