Master in Finance and Economics – Banking (2nd year)
University of Luxembourg
Information last verified July 2026
Program Overview
Equip students with a deep understanding of how financial institutions work based on a combination of modern financial intermediation theory and practitioners’ presentations.
Key Program Features
- Requirements The teaching team is composed of professors specialized in banking who have international teaching experience and apply the same quality standards as in top universities and business schools in Europe
- and practitioners from top management positions in banks
- funds
- and insurance companies in Luxembourg. Students have the possibility to choose to write an academic master thesis or an applied master thesis. The applied master thesis is combined with an internship that give students a
Career Opportunities
Objectives Learning outcomes • Demonstrate in-depth knowledge of fundamental financial intermediation theories and be able to apply them in the context of real-life decisions• Apply key empirical methods used by policy makers and academics to assess the effect of policies on the financial sector• Demonstrate a thorough knowledge of the economics, operational and regulatory framework of the banking, insurance, and fund industries, the roles of the different financial instit • Have a detailed understanding of the regulatory environment of the banking, insurance, and fund industries• Develop critical thinking, the ability to work independently as well as in teams, and to present their work in front of an audience• Gain exposure to the banking and finance industry, opportunities for professional networking Career perspectives Luxembourg offers a dynamic and international job market. Graduates from the Master in Finance and Economics, based on their second-year specialisation, will be prepared for different career paths in Luxembourg or abroad, for example with:– Banks and other financial institutions– Asset management firms– Consultancy companies– Industrial companies– Insurance companies– European or national financial institutions– Financial administration– Academia The different tracks allow students to pursue their chosen field of specialisation while also offering a common foundation and the opportunity to explore the basics of each field. The result is a well-rounded education in finance and economics enabling graduates to successfully enter the job market.Some career paths may benefit from additional training, e.g. the Certified private banker certificate. The banking track prepares to a career in financial institutions in Luxembourg and internationally. FDEF internships/scholarships Internships & student counseling Alumni Career centre Employability We are training highly skilled and employable graduates: 100% of past year cohort is currently employed! Discover
Program Curriculum
Programme Focusing on the role of financial institutions as intermediaries to the real economy and their contribution to economic growth while maintaining financial stability, students are invited to critically assess central bank policies and financial institutions’ strategies in the current economic and regulatory environment. Elective modules allow students to choose from trending and emerging topics. Attendance at second year courses is compulsory. Admissions Academic contents Semester 1 and 2 Semester 1 and 2 Semester 3 Semester 4 The courses of the first year are part of the main common programme and not track specific. Master in Finance and Economics Learn more Course offer for Banking, Semestre 3 (2026-2027 Winter) 3.BT1.Financial Intermediation ECTS credits: 5 Course code: MScFE_BK-1 Course title: 3.BT1.Financial Intermediation Number of ECTS: 5 Course code: MScFE_BK-1 Module(s): Module 3.BT: Specialisation Banking Track Language: EN Mandatory: Yes On completion of the course unit successful students will be able to :Understand the rationale for the existence of financial intermediariesUnderstand the bank funding issuesUnderstand the bank lending issuesAssess the digital-bank revolution Banking function__UL_BLOCK__0__Bank funding__UL_BLOCK__1__Bank lending__UL_BLOCK__2__Digital-banking revolutionTransactional and relationship loansSources of credit informationBanks and financial markets Shadow banking Credit scoring On-line platforms Direct lending The spot-lending decision 50% written exam35% take-home exam15% quizes, problem sets and class participation BIBLIOGRAPHY: Greenbaum, Stuart I., Anjan V. Thakor, and Arnoud WA Boot. Contemporary financial intermediation. Academic Press, 2019 [GTB] 3.BT2.Banking Operations and Strategy ECTS credits: 5 Course code: MScFE_BK-2 Course title: 3.BT2.Banking Operations and Strategy Number of ECTS: 5 Course code: MScFE_BK-2 Module(s): Module 3.BT: Specialisation Banking Track Language: EN Mandatory: Yes Learning outcomes
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 3,4) Format: Full-time programme (Part-time student status allowed) Specific information for this programme Requirements To enter in Banking track directly:– a 4-year BA degree in the field with 240 ECTs– a 3-year BA and 1-year Masters in the field achieving 240 ECTs– a specific and strong motivation for the chosen track– in addition, the applicants have to provide information how they achieved the learning outcomes at first year of Master level in the previous course of studies or during professional work. Thus, applicants need to supplement the admission file by providing the description of relevant modules/courses including the learning outcomes. 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 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. (adequacy of the applicant’s educational or professional profile with expectations, including the applicant’s academic background, academic level assessed on the basis of transcripts (average, student rank if applicable), a strong motivation as demonstrated in the applicant’s cover letter. Applications have to be submitted exclusively online (Application period written above). We will evaluate the files after the deadline for submission and therefore pro
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 3,4) Format
- Start Date September
- Language English
- Duration 2 years
- Credits 120
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