MiF in Europe: Complete Overview

Table of Content




Avg. Age

€ 60,000

Avg. Cost of Study


Months Duration 

€ 80K – 100K

Avg. Salary

Why pursue Master in Finance in Europe?

Welcome to the Master in Finance in Europe, the entryway to unmatched opportunities and a remarkable academic journey. Look no further if you want to become a dynamic finance professional with the information, abilities, and global perspective necessary to succeed in the always-changing financial landscape. These cutting-edge MiF courses are being provided by significant institutions all around Europe, which is known for its rich history, cultural variety, financial analysis, and economic prowess.

The European MiF courses offer a full, immersive experience, fusing academic competence with hands-on application to master of finance students. They are created to meet the demands of the contemporary financial sector finance world. These programs provide personalised pathways that match your career goals, whether you see yourself working in investment banking, asset management, corporate finance, or financial consulting and financial economics.

You will study a wide range of courses in the financial discipline, from quantitative finance, financial engineering, and risk management to financial modelling and ethical considerations, under the direction of top-notch academics and business professionals. These programmes promote a collaborative learning environment and strongly emphasise real-world problem-solving, cooperation, and leadership, empowering you to succeed personally and professionally.

Program Costs + Living Expenses: MiF in Europe

€ 30,000 

Avg. Tuition Fee


Avg. Living Cost


Avg. Visa Charges


Avg. Cost of Study

  • Tuition: The cost of attending MiF programmes in Europe varies based on the institution and the course of study. However, you should budget between €20,000 and €40,000 per year for tuition. For instance, HEC Paris charges €42,800 in annual tuition for its MiF programme, whereas the London School of Economics charges €35,000 for the same programme.
  • Accommodation: The price of lodging in Europe varies according to the city and the type of lodging. However, you should budget between €800 and €1,500 a month for housing expenditures in a city like London or Paris. For instance, the typical monthly rent for a shared flat in London is £1,200.
  • Living costs: In Europe, costs of living vary according to the city and way of life. However, you should budget between €1,000 and €1,500 a month for food, transport, and other costs. As an illustration, the average monthly cost of living in Paris is €1,800, while it is £2,200 in London.

You will need to account for the cost of visa fees in addition to the programme charges and living expenses. The cost of a student visa for those who are not EU citizens might vary by nation. However, you should budget between €100 and €200 for visa fees.

Eligibility Criteria: MiF in Europe

Following are the basic eligibility requirements for top universities in France offering a Masters in Finance.

Together, these criteria ensure that prospective students possess the necessary academic background, quantitative skills, and language proficiency to excel in a master’s program in finance at esteemed universities in France. By setting high standards for admission, universities can attract motivated and talented students who are prepared to make significant contributions to the field of finance and beyond.

You must have a Bachelor’s degree in Finance, Business, or a relevant field to be eligible for a Master’s in Finance program in Europe.

Consistently good grades are essential to be considered for admission in Europe. Due to the high level of competition, it is crucial to demonstrate strong academic performance throughout your undergraduate studies.

Many universities in Europe require applicants to submit their GMAT, GRE, or TAGE MAGE test scores as part of their application for a Master’s in Finance program. These aptitude tests assess your quantitative, analytical, and verbal reasoning skills.

If you wish to pursue an English-taught program, you will need to provide proof of English language proficiency. This can be done by submitting scores from IELTS, TOEFL, Cambridge English, or TOEIC tests. International students from non-native English-speaking countries are typically required to fulfil this language requirement. 

It is important to note that specific admission requirements may vary between universities and programs. Therefore, it is advisable to thoroughly research the requirements of the universities you are interested in and ensure that you fulfil all the necessary criteria for your desired Masters in Finance program in Europe.

Apart from test scores, there are additional requirements to study MA in Finance in France. These requirements include:

Valid Passport: You must have a valid passport for the duration of your studies in France.

Degree Certificate(s) or Current Enrollment Certificate: To apply for a Master’s program, you will need to provide either your Bachelor’s degree certificate or a current enrollment certificate if you are in the final year of your undergraduate studies.

Official Academic Transcripts: You must submit official academic transcripts from all higher education institutions you have attended, including exchange programs, if any. These transcripts should include your official Grade Point Average (GPA) or equivalent.

Résumé (CV): A comprehensive résumé highlighting your educational background, work experience, internships, research projects, and other relevant achievements should be included in your application.

Two Completed Online Reference Forms: At least one reference should be completed by a professor who can attest to your academic abilities. The online reference forms should be submitted directly by the referees.

Passport-Style Photo: You will need to provide a recent passport-style photograph for identification purposes.

Non-Refundable Application Fee: Most universities require the payment of a non-refundable application fee when submitting your application.

Statement of Purpose (SOP): A well-written Statement of Purpose explaining your motivation, goals, and reasons for pursuing a Master’s in Finance in France is typically required.

Professional Experience Certificates (if applicable): If you have any relevant professional experience, it is advisable to include certificates or documents that validate your work history.

Student Visa or Residence Permit: International students will need to obtain a student visa or a residence permit to study in France. The specific visa requirements may vary depending on your country of residence.

Bank Statement: You may be required to provide a bank statement or proof of financial means to demonstrate your ability to cover tuition fees and living expenses during your studies in France.

It is important to carefully review the specific admission requirements of the universities or programs you are interested in, as these requirements may vary. Start the application process well in advance to ensure you have sufficient time to gather all the necessary documents and meet the deadlines.

Employment Prospects: MiF in Europe


Employed within 3 months of graduation

80K - 100K

Avg. Salary

Most Sought-after Jobs

Investment banker

Quantitative analyst

Risk manager

Financial analyst

Portfolio manager

  • Network in the Finance Industry: Building a strong professional network can significantly enhance your job search in the finance sector. Attend conferences, seminars, workshops, and networking events related to finance. These gatherings provide opportunities to meet industry professionals, learn about current trends, and showcase your knowledge and skills.
  • Gain Relevant Experience: Practical experience is invaluable in the finance industry. Seek internships, co-op placements, or part-time jobs related to finance during or after your MiF program. These opportunities allow you to apply theoretical knowledge in real-world settings, develop essential skills, and understand the day-to-day operations of financial roles. 
  • Commitment to Hard Work: A career in finance demands dedication, analytical thinking, and perseverance. Long hours, complex problem-solving, and continuous learning are common aspects of many finance roles. Embrace challenges, be open to taking on new responsibilities, and show your willingness to go the extra mile to deliver high-quality work. 

Scholarships Available: MiF in Europe

Erasmus Mundus Scholarships

The Erasmus Mundus Scholarships are a collaborative effort between the European Union and partner countries to promote international student mobility and enhance cooperation in higher education. These scholarships are specifically targeted towards Master in Finance (MiF) programs offered at various universities in Europe. Students selected for Erasmus Mundus Scholarships receive financial support that covers tuition fees, living expenses, travel costs, and insurance. This opportunity allows students to gain a diverse and enriching academic experience by studying in multiple countries and institutions during their MiF program.

Chevening Scholarships

The Chevening Scholarships are funded by the UK government and aim to support outstanding international students who wish to pursue a Master in Finance (MiF) program in the United Kingdom. These scholarships cover full or partial tuition fees, living expenses, travel costs, and other associated expenses. Recipients of Chevening Scholarships become part of a global network of future leaders, gaining access to a wide range of academic and professional opportunities.

Fulbright Scholarships

The Fulbright Scholarships, funded by the US government, provide international students with the opportunity to pursue a Master in Finance (MiF) program at various universities in the United States. These scholarships cover tuition fees, living expenses, travel costs, and health insurance. Fulbright Scholars not only engage in academic studies but also participate in cultural exchange activities, fostering mutual understanding and collaboration between the United States and other countries.

HEC Paris MBA Scholarships

HEC Paris, a prestigious business school in France, offers a variety of scholarships for its Master of Business Administration (MBA) program. These scholarships are open to both domestic and international students and aim to recognize academic excellence, leadership potential, and diversity. HEC Paris MBA Scholarships can provide financial support to cover tuition fees, living expenses, and other educational costs, making the program more accessible to a wider range of talented individuals.

London Business School MBA Scholarships

London Business School, renowned for its MBA program, provides several scholarships to support students pursuing their MBA studies. These scholarships are designed to attract high-calibre individuals from around the world and offer financial assistance in the form of tuition fee waivers, living stipends, and other forms of financial support. London Business School MBA Scholarships contribute to creating a diverse and dynamic learning environment within the program.

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Visa & Stay Prospects: MiF in Europe

The likelihood of obtaining a visa and remaining in Europe as a MiF (Master of Finance) student varies by nation. International students who are accepted into a MiF programme in Europe, however, are typically qualified to apply for a student visa. With the exception of a brief grace period, students are normally permitted to stay in the country for the whole term of their studies on student visas.

The following documentation is required in order to apply for a student visa:

  • A valid passport
  • A letter of acceptance from a university in Europe
  • Proof of financial support
  • A medical certificate
  • A criminal background check

It is crucial to begin the application process early because the visa application procedure can take many months.

Visa Prerequisites

The criteria for obtaining a visa to pursue an MSBA in Europe vary across countries. Nevertheless, most nations stipulate that students possess a valid passport, an acceptance letter from a university, and evidence of financial backing. There could also be requirements for a police clearance certificate and a medical assessment report.

Visa Costs

The fees connected to securing a student visa for pursuing an MSBA program in Europe are also subject to variations based on the country. However, typically, these fees range from approximately $50 to $100.

Extended Stay in Europe Post-Completion

Upon successful completion of your MSBA studies in Europe, you might be eligible to prolong your stay in the country to explore job opportunities. The duration of your stay extension will hinge on the kind of visa you hold.

Post-Study Work Visa

Several European countries offer post-study work visas (PSW) to international students graduating from their universities. A PSW enables you to reside in the country and engage in full-time employment for a specific period, often ranging from 1 to 2 years.

Career Prospects

The professional opportunities for MSBA graduates in Europe are promising. The region boasts numerous multinational corporations and financial establishments that are swiftly embracing data-driven decision-making strategies. Consequently, there’s a rising demand for adept data analysts throughout Europe.

Living Expenses

The cost of living in Europe is subject to variations based on the country, urban center, and chosen lifestyle. Nevertheless, as a general guideline, students should anticipate allocating between $1,000 and $2,000 per month for their living costs. Notably expensive cities for students include London, Paris, and Zurich, whereas Prague, Budapest, and Sofia are known for their more affordable living conditions.

Top 10 Colleges for MiF in Europe

1. ESCP Business School

Explore the pinnacle of financial education with ESCP Business School’s Master in Finance Program. This globally recognized program, led by distinguished faculty, blends theoretical mastery with practical insights. Students delve into real-world applications, cultivating expertise to thrive in the dynamic realm of finance. Join a diverse community, where ambitious individuals forge a path to success in the ever-evolving global financial landscape.

2. HEC Paris

Embark on a transformative academic journey with HEC Paris’ Master in International Finance program. Renowned for its global perspective and academic rigor, this program seamlessly integrates cutting-edge theories with practical applications in the dynamic field of international finance.

Led by esteemed faculty, students gain invaluable insights through real-world case studies, preparing them for leadership roles in the ever-evolving financial landscape. Join a diverse and dynamic community at HEC Paris, where aspiring professionals build the skills and knowledge necessary to excel in the intricate world of international finance.

3. ESSEC Business School

Consistently ranked as one of the best Masters in Finance in the world – #3 Financial Times-, it is designed for high potential students who want to pursue a career in Corporate Finance, Financial Markets, FinTech, Asset and Portfolio Management, Risk Management; and occupy positions in investment banks and most prestigious financial institutions.

CFA partner, full-time format, career-oriented, in-depth technical and internationally focused program, with study trips to major financial centers: London, New York, Hong Kong.

Official Master Degree, recognized and accredited by French Government.

4. SKEMA Business School

The MSc in Financial Markets & Investments is a dynamic finance program designed to mirror the ever-changing landscape of international finance. It adopts a practical teaching approach, providing students with custom-made academic environments to excel in various market finance roles.

The program equips students with practical expertise in trading, risk management, ethics, compliance, sales, private and investment banking, and sustainable finance. With a focus on market orientation and practical skills, graduates are prepared to make an immediate impact in their careers.

The curriculum, built on four pillars, covers macro and micro-economics, financial asset knowledge, quantitative tools, and advanced methods in financial markets. Access to Bloomberg terminals enhances students’ understanding of real-time market dynamics, preparing them for a seamless transition into the industry.

5. IE Business School

IE Business School’s Master in Finance program is tailored for the fast-paced world of international finance, emphasizing practical skills and market orientation. With a customized academic environment, students gain expertise in trading, risk management, ethics, compliance, sales, private and investment banking, and sustainable finance.

Graduates are well-prepared for immediate impact in diverse financial roles. The curriculum’s four pillars cover macro and micro-economics, financial asset knowledge, quantitative tools, and advanced methods in financial markets. Access to Bloomberg terminals provides real-time market insights, facilitating a smooth transition into the industry.

6. EDHEC Business School

EDHEC’s Masters in Finance programmes are designed specifically for graduates in numerous disciplines who want to pursue a career in international finance, including green finance, which offers solutions to the challenges of climate change. You can study for an MSc as part of your Master in Management dual degree programme or choose from one of our five Master’s in Finance degrees.

7. SDA Bocconi School of Management

The Master in Corporate Finance (MCF) is an intensive and stimulating one-year program in English, offering 70 CFU credits, designed to provide you with the knowledge and skills to master the techniques and tools of international finance management and to drive innovation, whether you work for a company or an institution. We train an élite of highly skilled finance professionals, well-equipped to take their future career to the highest levels.

8. Esade Business School

9. Stockholm Business School

The Master in Finance program at Stockholm Business School is a dynamic and prestigious graduate program designed to equip students with the skills and knowledge needed to excel in the world of finance. Located in one of Europe’s most vibrant and innovative cities, this program offers a unique blend of academic excellence, industry relevance, and a global perspective.

Its Master in Finance program is characterized by its rigorous curriculum, which covers a wide range of finance topics, from financial markets and investment analysis to risk management and financial modeling. Taught by a faculty of accomplished experts, students benefit from cutting-edge research and practical insights that prepare them for the challenges of the finance industry.

10. WHU – Otto Beisheim School of Management

The Master in Finance (MIF) program at WHU – Otto Beisheim School of Management is a prestigious and comprehensive graduate program designed to equip students with the knowledge, skills, and practical insights necessary to excel in the field of finance. Rooted in academic excellence and industry relevance, this program is a gateway to a successful career in finance.

At WHU – Otto Beisheim School of Management, the MIF program stands out for several key reasons. First and foremost is our unwavering commitment to academic rigor. The curriculum is thoughtfully crafted to encompass a broad range of finance topics, from financial markets and investment analysis to risk management and financial modeling. Our world-class faculty, composed of distinguished experts, ensures that students receive cutting-edge insights and practical knowledge.

11. Nova School of Business and Economics

The Nova School of Business and Economics (Nova SBE) offers a one-year (or one and a half) Master’s in Finance (MIF) program designed to equip students with a comprehensive understanding of finance principles. The program covers essential topics in financial markets, corporate finance, investments, and risk management. With a strong international focus and a distinguished faculty, Nova SBE’s MIF program provides students with valuable insights into the global financial landscape, preparing them for successful careers in finance and related fields.

FAQs about MiF in Europe

A MiF program is a specialized master’s degree that focuses on advanced financial concepts, tools, and techniques. It prepares students for careers in various sectors of the finance industry, such as investment banking, asset management, corporate finance, and more.

European MiF programs are renowned for their academic rigor, international exposure, and strong ties to the finance industry. Europe offers diverse cultural experiences and access to global financial markets.

You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).

The choice of program depends on your career goals, preferences, and strengths. Universities such as London Business School, HEC Paris, and Frankfurt School are known for their strong MiF programs, but it’s important to research and find a program that aligns with your aspirations

Yes, many European MiF programs welcome international applicants. Make sure to check the specific requirements for international students on the program’s official website.

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