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Master degree programme in Finance (MSc)

Study in an international environment in the heart of Europe and gain your MSc in Finance. Choose from specialisations in Asset Management, Wealth Management, Risk Management and International Finance. Taught in English | CFA and GARP oriented curriculum | Small study groups

Why study Finance in Liechtenstein?

Focus on asset management, risk management and international finance
Close ties to the financial market and partnerships with CFA and GARP
Strong international approach and highly international student body
International experiences through exchange semester or educational journeys



Fact sheet

Academic degree: Master of Science in Finance (MSc)

Language of instruction: English

Programme start: Beginning of September

Duration: 2 years full-time


Intake: 40 students per year

Application deadline: Rolling admissions - final deadlines for the September intake are 30 June - late entries possible until 31 July (EU/EEA and Swiss citizens), 31 March (other citizens).

Tuition fees: CHF 950,-  (EU/EEA and Swiss citizens); CHF 1‘250,- (other citizens) per Semester

       Application fee: CHF 100,-


About the programme


The Master’s degree programme in Finance focuses on asset and wealth management, risk management and international finance. The programme is unique thanks to its research orientation, a strong international approach, the CFA- and GARP-oriented curriculum and its personal study environment.

Programme structure

Around forty students from all over the world are admitted every year. The programme provides insights into current research topics in finance. Furthermore, it helps students to strengthen their competencies in scientific methodologies through the completion of research projects. Practice-oriented MasterLAB modules enhance teamwork and leadership skills. In addition, excursions and educational travel as well as the opportunity of spending a semester abroad deliver insights into different cultures and international financial markets.

Career prospects

Graduates have excellent career prospects and are qualified for a wide range of leadership and expert positions in the financial services industry or in financial departments of internationally operating businesses. Liechtenstein’s unique strategic position also helps our Master’s students to obtain easier access to the Swiss and European financial labour market.

Strong ties to financial centres

The Principality of Liechtenstein is a country with an international and cross-border orientation and acts as a bridge between the EU and Switzerland. Together with Switzerland, Liechtenstein forms biggest wealth management market worldwide and is an attractive location for domestic and foreign investors.

How is the programme structured?

The programme is modularly structured and lectures take place generally three days per week, with occasional lectures on a Saturday. The entire programme is taught in English. A strong emphasis lies on team work within small groups, which ensures exceptionally close contact between lecturers and students.

PDF Programme structure MSc Finance «
PDF Curriculum MSc Finance «
Lecture Schedule «


CFA, GARP and CAIA – Our special USP

The MSc Finance programme is the only MSc Finance worldwide (as of March 2018) that has an affiliation with all three major professional financial associations at the same time: CFA, GARP and CAIA. For becoming a university partner with these professional associations, it is necessary to prove a conformance between our curriculum and their body of knowledge. Therefore, students can expect that - with studying our MSc in Finance - they have a good preparation for all three professional finance exams – which is a unique starting position.  


Incorporating at least 70 % of the CFA Programme Candidate Body of Knowledge (CBOK) into its curricula, our Master in Finance programme has been accepted into the CFA recognition programme. Our courses provide students with a solid grounding in the CBOK and position them well to sit for the CFA exams. The CFA is the most widely recognized credential in the global financial markets. This designation prepares candidates for roles related to investment management, wealth management, portfolio management, institutional trading and market research. Completing two out of three CFA test levels within the designated period of study gives students, who take an interest in the above professions, competitive advantages over their peers. Our membership in the local CFA society makes students eligible for one of 15 annually awarded CFA scholarships.

The Master in Finance programme covers at least 70 % of the body of knowledge, and 100 % of the ethics/professional conduct learning objectives. Thus, graduates will be prepared to sit for GARP Financial Risk Management (FRM®) Exam. The FRM stands as the global standard in professional risk management certification, better preparing students to succeed in the areas of asset and liability management, enterprise risk management, credit risk derivatives and exotics, quantitative analysis, and equities and fixed income. Students are eligible to apply for one annually endowed FRM scholarship.

The MSc in Finance at the University of Liechtenstein covers at least 60% of the entire CAIA curriculum as presented by the Core Knowledge Outline (CKO). CAIA confirmed that the program’s coverage satisfies this requirement. A CAIA charter holder delivers a distinct advantage in the marketplace. In addition to providing an understanding of the asset classes and strategies, a the charter holder will get deep knowledge of the risk-return characteristics of alternative invest¬ments in the portfolio construction process, whether it is for wealth creation or preservation. 


Personal Development

Graduates looking for employment will not only be assessed by their knowledge acquired during studies, but also by their ability for dealing with people, handling pressure, thinking creatively or acting responsibly. We emphasise team projects and group work within our core modules to further develop students‘ social and communication skills, leadership potential and team work capacities.

Besides the core curriculum students are also offered a series of cross-faculty-elective courses with interdisciplinary focus topics, that build the basis in teaching and research across all chairs of the university.

Cross-faculty electives «


You want to gain firsthand insights?

Our student ambassadors are happy to answer any questions you might have about the programme, student life, living costs and more. No marketing - we promise!

Student Ambassadors «



How to finance your studies

Strategic Partnerships and Scholarships

LGT_Logo.pngThe LGT Bank focuses on private banking and wealth management in Liechtenstein. They regularly provide scholarships that cover the first year of tuition for MSc Finance students. Admitted students are eligible to apply prior to the start of the first semester.  

LGT Bank «

Working next to your studies

Gaining work experience next to your studies will not only give you some extra cash, but also help to prepare you for your career after graduation. Current students do so either through part-time employment or a 6 month internship during study break. However, you might want to wait until you have completed the first semester. Experience has shown that the first 6 month  much needed for students to settle into their new life in Liechtenstein and to have a good start at university.

The career:service of the university regularly informs students about  internships, student assistant jobs or working student positions.

career:service « 


How to get in

We are looking for young and dynamic team players with a passion for Finance. The yearly intake is limited to 40 students. Hence, being strongly motivated to participate in and actively shape this challenging programme is key.


Admission requirements

    • Bachelor diploma in a related subject
    • Proven foundation in research skills and methodology
    • Motivational statement (1-2 pages)
    • English: B2 level/ IELTS 5.5
    • Admission interview (upon invitation)

Application - step by step

Learn more about how to apply and what to consider.




You want to see the world?

There are currently around 17 partner universities which MSc Finance students can choose from. Pick your favourite destination ranging from all parts of Europe, Russia, China, the US and many more. Our colleagues from the International Office will be happy to assist with the organisation, preparation and realisation of your semester abroad.


 "Studying one semester in Taipei was one of the best experiences of my life to which I will always look back on with the greatest pleasure. Taiwan, named Ilha Formosa (the beautiful island) by Portuguese explorers, is one of the most diverse countries I have been to. You can literally find everything - from bustling cities to lonely beaches and breathtaking national parks. Moreover, Taiwanese people are very open-minded, hospitable and friendly, making you feel at home away from home from day one. I can truly recommend everyone to study at NCCU. You do not only gain valuable insights from an academic and career perspective, but a semester abroad will also strengthen and support your personal development."

Laura Hecker (Germany) spent one semester at the National Chengchi University (NCCU) in Taiwan, 2016


International Office «


Additional Options

Two-week Educational Journey

Offered every two years. Destinations in previous years included New York/Chicago, Beijing/Shanghai, Hong Kong, Singapore and Kuala Lumpur.


Joint international excursions, banking simulation and portfolio business games with students and graduates of our partner universities help our students enhance their intercultural skills.


What are the career prospects?

We educate young professionals with a unique mindset. Liechtenstein is not only embedded in a customs and monetary union with Switzerland but is also a member of the European Economic Area. Hence, Liechtenstein acts as a bridge between the European Union and Switzerland, the biggest Wealth Management market in the world. This specialist know-how, that is essential for understanding and managing international and cross-border oriented services, plays an integral part in our graduate programme in Finance. 

Upon graduation, students will be highly qualified for a career in finance - e.g. financial risk management, asset, investment and wealth management, international financial management and corporate finance, portfolio management, financial engineering, product development and research projects. We encourage our students to actively participate in extracurricular activities to sharpen their professional profile.



The career: service at the University of Liechtenstein offers help and assistance to students regarding contacts to companies as well as career counselling.

Career service «


Networking and Extracurricular activities

Banking Award Liechtenstein

Highly innovative Master’s theses of graduates can be nominated for the Banking Award Liechtenstein of the Liechtenstein Bankers Association. The award is endowed with up to CHF 5'000.

After-Work Lectures

The Chair in Business Administration, Banking and Financial Management, in cooperation with the CFA Society Liechtenstein, organises a series of after-work lectures each year, in conjunction with professionals of local and national banks and the financial services industry.

After-Work Lectures «

Company Visits

Occasionally, our students get the chance to connect with the local financial industry by taking take part in a company visit. This is not only beneficial for networking purposes, but also for getting a deep insight into the way of conducting a business, addressing finance related issues or making strategically important decisions.


Applying academic knowledge in practice can be a welcome change in an academic student life. MasterLAB, a core module in the MSc Finance programme, has been specifically developed for this purpose, where students work jointly on specified projects with local companies to identify and deliver practical solutions. Previous projects covered, among other topics, company valuations for takeover decisions, the programming of a tactical portfolio allocation model, process developments and implementations, or the analysis of cross-border asset allocation of philanthropic institutions.

Guest Speakers

By inviting guest speakers, students gain first-hand knowledge on applied academic theory. Usually, guest speakers hold leadership positions within their company as CEO, CFO or Chief Economist and thus come from similar educational backgrounds as our students. This shift in perspective is considered a valuable insight and a competitive advantage for the future career path.

Further training

The continuing education offered by the Institute for Financial Services – Liechtenstein House of Finance – provides extensive opportunities in the respective areas of expertise: Banking & Finance, Tax and Law. Established study and training courses, conferences, forums, seminars and lectures demonstrate an important link to practice.

Continuous Education «



Patrick Prinz.jpg

“The University of Liechtenstein features a unique platform for students to step into the financial industry. Since I left university, I have been working with Citi, an American investment bank, for 14 months now. I spent two months in London, that represents the major financial hub in EMEA and it provides the ideal platform to meet my fellows of the new analyst class. Now I'm working as an investment banker in a regional office in Zurich. Our team serves the biggest corporations and financial institutions in Switzerland and Liechtenstein. The University of Liechtenstein was the right choice. It's exotic and unique, two characteristics which are sought after in financial industry and can make the difference.”

Patrick Prinz – MSc in Banking and Financial Management, 2014. Corporate & Investment Banking Analyst at Citi, Zurich

 More alumni stories «



Further questions?

Roger Rechsteiner is the Executive Director of the MSc Finance programme. He will be happy to answer further questions you might have about the study programme or the University of Liechtenstein. 


Dr. oec. HSG Roger Rechsteiner
Executive Director (of programme)
Telefon +423 265 11 84 


Guidelines & forms

Student regulations
Study and Assessment Regulations
Admissions Guideline