Master In International Finance
Luxembourg City, Luxembourg
Master degree
DURATION
2 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
TUITION FEES
EUR 33,200 **
STUDY FORMAT
On-Campus
* final application deadline for EU-passport holders | early-bird deadline: 15 April 2025
** for students who need a visa | students who do not need a visa: EUR 29,200
Key Summary
The Master in International Finance (MiF) program at Luxembourg School of Business (LSB) is a 2-year full-time Master-level degree (120 ECTS) accredited by the Ministry of Research and Higher Education of the Grand-Duchy of Luxembourg.
What sets Master in International Finance at Luxembourg School of Business apart
Impactful Learning with Real-world Application
- The MiF program at LSB goes beyond theoretical knowledge. It culminates in a mandatory 6-month internship, either in Luxembourg or internationally as well as a Master Thesis, allowing students to apply their learning in a real-world finance setting. This approach ensures that students don’t just learn about finance; they actively participate and make an impact in the field.
Connections with the industry
- The program offers a robust theoretical grounding in finance, paired with frequent opportunities to connect this learning with practical applications through regular interactions with key industry stakeholders. This blend of theory and practice enhances the educational experience, making it more relevant and effective for students.
International and Inclusive Educational Environment
- LSB is situated in one of the most open and international settings, providing students with an inclusive learning environment. This global context fosters diverse perspectives and enhances the learning experience, preparing students for a career in the international finance arena.
Outstanding Career Prospects and Support
- With the dedicated support of the LSB Career Centre, students enjoy excellent career prospects post-graduation. The Centre’s services ensure that students are well-prepared for employment, contributing to full student employment following the completion of their degree.
Master's Thesis
Upon completing all courses and exams, students must draw and defend a Master’s Thesis. The Thesis is carried out under the supervision of a Thesis Advisor and is focused on a research question identified by the student. The topic chosen by the student must be approved by the Thesis Advisor and must be pertinent to the finance business.
The language of the Master’s Thesis must be English.
The Thesis bears 25 ECTS and students must defend it orally in the presence of the Thesis Advisor and of a Discussant.
Study at the source of innovation in finance
As a jurisdiction at the forefront of climate finance and sustainable finance, Luxembourg hosts the first and the largest Green Stock Exchange and the European Investment Bank (the world’s largest multilateral financial institution).
As of 2023, Luxembourg hosts 120+ banks from 25 different countries and investment funds headquartered in Luxembourg amount to around €5.2 trillion, making it Europe’s largest fund centre, and the second largest worldwide after the United States.
LSB, as Luxembourg’s business school, leverages its industry and public sector partnerships to help place students in a truly unique position to learn and contribute to innovations in finance.
Master in International Finance curriculum is designed to open the doors to the world of finance to students from all academic backgrounds. Admitted students may be required to take additional quantitative classes to improve their level of math and statistics before the start of the program.
The curriculum has a formal component and an informal one. On top of the required courses, students will be offered different courses and initiatives to help them prepare for their careers. They will be allowed to participate in the 1-month long Employability Module which they can take together with LSB Master in Management students.
The Coursework is divided into three Semesters, and each Semester is divided into two Modules, for a total of six Modules.
Each module is made of 2 to 3 weeks of Face-to-Face teaching, midterm exams, and other 2 to 3 weeks of Face-to-Face teaching, followed by a study period and final examinations.
Students can participate in the optional Employability Module together, which may be carried out together with LSB Master in Management students.
To graduate, students have to carry out both a Master’s Thesis and a 6-month full-time Internship.
Students enrolled in September 2024 have two Graduation windows: the first is in September 2024 and the second one is in December 2024.
Additionally, there is a month-long Employability module and a six-month internship. After, or before the internship – the students are required to complete their Master’s Thesis.
Year 1: Core Courses (62 ECTS)
The 1st academic year consists of four modules each containing 15 ECTS.
Business Bootcamp (6 ECTS): (optional module, that will be obligatory for some students based on their prior studies). Bootcamp consists of:
- Business Mathematics (3 ECTS)
- Statistics (3 ECTS)
Semester 1
Module 1 (15 ECTS)
- Macroeconomics (4 ECTS)
- Principles of Finance (4 ECTS)
- Financial Accounting, Analysis & Reporting (4 ECTS)
- Quantitative Methods & Econometrics (3 ECTS)
- Foreign Languages (0.5 ECTS)
Module 2 (15 ECTS)
- Corporate Finance – Corporate Valuation 1 (4 ECTS)
- Capital Markets: Equity, Fixed Income and Credit Risk (4 ECTS)
- Managerial Finance & Budgeting (4 ECTS)
- Data analytics and AI in Finance (3 ECTS)
- Foreign Languages (0.5 ECTS)
Semester 2
Module 3 (15 ECTS)
- Advanced Modelling – Corporate Valuation 2 (4 ECTS)
- Risk Management and Derivatives (4 ECTS)
- Investment Banking (4 ECTS)
- Ethics & Corporate Social Responsibility (3 ECTS)
- Foreign Languages (0.5 ECTS)
Module 4 (15 ECTS)
- Academic Writing (4 ECTS)
- Sustainable Finance (3 ECTS)
- Personal Finance & Wealth Management (4 ECTS)
- Research Methods (4 ECTS)
- Foreign Languages (0.5 ECTS)
Year 2: Electives and Specialisation Tracks (30 ECTS)
Modules 5 & 6 (30 ECTS)
In modules 5 & 6, the students are offered a wide range of electives for a total of 30 ECTS.
In the third semester of the Master in International Finance program at Luxembourg School of Business, students have the opportunity to tailor their learning experience with specialized electives in Corporate Finance or Capital Markets.
The Corporate Finance specialization delves into strategic financial management, mergers and acquisitions, and financial restructuring.
In contrast, the Capital Markets specialization focuses on equity and debt markets, derivatives, and investment strategies.
Both specializations are underpinned by courses in sustainable and climate finance, reflecting the growing importance of environmental considerations in the financial sector.
A non-exhaustive list of electives we plan to offer:
- Advanced Derivatives
- Artificial Intelligence in Finance (Advanced)
- Asset Management & Portfolio Management
- Behavioral Finance
- Business Law
- Finance in Emerging Markets
- Financial Controlling
- Fund Management
- Infrastructure Markets & Project Finance
- International Taxation
- M&A (Mergers & Acquisitions)
- Private Equity and Venture Capital
- Real Estate and Alternative Investments
- Trading and Brokerage
- Treasury Management
Year 2: Master Thesis (12 ECTS) and Internship (25 ECTS)
At the end of the 6 modules, the students must do an internship and complete the Master thesis.
The successful completion of the Master’s thesis will be awarded with 12 ECTS.
The internship carries 25 ECTS and needs to be concluded with an internship report.
The internship as well as the internship report are governed by LSB’s policy and guidelines on internships.
Our students choose LSB and Luxembourg with a clear vision to enhance their lives and kickstart ambitious international careers. They are trailblazers, ready to navigate the complexities of global finance.
At Luxembourg School of Business, we are on the lookout for exceptional candidates for our Master in International Finance (MiF) program. Ideal MiF students are those who embody a blend of drive and curiosity.
Our student body is extremely diverse – reflecting Luxembourg population in general. LSB welcomes individuals from various international backgrounds and different walks of life.
Throughout their journey at LSB, students receive comprehensive support from our Career Centre, assisting them in planning their internships and future careers.
A limited number of scholarships are available from the Luxembourg School of Business.
Students can apply for the scholarship only after completing the whole application process on our website, submitting their documents and paying the 100 euro fee. The Scholarship can cover up from 5% to 50% of the tuition fees.
Scholarship criteria are based on evidence of potential success in the MiM program, based on
- Outstanding Academic record
- References from university/professors
- Letter of motivation
- Financial need (the financial need aspect will be judged based on the student’s parents’ annual revenue proof)