Official Degree Title: Master's Degree in Wealth and Financial Management
Requirements: Bachelor's Degree/Degree in Business Administration, Economics, Finance, and related areas. Also other studies, like Mathematics, Physics and social degrees, after having previously completed the corresponding preparatory courses
Credits: 60 ECTS credits (6 credits are for the Master's thesis)
Duration: 1 academic year
Practical work: compulsory internships in companies: 6 credits
Academic calendar: October to June
Timetable: afternoons from Monday to Friday
Objectives of the degree
With a markedly professional orientation, the Master's Degree in Wealth and Financial Management, taught in collaboration with the IEF (Institute of Financial Studies), is the only official Master's Degree in Spain that prepares jointly to pass the theoretical exams of the professional certifications European Financial Advisor (EFA) and European Financial Planner (EFP) offered by the EFPA (European Financial Planning Association). These certifications have become professional qualification standards in the field of finance and asset management.
The EFPA is a European association of finance professionals, the first created in Europe with the express purpose of increasing professionalism in the European financial services sector. It is the largest and most respected European association for professional certification and issuance of quality standards for professionals in planning, analysis, and financial advice.
The main distinctive and valuable elements of the Master are the following:
- Unique in Spain with a preparation with guarantees for the passing of the theoretical examinations of the professional certifications EFA (European Financial Advisor) and EFP (European Financial Planner), standards in the investment institutions and banking services for the exercise of the wealth advice and the management of portfolios in the field of Private Banking.
- Training in the field of Corporate Finance, Private Equity and Venture Capital.
- It includes compulsory internships in financial institutions and companies, which allow students to effectively put into practice the concepts studied in class.
- In December 2017 the Master was accredited by the CNMV (Spanish National Securities Market Commission) as a University Master that meets the requirements for the provision of advisory services and information by the staff of the entities that provide financial services (Guide Technical 07/2017 of the CNMV, according to the European Union directive MiFID II - Markets in Financial Instruments Directive II).
Skills to be acquired
The objective of the Master in Wealth and Financial Management is to prepare professionals capable of assuming technical and managerial functions in the main professional areas of finance:
- Management, wealth advice, and planning of investments in credit institutions and Private Banking organizations. The Master offers knowledge to design an optimal wealth management:
- Considering its risk and profitability profile, integrating all possible contingencies.
- Advice on all types of financial products for the design of a portfolio, including fixed income, equity products, derivatives, investment funds, alternative investments (real estate, commodities, etc.), pension funds or succession protocols.
- The foregoing is done always taking into account the applicable legal and tax framework, as well as all the variables of the environment to be considered in order to optimize portfolio management and asset advice.
- Operations in financial markets.
- Model different fixed income, equity, currency or derivative transactions for their correct implementation.
- Design of simple and structured financial products as well as portfolios and investment funds attending to the profitability/risk binomial.
- Advice based on both technical and fundamental analysis, in the case of equity or fixed income investments (interest rates, duration, convexity, etc.) or derivative valuation methods.
- Workplaces related to Corporate Finance and Investment Banking, as well as Private Equity/Venture Capital activities.
- Carrying out tasks aimed at valuing companies for purchasing, auditing, etc.
- Advice on merger and acquisition operations.
- Establish the capitalization, dividend, and debt policies that are most appropriate for the company.
- Select the most suitable financing instruments for the company according to the operations to be considered, being able to determine its risk and adaptation to the operations.
Furthermore, it is the goal of this Master's program to prepare students to be able to obtain, with guaranteed success during the course of the program, the EFA (European Financial Advisor) professional certification, issued by the EFPA (European Financial Planning Association), under the accreditation of the IEF (Financial Studies Institute).
Acceptance to Master's degree programs
In addition to the university degree required, the student profile of the Master is a person with an interest in:
- Act as professional advice in the field of investment and finance.
- Learn, develop and interpret existing financial instruments and their different markets and legal framework.
- Knowing the functioning of the financial system and its institutions.
These are people who wish to obtain the capacity to make decisions aimed at financial nature:
- Design, analyze and manage investment portfolios for both private customers and companies, through private banking services or personnel.
- Making investment decisions and financing in the business managing area and investment banks.
The Master in Wealth and Financial Management is aimed at graduates of the Administration and Business Management, Economics, Finance, and Accounting degrees and related degrees, with or no previous job experience. Students interested in finance from other degrees (from the scientific field, such as Engineering, Mathematics or Physics, or from the social field) can also access, after completing the additional training courses established by the Admissions Commission.
In order to access the Master's Degree in Investment Analysis and Banking, you must hold a Spanish or other university qualification issued by a higher-education institution of the European Higher Education Area (EHEA) accrediting access to master's level programs in the country in which it was issued.
Students with degrees issued outside the EHEA will also be able to enroll in the master's degree without the need to validate their undergraduate coursework after IQS has ensured a level of education equivalent to the corresponding officially recognized Spanish University degree. The country issuing the qualification must be capable of issuing access to graduate level studies. Access via this route will by no means require validation of the qualification of the person interested and its recognition will not be used for any other purposes than for the enrollment in a master's program.
The Permanent Committee of the Academic Board, which examines each applicant and establishes the recognition of credits, will handle the admission of students from any national or foreign University system, that have studied at the undergraduate level within the EHEA framework.
In the case of students from EU member states, or from countries with which Spain has established international agreements, students are required to have a qualification enabling them to undertake graduate level University studies in their home country. Students from outside of the EU, or from countries that do not have an established agreement with Spain, must have passed the corresponding University entrance exam.
Students must have earned all the credits undertaken in order to obtain a master's degree.
During the academic year, students will normally have two opportunities to pass exams: in January and in July – for the first semester subjects – and in June and in July – for the second-semester subjects, or for subjects that last two consecutive semesters.
If a student does not pass an exam on the second attempt, two additional opportunities will be allowed. In the event that the student still has not obtained a pass in the subject, they can apply to the Permanent Committee of the Academic Board for a final opportunity to take the exam, justifying their position. The Permanent Committee of the Academic Board may complement this information by consulting the master's coordinator. If a student does not obtain a pass after having been granted an extra opportunity to take the exam, they will have to abandon the master's program.
The professional orientation of the Master in Wealth and Financial Management and its advanced technical content in finance opens a wide catalog of professional profiles with a wide variety of functions.
The Master prepares the student to assume financial positions of responsibility, after a reasonable period of professional experience.
The main professional profiles associated with the content of the Master are the following:
- Wealth manager and financial advisor.
- Personal banking manager.
- Portfolio, investment funds or pension funds manager.
- Investment analyst.
- Market analyst.
- Operator in financial markets.
- Specialist in corporate finance operations.
The above activities are developed in the following types of companies:
- Financial institutions (banks, savings banks, credit cooperatives, etc.).
- Private Banking.
- Investment Banks.
- Securities and Stock Exchange Companies and Agencies.
- Portfolio and Investment Funds Management Companies.
- Financial Advisory Companies.
- Insurance companies.
- Family Offices.
- Venture Capital Funds.
- Departments of Private Equity, Venture Capital and Corporate Finance in strategic consulting companies and the financial sector.
Cet établissement propose des programmes en :
Mis à jour le November 13, 2018