Master in Financial Options and Futures
Since the year 2000 the IEB has offered the only Master solely focused on the field of Derivatives. Since the end of the 80s, options and futures have become the cornerstone of financial markets. We have seen how the convergence process towards the single currency has brought about an important drop in interest rates which ultimately resulted in traditional investment products losing their appeal.
Consequently, the different Investment Banks have sought imaginative alternative investments through the use of derivatives (Guaranteed Funds, Indexed Bonds and Deposits, Equity Swaps, Warrants, etc...). This process implies greater sophistication of financial products in coming years with the aim of achieving a better balance between risk and return for the investor.
Regarding the way of controlling financial risk of different institutions, there have also been significant breakthroughs; cases such as Barings, Metallgesellschaft, Orange County, etc... are now perceived as anecdotes of contemporary history. Financial institutions are currently investing in improving the necessary technological tools to be able to measure and control both market and credit risk. Credit Derivatives have become highly efficient tools to manage the latter.
In short, the experience of recent years shows that derivatives have become indispensable tools to meet numerous market needs, so the underlying assets currently operated on range from traditional financial assets ( shares, bonds and currencies ) to a wide variety of commodities (metals, cereals, etc...), and other new spheres of application such as: natural catastrophes, energy, environmental pollution, weather, etc...
Duration, Calendar and Schedule
The Master specialised in Financial Options and Futures runs for 505 lecture hours.
People interested in following the Master Specialised in Financial Options and Futures should send the following documentation to
IEB (C/ Alfonso XI nº 6 - 28014 Madrid):
- Updated Curriculum Vitae
- Two letters of recommendation
- Academic record
Each candidate will be required to attend a personal interview with the Admission Committee.
Cost, Financing and Grants
The cost of the Master is 18,500 Euros, which includes the following costs related to the trip to the London School of Economics: teaching staff, plane fares, lodging and LSE diploma.
The IEB can provide a list of financial institutions that offer advantageous financing conditions.