Master in Finance and Economics (1st year)
University of Luxembourg
Information last verified July 2026
Program Overview
In the fields of financial markets and institutions, economic analysis and quantitative methods, the Master in Finance and Economics offers high quality education in both theory and practice.
Career Opportunities
Study and career opportunities The first year lays the foundation for an international career in economics and finance. Successful candidates can continue with a specialization in the second year to confer their master degree in economics and finance or may apply to the Master in Quantitative Economics and Finance if they wish to pursue an academic career. FDEF internships/scholarships Internships & student counseling Alumni Career centre Objectives 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 Learning outcomes Draw on a thorough understanding of the functioning of national (Luxembourg) and supranational financial markets and institutions Mobilise and apply specific and targeted knowledge in the fields of banking, insurance, risk management, asset management, financial economics or digital and sustainable finance Use financial modelling to solve complex financial problems Communicate ideas clearly and concisely Be an active and effective member of a team Retrieve and process relevant financial information from a variety of sources Testimonials ‟ Student I leave with new knowledge in finance and economics, wonderful memories, and meaningful connections that I will carry with me moving forward Constance Dupont Learn more ‟ Alumni Learning from industry practitioners and combining academic theory with practical skills was key in helping me understand how these concepts are applied in real-world settings Yasen Buhlev Learn more ‟ Alumni I loved studying in the international environment Viktoria Pervukhina Learn more Alumni How these Master programmes prepared Paul for a successful career in finance Education 4 July 2025 Economics & Man
Program Curriculum
Programme The first year offers two mandatory modules (“Fundamentals of financial markets, investments and microeconomic theory” and “Mathematics and data analysis 1”), and one optional module (“Extra-curriculum I”) in Semester 1. Semester 2 combines two compulsory modules (“Asset pricing and macroeconomics theory” and “Data analysis 2”) with a choice of three out of nine electives on “Special topics in finance and economics”. Admissions FIBAA is an internationally-recognised agency for quality assurance and quality development in higher education. The Master in Finance and Economics received the accreditation in September 2020 until winter semester 2025/26. Academic contents Semester 1 Semester 1 Semester 2 Semester 3 and 4 Course offer for Semestre 1 (2026-2027 Winter) 1.F1.Financial Markets and Institutions – The Luxembourg Financial Centre ECTS credits: 3 Course code: MScFE-25 Course title: 1.F1.Financial Markets and Institutions – The Luxembourg Financial Centre Number of ECTS: 3 Course code: MScFE-25 Module(s): Module 1.F.Fundamentals of Financial Markets, Investments and Microeconomic theory Language: EN Mandatory: Yes – The goal is to provide students with practical knowledge of the industry and enhance their comprehension of the functioning of the value chain within the industry. It enhances the fundamental finance education that they receive with actual statistics and developments as well as future developments of the industry. It should make the students more knowledgeable and provide them with the capability to show their future employers their knowledge of the current state of the industry and help them adapt more quickly to their future work environment. v Understand the financial markets in particular the role of its main actors, their services, their instruments Acquire a big picture of the main processes that support the functioning of the markets Understand the interactions of the main actors that act in the financial markets in a global and local
Admission Requirements
Admissions To apply for a programme at the University of Luxembourg, candidates must comply with the general eligibility criteria for the chosen programme type and be selected by the study programme based on the quality of their application. The programme at a glance – 120 ECTS Duration: 2 years / 4 sem Teaching languages: EN Admissions: EU: 1 Feb 2026 – 24 May 2026 Non-EU: 1 Feb 2026 – 24 Mar 2026 Fees: 400€/ sem. (semester 1,2) Format: Full-time programme Specific information for this programme Requirements Students applying for the two-year Master in Finance and Economics need to have successfully completed a Bachelor’s degree or equivalent (180 ECTS) in Economics or Finance. A 3-year Bachelor Degree or a Licence 3You will complete the programme in 2 years (first year + second year)A 4-year Bachelor Degree or a Master DegreeYou will complete the programme in 1 year (second year) All applicants whose native language is not English need to be able to demonstrate proficiency of English at B2 level (compulsory), (according to the Common European Framework of Reference for Languages – CEFR) Proof of language skills – Motivation letter– CV Selection procedure & criteria The application file is assessed by the Admissions Board. Applicants are evaluated and selected on the basis of the application criteria to the Master in Finance and Economics in general. Assessment criteria include: Existing knowledge, skills and competences acquired during undergraduate degree Academic record and grades achieved Motivation, extracurricular and other supporting activities, commitment to higher education and learning The admission process is competitive which implies that only the best applicants will be chosen and that good candidates may be rejected if they are not among the top applicants. The ideal candidate is a future decision maker or analyst in finance or economics Max. 80 students per year Scholarships Guillaume Dupaix International Master’s Scholarship Portabella Scholarship A
Tuition & Financial Information
Tuition Fee
400€/semester
About University of Luxembourg
University of Luxembourg
Esch-sur-Alzette, Luxembourg
The University of Luxembourg is a public research university in Esch-sur-Alzette and Luxembourg City, Luxembourg. It was founded in 2003 and is the only public university in Luxembourg.
University Profile- Application Deadline EU: 1 Feb 2026 – 24 May 2026 Non-EU: 1 Feb 2026 – 24 Mar 2026 Fees: 400€/ sem. (semester 1,2) Format
- Start Date September
- Language English
- Duration 2 years
- Credits 120
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