Study at the Institute for Law and Finance (ILF) of Goethe University Frankfurt am Main – where theory and practice meets!
The Institute for Law and Finance has, for nearly 20 years, dedicated itself to teaching excellence, delivering a complete learning experience in Frankfurt, Europe’s financial capital.
It is a center for academic excellence in teaching and research established in 2002 by Goethe University Frankfurt am Main with the support of many prominent institutions. Leading commercial banks and international law firms, the Frankfurt Chamber of Commerce and Industry, the City of Frankfurt and the State of Hesse, as well as the European Central Bank and the Deutsche Bundesbank have been actively involved in the ILF right from the planning stages until today.
Our programs, which successful completion will lead to an LL.M. degree awarded by Goethe University Frankfurt am Main, spread across two semesters and over 10 months. They comprise a carefully curated curriculum designed to prepare students for the latest developments in financial matters in the field of law.
Both the LL.M. Finance and the LL.M. International Finance programs teach our students to answer the pressing questions in the world’s interconnected economies and think creatively in a range of professional situations. We equip those who study at the ILF with knowledge from our faculty, many of whom are leading experts in their fields and teach essential skills to take their knowledge into the global market.
The Institute for Law and Finance offers two degree programs, the LL.M. Finance, launched in 2002 and the LL.M. International Finance launched in 2014. The ILF is supported by many international and leading commercial banks, law firms, consulting firms, accountancy firms and regulatory authorities such as the European Central Bank (ECB) and the German Central Bank (Deutsche Bundesbank) etc. This unique factor makes the education we provide world class. In 2019, the LLM Guide ranked the ILF among the top institutions in the world for its LL.M. programs.
Who Are Our Students?
The ILF student body is a select group of highly qualified and intellectually curious individuals from varying backgrounds. Each year, we receive students who have completed their undergraduate studies from more than 22 countries around the world. Our students typically have a law, finance or business and economics background.
Due to the limited class size, 70 students are admitted across both programs to ensure that close bonds can form during academic study and that the students can reap the benefits of small class sizes with lively discussion.
ILF students from the Class of 2019
Our valued alumni are spread all over the globe across a number of industries and positions. A handful of companies where our alumni currently work are detailed below:
- Clifford Chance
- European Central Bank (ECB)
- Ernst & Young
- PricewaterhouseCoopers (PwC)
- The Blackstone Group
- White & Case
Frankfurt am Main is the most international city in Germany and the largest financial center in continental Europe. Within the city, there is a great diversity of people with around one-third of those living here not holding German passports. There is also diversity of career opportunities with many leading banks, law firms and regulatory institutions which have their offices within a short commute from the ILF campus.
Frankfurt has an important strategic location in Europe which makes traveling to neighboring European countries by road, rail or air an easy journey. Frankfurt airport, one of the largest airports in Europe is also located 20 minutes from the city center of Frankfurt, thus making international travel incredibly accessible.
Curriculum, Faculty and Extra-Curriculars
The curriculum of the LL.M. Finance program is comprised of three main sections:
- Coursework: 12 Courses (60 ECTS)
- Master’s Thesis (20 ECTS)
- Internship (10 ECTS)
The curriculum of the LL.M. International Finance program is comprised of the following:
- Coursework: 9 courses (45 ECTS)
- Master’s Thesis (15 ECTS)
- Additional Courses
- Legal and Management Training Program
At the ILF, the ratio of academic faculty to students currently sits at 1:1, which means our students have a wide range of dedicated professionals teaching their courses and they can gain insight from the exact individuals who are currently leading experts in their fields. Administrative staff are on hand from the application process and throughout a student’s time in Frankfurt to ensure their studies progress smoothly.
Study at the Institute for Law & Finance
In addition to the prestigious academic courses on offer, at the ILF, we encourage our students to enjoy their free time in Frankfurt to the fullest by organizing a variety of social events such as the annual ILF Christmas Party, ILF Alumni Roundtables, fieldtrips to Berlin, visits to sport events (basketball and football) and much more.
On campus, we regularly host ILF conferences and guest lectures on the most current and relevant topics such as Brexit, Compliance and Banking Union. ILF students always receive an invitation to participate, network and learn outside the classroom.
As an integral and important part of the LL.M. Finance program, our students have the valuable opportunity to take part in an internship at one of the ILF’s sponsors from the financial, regulatory, central banking, international law and accounting areas. While internships during the LL.M. International Finance program are voluntary, with the strong organizational support of the ILF, many of our students are happy recipients of internship placements with our sponsors and supporters.
The LL.M. Finance program takes 1 year to complete and tuition is competitively priced at €20,000 (EUR) per annum from the academic year 2020/21 onwards. Financial aid is available to those who meet certain criteria. The LL.M. Finance program is available on a part-time basis for those already in employment and this would take 2 years to complete and tuition is set at €22,000 (EUR).
The tuition for the LL.M. International Finance program is set at €18,000 (EUR) per annum from academic year 2020/21 onwards. This course is not available for participation on a part time basis.
Applications will be considered on a rolling basis. Candidates will generally be informed of the results of their applications within 6 weeks of receipt of the completed application by the ILF. No application fee is required. Candidates are urged to submit their applications as soon as possible since applications are considered in the order in which they are completed which means that admissions will be given on a “first come first serve” basis.
For more information, visit our application page for the LL.M. Finance Program HERE or for the LL.M.
International Finance program HERE.
For general information, please visit the Institute for Law and Finance Homepage here.