Finance / MSc

Universität Liechtenstein
Master M.Sc.
4 semester(s)
Vaduz, Fürstentum Liechtenstein
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Master M.Sc., Finance / MSc - Das Studium


The Master’s degree programme in Finance is an internationally recognized Master’s degree programme and is currently one of the few English programmes in the German-speaking area with a focus on Asset and Wealth Management and International Finance. This programme is unique thanks to its international approach, CFA-oriented curriculum and its personal study environment, where students are treated as individuals.

The international spirit is further enhanced by the English programme language and by an international group of students. Educational journeys and excursions abroad give insight into international finance markets.

This Master’s degree programme offers an excellent preparation for a subsequent doctoral degree programme. International professors are chosen for their active research and their ability to integrate the latest research findings into their teaching. Students are given the opportunity to participate in ongoing research conducted at the Institute for Financial Services.
Prof. Dr. Marco Menichetti
Academic Director
Master M.Sc., Finance / MSc - Target audience

Target audience

The Master’s degree programme in Finance is open to students, who bring along the knowledge and skills acquired in a Bachelor’s degree programme in Business Administration or any related area. We expect students to have a solid knowledge in the subjects of Mathematics/Quantitative Methods, Statistics, Corporate Finance/Investments, Management, Research Methods and Scientific Work.

In particular, we are looking for mature individuals who are team players, with a passion for finance and who are prepared to study at a very high academic level. We expect students to deliver high quality of work and to be motivated to participate in and actively shape this challenging programme.
Master M.Sc., Finance / MSc - Emphasis/Curriculum


The curriculum illustrates a completion of the programme in three semesters, plus one semester for the preparation of the Master’s thesis.

1. semester: "Fundamentals"
Financial Economics, Quantitative Finance, Empirical Finance, International and Corporate Finance.

2. semester: "Risk and Asset Management"
Asset Pricing and Portfolio Choice, Wealth Management, MasterLAB (a practice-oriented project assigned by local or international businesses)

3. semester: "Investments"
Corporate Governance and Ethics, Investment Strategies, Alternative Investments, Pension Finance, Thesis Workshop

4. semester: "Master Thesis"
The core modules of the curriculum cover 108 ECTS, in addition Cross-faculty Elective courses comprise of 12 ECTS to achieve a total of 120 ECTS.
Master M.Sc., Finance / MSc - Practical relevance

Practical relevance

The programme consciously develops network thinking, teamwork capacity, analytical, social and communication skills among its students. Regular team projects challenge and prepare students for the demands of the modern business world. The delivery of methodologies and the completion of research projects are key aspects of this programme.

A strong emphasis lies on working in small groups, which ensures exceptionally close contact between lecturers and students. The curriculum is designed to prepare students for the Chartered Financial Analyst (CFA) examinations, an internationally recognized degree in the finance sector.

15 scholarships are awarded annually to students of the MSc in Finance by the CFA Institute University Recognition Program and the CFA Society Liechtenstein. This support in undertaking the CFA level 1-3 of the CFA-charter, will provide graduates with an important competitive advantage.

Admission/Entrance requirements

Admission requirements:
  • Bachelor’s degree with a minimum of 180 ECTS credits
  • English language proficiency of level B2 (according to CEFR)
  • Study performance above average
  • Motivation for the Master in Finance
  • Strong interest in Asset- and Wealth Management, and Int. Finance
  • Relevant work experience is an advantage
A maximum of 35-40 students are accepted every year with an intake only in September (winter semester). Based on an initial application, qualified applicants are invited for a personal interview. Early submission is highly recommended.

Only online applications are accepted for the next intake in September and can already be submitted on


Language(s) of instruction: English
voluntary: German, English, Spanish
Going abroad: possible

The University of Liechtenstein and the Chair for Business Administration, Banking and Financial Management cooperates with a large number of universities around the world. All students have the possibility to spend a semester abroad and receive a student grant for their stay abroad under the Erasmus + programme.

For more details on partner universities, please contact the universities international office on

Deadlines, Schedule and Tutition Fees

Application deadlines:
EU/EEA and Swiss citizens: 30 June
International students, who require a visa: 31 March

Start of studies:
First week in September

Lecture days:
3 days per week: Tue/Thurs/Fri (full-time programme)

Tuition fees:
  • Tuition fees: CHF 950,- (EU/EEA and Swiss citizens)
  • CHF 1'250,- (other citizens) per semester

Career prospects

Graduates have excellent career prospects and are qualified for a wide range of leadership and expert positions in the financial services industry such as in:

Asset Management, Banking, Risk Management, International Finance, Investment Funds, Insurance Companies, Authorities

Many graduates also work in financial management departments of internationally operating enterprises. At the same time this Master’s degree also serves as an excellent preparation for a subsequent doctoral degree programme.

Liechtenstein’s unique strategic position also helps students and graduates alike to obtain easier access to the Swiss and European financial labour market.

Study Plus

Besides studying, we encourage our students to actively participate in extra-curricular activities. We believe that the work-life balance plays a key role to get the most out of our students, which is why we offer a variety of different projects and clubs to keep our students entertained and shift their focus away from the challenging academic life.

AWL - After-Work Lecture: (

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, with professionals of local and national banks and the financial services industry.

Banking Award Liechtenstein: (

Highly innovative Master’s theses of graduates are presented with the Banking Award Liechtenstein of the Liechtenstein Bankers Association.
Information material
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          Master  Finance / MSc
Master M.Sc., Finance / MSc - Organisation


The University of Liechtenstein is young, rooted in its home region and active around the globe. In the fields of Architecture and Planning, Entrepreneurship, Financial Services and Information Systems, it serves as an intellectual think tank in the border region of Liechtenstein, Eastern Switzerland, the Austrian province of Vorarlberg and the Lake Constance region of Southern Germany. The regional economy benefits from the knowledge and technology transfer facilitated by the university.

The university works closely with enterprises and business associations on numerous projects and programmes, generating impulses for the economy. The University of Liechtenstein has taught internationally sought-after specialists and leaders for the past 50 years. Approximately 1,200 students are enrolled in the academic ( Bachelor’s, Master’s, PhD ) and continuing education programmes. Instruction takes place in a very personal environment.

Studying in Vaduz

Further information on Studying, living and working in Liechtenstein ( will help you in your decision making process, where to do your Master. Should you have any additional questions, please contact one of our students ambassodors (, who are happy to help in answering your questions.

Course guidance

Master M.Sc., Finance / MSc - Course guidance/Information



Universität Liechtenstein

FL-9490 Vaduz
Fürstentum Liechtenstein
+423 265 12 41
+423 265 11 12