MSc in Quantitative Economics and Finance

Application

Admission 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.

All non-English native speaking applicants need to be able to demonstrate proficiency of English at B2 level, with one of the following minimum results:

• TOEFL iBT: 87/120
• TWE: 5
• IELTS: 5.5-6.5
• Cambridge ESOL: B2

Formal test results may be waived if the student has completed previous degrees at an English-speaking university or has extensive experience using English in a professional capacity. Relevant evidence needs to be submitted by the applicant if they are applying on this basis.

Application procedure

• The application period for all Non-EU/EEA candidates is open each year from February 01 until April 30
• The application period for all EU candidates is open each year from February 01 until July 31

To apply for the MScQEF, please refer to the following link for EU citizenship and the following link for non-EU citizenship.

As part of the application process, prospective students will need to supply the following documents:

• Full degree transcripts (Bachelor, Master or equivalent), incl. an official English translation if the original is not in English.
• Diplomas of previous degrees (Bachelor, Master or equivalent) or other confirmation of completion (if diploma not yet available), incl. an official English translation if the original is not in English
• Separate list of relevant statistics courses followed as part of previous education, incl. title, short description and grade achieved. If the student has not taken any statistics courses, this should be mentioned.
• 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).

Selection process

Students are selected based on their application file. The application file is assessed by the Admissions Board, which may also carry out interviews with shortlisted candidates.

Assessment criteria include:

• Existing knowledge, skills and competences acquired during undergraduate degree
• Academic record and grades achieved (incl. General GRE test scores)
• Motivation, extracurricular and other supporting activities, commitment to higher education and learning

 

The application period starts on 01 February 2023 for intake in September 2023. There are two waves of admission decisions with respective application deadlines:  30 April and 31 July. The admission decision will be communicated within two weeks following the respective deadline.

Early application is highly recommended as merit-based financial support is allocated on a first-come-first-served basis.

 

Student visas

Non-EU/EEA applicants are advised to consult the student services department (SEVE) application page, which includes information about the visa application process (see point four in particular).

The Faculty of Law, Economics and Finance recommends non-EU/EEA applicants to:

• Consult their local Luxembourg consular office or other competent authority for complete information on visa application requirements and documentation needed;
• Allow at least three months for the completion of the visa application procedure;
• Plan sufficient time for obtaining some of the required documentation. E.g. the issuing of a police record can take several week/months depending on your country of residence;
• Read carefully and follow the steps outlined by the SEVE application page regarding the validation of non-EU/EEA issued academic degrees and diplomas.