Part time Master Program in Business Studies in Luxembourg

View Part time Master's Programs in Business Studies in Luxembourg 2017

Business Studies

A Masters degree gives you the opportunity to either further your understanding of a particular question or take off in a completely different way using skills you have gained from your previous undergraduate degree.

Business studies is an academic program that is designed for students wanting to learn more about how businesses are run. Courses may include more general topics or more specific ones to help prepare students for a particular career.

Luxembourg, officially the Grand Duchy of Luxembourg, is a landlocked country in western Europe, bordered by Belgium, France, and Germany.

Part time Masters Degree in Business Studies in Luxembourg

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Master in Wealth Management

University of Luxembourg, Faculty of Law, Economics and Finance
Campus Part time 1 - 2  September 2017 Luxembourg

The Master in Wealth Management (MWM) aims to educate and train future wealth managers. The programme combines traditional finance subjects with person-, legal- and tax-centric subjects such as client relationship management, estate planning, ethics and international taxation. [+]

Part time Masters in Business Studies in Luxembourg. The Master in Wealth Management (MWM) aims to educate and train future wealth managers. The programme combines traditional finance subjects with person-, legal- and tax-centric subjects such as client relationship management, estate planning, ethics and international taxation. Graduates will be able to find jobs in private banks, foundations, family offices, consultancy firms, insurance companies, investment firms, among others. The curriculum is made up of 28 courses, taught over short intensive periods, a module in Singapore, and an internship. The MWM was developed by the Luxembourg School of Finance (LSF) in cooperation with the Private Banking Group Luxembourg (PBGL) to meet the continuous need for talented and well-trained specialists in the continuously growing field of Wealth Management. All students will have an academic supervisor and a personal industry mentor who provide guidance and support for their academic and professional development. The teaching staff includes leading academics from the University of Luxembourg and other universities, as well as industry specialists with extensive experience and networks in their subject areas. The programme is offered in a full-time and in a part-time format. The PBGL-affiliated banks offer several part-time positions which enable candidates to finance their studies and put their newly acquired skills and knowledge into practice. Overview Wealth Management refers to the provision of customised financial services, such as portfolio management and financial planning, to High Net worth Individuals (HNWIs). Wealth managers are advisors that are experts in finance, taxation, estate planning and risk management. They closely follow their clients’ personal and financial circumstances and understand their preferences and goals. Wealth Managers can work for private companies, trusts, foundations or family offices, or can be independent advisors. Most wealth managers are account managers at Private Banks or the Private Banking divisions of large global banks. Wealth Management is an important and growing sector: during the first decade of the millennium assets under management in private banking doubled and reached more than 17 trillion dollar by the end of 2010. Luxembourg based banks have market share of 6% in the sector. For additional statistics on Wealth Management in Luxembourg see: http://www.abbl.lu/statistics Despite the importance of wealth management in the economy, very few dedicated degree programmes on the discipline exist. The Master in Wealth Management is one of the world's first professional Master programmes in Wealth Management. he Private Banking Group Luxembourg (PBGL) is a group within the Luxembourg Bankers’ Association (www.abbl.lu), a professional organisation representing the majority of banks and other financial intermediaries established in Luxembourg. Its purpose lies in defending and fostering the professional interests of its members. In 2010 the PBGL and the University of Luxembourg started working on an academic degree in Private Banking, and developed a curriculum that is unique in the world as it covers all aspects of Wealth Management. The University supplies the academic staff, teaching venues and administrative support. The PBGL supplies professional trainers, traineeship - and job opportunities. The result is the Master in Wealth Management programme, which was approved by the University in 2012. Curriculum The curriculum of the MWM is unique in the world, as it combines pure finance courses with law, tax and communication courses, so as to perfectly cover the skill and knowledge set of successful wealth managers. The 28 courses offered in the programme are divided into investment-centric courses (equities, bonds, real estate, hedge funds, derivatives, alternative investments, etc.), client-centric courses (personal portfolio management, estate planning, communication, tax-planning, etc.) and courses on laws and ethics. After earning 52 ECTS credits, students will put into practice their newly learned skills and knowledge in an internship or, for part-time students, a Master’s thesis. Teaching in the MWM programme is participative and practice oriented. For all courses (even the most technical and factual ones), we will involve practitioners drawn from the PBGL group to elaborate on the practical significance of the material learned. For some of the most “core” wealth management courses - such as private wealth management - panel discussions with experienced private bankers and realistic case-studies will be central to the transfer of knowledge. Several courses will be given over the course of one to three full days of teaching. Other courses may be taught over a series of half days. This concentrated format - as opposed to spreading out the courses and having two or more subjects each day - is highly successful in the existing LSF MSc. of Banking and Finance. Students value the opportunity to spend one or more days exclusively with their course lecturer(s), and for visiting professors this format is more efficient. Most courses will have written examinations at least one week after the final day of the course, but before five weeks after the final class day of a course. This gives the students sufficient time to study the material learned and reflect upon the course while not being unduly long after the last class. Some courses will have individual (take home) assignments instead of the written exam. Class participation, team assignments, and presentations may also be part of the final mark for each course. Course marks are given on a scale of 20, with 10/20 being a passing mark. Students who do not achieve a passing mark, can take a resit exams, mostly at the end of the programme. Academic supervisors and industry mentors The programme is very personal. Each student will be assigned an academic supervisor and an industry mentor, with whom he or she will have periodic meetings. The role of the academic supervisor is to provide counsel and advice for all academic aspects of the programme. He or she will be a faculty member of Luxembourg School of Finance and will monitor the academic progress of the student. The personal industry mentor will be a private banker of one of the PBGL-banks, with whom the student develops a personal and professional relationship during his/her studies, focussing on the student’s professional development. The mentor will introduce the student to the practical aspects of wealth management, through visits, lunch meetings, or corporate events. The industry mentor may also provide contacts or resources that are relevant to the student’s career. Courses The 28 courses offered in the programme are divided over the following five study blocks: Global Investment Solutions Alternative Investments Personal Portfolio Planning Relationship Management Laws and Ethics The courses in modules 1 and 2 are investment centric. They introduce and explain the basic investment instruments available to wealth management clients, as well as the basic concepts of return, risk, liquidity and diversification. These blocks will offer all the necessary knowledge and understanding of the foundations of modern day finance and portfolio management. The courses in modules 3 and 4 are client centric. We will focus on individual preferences, needs, circumstances, and cultural backgrounds, including family situations and fiscal environments. These blocks enable ability to recognise, classify and analyse clients´ needs. Students will learn about sources and uses of wealth, taxation, estate planning, and personal preferences and biases. In the courses in block 4, students will learn how to convey their analysis and ideas verbally and in writing. They will hone their presentation skills and learn about cultural barriers and how to overcome these. Module 5 is legal centric, and treats with the legal and ethical frameworks in the industry. Students will learn about financial laws and directives, and legal structures in different countries. They will learn about banks’ internal governance and control systems and the compliance task. Students will also study and fine-tune their moral compass, particularly regarding financial issues. After taking 28 courses in the above blocks students will be able to put practice their newly learned skills and knowledge in a traineeship project, to be documented in a Master’s thesis. Internship or Master’s Thesis As an integral part of the programme, full-time students are required to perform an internship for a period not less than 12 weeks. Students are free to seek the internship that suits their interests and objectives, provided that the nature of the internship is in relation to Wealth Management.. The LSF provide assistance in finding an internship with a private bank or non-bank financial services company of the Luxembourg financial centre. A wide variety of internships representing a range of different business activities in the financial centre are available. Part-time students are required to present a Master’s Thesis on a subject of their related to Wealth Management. Internships and Master’s theses are supervised by an LSF faculty member. Eligibility Criteria To be eligible for a place in the MWM, candidates must have a: Master’s I degree (240 ECTS), or four-year Bachelor’s degree (240 ECTS), or three-year Bachelor’s degree (180 ECTS) with 3 years’ subsequent professional experience; and a strong command of written and spoken English. Students can apply for either: The full time programme, The part-time programme, or The part-time programme and simultaneously, a part-time job at one of the PBGL affiliated banks. [-]

Master in Entrepreneurship and Innovation

University of Luxembourg, Faculty of Law, Economics and Finance
Campus 1 - 2  September 2017 Luxembourg

Entrepreneurship has become an increasingly popular activity that can be evidenced in different spheres of the economy and society. More commonly, entrepreneurial behaviours are associated with new start up ventures where risk, ownership and management are combined to exploit new market or technological opportunities. [+]

Entrepreneurship has become an increasingly popular activity that can be evidenced in different spheres of the economy and society. More commonly, entrepreneurial behaviours are associated with new start up ventures where risk, ownership and management are combined to exploit new market or technological opportunities. But such activities can also be seen in corporate, social, public, civic, community and small business contexts to reflect organizational efforts to sustain competitive advantage, uniqueness and novelty. This is partly because the twenty-first century is characterized by a fast moving, competitive and global economy. Sustaining a competitive advantage requires that individuals, companies and nations are able to anticipate and stimulate (rather than merely manage) change. Entrepreneurship is about exploiting ambiguities and contingencies. More importantly, entrepreneurship is about experiencing a tension between ‘what is’ in the present and ‘what should be’ in the future – and then converting that tension into an entrepreneurial problem that can resolve the tension. Such a process demands concepts and knowledge from different disciplines, and the integration of these concepts with the know-how and practical experience of daily business practice. The programme aims at achieving that integration, optimally balancing theory and know-how. Entrepreneurship is a programme of the Luxembourg Business Academy, a partnership between the University of Luxembourg and the Luxembourg Chamber of Commerce. Who is the programme for and what will the programme offer you? The programme is a two-year full-time Master’s degree, which is targeted at: Bachelor graduates in any discipline from Luxembourg and the Grande Région wishing to develop their entrepreneurial/innovation skills and knowledge Graduates from Europe in any discipline looking to undertake a specific masters degree in entrepreneurship/innovation Graduates and young professionals from non-Europe, who, in addition to the education and degree offered by the MEI, seek exposure to the infrastructure for entrepreneurship, internships and job opportunities that Luxembourg has to offer Professional people or other practitioners who intend to start a business and want to learn the skills involved in this The key learning outcomes of the Master in Entrepreneurship and Innovation are to: Extend knowledge and understanding of the foundational principles of new venture creation and business start up in different societal contexts (social, corporate, ‘for profit’ etc.). Students will be able to critically assess and extend their entrepreneurial skills through direct interaction with colleagues/tutors on the course as well as entrepreneurs and local companies. Develop critical, analytical and problem-solving skills. Students will learn how to recognise, analyse and offer solutions to innovation, entrepreneurial and strategic management issues in different organizational settings, using appropriate conceptual tools and theoretical frameworks. Enable the ability to understand the components of a business plan and to appreciate different business and financial models as well as constructing a detailed financial and marketing plan. Advance employability skills in team working, presentation and leadership as well as facilitating inter-cultural communication. Students will learn how to convey their ideas, express their creativity and synthesise their thinking/knowledge both verbally and in written format. They will hone their presentation skills, learn about negotiation skills and project management. Provide an understanding of the local regulatory, tax and legal issues involved when starting a new venture and access to a wide set of business networks in Luxembourg economy. Employment opportunities: Normally, candidates who complete the programme find employment opportunities in areas of innovation management/small business management/start-ups/entrepreneurial contexts or corporate contexts and the public sector. Schematic description of the programme In year One, the curriculum is divided into five study blocks which are designed to cover all the technical and practical aspects required when starting a new venture (whether a social, business, or corporate venture) as well as some foundational theoretical issues/frameworks: New Venture planning Innovation Management Financial Issues for entrepreneurial ventures Marketing and new venture creation Business and project management skills In year two, there will also be five study blocks. Advanced entrepreneurship Advanced Innovation and the Innovation Audit Strategic Management Advanced small business management and leadership Research methodology and thesis Mode of delivery This is participative and interactive. In all courses there is a balance between theory and practice (we use cases from businesses, talks by business owners and entrepreneurs, visits to incubators, the Chamber of Commerce or companies). In some courses, we involve practitioners drawn from local business community. In the second year there is more reflective and theoretical discussion about organizational practices (and the meaning/implications of, for example, entrepreneurship for society and the role of innovation in the wider economy). This means that students are stretched to think critically about these processes rather than merely taking them for granted as accepted ways of thinking or organizing. Study abroad option In semester three, students have the option to study abroad during which they can take relevant courses at partner institutions in different international environments (NB: the particular partners are still being developed). Enrolment To obtain the degree “Master in Entrepreneurship and Innovation”, students must pass all the courses over the two years. We also envisage that some students might want to join for year one alone, or only for year two. To enroll only for the first year of the two-year course: Students need to have: a BA degree with 180 ECTS in any discipline subject area and a demonstrated entrepreneurial motivation (see below for criteria). The one year option would be appropriate for people who intend to start a business and want to learn the core theories as well as the practical skills involved. Subject to successful completion of courses in year one, students could exit at the end of that year with their awarded credits (normally 60 ECTS in which case they are awarded a Certificate in Entrepreneurship & Innovation). To enroll only for the second year of the two-year course: Students need to have: a four-year BA degree (in any topic); or a 3-year BA and 1-year Masters in a Business and Management topic achieving 240 ECTS. Applicants to the second year need to demonstrate 60 ECTS in courses related to finance/marketing/entrepreneurship/innovation/project management topics. For entrance to either year, evidence of an entrepreneurial motivation is required. This can be demonstrated by: Founding an active company or social enterprise Application for or holding of a patent Applied for or owning a trademark Winning or being shortlisted in a design competition Being a named director on a new venture (up to 5 years old) Having an article published in a recognised scientific journal or trade press publication Created a product idea that was used or developed by a company Candidates who believe they have significant innovation or entrepreneurship experience but in an area that is not specified above will have the opportunity to state this in the application. Language requirements: For international students who did not complete a 4-year bachelor's degree at an American, British, Canadian or Australian college or university, proof of proficiency in English is required for admission. We accept the following test scores, as long as they are not more than 2 years old: the TOEFL (Test of English as a Foreign Language) with a score of at least 600 on the paper-based test, 250 on the computer-based version, or 100 on the Internet-based examination with no less than 20 on each of the four test components. the PTE (Pearson Test of English - Academic) with a minimum score of 70 the IELTS with a score of 7, with no less than 6 on each band score. Application procedure Interested candidates should follow the standard university applications procedure AND submit a motivation letter outlining their entrepreneurial motivation and intentions. [-]

Master in Economics and Finance

University of Luxembourg, Faculty of Law, Economics and Finance
Campus September 2017 Luxembourg

This Masters is aimed at students wishing to obtain a comprehensive and sound education in finance. The course highlights the largely complementary nature of theoretical analysis tools and their application in business. In addition to the courses taught by the Professors of the University, seminars are run by professionals who are active in Luxembourg’s financial sector. [+]

Part time Masters in Business Studies in Luxembourg. This Masters is aimed at students wishing to obtain a comprehensive and sound education in finance. The course highlights the largely complementary nature of theoretical analysis tools and their application in business. In addition to the courses taught by the Professors of the University, seminars are run by professionals who are active in Luxembourg’s financial sector. Presentations of companies that offer work placements for students are also scheduled. The course is conducted over 4 semesters (full-time).The first year of the Masters (60 ECTS) consists of the fundamental topics of financial economics. The second year of the Masters (60 ECTS) comprises in-depth courses in economics and financial techniques as well as either a work placement or time to prepare a thesis. The course is taught in both English and French. Objectives In the field of finance there is strong complementariness between theoretical analysis and its applications. The goal of the course is to enable students to adapt to the rapid changes in the financial sector and to make them familiar with the tools derived from the latest research. Learning outcomes The programme highlights the substantially complementary nature, in the field of finance, between the theoretical analysis and their application in business. It offers students a training course that enables them to adapt to the rapid changes in the financial sector by applying knowledge and tools derived from the latest research. The sound technical and institutional know-how gained from this education program enables our graduates to benefit from a high level of employability in large public institutions (such as Luxembourg’s Commission de Surveillance du Secteur Financier [financial regulator], the country’s Central Bank) or private institutions active in the Luxembourg’s financial sector (for instance, asset management and wealth management, hedging, insurance, private banking). The follow ups opened up by this Masters are among others: Doctorate Management position in the financial, banking or insurance sectors Target audience and conditions of admission The Masters is accessible to students who hold a Bachelor degree in economic science, management, mathematics as applied to social sciences, or an equivalent diploma worth 180 ECTS. Students who are admitted to the Masters are selected on the basis on their application by a panel consisting of full-time teachers involved in the Masters. The assessment focuses on knowledge of fundamental elements such as microeconomics, macroeconomics and statistics, as well as the previous grades obtained by the applicants in their Bachelor degree. Students with a background in financial economics that is considered sufficient by the panel and that is worth 240 ECTS can register directly for the 3rd semester. Application In order to be selected, applicants must fill in the pre-registration form on the university’s web site. The director of studies along with the professors belonging to the panel then select the applicants [-]