|Study Guide to Masters and Bachelors Degree Courses|
LL.M. in Finance (Master of Laws in Finance) Graduate Program|
Institute for Law and Finance at GoetheUniversity Frankfurt am Main
|Address||Institute for Law and Finance, im House of Finance der Goethe-Universität, Campus Westend - Grüneburgplatz 1, 60323 Frankfurt am Main, Germany|
|Tel. No.||+49 69 798 33624|
|Fax No.||+49 69 798 33921|
|Course||LL.M. in Finance (Master of Laws in Finance) graduate program|
|Type of course||Full-time and part-time degree program|
|Length of course||One year full-time or two years part-time|
|Date of commencement||Start date is mid-October|
|Class size||60 graduate students maximum|
|Cost/Fees||Fees are €18,000 (full-time) and €22.000 (part-time) which covers tuition and use of the ILF’s facilities|
|Accommodation||ILF does not provide housing but can assist in finding such|
|Internship||The LL.M. Finance program also incorporates a special two-month internship with public and private institutions which support the ILF. Cooperation partners include amongst others: |
Allen & Overy
Bundesanstalt für Finanzdienstleitungsaufsicht (BaFin)
Baker & McKenzie
Debeviose & Plimpton LLP
DekaBank Deutsche Girozentrale
Dewey & LeBoeuf
European Central Bank
Freshfields Bruckhaus Deringer
Helaba Landesbank Hessen-Thüringen
Paul, Hastings, Janofsky & Walker
Shearman & Sterling
Verband der Auslandsbanken in Deutschland e.V.
White & Case
Willkie Farr & Gallagher LLP
|Student profile||1. Countries of origin about 30 |
2. Students are drawn from across the world; e.g. Bangladesh, Belgium, Brazil, China, Columbia, Greece, India, Italy. Latvia, Mexico, Romania, Russia, Serbia, South Korea,Thailand, and USA.
3. Ratio men/women: 1:1
4. Age ranges from 23 to 38
5. Average age is 27
6. The school selects candidates from a range of academic and professional backgrounds to ensure diversity.
|Admissions requirements||The program is open to students who hold a degree in Law or Business/Economics, normally with honors or equivalent. Candidates whose mother tongue is not English are required to demonstrate proficiency in English by a TOEFL or equivalently recognized English language proficiency certification. Knowledge of German is not required for admission. Two letters of recommendation are required. Relevant professional work experience is an advantage but not essential. No formal interview is normally required.|
|Director||Prof. Dr. Andreas Cahn |
Executive Director, Institute for Law and Finance
|Contact details for application|| Ms. Jennifer Schmid |
Admissions and Recruitment Manager
The Master of Laws in Finance (LL.M. Finance) graduate program at the Institute for Law and Finance is conducted entirely in English. No more than 60 highly qualified graduates will be admitted for study so as to ensure academic excellence and direct personal contact between students and the faculty. This program is suitable for graduates with a good degree in law, business or economics, and who have an interest in combining theoretical knowledge with practical training in law and international finance.
The Institute for Law and Finance is a non-profit foundation established in 2002 by Goethe University Frankfurt am Main with the support of many prominent institutions. ILF students are fully-enrolled members of Goethe University Frankfurt am Main, which confers the LL.M.Finance degree.
The program overcomes the traditional separation of the academic disciplines of law and business/economics. It teaches you aspects of both law and business/economics and focuses on their intersection and interplay. Thus, you will gain the competence and insights to appreciate the legal framework, constraints on economic decisions and economic consequences of legislative directives and legal practice. The faculty consists of both prominent academics as well as experienced practitioners from Europe’s financial world, e.g. leading international law firms, major banks, the European Central Bank, the German Bundesbank and BaFin (German Financial Supervisory Authority). They will train you not only to deal with but also to excel in the increasingly important area where the worlds of international law and global finance meet.
The LL.M. Finance program incorporates a special two-month internship with public and private institutions which support the ILF. These institutions typically include leading international law firms, banks, international accounting firms, the European Central Bank, Deutsche Bundesbank, BaFin and others. Through the internships, our students acquire invaluable work experience and professional contacts!
In addition to its role as a teaching institution, the ILF serves as an independent policy think-tank. Here, by hosting regular symposia, seminars and conferences, the ILF acts as an incubator for the development of new legislation proposals, and recommendations in the area of international law and finance.
In exceptional cases, a limited amount of financial aid in the form of scholarships granted for the tuition fees is available. Such scholarship funds are made possible by the generosity of the ILF sponsors. Financial aid usually takes the form of a partial funding of the tuition fees. It is awarded at the discretion of the ILF Admissions Committee based on merit as well as the applicant’s proven financial need. The ILF does not provide any grant to students for the costs of living.
As financial aid from the ILF resources is limited, we strongly recommend that you contact the international office of your home university for information on scholarships and grants for nationals of your country to study in Germany.
Subject to the prior approval of the ILF, students may arrange to complete the regular one-year LL.M. Finance program over a period of two years. The purpose of such an arrangement is to allow students to work part-time during their studies, thereby financing their studies at the ILF. The details for such part-time study has to be agreed between the student and the ILF on an individual basis and have to comply with the regular course requirements and schedule, such as accumulating a minimum number of credits over a period of two years. Students who have opted for a full-time program will not be allowed to switch to a part-time program after the start of the program.
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