Sunday, November 23, 2008

Scholarships for the Graduate Program in Economics and Finance

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

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:

Application has to be received by 6. April 2009.