The Master’s degree programme in Innovative Finance focuses on asset and wealth management, risk management and international finance. The programme is characterised by its research orientation, strong international approach, CFA-, CAIA- and GARP-aligned curriculum and personal learning environment.

Each year, around 35–40 students from all over the world are admitted. The programme offers insights into current research topics in finance. It also helps students strengthen their skills in academic methods by carrying out research projects. Practice-oriented MasterLAB modules promote teamwork and leadership skills. Field trips and study tours, as well as the opportunity to spend a semester abroad, also provide insights into different cultures and international financial markets.

The programme is modular in structure, and lectures generally take place on three days per week. The entire programme is taught in English. Great importance is placed on teamwork in small groups, ensuring particularly close contact between lecturers and students.

This programme offers two specialised tracks: the Industry Track for professional requirements in the financial sector and the Research Track for a career in research and development.

Through a wide range of Core Electives in financial innovation such as sustainable finance, crypto finance or AI and machine learning, you can tailor the programme to your interests and career plans.

The programme can also be completed on a part-time basis, with the duration extended accordingly.

Curriculum MSc Innovative Finance

Programme Structure

If you gain work experience during your studies, you can not only earn additional money but also prepare for your career after graduation. Our students do this through part-time employment, internships during the holidays or a six-month internship during a study break.

After completing the programme, graduates are highly qualified for careers in finance – for example in financial risk management, asset, investment and wealth management, international financial management and portfolio management. We encourage our students to take an active part in extracurricular activities to strengthen their professional profile.

Graduates have excellent career prospects and are qualified for a wide range of leadership and specialist positions in the financial services industry or in the finance departments of internationally active companies. The unique strategic location of Liechtenstein also provides our master’s students with easy access to the Swiss and European financial job markets.

To apply for the Master’s degree programme in Innovative Finance at the University of Liechtenstein, you need to have successfully completed a relevant bachelor’s degree or another equivalent higher education qualification, as well as English language skills at level B2. The application is submitted online via our Application and Admission page – the earlier, the better. You will also find further information about deadlines there. We look forward to welcoming you soon.

Admission Guidelines

Student life in the Master’s degree programme in Innovative Finance combines academic learning, practical experience and an active community. The student-founded initiative UniVision offers projects in strategy and process management, while START Vaduz fosters entrepreneurial thinking with pitch events and networking. “Spinnerei” shapes social life on campus and runs the “Red Cube Bar” as a popular meeting place. Numerous sports activities provide exercise and balance alongside your studies. This creates a campus environment that offers valuable connections, practical experience and a wide range of leisure opportunities. You can find more information and details on the Student Life page.

Each academic year, LGT awards two scholarships covering the tuition fees for the first two semesters (CHF 1,900). All students admitted to the first year of the Master in Innovative Finance at the University of Liechtenstein are eligible to apply for the LGT University Scholarship.

The Master’s degree programme in Innovative Finance is one of the few master’s programmes worldwide connected to all three major professional associations in the finance industry: CFA, GARP and CAIA.

To become a university partner of these associations, we had to demonstrate that our curriculum aligns with their bodies of knowledge.

Students who complete our Master’s programme in Innovative Finance can therefore expect to be well prepared for all three professional finance exams.

CFA

Our Master’s degree programme in Innovative Finance, which incorporates at least 70% of the CFA Programme Candidate Body of Knowledge (CBOK) into its curriculum, has been accepted into the CFA University Affiliation Programme. Our courses provide students with a strong foundation in the CBOK and prepare them well for the CFA exams. The CFA is the most recognised qualification in global financial markets. It prepares candidates for careers in investment management, wealth management, portfolio management, institutional trading and market research. Completing two of the three CFA exam levels within the standard study period gives students interested in these careers a competitive advantage. Through our membership in the local CFA Society, students can also apply for one of the CFA scholarships awarded each year.

GARP

The Master in Innovative Finance covers at least 70% of the knowledge and 100% of the learning objectives in the area of ethics/professional ethics. This prepares students for the GARP Financial Risk Management (FRM®) exam. The FRM exam is recognised worldwide as the standard for professional risk management certification and prepares students for success in areas such as asset and liability management, enterprise risk management, credit risk, derivatives and exotics, quantitative analysis, and equities and fixed income. Students can apply for an FRM scholarship awarded annually.

CAIA

The MSc in Innovative Finance at the University of Liechtenstein covers at least 60% of the entire CAIA curriculum as outlined in the Core Knowledge Outline (CKO). CAIA has confirmed that the programme content meets this requirement. Holding the CAIA Charter provides a clear advantage in the market. In addition to developing knowledge of asset classes and strategies, charterholders gain a thorough understanding of the risk-return characteristics of alternative investments in portfolio construction, whether for wealth accumulation or preservation.

As part of our Core Electives, you have the opportunity to take part in the study trip during the summer semester.

The study trips usually lead to international financial centres in North America, for example New York and Washington, or in Asia, for example Singapore.

Over five days, we plan visits to financial institutions such as banks, family offices or consulting firms as well as to political institutions such as embassies.

A semester abroad broadens your horizons academically, culturally and personally.

In the Master in Innovative Finance, you have the opportunity to spend one semester at one of our more than 100 partner universities worldwide. Whether in Europe, Asia, North America or Oceania, the University of Liechtenstein offers a wide range of opportunities to gain international experience and to expand your global network.

The International Office supports you with the planning, preparation and organisation of your stay, from application to return.

Further information is available on the International Office page.

A semester abroad broadens your horizons academically, culturally and personally.

In the Master in Entrepreneurship, Innovation and Leadership, you have the opportunity to spend a semester at one of our more than 100 partner universities worldwide. Whether in Europe, Asia, North America or Oceania, the University of Liechtenstein offers you a wide range of opportunities to gain international experience and expand your network globally.

The International Office supports you with planning, preparation and organisation for your stay, from the application to your return.

You can find more information on the International Office page.

One degree, a lifelong connection.

As an alumna or alumnus of the University of Liechtenstein, you will become part of a strong international network that extends far beyond your studies. The alumni community connects graduates with current students and the university for exchange, inspiration and support.

You will have access to exclusive events, continuing education opportunities and a platform for professional contacts. Whether networking evenings, specialist talks or mentoring, the community grows with you and supports you along your path. Become part of this network and take advantage of the many opportunities for your development.

Do you have questions about studying? In our FAQ, we answer the most important topics about application, procedures, organisation, study funding and much more. You will find all the answers on the FAQ page.

Shape your programme to match your interests with our Core Electives.

In the 120 ECTS curriculum, you can choose 15 ECTS credits entirely according to your interests. The Core Electives give you in-depth insights into current topics and research areas in entrepreneurship, innovation and leadership.

Whether marketing, leadership, management, sales, tax and law, data science, machine learning, corporate governance or product development, you can focus on the areas that fit your professional profile. This allows you to design your programme flexibly and individually, choosing exactly the content that interests you and helps you advance. We support you in developing your personal profile and give you the freedom to follow your own path in your studies.

• International Study Trip: Experience entrepreneurship up close on exclusive trips to innovation hotspots such as Silicon Valley or Canada. Meet start-ups, scale-ups, companies, investors, incubators and legal and innovation experts on site for valuable insights and networking.
• Innovation Lab: Work hands-on on your own idea or support innovation projects with companies.
• Strong Network: Benefit from direct access to entrepreneurs, mentors, investors and industry experts.
• International Exchange: Study at one of over 100 partner universities worldwide and discover exciting centres of innovation.
• Small Groups, Big Impact: Learn in a personal atmosphere with individual support from experienced experts.
• Core Electives: Design your programme flexibly with elective modules in leadership, data science, corporate governance, product development and more.
• Career Diversity: Whether start-up, consulting, family business or corporation, this master’s degree offers you many paths.
• Entrepreneurial Mindset: Develop the mindset and tools to actively shape change and take on responsibility.
• Community and Campus Life: Look forward to a vibrant study experience with barbecues, events, sports and a strong sense of community.

The Master’s degree programme in architecture at the University of Liechtenstein is designed for four semesters and comprises 120 ECTS credits. The language of instruction is English. The programme can also be completed part-time, with the duration extended accordingly.

The newly developed curriculum of the LSA, introduced in 2024, addresses the key challenges facing architecture and urban planning: climate change, resource scarcity, urbanisation processes and the development of innovative, sustainable building materials such as earth. It is structured around the five subject areas of the LSA.

There is the option to choose a specialisation (“major”) – but it is not compulsory. Those who choose to specialise can focus their studies on a specific area of architecture.

The following five specialisations are available:

• Craft & Structure
• Sustainable Design
• Built Heritage & Upcycling
• Urban Design & Spatial Development
• Housing & Society
   

To the curriculum diagram

Liechtenstein and the Alpine Rhine Valley region are among the most innovative economic areas in Europe – shaped by alpine landscapes and an architectural approach that is deeply rooted in the geographical and cultural context. Numerous renowned architects work here, including Peter Zumthor, Gion A. Caminada, Valerio Olgiati, Bernardo Bader and Baumschlager Eberle. A professional internship is part of the study plan and makes it easier to transition into the world of work.

After completing the master’s degree at the University of Liechtenstein, it is possible to pursue a doctorate with one of our professors. To the Doctorate in Architecture and Planning.

To secure a place in the Master’s degree programme in architecture at the University of Liechtenstein, you need a relevant Bachelor’s degree in architecture or a related field with at least 180 ECTS credits. In addition, you must submit proof of English at level B2, a letter of motivation and a portfolio of projects – including your bachelor’s thesis.

Applications are submitted online. Early submission is recommended. Further information about deadlines and the application process can be found on the Application and Admission page.

The architecture programme at the University of Liechtenstein combines intensive design training with a rich cultural environment. The campus is located in the heart of the Alps – ideal for anyone who enjoys spending time outdoors alongside their studies. Hiking, skiing or climbing are part of everyday life for many students.

At the same time, the region offers a high density of architecture-related events, exhibitions and excursions. Cities such as Zurich, Munich or Milan – important centres of the European architecture scene – can be reached in a short time.

There is also plenty happening on campus itself: public lectures, exhibition openings, workshops and student-organised events create a vibrant atmosphere and encourage exchange within the community. 

Events at the Liechtenstein School of Architecture
Student Life at the University of Liechtenstein

Please note that the programme is taught in German.

The Bachelor’s degree programme in architecture at the University of Liechtenstein is designed for six semesters and comprises 180 ECTS credits. At its core are the project studios, where designs are developed and architecturally and socially relevant topics are explored. A six-month internship is a requirement for completing the Bachelor’s degree programme.

The curriculum  is practice-oriented and aligned with the five subject areas of the Liechtenstein School of Architecture. At the same time, it offers space for individual focus areas and personal approaches to design.

Go to curriculum overview

The Bachelor’s degree in architecture opens up a range of opportunities – whether for further Master’s study or direct entry into a professional career.

Many graduates choose to pursue a Master’s degree at the University of Liechtenstein or at another university in Liechtenstein or abroad to deepen their design, technical and theoretical knowledge.

A direct entry into the profession is also possible, for example in the following areas:

• Architecture and planning offices
• Urban development and spatial planning
• Project development and real estate
• Construction management and construction economics
• Design, scenography and other fields of the creative industries

The region around Liechtenstein offers an ideal environment for this: a broad network of offices, high standards of building culture and space for new ideas.

For admission to the Bachelor’s degree programme in architecture at the University of Liechtenstein, a general university entrance qualification (Matura, Abitur) or an equivalent international qualification is required. Registration is completed online and is possible even before receiving the final certificate. Further information about deadlines and the application process can be found on the Application and Admission page.

The architecture programme at the University of Liechtenstein combines intensive design training with a rich cultural environment. The campus is located in the heart of the Alps, ideal for anyone who enjoys spending time outdoors alongside their studies. Hiking, skiing or climbing are part of everyday life for many students.

At the same time, the region offers a high density of architecture-related events, exhibitions and excursions. Cities such as Zurich, Munich or Milan, important centres of the European architecture scene, can be reached in a short time.

There is also plenty happening on campus itself: public lectures, exhibition openings, workshops and student-organised events create a vibrant atmosphere and encourage exchange within the community. 
 

Events at the Liechtenstein School of Architecture

Student Life at the University of Liechtenstein

The specialisation in International Financial Services focuses on the complex world of internationally active financial services companies. You analyse interrelationships within the financial environment and apply your knowledge to subject specific questions.

This specialisation prepares you for careers in banks, insurance companies, asset management companies and the development of innovative financial products.

Module 1: Financial Markets and Institutions

This module provides an overview of the financial market and the financial system. It addresses the financial market and the international financial market, market efficiency, the nature and diversity of financial intermediation and financial intermediaries. In addition, the module covers bank risks, spot lending, credit risks, selected specialised topics in lending, off balance sheet banking activities, contingent claims and securitisation, the deposit contract, deposit protection and shadow banking, the capital structure of banks and the objectives of banking regulation.

Module 2: Corporate Finance

This module covers different legal forms of business organisation, the law of one price, the time value of money, bond valuation, rules for investment decisions, capital budgeting, equity valuation, cost of capital and long term financing.

Module 3: Innovative Finance and Research Project

This module provides insights into blockchain technologies, Bitcoin and altcoins, tokenisation, crypto asset management, FinTech and current topics in financial and tax law.

Module 4: Risk Management and Financial Decision Making

This module addresses financial risk management, financial derivatives, the use of derivatives in financial risk management, expected utility theory, mean variance theory, prospect theory, non cooperative game theory, asymmetric information and market efficiency, as well as behavioural biases.

Module 5: Portfolio Management

This module covers the investment process, financial and portfolio mathematics, risky assets, mean variance portfolio theory, index models, the Capital Asset Pricing Model, the Arbitrage Pricing Theory, multifactor models, equity and fixed income securities analysis, yield curves and the efficient market hypothesis.

Module 6: International Taxation: Companies, Structures, Private Individuals

This module covers national and international corporate taxation in Liechtenstein, Switzerland, Austria and Germany. It also addresses corporate tax systems, choice of legal form and financing, group tax rate, international corporate taxation, international tax planning and European tax law.

In this specialisation, you analyse the key factors of the international environment that influence different management functions and shape them independently. The focus is on international management combined with entrepreneurial thinking.

This specialisation qualifies you for leadership positions in internationally active companies, business start ups or roles in growth oriented and export oriented companies as well as international consulting firms.

Module 1: International Management

This module is about an introduction to international business, theories of trade and investment, participants in international business, political legal and cultural aspects of international business, strategy and organization of the international firm, marketing in the global firm, current issues in international management and international management in practice.

Module 2: Innovation Seminar

Solving a practical business challenge in collaboration with a company partner is conducted in this module.

Module 3: Entrepreneurship and Family Business

This module is about foundations of entrepreneurship and family firm research, new venture creation, SME management, Entrepreneurial orientation, Entrepreneurial mindset, opportunity recognition, exploration vs. exploitation, building blocks of “Corporate Entrepreneurship” and entrepreneurial behavior in family firms.

Module 4: Digital Markets

This module is about fundamentals of digital markets, platform economics, digital transformation and changes in value creation through digitization. It also deals with strategies and principles of platform economy.

Module 5: International Economics

Following a short introduction to international economics, the module provides an understanding of the basic principles of international trade, trade policy and international finance.

Module 6: Technology and Innovation Management

The module aims at understanding technology and innovation management in companies, answering questions such as the definition of innovation and how it can be promoted or the connection between strategy and innovation. In addition to inputs in general lecture style, the students will develop and prototype a product or service based on a given technology.

The IMIT specialisation is positioned at the interface between business administration and information technology. You analyse the impact of information technology on the design of organisations and develop IT applications for companies and end consumers.

This specialisation prepares you for careers as an IT manager, business analyst or specialist in the digital transformation of companies.

Module 1: Process Management

This module conveys the fundamental building blocks of process management. Thereby, it introduces the basic stages of the process lifecycle, including the discovery, analysis, improvement, implementation and monitoring of a business process. For each stage, it will introduce tools to facilitate and improve process work.

Module 2: Enterprise Systems

This module is about benefits of enterprise systems, life-cycle of enterprise, enterprise resource planning, customer relationship management, supply chain management, supply chain management and latest technological developments. A case study on the subject enterprise processes in SAP is also conducted in this module.
 

Module 3: Information Management

This module deals with managing information, managing information systems, data mining and managing information as well as communication technology. 
 

Module 4: System Analysis and Design

This module gives an insight into the foundations of software engineering, programming, relational data modeling, object-oriented systems modeling, best practices of software engineering and programming. Furthermore this module includes a case study.

Module 5: E-Commerce

This module is about fundamentals of online trading, economical, legal and ethical aspects of e-commerce, business models differentiation of B2B and B2C, architectures and functionalities, technologies and E-government. This module also includes a case study. 

Module 6: Innovation Lab

The course covers fundamental frameworks, models, and methods with regard to innovation. Topics include managing innovation within firms, process innovation, innovation decision-making, open innovation and technology transfer, and innovation culture. A real-life case which is set up in cooperation with a company partner serves to apply knowledge on innovation management in a practical project. The developed solution should be scientifically sound and applicable in practice.