91Ë¿¹ÏÊÓƵ

Whether you're seeking information about the curriculum, admission process, or opportunities after graduation, this guide addressed the most common questions about the 91Ë¿¹ÏÊÓƵ Master of Management in Finance (MMF) Luxembourg programme.

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→ Desautels Capital Management (DCM)
→ Tuition and financial aid

1. 91Ë¿¹ÏÊÓƵ

For admission to graduate programmes at 91Ë¿¹ÏÊÓƵ, the minimum Cumulative Grade Point Average (CGPA) is 3.0 out of a possible 4.0, or a Grade Point Average (GPA) of 3.2 out of 4.0 in the last two years of full-time studies.

Applicants should refer to 91Ë¿¹ÏÊÓƵ’s Equivalency Page for country-specific requirements.

1.1: What are the academic requirements for applicants with a bachelor’s and/or master’s degree from Bologna signatory countries?

For credentials awarded under the Bologna signatory agreement, applicants must complete a bachelor’s degree comprising 180-240 European Credit Transfer and Accumulation System (ECTS) credits to be eligible for entry to a master’s programme at 91Ë¿¹ÏÊÓƵ.

Applicants who have completed a 60-ECTS-credit master’s degree may be considered for admission to a 91Ë¿¹ÏÊÓƵ master’s degree programme.

1.2: Do I need to be a European national to apply for the MMF LUX (Part-time) programme?

Only nationals of a member state of the European Union, the European Economic Area, or the Swiss Confederation, as well as nationals of third countries who already hold a valid residence permit in the European Union, are eligible to apply to this programme. For applicants from third countries, the residence permit must not only be valid at the time of application but must also remain valid for the entire duration of their enrolment in the programme. Applicants with an alternative residency status are welcome to email mmfluxembourg [at] mcgill.ca to be assessed individually before applying.

1.3: Which quantitative skills are necessary for the MMF LUX (Part-time) programme?

While the MMF Luxembourg is not a mathematical finance program, students should have an aptitude for quantitative methods.

1.4: Do I need to have an undergraduate degree in finance?

An undergraduate degree in finance is not a requirement. The programme is designed for students who want to start or continue in finance and have the necessary quantitative skills. Students with undergraduate degrees in economics, sciences and engineering are encouraged to apply.

1.5: Do I need work experience?

The programme is tailored for working professionals with some work experience. While 3 - 7 years of experience is a good guideline, candidates with strong holistic profiles may still be considered without prior work experience.

1.6: Do you accept GMAT or GRE scores?

We accept both. Please use the following institutional codes when registering for a test: GMAT: 58H-MN-66, GRE: 0935.

Note: The GMAT or GRE requirement may be waived for MMF Luxembourg if you can demonstrate strong quantitative skills through your academic background from a recognized university and/or work experience. Submitting a score can strengthen your application and enhance your overall profile.

1.7: Is there a minimum score for GMAT or GRE?

There is no minimum requirement. The 91Ë¿¹ÏÊÓƵ Committee will consider your GPA, GRE/GMAT scores and coursework to determine your ability to handle the quantitative nature of the curriculum., alongside your resume and letters of recommendation.

1.8: What are the application deadlines?

Early deadlines are November 15, 2025 and January 15, 2026. The final deadline is June 15, 2026.

1.9: When does the programme start?

The Master of Management in Finance Luxembourg (Part-time) programme is a 24-month programme that begins in August 2026 (Fall term).

1.10: Is TOEFL or IELTS required?

Applicants whose mother tongue is not English and who have not completed their degree in an English-language institution must submit either a score. For the TOEFL, the 91Ë¿¹ÏÊÓƵ Institution code 0935. For IELTS, please request that the scores are submitted electronically to 91Ë¿¹ÏÊÓƵ via the IELTS Results Service. Please refer to the page for details on 91Ë¿¹ÏÊÓƵ’s minimum English requirements and to determine if you may be exempt from taking a proficiency test.

1.11: What is the admission process?

Read the admission process and the MMF Luxembourg Checklist, then submit your application on the . Complete applications are reviewed on a rolling basis after the first deadline of November 15. Selected candidates will then be invited for an interview, after which the admission committee will make its final decisions.

1.12: Who should I ask for references?

We recommend asking individuals who know your strengths and competencies well. References may be professional or academic.

1.13: Is an interview required?

After a preliminary review of completed applications, only selected candidates will be invited for an interview. Our office will contact those candidates via email to arrange a date and time. Interviews are conducted online.

1.14: If I am admitted, when do I have to respond?

You will have two weeks to accept the offer and pay a non-refundable deposit of Can $5,000.

1.15: If I am admitted, can I defer my admission?

Under exceptional circumstances, an applicant may defer their acceptance for a period no longer than one year. Deferral requests must be submitted in writing with an explanation of the reasons. In order to secure a space for the following year, a deferral fee is required.

2. Program

2.1: Is the MMF Luxembourg (Part-time) programme a Canadian degree program?

Yes, the 91Ë¿¹ÏÊÓƵ MMF Luxembourg (Part-time) programme is a Canadian degree program offered in Luxembourg. Upon completion, students are awarded a Canadian accredited academic degree conferred by 91Ë¿¹ÏÊÓƵ.

2.2: What is the length of the programme?

The 91Ë¿¹ÏÊÓƵ MMF Luxembourg programme is a 45-credit programme completed over 24 months on a part-time basis.

2.3: What is the delivery format?

The part-time MMF LUX programme is delivered in a blended format combining online and in-person components. Courses typically span four weeks, beginning and ending with remote evening classes, and include in-person classes on Fridays and Saturdays across two consecutive weekends. The online Desautels Capital Management Inc. (DCM) sessions occur biweekly on one weekday evening.

2.4: What is unique about the 91Ë¿¹ÏÊÓƵ MMF LUX Programme?

Our programme offers a unique opportunity to apply financial theory in practice within one of Europe’s leading financial centres, through a flexible blended format designed for working professionals. Students are fully immersed as analysts at Desautels Capital Management (DCM), a student-run, registered investment firm, gaining direct, hands-on experience in asset management. Students also benefit from study trips, the expertise of industry leaders who contribute through guest lectures, networking events and company visits. The programme is backed by 91Ë¿¹ÏÊÓƵ’s global reputation and strong international alumni network, giving graduates a distinctive edge in the international finance industry

2.5: Does the MMF LUX (Part-time) programme help with the preparation for CFA?

Our programme covers many topics that are required for the CFA, but it is not a CFA preparatory program. The programme also provides a strong foundation for f other professional finance certifications, such as those offered by the Global Association of Risk Professionals (GARP), the Professional Risk Managers International Association (PRMIA), the Chartered Alternative Investment Analyst Association (CAIA) and the Global Fund Risk Certification (GFR).

2.6: Is there a thesis or an internship?

The MMF Luxembourg programme is non-thesis, without an internship component.

3. Desautels Capital Management (DCM)

3.1: What is Desautels Capital Management Inc. (DCM)?

 is Canada’s first university-owned, student-run registered investment management firm. Established in 2009, Desautels Capital Management offers students in the Honors Investment Management (HIM) and Master of Management in Finance (MMF Montreal and Luxembourg) programmes meaningful and realistic experience in the industry. All students enrolled in these programs actively contribute to the company, managing different funds.

3.2: How is DCM different from other university-run funds?

Desautels Capital Management is a real investment company, licensed and regulated with its independent board of directors. It is 100% owned by 91Ë¿¹ÏÊÓƵ and manages the assets of external accredited investors.

3.3: Do I get paid as an analyst at DCM?

No, there is no monetary compensation. DCM is an integral part of the curriculum in which students gain hands-on experience at managing external investors’ assets.

3.4: How many hours would I be contributing to DCM as an analyst?

3 - 5 hours per week.

4. Tuition and financial aid

4.1: How much does the programme cost?

The total tuition amount for the 91Ë¿¹ÏÊÓƵ MMF Luxembourg is Can $72,524 (Fall 2026 admission).

4.2: When are fees due

Accepted students must pay a deposit of Can $5,000 upon accepting the offer of admission. Tuition is due after course registration. Note that 91Ë¿¹ÏÊÓƵ fees are billed monthly via an e-bill that is issued within the first 5 business days of each month, with payments due 20-25 days later.

4.3: Is financial aid available?

Yes, students who meet the eligibility criteria may apply for AideFi, Luxembourg’s state financial aid program for higher education. Support may include grants and/or loans to help cover tuition. To learn more and to assess your eligibility, visit Ìý²õ¾±³Ù±ð.Ìý

100% Tax Deductible*

Under certain conditions, the MMF Luxembourg Programme may be 100% tax deductible in Luxembourg through your annual tax declaration. Further training expenses related to the taxpayer’s current professional activity may fall within the scope of acquisition costs under Article 105 of the ITA and may therefore be deductible from taxable income.

*Please note: 91Ë¿¹ÏÊÓƵ does not provide tax advice. Eligibility for deductibility depends on each taxpayer’s individual situation and is determined exclusively by the Luxembourg tax authorities. For official eligibility information, please visit: .