Master s Program (MSc) Banking and Finance From Knowledge to Competence. Crossing Borders.

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1 Master s Program (MSc) Banking and Finance From Knowledge to Competence. Crossing Borders. In cooperation with

2 Master s Program (MSc) in Banking and Finance 3 Introduction INNOVATIVE MASTER S PROGRAM IN SWITZERLAND We are pleased to present a degree program which makes a valuable contribution to the landscape of Swiss higher education: a consecutive MSc in Banking and Finance offered jointly by Zurich University of Applied Sciences (ZHAW) and Lucerne University of Applied Sciences and Arts. It has been jointly developed by the Department of Banking, Finance, Insurance of the ZHAW School of Management and Law in Winterthur and the Institute of Financial Services Zug IFZ of the Lucerne School of Business, two renowned, highly regarded institutes of higher education. By combining their core competencies, the two universities deploy them to maximum advantage; the best lecturers of both institutes have been assigned to the project. The result is a Master s program of the highest quality. The Master s program was created in close collaboration with experts from the financial sector. Its content is a direct response to an increasing demand for highly qualified young professionals. It was felt to be of particular importance for students to have substantial prior knowledge of banking and finance in order for the program to provide advanced specialization. The MSc program has a concept enabling participants to work a part-time job of up to 40%. Many students use this opportunity to further enhance their practical experience in the financial sector while enrolled in this program. The Master s program was launched in fall The program in English starts in fall new students every year, highly positive feedback from graduates, and the career development of our alumni are all proof of its effectiveness. Since fall 2012, the MSc program has been officially certified by FIBAA and the Swiss Center of Accreditation and Quality Assurance in Higher Education OAQ, and recognized by the Swiss federal government. The program focuses on three core areas: corporate finance, investments, and banking. In the individual specialist fields, students will learn how to examine various topics systematically and scientifically. Studying Banking and Finance in Switzerland is particularly interesting, as the Swiss financial center plays a leading role on the world stage and has international reputation as a preferred provider of financial services. The success of this degree program is owed to many different contributors: The two universities provide convincing content and competent instructors, the participants employers allow their employees to follow convenient work-study models, participate in study projects, and provide data for Master s theses, while the students themselves contribute aboveaverage commitment and a solid foundation of knowledge. We are all united in the conviction that this MSc program is a strong pillar of banking and finance education in Switzerland. Prof. Suzanne Ziegler, PhD Director, Department of Banking, Finance, Insurance ZHAW School of Management and Law Prof. Christoph Lengwiler, PhD Head of Institute of Financial Services Zug IFZ Lucerne School of Business

3 Master s Program (MSc) in Banking and Finance 5 Contents 6 The Degree Program At a Glance 7 Consecutive Master s Program Second Level of a University Course of Study 8 Why a Master in Banking and Finance? 10 The Program 12 Structure of Master s Program Modules and Courses 14 Application and Admission Procedure 16 Coordination 17 Program Management 18 A Collaboration of Two Institutes 19 And Two Universities 20 Information for Students 21 Contact 22 Locations

4 6 Master s Program (MSc) in Banking and Finance 7 The Degree Program At a Glance Consecutive Master s Program Second Level of a University Course of Study PARTNERSHIP REQUIREMENTS PROFILE DOOR-OPENER FIT TO REQUIREMENTS WORKLOAD The Master of Science in Banking and Finance (MSc Banking and Finance) is an advanced course of study jointly offered by the ZHAW School of Management and Law and the Lucerne School of Business. It builds on a Bachelor s degree (or an equal qualification) in Business Administration with a specialization in Banking and Finance. It provides students with a specialist qualification and management training based on scientific theory and practical applicability. The qualification enables holders to pursue interesting further development and career opportunities in the financial sector, both in Switzerland and abroad. The program content was developed in response to clear market requirements and in close collaboration with the financial sector. The program takes four semesters to complete. It is worth 90 ECTS Since September 2008, Swiss universities of applied sciences have been offering consecutive Master s programs to the graduates of their Bachelor s programs in their core disciplines. WHAT IS A CONSECUTIVE MASTER S PROGRAM AND WHAT ARE ITS BENEFITS? Consecutive Master s programs are aimed at graduates of Bachelor s programs with above-average ability that are keen to obtain an advanced academic qualification. The minimum requirement for participation in such a consecutive Master s program is a Bachelor s degree or an equivalent qualification. In general, consecutive Master s programs comprise a total of 90 ECTS credits. This is the equivalent of some 2,700 hours of study - usually accomplished in the course of four semesters. Consecutive Master s programs build on the competencies acquired at the Bachelor level. They offer specialized know-how with a focus on scientific competence. At the same time, they are geared towards practical application. They promote analytical and reflective competence and enhance the career prospects of those aspiring to middle and senior management positions. Many Master s programs allow students to work part-time. Their newly acquired knowledge can therefore be immediately transferred to the job, thus promoting simultaneous professional development. As a result of the educational reforms of the Bologna Progress, the consecutive Master title is recognized all over the world, which enables graduates to also pursue a career abroad. NOT EVERY MASTER IS THE SAME The consecutive Master s program is an advanced level of education that builds on a Bachelor s program. It is not to be mistaken for an MAS (Master of Advanced Studies) or an MBA (Master of Business Administration). Both the MAS and the MBA are university programs of continuing education aimed at professionals with several years of relevant work experience. The effort needed to obtain a Master of Science is higher and academic performance is weighted more heavily. credits, which is the equivalent of 2,700 hours of study. FLEXIBILITY The program can also be completed in six semesters. MASTER S THESIS During their final semester, students write an academically-based Master s thesis on a topic of practical application. OTHER COMMITMENTS While enrolled in the program, students can hold a part-time job or do family work; depending on a student s willingness and ability to deal with the pressure, this can amount to a maximum of 16 hours (40%). LOCATION Classes take place from Monday to Wednesday in Winterthur or Zug. DEGREE Successful participants graduate with a Master of Science in Banking and Finance. PROGRAM START The degree program is held every year and starts in September.

5 8 Why a Master in Banking and Finance? FINANCIAL SERVICES PROVIDERS NEED HIGHLY- QUALIFIED PROFESSIONALS. The prevailing climate of challenges and turbulence in the financial sector has had a dampening effect on growth rates we used to take for granted. This has however led to an increasing demand for talented young professionals able to help bring about the necessary changes and move into managerial positions in due course. These must have sound specialist knowledge, analytical skills, entrepreneurial thinking, leadership skills, and highly developed action competence. The curriculum of the consecutive Master s Program in Banking and Finance is geared towards precisely such a profile. The Swiss financial centre is a central pillar of the Swiss economy, generating over 10% of Swiss GDP. In particular, Switzerland plays a leading global role in wealth management: roughly one third of all private assets invested abroad are managed by Swiss banks. Switzerland s general stability and the excellence of Swiss banking accounts for its international reputation as a preferred provider of financial services. VALUABLE QUALIFICATION WITH INTERESTING CAREER PROSPECTS The consecutive MSc in Banking and Finance is a program of higher professional and managerial education that is based on scientific principles, yet practically oriented and internationally applicable. It provides the basis for successful career development in the financial sector or in a corporate financial environment. By systematically linking scientific method and practical know-how throughout their course of study, students acquire the tools that will enable them to solve new kinds of problems, keep the upper hand in complex situations, and make sound decisions. THE SCOPE OF AN MASTER S PROGRAM IN BANKING AND FINANCE Graduates of this Master s program can profit from excellent career opportunities, especially in the medium to long term. Their qualifications enable them to follow careers in the financial sector both at the operational and the strategic level. Future employers include banks and financial services providers, pension funds, investment trusts, wealth management and financial consultants, as well as audit firms and the financial departments of companies in every sector. Frequently, graduates of Bachelor s programs with a specialization in Banking and Finance start out as credit analysts, private client consultants (retail banking), or controllers in the banking sector. A Master s degree is the gateway to many other entry-level career opportunities: In the area of financing, for example, graduates may find employment in mergers & acquisitions and in investment banking; in the management of financial services providers, they work in risk management/asset liability management or in corporate development; in the area of investments, multiple opportunities are also available in the private equity and hedge fund sectors, in structuring products, and in research. These days, new wealth management consultants usually also require a Master s degree.

6 10 Master s Program (MSc) in Banking and Finance 11 The Program Our Master of Science in Banking and Finance is a unique specialized Master s program: It builds on a Bachelor in Business Administration with a specialization in Banking and Finance. In other words, it continues from a specialization that has been acquired and advances it further. OBJECTIVES AND PROFILE The MSc in Banking and Finance profile derives from the goal to prepare students for demanding roles in the financial sector or closely related fields, in accordance with the current state of science. As a university of applied sciences, we strive for a balanced relationship between scientific foundation and consistent practical orientation which, ideally, links higher education with practical experience. At the same time, the Master s degree program expands students general competencies in line with the general objectives of higher level university education. A Master s degree program therefore aims to expand and consolidate both the professional and the methodological competence of participants. These objectives are the basis for the factors that set the MSc in Banking and Finance apart from similar programs offered by other tertiary institutions: In contrast to other Master s programs, we only admit students who have a specialization in Banking and Finance as part of their Bachelor s qualification worth at least 30 ECTS credits. Students therefore already have solid specialist knowledge in corporate finance (financing), financial services management, financial instruments (investments), and financial markets. While the program focuses on banking and finance, it has, at the same time, a generalist outlook and offers a range of further specialization options. The program takes four semesters to complete, with classes scheduled for the first half of the week to allow students to work at least part-time. As a result, possibilities to link theoretical concepts with practical experience are not only provided by the instructors but also come from the students themselves. SCIENTIFICITY AND APPLICABILITY A large part of the program, nearly half in fact, is devoted to applied research: Students acquire advanced research and methodological skills; they carry out application-oriented research projects and write an academic Master s thesis on a topic of practical relevance. We consider it to be of vital importance to convey scientific competencies that can be used to solve the real-life problems of the professional world. TEACHING AND LEARNING The program generally follows the principles of blended learning: Classroom instruction, self-study, and e-learning are combined in ways that are conducive to learning. In order to ensure that scientificity and applicability are integrated effectively, instructors at the Master s level are all senior lecturers with academic qualifications as well as current practical experience. The MSc in Banking and Finance program consists of 12 modules that together promote entrepreneurial, professional, and methodological know-how. PROGRAM FOCUS Advanced understanding of the markets for financial services and the environment of financial services providers Management of financial services institutions and their employees Dealing with the specific problems of financing and investments Systematic risk management in the financial services sector MSC BANKING AND FINANCE: PROGRAM STRUCTURE 1 st Semester 2 nd Semester 3 rd Semester 4 th Semester Retail Banking Business Banking Private Banking Investment Banking Domestic International M2 M3 M4 M1 Management of Financial Institutions Risk Management Controlling and Business Processes in Banking Market and Environment of Financial Institutions M5 M6 M7 Investments Alternative Investments Corporate Finance Applying well-founded concepts to address concrete practical challenges Ability to apply scientific methods in carrying out practically-oriented research projects A Master s thesis which makes an individual contribution to applied research literature and uses the professional and methodological competencies acquired M8a 3C M8b 3C Leadership and Human Resource Management Leadership and Ethics M9 9C M10 9C M11 9C M12 15C Research Skills Practical Exercises in Research Methods Applied Research Projects Master s Thesis Gaps in knowledge of banking & finance can still be closed at this stage Program-related professional activity not exceeding 40% M = module; C = ECTS credits (1 credit = 30 hours of study)

7 12 Master s Program (MSc) in Banking and Finance 13 Structure of Master s Program Modules and Courses MODULE 1: MARKET AND ENVIRONMENT OF FINANCIAL INSTITUTIONS Ability to assess the key drivers and influencing factors of the financial services sector. 2 compulsory modules (6 ECTS credits, Semester 1) Course 1.1 Macroeconomics and Financial Markets Stability Course 1.2 Financial Market Regulation MODULE 2: MANAGEMENT OF FINANCIAL INSTITUTIONS Understand the interaction of strategy, structure, and culture; develop and assess strategies for different types of financial services providers. 2 compulsory modules (6 ECTS credits, Semester 1) Course 2.1 Strategic Bank Management Course 2.2 Financial Services Marketing MODULE 3: RISK MANAGEMENT Identify and assess risks for banks and other financial services providers and manage and monitor them effectively. 3 compulsory modules (6 ECTS credits, Semester 2) Course 3.1 Risk Management in Banking Course 3.2 Credit Risk Management Course 3.3 Market Risk Management MODULE 4: CONTROLLING AND INESS PROCESSES IN BANKS Design internal and external steering processes of banks and utilize them in optimizing performance processes. 3 compulsory modules (6 ECTS credits, Semester 3) Course 4.1 Business Processes and IT Architecture Course 4.2 Performance Management Course 4.3 Value Reporting MODULE 5: INVESTMENTS Analyze and estimate key influencing factors for investment decisions in financial markets. 3 of 4 compulsory elective courses (6 ECTS credits, Semester 2) Course 5.1 Behavioral Finance Course 5.3 Fixed Income Management Course 5.4 Mutual Funds and Pension Funds Management Course 5.6 Advanced Portfolio Theory MODULE 6: ALTERNATIVE INVESTMENTS Analyze alternative investments and structured products with regard to their contribution to risk and yield of portfolios and develop recommendations for an investment strategy. 3 of 4 compulsory elective courses (6 ECTS credits, Semester 3) Course 6.2 Private Equity Course 6.4 Commodities Course 6.6 Derivatives Course 6.7 Other Alternative Investments MODULE 7: CORPORATE FINANCE Assess complex financing problems of companies and develop effective solutions. Course 7.1 is a compulsory course; compulsory elective Courses : 2 of 4 (6 ECTS credits, Semester 4). Course 7.1 Advanced Corporate Finance Course 7.2 Family Business Finance Course 7.5 Funding and Financial Risk Management for International Corporations Course 7.6 Tax Management Course 7.7 Restructuring MODULE 8a: LEADERSHIP AND HUMAN RESOURCE MANAGEMENT Lead teams and manage one as the situation, people, and objectives require. Compulsory module (3 ECTS credits, Semester 1) MODULE 8b: LEADERSHIP AND ETHICS Solve complex leadership problems in a well-considered manner and in line with superior objectives. Compulsory module (3 ECTS credits, Semester 2) MODULE 9: SCIENTIFIC RESEARCH Assess and apply methods of scientific research. 3 compulsory modules (9 ECTS credits, Semester 1) Course 9.1 Philosophy of Social Science Course 9.2 Research Methods I Course 9.3 Research Methods II MODULE 10: PRACTICAL EXERCISES IN RESEARCH METHODS Effectively apply methods of scientific research in dealing with specific case examples of aspects of banking and finance. (9 ECTS credits, Semester 2) MODULE 11: APPLIED RESEARCH PROJECTS Carry out application-oriented research projects (group work) on topics covering all modules. (9 ECTS credits, Semester 3) MODULE 12: MASTER S THESIS Produce an independent piece of academic work in the context of a practical research project on an aspect of one of the topics covered in the Master s program. (15 ECTS credits, Semester 4)

8 14 Master s Program (MSc) in Banking and Finance 15 Application and Admission Procedure ADMISSION REQUIREMENTS Students are admitted to the MSc in Banking and Finance program by the Head of Program subject to an admission procedure. Candidates should meet the following criteria: Bachelor s degree in business administration, economics, business law, or a related discipline from a university or university of applied sciences, or an equivalent qualification Proven specialization in banking and finance worth a minimum of 30 ECTS credits (students may be able to qualify after entering the program) Proof of English proficiency (candidates must be able to actively participate in all classroom activities) High level of motivation and ability to perform Positive outcome of the admission interview Candidates who lack some of the entry-level competencies in banking and finance may be able to obtain them before the end of the first year. In such cases, final admission is subject to the student completing/passing the necessary performance assessments. APPLICATION The application package should contain the following: Completed application form Proof of qualifications (diploma, diploma supplement, ECTS transcripts, and grade certificates), in particular for the specialization in banking and finance Letter of motivation Proof of proficiency in English Resume, incl. photo Copy of Bachelor s/diploma thesis or, if applicable, individual project paper, incl. evaluation/assessment Candidates who have not completed their Bachelor s program at the time of application may submit the missing documents once they become available. Please submit your application to: ZHAW School of Management and Law Student Services MSc St.-Georgen-Platz 2 P.O. Box 8401 Winterthur Phone info-master.sml@zhaw.ch APPLICATION DEADLINE The application deadline expires on 15 June. Late submissions may be considered if places on the program are still available. Admission interviews are conducted continually. Early application is recommended since places on the program are assigned on a first-come first-served basis. For further details about our consecutive Master s programs and to download the application form, please visit www. sml.zhaw.ch/master. If you have any questions or need advice, please feel free to contact the Head of Program. For the MSc Program in Banking and Finance to take place, we require a minimum number of participants.

9 16 Master s Program (MSc) in Banking and Finance 17 Coordination Program Management STRUCTURE AND ORGANIZATION The MSc in Banking and Finance is a degree program offered jointly by the Lucerne School of Business and the ZHAW School of Management and Law. The two universities have an equal share in the management of this program. A steering committee has been set up at Executive Committee level to coordinate between the two universities and to decide on fundamental issues concerning the Master s program. STEERING COMMITTEE AT EXECUTIVE COMMITTEE LEVEL Lucerne School of Business Institute of Financial Services Zug, IFZ Steering Committee ZHAW School of Management and Law Department Banking, Finance, Insurance (ABF) Prof. Suzanne Ziegler, PhD Senior Lecturer in Banking and Finance Prof. Christoph Lengwiler, PhD Senior Lecturer in Finance Prof. Andreas Dietrich, PhD Senior Lecturer in Banking and Finance Prof. Hans Brunner, PhD Senior Lecturer in Banking and Finance Prof. Daniel Peter, PhD Prof. Christoph Lengwiler, PhD Prof. Andreas Dietrich, PhD Head of Degree Program Prof. Florian Angst Prof. Suzanne Ziegler, PhD Prof. Hans Brunner, PhD SUZANNE ZIEGLER Suzanne Ziegler has a degree in economics (lic. oec.) from St. Gallen University HSG. After completing her studies, she worked for Swiss National Bank, where she was involved in systems stability. She has been at the ZHAW School of Management and Law since 2002 and from 2005 to 2011 headed the Center for Banking & Finance. In May 2011 she was promoted to the position of Director of the Department of Banking, Finance, Insurance, which has over 50 employees, as well as the SML Executive Committee. Her research focus is on the Swiss banking system, banking supervision, and banking regulations. Contact: suzanne.ziegler@zhaw.ch CHRISTOPH LENGWILER Christoph Lengwiler has a doctorate from the University of Zurich, where he studied banking administration. He has been a senior lecturer and a professor at the Lucerne School of Business since He is the Head of the Institute of Financial Services Zug IFZ, a position he has held since its formation. Among other things, he is the Vice President of the Board of Directors of Lucerne Cantonal Bank, a member of the Banking Council of Swiss National Bank, and a member of the Board of Directors of a listed private equity fund (shape Capital AG). Contact: christoph.lengwiler@hslu.ch ANDREAS DIETRICH After graduating from the University of St. Gallen HSG, where he studied economics, Andreas Dietrich worked as a business consultant and managed a number of projects in the financial services industry. As a doctoral candidate, he became a research associate at the Banking Institute of the University of St. Gallen HSG; during this time, he also completed a research year at DePaul University in Chicago, funded by the National Science Foundation. Since March 2008, he has been professor and project manager at the IFZ of the Lucerne School of Business. Contact: andreas.dietrich@hslu.ch HANS BRUNNER After his studies in St. Gallen (lic. oec. HSG), Hans Brunner obtained a doctorate from the University of Cologne (Dr. rer. pol.). He worked in a managerial capacity in the banking sector for many years. Since January 2012, he has been a senior lecturer at the ZHAW School of Management and Law in his specialty, overall bank management. Contact: hans.brunner@zhaw.ch

10 18 Master s Program (MSc) in Banking and Finance 19 A Collaboration of Two Institutes... And Two Universities The MSc in Banking and Finance is a joint degree program of the Department of Banking, Finance, Insurance (DBF) in Winterthur and the Institute of Financial Services Zug (IFZ) in Zug. Both university organizations are established providers of Bachelor s degree programs with a specialization in Banking and Finance, recommended by the Swiss Bankers Association. The Master s program builds on the curriculum of these Bachelor s programs. INSTITUTE OF FINANCIAL SERVICES ZUG (IFZ) The institute was established in 1997 as the financial competence center of the Lucerne School of Business. It is the largest provider of continuing education among Swiss universities of applied sciences. With regard to banking and finance, its BSc, MSc, and continuing education programs as well as its research activities and services in that area comprise the following: management of banks and financial services providers, compliance management, private banking & wealth management, financial markets & investments, corporate finance, private equity, treasury & financial risk management, and real estate management. In the area of controlling & accounting, it is active in controlling & management accounting, financial accounting & corporate reporting, as well as auditing & internal control. The institute currently has around 70 employees. Through their activities in continuing education, research, consulting, and services, the DBF and the IFZ are both active in all the performance mandates of universities of applied sciences. An important aspect of the MSc in Banking and Finance is its links to ongoing research projects. Both the DBF and the IFZ employ a number of tenured professors, lecturers, and research associates and assistants specializing in banking and finance, who all contribute their professional competencies to this Master s program. DEPARTMENT OF BANKING, FINANCE, AND INSURANCE (DBF) This department was set up at the ZHAW School of Management and Law in 2002 and consists of the Institute Wealth and Asset Management, the Center for Risk & Insurance, the Center for Accounting & Controlling, and the Center for Corporate Finance & Private Equity. Its activities in the degree programs and in continuing education, as well as in applied research and consulting mainly focus on the following areas: analysis and optimization of the value chains of financial services providers, financial consulting, private equity for SMEs, funds of hedge funds, financial risk management, and management accounting. Further details: ZHAW SCHOOL OF MANAGEMENT AND LAW The ZHAW School of Management and Law (SML) is one of eight schools of the Zurich University of Applied Sciences. It offers internationally recognized Bachelor s programs, accredited consecutive Master s programs, a wellestablished range of continuing education programs tailored to the needs of participants, and innovative research and consulting projects. These make the SML one of the leading business schools of Switzerland. Its educational programs focusing on management competencies are scientifically founded, interdisciplinary, practically oriented. The SML considers international experience and international contacts to be an essential part of university education and thus actively supports mobility programs for students and members of the faculty. To this end, it maintains partnerships with over 120 selected universities worldwide. LUCERNE SCHOOL OF INESS Lucerne School of Business School is one of the schools of Lucerne University of Applied Sciences and Arts. It is a competence center for higher management education for Central Switzerland and thus makes a valuable contribution to the development of the knowledge society. The Lucerne School of Business provides qualifications for professionals and managers and supports organizations and institutions in solving their business and economic problems. In addition to a Bachelor s degree program in Business Administration with several specializations, it also offers various Master s programs. Of all the Swiss universities of applied sciences, it is the largest provider of continuing education (MAS / DAS / CAS) programs. The Lucerne School of Business has a well-developed network of other tertiary institutions in Switzerland and all over the world, and partners in both the private and the public sectors. Its five institutes are competence centers with far-reaching national and even international ties. COLLABORATION BENEFITS Educational collaboration between Swiss universities of applied sciences is encouraged by the Swiss government because the study programs that are thus created benefit from the different strengths and specializations of the partners. Both the ZHAW School of Management and Law and the Lucerne School of Business enjoy an excellent reputation as providers of banking and finance know-how as well as for their research projects; both have many years of experience in these areas. This is reflected, among other things, in a high demand for their degree programs and continuing education products. Further details:

11 20 Master s Program (MSc) in Banking and Finance 21 Information for Students CONTACT START OF NEW PROGRAM The MSc in Banking and Finance starts every year in mid- September and takes two years to complete. INSTRUCTION Classroom instruction takes place on Mondays, Tuesdays, and Wednesdays. This enables students to work part-time or do family work. Classes take place in Winterthur and/or Zug. Depending on the number of students enrolling, it will be decided whether study groups should be formed in both locations or whether the modules will be divided between the two locations. WINTERTHUR Innovation enjoys a long and successful tradition in Winterthur, a university town with a rich commercial and industrial history. While it is a relatively small community with a population of about 100,000, its international flair and local ambiance combine to give it a unique charm. Its economic infrastructure has attracted small and large businesses, including international corporations from all sectors of industry, technology, commerce, and education. There is a wealth of excellent restaurants, bars, clubs, movie theaters, and other entertainment on offer which provide students with the opportunity to go out and socialize. Upwards of 130 cultural events take place every month. Winterthur also has a lively arts scene; its numerous museums, art galleries, and exhibitions are highly regarded by national and international art experts. A cultural highlight includes the internationally acclaimed Museum for Photography Winterthur. Science fans discover astonishing feats of technical innovation at Swiss Science Center Technorama. Situated in the heart of Europe, Winterthur is a hub for road traffic and public transportation. A 20-minute train ride takes travelers to Zurich s city center. And the world at least via Zurich International Airport is only a 10-minute train ride away. COST The tuition fee for the whole four-semester degree program currently amounts to CHF 4,400. This fee does not include the cost of teaching materials and additional curricular events. Prof. Hans Brunner, PhD Head of Program MSc Banking and Finance HEAD OF PROGRAM Prof. Hans Brunner, PhD School of Management and Law Technoparkstrasse 2, 8400 Winterthur Phone hans.brunner@zhaw.ch If you have any questions or need advice, please feel free to contact the Head of Program. For further details about our consecutive Master s programs and to download the application form, please visit ADMINISTRATION AND REGISTRATION ZHAW Zurich University of Applied Sciences School of Management and Law Student Services MSc St.-Georgen-Platz 2 P.O. Box 8401 Winterthur Phone Fax info-master.sml@zhaw.ch