NOVA SBE - CEMS University Logo

Nova School of Business and Economics (Portugal)

Founded in 1978, the Nova School of Business and Economics is the most prestigious Portuguese school in the areas of Economics, Management and Finance, and a reference in research, teaching and Executive Education.

Nova School of Business and Economics holds the Triple Crown accreditation, and is the exclusive Portuguese member school of CEMS. Nova SBE’s international vocation is evident – with three Masters programs and Executive Education in the Financial Times ranking, the school is considered to be amongst the top 30 business schools in Europe.

At Nova School of Business and Economics, students of 60 nationalities interact with professors from 19 different countries. With 100% of its Masters courses taught in English, the school has 150 exchange agreements with universities in 47 countries and delivers Executive Education programs in Europe, Brazil, Mozambique and Angola – where it launched Angola Business School in 2010.

Nova School of Business and Economics (Nova SBE)
Campus de Campolide
Lisboa 1099-032
Phone: +351 21 380 1600
Fax: +351 21 387 1105
38° 44' 12.3576" N, 9° 8' 20.6124" W
CEMS University Campus
CEMS abbreviation : 

 CEMS Programme Manager (PM)

Carolina Sales

CEMS MIM Programme Manager
Phone: +351 21 382 27 22

Vera Fernandes

Assistant Programme Manager

 CEMS Corporate Relations Manager (CRM)

 CEMS Academic Director

Target of this fact sheet: Prospective CEMS students applying to MSc+MIM


Contact people for application questions

Admissions & Development Office

Phone: [+351] 213 801 699


Skype: Nova SBE Admissions

Monday to Friday, 9am to 6pm

 Programme Info

MSc degrees offered in combination with CEMS MIM: 

NOVA Masters: in Economics, Finance and Management.

+ Info

CEMS Master's in International Management: 1 semester at Nova SBE + 1 semester abroad.

+ Info

Application Deadlines: 

NOVA Masters applications are accepted on a rolling basis between:

Fall Intake (1st round): 1 February - 1 May, 2017

Spring Intake (2nd round): to be confirmed

* The Spring intake is open only for candidates with a background in Economics, Management or Finance (both Portuguese and Foreign) who wish to take the Nova Masters in Management. Students with other backgrounds can only apply for the Fall term.

Note: Early applications are recommended!

Before you can start your MIM program, students must first complete the curricular part of one of NOVA’s pre-experience Masters in Economics, Finance or Management. Accordingly, students need to apply to one of these programs either before or at the same time as they apply to the MIM program.  

These are two separate and independent application processes, students must submit both application forms:

1.   Application form to one of the NOVA Masters

2.   Application form to the CEMS MIM at NOVA SBE

Required Documents: 

For CEMS MIM applications:

1) CV in English with photo

2) Proof of English language ability by delivering one of the following certificates:

  • TOEFL iBT minimum score –100;
  • IELTS minimum score – 7.0;
  • CPE minimum grade of C;
  • CAE minimum grade of B;
  • BEC Higher minimum grade of B;
  • Have passed one of the CEMS-accredited local English exams (not offered at Nova SBE);
  • A-level GCSE issued in Singapore.
  • University degree taught entirely in English and validated by the CEMS Office;

As long as candidates have proof of enrolment in one of these exams they can apply. Selected students must have their results before the official CEMS enrolment, deadline May 31. Please note that candidates that do not have a qualifying score or credential by time do not enter the MIM program.

3) An up-to-date academic transcript from your Undergraduate Degree showing courses taken, grades and ECTS;

4) Motivation letter / cover letter, in English;

5) Language information template duly filled by the applicant (this document will be sent to your email once you complete the CEMS application form).

6) Optional: proof of proficiency in any other foreign language declared for MIM studies (other than English). NOT obligatory;

For Nova Masters applications:

Candidates will have to fill Nova's application form and deliver the following:


  • Passport photo
  • Copy of ID card
  • Curriculum Vitae (in English)
  • Grade transcript with full list course list and grades
  • English Certificate (when available)
  • Second foreign language certificate (for International Master in Finance)
  • Proof of mobility experience (for International Masters in Finance)
  • Application fee payment receipt (non-refundable fee of 51€ for all applicants)
  • Any other documents in English that you think may enrich your application, such as a motivation letter or reference letter


* Eventual enrolment will be contingent on the presentation of an Official Graduation Certificate.

Student Selection Dates: 

The communication of the admission results for the Masters will be given approximately one month after the day of the application.

Students pre-selected to the CEMS MIM program are invited to attend an Assessment Center in Lisbon. Candidates usually have the final result shortly after their assessment session.

Language of Instruction: 

The language of instruction in all Masters Programs is English.

Students are expected to use English for all written work, class presentations, group-work, readings, and examinations. Students are responsible for ensuring that their level of English is good enough to undertake the Masters curriculum, in all of its
dimensions, follow class discussions, prepare assignments, make presentations, and take exams.

Duration and Full-time Workload: 

35 ECTS is the maximum number of ECTS credits a student may take at NOVA in any one Term/Semester. 1 ECTS = 28 hrs of study, including lectures, assessment, individual and group works.

Language courses: 

Nova SBE Masters requires the knowledge of a 2nd Foreign Language, which is considered an important competence to the future of the Nova SBE Masters graduates.

The following courses are offered:
Spanish Language course addressed to Portuguese speakers;
Portuguese Language course addressed to other nationalities.

Also, the University has its own autonomous Language Institute: ILNOVA, where students have a multitude of courses and schedules, at reduced rates for NOVA students. Students are encouraged to consult their website:

However please have in mind that these language courses will not be valid for CEMS 3rd language requirement, only for the Masters.

Term Dates for the Master Programme(s): 

The students applying for the academic year 2018/2019 CEMS MIM, must begin their Masters in February 2016 or September 2017 to be eligible to start the CEMS MIM in September 2018.

There will be three Assessment Centers held in March- June.  Candidates will be contacted shortly after the Assessment Center to notify them of their final result.

 MSc Academic Expenses

Tuition fees, Scholarships: 

Fees for the CEMS Master’s in International Management total €10,500.

During the first two academic semesters of the Masters, while the student is taking the curricular part of their MSc in Economics, Finance or Management fees will be paid according to the program being pursued.

Please note: Nova SBE requests a non-refundable enrollment fee one year prior to the start of the MIM which would be deducted from the MIM fee.

Funding & Financing

During the first two academic semesters of the program while the student is taking the curricular part of their MSc program in Economics, Finance or Management, all the funding conditions for MSc students apply. For full details of NOVA Merit Awards, NOVA Masters Scholarships, Social Services Scholarships and other types of financial aid, please consult the “Fees and Financial Aid” section of the appropriate MSc program at

 Living Expenses

Estimated monthly budget for single students:

Housing (shared)€200-€400
Meals & groceries€150-€200
Additional Expenses : 

The price list below, including some everyday articles, will give an idea of the cost of living in Lisbon.

Articles Price

Cinema Admission

5.20 €

1 Coffee

0.55 €

1 Coke (33cl)

0.80 €

Daily Newspaper

0.85 €

Disco Admission

10.00 €-15.00€

Full meal in a middle class restaurant

15.00 €

Subway ticket  - 1 trip

1.20 €

Bus ticket

1.60 €

1 Beer (pub)

2.50 €

1 Beer (supermarket)

0.80 €

1lt Petrol

1.30 €

Photocopy (A4 size)

0.10 €

Target of this fact sheet: Enrolled CEMS MIM Students before their term abroad

Curriculum Specificities : message from the CEMS Academic Director: 

Nova School of Business and Economics is the most prestigious Portuguese business school and a benchmark in research, teaching, and executive education. At Nova SBE, students benefit from a truly international environment - students of 60 nationalities interact with faculty from 19 different countries, all courses at the Masters level are taught in English, and the School has 150 exchange agreements with universities in 47 countries.

Nova SBE believes that excellence in teaching in the area of international management can only be achieved through class participation by students and close interaction with faculty. To accomplish this, we limit the number of students per class, draw extensively on case-studies, and organize much of the work around team projects.

 Academic Information

Required Documents before arrival: 

To apply to NOVA’s MIM program students should use the online registration system at to apply. They should also apply SEPARATELY to the appropriate MSc program that they wish to link to their MIM program: in Economics, Finance or Management.

Required Documents After arrival at University: 

- For a term abroad at NOVA, CEMS Programme Managers will register their students online at as part of their own MIM program. NOVA does not have a separate online nomination system.

- For the Business Project (Term 2) a CV may be requested to the student

Enrolment as visiting Student: 

All pre-enrolment is centralized at the NOVA CEMS Office. In due course, students receive an email from the NOVA Programme Manager with a list of available courses, the calendar of enrolment, among others.

Course offer availability and registration: 

Term 1 - We will update around April/May time with the course offering for the upcoming semester (Fall).

Term 2 – We will update at the end November prior to the start of the term the following year (Spring).

Language(s) of Instruction other than English: 

At Masters level and beyond, courses are only offered in English. No other language is required to study at the school.

Language requirement: 

Other than the minimum level of English required to enter the MIM program, as set by CEMS, no other requirements are made on students.

Language offer: 

The University has its own autonomous Language Institute: ILNOVA, where students have a multitude of courses and schedules, at reduced rates for NOVA students. Students are encouraged to consult their website:

These courses are not considered for the CEMS MIM 3rd language requirement however.

Minimum and Maximum Workload requirements: 

35 ECTS is the maximum number of ECTS credits a student may take at NOVA in any one Term/Semester. 1 ECTS = 28 hrs of study, including lectures, assessment, individual and group works.

Terms Dates
Academic YearTerm 1Term 2
Terms Dates : Details
Term 1Term 2
Student Registration Period :May - JulyNovember - January
Terms Dates details :September to DecemberFebruary to May
Welcome Day / Orientation weekFirst week of September
Block Seminar / Launch EventLast week of August/first of SeptemberLast week of January
School Vacations / Public HolidaysMid decemberEaster
Exam PeriodFirst half courses: mid October // Second half & full courses: mid DecemberFirst half courses: mid March // Second half & full courses: end of May
Terms Dates : Additional Information: 

MIM Business Project: end of May

 Academic Expenses

MIM Academic Expenses: 
  • Block Seminar Fee, Fall Term - 250 €
  • RGL Fee, Spring Term - 75 €

 Living Expenses

Estimated monthly budget for single students:

Housing (shared)€200-€400
Meals & groceries€150-€200
Additional Expenses : 

The price list below, including some everyday articles, will give an idea of the cost of living in Lisbon.

Articles Price

Cinema Admission

5.20 €

1 Coffee

0.55 €

1 Coke (33cl)

0.80 €

Daily Newspaper

0.85 €

Disco Admission

10.00 €-15.00€

Full meal in a middle class restaurant

15.00 €

Subway ticket  - 1 trip

1.20 €

Bus ticket

1.60 €

1 Beer (pub)

2.50 €

1 Beer (supermarket)

0.80 €

1lt Petrol

1.30 €

Photocopy (A4 size)

0.10 €

 Services and Facilities

Health insurance: 

Foreign students have access to medical consultations at reduced prices through the university's Social Services. However, for urgent care, you should seek help at the nearest Hospital or Health Centre. The hospital will ask you for social security identification. If you are a European Union (EU) resident, the health certificate E-110, E-111, E-128 or similar form is acceptable. You can get this form from your regional health authority. Non-EU residents should arrange insurance coverage before leaving their country of origin.

For some medical fields, private doctors provide better or faster consultations. We therefore advise you to secure an appropriate health insurance in your country of origin, even if you come from another EU Member State. In case of an emergency, dial 112 (free call) and ask for the ambulance service.


EU nationals may enter Portugal with their national identification cards - no passport is required. Other foreign students must bring their passport; an entrance visa is still requested from some nationalities. Please check at your nearest Portuguese embassy about immigration requirements. Portugal is a Schengen convention founder. The identity of passengers proceeding from another Schengen country will not be checked at the border-except randomly, for security purposes. Exchange students are not required to ask for a residence permit.

However, whatever your nationality, you are advised to carry your identification card or passport whenever circulating in public spaces. Every citizen in Portugal must be able to prove his or her identity to police on demand.


Accommodation in Lisbon is relatively inexpensive, the offer of apartments and shared flats is huge.

With regards to the rents: students residences start at around €200 per month, rooms in shared flats start around the same price and should not cost you more than €350. Individual apartments are a little bit more expensive.


 Check CEMS forum for accommodation (outgoing students will post their flats; additionally students will send this information to you). (go to Alojamento), here you find a wide range of offers for shared flats, mostly among international students (note: many Portuguese live at home or in individual flats) Nova's CEMS Corporate Partner.

 For individual apartments you should contact one of the real estate companies in the neighborhood you want to live in.

Nice areas to live in:

Bairro Alto (the nightlife center of Lisbon with lots of cool shops and bars)
Baixa/Chiado (city center with major shopping etc.)
Santos (nice neighborhood with a range of furniture designer stores by the river)
Marquês Pombal (located exactly between the city center and the university)
Graça (nice old town area with lots of churches, the famous Feira da Ladra market, viewpoints over the river)
Alfama (historical old town, narrow, typical uphill streets, Fado restaurants)
Residential areas around the university campus (Praça de Espanha, S.Sebastião etc.)

Check out CEMS partner HousingAnywhere in addition to the local offers

Other facilities: 

NOVA’s Infrastructure - Premises

A separate building for CEMS students
Separate premises for executive education
A variety of classrooms reflecting the specific needs of courses
A large room for conferences and theoretical classes
Adequate student areas
IT, Library and other support facilities

Campolide Building

The Campolide building has everything that undergraduates, Masters and Ph.D. students need:
A conference room and several differently equipped rooms of varying sizes.
Study rooms
IT facilities
Faculty offices
Support facilities (canteen, cafeteria, etc.)


Almada Negreiros Library (Campolide)
More than 20,000 books, 1,800 journal and magazine subscriptions and 20,000 working papers from several national and international universities and other research institutions.

European Documentation Center (Campolide)
Several publications and official documents from European institutions.
Access to several on-line databases (EUR-Lex, EUDOR, INFO92).
Access to the main sources of European information via the European Union information servers (EUROINFO, EUROPA, EUROSTAT, CORDIS, ISPO).

Internships support and national regulations: 

For MIM internships please contact the MIM team (


Check out CEMS Internship Guide

Orientation / CEMS Club and other Student Clubs: 

Nova SBE is fortunate to have a very dynamic and talented group of students in its CEMS Student Club. In fact, they have received the CEMS Club Award twice. Be sure to join in!

Information about the city / the country: 

The capital city and physically the largest in Portugal, Lisbon consists of a central municipality that is home to just over 550,000 people. It stands today as the economic, historical and cultural nucleus of the country and is generally considered the most desirable city in which to live in Portugal.

The rich architecture that marks the city is very much a reflection of Lisbon’s long and rich history, which began over 1000 years before Roman rule. It went through periods of Germanic and Moorish influence, as well as recapture by the Crusaders, and this colorful past is mirrored by the Romanesque, Gothic, Baroque, and Traditional Portuguese, Modern and Post-Modern constructions that can be found all over. More impressive still is the fact that some of the sites still standing today survived an earthquake that hit the city in the mid-18th century.

European Capital of Culture in 1994 and subsequently host to Expo 98, Lisbon offers a plethora of museums and architectural sites that cater for many different tastes, from ancient to modern and from fashion to theatre. Your “to-do” list ought to include some of the following: the Museu Nacional de Arte Antiga (National Museum of Ancient Art), the Museu Calouste Gulbenkian (Calouste Gulbenkian Museum, containing varied collections of ancient and modern art), the Lisbon Oceanarium (Oceanário de Lisboa, the second largest in the world), the Museu Nacional do Traje e da Moda (National Museum of Costume and Fashion), the Berardo Collection Museum (Modern Art) and the Museu Fundação Oriente (Lisbon Orient Museum).

Lisbon’s opera house and theatres are also active, especially in the autumn-winter season, while contemporary culture and interests are well represented by annual festivals given over to Gay and Lesbian Cinema, Street Magic, Literature, Photography, Fashion and Design, amongst others.

Depending upon your personal preferences, you may want to begin with the oldest district in town (Alfama) with its winding streets, Fado clubs and steady ascent towards St. George’s Castle which overlooks downtown and the Tagus River, alternatively Chiado with its galleries, cafés and bookshops. Bairro Alto is the youthful heart of the city and home to art, design, hip stores and alternative nightlife, whilst Estrela and Belém are an essential stop if you wish to see the Baroque-Neoclassical Estrela Basilica and the Jerónimos Monastery, or drop-by the Centro Cultural de Belem (CCB) the largest cultural centre in Portugal.

Because of the layout and landscape of Lisbon, which is built upon seven hills, you are well advised the see the city by tram or, better still, funicular if trekking around becomes a little too much for the feet.

Football remains king, with Benfica and Sporting Portugal the most prominent clubs in the capital, with both club’s stadiums located in the heart of Lisbon. The infrastructure is of a very high standard, a legacy of Portugal’s having hosted the 2004 UEFA European Football Championship. Other sports that are well represented include handball, basketball, roller hockey, athletics, rugby, sailing, golf and mountain-biking and Lisbon has the facilities to match.

So, whether you’re a culture vulture, an architecture buff or a sport billy, “Lisboa” is in danger of having much to keep you occupied.


  • Go to the Castelo de São Jorge in the late afternoon to watch the amazing view over the city.
  • Take a walk around the former Expo Pavilions at Parque de Nações - the most modern part of the city – and pass by one of the free concerts at the Casino de Lisboa Monday nights in fall.
  • Visit Belém – one of the nicest suburbs of Lisbon – and check out the Torre de Belém, have some of the famous Pastéis de Belém (typical Portuguese sweets), walk around the botanic garden and visit the Jerónimos Monastery.


  • Have an Apfelstrudel whilst reading their international press, travel guides or books in many languages at the cosy Austrian Café Pois (around the corner from the famous Sé cathedral).
  • Enjoy after-work hours at Café Noobai at the Miradouro Santa Catarina and have one of their yummy sandwiches and bagels.
  • Drinks, Restaurant, Theater or Art – Don’t miss the creative all-round talent Chapitô located in Costa do Castelo – right around the corner from there: O Terraço - An open-air lounge on a rooftop!
  • Have one of the best Pizzas in Lisbon at Casanova (across the street from the metro station S.Apolónia).
  • Check out the many bars and discos at the Docas near the Alcântara station.
  • Party at Lux – Lisbon’s most famous club owned by John Malkovich (best DJs on Thursday nights).
  • Tip: Subscribe to the newsletter “Lecool” to be informed about the hottest parties, exhibitions, theatres or happenings in Lisbon on a weekly basis
  • AND: get the magazine “Lisbon Time Out”


 There are busses that you can take from Praça Espanha (right next to NOVA) to get to the Costa Caparica: wide beaches south of Lisbon, great surf spots.

Tip: don’t stay at the part of the beach near the town Caparica, but go further along the coast, here you can find nice beach bars and even a little train that takes you along the coast!

You can also take the train from Cais do Sodré that takes you to Carcavelos, Estoril and Cascais (beaches west of Lisbon).

Tip: get off at Estoril, walk down to Cascais, have ice-cream at the famous “Santini” and rent bikes (for free, just next to the train station) and head to one of the most beautiful beaches: Guincho.


Get the train from Rossio and head to Sintra: in this touristy but lovely town 40 minutes from Lisbon you can take a walk up a forest path (the lazy ones can take a little train) and visit the colorful Castle.

North of Lisbon you should visit the small town Obidos and have Ginga in chocolate cups (let it be a surprise), head up further north to the number one students’ city Coimbra and further to Porto: Portugal’s second biggest city.

South of Lisbon you could travel down the Cost Alentejana: nature and very nice beaches! Further south, you have to see the Algarve: rocky beaches, great weather, the Portuguese’ favorite vacation destination within the country. Cities like Faro, Carvoeiro, Silves, Portimao and Sagres (the most western point of Europe) are very nice to see.

Tip: take a boat trip to see the caves that you cannot reach from the beaches. You will feel like in “The beach” – amazingly beautiful.


Public Transportation:
There are 4 metro lines, several tram lines (eléctricos) and many busses. You can either get one-way tickets at any metro station automate and in case of busses and trams, right at the driver when entering (1.50-1.70€).).
Another possibility is getting a 7 colinas or viva viagem card at the mentioned automates. These you can charge and use for more than one trip.
If you use public transportation on a daily basis it is probably the best to get a Lisboa Viva card: you can get it for 7€ at the main metro stations: once ordered it will normally take around 10 working days until it’s ready. You should bring your passport, a proof that you are a student as well as a picture of yourself. This card can be reloaded monthly for metro, bus and tram for 33.85€ / 16.95€ (sub-23 years old).
Tip: Get it at the stations Campo Pequeno, Avenida or Alameda, it will cost you 12€, but you will be able to pick up the card within 1 working day.
Here you can calculate routes, metro/bus/tram maps and find schedules:

Within the city, it is not necessary at all to have a car. When considering going to the beaches and making trips around Lisbon and Portugal, a car makes your life much easier.
Driving in Lisbon is easy, after a while you will find you way through, even though there are many one-way streets and some traffic. Parking within the very center is difficult and often payable. In residential areas it is easy to find and not payable. Highways in Portugal are payable. Once entering a highway you pass a toll/road charge station after a while, charging an amount between 1.30 and 3€ depending on the highway or bridge you are using. However, if you want to go to a distant city, like Porto, by car, you’ll be charged around 20€. There are also very inexpensive car rentals where you can rent a car for one or a few days (for trips etc.) at rates around €20-40 a day:

Taxis in Lisbon are very inexpensive (relative to other European cities). This is very convenient when going out. Most of the people take cabs to get home and also to get from one bar to another club.

Target of this Form: Enrolled MSc students applying to MIM at this school