Master's in Law and Financial Markets
Numbers don’t speak for themselves
Presentation
The Master’s in Law and Financial Markets is a product of an innovative partnership bringing together NOVA Information Management School (NOVA IMS) and NOVA School of Law.
Consistently ranked by Eduniversal among the top master’s courses in Western Europe and lectured in English, the Master’s in Law and Financial Markets offers students the challenge of an innovative set of courses in law and finance, opportunities to meet and network with leading financial institutions, to gain hands-on experience through an internship in a financial institution and to benefit from an international experience at a top university in Europe or beyond, through NOVA School of Law’s membership of the Themis Network.
This master’s is taught in English.
Coordination
Pedro Simões Coelho
Fernando Bação
Joana Farrajota
Scientific Commission
President: Pedro Simões Coelho (IMS) | Board Members: Margarida Lima Rego (non-taught component) | Fernando Bação (taught component IMS) | Joana Farrajota (taught component NOVA School of Law)
Goals
This Program aims to deepen law graduate’s mastery of the law, particularly in those fields that have the closest bearing on financial markets and investments, as well as providing an insight into the organization and functioning of the general financial system, and the three main financial markets: banking, insurance and capital markets. The Program offers an opportunity to acquire key financial analysis and evaluation skills of the main financial instruments traded on the capital markets and to identify intervention strategies in capital markets. The Program aims to stimulate a critical and interdisciplinary approach to knowledge, providing lawyers with the necessary tools to solve complex problems or issue judgments on situations of incomplete information.
Target Applicant
Candidates with a background in law will be given preference in admission. However, holders of any bachelor’s degree or equivalent are eligible to apply. We are keen to attract talented current or future professionals with an international focus who wish to prepare for a wide range of careers in the highly competitive finance sector.
Themis
Opportunity to benefit from the THEMIS NETWORK international experience. Three core elements: a semester abroad, an international internship and the THEMIS seminar.
Timetable
This course is taught after working hours*.
*Some Optional Curricular Units may have schedules that do not match the timetable of the course
Certification
| Study Cycle | Degree | A3ES Decision | Number of Years | Publication of the A3ES decision | DGES registration number | Publication in Diário da República |
Law and Financial Markets | Master | accredited | 6 | R/A -Cr 244/2015/AL02 |
Testimonials
Curricular Plan
+ 2023/2024
The curricular componente corresponds to 60 ECTS and consists of 10 mandatory course units (52 ECTS) The remaining 8 ECTS correspond to electives that may be chosen from any Master course taught at NOVA School of Law (subject to availability).
Completion of the taught part (60 ECTS) grants the the award of a Diploma in Postgraduate Studies in Law and Financial Markets.
1st year – Taught Component
| 1st Semester | ECTS |
|---|---|
| Mandatory | |
| Banking Law | 6 |
| Principles of Corporate Finance | 6 |
| Introduction to Data Analytics | 6 |
| Financial Markets and Investments | 6 |
| Financial Instruments Law | 4 |
| Regulation and Supervision of Financial Markets | 4 |
| Free Option | |
| Legal English | 4 |
| 2nd Semester | ECTS |
|---|---|
| Mandatory | |
| Banking and Insurance Operations | 6 |
| Introduction to Financial Derivatives and Risk Management | 6 |
| Insurance Law (EU Insurance Law)* | 4 |
| Risk Management in Financial Contracts | 4 |
| Free Option | |
| Methodology of Legal Research | 6 |
| Cybercrime | 6 |
| International Tax Law | 6 |
| Direito Penal Económico | 6 |
| Competition Law | 6 |
| Direito das Contraordenações | 6 |
| Energy, Climate and the Just Transition | 4 |
| Fintech | 4 |
| Ethics and Regulation of Artificial Intelligence | 4 |
* Insurance Law (EU Insurance Law) is a course offered by NOVA School of Law’s Jean Monnet Module on EU Insurance Law: Challenges in the SDG Era, funded by the European Commission (EUInsLSDG).
2nd year – Non-taught Component
| ECTS | |
|---|---|
| Mandatory | |
| Dissertation, internship at national or international institution or project work | 60 |
NOVA School of Law participates in THEMIS, a network that encourages the internationalization of master’s students. The THEMIS certificate is granted when students complete a semester of mobility, participate in an international conference, and complete an international internship under the THEMIS Programme
+ 2022/2023
The curricular componente corresponds to 60 ECTS and consists of 10 mandatory course units (52 ECTS) The remaining 8 ECTS correspond to electives that may be chosen from any Master course taught at NOVA School of Law (subject to availability).
Completion of the taught part (60 ECTS) grants the the award of a Diploma in Postgraduate Studies in Law and Financial Markets.
1st year – Taught Component
| 1st Semester | ECTS |
|---|---|
| Mandatory | |
| Banking Law | 6 |
| Financial Markets and Investments | 6 |
| Principles of Corporate Finance | 6 |
| Financial Instruments Law | 4 |
| Insurance Law (EU Insurance Law*) | 4 |
| Regulation and Supervision of Financial Markets | 4 |
| Optional | |
| Legal English | 4 |
| 2nd semester | ECTS |
|---|---|
| Mandatory | |
| Risk Management in Financial Contracts | 4 |
| Introduction to Data Analysis | 6 |
| Banking and Insurance Operations | 6 |
| Introduction to Financial Derivatives and Risk Management | 6 |
| Optional | |
| Optional Curricular Unit* | 8 |
* EU Insurance Law is a course offered by NOVA School of Law’s Jean Monnet Module on EU Insurance Law: Challenges in the SDG Era, funded by the European Commission (EUInsLSDG).
*Optional Curricular Units
The course units presented as optional course units are suggestions and may be changed. In the free choice course units that are compulsory for other master’s degrees, enrollment and attendance depends on logistical and pedagogical possibilities.
| ECTS | |
|---|---|
| Methodology of Legal Research | 8 |
| Cybercrime | 6 |
| International Tax Law | 6 |
| Direito Penal Económico | 6 |
| Data Protection and Management Law* | 6 |
| Competition Law | 6 |
| Energy, Climate and the Just Transition | 4 |
| Fintech | 4 |
| EU Criminal Law | 4 |
(The above list does not exhaust all options on offer.)
*Data Protection and Management Law is a course offered by NOVA School of Law’s Jean Monnet Module on European Union Data Protection Law in Portugal (DataporEU)
2nd year – Research
| ECTS | |
|---|---|
| Mandatory | |
| Thesis, internship at national or international institution or project work | 60 |
NOVA School of Law participates in THEMIS, a network that encourages the internationalization of master’s students. The THEMIS certificate is granted when students complete a semester of mobility, participate in an international conference, and complete an international internship under the THEMIS Programme.
Objectives and Structure of the Curricular Units
Tuition Fees
In master’s degrees and doctorates, the tuition fee for part-time students corresponds to 65% of the tuition fee owed by full-time students
*Tuition fees as deliberated by the General Council on 14 December 2022
** Applicable only if the course is not terminated inside the established deadline.
Reading of this information does not exempt consultation of the full documentation regarding fees, emoluments and taxes for the academic year in question.
Tuition fees are annual and due in full upon enrolment in the course. Payment in instalments is allowed for students’ mere convenience.
In the case of withdrawal from the course, the amounts already paid are not refundable. The remaining tuition fee payments due for the academic year to which the application relates must also be paid.
Refund of the tuition fee is only possible where the previous course has not been completed by September, and is conditioned by its completion. In this case, the applicant must give proof of the situation through a declaration from the home institution, before the end of September. Amounts other than tuition fees (fees, school insurance and administrative costs) are not refundable.
Payments must be made via ATM or through PayPal* using the references available in the reserved area. Failure to pay tuition fees within the time limits indicated results in an increase in the amount to be settled and/or the suspension of enrolment and registration, as well as the invalidity of all curricular acts practised in the academic year in which the non-compliance is not respected.
*Paypal payments are validated automatically; Multibanco payments will be validated up to 48 hours after the payment
Financial Discounts
Students who choose to pay the annual tuition fees in a one-off payment receive a 5% discount on the amount to be paid.
Payment by instalments
Annual tuition fees for the taught component
The annual tuition fees for the taught component can be paid in 10 instalments
- 10 instalments: 1st instalment of 20% of the total amount paid upon enrolment and the remaining amount in 9 instalments paid between the 1st and 10th of the months of September through May.
Tuition fees of the non-curricular phase
Tuition fees for the non-curricular phase can be paid in 10 instalments.
- 10 instalments: 1st instalment of 20% of the total amount paid upon enrolment and the remaining amount in 9 instalments paid between the 1st and 10th of the months of September through May.
Tuition fee for an additional non-curricular semester
Tuition fees for the non-curricular phase can be paid in 4 instalments.
- 4 instalments: 25% of the total amount paid upon enrolment, remaining instalments:
- 1st semester: between the 1st and 10th (October, November, January);
- 2nd semester: between the 1st and 10th (March, April, May).
Tuition fees for the non-curricular phase
Fees are paid in full at the time of registration.
Merit Awards
The number of awards is established annually by the Board of NOVA School of Law. Merit Awards are awarded to:
- Candidates whose final average admission to a 2nd study cycle at NOVA School of Law, according to assessment and ranking by the appropriate jury, is equal to or higher than 17 points (on a scale of 0/20) and who enrol and attend the same course, benefit from an award in cash corresponding to 50% of the tuition fee for the taught component of the Master’s degree.
- Candidates whose final average admission to a 2nd study cycle at NOVA School of Law, according to assessment and ranking by the appropriate jury, is equal to or higher than 16 points and lower than 17 points (on a scale of 0/20) and who enrol and attend the same course, benefit from an award in cash corresponding to 30% of the tuition fee for the taught component of the Master’s degree.
In the non-taught phase, three prizes for academic merit are awarded (by master’s degree or area of specialization, in the case of the Master’s Degree in Law). These awards assume the completion of the taught component within the stipulated time.
- The best student of the taught component of each study cycle or specialization area of a study cycle, resident in Portugal, who continues and attends the non-taught phase benefits from an award in cash corresponding to 100% of the tuition fee for the non-taught phase of the Master’s degree;
- The second-best student of the taught component of each study cycle or specialization area of a study cycle who continues and attends the non-taught phase, resident in Portugal, benefits from an award in cash corresponding to 60% of the tuition fee, corresponding to the non-taught phase of the Master’s degree;
- The third-best student of the taught component of each study cycle or specialization area of a study cycle who continues and attends the non-taught phase of the Master’s degree, resident in Portugal, benefits from an award in cash corresponding to 40% of the tuition fee, corresponding to the non-taught phase of the Master’s degree.
Scholarships for Access to Study Cycles at NOVA University Lisbon
The Scholarships for Access to Study Cycles are available to students of the three study cycles, being students of Universidade Nova de Lisboa, nationals or stateless persons, foreigners with tax residence in Portugal or with refugee status, who are in a situation of financial need and who do not benefit from the scholarships awarded by the Directorate-General for Higher Education, or whose value proves to be insufficient.
Full scholarship details here.
José Neves Foundation Grant
This course is eligible for the José Neves Foundation ISA scholarship programme. Find out more information here.
Emoluments/Charges and Taxes Fees
- Application fee: 51.00€
- Administrative costs per registration/enrolment (each year): 35.00€
- Institution insurance (each year): 3.00€
- Registration Certificate: 6.00 €
- Improvement grade exam: 15.00 €/enrolement
- Conclusion Certificate: 50€
- Total Tuition Fee – National and International Student: 6200.00€;
- Annual fee for the taught component – National and International Student: 4200.00€;
- Total Semester Tuition Fee for Non-curricular phase: 2000.00€;
- Tuition Fee for Additional Non-Curricular semester – National and International Student: 1000.00€;
- Extension of the non-curricular phase (90 days): 600€
Reading of this information does not exempt consultation of the full documentation regarding fees, emoluments and taxes for the academic year in question.
Tuition fees are annual and due in full upon enrolment in the course. Payment in instalments is allowed for students’ mere convenience.
In the case of withdrawal from the course, the amounts already paid are not refundable. The remaining tuition fee payments due for the academic year to which the application relates must also be paid.
Refund of the tuition fee is only possible where the previous course has not been completed by September, and is conditioned by its completion. In this case, the applicant must give proof of the situation through a declaration from the home institution, before the end of September. Amounts other than tuition fees (fees, school insurance and administrative costs) are not refundable.
Payments must be made via ATM or through PayPal* using the references available in the reserved area. Failure to pay tuition fees within the time limits indicated results in an increase in the amount to be settled and/or the suspension of enrolment and registration, as well as the invalidity of all curricular acts practised in the academic year in which the non-compliance is not respected.
*Paypal payments are validated automatically; Multibanco payments will be validated up to 48 hours after the payment
Financial Discounts
Students who choose to pay tuition fees in a one-off initial payment at the time of registration receive a 5% discount on the amount to be paid.
Payment by instalments
Annual tuition fees for the taught component
The annual tuition fees for the taught component can be paid in 4 or 10 instalments
- 4 instalments: 25% of the amount paid at the time of registration and the remaining between the 1st and 10th of the months of September, January, May.
- 10 instalments: 1st instalment of 20% of the total amount paid at the time of registration and the remaining amount in 9 instalments paid between the 1st and the 10th of the months of September to May.
Tuition fees of the non-curricular phase
Tuition fees for the non-curricular phase can be paid in 4 instalments.
- 4 instalments: 25% of the amount paid at the time of registration and the remaining between the 1st and the 10th of the months of November, January, May
Tuition fee for an additional non-curricular semester
Tuition fees for the non-curricular phase can be paid in 4 instalments.
- 4 instalments: 25% of the amount paid at the time of registration and the remaining between the 1st and the 10th of the months of October, November, January for the 1st semester and March, April, May for the 2nd semester
Tuition fees for the non-curricular phase
Fees are paid in full at the time of registration.
Merit Awards
Merit Awards are awarded to:
- Candidates whose final average admission to a 2nd study cycle at NOVA School of Law, according to assessment and ranking by the appropriate jury, is equal to or higher than 17 points (on a scale of 0/20) and who enrol and attend the same course, benefit from an award in cash corresponding to 50% of the tuition fee for the taught component of the Master’s degree.
- Candidates whose final average admission to a 2nd study cycle at NOVA School of Law, according to assessment and ranking by the appropriate jury, is equal to or higher than 16 points (on a scale of 0/20) and who enrol and attend the same course, benefit from an award in cash corresponding to 30% of the tuition fee for the taught component of the Master’s degree.
In the non-taught phase, three prizes for academic merit are awarded (by master’s degree or area of specialization, in the case of the Master’s Degree in Law). These awards assume the completion of the taught component within the stipulated time.
- The best student of the taught component of each study cycle or specialization area of a study cycle who continues and attends the non-taught phase benefits from an award in cash corresponding to 100% of the tuition fee for the non-taught phase of the Master’s degree;
- The second-best student of the taught component of each study cycle or specialization area of a study cycle who continues and attends the non-taught phase, benefits from an award in cash corresponding to 60% of the tuition fee, corresponding to the non-taught phase of the Master’s degree;
- The third-best student of the taught component of each study cycle or specialization area of a study cycle who continues and attends the non-taught phase of the Master’s degree benefits from an award in cash corresponding to 40% of the tuition fee, corresponding to the non-taught phase of the Master’s degree.
Emoluments/Charges and Taxes Fees
- Application fee: 51.00€
- Administrative costs per registration/enrolment (each year): 35.00€
- Institution insurance (each year): 3.00€
- Registration Certificate: 6.00 €
- Improvement grade exam: 15.00 €/enrolement
- Conclusion Certificate: 50€
Applications
2023/2024
Length 4 Semesters
120 ECTS
Taught in English
Entries: 40 places
The candidates are admitted as Postgraduate students. All students successfully admitted to the taught component are guaranteed the right to proceed to the non-curricular phase of the Master’s programme.
Applications from students who prove they will be able to complete their bachelor’s degree (licenciatura) by September will be accepted.
1st Phase of Applications:
- Submission of applications: From 1 to 28 February 2023
- Announcement of placements: 21 March 2023
- Complaint about placements: From 22 March to 4 April 2023
- Enrolment: From 5 to 17 April 2023
- Registration for Curricular Units: From 18 to 28 July 2023
2nd Phase of Applications:
- Submission of applications: From 24 April to 5 May 2023
- Announcement of placements: 26 May 2023
- Complaint about placements: From 29 May to 9 June 2023
- Enrolment: From 12 to 23 June 2023
- Registration for Curricular Units: From 18 to 28 July 2023
3rd Phase of Applications:
(remaining places, if any)
- Submission of applications: From 3 to 7 July 2023
- Announcement of placements: 21 July 2023
- Complaint about placements: From 24 July to 4 August 2023
- Enrolment and Registration for Curricular Units: From 7 to 11 August 2023
Requirements
Holders of a bachelor’s degree (licenciatura) or legal equivalent.
Selection Criteria
Applicants will be selected according to the following parameters:
- Final grade of the degree which the applicant is applying with (50%);
- Relevance and suitability of previous background to the master’s degree course with regard to the pluridisciplinary nature of the course (50%); the jury assigns each applicant a grade of 0 to 20, based on analysis of the letter of motivation and curriculum vitae. If necessary, the members of the jury may decide to conduct an interview with all or some of the applicants. Due consideration is given to: (i) a degree in Law, (ii) for post-Bologna graduates, a degree corresponding to at least 240 ECTS;
- Applicants with a rating lower than 9.5 will automatically be excluded.
Submission of Applications (Online):
- Completion of the application form (online)
- Payment of the application fee using the ATM or Paypal reference provided (51.00€)*
- Online submission of the following documents:
- Motivation letter
- Curriculum vitae (European model)
- Copy of the course(s) certificate(s)
- Copy of the tax number identification card
- Copy of the Identification Card;
- If you are an International Student, declaration, under oath, that the applicant does not have Portuguese nationality, nor is covered by any of the exceptions of no. 2 of Article 2 of Regulation no. 687/2020, of 20th August, which under the terms of Decree-Law no. 36/2014, of 10th March, excludes him/her from the International Student status – Declaration of Honour | International Student
- For applicants presenting an identification document with a nationality other than Portuguese or EU, declaration, under oath, that the applicant has Portuguese nationality or is covered by one of the exceptions of Article 2, no. 2 of Regulation no. 687/2020, of 20th August, which under the terms of Decree-Law no. 36/2014, of 10th March, excludes him/her from the International Student status – Declaration of Honour
- Declaration under oath on the status of finalist (in case the previous academic degree is not finished by the application date) – Declaration of honour for applications conditional on completion of degree
- Applicants conditioned upon the conclusion of the bachelor’s degree must submit an interim academic transcript showing the subjects already completed and their final grades discriminated and a declaration under oath stating the course, school, expected average and the the conclusion date. In addition, a statement from the institution of higher education where they are attending the degree should be submitted, proving their academic situation
- Candidates with foreign qualifications must send academic transcripts showing the final grade average or a declaration with the final average of the degree. Diplomas not in Portuguese, English, French or Spanish must be accompanied by a translation certified by the competent authorities.
- Applicants who do not report the final grade average, expected or completed will be graded with a minimum score of 10 on the 0-20 scale.
- Applicants may submit, at the time of application, the request for accreditation of academic qualifications and professional experience obtained before enrolment in the study cycle. The crediting processes take into account the level of the credits corresponding to the previous education and training, in no case being allowed the creditation, for the continuation of studies in a study cycle, of education and training carried out in the context of a study cycle of a lower qualification level. For the purpose of accreditation, the candidate must fill in a specific form and attach all the relevant documentation. When the crediting request occurs during the application, the crediting is not a sufficient condition for admission in the study cycle and it only produces effects after the admission and only in that same study cycle
*Paypal payments are validated automatically; Multibanco payments will be validated up to 48 hours after the payment
All documents must be presented in Portuguese, English, French or Spanish, and endorsed by the competent authority of the State where the document originates
Applications omitting the documents requested or where the application fee has not been paid will be rejected.
Applications available through the NOVA School of Law applications portal.
Readmissions
Readmission is the act by which a student, after interruption of studies in an institution/course of higher education, enrols in the same institution and enrols in the same course or in a course which has replaced it.
SCHOOL YEAR 2023/2024
Requirements:
Students who can apply for readmission to any cycle of studies:
- Must have already been enrolled and enrolled at the NOVA School of Law, in the same course or in a course in which they are already registered, without having completed it
- Must not have been enrolled in that course in the previous academic year to the one in which they intend to be readmitted to
- Those students whose registration has lapsed due to the requirements in force may apply for readmission once two school semesters have elapsed since the date of the regulations
The Faculty reserves the right to refuse readmission to applications from students whose curricular record indicates serious difficulties in adapting to the study plan in force and to the type of teaching provided at the NOVA School of Law. Requests from students who are in debt to the Faculty for tuition fees or any other amounts will be rejected, subject to the provisions of Law Nº. 75/2019, of September 2.
Deadlines for submission of applications | School Year 2023/24:
1st Semester
Submission of the application | From 3 to 14 July 2023 |
Enrolment and Registration for Curricular Units | From 28 August to 8 September 2023 |
2nd Semester
Submission of the application | From 8 to 19 January 2024 |
Enrolment and Registration for Curricular Units | From 29 January to 2 February 2024 |
Instructions for submitting the application (online):
The application is submitted online through the website of NOVA School of Law by filling in a form and uploading the necessary documents, namely:
- Online submission of a simple photocopy of the citizen card or passport (international applicants)
- Payment of the application fee through the Multibanco/PayPal references that will appear during the application process 70.00€ (non-refundable)
The student must print proof of the online application, essential for any subsequent steps.
Fees and Emoluments
Fee | 70,00€ |
Administrative cost per enrolment/registration (annual) | 35,00€ |
School insurance | 3,00€ |
Registration certificate | 6,00€ |
Note: to these amounts must be added the annual fees applicable to the study cycle relevant to the academic year 2022/23 (see the relevant notice).
Tuition fees are fixed annually by the General Council of the NOVA University Lisbon.
The reading of this information does not exempt consultation of the relevant legislation and regulations, the public notice of fees, and the table of fees in force of the respective school year.
Applications that are not accompanied by all the documents or whose fee has not been paid will automatically be rejected.
Regulations Applicable: Decree-Law Nº. 36/2014, of March 10th, altered by Decree-Law Nº. 62/2018, of August 6th, and Regulation Nº. 436/2020, of April 28th, of the NOVA School of Law.
Applications through the NOVA School of Law applications portal.
Clear all your doubts
We are at your disposal to answer any questions you may have about studying at NOVA
School of Law.
Please do not hesitate to contact us by email: admissions@novalaw.unl.pt