12 months
Duration
400 EUR/year
400 EUR/year
Unknown
Tuition fee
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About

The Master of Science in Quantitative Economics and Finance at University of Luxembourg is a one-year programme that exposes highly talented students to fundamental research methods in the fields of economics and finance. 

Visit the official programme website for more information

Overview

The  Quantitative Economics and Finance programme at  University of Luxembourg  prepares for careers in academia, public institutions, and upscale jobs in the industry. For its best graduates it is a premier route for admission to the University of Luxembourg’s Doctoral School in Economics and Finance.

The MSc in Quantitative Economics and Finance meets the highest international standards and compares to the first year of doctoral programmes at top universities in the US or the UK. In the second semester, students have to write a Master thesis. Close ties to the University’s economics and finance research departments ensure individual supervision by faculty members. 

 5 reasons to study quantitative economics and finance in Luxembourg

  • Get to know the research frontier in economics and finance
  • Strong links to research carried out at Uni.lu’s economics and finance departments
  • Curriculum meets highest international standards of first year - doctoral studies
  • Gain knowledge and skills for a career in academia, public institutions, or the industry
  • Study in one of Europe’s leading financial centres

Learning outcomes

  • Ability to pursue a PhD in economics or finance
  • Methods and tools to analyse economic phenomena in a complex, data-driven world
  • Skills to provide evidence-based, scientific policy advice
  • Critical thinking, ability to carry out independent research and to communicate its findings
  • Exposure to the research environment of the University of Luxembourg’s economics and finance departments

Careers

The MSc in Quantitative Economics and Finance is equivalent to the first year of doctoral education, and graduates are eligible to apply to the University of Luxembourg Doctoral School in Economics and Finance.

Graduates from the MSc in Quantitative Economics and Finance will also find employment in Luxembourg’s dynamic and international job market. They are especially qualified for jobs with central banks, private banks, insurance companies, administrations, European and national institutions, or statistical services.

Programme Structure

The MSc in Quantitative Economics and Finance is taught across two semesters. 

The curriculum is designed around the principal pillars of both disciplines: mathematics and statistics, econometrics, macro- and microeconomics, financial theory, general equilibrium theory, and empirical analysis. 

In addition, students can chose from a number of optional courses, covering different areas of theory and policy.

In their final semester, students complete a Master thesis. Topics for the Master thesis are coordinated together with the programme director and thesis supervisor. 

The Master thesis is an original piece of research that should showcase a thorough understanding of the chosen topic as well as the appropriate research methodology. The thesis project concludes with a public defence.

Courses include:

  • Mathematics and Statistics for Economics and Finance
  • Advanced Econometrics
  • Advanced Microeconomics
  • Advanced Macroeconomics
  • Advanced Financial Theory

Audience

Students applying for the one-year Master of Science in Quantitative Economics and Finance need to have successfully completed four years of university studies (240 ECTS), usually a Bachelor degree and one-year Master in economics, finance, business, management, mathematics, or a related discipline.

Lecturers

Faculty is composed of

  • Academics from the University of Luxembourg, in particular from the Faculty of Law, Economics and Finance, and from abroad.
  • Professionals from Luxembourg and abroad

Key information

Duration

  • Full-time
    • 12 months

Start dates & application deadlines

Language

English

Credits

60 ECTS

Delivered

On Campus

Academic requirements

GRE admission requirements GRE® The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. It contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.
Required

English requirements

TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at designated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
87
IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).
5.5

Other requirements

General requirements

  • Applicants need to have successfully completed four years of university studies (240 ECTS), usually a Bachelor’s degree and one-year Master’s, or equivalent, in economics, finance, business, management, mathematics, social sciences, or a related discipline.
  • Full degree transcripts (Bachelor, Master or equivalent), incl. an official English translation if the original is not in English.
  • General GRE test scores (pdf suffices)
  • Curriculum Vitae
  • Motivation letter/personal statement
  • Additional documents, such as copy of passport or identity card, photo, etc. may be required by the student services department (SEVE).

Tuition Fee

  • International

    400 EUR/year
    Tuition Fee
    Based on the original amount of 200 EUR per semester and a duration of 12 months.
  • EU/EEA

    400 EUR/year
    Tuition Fee
    Based on the original amount of 200 EUR per semester and a duration of 12 months.

Funding

Merit-based financial assistance in the form of scholarships is available to a limited number of admitted students. These scholarships include a payment of € 1050,-- per month for the academic year starting in September 2020 and closing in August 2021.Luxembourg nationals and non-nationals who have lived in the country for more than five years/are children of parents employed in Luxembourg may be eligible to apply for CEDIES, financial assistance provided by the Luxembourg government.

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Fresh content

Updated in the last year

Check the official programme website for potential updates.

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