If you are planning to study Economics or Finance at a top graduate institution in Europe, this scholarship program is one of the most competitive and valuable options available.

Scholarship Summary Table

About CEMFI Master’s in Economics and Finance Scholarships

The CEMFI Graduate Program in Economics and Finance is a highly respected academic program based in Madrid, Spain. It is designed for students who want to build strong foundations in economics, finance, and advanced quantitative methods.

The program is taught by internationally recognized scholars and is known for its strong academic environment and excellent graduate placement record. Many alumni go on to successful careers in academia, research institutions, international organizations, and the financial sector.

To support talented students, CEMFI offers merit-based scholarships and tuition waivers to admitted candidates from all nationalities.

Scholarship Benefits

Students selected for funding may receive a combination of the following benefits:

General Benefits (All Students)

• Full or partial tuition fee waivers
• Academic merit-based financial support
• Reduced cost of study in Spain
• Access to additional institutional funding opportunities

Additional International Funding Packages

🇱🇦 Latin American Students (Fundación Carolina + BBVA)

• Monthly stipend of €900 for 22 months
• Round-trip economy flight ticket
• Medical insurance (excluding prescriptions)
• Full tuition coverage

🇹🇷 Turkish Students (BBVA Scholarship)

• Monthly stipend of €1,250 for 22 months
• Full tuition fee coverage

These packages are designed to make studying in Spain more accessible for international students from selected regions.

Eligible Study Programs

The scholarships are available for students admitted into:

• Master in Economics and Finance at CEMFI
• Related graduate-level economics and quantitative programs
• Full-time study programs only

Applicants must first gain admission before receiving funding consideration.

Who Can Apply?

The CEMFI scholarships are open to a wide range of applicants:

• Students of all nationalities
• International applicants encouraged
• Bachelor’s degree holders
• Full-time master’s applicants only

There are no strict nationality restrictions, making it a globally competitive opportunity.

Eligibility Requirements

To qualify for the scholarship, applicants must:

• Be admitted into the CEMFI Master in Economics and Finance program
• Hold a bachelor’s degree or equivalent qualification
• Enroll as a full-time student in Madrid, Spain
• Submit a complete application before the deadline
• Indicate interest in funding during the application process

Importantly, selecting the funding option does not reduce your chances of admission.

Scholarship Selection Criteria

The selection process is based primarily on academic merit. CEMFI evaluates candidates based on:

• Academic performance in undergraduate studies
• Strength of academic background in economics or quantitative fields
• Research potential and analytical ability
• Overall application quality

Because funding is merit-based, strong academic credentials significantly increase your chances.

Application Deadline

• Deadline: 31 January 2027
• All application materials must be fully submitted by this date
• Late or incomplete applications will not be considered for funding

Early submission is strongly recommended to avoid technical or document delays.

How to Apply for CEMFI Scholarships

Follow these steps to apply successfully:

Step 1: Apply for Admission

First, submit your application to the Master’s in Economics and Finance at CEMFI.

Step 2: Select Funding Option

During the application process, tick the checkbox indicating that you wish to be considered for financial aid.

Step 3: Submit Required Documents

Ensure your application includes all academic transcripts, CV, and supporting documents.

Step 4: Wait for Admission Decision

Only admitted students are considered for scholarships and tuition waivers.

Step 5: Receive Funding Notification

Successful candidates will be informed of their scholarship package after admission.

Check in here for more details.

Why Study at CEMFI?

Studying at CEMFI offers several advantages:

• Strong academic reputation in economics and finance
• High-quality teaching from leading researchers
• Competitive international graduate environment
• Excellent career placement outcomes
• Access to research-focused learning opportunities in Madrid

This makes it one of the most attractive destinations for economics students in Europe.

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