
Lisbon, Portugal
DURATION
4 Semesters
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
Request application deadline
EARLIEST START DATE
Sep 2025
TUITION FEES
EUR 6,200 *
STUDY FORMAT
On-Campus
* 10.000€: total tuition fee for non-EU candidates
Introduction

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 (NOVA 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.
Gallery
Ideal Students
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 financial sector.
Program Outcome
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 provide 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 in 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.
Curriculum
1st year – Taught Component (+ 2024/2025 & 2025/2026)
The curricular component 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).
From 2024/25, students will need to approve the curricular component with, at least 13,50 points out of 20 (13,5/20) to be able to enrol in the research phase (2nd year of the course).
Completion of the taught part (60 ECTS) grants the the award of a Diploma in Postgraduate Studies in Law and Financial Markets.
1st Semester
Mandatory
- Banking Law
- Principles of Corporate Finance
- Introduction to Data Analytics
- Financial Markets and Investments
- Financial Instruments Law
- Regulation and Supervision of Financial Markets
Free Option
- Legal English
2nd Semester
Mandatory
- Banking and Insurance Operations
- Introduction to Financial Derivatives and Risk Management
- Insurance Law (EU Insurance Law)*
- Risk Management in Financial Contracts
Free Option
- Methodology of Legal Research
- Cybercrime
- International Tax Law
- Direito Penal Económico
- Competition Law
- Direito das Contraordenações
- Ethics and Regulation of Artificial Intelligence
- Energy, Climate and the Just Transition
- Fintech
2nd year – Research Phase
Mandatory
- Thesis, internship at national or international institution or project work
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.
Admissions
Program Tuition Fee
Scholarships and Funding
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 enroll 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 enroll 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.