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ISCTE Business School MSc in Finance: Detailed Overview

26/10/2023

NA

Avg. GMAT

NA

Work Experience

€21K

Avg. Cost of Study

24

Months Duration 

NA

Avg. Salary

Summary

Introduction to ISCTE Business School MSc in Finance

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 you 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.

Why Study ISCTE Business School MSc in Finance ?

45

FT Rankings

45

QS Ranking

There are several reasons why you might want to study the MSc in Finance at ISCTE Business School:

  • Academic rigor and reputation. ISCTE Business School is a triple-accredited business school (AACSB, EQUIS, AMBA), which means that its programs meet the highest international standards of quality. The MSc in Finance is particularly well-regarded, and its graduates are highly sought-after by employers.
  • Strong focus on applied training. The MSc in Finance at ISCTE Business School is designed to give you the skills and knowledge you need to succeed in a career in finance. The program includes a strong focus on applied training, with courses taught by experienced practitioners who will share their insights and expertise with you.
  • Flexibility to specialize. The MSc in Finance at ISCTE Business School offers a variety of elective courses, which allows you to specialize in the area of finance that interests you most. This could include Corporate Finance, Financial Markets, or Quantitative Finance.

Program Costs + Living Expenses: ISCTE Business School MSc in Finance

€9,800

Avg. Cost of Tuition

+ 

€12,000

Avg. Living Cost/Quarter

21,800

Avg. Cost of Study

The living expenses for the MSc in Finance at ISCTE Business School vary depending on your lifestyle and spending habits. However, as a general guide, you can expect to spend around €1,000 per month on accommodation, food, transportation, and other expenses.

Accommodation

The average rent for a one-bedroom apartment in Lisbon is around €600 per month. However, you can find cheaper or more expensive apartments depending on the location and amenities. There are also a number of student residences available, which offer more affordable accommodation.

Food

The cost of food in Lisbon is relatively reasonable. You can expect to spend around €200-€300 per month on groceries and eating out. There are a number of budget-friendly restaurants and cafes available, as well as a number of supermarkets where you can buy groceries at a discounted price.

Transportation

The public transportation system in Lisbon is very efficient and affordable. You can purchase a monthly pass for around €30, which gives you unlimited access to the buses, metro, and trams. You can also get around by bike or on foot, which is a great way to save money and get some exercise.

Other expenses

Other expenses that you may need to factor in include utilities, internet, phone, and entertainment. Utilities typically cost around €50-€100 per month, while internet and phone bills are usually around €20-€30 per month. Entertainment costs can vary depending on your interests, but you can expect to spend around €100-€200 per month on things like going out to eat, going to the movies, and attending concerts.

Employment Prospects: ISCTE Business School MSc in Finance

86%

Employed within 3 months of graduation

    Most Sought-after Jobs

Investment Banking Analyst

Equity Research Analyst

Asset Management Analyst

Risk Management Analyst

Corporate Finance Analyst

FP&A Analyst

Financial Trader

Financial Consultant

Management Consultant

  • 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% IBS 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-IUL graduates: 2nd cycle – 4.6 (scale 1 to 5).

Eligibility Criteria for ISCTE Business School MSc in Finance

  • A bachelors degree awarded by a university or institution of higher education;
  • Proficiency in the English language;
  • The results of an applicant’s GMAT or GRE exam, although not mandatory, may enhance their chances of being accepted;
  • Certificate or proof of passing any CFA Level exam (optional). A GMAT/GRE waiver is granted automatically to all candidates who have passed CFA Level II at the time of application.
  • Diploma and Transcript of Records. 

Documents required: ISCTE Business School MSc in Finance

The following documents must be uploaded into the online application form:

  • Diploma/Transcript of Records from the bachelor’s degree awarded by a university or institution of higher education;
  • ID card/Passport
  • Photo
  • Proficiency in the English language (optional);
  • The results of GMAT or GRE exam (optional);
  • Certificate or proof of passing any CFA Level exam (optional). A GMAT/GRE waiver is granted automatically to all candidates who have passed CFA Level II at the time of application.

 Candidates still concluding their undergraduate degree must also add:

  • Declaration of Commitment (download available on the application form)
  • Transcript of Records with current grading 

Application Deadlines - ISCTE Business School MSc in Finance

1st Round: 19 December 2022 – 16 January 2023

2nd Round: 17 January 2023 – 13 February 2023

3rd Round: 14 February 2023 – 03 April 2023

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Scholarships Available: ISCTE Business School MSc in Finance

Rodrigo Guimarães Scholarships

Students who are enrolled in one of the Bachelor’s or Master’s courses in Management or Economics are considered eligible for the awarding of the Rodrigo Guimarães Scholarship.

A protocol was recently signed between Iscte and the Rodrigo Guimarães Institute to the attribution of “Rodrigo Guimardes Scholarships” which aims to support students with special characteristics of initiative, motivation and commitment in obtaining tools that allow them to have a positive intervention in Portuguese society and cumulatively in conditions of proven economic need, as indicated in regulation article 2.º, 6.th and 8th.

The Rodrigo Guimarães Scholarship includes the value of annual fees, food, transport and additional aid for a travel scholarship, if you are a displaced student.

DGES Scholarships

The Scholarship is an annual cash benefit to share the cost of attending a course or carrying out a mandatory professional internship, awarded on a non-refundable basis and in the respective academic year, whenever the student does not have a adequate financial resources.

The Scholarship is valid for one academic year, it must be renewed every year and the amount varies, as it depends on the household’s income.

More information at  DGES SCHOLARSHIPS 

Duarte Tarré Scholarships

ADT – Duarte Tarré Association, founded by Manuel Tarré and family, opens the scholarship application phase annually.

Iscte was one of the universities contacted by the Duarte Tarré Association to award merit scholarships to students who meet the requirements.

You can find the Duarte Tarré scholarships’ regulation here. (only available in Portuguese) 

For more information about the application process and requirements click here!  (only available in Portuguese) 

Specializations & Electives Offered

The Master of Science in Finance (MSc in Finance) at Iscte Business School is a two-year program that offers two specializations:

  • Financial Markets
  • Corporate Finance

Financial Markets

The Financial Markets specialization focuses on the theoretical and practical aspects of financial markets, including:

  • Asset pricing
  • Derivatives
  • Fixed income markets
  • Portfolio management
  • Risk management

Corporate Finance

The Corporate Finance specialization focuses on the financial management of corporations, including:

  • Capital budgeting
  • Corporate valuation
  • Dividend policy
  • Financial statement analysis
  • Mergers and acquisitions

Electives

In addition to the core courses required for the specialization, students in the MSc in Finance program can choose from a wide range of electives in both finance and related fields. Some popular electives include:

  • Asset and Liability Management
  • Behavioral Finance
  • Computational Finance
  • Financial Accounting and Reporting
  • Financial Engineering
  • International Finance
  • Real Options
  • Risk Management

Students can use their electives to further specialize in their chosen area of finance, or to explore other areas of interest.

Here is a list of all the electives offered in the MSc in Finance program at Iscte Business School:

  • Accountability and Finances for Cultural Organizations
  • Asset and Liability Management
  • Behavioral Finance
  • Computational Finance
  • Corporate Financial Modelling
  • Corporate Finance Strategy
  • Derivatives
  • Financial Accounting and Reporting
  • Financial Engineering
  • Financial Markets Regulation
  • Financial Options
  • Financial Statement Analysis
  • Fintech
  • Fixed Income Markets
  • Fundamentals of Computational Finance
  • International Finance
  • Investment Banking
  • Mergers and Acquisitions
  • Portfolio Management
  • Real Options
  • Risk Management
  • Seminars in Finance Projects

Students can choose up to four electives in their second year of study. 

FAQs About MIF

Graduates of the MSc in Finance program are highly sought-after by employers in the financial services industry. Graduates typically find jobs in corporate finance, investment banking, asset management, and risk management. Some graduates also go on to pursue careers in academia or research.

The MSc in Finance program is taught entirely in English.

ISCTE Business School offers a variety of financial aid options to students, including scholarships, grants, and loans. For more information, please visit the school’s website.

The MSc in Finance is open to applicants with a bachelor’s degree in a relevant field, such as finance, economics, business administration, or mathematics. Applicants should have a strong academic record and a good understanding of quantitative methods.

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

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