Banking, Finance and Compliance

The Banking, Finance and Compliance Program at Lauder Business School combines contemporary knowledge and concepts in the field of international banking and finance with the relevant topics of law and policy as well as the tools and techniques of compliance management. The drastic changes to the regulative frameworks within which international organizations operate (Basel III, the Sarbanes-Oxley Act, Corporate Governance codes, valuation and accounting regulations, etc.) mean that contemporary business professionals need a new and very special profile.

Professionals in the finance sectors must become critical thinkers, dealmakers and investors as well as understand management in leading financial institutions and companies. Students will acquire expert knowledge in the fields of banking and finance and in managing institutions within this industry, in consulting and in auditing organizations in terms of compliance with a complex framework of regulations.

 

The LBS combines American and European educational methods and is connected to the Harvard MOC (Microeconomics of Competitiveness) Network, which includes more than 100 major business schools from 65 different countries.

Admission requirements

The prerequisite for admission to a FH masters degree program (cf. section 4, sub-section 4 FHStG, as amended) is a

  • completed FH bachelor degree program in the same field of at least 180 ECTS
  • or a completed equivalent program at a recognized domestic or recognized foreign post-secondary education institution. This must be an education institution offering programmes that last at least six semesters, which require the general matriculation standard pursuant to this federal statute for admission, and known as a post-secondary education institution pursuant to the legislation of the country where it is located.
  • Adequate command of English

In the case of Bachelor’s programs not regulated by accreditation, the director of studies of the degree program or the Council will decide whether the other program fulfills the relevant admission requirement. Information about which bachelors or post-secondary programs qualify as relevant admission requirement for certain FH masters degree programs is available from administrators or the director of studies.

Things to consider in the application
As you are applying for an international school, bear in mind that
  • English knowledge is a requirement for all our programs
    results should be submitted with the application package

 

We recommend the following tests:
  • IELTS: starting from Band,7, 7.5,8, 8.5, 9
  • CAMBRIDGE CERTIFICATE: minimum B2 or  C1/2 – CAE (Grade “C”), FCE (Grade “A”) BEC Vantage (Grade “A”), BEC Higher (Grade “C”)
  •  TOEFL: minimum score 94 points
    reading min. 22 points, listening min. 22 points, speaking min. 26 points, writing min. 24 points
  • all application documents have to be submitted in original and translation, if the documentation has not been issued bilingual or in English or in German.
    e.g. birth certificates, school leaving certificates, Bachelor diplomas, reference letters if not written in English/German.

 

  • certified translation: it has been performed by a professional qualified translator, and accurately reflects the original. Each page must be stamped & signed by the translation provider. Some translation companies also provide a Certifying Letter – look after this – it’s the translation’s legal provenance and may be asked for. The most common of these processes is apostilling under the Hague Convention.
  • Notarized translation: To notarize a translation the translator must personally attend a Public Notary’s offices, where they will swear before the Notary that they are a professionally qualified translator and that the translation is to the best of their knowledge accurate. The Notary will stamp and authorize the translation. You will need to ask for a duplicate. 
    Notarized documents incur additional legal costs and are often charged per document.
  •  Legalised translation: made by a sworn court translator may be required for court or civil cases. The apostille is required also.

 

  • Avoid sending each document individually!
    Only complete applications can be considered, exception are made with High school diplomas or Bachelor diplomas – they can be submitted once the applicant has received it.
  • The LBS reserves the right to request GMAT exams from Master applicants.
Any queries can be directed to our Admission Office, [email protected].
Key Facts:

Full-time

4 semesters, 120 ECTS

Simulations

Master of Arts

Language: English

Further links
List of courses per semester
Modules
Faculty
Completed Master Theses
Academic calendar

The academic calendar is binding and includes important dates such as the start and the end of the academic year, and of the semesters, holidays and breaks, respectively.

Be aware that the schedule (rescheduling of the classes) is subject to change.

Apply for this Program

   BFC15: TODAY WE ARE MANAGING A BANK!

On April 24 and 25, 2017, the Banking, Finance and Compliance 2015 cohort had a chance to participate in a Universal Banking simulation organized by Lauder Business School and TOPSIM®. The purpose of the simulation was for students to emulate “a flight simulator for managers”, based on a learning-by-doing approach.

Dr. Gernot Hinterleitner, Head of ICAAP at Raiffeisenbank International AG and a certified TOPSIM® lecturer, guided the BFC students through these two exciting days. Their task was to manage a virtual bank in the following areas: loan & deposit business, financial management, investment banking, wealth management, human resources and marketing.

TOPSIM® Simulations are deployed in many companies across the US, Europe and Asia. In addition, they are used by more than 300 universities in Germany, as well as 70 per cent of the 30 DAX-listed companies. Some of the businesses are: UniCredit Bank Austria AG, Credit Suisse Group, Erste Group Bank AG, Allianz, McKinsey, BCG. Some of the educational institutions include: Ludwig-Maximilians-Universität München, Freie Universität Berlin, Universität Tübingen, WHU – Otto Beisheim School of Management, Siemens CKI RWTH Aachen, Frankfurt School of Finance and Management, European Business School, WU Wien, etc.

The purpose of the simulation was for students to emulate “a flight simulator for managers”, based on a learning-by-doing approach.