June 5, 2012

Erasmus Mundus Scholarships in Transnational Trade Law and Finance for International students

Erasmus Mundus Masters Scholarships in Transnational Trade Law and Finance (EMTTLF)

Study Subjects: Law, Finance, Business admin & related
Scholarship Level: Postgraduate (masters)
Scholarship Provider: European Union
Scholarship can be taken at: Europe

Scholarship Description
The European Master in Transnational Trade Law and Finance (EMTTLF) is a flexible, semester-based, international, multi-site Programme that offers:
  • A formative, problem-oriented, multidisciplinary itinerary with the most advanced competencies of technical and procedural analysis and judicial and economic rationality.
  • An innovative itinerary in Transnational Trade Law, which aims to develop high level professional competencies and analytical skills, offering a professional and a research track.
The European Master’s in Transnational Trade Law and Finance (EMTTLF) has been selected by the European Commission among the Erasmus Mundus masters courses for five years. This implies that the Consortium will be able to grant scholarships to highly qualified graduate students to follow the EMTTLF Masters Course.
As from the third edition of this Master (2010-2012), the new Erasmus Mundus Scholarships scheme includes: Category A (for third country students) & Category B (for EU and EEA-EFTA students) grants. Besides, if the European Commission makes them available (as in previous editions) the EMTTLF Consortium will award a reduced number of extra Category A scholarships via the Western Balkans and Turkey Window.

Requirements and selection criteria:
Admission may be granted to applicants who meet the following criteria:
  • Candidates must be have completed at least a good level first cycle degree in a discipline related to Law and Business Administration (ILF accepts only Law, Economics or Business Administration graduates).
  • The Course seeks those who demonstrate a proven interest in issues of Transnational law and finance and/or have related international work experience.
  • Candidates are required to have a recognized qualification in the languages of instruction of the university that they plan to attend. Applicants will have to enclose the documentation attesting their level of English (TOEFL test results 580* or IELTS 6.5) or French (DELF, DALF or other diploma), if they apply for the Strasbourg Track. Check the “TOEFL Internet Based Test score comparison”.
  • Study mobility periods abroad and practical experience in European and/or international organizations and institutions is valued.
  • Selection criteria include motivation, academic qualifications, languages skills, research experience, and professional experience.
N.B. If you are applying for a Erasmus Mundus Scholarship, please, note that as of the academic year 2011/2012, the number of applications is limited to three Erasmus Mundus Masters Courses maximum, i.e., if you apply to more than three Erasmus Mundus Masters Courses, you will be automatically excluded from the selection process of all of them.
* The ILF requires TOEFL test results 600.

Eligible groups
Graduate students of any nationality, who meet the 'Eligibility' above

IMPORTANT NOTE: The EM scholarship policy has changed. Note that from the Academic Year 2010/2012 European students are also eligible for Erasmus Mundus Scholarships - EM Category B scholarship. Third country students are eligible under EM Category A scholarships (i.e. similar conditions of the last years). Please, visit "Fees & Scholarships" section to check the updates.

Participating Institutions
This Master is a joint Postgraduate Program offered by 4 European Leading Universities and coordinated by the School of Law of the University of Deusto.

Fields of study
Participation in the European Master in Transnational Trade Law and Finance is open to graduate students of Law, Business Administration and related fields and lawyers of all nationalities. Enrolment numbers are limited and admission is based on merit.

Number of awards
As for the fourth edition of this Master (2011-2013), the EMTTLF Consortium will award:
  • Category A scholarships for graduate students citizens of a Third country (with the exception of Turkey and Western Balkans) as defined below. Third-country graduate student means:
    • a national of a third country other than those from EEA-EFTA States (Iceland, Liechtenstein and Norway) and candidate countries for accession to the European Union (presently Croatia, Former Yugoslav Republic of Macedonia and Turkey);
    • who has already obtained a first higher education degree;
    • who is not a resident of any of the Member States or the participating countries (EEA-EFTA States and EU candidate countries for accession);
    • who has not carried out his or her main activity (studies, work, etc.) for more than a total of 12 months over the last 5 years in any of the Member States of the European Union nor any Member State of the EEA-EFTA (Norway, Iceland & Liechtenstein).

  • (If the European Commission makes them available) An additional number of Category A scholarships for students citizens of countries belonging to the so-called “Western Balkans and Turkey Window” and who are not residents nor have carried out their main activity (studies, work, etc.) in any “European country” (EU Member States & EEA-EFTA Member States) for more than a total of 12 months over the last 5 years. The following countries will be covered by the "Western Balkans and Turkey Window": Albania, Bosnia-Herzegovina, Croatia, the former Yugoslav Republic of Macedonia, Montenegro, Serbia and Kosovo under UNSC Resolution 1244/99 as well as Turkey.

  • Category B scholarships for students citizens of member states of the European Union and EEA-EFTA states, as well as to all non-European students who do not meet the Category A criteria as defined above (eg. a national from the United States that have carried out his main activity for more than 12 months over the last 5 years in Germany will be eligible for a Category B scholarship).
    The Consortium will guarantee to Category B Scholarship holders that the difference between their tuition fee (14,000 €) and the maximum contribution to participation cost that they receive from the European Commission (8,000 €) will be covered with external funding from public or private institutions.
Scholarship benefits
Amount of the Erasmus Mundus scholarships:

Category A and Window scholarshipsCategory B scholarships
IContribution to travel, installation and any other type of costs8,000 (4,000/year)Not applicable
IIMaximum contribution to participation costs (including insurance coverage)16,000
8,000 (2,000/semester)
IIIMonthly allowance24,000
12,000 (500/month)
TotalMax. 48,000Max. 20,000
In order to facilitate the management, the EMTTLF Consortium will deduct an amount equivalent to participation costs (tuition fee, which includes insurance costs) on the basis of a written agreement whereby the student authorizes EMTTLF to collect these sum.

For more information about the grants, please consult the official website of Erasmus Mundus (and the Frequently Asked Questions –FAQ- section)

Method of Application
  • Before completing the form, candidates are invited to read carefully all the information included in this web.
  • Candidates willing to apply for one Erasmus Mundus Scholarship are requested to pay special attention to the Fees and Scholarships Section.
  • Check the document list you will have to enclose, particularly the English proficiency test. Note that if you do not have it already a certain time is needed to pass TOELF and ILTS exams.
  • Applications must be written in English, and will be considered valid only when all requested information is supplied. Incomplete applications or those lacking any necessary document will be automatically rejected.
  1. Check the Application form on-line to see how you have to proceed in order to upload the files (.doc, .jpg, .pdf) with all the necessary documentation.
  2. Make electronic copies in .doc, .jpg or .pdf format (preferably in .pdf - note that .docx files are not accepted) of the requested documentation and make sure that none of the files exceed 1Mb (1Mb = 1024 Kb is the maximum sized allowed per file, if you try to upload a heavier file the system will not be able to process your application and you will have to re-start typing all the requested information). If you use shareware, beta or trial versions software, please try to minimize any watermarks.
  3. Complete the Application form on-line. Please, take your time and review all the information that you provide us before clicking on “Save”). You will receive an email of confirmation. Keep it.
  4. Pre-selected candidates will be contacted to send via ordinary mail the original hard copies of the certificates and the documentation uploaded in their application forms on-line to the following postal address:
EMTTLF Secretariat
School of Law, University of Deusto
Avda. de las Universidades 24
E-48007 Bilbao (SPAIN)

It is strongly recommended that you send your application by means that provide you with proof of dispatch (registered post, express courier, etc.).

Applicants MUST include in their on-line applications the following documents:
  • Copy of the applicant’s passport.
  • Academic credentials, with a copy of diploma (if this document is not in English then it must be officially translated) and, if available, diploma supplement.
  • Certified copies of academic transcripts.
  • Academic and/or professional CV.
  • Letter of motivation (type your motivation letter in the “Personal Statement Section” within the Application form on-line).
  • Original English proficiency test: TOEFL test results 580 or IELTS 6.5 (the ILF requires TOEFL test results 600). Please, note that a certain time is needed to pass TOELF or ILTS exams. Note that nationals of countries which official language is English (including the USA) are exempted of this requirement. Besides, university degrees (only Bachelor or equivalent undergraduate studies of at least 180 ECTS) obtained in a country where English is the official language by applicants for whom English is not the first language may be accepted instead of the approved IELTS/TOEFL score. Check the FAQ.
  • Copy of any other language Diploma (e.g. the French DELF or DALF Diploma).
  • 2 reference letters.
Pre-selected candidates MUST send by ordinary post, besides the original hard copies of the previous documents:
  • 1 copy of your on-line Application Form (remember to print a second copy for your own records).
  • 2 passport-sized photos (one glued to the application form in the appropriate place, the other with the applicant’s name and application No. in the back side).
  • Any other documentation uploaded in your application form on-line.
Pre-selected candidates will be contacted to send via ordinary mail the original documents of the requested information.

  • Candidates applying for an EM 'CATEGORY A' or 'CATEGORY B' Scholarship MUST complete the application on-line no later than 12 FEBRUARY 2012 (0:00 GMT).
    • Third countries self funded applicants
      30 JUNE 2012 (0:00 GMT).
    • European self funded applicants
      JULY 30th 2012 (0:00 GMT).
Final Deadline for any application: July 30th 2012 (0:00 GMT)
NOTE: For detailed information, see EMTTLF Application page.

For academic inquiries, please contact the EMTTLF Secretariat, preferably by email:

EMTTLF Secretariat
School of Law, University of Deusto
Avda. de las Universidades 24
E-48007 Bilbao (SPAIN)

Email. law@deusto.es
Tel. +34 944 139 055
Fax. +34 944 139 099

Scholarship Application Deadline: 30 July 2012 (Europeans); 30 June 2012 (Third country); 12 February 2012 (EM 'Category A' or 'Category B)
Scholarship Open to International students: Yes

Related : Frequently Asked Questions

More Scholarship Information and Application

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