Why Canadian Students Should Choose the Luxembourg School of Business
Luxembourg's a finance haven with a big heart. Discover why Luxembourg could be a great choice for you to study abroad.
Luxembourg's a banking and finance titan, home to the Big Four accounting firms, nestled between France, Germany, and Belgium. Around half of the population is foreign-born, so if you choose the Luxembourg School of Business (LSB) as your study abroad destination, you'll be in good company!
Studying in Luxembourg as an international student
Besides the incredible history and lush scenery, there are plenty of reasons to consider Luxembourg as your home away from home:
Student life in the heart of Europe
At Luxembourg School of Business, located near the city centre, you're not just earning a top-tier education, you're living a European adventure. By 2026/2027, you'll even have the opportunity to study in an actual castle!
Just a quick trip from Paris and the rest of Western Europe, Luxembourg offers a safe and vibrant setting for your studies. Here, it's about more than lectures — it's about a rich, diverse student life in the heart of Europe.
Multicultural and diverse
Luxembourg is home to expats from over 70 countries: foreign-born residents make up about 50% of the total population, with English well-represented among temporary and permanent residents alike. You'll also encounter plenty of French, Belgian, and even some Luxembourgish!
Career and advancement opportunities
Luxembourg hosts some of the world's biggest corporations, including the Big Four accounting firms, and has a booming startup economy, with special attention paid to fintech firms and sustainable technologies.
The country's a big player in matters of state, too: Luxembourg's also the seat of many important European institutions, like the European Investment Bank and European Court of Justice, so you'll find plenty of opportunities to develop your career in whichever fields interest you.
Living and working in Luxembourg as a Canadian
As a Canadian student, you're well-situated to take on post-graduate studies in Luxembourg. Here's what you need to know:
How much does it cost to live as a student in Luxembourg?
As a modern, developed country, the cost of living in Luxembourg is comparable to Canada. Students can expect to pay roughly € 1,000 per month in costs, like groceries and entertainment, and another € 1,000 per month in rent. € 2,000 is roughly $2,900 CAD.
Here's a quick chart with some estimated costs, drawn from Expatistan.com:
| Living Expense | Approximate Cost in Euros and Canadian Dollars, per Month |
|---|
| Studio apartment rent | € 1,000 / $1,452 CAD |
| Utilities (phone and internet) | € 92 / $133 CAD |
| Supermarket groceries | € 200 / $290 CAD |
| Restaurants, nightlife, and culture | € 150 / $217 CAD |
| Fitness and health | € 88 / $127 CAD |
| School supplies | € 30 / $43 CAD |
| Miscellaneous | € 90 / $130 CAD |
| Approximate Total | € 1,650 / $2,396 CAD |
Luxembourg's notable for its totally free public transit: everything from buses to trains are no cost to users, all across the country! Say goodbye to that monthly bus pass!
In terms of earning money, international students are eligible to work up to 15 hours a week during regular classes, and up to 40 hours per week during breaks and holidays.
How much does it cost to study at the Luxembourg School of Business?
Costs vary, depending on your program of interest. LSB's most popular program, the Master in Management, which takes 24 months and includes a paid six-month internship, is € 12,000 per year for students from abroad — approximately $17,431 CAD. The total cost of the program is roughly $35,000 CAD.
This cost is comparable to what Canadian students can expect to pay in Canada for some master's programs in management. The paid internship helps offset some costs of studying in Luxembourg as well.
Other programs, like the Weekend MBA or Executive Education, have different cost structures. Curious? See the LSB website for details.
The Luxembourg School of Business wants to help make your European business education more affordable. LSB offers discounts on tuition, as well as merit-based scholarships to Canadian students!
Tuition discounts at the Luxembourg School of Business
Here's how you can shave 5% or even 10% off your tuition at LSB:
5% tuition discount
Students who enrol before the first deadline — typically in mid-April and November — will receive a 5% discount off tuition costs.
10% tuition discount
Students who pay the full tuition cost in a single instalment will receive a 10% discount off tuition costs.
Discounts are cumulative, so you could potentially get 15% off your tuition!
Merit-based scholarships at the Luxembourg School of Business
LSB offers scholarships to outstanding students. Scholarships are worth anywhere between 5% and 50% of total tuition costs — meaning that receiving a scholarship could take a big bite out of your tuition fees!
To apply, you'll first need to submit an application for admission, then fill out the scholarship form. Here's what admins are looking for:
- Providing proof of academic excellence (record of your grades/GPA, graduating with honours, among others)
- Providing references to support your application
- Your motivation as a candidate
- Financial need. The financial aspect will be judged on your annual household income
Luxembourg's a beautiful, accessible country tucked into the heart of Europe. If you want to globalize your education, why not consider Luxembourg? From the University of Luxembourg to the Luxembourg School of Business, you're sure to find a degree that resonates with you.
We can't wait to see you in Luxembourg!
Explore programs at the Luxembourg School of Business