Judge Business School – University of Cambridge

Cambridge Masters of Finance Program Structure

The University of Cambridge Masters of Finance program is a full-time program designed in consultation with the banking and finance industry to provide first-class training for finance professionals who wish to strengthen their existing knowledge of finance.

The program runs over the course of three terms. The program consists of core courses, elective courses, projects, an optional summer activity and weekly speaker seminar.

The Cambridge Masters of Finance program at Judge Business School is a CFA Program partner. This means that students will be exposed to a majority of the CFA Level 1 curriculum. Students who attend the MiF program at Cambridge also have an opportunity to receive a scholarship from the CFA Program to cover the costs of registering with the CFA Institute and to enter the CFA level 1, 2 or 3 Exam.


About 90% of the core curriculum is focused on finance-related material. Core courses that are finance-related are Intro to Derivatives, Intro to Econometrics, Economic Foundations of Finance, Equity Derivatives, Financial Institutions and Markets, Financial Reporting and Analysis, Fundamentals of Credit and Principles of Finance.

The other core courses are focused on non-finance topics that are important to those working the field of finance. These courses include a Management Lecture Series, Management Practice and Financial Modeling Workshops.

Students are required to take at least seven elective courses. These courses are designed to help tailor each individual’s educational experience. Elective courses may change on a year-to-year basis but generally cover topics ranging from Asian Markets to Real Estate Finance and Investments.

Students follow a three-term structure for courses:

  • Term One: Core Courses 1-7
  • Term Two: Electives 1-3, Core Courses 6 and 7 continued, Core Courses 8-10
  • Term Three: Electives 4-7, Core Course 7 continued

There is an optional summer activity for students. The summer activity includes a choice of an independent project, additional elective courses, an internship or work placement, an end of year report, or a summer program in China.

There are also two mandatory projects that students must complete. The first project is an Equity Research Project. This begins during the first term and ends and the beginning of the second term. The second project is a Group Consulting Project. This begins in the middle of the second term and ends in the beginning of the third term.

Class Profile

The 2015 Cambridge Masters of Finance Class consists of 64 students that represent 33 nationalities. The average age of students in this class is 29, with 36% of students identifying as female. The average work experience is five years with the majority of experience being those who hold a financial role in a non-financial company.


The Career Services office at Judge Business School works closely with all students to identify career goals and what action to take in order to obtain those goals. The careers program offers various workshops and seminars, as well as one-to-one advising sessions designed to help with career planning and job searching. There are also opportunities for MFin students to interact and network with senior finance professionals and alumni offered throughout the year.

Tuition and Financial Aid

The tuition costs for the 2016-17 intake is £40,625. This includes the separate College of Business fee that is listed separately from the Cambridge University tuition fee.

Scholarships from the university as well as external funding are available for qualifying students. Employer sponsorship is also accepted for students.

45 Twenty-eight percent of students finance their education at Judge Business School through family savings, 34% through personal savings, 12% through scholarships, 16% through employer sponsorship and 10% through loans.

Admissions Procedures

There are four stages to the admissions process at Judge Business School. Stage one is the application review. Once the admissions office has received a completed application, it will be reviewed and a decision to move you on to the interview process will be made within three weeks of the date of completing the application.

A completed application includes the application and all necessary supporting documents. Documents include a completed application form, academic transcripts, language test certificate (if English is not your first language) and three references. References include one professional, one academic and one peer reference. A GMAT/GRE score is not required for the application but it may help in the decision making process.

Stage Two is the interview process. If you are selected to move on to the interview process, an interview date will be assigned. Interviews are conducted on the Cambridge campus but in certain circumstances, interviews may be conducted over the phone or in a video conference.

Stage Three is the Conditional Offer. A decision to offer you a place on the program will normally be made within a couple of days of the interview process. Certain conditions must be met in order to move on to the last stage of the admissions process. These conditions are: receipt of the first installment of fees, which is 10 percent of the tuition fee. receipt of completed financial guarantee forms, award of a college place and satisfaction of any relevant verification or reference checks. The first installment of fees must be received within a month of the initial offer.

The final stage of the admissions process is the Unconditional Offer. Applicants will receive a letter confirming their admission to the school. A second installment of 20 percent is due at this time. Documentation for those who need student visas will be issued at this stage. The admissions office notes that due to a high volume of applications, it is not able to respond to applicants who will not be accepted to move on to the next stage of the process.

Application Deadlines

Applications for 2017-18 will be accepted starting June 30.