The master's degree programme analyses financial markets from an interdisciplinary perspective (economics, finance, law, economic history) and on the basis of different methods. Studying in Leipzig and Angers (France) strengthens the European dimension of the master programme. The international double Master's degree is oriented towards professional work in the financial markets and in financial market-related public institutions.

enlarge the image: A Student in the Master's degree programme European Financial Markets and Institutions takes notes in his notebook.
A Student in the Master's degree programme European Financial Markets and Institutions takes notes in his notebook. Photo: Christian Hüller / Leipzig University, SUK

Master of Science European Financial Markets and Institutions

The double master programme is dedicated to understanding financial markets and institutions, and problems of financial market regulation, particularly in the European Union. The programme prepares students for a wide range of activities in financial institutions, regulatory agencies and related European public institutions.

The programme is characterized by an interdisciplinary approach, drawing on economics, finance, economic history as well as law. In addition to the advanced understanding of financial markets and institutions provided by the obligatory classes, students can select elective classes in fields such as

  • Sustainable Finance
  • Banking and Financial Law
  • Economics of Financial Risks
  • Artificial Intelligence and Machine Learning in Finance.
  • Double Degree: Master of Science (Leipzig University) & Master of Finance (University of Angers)
  • Standard period of study: 4 semesters
  • Scope: 120 credit points
  • Start: Winter semester

The programme is offered in cooperation between Leipzig University and University of Angers (France). The first two semesters are completed in Leipzig, the last two semesters are completed in Angers (France).

The Master's degree programme is modularised. Modules for a total of 120 credit points must be completed. The obligatory classes account for 72 credit points, the electives in Leipzig for 30 and the elective classes in Angers for 2 credit points. The master's thesis constitutes 16 credit points.

Application requirements

  • Bachelor’s degree in economics, business administration, finance or law, or similar qualification 
  • Language skills: English B2 (C1 recommended)
  • French and German language skills highly recommended
  • Successfully completed selection process including interview


Application documents

The following documents must be attached to your application:

  • Letter of motivation;
  • Curriculum vitae in tabular form;
  • Proof of knowledge of the English language (B 2) - this proof can also be provided via the higher education entrance qualification (as a rule the Abitur), if this confirms at least seven years of school instruction in English up to graduation;
  • Certificate of the first university degree (or a current overview of grades of the completed modules) - this must be a university degree with predominantly economics, business administration, finance or law, or similar qualification.


Please refer to the application section for the relevant application deadlines.

The faculty cannot provide any information regarding the application status during the running procedure. Your current application status can only be observed on AlmaWeb.

If you have any questions regarding the enrolment please contact the Student Office.

What are the admission requirements for the Master's degree programme European Financial Markets and Institutions? What regulations apply to enrollment in the master's degree programme that affect degrees similar to the subject and/or Bachelor's degrees from universities of applied sciences, or are an aptitude test or other achievements required?

The general qualification for the study programme is proven by a first higher education degree qualifying for entry to a profession. The additionally subject-specific admission requirements are:

  • a completed Bachelor’s degree with predominantly economics, business administration or law content or
  • a comparable degree (i.e. also from a university of applied sciences).

All suitable applicants must participate in a selection interview.

Applicants must be proficient in written and spoken English according to level B2 of the "Common European Framework of Reference for Languages: Learning, Teaching and Assessment". Knowledge of German and French is highly recommended.

Is the Master's degree programme European Financial Markets and Institutions admission restricted?

Yes, the Master's degree programme in Economics is admission restricted. Interested students who have obtained their professional university degree in Germany must apply via AlmaWeb. Applicants are selected on the basis of a two-stage selection process. Stage 1 consists of a review of the application documents. Suitable applicants are invited to stage 2, a personal interview. There is no written test.

What language skills are required for the Master's degree programme in Economics?

Applicants must be proficient in written and spoken English according to level B2 of the "Common European Framework of Reference for Languages: Learning, Teaching and Assessment". In order to prove the language level, it is sufficient to enclose the German Abitur certificate with the application, provided that English was taken at least as a basic course from the 7th to the 12th/13th grade. Applicants without a German Abitur or without the above-mentioned proof must present a language certificate (for example TOEFL) at the time of enrollment.

Are there any fees for the Master's degree programme?

No, there are no tuition fees. Only semester fees have to be paid.

Is there any financial support for students of the programme?

Yes, the Deutsch-Französische Hochschule offers stipends to all students of the double master's degree programme in European Financial Markets and Institutions to cover living expenses. Students can also apply for Erasmus+ in their year abroad.

Can the Master's degree programme in Economics be studied in English?

Yes, all compulsory modules and most electives are offered in English. Knowledge of German and French is also highly recommended, as some electives are taught in these languages, and to benefit fully from this Franco-German cooperation.

Is an online application possible?

The application is only possible via AlmaWeb (if you have obtained your Bachelor's degree at a German university). Applicants with a Bachelor's degree from abroad please note the information provided by the International Office. German applicants usually apply via Leipzig University, French applicants usually apply via Angers University.

Is it a problem if I do not yet have a certificate of my first university degree (e.g. Bachelor's degree) for my application?

No, please enclose a current transcript of records with your application. You have to provide proof of a first university degree qualifying for a profession (usually a Bachelor's degree) at the latest at the beginning of the Master's programme by submitting your Bachelor's degree certificate to the Student Office until 30 September of the year. If you have already completed your Bachelor's degree and have achieved all your achievements, but the issuing of your Bachelor's degree certificate is still pending, please use the form "Bestätigung über das Ablegen aller Prüfungsleistungen" (only in German available). If you are enrolled for the winter semester, the confirmation must be submitted by 30 September of the year at the latest. The certificate must then be submitted to the Student Office by 15.02. of the following year.

Do I have to register separately for the selection interview?

No, this is not necessary. You will be invited to attend if you meet the requirements.

What does the selection interview look like?

The applicants selected on the basis of the application documents will be invited to an online selection interview in a second step. The interview is conducted online by professors from the Leipzig University and the University of Angers. The applicant's basic knowledge of economics and finance and related to financial markets are tested. Current economic policy events may also be subject of the interview.

Is it possible to have previous study and examination achievements recognized?

Yes, as long as these study and examination achievements are at master's level, recognition is conceivable. You can find more information here.

Is it possible to study abroad?

Yes – study abroad is not only possible, it is mandatory! The first year (the first two semesters) of the double master's degree in European Financial Markets and Institutions is completed in Leipzig, the second year (the two last semesters) is completed at the University of Angers, France.

Is it possible to complete the Master's degree programme at the faculty and then do a doctorate?

Basically yes, but the Master's degree programme and the doctorate are separate from each other.

Doctoral studies are usually arranged with the respective professor. Further information about doctoral studies at Leipzig University can be found here. It is also possible to pursue doctoral studies at the University of Angers. Further information can be found here.

Can students of other disciplines take modules at the Faculty of Economics and Management Science in the elective area?

Please refer to the examination regulations and information on enrollment on the study coordination page (there are also semester-specific notices on the subject cooperation agreement).

What are the requirements for a Bachelor's degree programme to be considered subject-related?

Basic knowledge of economics and finance are important for the programme. Should you be able to prove this, it is an advantage for the application, but not absolutely necessary. Missing knowledge in individual subjects can – with a higher workload – be made up for in self-study.

Is it possible to take semesters off during the Master's degree programme for internships or similar?

Yes, this is possible. Up to two semesters of leave can be taken during the Master's degree programme.

You may also like

Overview of our study programmes

Read more

Information on the organisation of studies

Read more

Further counselling services

Read more