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degree programs

Executive Master in Finance

Technological advances and the information age have created a globalized world in which both the number and complexity of decisions in which financial and banking professionals must participate have grown exponentially. All of them require a solid knowledge of business finance, capital markets, company valuation methodologies, successful mergers and acquisitions processes, and modern techniques for project analysis and financing structuring.

INCAE's Executive Master in Finance will provide you with cutting-edge tools to manage financial resources and assets in an increasingly globalized and complex world.
 

International modules

INCAE's executive master's degrees offer its students the opportunity to learn from the best faculty in Latin America, sharing the classroom with experienced professionals from more than 10 countries. 

  • In addition, additional international modules can be added to the master's degree, which will be included in the participant's academic record upon completion of their studies at the ESCP and Darden School of Business schools.

Participant profile

Aimed at professionals with more than 5 years of work experience, interested in learning in depth the area of finance

  • Financial and banking executives.
  • Business advisors and consultants.
  • Investors
  • Investment fund managers.
  • Individuals in a personal capacity, among others. 

The best Faculty in the region, made up of professors with doctoral degrees from the best universities in North America and Europe

Why this program?

Specialized academic content

An master's degree designed to provide technical, analytical, business and leadership skills to executives who wish to implement strategic initiatives in the financial area. Our curriculum covers cutting-edge topics such as: finance corporations, global economy, investments and capital markets among others.

Prestigious management education

The best Faculty in Latin America, made up of 100% by professors with doctoral degrees from the most prestigious universities in the world, will give you tools to improve decision-making and face the challenges of a changing business world.

High level networking

The program will allow you to learn from and work alongside a group of experienced professionals from over 10 countries. You will also exchange ideas with world-class experts, entrepreneurs and guests and have access to the Inca network that includes more than 16.000 graduates from all over Latin America.

Executive Master in Finance

Academic content

2. Modules

Module 1

Location:

ONLINE
September 11 to October 15, 2023

Themes:

  • Macroeconomic analysis and state of the world economy

Module 2

Location:

ONLINE
October 23 to November 26, 2023

Themes:

  • Financial Accounting

Module 3

Location:

ONLINE
December 4, 2023 to February 4, 2024

Themes:

  • Currency and Banking

Module 4

Location:

Costa Rica, FACE-TO-FACE
February 12 to 17, 2024
March 11-16, 2024

Themes:

  • Advanced Corporate Finance
  • Financial derivatives
  • Advanced Corporate Finance
  • Financial derivatives

Module 5

Location:

ONLINE
March 25 to May 5, 2024

Themes:

  • Valuation of companies, mergers and acquisitions

Module 6

Location:

ONLINE
May 13 to June 16, 2024

Themes:

  • Capital market

Module 7

Location:

ONLINE
June 24 to July 28, 2024

Themes:

  • Financial innovations and Fintechs

Module 8

Location:

Costa Rica, FACE-TO-FACE
August 5 to 10, 2024
September 30 to October 5, 2024

Themes:

  • Investment portfolios and investment portfolio management
  • International Corporate Finance
  • Investment portfolios and investment portfolio management
  • International Corporate Finance
  • Aimed at professionals with a minimum of 5 years of relevant work experience, who aspire to deepen in the area of finance.
  • Minimum age 30 years and that in exceptional cases, 29-year-old professionals with outstanding work experience are accepted.
  • Curriculum vitae.
  • Interview with the Admissions Manager.
  • Complete the application for admission.
  • Cancellation of for US$200 by admission and examination process.
  • Pass the entrance exam.
  • Letter from the company where you work, committing to free the participant the time required to carry out the program.
  • Certificate of grades (sent by University).
  • Graduation Certificate (Submitted by University).
  • Two recommendations in the INCAE format.

FAQ

Is it possible to do the Executive Master in Finance without sacrificing quality and dedication at work?
It is entirely possible and in fact, it is the reason why the format is modular (1 week per month), to ensure that students can work without interrupting their professional career. In addition, this format allows you to apply what you have learned faster, thus offering a clear benefit to your employer. 

Tips to improve your CV

Doing an executive master's degree means embarking on an exciting but also demanding life project, whose success depends on the interrelationship between work, study and personal life

Our teachers

  • Maurice Jenkins
    Academic director

    He is a full-time Associate Professor at INCAE Business School where he teaches courses in the areas of finance and international business. He earned a Ph.D. with a specialty in International Economics and Finance, and a Master's in International Economics and Finance from Brandeis University. In addition, he obtained a Master of Business Administration with distinction from INCAE Business School and a Bachelor of Civil Engineering from the University of Costa Rica.

  • Arnold Camacho
    Teacher

    He is a Full Professor at INCAE Business School, in the area of ​​Currency, Banking and Finance, Financial Institutions and Capital Markets, Portfolio Management, Evaluation and Risk Management. He got a Ph.D. in Finance and Development, and an MA in International Economics from Ohio State University, as well as a Bachelor's Degree in Civil Engineering from the University of Costa Rica, with Graduation with Honors.

  • Arnoldo Rodriguez
    Teacher

    He is an Associate Professor at INCAE Business School where he teaches in the areas of Financial Accounting, Management Accounting and Control. He earned his Ph.D. from the Carlson School of Management at the University of Minnesota. Likewise, he is a graduate of INCAE's master's degree. Professor Rodríguez is the Director of INCAE's Master's program in Analytics, Innovation and Technology (MAIT).

  • Eduardo Luis Montiel
    Teacher

    Dr. Montiel is Professor Emeritus at INCAE Business School. He earned his Ph.D. from Harvard University as well as an M.S. from the Massachusetts Institute of Technology's Sloan School of Management. He graduated with a Bachelor of Science in Industrial Engineering, um laude, from the University of Michigan. He also studied Liberal Arts at Williams College with a concentration in Mathematics.

  • Alberto Trejos placeholder image
    Teacher

    He is a Full Professor at INCAE Business School. He earned his Ph.D. in economics from the University of Pennsylvania. As an academic, he has been a faculty member at Northwestern University and INCAE, where he also served as Dean and Director of the Latin American Center for Competitiveness and Sustainable Development. 

  • Pedro Raventos
    Teacher

    He is a Full Professor at INCAE Business School, where he teaches Industrial Organization, eBusiness and International Finance. He has an M.A. and a Ph.D. from Harvard University.

  • Maurice Jenkins
    Academic director
  • Arnold Camacho
    Teacher
  • Arnoldo Rodriguez
    Teacher
  • Eduardo Luis Montiel
    Teacher
  • Alberto Trejos placeholder image
    Teacher
  • Pedro Raventos
    Teacher

The investment for our next edition is

The investment for our next edition is: 
for US$25.000

Starts

Start: 
September 2023

Quota return policy:

The space reservation is non-refundable. You may freeze your reservation, to be used within a calendar year, from the start date of the program for which you originally applied.

This request must be made at least 30 calendar days before the start of the program to which it applies.

If the request is received within 30 days before the start of the program or after having received access to the pre-program, it cannot be used for another program. In the event that the registration for the edition to which it is transferred is greater than the amount paid, the participant must cover the difference.

This reservation is not transferable and may only be used in INCAE academic programs and only during the aforementioned period.

Payment structure

Once the candidate has been accepted into the program, an initial payment of USD $2,000 will be required to reserve a place (5 days after admission).

Subsequently, you must pay the rest of the amount in 13 installments, as follows:

2024 edition
Quota Date
Quota 1: for US$1.769 5 September 2023
Quota 2: for US$1.769 5 October 2023
Quota 3: for US$1.769 5 November 2023
Quota 4: for US$1.769 December 5 2023
Quota 5: for US$1.769 January 5 2024
Quota 6: for US$1.769 February 5 2024
Quota 7: for US$1.769 5 2024 June
Quota 8: for US$1.769 July 5 2024
Quota 9: for US$1.769 August 5 2024
Quota 10: for US$1.772 5 September 2024
$ 25.000

Financing options

Once admission has been received, there are several financing options, scholarships and other resources that INCAE makes available to applicants to cover the costs of the executive master's degree.

Because the institution receives students of various nationalities, it is recommended in the first instance to visit the local Ministry of Foreign Affairs of your country, as well as scholarship offices of higher education institutions, which can provide specific information to the particularities of each applicant.

Some financing options:

 

  • Costa Rica: BAC Credomatic, Banco Nacional, Banco Popular, CONAPE, COOPENAE, COOPESERVIDORES.
  • Nicaragua: Banpro, BDF and BAC Credomatic
  • Guatemala: G&T Continental, BAC Credomatic and Banco Industrial.
  • Honduras: Banco Lafise, BAC Credomatic and Ficohsa
  • El Salvador: Davivienda, Banco Agrícola and Banco Industrial.
  • Panama: IFARHU.
  • Peru: BCP and BBVA
  • Paraguay: Banco Vision and Banco Atlas
  • Bolivia: Banco BISA SA and Banco Crecer
  • Ecuador: Bank of Guayaquil and Banco Pichincha.
  • Dominican Republic: Fundapec
  • Colombia: Bancolombia
.

INCAE reserves the right to change the programming and the assignment of Faculty