Students must receive a minimum of 90 credit points for coursework within a period of two semesters and must complete a seven-week internship which the ILF assists in arranging, as well as a Master's thesis (about 65 pages).
Subject to prior approval of the ILF, students may arrange to complete the regular, one-year LLM Finance programme 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.
If you decide to do the programme on a part-time basis, you will be required to accumulate at least 90 credit points over a period of two years instead of one year. Of the 90 credit points, 60 credit points will be attained from the successful completion of twelve five-credit courses. This means that you will have to take at least three courses per semester in order to have twelve courses completed by the end of the two-year (or four-semester) period.
Depending on the scheduling of the individual courses you select, you will probably have to attend classes at least once a week for each selected course. If you continue to work during your studies, you may request an exemption from the internship requirement of the programme regulations.
Students who have opted for a full-time programme will not be allowed to switch to a part-time programme after the start of the programme.
Study abroad unit(s)
Up to four LLM Finance students with a German "First Legal State Examination" qualification enrolled at the ILF will have the option to spend the first semester (i.e. the winter semester) of the one-year programme at Boston University School of Law and attend the school's Graduate programme in Banking and Financial law (http://www.bu.edu/law/prospective/llm/banking/
). Upon completion, the ILF students will attend the second semester (summer semester) at the ILF and will then graduate with the LLM Finance degree from the ILF.
Up to two LLM Finance students can spend a semester at the University FGV DIREITO RIO in Brazil after completing the LLM Finance programme at the ILF.
The LLM Finance degree programme includes a seven-week internship. The internship experience gives students an opportunity to test and consolidate their understanding of the coursework. Thanks to our location in Frankfurt and the high calibre of our sponsors, students benefit from unique internship opportunities. Internships are offered by leading international law firms in Frankfurt, major banks, accounting firms, the German financial regulatory body BaFin, the German Bundesbank and the ECB. Internships expose students to the working environment and professional expectations of leading firms and institutions. The valuable opportunity to form contacts for potential career development is also highly appreciated by students.
Internships are usually undertaken during the break between the winter and summer semesters (February/March), but they may occasionally take place during the summer break (from July onwards).
Students, in consultation with the ILF, may apply to the law firm, financial institution or other organisation of their choice. The ILF assists students in finding suitable internship positions. Positions are awarded on a competitive basis, with student initiative and interest being the primary criterion for placement. Internships are not necessarily restricted geographically and positions outside Germany are possible if a student takes the initiative to organise such an opportunity.
Forms of assessment
Examinations, group assignments, take-home assignments, class participation, and class presentations
Numerous, rapid changes in the global financial markets over the past few decades have dramatically altered the requirements for and contents of legal study. With the development of new financial instruments such as derivatives and international hedge funds as well as entirely new requirements for financial regulation, central banking and insolvency law, there is an urgent need for professionals to be trained in the qualitatively new and rapidly evolving areas of legal practice.
The LLM Finance degree programme at the ILF will train you not only to deal with but also to excel in this increasingly important area where the worlds of international law and global finance meet. We provide our students with a springboard for their careers in international corporations, banks, law firms, accounting and auditing firms.