As you prepare to apply to the Master of Finance (MFin) programme, it is important to start thinking about how you will fund your studies. To help you get started, we’ve rounded up some of the funding options.
The University of Cambridge has a wide range of scholarships available to students who need support with the cost of their studies. If you are planning to apply for scholarship funding, we recommend that you apply to the MFin as early as possible. You will normally need to have an offer from the academic programme before you can apply for a scholarship. They can also be very competitive, and some have early entry deadlines.
Available Cambridge scholarships include:
- Cambridge Judge Business School bursaries
The Business School offers a small number of partial scholarships in the form of fee reductions. The amount of each of the scholarship offered varies. Students enrolled on the programme are automatically considered for one of these scholarships.
- University of Cambridge scholarships
The wider University offers student scholarships as well. Two of the major scholarships that MFin students can apply for are Gates Cambridge and the Cambridge Commonwealth, European and International Trust. Deadlines for these scholarships are usually early; visit their websites for further information.
- College scholarships
Some of the Cambridge Colleges offer scholarships. You can search for these through the University’s student funding opportunities website.
There are many external scholarships available that Master of Finance students can apply to. Some of these scholarships are aimed at specific geographies and nationalities. Governments of certain countries will also offer scholarships if you want to study internationally. Previous MFin students have successfully applied for funding from Chevening, the Colfuturo Scholarship and the British Council Scholarship. Some of these scholarships are listed on our website, but we do recommend you do your own research to see what else is available.
The Cambridge Master of Finance is a year-long, full-time programme. Some companies will offer sponsorship for employees who wish to take a year out for studying a masters degree. If you want to progress in your career but return to your current company after finishing your studies, your company may consider sponsoring you. Some companies will have policies on sponsorship, so you will need to discuss this with your employer and negotiate agreements if you go ahead with this option.
Loans and grants
You may wish to consider one of the many loans and grant options available. Previous MFin students have successfully applied for Professional and Career Development Loans, US Federal Loans and private loans. Prodigy Finance specialises in loans for postgraduate students who are studying at leading business schools. There are many providers in other countries, so we advise you do your research into the different available providers.
The Cambridge Master of Finance runs regular webinars on the programme, fees and financing and the admissions process. To find out when the next webinar is, visit our events page.