Master in Economics and Finance (academique)

> Teaching languages: English/French

This Masters is aimed at students wishing to obtain a comprehensive and sound education in finance. The course highlights the largely complementary nature of theoretical analysis tools and their application in business. In addition to the courses taught by the Professors of the University, seminars are run by professionals who are active in Luxembourg’s financial sector. Presentations of companies that offer work placements for students are also scheduled.
 
The course is conducted over 4 semesters (full-time).The first year of the Masters (60 ECTS) consists of the fundamental topics of financial economics. The second year of the Masters (60 ECTS) comprises in-depth courses in economics and financial techniques as well as either a work placement or time to prepare a thesis.

The course is taught in both English and French.

Objectives

In the field of finance there is strong complementariness between theoretical analysis and its applications.
 
The goal of the course is to enable students to adapt to the rapid changes in the financial sector and to make them familiar with the tools derived from the latest research.
 
Learning outcomes

The programme highlights the substantially complementary nature, in the field of finance, between the theoretical analysis and their application in business. It offers students a training course that enables them to adapt to the rapid changes in the financial sector by applying knowledge and tools derived from the latest research.
 
The sound technical and institutional know-how gained from this education program enables our graduates to benefit from a high level of employability in large public institutions (such as Luxembourg’s Commission de Surveillance du Secteur Financier [financial regulator], the country’s Central Bank) or private institutions active in the Luxembourg’s financial sector (for instance, asset management and wealth management, hedging, insurance, private banking).
 
The follow ups opened up by this Masters are among others:

• Doctorate
• Management position in the financial, banking or insurance sectors

Semestre 1
 
MODULE 1A

• Analyse comptable et financière
• Microéconomie financière
• Finance
• Mise à niveau, mathématiques pour économistes (optionnel) 

MODULE 1B

• Econométrie 1
• Finance et croissance
• Macroéconomie monétaire
• Théorie des jeux appliquée à l'économie

Semestre 2

MODULE 2A 

• International finance
• Marchés dérivés
• Théorie du portefeuille
• Portfolio management and risk of interest rates

MODULE 2B

• Venture Capital and Private Equity (“VC & PE”) Financing entrepreneurship and growth (optionnel)
• Économie bancaire
• Corporate finance
• Principes et analyse économique de la fiscalité
• Séminaire intervenants professionnels

Second year (semesters 3 & 4) :  Research Track

>Teaching language: English

The objectives of the program of the Research Track (RT) are manifold: To provide a strong background in and the necessary tools to carry on up-to-date analysis in economics and finance. Emphasis is put on the recent developments in the academic literature on those issues. To give students a flavor of the activities involved in research related jobs.

The RT of the master in Economics & Finance offers a specific program that combines advanced analysis at the research level in two specific disciplines, i.e. economics and finance. Students can make an explicit choice between those disciplines, but have to take compulsory courses and one elective course of the other one. This ensures a large background to students and facilitates cross fertilization approaches between the two disciplines.
 
The RT will give the best master students the possibility to enroll in the Doctoral School in Economics and Finance (DSEF) at the UL. The other students having completed the RT will have the necessary background to apply for jobs in the research related sector, either in Luxembourg or abroad (such as central banks, ministries, the EIB, statistical offices).
 
In order to be admitted the students must have obtained a Master I or an equivalent degree requiring 4 years of studies. If English is not the native language of the student he or she will have to prove the fluency in this language (level B2) by any well-known certificate. Applications are evaluated by a scientific committee.

Target audience and conditions of admission

The Masters is accessible to students who hold a Bachelor degree in economic science, management, mathematics as applied to social sciences, or an equivalent diploma worth 180 ECTS.
 
Students who are admitted to the Masters are selected on the basis on their application by a panel consisting of full-time teachers involved in the Masters. The assessment focuses on knowledge of fundamental elements such as microeconomics, macroeconomics and statistics, as well as the previous grades obtained by the applicants in their Bachelor degree.
 
Students with a background in financial economics that is considered sufficient by the panel and that is worth 240 ECTS can register directly for the 3rd semester.
 
Application

In order to be selected, applicants must fill in the pre-registration form on the university’s website. The director of studies along with the professors belonging to the panel then select the applicants

Sophie Ruffo
FDEF-masterFE.eco@no-spamuni.lu

Enrolment

Online registration is possible on www.uni.lu in the students' section. The "Service des Etudes et de la Vie Etudiante" (SEVE) provides enrolment and individual support to students:
seve.infos@no-spamuni.lu
T. +352 / 46 66 44-6060

Contact

Université du Luxembourg
Faculty of Law, Economics and Finance
Campus Limpertsberg
162a, avenue de la Faïencerie
L-1511 Luxembourg

For further information see the following website.
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