INTERNATIONAL

MSc IN

Finance

Application round:
Round 1
(Starting from)
13250
Language
English
Location
On Campus
Intake
Late August
Type of Study
Face-to-face
Format
Full time
Language
English
Location
On Campus
Intake
Late August
Type of Study
Face-to-face
Format
Full time

Top Business School in Europe and #1 in Portugal!

This program will enable you to develop a solid knowledge, and analytical and problem-solving competencies in the financial area, in a fully international learning environment.

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Angel de Oliveira, Hedge Fund Finance Associate at iCapital, Lisbon

It is more than a Master’s in Finance program, it is a life-changing experience with remarkable professors, a challenging environment and sophisticated knowledge that went far beyond my expectations.
‍Master’s in Finance 2019
Nova SBE CEMS MIM is part of the alliance of 33 Business Schools among the best worldwide

(10 CEMS schools in the Financial Times TOP 20 Master's in Management).

About the program

#international
#analytical
#problemSolving

• Solid knowledge, analytical and problem-solving
• Our Top 10-rated Finance Faculty incorporate the latest research findings in their curriculum and
have publications in the Top 3 journals in Europe

100
%
working within
6 months
68.4
%
have an
International career

Explore your path,
customize your future.

Graph legend:
Mandatory Modules
Mandatory Courses
Electives to choose

Structure & Schedule

Year 1
(60 ECTS)
Fall
Microeconomic Analysis
(7 ECTS)
Macroeconomic Analysis
(7 ECTS)
Econometrics
(7 ECTS)
STATA Module
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Macroeconomics or Mircroeconometrics
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Year 1
(60 ECTS)
Fall
Mandatories & Electives
(28 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Mandatories & Electives
(28 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Year 1
(60 ECTS)
Fall
Investments
(7 ECTS)
Empirical Methods for Finance*
(3.5 ECTS)
Financial Modeling*
(3.5 ECTS)
Corporate Finance
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Spring
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
IMF Career Program
(2 ECTS)
Exclusive Language Courses
Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Year 1
(60 ECTS)
Fall
Mandatories & Electives
(28 ECTS)
Spring
Mandatories & Electives
(28 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.
Internship Project (individual)
Work Projects with an international scope conducted during an internship or a job.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Exclusive Language Courses
Exclusive Career Support
Compulsory Internationalization Requirement
Year 1
(60 ECTS)
Fall
Investments
(7 ECTS)
Financial Modeling*
(3.5 ECTS)
Empirical Methods for Finance*
(3.5 ECTS)
Corporate Finance
(7 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Year 1
(60 ECTS)
Fall
Entrepreneurship with impact
(7 ECTS)
Entrepreneurial Journey
(3.5 ECTS)
Becoming a Change Maker
(3.5 ECTS)
Opportunity Identification
(3.5 ECTS)
Innovation for Impact
(3.5 ECTS)
Elective
(3.5 ECTS)
Applied Research
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Entrepreneurial Project; Innovation Project
(7 ECTS)
Metrics that Matter
(3.5 ECTS)
Data Science for Impact
(3.5 ECTS)
Mandatories*
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

The Work Project will be based on the students’ ideas to tackle grand challenges. It can be their own social venture or an innovative solution to implement within an existing organization.

Year 1
(60 ECTS)
Fall
International Relations and Organizations
(3.5 ECTS)
Public Policy I
(3.5 ECTS)
Markets, Incentives and Behavior
(3.5 ECTS)
Development Economics I
(3.5 ECTS)
Statistics for Policy Action
(3.5 ECTS)
Policy Appraisal
(3.5 ECTS)
Management
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Development Economics II
(3.5 ECTS)
Public Policy II
(3.5 ECTS)
Politics for Policy
(3.5 ECTS)
Policy Evalation for Public Policy
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Policy Analysis exercise
(3.5 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

Year 1
(60 ECTS)
Fall
Introduction to Python for Data Analysis
(3.5 ECTS)
Data Curation for Business Analytics
(3.5 ECTS)
Research Methods for Business Analytics
(3.5 ECTS)
Data Visualization for Business Analytics
(3.5 ECTS)
Digital Strategy and Markets
(3.5 ECTS)
Optimization
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Mastering Your Career
(2 ECTS)
Spring
Data Ecosystems and Governance in Organizations
(3.5 ECTS)
Elective
(3.5 ECTS)
Machine Learning
(3.5 ECTS)
Elective
(3.5 ECTS)
Digital Experimentation & Causal Analysis
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Elective
(3.5 ECTS)
Skills Accelerator Modules
(2 ECTS)
Year 2
(30 ECTS)
Fall
Work Project
(30 ECTS)

Available formats:

Field Lab
Focus on an existing local real-world problem of a more applied nature and propose solutions.

Directed Research Internship
Carry out a problem-based issue to help address an identifiable problemin a company setting.

Directed Research
Showcase knowledge and expertise by investigating a research problem ofscientific nature.

+ 3rd Language: level A1/A2 (only required at the end of the 2 years)
(Example: 60h Course in A1/A2 from selected institute such as Cervantes, Goethe, etc.)
The area of expertise in Hospitality & Customer Experience also includes a complementary innovation program that will guide students on an entrepreneurial journey where they can develop creativity and their entrepreneurial skills, develop their own projects, and even potentially start their own businesses.
Workstreams

Workstreams allow students to specialize in specific areas while taking core subjects. They follow a set study plan, often linked to a final Work Project. The first two semesters cover essential management disciplines and workstream-specific subjects, while the third semester focuses on the Work Project under expert supervision. Applications for workstreams must be made during the application process, and spots are limited.

Hospitality & Customer Experience, managed by Nova SBE Westmont Institute Tourism & Hospitality
Integrated Marketing Communications
Luxury Management

Choose your Electives

The 35 ECTS that need to be fulfilled with Electives can be completed through an Area of Expertise.

Popular Electives

Discover some of the most popular electives:

  • Advanced Financial Transactions in M&A
  • Applied Corporate Finance
  • Asset Management
  • Corporate Valuation
  • Financial Statement Analysis
  • Fintech Ventures
  • Impact Investments
  • Introduction to Programming
  • Private Equity
Explore the program brochure to learn more about all available options.
Areas of Expertise
Corporate Finance

Develop the analytical and practical skills needed for a career in investment banking, private equity, venture capital, auditing, or financial consulting. This specialization combines strong technical foundations with strategic insight, preparing you to make high-impact financial decisions.

Financial Markets

Deepen your understanding of financial markets and prepare for a career in investment banking, asset management, or portfolio risk management. This specialization combines financial theory with practical applications, helping you interpret market behavior and make informed investment decisions.

  • Advanced Financial Transactions in M&A
  • Algorithmic Governance
  • Applied Corporate Finance
  • Asset Management
  • Auditing
  • Banking
  • Behavioral Finance
  • Blockchain Fundamentals
  • Climate Finance
  • Computational Thinking and Data Science (includes Applied Statistics)
  • Corporate Governance
  • Corporate Valuation
  • Credit Risk
  • Data Science for Finance
  • Data Visualization
  • Decentralized Finance
  • Derivatives
  • Energy and Climate Change
  • Entrepreneurial Finance & Venture Capital
  • Finance and the Transition to Net Zero
  • Financial Crises in History
  • Financial Intermediation
  • Financial Reporting
  • Financial Statement Analysis
  • Fintech Ventures
  • Fixed Income
  • Fundamentals on Environment and Sustainability
  • Futures and Options
  • Game Theory
  • Hedge Funds
  • Impact Investments
  • Introduction to Machine Learning
  • Introduction to Programming
  • Investment Philosophies
  • Islamic Finance
  • Macroeconometrics
  • Macroeconomics of Financial Markets
  • Marketing Analytics
  • Microeconometrics
  • Network Analytics
  • Nova Students Portfolio
  • Personal Finance
  • Private Equity
  • Real Estate Finance
  • Research Methods for Finance
  • Risk Management
  • Sovereign Advisory
  • Strategic Costing
  • Strategic Planning and Control
  • Sustainability Evaluation of Policies, Plans and Projects
  • Sustainable Finance
Areas of Expertise
Available to choose
  • Advanced Financial Transactions in M&A
  • Algorithmic Governance
  • Applied Corporate Finance
  • Asset Management
  • Auditing
  • Banking
  • Behavioral Finance
  • Blockchain Fundamentals
  • Climate Finance
  • Computational Thinking and Data Science (includes Applied Statistics)
  • Corporate Governance
  • Corporate Valuation
  • Credit Risk
  • Data Science for Finance
  • Data Visualization
  • Decentralized Finance
  • Derivatives
  • Energy and Climate Change
  • Entrepreneurial Finance & Venture Capital
  • Finance and the Transition to Net Zero
  • Financial Crises in History
  • Financial Intermediation
  • Financial Reporting
  • Financial Statement Analysis
  • Fintech Ventures
  • Fixed Income
  • Fundamentals on Environment and Sustainability
  • Futures and Options
  • Game Theory
  • Hedge Funds
  • Impact Investments
  • Introduction to Machine Learning
  • Introduction to Programming
  • Investment Philosophies
  • Islamic Finance
  • Macroeconometrics
  • Macroeconomics of Financial Markets
  • Marketing Analytics
  • Microeconometrics
  • Network Analytics
  • Nova Students Portfolio
  • Personal Finance
  • Private Equity
  • Real Estate Finance
  • Research Methods for Finance
  • Risk Management
  • Sovereign Advisory
  • Strategic Costing
  • Strategic Planning and Control
  • Sustainability Evaluation of Policies, Plans and Projects
  • Sustainable Finance
Corporate Finance
Mandatory Courses
Selectable Electives
  • Advanced Financial Transactions in M&A
  • Applied Corporate Finance
  • Auditing
  • Banking
  • Blue Finance
  • Corporate Governance
  • Corporate Valuation
  • Credit Risk
  • Entrepreneurial Finance & Venture Capital
  • Finance and the Transition to Net Zero
  • Financial Intermediation
  • Financial Reporting
  • Financial Statement Analysis
  • Fintech Ventures
  • Impact Investments
  • Islamic Finance
  • Private Equity
  • Private Equity and Financial Restructuring
  • Strategic Costing
  • Strategic Planning and Control
  • Sustainable Finance
Financial Markets
Mandatory Courses
Selectable Electives
  • Asset Management
  • Behavioral Finance
  • Blue Finance
  • Corporate Valuation
  • Credit Risk
  • Derivatives
  • Finance and the Transition to Net Zero
  • Financial Statement Analysis
  • Fixed Income
  • Futures and Options
  • Hedge Funds
  • Investment Philosophies
  • Macroeconomics of Financial Markets
  • Nova Students Portfolio
  • Risk Management
  • Sustainable Finance
Mandatory Courses
Selectable Electives
Mandatory Courses
Selectable Electives
Mandatory Courses
Selectable Electives
Mandatory Courses
Selectable Electives
Mandatory Courses
Selectable Electives
Mandatory Courses
Selectable Electives
Mandatory Courses
Selectable Electives
Mandatory Courses
Selectable Electives
Mandatory Courses
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Mandatory Courses

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* Program may be subject to changes.

Awards

Nova SBE, in partnership with different national and international entities, annually rewards the students' academic achievements.

Income Share Agreement

Aims to support Portuguese students accessing learning programs by paying the tuition fee, which students will only reimburse when they start working.
Professional practice as a plus in your Curriculum Vitae
Nova SBE is a member of the CFA® Institute University Affiliation Program, which is a relevant addition to a student’s Curriculum Vitae when applying for top-tier finance firms. This status is granted to higher education institutions whose degree programs incorporate at least 70 % of the Level I CFA® Program Candidate Body of Knowledge (CBOK), thus providing students with a solid grounding in the CBOK and helping them obtain their Chartered Financial Analyst designation.

The CFA® recognition signals potential students, prospective employers, and the marketplace that Nova SBE Master’s in Finance curriculum is closely tied to professional practice.

Nova SBE offers a unique opportunity to prepare for the internationally recognized CFA® exams during the degree. ​The scholarships reduce fees to 350$ (saving at least 800$ per exam).

Class Profile

2025/2026
515
Students
71
%
International Students
35
Nationalities
22
Average Age
30
%
Female
70
%
Male

Academic Background

85.4
%
Business & Management
10.3
%
Social Studies
1.7
%
Applied & Pure Sciences
1.6
%
Engineering
0.8
%
Computer Science & IT
0.2
%
Humanities
%
Law
%
Media
%
Health & Medicine

Fees & Scholarships

Master's

Regular track

1.5 years
13250
Non-EU/EEA students:
14450
Enrolment in the Master’s program becomes effective after the payment of a 1250€ (EU/EEA)/2350€ (non-EU/EEA) non-refundable fee which will be deducted from the total tuition fee
Additional fees:
- Administrative costs €36.5 (includes school insurance)
- Master's Certificate €50
- Master's Diploma ("Carta de Curso") €120
Addon
+ 0.5 years

Exchange Semester

+
3300
The application for the exchange semester will occur in the students' academic period at Nova SBE.
Addon
+ 0.5 years

Double Degree

+
4250
The application for the exchange semester will occur in the students' academic period at Nova SBE.
Addon
+ 0.5 years

CEMS MIM

+
8750
Enrolment in the CEMS MIM program becomes effective after the payment of an additional 1500€ non-refundable fee which will be deducted from the tuition fee.
Addon

Double Degree w/ Maastricht SBE

+
Enrolment in the Double Degree program becomes effective after the payment of an additional 1500€ non-refundable fee which will be deducted from the tuition fee.
Addon
+ 0.5 years

Double Degree w/ NYU Tandon

Fees available here
Enrolment in the Double Degree program becomes effective after the payment of an additional 1500€ non-refundable fee which will be deducted from the tuition fee.

Scholarships

These are some of the scholarships available to the students for the Master’s in BusinessAnalytics:

  • Nova SBE Continuity Scholarship
  • Nova SBE Social Continuity Scholarship
  • Nova SBE Merit Scholarship
  • Accenture Scholarship
  • André Sousa Bessa Scholarship
  • António Srrenho Scholarship
  • Banco Primus Scholarship
  • Deloitte Scholarship
  • Explorer Excellence Scholarship
  • KPMG Scholarship
  • McKinsey First GenerationScholarship
  • McKinsey Women in Leadership Scholarship
  • NOVAFRICA Scholarship
  • Santander Apoio Universitário Scholarship
For more information, check out our website.

Life @ Nova SBE

We have a dedicated team to help you navigate our Nova Way of Life and help you with:

Getting started

Visas
Accommodation​
Transportation​​
Living Costs​​
What to do​​
Life at Nova SBE Guide​​

Well-being

World Mental Health Day​
Well-being week​​
Well-being workshops​
Well-being resources Thrive
Mindfulness​
Peer Tutoring Program​
Special educational needs​
Counselling / Coaching​
Psychotherapy CUF or SASNOVA​
Redefining campus life

Clubs & Students' Union

We have 30+ clubs that go beyond their traditional role to boost student engagement on campus, which is often the catalyst for a positive student experience.

Nova SBE Students’ Union was born with a mission: to represent all Nova SBE students. Itoffers the best events, initiatives, student clubs, and some of the best sports teams inuniversity championships.

Campus

Nova SBE

Our campus in Carcavelos is built to provide you with the best academic experience! Here, you can find everything, from restaurants and a grocery store to a gym, bank, and even a health clinic.

Student residencies
Tunnel
(from the campus to the beach)
FNAC store
Fitness Hut Gym
Private medical Clinic
(CUF)
Mon Café Coffee Shop
Café Joyeux
3 restaurants
Rooftop bar
(with a beach view)
Pingo Doce Supermarket
(the first in Portugal without cashiers)
3 studios available
(for recording videos, podcasts, voice-overs)

Your future career

Nova SBE Master’s students have a dedicated Careers Services team to help with placement and aspirations.

As a Master’s student you will have access to:

Dedicated careers team

Exclusive career program aiming at international placement, with a dedicated career counselor

Mastering your Career Program

a series of workshops and career events that will help you acquire market knowledge and set your personal and professional goals

Individual counselling sessions

you’ll be accompanied by a dedicated Career Counsellor who will support you in defining your career goals and preparing for recruitment processes

Career Fairs

each year, there are two Career Fairs on campus to meet and network with recruiters from leading national and international companies

Career Events

activities both on-campus (company presentations, business challenges, networking opportunities) and off-campus (company visits, online presentations).

Meet the Market

this module connects students with companies who operate inspecific industries of their interest

Careers@

visits to companies of a specific geography, so that students connectwith these companies and understand how it is to work in this specific location

Career Center by JobTeaser

the Careers @ Nova SBE portal by JobTeaser connects students to the marketplace, by providing access to Job Offers, Events, Counselling, and Career-related resources

Special Mentoring program

our Mentoring program connects experienced Nova SBE Alumni with students with the goal of guiding them on the transition from academic life to the job market

Top recruiters

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Fast FOrward To Your Future

Application round:
Round 1
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