University of Luxembourg, Faculty of Law, Economics and Finance
Master in Finance and Economics – Investment Management
Luxembourg City, Luxembourg
Master degree
DURATION
2 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
24 Mar 2026*
EARLIEST START DATE
Sep 2026
TUITION FEES
EUR 400 / per semester **
STUDY FORMAT
On-Campus
* non-EU: 1 Feb 2026 – 24 Mar 2026 | EU: 1 Feb 2026 – 24 May 2026
** 400€/ sem. (semester 3,4)
Give your career in asset management a head start.
Developed by academics in conjunction with the expert advice of industry professionals, the Investment Management track connects frontier research with professional practice.
Deep dive into the field of investment management
The Investment Management track is designed to prepare students for a career in the investment, private equity, and asset management industry. The programme provides a solid theoretical foundation for investment models, quantitative techniques, and data science applied to investment decisions. Students gain a strong grasp of the operational processes and regulatory environment of the industry.
Core strengths
A unique blend of theory and practice
You will acquire in-depth knowledge of state-of-the-art finance theories and data analysis methods that underpin professional portfolio management and apply them to find solutions to real-life investment challenges.
You will benefit from a tailored education delivered by leading academic experts and senior investment professionals.
In the heart of a thriving financial marketplace
Luxembourg is a major investment fund centre for traditional and alternative asset classes. It is also a leading centre in the area of responsible and impact investing.
During your studies, you will meet and network with leading business and public organisations and major players in the Luxembourg financial marketplace.
A tailored career support
Throughout your studies, you will benefit from continuous support and guidance that goes well beyond academic learning. Our career advisors, together with corporate partners, will provide support that is tailored to your individual choice of career path. The opportunity to follow an internship will enable you to start your career with confidence.
General University scholarships:
- Guillaume Dupaix International Master’s Scholarship
- Portabella Scholarship
Scholarships available for this programme:
- Advanzia Bank Scholarship
- Ferrero Fellowship
Fusing investment theory with practice
- Demonstrate in-depth knowledge of fundamental finance theories that underpin professional portfolio management and be able to apply them in the context of real-life investment decisions.
- Gain strong practical skills in areas such as investment analysis, valuation, investment allocation, and portfolio management.
- Apply quantitative models and econometric tools to complex financial problems, including the evaluation of investment strategies and the management of financial risks.
- Apply analytical methods throughout the investment process and utilize state-of-the art techniques for building and evaluating investment strategies, and for optimising and rebalancing investment portfolios.
- Demonstrate a thorough knowledge of the economics, operational, and regulatory framework of the asset management industry, the roles of the different economic agents, and the characteristics of the underlying investor base.
- Attain a high level of familiarity with responsibilities and principles for ensuring professional standards and ethical practice in asset management.
Graduates of the Investment Management track acquire a well-rounded education in the fundamentals of finance and economics along with specialized in-depth knowledge of portfolio management and quantitative finance, as well as crucial applied knowledge of the industry-specific structure, mechanisms and trends. The unique educational blend and the established network of professional leaders are a key to students’ success in the investment industry.
Gain a competitive edge for a career in asset management
The track provides a thorough understanding of the theoretical fundamentals of asset management. It draws on frontier research in asset pricing. It also equips students with in-depth knowledge of state-of-the-art quantitative analytical tools used in asset management and their theoretical foundations in order to apply and to adapt them efficiently for any given financial problem they encounter.
The programme is also highly applied. It aligns in-depth academic context and professional relevance. The track leverages on the unique local asset and many of the lectures are delivered by highly regarded experts from the Luxembourg investment fund industry. It aims at preparing its graduates to tackle future challenges of the financial sector, adapting fundamental models in finance to the ever-changing landscape of asset management.
The track is divided into four modules. An investment management module covers fundamental subjects in portfolio management, alternative investments, and quantitative models for investment decisions. Two elective modules cover a broad spectrum of special topics in finance. Finally, students are given the option to complete an internship with an applied master's thesis or to write an academic thesis.
Attendance at second-year courses is compulsory.
The courses of the first year are part of the main common programme and not track-specific.
Course offer for Semester 1 (2025-2026 Winter)
- 1.F1.Financial Markets and Institutions – The Luxembourg Financial Centre
- 1.F2.Financial Accounting & Reporting
- 1.F3.Fixed Income Analysis
- 1.F4.Modern Portfolio Theory
- 1.F5.Microeconomics, Risk and Information
- 1.D1.Mathematics
- 1.D2.Statistics
- 1.D3.Econometrics I ( R )
- 1.D4.Econometrics I ( STATA )
- 1.O1.VBA
Course offer for Semester 2 (2025-2026 Summer)
- 2.F1.Asset Pricing Theory
- 2.F2.Macroeconomics and International Finance
- 2.D1.Econometrics II (R)
- 2.D2.Econometrics II (STATA)
- 2.E1.Financial Analysis and Valuation
- 2.E2.Corporate Finance
- 2.E3.Derivatives
- 2.E4.Financial Stability : Theory & Practice
- 2.E5.Economie monétaire internationale (Fr)
- 2.E6.Monetary Policy
- 2.E7.Contemporary Issues in Public Finance
- 2.E8.Economics of Innovation
- 2.E9.Public Policy Analysis
- 2.O1.Bloomberg
Course offer for Investment Management, Semester 3 (2025-2026 Winter)
- 3.E1. Behavioral Finance
- 3.E2.Household Finance and Real Estate
- 3.E3.Financial Engineering
- 3.E4.Professional seminars
- 3.IMT1.Fund Management and the Asset Management Industry
- 3.IMT2.Portfolio Management
- 3.IMT3.Investment Strategies
- 3.IMT4.Alternative Investments
- 3.IMT5.Time series analysis
Course offer for Investment Management, Semestre 4 (2025-2026 Summer)
- 4.E1.Design Execution and Evaluation of Research in Finance and Economics
- 4.E2 Financial Econometrics
- 4.E3 Statistics in risk management using R – French
- 4.E4. Incubator Course: Cases of Modern Finance
- 4.E5 Topics in Well-being Research
- 4.E6 Data Protection for Official Statistics
- 4.Applied Master Thesis (including Internship)
- 4.Academic Master Thesis