Master of Science in Banking and Finance

The MSc in Banking and Finance is committed to creating leaders who are creative thinkers and team players. It provides specialised training in the various professions of the banking and finance areas: the educational philosophy of the MSc is to further a conceptualised and professionalised expertise linked to this particular sector, contrary to the MBA, which trains generalists for global management.
 
The programme is not a static set of directives, but a dynamic framework of analytical skills and intellectual tools. It offers students a cross-functional curriculum, entirely in English, which provides an integrated approach to solving banking and financial problems. Participants will gain a solid understanding of the interactive nature of making business decisions.
 
The MSc pursues a balanced approach to business education, linking theory to real-world business through teaching and research that are innovative, rigorous, and relevant to career-long learning. Participants study with a team of permanent University of Luxembourg professors and adjunct lecturers from leading institutions in Europe and North America. The diverse faculty, which maintains close ties with the banking and financial community, continues to advance banking and financial knowledge and practices on many fronts.
 
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.
 
Learn more about this programme > 

Full-time and part-time

We live in exciting times. Technology, globalisation and the New Economy have not only changed the paradigms of business, they have fueled new thinking in management education.

The MSc in Banking and Finance is committed to creating leaders who are creative thinkers and team players. It provides specialised training in the various professions of the banking and finance areas: the educational philosophy of the MSc is to further a conceptualised and professionalised expertise linked to this particular sector, contrary to the MBA, which trains generalists for global management.

The programme is not a static set of directives, but a dynamic framework of analytical skills and intellectual tools. It offers students a cross-functional curriculum, entirely in English, which provides an integrated approach to solving banking and financial problems. Participants will gain a solid understanding of the interactive nature of making business decisions.

The MSc pursues a balanced approach to business education, linking theory to real-world business through teaching and research that are innovative, rigorous, and relevant to career-long learning. Participants study with a team of permanent University of Luxembourg professors and adjunct lecturers from leading institutions in Europe and North America. The diverse faculty, which maintains close ties with the banking and financial community, continues to advance banking and financial knowledge and practices on many fronts.

Curriculum

The curriculum of this 60 ECTS Master programme includes 400 lecture hours and a Master Thesis or a Business Field / Research Project. The full-time programme is organised over one year during weekdays and in blocks of two to three days (including Saturdays). This programme is incompatible with a professional activity as classes are given during the day from 9:00-17:30.

Optional induction modules in Mathematics/Statistics and in Financial Accounting are available on request for students who need preparatory courses in order to effectively use the quantitative and accounting techniques.

Banking

• Investment Banking
• Microeconomics of Finance and Banking
• Banking Value Creation and Asset & Liability Management

Accounting

• Corporate Financial Reporting and Credit-Scoring Analysis
• International Accounting
• Financial Instruments Accounting

Finance

• Portfolio Theory and Management
• International Finance
• Corporate Finance
• Corporate Governance

Investments 

• Real Estate Investments
• Derivative Securities
• Fixed-Income Securities
• Risk Management

Fund Industry

• Hedge Fund Industry
• Mutual Fund Industry
• Quantitative Funds Performance Measurement

Strategic Management

• Strategy in Banking
• Business Strategy and Management of Innovation

Full-Time Programme

The full-time programme is organized over one year during weekdays and in blocks of two to three days (including Saturdays). This programme is incompatible with a professional activity, as classes are given during the day from 9:00 - 17:30.

The full-time programme is divided into two semesters >

Part-Time Programme

The part-time programme is organised over two years in blocks of two days (including Saturdays), on average twice a month. Students working in Luxembourg may benefit from a "congé individuel de formation" that allows for special leave to be taken when attending courses thereby keeping holiday accounts intact. For more information, contact the Cedies.

Optional induction modules in Mathematics/Statistics and in Financial Accounting are available on request for students who need preparatory courses in order to effectively use the quantitative and accounting techniques.

The part-time programme is divided into four semesters >

Admissions Criteria and Tuition fees and Funding

Admissions criteria

The Master of Science in Banking and Finance is designed for highly dedicated people willing to pursue a challenging career in the financial sector.

• The programme accepts strongly motivated individuals
• Admission will be based on individual assessment and a personal interview
• To be eligible, you need to have 240 ECTS credits (the equivalent of a Master degree) or a Bachelor degree with 3 years of professional experience post studies.
• As the language of instruction at LSF is English, participants are expected to have a good command of the language

Tuition Fees and Funding

Tuition fees for either the full-time or part-time programme amount to 17,500 EUR. This amount includes the inscription to the residential academic week at the New York University Stern School of Business (courses and hotel).

Part time students are usually either self-financed or company sponsored. Self-financing students may benefit from financial assistance (loans, refunds) by the CEDIES (Centre de documentation et d’information sur l’enseignement supérieur, Luxembourg).

Some scholarships for deserving full-time candidates are available by the LSF Foundation. Clearly indicate your request in your cover letter as well as tick the appropriate field in the application form you submit. Please note these are partial scholarships however and do not cover any part of the living expenses you would need (roughly 900 EUR/month with student housing provided).

The Luxembourg Association for Risk Management Professionals (PRiM) provides an annual scholarship of €3 000 to an LSF student interested in the area of Risk Management. This is open to both full time and part time students who are residents of Luxembourg and the Greater Region.

The Luxembourg Association of Compliance Officers (ALCO) also provides an annual of EUR 3 000 to an LSF student interested in the area of Compliance. This is equally open to full time and part time students who are residants of Luxembourg and the Greater Region. For more information, please contact us

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

Enrolment procedure

Enrollment for the part time programme starting in January 2012 is now open. The online enrollment deadline is December 10th, and all documernts need to be submitted by December 16th at the latest.

Note that you will be asked to enroll for semester 4.

If you are unsure whether your candidature meets admission requirements, please fill in the attached "Statement of Interest" form.

Admission for the full time programme starting in October 2012 will open in February, please consult our website for further information.

Contact us

Prof. Christian Wolff
Director, Luxembourg School of Finance

Mr Julian Presber
Coordinator, Relations with Financial Centre
Managing Director, Master of Science in Banking & Finance

Mrs Ildiko Losch
Administrative Manager, Master of Science in Banking and Finance
Tel : +352 46 66 44 6807

Ms Déborah Marx
Personal Assistant to Prof. Christian Wolff and Mr Julian Presber
Tel : +352 46 66 44 6873

Ms Martine Zenner
Secretary - LSF Research
Tel : +352 46 66 44 6335

University of Luxembourg
Faculty of Law, Economics and Finance
Luxembourg School of Finance
4 Rue Albert Borschette
L-1246 Luxembourg
Fax: +352 46 66 44 6835

For further information see the following website.
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