Frequently Asked Questions

A formal background in Economics is convenient but not strictly necessary. We also accept applicants whose major is not Economics. In the past, we have admitted engineers, mathematicians, physicists, and sociologists, and they all succeeded. The program does require some formal analytical skills (mathematics, statistics, econometrics) as we make a strong quantitative emphasis. Have a look at past master's theses to get a sense of the level.

Yes, you can apply. Please note that you will have to upload If admitted to the program, you will need your diploma in order to register.

No. The GRE is not required. However, if you do have it, we encourage you to upload your transcripts as part of the application process.

If English is your mother tongue or was the language of instruction of your Bachelor's degree, no official certificate is needed. Otherwise, you must submit proof of at least a B2 level on the Common European Framework of Reference for Languages.

Yes. Past or current employers can write recommendation letters.

For application purposes, no legalization is required. A translation into English or Spanish of your transcripts/diploma is necessary. If admitted and in order to register, you will have to legalize your documents if they are issued by an institution from a non-EU member country. No legalization is required for documents issued in an EU Member State or an EEA signatory. For more information, visit the UPV/EHU legalization page. We recommend starting this process as soon as possible, as it takes time.

During pre-registration you will be asked to upload your "Spanish Average Equivalent Grade." Follow the steps at the UPV/EHU equivalence calculator.

One academic year, from early September to mid/end of July.

Lectures are in the morning and labs in the afternoon, Monday to Friday. A typical schedule is 9-11 and 11.30-13.30 for lectures, 14.30-16.30 for labs.

Yes, you must register for the first-block courses even if you have taken those subjects elsewhere. You will need to pass an exam.

Yes, because even though only seven are mandatory, registering in all eight gives you more flexibility and the option to drop one course before the term ends.

Yes, you must register for 72 ECTS.

The best students are considered strong candidates for the inter-university PhD in Quantitative Finance and Economics. We have also helped students enter doctoral programs internationally. Note that entering a PhD in any Spanish university requires 300 ECTS prior to registration, which may be relevant for holders of a 3-year Bachelor's degree.

UPV/EHU is a public university, heavily funded by the Basque Government. Tuition fees paid by students are a small share of the actual cost of the program. The university does not discriminate between EU and non-EU citizens; fees are the same for everyone. The Basque Government announces tuition fees each June, before registration begins. The exact amount will be approximately €2,000 but varies slightly by year, including fees for official transcripts and diploma.

Yes. The call for grant applications can be found on the UPV/EHU grants page. You must be registered to apply. For other financial aids, see the scholarships and grants overview.

The EAP Master is a full-time program, which makes combining part-time work with good academic performance very difficult. The university does not offer teaching or research assistantships to master's students.

Registration runs from mid-July to early September. There are several application periods starting in March.

In early September. See the academic calendar for exact dates.

We estimate monthly living expenses are about €800-€1,000 for someone sharing an apartment. More info on the cost of living for students.

The Faculty of Economics and Business (Sarriko) is located in central Bilbao next to a subway station and very well connected. See it on Google Maps.

The university provides accommodation information for international students. You can also search the local rental market on Idealista.

Yes. Visit the language courses page for details.