McGill University will launch a new Master of Management in Finance (MMF) programme for students in Luxembourg, under a deal announced on Wednesday with the government and industry representatives.

The Canadian university will run the course in partnership with Luxembourg’s Chamber of Commerce, which will provide its Kirchberg training centre for use, where McGill will also establish an on-site office to coordinate the programme locally.

According to McGill’s website, the master’s course will cost $72,524 (€45,990) and will be delivered part-time in Luxembourg over 20 or 24 months in “a blended format” combining online sessions with “in-person evening and weekend sessions” to be held at the House of Training within the Chamber of Commerce building.

Students in Luxembourg can now apply for the programme’s winter 2026 intake, with applications closing later this year.

The course is also offered in Montréal, with a full-time in-person programme lasting 12 or 16 months.

The launch of the course in Luxembourg was unveiled on Wednesday following the signing of an endowment agreement between the university and the Ministry of Finance, the Luxembourg Bankers’ Association (ABBL), and the Association of the Luxembourg Fund Industry (ALFI).

The new offer is a strategic investment in talent and a sign of Luxembourg’s ambitions to strengthen its financial centre by developing homegrown expertise, said Finance Minister Gilles Roth. “The establishment of McGill University in Luxembourg is a signal that we are investing in the future of our financial centre by investing in people,” he said.

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For Luxembourg’s financial sector, the initiative is intended to help address persistent skills shortages. “One of the ABBL’s priorities is to enhance the attractiveness of the financial sector by helping to offer high value-added educational courses that meet the aspirations of both Luxembourg residents and talented individuals from abroad, as well as the continuing training needs of our members,” said Jerry Grbic, CEO of ABBL.