Master in International Finance (120 ECTS)

source: Luxembourg for Finance

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.

First intake is September 2024.

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 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 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, 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.

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.

An undergraduate degree (Bachelor degree or equivalent) from a recognized college or university with a minimum of 180 ECTS in any field of study* (engineering, social sciences, sciences, business, economics, arts, etc.) is required to enrol in the Master in International Finance at LSB.

*For students without previous coursework in courses like e.g. Statistics, Mathematics and Research Methods, these additional courses will be completed during the first year of the program parallelly to the other regular courses.

*If the Admissions Committee is not able to ascertain the academic transcripts or diploma of the candidate, LSB reserves the right to ask this candidate for a Recognition of Diploma delivered by the Ministry of Higher Education of Luxembourg.

Fluency in English

• If you have worked in an English speaking environment for at least 2 years, please provide a recommendation letter from your superior.
• If you are a native English speaker, or you have received a university degree exclusively taught in English, you do not need to submit proof of English proficiency. The transcripts are sufficient.
• If you are not a native English speaker, please provide proof of English proficiency: Transcript of your TOEFL Score (Minimum Requirement: Paper Based: 550, Internet Based: 85) or IELTS Score (Minimum Requirement: 6.5) – B2 Level.

Students who receive an admission offer and sign the study agreement will be asked to confirm their seats within 2 weeks with a non-refundable deposit of €5,000, deducted from their total tuition fees.

• For Students who do not need a Visa or Authorization to Stay in Luxembourg, the Master in International Finance program tuition fee is set at EUR 14,600 per year. The combined total for the two-year program will be EUR 29,200.

• For Students who need a Visa or Authorization to Stay in Luxembourg, the Master in International Finance program tuition fee is set at EUR 16,600 per year. The combined total for the two-year program will be EUR 33,200.

For more information about visas and authorization to stay (ATS) in Luxembourg, please consult our dedicated page.

There are a number of ways to finance your studies at Luxembourg School of Business. Here is the general overview of tools and instruments available:

• Luxembourg State Scholarships and loans (for Luxembourg residents and students whose parents work in Luxembourg only)
• LSB Merit based scholarship
• LSB-European Investment Fund Tuition Deferral Instrument (contact us for more information)

It is also important to note that the last semester of the MiF program consists of a mandatory paid internship. Therefore the student starts earning a salary already during their studies.

LSB Career Centre actively works in the interest of LSB students to assure they get the best conditions for their internships.

A limited number of scholarships are available from Luxembourg School of Business.

Students can apply for the scholarship only after completing the whole application process on our website, submitting your documents and paying the 100 euros fees. 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)

Scholarships are very limited and are given only to outstanding candidates.

Study Abroad

There is a strong chance that you will have an international component in your career – whether it is working in another country, traveling significantly for work, having co-workers from all over the world, or being a member of a cross-cultural virtual team.

Today, international mobility has great value and is much appreciated by the corporate world, especially in Luxembourg. Moreover, students and their families are more and more conscious of the advantages of studying abroad. Studying abroad helps students develop personally, professionally, and academically.

By gaining new transferable skills, students will boost their employability, broaden their horizons, develop cultural awareness, and open-mindedness.

During the Master in Management, students will be able to participate in an exchange program with partner universities or business schools. These Erasmus and Exchange programs will not require extra tuition fees.

Students will pay the usual tuition at Luxembourg School of Business and no other additional academic fees in the host university abroad are required. LSB International Office assists students with international mobility and helps them source funding for the time spent abroad and manages the institutional relationships between LSB and its partner universities.

Luxembourg School of Business is part of ERASMUS, the world’s most successful student exchange program.

Through exchanges, students expand their language skills and acquire knowledge – such as adaptability improving their employability, which is at the Core of LSB Master in Management objective.

LSB is the 5th School in Luxembourg to hold the Erasmus Charter which allows Master in Management students to study one or two semesters abroad.

ESN is the local Erasmus Student Network of Luxembourg. It is an independent, non-partisan, non-political, and non-profit, international association. Their aim is to help International students get together and experience local student life by hosting a wide range of activities and events. It is a great way to meet people and discover Luxembourg! Find out more information about ESN here.

List of Erasmus partnerships

• HHL Leipzig Graduate School of Management – Germany
• Frankfurt School of Finance and Management – Germany
• Zagreb School of Economics and Management – Croatia
• Umeå School of Business, Economics and Statistics – Sweden
• Università Cattolica del Sacro Cuore – Italy
• ISC Paris – France
• Excelia Group – France
• ISM University of Management and Economics – Lithuania
• Centro Universitario EDEM – Spain
• Institut Mines-Telecom Business School (IMT-BS) – France

List of International partnerships

• Université Saint-Joseph de Beyrouth – Lebanon
• IPADE – Mexico
• Ajman University – United Arab Emirates
• Hong-Kong Polytechnic University
• Nagoya University of Commerce & Business – Japan
• Caucasus University – Tbilisi, Georgia
• Université du Québec à Montréal – Canada
• SolBridge International School of Business – Daejeon, South Korea 
• Jiangxi University of Finance and Economics – China
• Universidad de los Andes – Santiago, Chile
• Universidad Panamericana – Mexico City, Mexico