Financial Industry Management Program
FICP Designation
Program Overview
FIM Faculty
FIM Curriculum
FICP Designation
Program Format
Admissions
Program Price
Frequently Asked Question (FAQ)
Program Overview - Financial Industry Management (FICP Designation)

While most business schools in the world focus on teaching the academic discipline of finance, Luxembourg School of Business has developed the unique FIM program which answers a different need.

The Financial Industry Management (FIM) empowers participants to how the financial industry works on the inside. Participants will learn about how all segments of the financial industry (from banking to funds, insurance, regulatory, etc…) work and are interconnected. Program delves into understanding roles of all different industry actors, their business models, and their interdependency.

This program is useful for anyone trying to get a broad understanding of how the financial industry works. Whether you want to enter the industry or make a lateral move from one segment to another, FIM will equip you with a strategic understanding of how the industry works.

FIM participants come from both private and public sector. FIM is particularly interesting for public sector participants looking to understand how to develop the local regulatory and legal framework to spur the growth of the local financial industry in their countries.

Upon completion, participants earn the prestigious Financial Industry Certified Professional (FICP) designation, along with a certification attesting to their proficiency.

What are the test like?

Luxembourg School of Business uses the learning mangement software (LMS) called Canvas also used by Penn State, Cornnell, Duke and many other top universities. Test are done through it and can come in many forrms. Submissions of case studies, videos, or group submissions for joint efforts.

Program also employs various simulations service provides like Cesim. Those enable candidates to compete and get a chance to implement their strategies in a real world based simulations. These and most of other assignments are done in teams, just like in the LSB’s MBA program. Teamwork is a valuable soft skill that FIM program is built around, just like the candidates career in finance

How long does the program take to complete?

The program consists of 5 chapters, totaling together 12 months of workload

How does the schedue and the workload work for this program?

Financial Industry Management (FIM) classes take place Online, on Thursdays between 18:00 and 20:00 CET.

Besides that candidate can expect 2 to 4 hours of cumulative reading, assignemtns and teamwork per week. Exceptional candidates or those with significant experience in finance sector can expect to be finished with the workload in less time each week.

Participation in classes is mandatory and contributes towards the ECTS progresssion. Should the candidate be unable to attend due to work, health or other urgent circumstance, a report has to be made to the program administration. In that case the candidate is required to review the class recording. Class recordings will always be provided on learning mangement software (LMS) called Canvas.

FIM Faculty

FIM Faculty

Faculty

The seasoned international faculty of Financial Industry Management (FIM) has created a world-class and career-relevant curriculum designed to enable students to understand how financial firms work, what makes them successful, and the opportunities and challenges that they face. The faculty team is comprised of globally recognized professionals who have all held critical financial sector leadership positions in. retail banking, capital markets, insurance, investment funds, private banking, and venture capital.

Our faculty members are passionate about sharing their extensive practical knowledge to engage our students, so that they can developa deep understanding of the intricacies of the financial industry, navigate risk, and optimize performance and innovation . These professionals are not just instructors; they are mentors who whose guidance can empower you to forge your own path for success in the financial industry.

 

Kevin Sweeney, JD, MBA – Academic Director & Banking Industry

Kevin Sweeney is an academic and consultant with a Doctor of Law (JD) from the University of Wisconsin Law School, and he has extensive experience in financial technology, corporate and entrepreneurial finance, and social enterprises. He was the CEO of a nonprofit real estate and regional economic development organization, and he was an executive at MassMutual Financial Group in a variety of senior roles, where he managed strategic initiatives in the United States, Luxembourg, the United Kingdom, Hong Kong, Japan, Argentina, and Chile. He has also served on several corporate boards of directors internationally, including a NASDAQ-traded U.S. holding company for a federally chartered bank and various global financial services affiliates of MassMutual. He also teaches Corporate Finance at Columbia University, and he is a member of the entrepreneurship faculty at Babson College in the United States. He teaches the Banking chapter in EMFSI.

 

George Paresishvili – Capital Markers Industry

George Paresishvili has over 28 years of experience in Emerging and Frontier Markets, Wall Street, and the City of London in areas such as stock exchange, securities clearing and settlement, brokerage, bank treasury, securities sales and trading, wealth management, and investment banking. In 2021- 2022, he conducted USAID-funded consulting projects in Central Asia by providing diagnostic reports, and recommendations and drafting regulations aimed at the development of local capital markets. He currently serves as the CEO of the Tashkent Stock Exchange and an Independent Board Member of Mikrokreditbank in Uzbekistan. George Paresishvili holds an MBA degree from the University of Michigan Ross Business School and a BS in Economics with Distinction from Tbilisi State University. In the EMFSI Program George teaches a chapter on the Capital Markets industry.

 

Emiliano Luzzi, MBA – Insurance Industry

Emiliano is the EY Luxembourg Insurance Consulting Leader who dedicates most of his time to helping (re)insurance carriers transform and reshape their business model. He has almost 20 years of working experience with large organizations across 3 continents, leading many initiatives aimed at driving large-scale transformations, cost optimization, and organizational change to step-shift companies’ performance. Prior to EY, he was the Luxembourg Insurance Leader for another major consulting firm. He holds a master’s degree in engineering from the University of Pisa, and an MBA from IE Business School. In the EMFSI Program Emiliano teaches a chapter on the Insurance Industry.

 

Ezechiel Havrenne, LLM – Investment Funds Industry

Ezechiel Havrenne is an investor and investment professional focused on private equity assets in the luxury segment and private debt with a FinTech component. He is the editor-in-chief of the Investment Management review published by Larcier-Francis Lefebvre, and co-editor-in-chief of the European Investment Fund Review, the two leading investment fund reviews in the market. Ezechiel has a wide network of investment professionals working for large private equity and private debt firms, family offices, pension funds, funds of funds, insurance companies, and credit institutions. He received his LLM degree from the University of Pennsylvania-Carey Law School and a law degree with honors from the University of Louvain (Belgium). He teaches the Investment Funds chapter in EMFSI.

 

Pierre-Antoine Boulat – Risk & Private Banking

Former CEO of UBS Fund Services (Luxembourg) SA and Head of UBS in Luxembourg Asset Servicing Institutional Desks… Pierre-Antoine Boulat has had a long and diverse career in sell – and buy-side capital markets, working for banks, working for banks (CCF in Paris), brokers (Salomon Brothers in Paris and London), institutional asset managers (JP Morgan in London and New York, Citigroup in Stamford, Connecticut, and UBS in Chicago and Zürich), and even a fintech house (TradingScreen) and an asset servicer (Northern Trust UK). In the EMFSI Program Pierre-Antoine covers topics of risk and private banking.

FIM Curriculum - Financial Industry Management (FICP Designation)

FIM Curriculum – Financial Industry Management (FICP Designation)

Chapter-by-Chapter Curriculum

The EMFSI curriculum consists of five seven-to-nine-week online “Chapters”. The curriculum of each Chapter addresses pressing strategic and operational challenges of the financial sector, including customer engagement, regulatory compliance, financial management, competition, and digital transformation.

Banking

· Retail, corporate, private, and other banking

· Products, services, risk management, and operations

· Credit and deposit accounts

· Banking alternative (e.g., NEO banks, FinTechs, and other new players)

· Digital transformation in banking

Investment Management & Funds

· Asset management and servicing

· Fund structuring

· Types of funds (e.g., UCITS, SIF, SICAR)

· Alternative investment funds

· Risk management

Capital Markets

· Underwriting, IPOs, and mergers & acquisitions

· Stock markets, sales & trading

· Family offices

Insurance

· Insurance brokerage

· Insurance underwriting, types of insurances

· Finance and insurance

· Reinsurance

Strategy, Innovation & Oversight

· Design thinking and financial sector opportunity recognition

· Financial sector innovation and strategy

· FinTech and digitaltransformation

· Compliance and Governance in financial sector transformation

FICP Designation

Financial Industry Certified Professional (FICP)

Upon successful completion of the Financial Industry Management (FIM) program, students earn a formal certificate of completion along with the Financial Industry Certified Professional (FICP) professional designation awarded by the Luxembourg School of Business (LSB). This credential recognizes the graduates’ participation in this rigorous program and their successful mastery of the essential operational, management, and innovation skills that financial sector stakeholders demand.

To receive the formal certificate of completion and associated FICP professional designation, FIM program participants must finish all five chapters (courses) of the program and all chapter-related assignments with a faculty-evaluated and assigned “Complete” grade.

The five required chapters of the FIM program are:

· Banking

· Investment Management & Funds

· Capital Markets

· Insurance

· Strategy, Innovation & Oversight

The FICP designation also entitles the recipient to continued learning and professional networking opportunities with LSB faculty, FIM Program alumni, and recognized industry leaders. Additional certifications and advanced FICP designations may subsequently be earned based completion of other LSB FIM-related programs offered by LSB.

Program Format

FIM Program is delivered through Online live classes using the latest technology and methodologies. Luxembourg School of Business uses the learning mangement software (LMS) called Canvas also used by Penn State, Cornnell, Duke and many other top universities. Program also employs various simulations service provides like Cesim. Those enable candidates to compete and get a chance to implement their strategies in a real world based simulations. Books are also provided within the program as the reading materials but the focus is on the case study method. FIM is using Harvard Business Review (HBR) as a main source of cases for the candidates to solve. These are usually done in teams, just like in the LSB’s MBA program.

Financial Industry Management (FIM) classes take place Online, on Thursdays between 18:00 and 20:00 CET.

Besides that candidate can expect 2 to 4 hours of cumulative reading, assignemtns and teamwork per week. Exceptional candidates or those with significant experience in finance sector can expect to be finished with the workload in less time each week.

Participation in classes is mandatory and contributes towards the ECTS progresssion. Should the candidate be unable to attend due to work, health or other urgent circumstance, a report has to be made to the program administration. In that case the candidate is required to review the class recording. Class recordings will always be provided on learning mangement software (LMS).

Admissions

Admission Process

We are looking for ambitious professionals who possess a number of key qualities: strong intellectual ability, academic capacity, leadership, and initiative. The scope of the program focuses on finance as a business and delivers insight into how each individual piece of that industry works and interacts with others. This knowledge is crucial for management as well as the development of new businesses in finance. In order to be able to learn on that level, this program starts with the assumption of a certain level of knowledge of finance.

This program doesn’t have any diploma requirements to participate. However, you will be required to complete the following steps in order to be admitted. If you have any questions please do not hesitate to reach out to the program administrators at fim.program@luxsb.lu.

Here are the admission steps:

  • Registering to the program: apply here
  • Admission interview
  • Submission of Personal Documentation & Information (CV) for the Admission Board review.
  • Payment of the program fee
  • The participant receives an onboarding package with all the information required, as well as a detailed guide on how to participate in the online program

The admissions have started, get in touch with our team to be part of the program.

Book Appointment with Advisor

Karlo Definis – Program Director
email: karlo.definis@luxsb.lu

tel: +352 621 815 735

Tin Rezek – Program Coordinator
email: tin.rezek@luxsb.lu

tel: +352 621 762 032

As an MBA student, you will be exposed to experienced professionals working in various industries in Luxembourg and the Greater Region. Through collaborative projects, you will gain insights and fresh perspectives from your classmates. This exposure will also forge bonds that will expand your professional network.

Program Price

The total price of this program is 9000,00 EUR VAT included. The price of this program is the same for every candidate.

 

The fee paid toward the FIM program can also be deducted from the LSB’s Weekend MBA and Full Time MBA programs. These programs are complementary and typically offer synergistic career advantages to candidates who complete both. The programs are also designed so that they can be attended concurrently, as many candidates choose to do so.

Frequently Asked Question (FAQ)
Technical Requirements

To use the platform, you’ll need a few basic things. First, you need a computer, which could be a MAC, a Windows PC, or one that runs on Linux. Make sure your computer is connected to the internet. You can use a wired connection like ADSL or a wireless one such as Wi-Fi.

Next, you’ll need a web browser. This is the program you use to go on the internet. Some common web browsers that work well with this platform include Google Chrome, Mozilla Firefox, Safari (for MAC users), and Microsoft Edge. These are just examples, and there might be others that work too.

In simple terms, just have a good computer with internet and use a popular web browser to access everything on the platform without any trouble. This way, you can fully participate and not miss out on any features or activities.

Supported browsers:

 

Supported Operating Systems (OS)

Are there special conditions for groups and companie?

For companies, institutions, and public bodies enrolling three or more participants in one program, we offer a 30% discount on each registration fee. This discount applies only to group enrollments and needs to be set up before the course starts.

We also offer partnerships and agreements with associations, companies, and institutions. This allows these groups to add our educational programs to what they offer their members. We’re open to discussing partnerships and agreements to meet the specific needs of these organizations. See more information about Corporate Learning Partnership CLP here.

Expand your career to Banking, Funds, Insurance, and other financial services!

 

Thierry from Luxembourg

Weekend MBA – Class of 2023

J.P. Morgan Mobility Payments Solutions S.A. Chief Information Security Officer

“Having completed my MBA at Luxembourg School of Business, I’ve adopted a belief that success is intertwined with continual learning. I approach challenges step by step, welcoming failure as a chance for personal and professional growth. This newfound perspective, known as a growth mindset, has not only enhanced my academic journey but serves as a guiding principle in navigating various challenges and opportunities”

Enrico from Italy

MiM – Class of 2024

Student

I believe this program will give me the chance to put directly in practice every concept the students learned in class and put my skills at a higher level, allowing me to successfully begin my professional career.

Our Faculty come from the Business and Academic world!

  • Kevin Sweeney is an academic and consultant with a Doctor of Law (JD) from the University of Wisconsin Law School, and he has extensive experience in financial technology, corporate and entrepreneuria...

    Kevin Sweeney, JD, MBA

  • Ezechiel Havrenne is an investor and investment professional focused on private equity assets in the luxury segment and private debt with a FinTech component. He is the editor-in-chief of the Investme...

    Ezechiel Havrenne, LLM

  • Former CEO of UBS Fund Services (Luxembourg) SA and Head of UBS in Luxembourg Asset Servicing Institutional Desks… Pierre-Antoine Boulat has had a long and diverse career in sell – and buy-side capita...

    Pierre-Antoine Boulat

  • George Paresishvili has over 28 years of experience in Emerging and Frontier Markets, Wall Street, and the City of London in areas such as stock exchange, securities clearing and settlement, brokerage...

    George Paresishvili