Master in Wealth Management

About

The Master in Wealth Management (MWM) is designed to educate and train future wealth managers.

The programme combines traditional finance subjects with person-, legal- and tax-centric subjects such as client relationship management, estate planning, ethics and international taxation.

Graduates will be able to find jobs in private banks, foundations, family offices, consultancy firms, insurance companies, and investment firms, among others.

The curriculum is made up of 27 courses ion four-course modules, a module in Singapore and an internship. Depending on starting date and duration of the internship, the course can be completed in either two or three semesters (one year or 18 months).

The MWM was developed by the Luxembourg School of Finance (LSF) in cooperation with the Private Banking Group Luxembourg (PBGL) to meet the continuous need for talented and well-trained specialists in the continuously growing field of Wealth Management.

The teaching staff includes leading academics from the University of Luxembourg and other universities, as well as industry specialists with extensive experience and networks in their subject areas.

The programme is offered in a full-time and in a part-time format. Students registered in the part-time format attend the same classes as the full-time students, but over two years. They take some courses in the first year, the remainder in the second year.

Students wishing to attend part-time must be employed and sponsored by a local employer. Please see further information under the menu item “Full-time or Part-time” in the left column on this page.

Curriculum

The curriculum of the MWM is unique in the world, as it combines pure finance courses with law, tax and communication courses, so as to perfectly cover the skill and knowledge set of successful wealth managers. The 27 courses offered in the programme are divided into investment-centric courses (equities, bonds, real estate, hedge funds, derivatives, alternative investments, etc.), client-centric courses (personal portfolio management, estate planning, communication, tax-planning, etc.) and courses on laws and ethics.

After earning 54 ECTS credits, Full-time students will put into practice their newly learned skills and knowledge in an internship. Part-time students write a Master’s thesis.

Classes are participative and practice-oriented. For many courses (even the most technical and factual ones), we will involve practitioners drawn from the PBGL group to elaborate on the practical significance of the material learned. For some of the most “core” wealth management courses panel discussions with experienced private bankers and realistic case-studies will be used.

Several courses will be given over the course of one to three full days of teaching. This concentrated format - as opposed to spreading out the courses and having two or more subjects each day – is valued by the students who get to spend one or more days exclusively with their course lecturer(s).

Most courses have written examinations in one of four “exam weeks” that follow the holiday weeks of All-Saints (autumn), Christmas, Easter and Whitsun. Some courses will have individual (take home) assignments instead of the written exam. Class participation, team assignments, and presentations may also be part of the final mark for each course. Course marks are given on a scale of 20, with 10/20 being a passing mark.

Full-time Format

The full-time format is structured in two semesters, each semester containing 30 ECTS. Courses are taught in block format involving half-day or entire-day classes. The days of the week on which classes are held can vary by week. Classes in one course may or may not be in successive days. The schedule for classes and exams is published in advanced in a semester calendar. Total class size is between 30 and 35 students (including both full- and part-time students).

Students may elect to extend the duration of their course for an additional, third semester in order to facilitate finding an internship. In this case, the student may perform an internship up to the end of the following Winter Semester (mid-February). Full-time students participate in the required academic week-in-residence in Singapore upon successful completion of all other course requirements of the academic year.

Part-time Format

Students sponsored by their company for part-time study may elect to follow the course on a part-time basis over a two-year period. During this period they may continue to be employed on a part-time basis, on a half-time basis during academic sessions.

Part-time students take the classes together with the full-time students, taught in block format involving half-day or entire-day classes during the day. During the academic sessions, the number, of course, days per week will be between two or three days on average. However, this is subject to variation in any given week - some weeks will require a greater number of days class attendance and some fewer. The part-time format requires students to take half the regular total course load in each semester over two academic years. Students select which courses they wish to take from the courses offered in each semester, leading to the completion of all required credits within four consecutive semesters.

Each course in this Master's is offered only in one semester (Winter or Summer) in an academic year. It is the student's responsibility to ensure that he or she completes the required courses in the semester they are given, with the requisite number of credits, in order to be eligible for graduation in the desired year.

Given the structure of the part-time format, part-time students are required to be present on average two to three days (during the daytime) in each weak of the academic semester (in addition to exams, extra-curricular courses and other events). It is therefore not possible for part-time students to engage simultaneously in full-time employment. Part-time students participate in the required academic week-in-residence in Singapore upon successful completion of all other course requirements.

Arrangements for employment on a part-time basis during the duration of the course are the responsibility of the student. Experience shows that employers will grant such a facility, including in some cases financial support for the tuition fees, to existing employees whom they wish to support in the purpose of this Master for the purpose of upgrading their qualifications.

Fees

Tuition fees for the full-time and part-time programmes amount to 17 500 EUR. Included are all teaching materials, and accommodation for the Singapore module.

Full-time students will be enrolled for two semesters with the possibility of a third semester to finish their internship. They start their studies in the winter semester (from September until February), finish their Luxembourg-based courses in May and do their Singapore module in July. The three-semester enrollment enables the student to do an internship of up to 9 months. Students who need additional semesters to finish their studies will pay €200 per semester.

Part-time students will be enrolled for four semesters. They spread their course-work over the four semesters and do their Singapore module in their fourth semester. Also, part-time students pay €200 per additional semester that they need to finish their studies.