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Cambridge MFin: Fees, Jobs & Admission Guide 2026
The Cambridge MFin (Master of Finance) at Cambridge Judge Business School is a 12-month, full-time program based in Cambridge, UK, designed for professionals with prior finance experience aiming to move into senior roles in investment banking, asset management, and financial leadership. The program focuses on corporate finance, asset pricing, and financial strategy, with strong industry integration through the Cambridge network. Tuition is £60,000 (20256–27 official tuition), with total program costs exceeding £80,000, including living expenses. The class size is ~100–120 students from 30+ nationalities. Graduates typically move into senior roles across global financial institutions rather than entry-level positions.
Consistently ranked among the world’s top Master in Finance programs (Financial Times)
Location
Cambridge, United Kingdom
Introduction
The Cambridge Judge Business School Master of Finance (MFin) is a 9-month, full-time program designed for professionals who already have experience in finance and want to move to higher-impact roles. The program focuses on how finance works in real markets, combining classroom learning with practical projects, real business cases, and close interaction with industry experts.
The Cambridge MFin is consistently ranked among the top Master in Finance programs globally by the Financial Times, reflecting its strong academic quality and career outcomes. Being part of the University of Cambridge also gives students access to a powerful global alumni network, experienced faculty, and strong employer connections, helping graduates move into roles across investment banking, asset management, consulting, fintech, and corporate finance.
Class Profile of Cambridge MFin
The Cambridge MFin class profile reflects a diverse and experienced group of finance professionals. The current class has 89 students from 31 countries, with 52% women and an average of 4 years of work experience. All students have at least 2 years of finance experience, making peer learning and global networking a key part of the program. The Cambridge MFin is ideal for Indian students looking to grow their careers in top global finance roles.
Average GMAT
NA
Average GRE
NA
Average GPA
NA
Average work experience
5 Years
Average age
NA
Pre-MFin industry MFin 2025
Asset Management Commercial and Retail Banking Financial Consulting Finance role in a non-financial company Financial Services
Pre-MFin location MFin 2025
Austria Canada Chile China Colombia Denmark
Class size MFin 2026
106
Women MFin 2026
42%
Country Represented MFin 2025
38
Women in Finance - the Cambridge MFin
Admission Requirements for the Cambridge MFin
The Cambridge Master of Finance (MFin) is a competitive program designed for professionals with strong academic backgrounds and relevant work experience. The admissions team reviews your education, professional profile, and motivation to ensure you can handle the fast-paced structure of the program and contribute actively in class discussions.
GMAT/GRE: A Cambridge MFin GMAT or GRE score is required. There is no fixed minimum score, but a strong score is expected due to the competitive nature of the program.
Academic Background: A strong undergraduate degree is required. A background in finance or quantitative subjects is helpful, but candidates from other disciplines are also considered if they demonstrate strong analytical skills.
Work Experience: Relevant professional experience is required. Most applicants have several years of experience in finance or related fields.
English Language Test: Applicants whose first language is not English must meet the university’s English language requirements. Cambridge accepts IELTS and other approved tests.
Resume: A detailed CV is required, highlighting your work experience, key responsibilities, and professional achievements.
Essays: Program-specific essays are required to explain your career goals and why the Cambridge MFin is the right fit for you.
Letter of Recommendation: One professional reference is required from someone who knows your work well and can comment on your skills and potential.
⭐ Ideal Applicant
The Cambridge MFin is best suited for professionals with strong academic records, meaningful work experience, and clear career goals in finance. Successful applicants are comfortable with discussion-based learning, work well in diverse teams, and aim to progress into senior roles in areas such as investment banking, asset management, consulting, fintech, or corporate finance.
Cambridge MFin Acceptance Rate
The Cambridge MFin acceptance rate is not officially published by Cambridge Judge Business School. However, the program is known to be highly selective. Admissions are based on a detailed review of your academics, work experience, test scores, and how well your goals align with the Cambridge MFin.
Since the class size is small and the program is designed for experienced professionals, competition is strong. The admissions team looks for candidates who can handle the intensive curriculum and actively participate in discussions and group work.
Your Chances of Getting Into Cambridge MFin
Stronger Profile: Strong academic performance, relevant work experience in finance or related fields, a good GMAT or GRE score, clear career goals, and a well-written application explaining why the Cambridge MFin fits your career plans.
Competitive Profile: Good academics, solid professional experience, a valid GMAT or GRE score, and essays that clearly connect your past experience with your future goals in finance.
Weaker Profile: Limited or unrelated work experience, weaker academic results, unclear career goals, or an application that does not clearly explain interest in the Cambridge MFin.
Cambridge MFin Rankings
The Cambridge Master of Finance (MFin) degree programme at Cambridge Judge Business School was today ranked second in the Financial Times (FT) ranking of post-experience master of finance programmes worldwide.
The Cambridge MFin programme ranked first globally this year in categories including salary today and international mobility (based on changes in the country of employment), and continued to rank first in aims achieved (88% of respondents said they fulfilled their goals or reasons for doing an MFin), effectiveness of the careers service, and percentage of women on the board.
Supercharge your finance career with our globally recognised Master of Finance (MFin) programme. Gain a deep understanding of key finance elements in our rigorous curriculum, covering theoretical foundations and cutting-edge industry issues. The Cambridge MFin curriculum is tailored to ensure students gain a comprehensive and in-depth understanding of finance, preparing them for a dynamic and successful career in the field.
Michaelmas Term (September – December)
Vacation/project time (December – January)
Lent Term (January – March)
Vacation/project time (March – April)
Easter Term (April – June)
Summer (June – August)
Electives
Each MFin student must take at least 7 electives. The MFin electives offered may vary from year to year. The list below should therefore be regarded as illustrative.
Advanced Corporate Finance
Advanced Credit
Blockchain and Digital Assets
Mathematical Foundations of FinTech
Behavioural Finance
Financial Entrepreneurial Acquisitions
Interest Rates Derivatives
International Finance and Exchange Rates
Liquid Alternatives and Hedge Funds
Machine Learning for Finance Practitioners
New Venture Finance
Private Equity
Quantitative Asset Allocation
Sustainable Finance
The Circular Economy
Venture Capital and the Entrepreneurial World
Wealth Management
The learning experience
Engage in a practical learning experience while you interact with other students, faculty and speakers in a collaborative environment.
City Speaker Series
Financial modelling
Non-finance topics
Faculty lectures
Personal and professional development
Interactive classes
Practical project work
Research centers
An Interdisciplinary Research Centre generally builds on the aims and achievements developed by a Strategic Research Initiative over a period of six years. Our current portfolio of Interdisciplinary Research Centres includes:
Cambridge Master of Finance: A transformational year
Step-by-Step Application Process
The Cambridge MFin application process is fully online and straightforward. You need to complete an online form, upload the required documents, and wait for the admissions team to review your application. Each step is designed to help the admissions team understand your background and career goals.
1. Submit the online application
Create an account on the University of Cambridge application portal and select the Master of Finance (MFin) program. Fill in your personal, academic, and professional details carefully.
2. Upload academic transcripts
Submit your official university transcripts or mark sheets so the admissions team can review your academic performance.
3. Submit GMAT or GRE scores
A valid GMAT or GRE score is required for the Cambridge MFin and must be included in your application.
4. Upload English language test scores (if required)
If English is not your first language, you need to upload proof of English proficiency. Cambridge accepts IELTS and other approved tests.
5. Upload your resume (CV)
Submit a detailed CV that clearly shows your work experience, roles, responsibilities, and key achievements.
6. Complete the required essays
Answer the program-specific essay questions explaining your career goals, work experience, and why the Cambridge MFin is the right program for you.
7. Add your referee details
Provide the contact details of one professional referee. Cambridge will contact the referee directly for the recommendation.
8. Attend an interview (if invited)
Some applicants may be invited for an interview. This usually focuses on your work experience, motivation, and fit with the Cambridge MFin.
9. Receive the final decision
Once your application is reviewed, the final decision will be shared through the application portal and email.
Fees & Financing for the Cambridge MFin
The total cost of the MFin at Cambridge includes tuition fees and living expenses during your stay in Cambridge. Understanding the full cost helps applicants plan their finances, compare similar programs, and evaluate long-term value. Below is a clear breakdown of the Cambridge MFin Fees, based strictly on official information shared by Cambridge Judge Business School.
2026/27 Fee Breakdown for the Cambridge MFin
Fee Component
Amount
Tuition Fee
£60,000
Student Services Fee
Included in tuition
Lifetime Credentials Fee
Not specified
Administrative Service Fee
Included in tuition
Accommodation (Estimated)
Included in living cost estimate
Application Fee
£120
What Each Fee Covers
The tuition fee for the Cambridge MFin covers teaching, case-based learning, academic resources, digital learning platforms, and career development support. Student services and administrative support are included within the tuition and cover registration, examinations, and access to university facilities. Living costs are estimated separately and depend on individual lifestyle and accommodation choices in Cambridge.
Estimated Living Expenses in Cambridge
Living in Cambridge comes with additional costs beyond tuition. For the 2026/27 academic year, the University of Cambridge estimates average basic living expenses for a full-time student without dependants as follows:
Living expenses (overall): Approximately £19,860 per year
Accommodation, food, and daily essentials: Included in the estimate above
Setup costs: Laptop, mobile phone, bicycle, travel, utilities (varies by student)
These estimates help applicants understand the typical cost of studying and living in Cambridge.
Total Estimated Cost for International Students
When tuition fees and estimated living expenses are combined, the total cost for the Cambridge MFin comes to approximately £79,000–£82,000 for the full program duration. This gives applicants a clear view of the overall financial commitment required.
Financing Options for the Cambridge MFin
Most students finance the Cambridge MFin using a mix of savings, loans, and scholarships. Common funding options include:
1. Education Loans (India + International)
Education loans from Indian banks for overseas study
NBFC education loans with flexible repayment options
International education lenders (subject to eligibility)
2. School Scholarships (Covered in Next Section)
Merit-based scholarships
Need-based and diversity-focused funding
University of Cambridge–supported awards
3. Part-Time Jobs / Work-Study
Part-time work opportunities in line with UK visa regulations
4. Assistantships & Fellowships
Limited paid research or project work, depending on availability
Is the Program Worth the Cost? (ROI Snapshot)
The Cambridge MFin delivers strong return on investment through career acceleration and global mobility. Official class outcomes show that graduates experience an average salary increase of 73%, 90% switch country, function, or sector, and more than 50 blue-chip companies employ Cambridge Judge Business School graduates. Despite the high upfront cost, many graduates recover their investment through senior-level roles in finance, consulting, and global business.
Scholarships for Cambridge MFin Students
Cambridge Judge Business School offers several scholarship and funding options for students applying to the Master of Finance (MFin). These scholarships come from the business school, the University of Cambridge, and external organisations. Each option has its own eligibility rules and award amounts.
Below are the main funding options available to Cambridge MFin applicants:
Cambridge Judge Scholarships: Cambridge Judge Business School offers merit-based scholarships for MFin students. These are usually awarded based on the overall strength of your application, including academics, work experience, and career potential. In most cases, no separate scholarship application is required.
University of Cambridge Scholarships: Some funding opportunities are offered at the university level. These scholarships are open to eligible students across Cambridge and may depend on factors such as nationality, academic background, or financial need.
External Scholarships: Students can also apply for scholarships offered by governments, foundations, or organisations in their home countries. These scholarships are managed outside Cambridge and have their own application process.
Employer Sponsorship: Many MFin students receive financial support from their current employer. This may cover part or all of the tuition fee, especially for professionals returning to their organisation after completing the program.
Cambridge Funding Search Tool: The University of Cambridge provides an online funding search tool that helps students find scholarships and funding options they may be eligible for based on their profile.
Employment Upon Graduation
You receive strong support for both personal and professional growth, helping you build on your existing skills and plan clear next steps for your career. The Cambridge Master of Finance is shaped with direct industry input, and its career service is ranked first in the world by the Financial Times. As a result, graduates often see strong career outcomes, with the Cambridge MFin salary reflecting the program’s high return on investment. More than 90% of graduates changed their country, job function, or industry after completing the program.
Average salary MFin 2023
$110,660
Offer accepted upon three months of graduation
78%
Offer received upon three months of graduation
NA
Reporting rate
NA
Post-program job locations
United Kingdom | 64% Asia-South East | 12% Asia-East | 10% Europe-Western (not including UK) | 4% North America | 4% Asia-South | 2% Latin America and the Caribbean | 2%
These components are crucial in demonstrating not only your academic capabilities but also your passion for finance and your fit within the Cambridge community. In this guide, we will delve into the key elements of the Cambridge MFin application essays and interview, providing insights and tips to help you present a compelling case for your admission.
Interview Questions
Interviews take place on a set day every month – we’ll let you know when. If you are shortlisted, we’ll contact you by email to arrange an interview via an online video call.
You’ll be interviewed by the MFin Director or other members of the Finance faculty. If you would like to attend the interview in Cambridge, please let the admissions team know. You can meet your faculty and the MFin staff, take a tour of the Business School, and soak up the historical Cambridge surroundings.
Is the Cambridge MFin Right for You?
The Cambridge MFin is a strong choice if you already have work experience and want to move forward in your finance career. The program focuses on practical finance, real business decisions, and leadership, making it a good fit for professionals who want to strengthen their skills while studying at one of the Best colleges for Masters in Finance in UK and building a global network through the University of Cambridge.
The course is fast-paced and works best for candidates who can bring ideas from their work experience into the classroom and actively take part in discussions and group learning.
For professionals with work experience: Best suited for candidates who have several years of experience in finance or related roles.
For finance-focused careers: A strong choice if you are aiming for roles in investment banking, asset management, private equity, or senior finance positions.
For career growth or role change within finance: Helpful for professionals who want to move into new finance roles, industries, or countries.
For global exposure: Ideal if you want to study with classmates from different countries and build an international professional network.
For leadership and decision-making skills: Good fit if you enjoy discussion-based learning and working in teams.
Not suitable for early-career profiles: Not the right choice if you have little or no full-time work experience, as the program is meant for experienced professionals.
Why Cambridge is Unique?
Learn through a powerful combination of finance theory and practice that draws on the University of Cambridge’s long heritage of excellence in teaching and research and the expertise and connections here at Cambridge Judge.
Engage with the highest calibre Finance faculty.
Interact with seasoned guest speakers from industry.
Gain a global perspective on finance career opportunities.
Access outstanding career coaching and advice.
Apply your knowledge to a range of hands-on industry projects.
The Cambridge MFin is a great option if you're already working in finance and want to grow faster in your career. It’s not like other finance programs; it’s made for people with real work experience, so you’ll be learning alongside others who’ve worked in banks, investment firms, or big finance companies. What makes this program special is how practical and focused it is. You’ll work on real projects, learn from top teachers, and get support to figure out your next career move. Whether you want to step into a senior role, switch to a new area in finance, or even start something of your own, the Cambridge MFin can help you get there.
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Abhyank Srinet
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Abhyank Srinet, the founder of MiM-Essay, is a globally recognized expert in study abroad and admission consulting. His passion is helping students navigate the complex world of admissions and achieve their academic dreams. Abhyank earned a Master's degree in Management from ESCP Europe, where he developed his skills in data-driven marketing strategies, driving growth in some of the most competitive industries.
Abhyank has helped over 10,000+ students get into top business schools with a 98% success rate over the last seven years. He and his team offer thorough research, careful shortlisting, and efficient application management from a single platform.
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What is the duration of the Cambridge MFin program?
The Cambridge Master of Finance (MFin) is a full-time, 9-month program designed for experienced professionals in finance and related fields.
What is the tuition fee for the Cambridge MFin?
For the 2026/27 intake, the Cambridge MFin tuition fee is £60,000, as published by Cambridge Judge Business School.
Does Cambridge MFin require GMAT or GRE?
Yes, a GMAT or GRE score is required for the Cambridge MFin. The school does not publish a minimum score, but a strong score is expected due to high competition.
How much work experience is required for Cambridge MFin?
The Cambridge MFin is a post-experience program. Applicants are expected to have significant professional experience, usually several years, in finance or related roles.
Is the Cambridge MFin acceptance rate published?
No, Cambridge Judge Business School does not publish an official acceptance rate for the MFin. However, the program is described as highly selective with a small class size.
What are the career outcomes after the Cambridge MFin?
Based on official class data, over 90% of graduates change country, job function, or industry after completing the Cambridge MFin, showing strong career mobility.
Does Cambridge MFin offer scholarships?
Yes, Cambridge MFin scholarships are available through Cambridge Judge Business School, the University of Cambridge, and external funding bodies. Many scholarships are merit-based and awarded during admissions.
What are the estimated living expenses in Cambridge?
For the 2026/27 academic year, the University of Cambridge estimates £19,860 per year for basic living expenses for a full-time student without dependants.
Can international students work during the Cambridge MFin?
Yes, students may take up part-time work, subject to UK visa regulations. The program is intensive, so work opportunities are usually limited.