Master of Science in Banking and Finance

General

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Program Description

About

The Master of Science in Banking and Finance is the flagship program of the Luxembourg School of Finance. It offers a comprehensive curriculum encompassing both classic and more recent areas of the finance discipline as well as the principal functions of banking.

The cross-functional curriculum provides a dynamic framework of analytical skills and intellectual tools, providing an integrated approach to solving complex banking and financial problems. In addition to a broad range of core courses, students may select one of three streams representing mainstream areas in which they can obtain a deeper knowledge.

Students study with the School’s permanent faculty. The diverse faculty, which maintain close ties to the Luxembourg banking and financial community, engage in leading research and advanced banking and financial knowledge and practices on many fronts including market valuation of financial instruments, risk management, and behavioral finance. In addition, some invited professors from renowned finance faculties of other universities teach selected courses.

The program is ideally suited to students seeking a career in corporate finance, asset and wealth management, banking and related fields. While the majority of incoming students have a prior academic background in economics or business studies, many come from fields such as applied sciences or law.

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Program Formats

The program is offered in both full-time and part-time formats with a start in the autumn. Enroll online.

  • The full-time format begins in September and finishes in June of every year, followed by an obligatory internship. Classes are generally in full-day block format and are held on one or more weekdays (Monday to Friday) during every week of the academic semester. Note that the days vary each week in terms of the day(s) of the week and number of days.
  • The part-time format involves following classes with the students of the full-time format but for only half the courses each year. Classes are generally in full-day block format and are held on one or more weekdays (Monday to Friday) of every week of the academic semester. Note that the days vary each week in terms of the day(s) of the week and number of days. Part-time students do not generally complete an internship but earn equivalent credits through additional courses or a Master’s Thesis.

    Part-time students who are employed are encouraged to consult with their companies concerning their obligation to attend class at irregular days of the week during each academic semester. These are published in a semester calendar at the beginning of each semester.

Degree

The MSc in Banking and Finance is a post-graduate degree offered by the Luxembourg School of Finance of the Faculty of Law, Economics, and Finance.

Master programs accredited by FIBAA, an internationally-recognized agency for quality assurance and quality development in higher education, in November 2015 for a period of five years.

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Curriculum

The Master of Science in Banking and Finance curriculum comprises 60 ECTS and 500 lecture hours, in addition to field work or a possible Master’s Thesis. It is structured into five components: Core courses, Stream courses, an academic Week-In-Residence, an internship (FT) Master’s Thesis (PT) and elective practical courses.

Core Course Modules

Core courses are obligatory and encompass both foundation and advanced fields of finance and banking.
They are organized into four modules: Foundation; Finance; Advanced Finance; Accounting, Governance, and Ethics.

Stream Course Modules

The program contains three Stream Modules - Banking, Investment Management, and Risk Management - containing courses that provide an opportunity for more specialized study. Students must select one Stream Module; courses from the chosen Stream Module are obligatory.

Academic Week-in-Residence

As a part of their curriculum, students may attend an Academic Week-in-Residence at New York University (NYU) Stern School of Business sponsored by the Luxembourg School of Finance. The week involves lectures from renowned faculty on specific advanced topics in finance. Alternatively, they may write an academic research paper on a topic in finance assigned to them.

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Internship or Master’s Thesis

As an integral part of the course, full-time students are required to perform an internship for a period of not less than 12 weeks. Students are free to seek an internship that suits their interests and objectives, provided that the nature of the internship is in relation to banking or finance.

The LSF provide assistance in finding an internship with a bank or non-bank financial services company of the Luxembourg financial center. Typically a wide variety of internships representing a range of different business activities in the financial center are available.

Part-time students are required to present a Master’s Thesis on a subject of their related to banking or finance. The subject and thesis proposal must be approved by the advising faculty member.

Elective Practical Courses

Students are strongly encouraged to attend Elective Practical Courses, which are offered to provide specific hands-on technical skills valued by employers. Currently, the courses offered consist of:

  • Financial Applications using Excel (Basic and Advanced)
  • Excel VBA Programming
Last updated April 2019

About the School

The Faculty of Law, Economics and Finance, University of Luxembourg includes three disciplines offering exceptional academic programs and conducting rigorous research activities. The Faculty is an evo ... Read More

The Faculty of Law, Economics and Finance, University of Luxembourg includes three disciplines offering exceptional academic programs and conducting rigorous research activities. The Faculty is an evolution from the departments of law and economics of the former University Center (Centre Universitaire), the predecessor to the University of Luxembourg. Read less
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