CEMFI, Centro de Estudios Monetarios y Financieros

The Diploma in Banking supervision is a full-time program and lasts for one-term. The program is exclusively designed for new supervisors who join the Bank of Spain. Participants will gain the up-to date knowledge and practical tools needed to develop a career in the Bank and the Single Supervisory Mechanism of the European Central Bank. This Diploma is only available to people that have passed the first part of the public test for position of supervisor, of the Bank of Spain. The program is conducted in both English and Spanish, about one third will be taught in English. The courses that make up the program are as follows: economics of banking, corporate finance and company valuation, banking risk, business and banking law, economic analysis, quantitative methods and banking supervision.

CEMFI’s Master in Economics and Finance program equips students with a rock-solid foundation in Economics. Students benefit from a vigorous, cohesive and exciting academic setting in which they are able to lay the groundwork for a productive career. The Master in Economics and Finance is a two-year degree (120 ECTS). The program is divided into workshops, coursework, and writing of a Master thesis. The program is structured around coursework, participation in workshops, and the writing of a Master’s thesis. The academic year is structured into trimester terms. The covered in the programs are mathematics, statistics, microeconomics, macroeconomics and econometrics. Students will also take elective courses that complement their chosen field of specialization. The workshops are designed to help students learn how to read and discuss research and policy papers in applied economics. Students will also learn presentation skills. During the second year, students write a Master thesis on their field of interest. This is completed under the supervision of a faculty member.

The PhD in Economics program prepares students for successful careers in universities, academic centres, banks, public sector institutions or private sector institutions. Students enjoy an invigorating academic environment with approachable and encouraging faculty. The program is made up of a mixture of coursework and research. The typical period of study is five to six years. Reward for successfully completing the two stages are the degrees Master in Economics and Finance and PhD in Economics and Government. The first two years constitute the coursework stage. It is structured into coursework, workshops and the writing of a short thesis. During the summer of the first year, students can enrol in CEMFI’s research internship program. The research internship program covers a varied range of interests and fields in Economics. The research stage is subject to adequate performance in the first two years. With supervision from faculty staff, PhD students work towards their dissertation. The research stage supports the student in the move to becoming an independent researcher. Students participate in seminars, workshops, summer school courses, and conferences.