MSc in Quantitative Economics and Finance

Description

The MSc in Quantitative Economics and Finance offers advanced courses that familiarise students with fundamental research methods in the fields of economics and finance. The programme meets the highest international standards and compares to the first year of doctoral programmes at top universities in the US or the UK. 

A broad array of electives allows for a specialisation in economics or finance. Throughout this demanding academic year, students benefit from the diverse research interests of the faculty and a highly international student body. They gain insights about the activities of research-related jobs within and outside of academia.

Curriculum

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. 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. Close ties to the University’s economics and finance research departments ensure individual supervision by faculty members. The thesis project concludes with a public defence.

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

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

Careers

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

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.

Work visas

Non-EU/EEA students having completed their Master’s degree at the University of Luxembourg are eligible to apply for a Luxembourg work permit for a duration of a maximum of four years, beginning in the period immediately following the end of their studies. More information is available on the SEVE’s Working in Luxembourg page.

Admissions
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.

The MSc in Quantitative Economics and Finance is taught in English.

For further details about applying, visit the Applications page.

Application deadline: 

Non-EU Application deadline: 30 April 2022

EU Application Deadline: 31 July 2022

For more information or further questions, please contact: fdef-mqef@uni.lu

Fees and funding

Students have to pay an application fee of 50€ which will be deduced from the tuition fees in the first semester for accepted students.

The tuition fees are 200€ per semester for ALL students (EU and Non-EU/EEA)

Merit-based financial assistance in the form of full or partial scholarships is available to a limited number of admitted students. These scholarships include a monthly payment of € 1050,-- for a full and € 525,-- for a partial scholarship for the academic year starting in September 2022 and closing in August 2023.

The application for the scholarship must be included in the application file. The application form and detailed guidelines for the scholarship can be found here.

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.

For more information about the cost of living in Luxembourg, please visit the SEVE "Students and money" pages.