The IESE Young Leaders in Emerging Markets Scholarship is a merit-based award from IESE Business School for Master in Finance applicants. It supports outstanding candidates who live and work in a developing country.
Recipients join the full-time MiF based in Madrid, with a module in New York and a week in London, followed by a mandatory internship. The academic phase lasts nine months and the internship lasts at least three months.
Benefits & funding
- IESE provides scholarship support for the MiF, but the current page does not publish the award amount, number of awards or whether it covers all or part of tuition.
- For cost context, tuition for the September 2027 intake is €55,500; travel and accommodation for the New York module and London week are additional costs.
Eligibility
- Candidates must live and work in a developing country; IESE does not publish an eligible-country list.
- Applicants must qualify for the MiF, which is designed for students completing or recently completing an undergraduate degree and accepts up to two years of full-time work experience.
- IESE seeks strong academic performance, quantitative ability and English proficiency, with a GMAT, GRE or IESE Test score required.
- IESE states no separate nationality, gender or age restriction for this scholarship.
Can you apply?
Here's who can apply
Decoded from the official rules. A free account checks them against your passport, degree and age in seconds.
Residence required
Afghanistan · Albania · Algeria · Angola · Argentina · Armenia · Azerbaijan · Bangladesh · Belarus · Belize · Benin · Bhutan
+ 119 more
Bolivia · Bosnia and Herzegovina · Botswana · Brazil · Burkina Faso · Burundi · Cabo Verde · Cambodia · Cameroon · Central African Republic · Chad · China · Colombia · Comoros · Cuba · DR Congo · Djibouti · Dominica · Dominican Republic · Ecuador · Egypt · El Salvador · Equatorial Guinea · Eritrea · Eswatini · Ethiopia · Fiji · Gabon · Gambia · Georgia · Ghana · Grenada · Guatemala · Guinea · Guinea-Bissau · Haiti · Honduras · India · Indonesia · Iran · Iraq · Côte d'Ivoire · Jamaica · Jordan · Kazakhstan · Kenya · Kiribati · Kosovo · Kyrgyzstan · Laos · Lebanon · Lesotho · Liberia · Libya · Madagascar · Malawi · Malaysia · Maldives · Mali · Marshall Islands · Mauritania · Mauritius · Mexico · Micronesia · Moldova · Mongolia · Montenegro · Morocco · Mozambique · Myanmar · Namibia · Nepal · Nicaragua · Niger · Nigeria · North Korea · North Macedonia · Pakistan · Palestine · Papua New Guinea · Paraguay · Peru · Philippines · Republic of the Congo · Rwanda · Saint Lucia · Saint Vincent and the Grenadines · Samoa · São Tomé and Príncipe · Senegal · Serbia · Sierra Leone · Solomon Islands · Somalia · South Africa · South Sudan · Sri Lanka · Sudan · Suriname · Syria · Tajikistan · Tanzania · Thailand · Timor-Leste · Togo · Tonga · Tunisia · Türkiye · Turkmenistan · Tuvalu · Uganda · Ukraine · Uzbekistan · Vanuatu · Venezuela · Vietnam · Yemen · Zambia · Zimbabwe
Education required
Bachelor Enrolled · Bachelor
Experience required
≤ 2 yrs
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Application process
- 1Submit the online MiF application and include the required scholarship cover letter.
- 2Upload the application form, transcripts, test scores, CV, English evidence when required, one recommendation, mandatory essays and a passport-style photo, and pay the €120 application fee.
- 3Complete an English-language interview, held virtually or at IESE’s Madrid campus.
- 4IESE normally communicates the admissions decision within four to six weeks and reports the scholarship decision upon acceptance.
Program timeline
Round 1 application deadline
October 2, 2026
Round 2 application deadline
November 6, 2026
Round 3 application deadline
December 11, 2026
Round 4 application deadline
January 15, 2027
Round 5 application deadline
February 22, 2027
Round 6 application deadline
March 26, 2027
Round 7 application deadline
May 2, 2027
Round 8 and final published application deadline
June 4, 2027
MiF program starts
September 2027