Doctoral School in Economics and Finance, Ph.D.

  • Application Deadline
  • 36 months
  • Tuition
    Tuition (Semester)
    Tuition (Semester)
  • English (take IELTS)


The doctoral candidates of this Doctoral School in Economics and Finance at the University of Luxembourg will focus on developing their ability to cope with new, original research questions and address them with up-to-date quantitative tools and methods. The objective is to train highly skilled professionals and to contribute to the dissemination and advancement of knowledge in economics and finance.

Through the collaboration of the School’s researchers with private partners as well as local and international public institutions, the doctoral candidates will have the opportunity to exchange with external experts and organisations.

The interdisciplinary nature of the School offers candidates a rich training environment and diversity of research topics, as well as a better opportunity of academic and professional placement within and outside Europe. The two research programmes cover the following topics:

  • Economics, focusing on regional development, economic integration, environment policies, international economics, macro finance, macroeconomic growth and dynamics.
  • Finance, focusing on quantitative finance, risk management and financial governance, corporate finance, behavioural finance, law and finance, islamic finance.

Career perspective

The doctoral school aims at supplying high qualification professionals in Economics and Finance, for careers in Luxembourg or abroad in

  • research centers and universities
  • the finance industry (e.g. banks and credit institutions)
  • economic and/or financial public institutions (e.g. public administrations, Central Banks, governments, Institutes for Statistics, the European Investment Bank, the European Commission)


Detailed Programme Facts

  • Programme intensity

    You can choose to do this programme part-time or full-time.

    • Duration 36 months
    • Duration description

      Three years, with a possible extension to four years.

  • Credits
    20 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

Courses include:

  • Advanced Macroeconomics II
  • Research Seminars in Finance
  • Corporate Finance Theory
  • Start up course for Stata User
  • Job market seminar in economics and finance
  • Doctoral Course on Matching Methods
  • Advanced Econometrics  – Nonparametric Methods in Econometrics
  • Research Topics in Intellectual Property and Patents
  • Matlab for financial modeling
  • The Equity Premium Puzzle
  • Doctoral Seminar on Experimental Methods in Economics and Finance
  • Topics on Migration
  • Advanced Investment Theory

For more information, please visit the programme website.

English Language Requirements

This programme requires students to demonstrate proficiency in English.

Take IELTS test

Academic Requirements

  • Master in Economics, Finance, Econometrics, Management with a strong quantitative background, and/or Master in Math, Physics, Engineering, and Quantitative Sciences (min 120 ECTS)
  • Preparatory training in Academic Research in Economics and/or Finance:
    • Either the completion of Master in Economics and Finance Research Track of the University of Luxembourg and the recommendation for a PhD by its examination board.
    • Or having completed equivalent research master courses in other programmes. Equivalence shall be checked by the DSEF PhD Admission Committee.
  • Research project (2 pages)
  • PhD Director at DSEF
  • Funding
  • Motivation letter (1 page)
  • Reference letters
  • TOEFL (B2 level) is required for non-native English speakers.

Tuition Fee Per Semester

  • EUR 200 International
  • EUR 200 EU/EEA


There are several possibilities to fund your PhD:

  • Teaching Assistant ships associated to a Professor.
  • AFR FNR grants on student’s project
  • AXA grant
  • BCL grant
  • EIB fund
  • UL Internal Funding on projects held by UL Professor
  • Other funding
  • Students may be self-funded.

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.