Fees and Application
All decisions regarding admissions to the LL.M. Finance program as well as the grant of ILF Scholarships (Financial Need-Based), if any, are made by the Admissions Committee.
Tuition Fees
The tuition fee of the LL.M. Finance program 2013/14 is set at € 18,000 (one-year, full-time) and €22,000 (two years, part-time). This fee covers tuition, the use of the ILF facilities, the use of the facilities at the University of Frankfurt, the conferment of the degree upon the successful completion of the program requirements, transcripts, degree certificates as well as selected extracurricular activities. It does not cover the costs of living (i.e. board and lodging), health insurance, teaching materials or computer consumables.
Please click here to find out more about the financing options.
The ILF does not provide any grant to students for the costs of living. Before being admitted to the ILF program, every student must satisfy the Admissions Committee that he/she is able to meet reasonable living expenses for the entire duration of the program.
All enrolled students are subject to our Terms of Enrolment.
Application Deadline
Applications for 2013/14 will be considered on a "rolling basis". Consideration of completed applications will begin from 1 December 2012 onwards and candidates will be informed of the results of their applications within 6 weeks of receipt by the ILF of the completed application.
Admissions to the LL.M. Finance program will be given until all places in the program have been filled up.
No application fee is required.
How to apply to the ILF?
Applicants with an undergraduate degree in either law, business or economics may submit an application at any time. We recommend you to send in your application as early as possible in order to secure a place in our program. We accept applications sent by regular mail or courier, but not electronically.
It is the policy of the ILF not to return any application materials. Once the admissions process has been completed, the application materials of applicants will be destroyed in compliance with German data protection legislation.
The following must be submitted:
| 1) | Application form (Download form) |
| 2) | Letter of Motivation |
| 3) | Curriculum Vita |
| 4) | University Entrance Qualification e.g., high school diploma, Abitur, Baccalauréat or other similar diploma. Documents qualifying university entrance and the transcripts must be submitted in English or German or as certified translations into one of these languages. All copies must be certified by a notary public or other appropriate public institutions. |
| 5) | Academic Degrees Degree certificates and transcripts must be submitted in English or German or as certified translations into one of these languages. All copies must be certified by a notary public or other appropriate public institutions. |
| 6) | English Proficiency Proficiency in English must surpass a level of TOEFL 600, CBT TOEFL 250, IBT TOEFL 100 (with a minimum of 22 in each section), (ILF's Institutional Code with TOEFL is 5984), Cambridge CAE (grade C or above), or IELTS 7.0 unless your native tongue is English. You should request the test center to directly send us a copy of the official test results. If the testing schedules do not allow the results to be available by the application deadline, you should state in your application when the results will be available. |
| 7) | References At least two sealed and confidential letters of recommendation, preferably from university professors and/or employers must be submitted. The letters may either be included together with the application materials (as long as they are in a sealed envelope preserving confidentiality) or sent to the ILF directly by the referees. References should be current. More than two references may be included. (Download form) |
| 8) | Class Rank A written confirmation from the relevant university indicating your class rank should be included in your application. This confirmation shall state your relative standing in the year of graduation and where possible, broken down into the relevant majors (e.g. in top 5% of law graduates in the class of 2005). The total number of students should also be stated. This information is required to assess the performance of the applicant in relation to his/her peers. If a given university does not provide such information, we need a written statement by the university to that effect. |
| 9) | Optional: Application for ILF Scholarship (Financial Need-Based) (if applicable) Any application for financial aid must be made at the same time as the application for admission. Subsequent applications for financial aid will not be considered. Documents supporting the application for financial aid may follow the application itself. (Download form) |
| 10) | Two Passport-Sized Photographs |
| 11) | Photocopy of Passport |
| 12) | For applicants from the People's Republic of China, an APS certificate from the Akademischen Prüfstelle (https://www.aps.org.cn/web/) in Beijing |
| 13) | For applicants from Vietnam, an APS certificate from the Akademischen Prüfstelle ( http://www.hanoi.diplo.de/Vertretung/hanoi/de/06/APS__Hanoi) in Hanoi |