Post-experience master’s degree in finance
Navigating financial challenges.
Advancing financial education.
The Cambridge MFin will provide you with the tools to broaden your finance knowledge and develop your professional skills. You will emerge with the knowledge, confidence and connections to break through to the next stage of your finance career.
Tap into the resources of Cambridge Judge Business School, the University of Cambridge and an exceptional network of finance professionals.
The Master of Finance is a one year post-experience degree for finance professionals. It provides an academically rigorous and commercially relevant programme; enabling finance professionals to consolidate their existing experience, enhance their knowledge base and skills and to develop their future careers in finance.
Teaching focuses on the theory and practice of finance, drawing upon the highly successful education provided at Cambridge Judge Business School, as well as the University of Cambridge’s long heritage of teaching, research and innovation in finance and related disciplines. We have also built an excellent network of high profile finance practitioners and institutions who complement the teaching on the programme and provide exceptional networking opportunities to our students.
Entry into the degree is highly competitive, and students must have a strong academic record and at least two years of professional work experience in finance. The class is drawn from all over the world and from a wide range of academic and sub sectors of finance. Through this, students will benefit from learning alongside a high quality, diverse and professionally strong peer group who can offer support and stimulation throughout the one-year programme and beyond.
If you are interested in becoming a part of the MFin degree then please visit our website www.jbs.cam.ac.uk/mfin
Marwa Hammam and Pedro Saffi, MFin Co-Directors
" I had a clear vision of the type of postgraduate degree I was looking for; a top-tier university with ample resources and a diverse student body, a post-experience programme that would enable me to learn from experienced classmates, and a programme that would specifically enhance my finance knowledge and buy-side skills to facilitate my career transition.."
" The overall learning experience at Cambridge Judge’s Master of Finance program was truly unparalleled. The academically rigorous yet highly practical coursework, delivered by world-renowned faculty, fostered deep intellectual and professional growth with real-world applicability. Immersed in a vibrant community of industry leaders, accomplished alumni, and brilliant peers, I gained profound insights into the intricacies of global finance and access to invaluable connections worldwide."
Academically rigorous and commercially relevant, the Cambridge MFin will consolidate your existing experience and provide new insights.
Why the Cambridge MFin?
Experienced peer group
All MFin students have a minimum of two years postgraduation work experience in finance, which leads to a rich and diverse peer group.
Distinguished faculty
Our finance faculty are leaders in their fields and are at the cutting edge of financial research.
Lifelong networks
You’ll benefit from involvement in a wide range of networks at Cambridge Judge Business School and throughout the University of Cambridge. Students have access to an alumni network with strong links to the banking and finance industry and networking events take place throughout the year.
Collaborative learning
Is at the heart of the Cambridge Judge Business School ethos. The small class encourages discussion and the sharing of ideas.
Industry experts
Finance practitioners play a central role in the delivery of the programme, through teaching, seminars, speaker events and involvement in projects.
Personal and professional development
Through a series of lectures, simulations and workshops, students gain awareness of core business skills needed for a successful career in finance. Resources also comprise 1:1 careers consultations, workshops and seminars to develop skills such as career planning, job searching, interview practice, CV writing and networking.
Cambridge is a unique place that offers the chance to make long-lasting connections with industry leaders, academics and students at the forefront of finance and other disciplines
Cambridge Judge Business School
Home to the University’s Finance Teaching Group, the business school is a provider of high quality business and finance education. Students benefit from interaction with high profile speakers drawn from across business and a diverse pool of students from other teaching programmes.
University of Cambridge Departments
The University is home to dedicated departments in law, land economy, maths and economics that enable access to a broader study of finance as a discipline.
Cutting-edge research centres
The University is home to seven research centres dedicated to finance. High standards of research, knowledge-sharing and dialogue ensure enhanced teaching and intellectual discussion.
College life and Cambridge traditions
All MFin students become a member of one of the 31 Cambridge colleges. This provides the opportunity to be part of the community outside Cambridge Judge Business School. Clubs, societies, social events and sports are at the heart of the college experience.
Student groups and networks
Special Interest Groups and specialised student societies all offer opportunities to gain more experience in areas of particular interest. They are a forum for sharing ideas and expertise on a less formal basis.
CFA Programme Partner
The CFA institute recognises that the MFin covers a large part of the CFA level 1 curriculum. The partnership provides a small number of scholarships to MFin students. These cover the cost of registering for the CFA levels 1-3 exams. Scholarship recipients also benefit from access to study resources and events.
"
The condensed but comprehensive one-year MFin programme allowed me to accelerate my learning as well as tap into the wider Cambridge ecosystem, thus, broadening my network. The City Speaker series and other similar industry engagements, particularly the Group Consulting Project, were a great learning experience.."
A year at the University of Cambridge, a world-class centre of learning with an outstanding heritage in the research and teaching of finance.
The MFin is a full-time degree that starts in late September and runs for 12 months. All of the participants have at least two years prior work experience in a finance related role.
Teaching is delivered through a series of core and elective courses. You will experience a high level of interaction with finance practitioners through opportunities like the weekly City Speaker Series. You will then put learning into practice through projects.
Part of the MFin degree comprises non-financial material which enables you to broaden your experience at Cambridge beyond finance, develop your interpersonal skills and engage in various career development workshops.
Gain a rigorous grounding in the core concepts, an understanding of applied finance and the chance to integrate theory and practice.
Core courses, Elective courses and Assessment
Core courses The core courses provide the foundation to the MFin. They ensure that all students have a solid grounding in the financial theory, concepts and analysis expected of a master’s degree.
Elective courses Elective courses focus more on the practice of finance. Students will take seven elective courses which are taught in the second and third terms.
Assessment Assessment is achieved through a mix of exams, written assignments and presentations. Teaching is typically delivered through formal lectures, participative workshops and case learning. We want to foster a learning environment where ideas can be generated and discussed and we expect students to contribute actively to this environment.
Management Topics
A small part of the MFin syllabus is devoted to non finance topics which are relevant to people working in a finance role. The Management Lecture Series is a core course comprising a set of ‘bite-size’ seminars. Topics are chosen to illustrate the broader business and organisational context in which finance ideas are used. Management, Leadership and Ethics is a core course designed to help develop an understanding of self and others. Reflective approaches to team work and the practice of management are also covered.
Core courses
City Speaker Series
Econometrics
Economic Foundations of Finance
Financial Institutions and Markets
Financial Reporting and Analysis
Fundamentals of Credit
Introduction to Derivatives
Management Lecture Series
Management, Leadership and Ethics
Principles of Finance
Elective courses
Advanced Corporate Finance
Advanced Credit
Advanced Financial Accounting
Advanced Interest Rates Derivatives
Algorithmic Trading
Asian Capital Markets
Behavioural Finance
(course parented by the MBA Programme)
Blockchain and Digital Assets
Financial Entrepreneurial Acquisitions
Financial Innovation in Emerging Markets
(course parented by the MBA Programme)
Fixed Income Analysis
Further Econometrics: Time Series
Impact Investing and Finance: Applied Models
Infrastructure Finance
International Finance and Exchange Rates
International Macroeconomics and Finance
Liquid Alternatives and Hedge Funds
Machine Learning for Finance Practitioners
Mergers and Acquisitions
New Venture Finance
Private Equity
Quantitative Asset Allocation
Sustainable Finance
The Circular Economy
The Purpose of Finance
Topics in Investment Management
Venture Capital and the Entrepreneurial World
(course parented by the MBA Programme)
Wealth Management
*please note that the specific courses on offer are subject to change from year to year
Equity Research Project Working in groups, students research, write and present an investment thesis and recommendation on a listed company chosen by the MFin team. The report is designed to advise on the investment potential of that company and make an active recommendation to buy or sell shares in the company.
Group Consulting Project In teams, students spend a month working on a project for a client on a financial consulting topic. This provides students with the opportunity to complement their existing professional experience with the new knowledge they have acquired on the programme, while gaining hands on experience working on a real assignment for a host company. In previous years, GCPs were hosted by such companies as Amadeus Capital Partners, Barclays, BlackRock, CBRE, Citigroup, GIC, IMF/World Bank Group, Morgan Stanley, PWC and The United Nations.
Financial modelling This programme is intended to train students in financial model building best practice through a series of hands on exercises including the construction of a fully integrated model from scratch.
In the summer, you must undertake one of the following activities:
• A research or business/consulting project (individual or group, self-sourced or advertised through the programme).
• A choice of a number of elective courses.
• An internship or work placement. Students source their own internships based on their areas of interest.
• A summer programme at Tsinghua University, China.
• Take part in the International Business Study Trip (location to be confirmed)
Students are also required to complete a 1,000 word end of year report, reflecting on their MFin experience and learning outcomes.
"The alumni network is strong, and the business school's connections to various industries facilitate interactions with industry leaders and experts. The MFin regularly hosts speakers from various financial areas. These sessions are valuable as they offer insights into current industry trends, challenges, and opportunities.."
Our City Speaker Series brings a further stream of practical financial expertise and the opportunity to network with finance professionals.
The City Speaker series covers a wide range of finance subjects, institutions, product areas and roles. The subjects will be determined by the speakers themselves, with a focus on topical themes, deals and business problems that they have faced. The speakers are experts in their fields, working at the cutting edge of applied finance. The talk is followed by a Q&A session, and a small group of students then accompany the speaker for dinner at a Cambridge College.
Examples of previous speakers include:
• Paul Tucker, Partner Egerton Capital
• Anne-Marie Fleurbaaij, Managing Director and Co-Head of Marketable Investments, Makena
• Laurence Hopkins, Managing Director, Morgan Stanley
• Irina Kim, Director, Global Subsidiaries Group, Citi
• Laura Bottega, Managing Director Morgan Stanley
• Alex O’Cinneide, CEO, Gore Street Capital
• Amelia Armour, Partner, Amadeus Capital Partners
• Luigi Rizzo, Vice Chairman, Morgan Stanley
• Ravi Chauhan, Managing Director, Laeceum
• Chris Eagle, Partner, IVI Capital Management
• Rana Yared and Suranga Chandratillake, Partners, Balderton Capital
• Frederic Samama, Head of Strategic Development at Sustainable 1, S&P Global
• Kanwardeep Ahluwalia, Co-Head, Global Markets Risk, Bank of America
• Simbah Mutasa – Managing Director, Bank of America
• Juan Manuel Tellez, Vice President, Algorithmic and Automation Risk, BMO Financial Group
• Giulio Renzi, Head of Asset Allocation, Vanguard Europe
• Steve Harvey, Founder and Chief Impact Officer, FinTech for International Development
• Priya Shah, Founder and General Partner, Theia Ventures
• Mark Fitzgerald, Managing Director, HSBC Private Bank
• Dr Sarah Ruggins, Acting Head of Portfolio Strategies, St James’s Palace
• Sophia Hart, Strategist, Clean Energy Transition
• Vanessa Gomes, Global Associate Director of Sustainable Finance and ESG, S&P Global Ratings
"
Through the captivating MFin City Speakers session, I had the extraordinary privilege of engaging in intimate and enlightening conversations with esteemed CFOs, visionary Hedge Fund Founders, and accomplished Managing Partners. This exclusive experience offered a profound glimpse into their remarkable journeys, enabling me to learn from their triumphs, glean insights from their invaluable lessons, all in a relaxed and convivial environment.."
"
CJBS’s MFin is a unique comprehensive post-experience programme. It is not only diverse in its breadth, covering a wide range of subjects core and ancillary to Finance, but also deep dives into theory and the practical case aspects under each one of them. Besides gaining invaluable learnings in finance and support from the Careers office, the programme also offers great opportunities to network with alumni and prominent industry practitioners through its City Speaker series.."
In addition to your studies, we provide a programme of workshops, small group practice, and 1:1 advisory sessions to help you achieve your professional objectives.
At Cambridge Judge Business School, we are committed to helping our students focus on their professional future. To support students with achieving their objectives, we work closely with them throughout the programme, helping to identify career goals and designing action plans to meet them.
Resources and workshops include:
Overview of Careers in Financial Services
This introductory workshop gives students an overview of the overall Finance sector with up to date insights regarding career opportunities in various markets and subsectors.
Job Search Planning
We offer resources, workshops and small group sessions with practical tips to help you identify the next steps for you in your career and build a structured job search plan.
Networking Successfully
Fostering your professional network is important not only for your first role post MFin, but for your personal and professional development in the future. We will help you to understand how to get the best from your network, create a networking plan and implement it effectively. Our aim is to help you to develop the confidence, impact and presence you need to engage your network successfully, whether online or in person.
Writing effective applications
A wide range of resources are available to support you in creating effective tailored CVs, cover letters, and video interviews. In addition to workshops, peer review and 1:1 sessions, you will have access to digital platforms to help you prepare.
Interview Skills Preparation
Through workshops, small group practice, and 1:1 sessions, you will be supported with preparation for interviews and assessment centres whether that’s for technical, case or competency interviews..
Alumni & Sector Insight Panels
There will be opportunities throughout the year to engage with our extensive Alumni and senior finance practitioner network from across the Finance industry and beyond. You will have the opportunity to hear about their job search strategies, trends in the sectors, and best practice for success.
Advisory Sessions
1:1 advisory sessions are available throughout the year for you to discuss any aspect of your career development and job search strategy. We also offer a range of sector specific advisory sessions and a range of specialised external consultants and industry practitioners.
In addition to skills workshops, there are a range of Practitioner based Career Sessions:
Networking Evenings
An opportunity to meet and with alumni and professionals within the financial services sector in London.
Asset Management Event
A networking event with alumni and Asset Management companies.
Recruitment Events
A range of recruitment events specifically aimed at MFin and MBA students are scheduled throughout the year.
Industry themed panels
Focusing on a variety of sectors including Investment Banking, PE, Fintech etc…
Pre-arrival Programme
In the months before you join the programme, you will have access to the CJBS Careers
Pre-arrival Programme which is designed to help you start building your career development skills and be ready to take advantage of opportunities.
" I am especially grateful for the experience of a post-graduate college like Clare Hall, where the fellows and students interact closely. Having been involved in the college events, be it in the Graduate Student Body (the event organising committee), choir, winetasting, painting events, rowing or formal dinners, I can say that my non-academic student experience in Cambridge has been extra meaningful.."
When you join a Cambridge MFin cohort, you also become a member of one of the 31 University colleges. The colleges offer a unique aspect of the Cambridge experience and allow you to become a lifelong member of a college community and enjoy the many traditions of the University of Cambridge.
The majority of single MFin students are offered accommodation by their college. You can expect different facilities in different colleges. Some may offer more modern facilities including en-suite bathrooms, while others may not. Some colleges have family accommodation. Not all college accommodation is situated within the main college grounds. Many graduates want to live in college houses or private rentals in and around the easily accessible city centre to participate fully in Cambridge daily life. Each college has its own character, with its own internal governance and procedures, but all have a diverse student body. They select their own students – subject to University regulations – and most admit both undergraduate and postgraduate students.
Many students join a college sports club, such as a rowing club, or one of the many other societies. You can also take part in regular ‘Formal Halls’, a traditional evening dinner in academical dress which takes place in a college dining hall. Most colleges have a ‘May Ball’ annually or every other year. College life helps you diversify your school network – you can meet and be inspired by students and academics from a wide range of disciplines. This can lead to exciting and fruitful collaborations.
It is the responsibility of the MFin Admissions team to apply and secure a college place for you. This process happens after you have accepted an offer to join the MFin.
You can learn more about the University colleges online at: www.postgraduate.study. cam.ac.uk/colleges/college-key-facts-and-figures
Just one hour from London, the historic yet dynamic city of Cambridge provides an inspiring learning environment.
The University of Cambridge offers its students plenty of opportunities to connect with the broader community outside of the formal teaching environment.
There are almost 400 University Clubs and Societies, which cater for a wide range of interests including a successful student led investment club.
Colleges have active drama and music societies, sports facilities and boat clubs. MFin students enjoy participating in these activities and often represent their college at sporting events.
The University regularly hosts high profile speakers from many walks of life. This offers students a further opportunity to meet new people and learn about areas outside of finance.
The Cambridge Business School Club (CBSC)
Run by MFin and MBA students, CBSC is the social club for students at the business school. The CBSC enables students to connect with each other, the local community, and the world at large; through organising business, social, sports, cultural and community events. Joining the CBSC Committee is a great way to make new connections, develop new skills and widen your network.
The Cambridge University Finance and Investment Society (CUFIS) is the largest finance and investment society at the University of Cambridge with over 4,500 members. Founded in 2001, the club invests a fund (the Relative Return Fund) directly in capital markets. The club arranges events for sponsoring Banks and Finance houses; and organises various workshops in Investment Banking, Sales and Trading, Private Equity, Venture Capital, Hedge Funds, and Investment Management.
Many MFin students join special interest groups during their time at Cambridge. These groups are great forums for students to pursue extra-curricular and career interests and get to know like-minded students. Some of the special interest groups include Finance, Fintech, Private equity / Venture capital and Real Estate, and many more.
The MBA Tournament (MBAT) brings together students from leading Business Schools around the world. This annual competition takes place over three days in Paris. Participants can compete in over 30 different sporting events, and attend a wide range of cultural activities, networking events and celebrations.
The MFin attracts a diverse group of finance professionals. Learning from each other’s experiences creates a powerful classroom environment.
Who should apply?
The programme is particularly relevant for:
• Those who have developed a very narrow specialisation professionally and want to broaden their experience
• Those who went straight into the industry from university and now want to take stock, consolidate their experience and gain a master’s degree to support their professional development
• Those who studied a subject other than finance at undergraduate level and find they would benefit from a finance master’s degree
• Those who want to benefit from learning alongside strong, experienced peers in an intellectually stimulating environment
MFin or CFA?
On the Cambridge MFin you can have the best of both worlds. We are an accredited CFA programme partner, with a large part of the CFA level 1 body of knowledge covered within the MFin Curriculum. The exposure you get on the MFin will help foster a well rounded understanding of a broad spectrum of finance disciplines – ranging from Asset Management to Venture Capital – guiding your future career decisions along the way.
A small, select group
Our aim is to maintain a relatively small class size (of around 75-90 students) in order to protect the learning experience. This offers students an opportunity to engage with one another, our faculty and our speakers. The emphasis is on providing students with a well rounded, collaborative and culturally diverse environment to pursue their studies.
To join the programme you need a strong academic record and at least two years’ successful work experience in finance.
We run a rolling admissions process and applications will be accepted for consideration until all available places are filled.
The deadline for applying is 31 May 2025. However admissions may close earlier should the class become full. Therefore early application is advised. If the class is full candidates may be invited to join a waiting list.
Entrance into the MFin is competitive. Applicants must demonstrate that they meet the minimum entry criteria. Successful candidates are expected to have a strong academic record, good analytical and communication skills and be willing to engage fully with the course. They must also demonstrate success in their career to date and the potential to continue this on their return.
Minimum entry requirements
• A strong undergraduate degree. UK 1st class or high 2:1 or equivalent
• Minimum of 2 years professional experience (after graduation) in a finance-related role.
• A high standard of English language. Native speaker or TOEFL minimum score 100 with no band below 25. Or IELTS minimum score of 7.0 with no less than 7.0 in Speaking, Listening and Writing, and 6.5 in Reading.
• Three references: professional (line manager or equivalent), peer (professional colleague) and academic
Fees and financing
£57,850 – including college fee Application fee: £120
In addition we recommend that students budget an additional £19,020 to cover living expenses for the year.
Funding
Cambridge Judge Business School provides a number of MFin specific scholarships (see website). Financial support is also available through a number of external funding bodies. We encourage you to explore national and regional funding sources independently as well.
Application
Submit application online.
Interview
Application reviewed, if successful, interview by a finance faculty member.
Conditional offer
If interview successful, conditional offer is made.
College place and funding guarantee
You must provide evidence of how you will fund the course. In addition, you must pay a reservation fee. The MFin office will apply for a college place on your behalf.
Unconditional offer (Confirmation of Enrolment)
Once all the conditions have been met, an unconditional offer is made.
Please apply online at www.jbs.cam.ac.uk/mfin
" The combination of the learning experience from MFin programme as well as college life in Cambridge was a unique combination of experiences that you will rarely get anywhere else. Learning directly from the experts, both lecturers, professionals, and your cohort coming from various backgrounds also enriches your knowledge and experience to a different level."
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