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Along with the successful completion of the courses, each student has to prepare a research thesis, which forms a necessary partial fulfillment for the successful completion of the Program. The thesis can be undertaken by each student, or by a team of two up to four students. The maximum length of the thesis is 7.000 words for one person, 10.000 words for two persons and 18.000 words for three or four persons.

The subject of the thesis is selected by each student, by the end of the first semester, from a list of subjects that are proposed by the Program. Alternatively, a student could propose her / his research subject, which has to be approved by the Program Scientific Committee. An academic advisor is selected for each thesis, providing coaching and guidance to the student(s). The thesis is submitted for evaluation and grading by the end of the fourth semester of the program.