The University of Luxembourg has redesigned its Master programmes in economics and finance in order to modernise curricula, adapt to a changing job market and encourage interdisciplinary and experiential learning.
The new Master programmes will be offered as of 2019-2020 and will focus on interdisciplinary teaching in economics and finance, offering specialisations in core areas. They have been developed in cooperation with the Luxembourg financial centre (Luxembourg Bankers’ Association, Association of the Luxembourg Fund Industry, Association of Luxembourg Insurers and Reinsurers) as well as external experts from the University of Hamburg and the Foundation for International Business Administration Accreditation.
“The financial centre is evolving and so are the expectations of employers. We want our graduates to be prepared for the realities of the industry and it was time to review our degree programmes accordingly,” comments the Dean of the Faculty of Law, Economics and Finance, Prof. Katalin Ligeti. “By closely involving external partners we were able to design a state-of-the-art degree that delivers experiential learning opportunities as well as a solid academic foundation.”
A new Master of Science in Finance and Economics (MSc) is to replace the MSc in Banking and Finance, and the Master in Economics and Finance. The two-year programme offers a joint first year for all students and the option to specialise in one of four tracks in the second year: Banking, Investment Management, Risk Management, and Financial Economics. Teaching by professors from the University of Luxembourg will be complemented by professionals from the industry, for example in trending and emerging topics such as FinTech or sustainable finance. The curriculum can be followed in English only but includes options in French to better prepare students for the Luxembourg job market.
The Master in Wealth Management, first launched in 2013, is to be extended to a two-year programme, thus offering a more in-depth and fully rounded curriculum. The Master will also become more accessible to Bachelor graduates (from the University of Luxembourg or other European universities) who have completed a three-year undergraduate degree but no postgraduate studies.
An advanced Master of Science in Quantitative Economics and Finance will replace the Master in Economics and Finance – Research Track. The programme is designed to prepare graduates for careers in research or further studies at doctoral level. Graduates usually advance to the Doctoral School in Economics and Finance.
“Our Masters in the fields of economics and finance have grown successfully since their launch. In 2018, around 140 students graduated in Economics and Finance, Banking and Finance, and Wealth Management. To ensure continued success, to stay innovative and competitive, and to respond to a changing landscape, our course offer needs to be continuously refined. We now look forward to welcoming the first cohorts at the start of the new academic year,” concludes Prof. Ligeti.
