Introduction to MIF at Nova SBE
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.
650+
Avg. GMAT
3
Semesters
€13,250
Avg. Cost of Study
16
Months Duration
€55,000
Avg. Salary
Why Study MIF at Nova SBE
11
FT Rankings
Students choose the Nova School of Business and Economics (Nova SBE) Master’s in Finance (MIF) program for several compelling reasons. Firstly, Nova SBE is renowned for its academic excellence and is consistently ranked among the top business schools in Europe. The MIF program benefits from this reputation, offering a rigorous curriculum taught by experienced faculty members who are experts in the field of finance.
Secondly, Nova SBE’s MIF program provides a global perspective on finance, preparing students for a career in the international financial industry. The program typically emphasizes experiential learning opportunities, such as internships and real-world projects, which provide students with practical skills and exposure to the latest industry trends. Additionally, the school’s location in Lisbon, Portugal, offers students a unique gateway to both European and global financial markets, enhancing networking opportunities and career prospects.
Furthermore, Nova SBE’s commitment to innovation and sustainability aligns with the evolving landscape of finance, making it an attractive choice for students seeking a forward-thinking and socially responsible approach to the field. Overall, Nova SBE’s MIF program combines academic excellence, international exposure, and a commitment to innovation, making it a compelling choice for aspiring finance professionals.
Program Costs + Living Expenses : MIF at Nova SBE
€ 13,250
Avg. Cost of Tuition
+
€ 12,000
Avg. Living Cost/Quarter
Avg. Cost of Study
Fees: In addition to paying tuition, students must also pay fees. These fees pay for a range of costs, including student government dues, technology fees, and health insurance for students.
Living costs: Living costs change based on the lifestyle and housing preferences of the student. For a single student living on campus, however, a conservative estimate of living costs is €12,000 each quarter. Housing, food, transportation, personal, and health insurance costs are included in this.
Supplies and books: The price of books Depending on the student’s course load and academic interests, the cost of books and supplies may vary. However, $500 each quarter is a fair estimate for books and supplies.
Transit: Depending on the student’s commute requirements and available transit options, the cost of transportation varies. However, $200 each quarter is a fair estimate for transportation.
Additional costs: Additional costs could include things like entertainment, travel, and presents. Depending on the student’s particular spending habits, the price of these expenses may vary.
Employment Prospects : MIF at Nova SBE
Employed within 6 months of graduation
Avg. Salary
Most Sought-after Jobs
Investment manager.
Change management engineer
Fashion retail project manager
Capital markets analyst
Consultant
Mergers and acquisitions (M&A)
The Nova School of Business and Economics (Nova SBE) Master’s in Finance (MIF) graduates are highly sought after in various industries, and their career prospects are promising. Here’s a modified overview of potential career paths for Nova SBE MIF graduates and the associated average salary:
Finance: Nova SBE MIF graduates are in high demand in the finance industry, where they can leverage their skills to analyze financial data, make projections, and manage investment portfolios. Prominent financial institutions such as Goldman Sachs, Morgan Stanley, and JP Morgan Chase often recruit Nova SBE MIF graduates. The average salary for Nova SBE MIF graduates in finance can range from €40,000 to €70,000 per year, depending on factors like location, experience, and role.
Consulting: Nova SBE MIF graduates are well-equipped for careers in consulting, where they excel in helping clients address complex business challenges. Consulting firms such as McKinsey & Company, Bain & Company, and Boston Consulting Group actively hire Nova SBE MIF graduates. Salaries in consulting vary but typically start in a similar range to finance, with potential for rapid increases based on performance.
Technology: Nova SBE MIF graduates may find opportunities in the technology sector, where they can lead teams, develop products, and solve technical problems. Tech giants like Google, Facebook, Apple, and Amazon are open to hiring finance professionals with strong analytical skills. Salaries in technology can be competitive, with significant variations depending on roles and locations.
Sustainability and Energy: Nova SBE MIF graduates with an interest in sustainability can contribute to addressing environmental challenges and managing sustainable businesses. Companies like Tesla, Beyond Meat, and General Electric may offer roles related to sustainable finance and management. Salaries in the sustainability and energy sectors can be competitive and often align with industry standards.
Healthcare: While Nova SBE’s MIF program primarily focuses on finance, graduates with an interest in healthcare may find opportunities to apply their financial skills in healthcare organizations such as Johnson & Johnson, Pfizer, and Abbott Laboratories. Salaries in this sector can vary widely depending on roles and responsibilities.
Eligibility Criteria for MIF at Nova SBE
Academic Qualifications:
From bachelor’s programs with a strong quantitative background. For those with limited quantitative skills, it will be mandatory to attend bridging courses in August.
They look for a practical approach designed to gain the necessary theoretical knowledge and hands-on skills for a successful career in the world of finance.
Aim to develop a solid knowledge, analytical and problem-solving competencies in the financial area
Documents required : MIF at Nova SBE
- Online Application: Students have to submit an online application form at the official website.
- Application Fee: Students need to submit their application fees.
- Statement of Purpose: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
- 3 Letters of Recommendation: Three letters of recommendation are required; one letter must come from an academic source, although Stanford prefers at least two. Recommendations must be submitted online.
- Official GRE Test Scores: Students have to submit their GRE Test Scores.
- ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.
Wondering if you can target this school?
Free Profile Evaluation Workshop
Join our live workshop and
Get all your profile related questions answered.
Scholarships Available : MIF at Nova SBE
Nova SBE Continuity Scholarship
- The Nova SBE Continuity Scholarship is an initiative aligned with the social mobility policy of Nova SBE.
- This program allows students who finish their bachelor’s degree at Nova SBE and are admitted to one of its master’s programs to continue to have the possibility to enjoy an education of excellence, allowing the school to support more students by broadening the eligibility threshold of the Social Mobility Scholarship, facilitating access, promoting social mobility and increasing diversity among our students.
- Eligibility: Students who obtained a bachelor’s degree at Nova SBE and who were admitted toany master’s program at Nova SBE, and whose household gross income is less than 40 times the value of the IAS (Idexante dos Apoios Sociais – Social Support Index) of the same year (reference IAS 2023: 480,43 euros).2. Scholars at Stanford University
Stanford Knight-Hennessy
- A highly selective scholarship programme called Scholars offers outstanding graduate students from all across the world full financial support. Scholars are picked based on their academic prowess, capacity for leadership, and dedication to public service.
- To qualify, Students applying for the Stanford Knight-Hennessy Scholarship must have a high academic record, a commitment to public service that can be seen, and excellent letters of recommendation.
- There is no set subject of study requirement, and scholarships are given to pupils from all around the world.
Nova SBE Social Mobility Scholarship
- Financial constraints should not stop candidates from pursuing their dreams. Therefore, Nova SBE offers a social mobility scholarship for students with a proven need for financial aid.
- Eligibility: All candidates can apply for this scholarship, regardless of their country of origin. Value This scholarship can cover 20 %, 50 %, or 100 % of the tuition fee value of the Master’s program. When a student is granted different scholarships within Nova SBE, the funding cannot exceed 70 % of the total amount of the tuition fee for the Master’s program, except in cases where the funding comes entirely from a 100 % social mobility scholarship.
Specializations & Electives Offered
- Algorithmic Governance
- Applied Corporate Finance
- Asset Management
- Auditing
- Banking
- Behavioral Finance
- Blockchain Fundamentals
- Computational Thinking and Data Science (includes Applied Statistics)
- Corporate Governance
FAQs About MIF
My undergraduate degree is not in this discipline. Am I eligible to apply?
You are eligible to apply if you have earned a Bachelor of Science in a similar science discipline, but you may be at a disadvantage compared to engineering majors who have applied. Please thoroughly review the requirements of the program in the MSME Graduate Handbook to help you decide if you are prepared for our program.
I am currently getting my BS degree. Can I apply for the PhD program?
Yes. Students with a BS degree are eligible to apply to the PhD program.
Are internships considered as work expereince?
You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).
