Master of Science in Finance and Economics

General

Program Description

About

The Master of Science in Finance and Economics is a two-year programme, offering foundational courses at postgraduate level in the first year (M1). During the second year (M2), students have the option to specialise in five different tracks:

  • Banking
  • Investment Management
  • Risk Management
  • Sustainable Finance
  • Financial Economics.

Students who have successfully completed the M1 may also choose to apply for the MSc in Quantitative Economics, which prepares candidates for careers in research or further study at doctoral level.

The MSc in Finance and Economics was developed together with the Luxembourg financial centre. It prepares students for the job market in different finance disciplines in Luxembourg, Europe and overseas.

During their second year, students in all tracks will complete a Master thesis or an internship and placement report, giving them the opportunity to take their first steps in the professional world.

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6 reasons why study finance and economics in Luxembourg

  • Gain knowledge, skills and competences to successfully launch your career
  • Programme designed to meet highest international standards
  • Theory and practice: learn from academics and practitioners
  • Internship and networking opportunities in Luxembourg, a major international financial centre
  • Specialised tracks and curricula responding to changes and trends in the world of economics and finance
  • The master program is part of the network of the European Master in Official Statistics (EMOS).

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Curriculum

The foundational first year will equip students with the knowledge and skills needed to pursue their chosen specialisation in the second year of the MSc in Finance and Economics. In the first semester, students will complete two compulsory modules, covering topics in Finance, Economics and Quantitatives and an introduction to the Luxembourg financial centre:

  • Fundamentals of Financial Markets, Investments and Microeconomic Theory
  • Mathematics and Data Analysis I
  • Programming I (Optional)

In their second semester, three modules are taught in preparation for the second-year specialisation:

  • Asset Pricing and Macroeconomic Theory
  • Data Analysis II
  • Special Topics in Economics and Finance (Electives I)
  • Data Platforms (Optional)

The M1 prepares students for the specialisations of the second year (numerus clausus: maximum of 20 students per track):

  • Banking
  • Investment Management
  • Risk Management
  • Financial Economics
  • Sustainable Finance

Successful candidates with an interest to pursue a career in research or further studies at doctoral level may apply to the MSc in Quantitative Economics. Students cannot graduate with a diploma from the M1. Further study (M2) is needed for the conferment of a degree by the University of Luxembourg.

Learning outcomes

  • Common understanding of finance and economics for students from all backgrounds
  • Insight into the Luxembourg financial centre
  • Understanding of the nature, role and function of financial markets (such as money, bond, and equity and derivatives markets)
  • Proficiency in basic quantitative tools and techniques
  • Application of knowledge to recognise and analyse complex problems in the given field; identify and answer questions using scientific methods.

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Career

Luxembourg offers a dynamic and international job market. Graduates from the MSc in Finance and Economics, based on their second-year specialisation, will be prepared for different career paths in Luxembourg or abroad, for example with:

  • Banks and other financial institutions
  • Asset management firms
  • Consultancy companies
  • Industrial companies
  • Insurance companies
  • European or national financial institutions
  • Financial administration
  • Academia

The different tracks allow students to pursue their chosen field of specialisation while also offering a common foundation and the opportunity to explore the basics of each field. The result is a well-rounded education in finance and economics enabling graduates to successfully enter the job market.

Admissions

Students applying for the two-year MSc in Finance and Economics need to have successfully completed a Bachelor’s degree or equivalent (180 ECTS) in economics, finance, management, mathematics, computer science or physics.

The MSc in Finance and Economics can be studied entirely in English. Students need to be able to demonstrate proficiency at B2 level. Students may choose to take courses taught in French (only optional courses). Additional certificates confirming proficiency will be required in this case.

Last updated May 2020

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About the School

The Faculty of Law, Economics and Finance (FDEF) at the University of Luxembourg offers a unique academic and research environment. Teaching and research benefit from the proximity of the European in ... Read More

The Faculty of Law, Economics and Finance (FDEF) at the University of Luxembourg offers a unique academic and research environment. Teaching and research benefit from the proximity of the European institutions, Luxembourg’s leading international financial centre and its vibrant business community. Institutional and private sector partnerships, sponsored Chairs and a growing network of international partner universities make the FDEF a vibrant academic hub at the heart of Europe. Read less
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