Finance and economics (MEF)

Ragazza che studia e prende appunti
Finance and economics (MEF)
Scheda del corso
A.A. 2024/2025
Laurea magistrale
LM-16 - FINANZA
Laurea magistrale
120
Crediti
Accesso
Libero con valutazione dei requisiti di accesso
2
Anni
Sede
Milano
Lingua
Inglese
Graduates of this master course will receive advanced training in quantitative methodologies and tools suitable to interpret and analyze economic and financial phenomena and will be able to operate directly on financial markets or in international economic institutions. The study program is designed to provide students with a solid background through the development of topics of economic theory, analysis of financial markets and the theory of decision making. It includes study of financial markets from both the point of view of international law, history and economics.

The first year courses, common to both curricula, also provide capabilities in statistics, mathematics and computational techniques for the analysis of financial data and economic time series, also involving the use of latest generation software for Statistical Analysis and Calculus.
The second year of the master program is organized in two curricula.
The first curriculum, named Quantitative Finance, is aimed at preparing financial specialists capable of operating in the areas of pricing of derivatives, portfolio management, risk management and control in the financial sector intended in a broad sense.
The second one, named Quantitative Economics, is dedicated to the training of professional economists capable of operating at national/international, public/private institutions (including the academia) or at the level of central government in both the financial and economic spheres.
The master course in Finance and Economics aims at forming the following professional profiles:

Profile: Consultant and financial adviser.
Functions: the professionals included in this category make suggestions for investment and give technical advice to managers on whom they depend functionally; assist the management of financial investments through the economic and financial analysis of market data; propose predictive models of economics, financial times series and provide guidance for the calibration of theoretical models using market data.
Skills: baggage of theoretical knowledge and operational tools aimed at evaluating financial Investments, as well as financial and credit risks.
Career opportunities: They operate in the office of financial management of banks, investment firms, investment funds, commercial and investment banks, financial intermediaries, for research and financial statement purposes. They also work as private consultants.

Profile: Operator and analyst of financial markets.
Functions: the figures included in this category act directly on behalf of their company in the financial markets or as brokerage agents, also assist the company in the interaction with the regulatory authorities in the markets thanks to a thorough knowledge of the rules that govern them.
Skills: baggage of theoretical knowledge and legal advise for the management of financial investments, the execution and management of contracts; ability to operate on traditional and digital markets.
Career opportunities: They operate in the office of financial management of banks, investment firms, investment funds, commercial and investment banks, financial intermediaries, for research and financial statement purposes.

Profile: Academic researcher, or researcher in research-departments within economic and financial institutions, both national and international.
Functions: the occupations included in this category exercise active research-functions of high responsibility in the fields of finance and economics within institutions and firms (both private and public, national and international).
Skills: baggage of theoretical knowledge in the economic-legal-financial fields aimed at doing active research (both theoretical and applied) in economic institutions and private companies, or else in banking and financial institutions operating in national and international contexts.
Career opportunities: They operate in universities, research-centers, research-departments of public/private firms, research departments of banks and similar institutions, or research-departments of international and governmental institutions.

Statistiche occupazionali (Almalaurea)
One of the most effective policies adopted by the European Union in the last few years has been the internationalization of higher education. The various Erasmus programs that have been implemented since the nineties have greatly increased the mobility of European students.
Being a programme with an internationally-oriented educational core strategy, MEF promotes a wide internationalization of its students, and therefore strongly encourages them to spend part of their studies abroad in Erasmus+ Programmes.
Erasmus+ provides opportunities to study, train, gain work experience and skills. Students can go abroad from 3 up to 12 months (including a complementary traineeship period, if planned), and may receive additional grants for studying or training. At the end of their foreign stay, students get full recognition of completed activities in terms of credits for their degree. Student mobility is carried out in the framework of prior "inter-institutional agreements" between the sending and receiving institutions.
Students can also join the traineeship programme (Placement), by going abroad from 2 up to 12 months, starting their traineeship from the first year of study. For a traineeship which is an integral part of the curriculum, the sending institution must give full academic recognition for the period spent abroad. For a traineeship that is not part of the curriculum of the student, the sending institution shall provide recognition at least by recording this period in the Diploma Supplement or, in the case of recent graduates, by providing a traineeship certificate. Traineeship may also be established with private and public companies, educational or research centers other than the hosting institution, especially in the field of finance.
MEF academic staff has strong relations with some important European universities, in particular in Germany, France, Poland and Belgium, but also outside the EU, and is actively involved in research and education networks, so that students' activity abroad (including the development of the final dissertation) can be successfully supervised. Moreover, as already said, students attending the Curriculum in Quantitative Economics can apply to the double-degree program with the "Master en sciences économiques, orientation générale, à finalité approfondie - ECON2MA - (120 ECTS)", a master-program jointly organized by the Belgian Universities of UCL (Université catholique de Louvain) and Namur.
No obligation, strongly recommended.
Immatricolazione
To attend the Master program in Economics and Finance it is necessary to demonstrate to possess strong knowledge of mathematics, economics and statistics at the undergraduate level.

Admission to the Master programme in Finance and Economics requires:

1. Curricular requirements

A) Students with an Italian degree (ex. DM 270/04 and DM 509/99) of the following classes:

L-18 Scienze dell'economia e della gestione aziendale
L-33 Scienze economiche
L-35 Scienze matematiche
L-41 Statistica

can apply.

B) Candidates can also enroll to the programme from undergraduate classes other than those listed above after positive evaluation of the Collegio Didattico or its delegates (an Admission Committee or the President of the Collegio Didattico) if they substantively satisfy the access requirements as shown below.

Candidates lacking one or more of the following minimum entry requirements will not be assessed by the Admission Committee:

a) at least 6 ECTS in the area of mathematics (MAT/01 - MAT/05; MAT/07 - MAT/09; SECS-S/06).
b) at least 6 ECTS in the statistical area (MAT/06; SECS-S/01 - SECS-S/05; SECS-P/05).
c) at least 12 ECTS in the economic area (SECS-P/01 - SECS-P/03; SECS-P/06).

The requirements must be met by the date of effective submission of the application for admission.

2. Proficiency in English

Proficiency in English at a C1 level or higher per the Common European Framework of Reference for Languages (CEFR) is required for admission.

The C1-level requirement will be ascertained by the University Language Centre (SLAM) upon admission as follows:
- Language certificate of C1 or higher level issued no more than three years before the date of admission application. You will find the list of language certificates recognized by the University at: https://www.unimi.it/en/node/39322. The certificate must be uploaded when submitting the online application;
- English level achieved during a University of Milan degree programme and certified by the University Language Centre (SLAM) no more than four years before the date of admission application, including levels based on language certificates submitted by the applicant during their Bachelor?s degree at the University of Milan. In this case the process is automatic, the applicant does not have to attach any certificates to the application;
- Placement test administrated by the University Language Centre (SLAM) according to the calendar published on the website: https://www.unimi.it/en/node/39267/
All those who fail to submit a valid certificate or do not meet the required proficiency level will be instructed during the admission procedure to take the placement test.
Applicants who do not take or pass the placement test will be required to obtain a language proficiency certificate recognized by the University (see: https://www.unimi.it/en/node/39322) and deliver it to the SLAM via the InformaStudenti service by the deadline fixed for the master's programme (https://www.unimi.it/en/node/39267/).
Applicants who do not meet the requirement by said deadline will not be admitted to the master's degree programme and may not sit any further tests.

3. Personal competencies and skills: assessment criteria

Minimum curricular requirements are necessary yet not sufficient conditions for admission. Candidates will be also evaluated on the basis of personal competencies and skills by an Admission Board appointed by the Faculty Board (Collegio Didattico).
Assessment of personal competencies and skills will be ascertained in two subsequent stages. First, candidates will take a written online admission test, held in English language. Detailed description of the test content, dates and organization will be provided on the website of the master program ''Application'' section. Candidate who do not sit or reach the minimum level required by the Admission Board in the admission test will not be further evaluated and cannot sit further tests.

For candidates who reach the minimum level in the admission test and meet the compulsory curricular requirements, the Admission Board will further evaluate their personal competencies and skills based on academic merit and choice coherence. Academic merit relates to the quality of the previous degree as well as the average grade obtained in the bachelor program. Grades obtained in Bachelor mathematics, statistics and economics courses could also be evaluated to assess candidates' academic merit. Choice coherence relates to coherence between the academic and professional curriculum of the candidates and the learning objectives of the Finance and Economics degree programme.

To allow the Admission Board to assess academic merit and choice coherence, each applicant must submit at time of application:
- a detailed curriculum vitae (it refers to study and work experience and any relevant achievements);
- a detailed study plan of the bachelor program, with the list of exams taken and relative grade, as well as average grade obtained and final degree.

Failing to provide the compulsory documentation will result in the exclusion from the selection procedure.
The Admission Board reserves the possibility to request the applicant an oral interview for admission, held in English language and exclusively done via electronic devices (eg.: via skype or other platforms). The interview is aimed at further verifying the skills as mentioned above.
Applicants must obtain the bachelor degree by 31st December 2024.

Ammissione

Domanda di ammissione: dal 22/01/2024 al 30/06/2024

Domanda di immatricolazione: dal 02/04/2024 al 15/01/2025


Allegati e documenti

Avviso di ammissione


Note

Gli studenti non UE richiedenti visto sono tenuti a presentare domanda di ammissione entro e non oltre il 30 aprile 2024. Le domande presentate oltre i termini non saranno valutate e non sarà in nessun caso possibile richiedere il rimborso del contributo di ammissione.

Per approfondire:
Manifesto ed elenco insegnamenti
Primo trimestre
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Financial investments: module i, portfolio theory; module ii, portfolio management 12 80 Inglese SECS-P/09 SECS-P/11
Mathematical methods for finance 9 60 Inglese SECS-S/06
Statistical methods for finance 6 40 Inglese SECS-S/01
Secondo trimestre
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Advanced microeconomics and macroeconomics 12 80 Inglese SECS-P/01
Econometrics 6 40 Inglese SECS-P/05
Terzo trimestre
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Data mining and computational statistics 9 60 Inglese SECS-S/01
International economic law 6 40 Inglese IUS/13
Primo trimestre
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Financial economics 6 40 Inglese SECS-P/01 SECS-P/02
Risk management 6 40 Inglese SECS-S/06
Facoltativo
Financial report lab 3 20 Inglese SECS-P/11
Secondo trimestre
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Financial markets and financial crises: a historical approach 6 40 Inglese SECS-P/12
Numerical methods for finance and portfolio optimization 12 80 Inglese SECS-S/01 SECS-S/06
Attività conclusive
Per queste attività non è previsto un periodo di offerta (es. corsi online a frequenza libera).
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Final exam 18 0 Inglese
Secondo trimestre
Attività formative Crediti Ore totali Lingua SSD
Facoltativo
Laboratory introduction to coding and data management for economics and political science 3 20 Inglese INF/01
Terzo trimestre
Attività formative Crediti Ore totali Lingua SSD
Facoltativo
Advanced laboratory in financial risk management 3 20 Inglese SECS-P/05
Laboratory of bank loan pricing 3 20 Inglese SECS-P/01 SECS-P/02
Periodo non definito
Per queste attività non è previsto un periodo di offerta (es. corsi online a frequenza libera).
Attività formative Crediti Ore totali Lingua SSD
Facoltativo
Additional language skills: italian (3 ECTS) 3 0 Italiano
Attività a scelta e regole di composizione del piano didattico
1 - Students must earn 9 credits for elective activities.
Foreign students with insufficient knowledge of the Italian language can obtain 3 ECTS for "Additional Language Skills: Italian" (please check: https://mef.cdl.unimi.it/en/courses/italian-language-foreigners-tests-and-courses)
Attività formative Crediti Ore totali Lingua Periodo SSD
Additional language skills: italian (3 ECTS) 3 0 Italiano Periodo non definito
3 - Students must earn 3 credits by selecting an Internship/Stage (please check: https://mef.cdl.unimi.it/en/study/stage-and-internship)
Primo trimestre
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Financial investments: module i, portfolio theory; module ii, portfolio management 12 80 Inglese SECS-P/09 SECS-P/11
Mathematical methods for finance 9 60 Inglese SECS-S/06
Statistical methods for finance 6 40 Inglese SECS-S/01
Secondo trimestre
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Advanced microeconomics and macroeconomics 12 80 Inglese SECS-P/01
Econometrics 6 40 Inglese SECS-P/05
Terzo trimestre
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Data mining and computational statistics 9 60 Inglese SECS-S/01
International economic law 6 40 Inglese IUS/13
Primo trimestre
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Financial economics 6 40 Inglese SECS-P/01 SECS-P/02
Facoltativo
Financial report lab 3 20 Inglese SECS-P/11
Secondo trimestre
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Financial markets and financial crises: a historical approach 6 40 Inglese SECS-P/12
Periodo non definito
Per queste attività non è previsto un periodo di offerta (es. corsi online a frequenza libera).
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Macro and econometrics for finance 12 80 Inglese SECS-P/01 SECS-P/05
Periodo non specificato
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Corporate finance and valuation 6 40 Inglese SECS-P/11
Attività conclusive
Per queste attività non è previsto un periodo di offerta (es. corsi online a frequenza libera).
Attività formative Crediti Ore totali Lingua SSD
Obbligatorio
Final exam 18 0 Inglese
Secondo trimestre
Attività formative Crediti Ore totali Lingua SSD
Facoltativo
Laboratory introduction to coding and data management for economics and political science 3 20 Inglese INF/01
Terzo trimestre
Attività formative Crediti Ore totali Lingua SSD
Facoltativo
Advanced laboratory in financial risk management 3 20 Inglese SECS-P/05
Laboratory of bank loan pricing 3 20 Inglese SECS-P/01 SECS-P/02
Periodo non definito
Per queste attività non è previsto un periodo di offerta (es. corsi online a frequenza libera).
Attività formative Crediti Ore totali Lingua SSD
Facoltativo
Additional language skills: italian (3 ECTS) 3 0 Italiano
Attività a scelta e regole di composizione del piano didattico
1 - Students must earn 9 credits for elective activities.
Foreign students with insufficient knowledge of the Italian language can obtain 3 ECTS for "Additional Language Skills: Italian" (please check: https://mef.cdl.unimi.it/en/courses/italian-language-foreigners-tests-and-courses)
Attività formative Crediti Ore totali Lingua Periodo SSD
Additional language skills: italian (3 ECTS) 3 0 Italiano Periodo non definito
3 - Students must earn 3 credits by selecting an Internship/Stage (please check: https://mef.cdl.unimi.it/en/study/stage-and-internship)
Altre informazioni
Sede
Milano
Presidente del Collegio didattico
Tutor per l'orientamento
Tutor per la mobilità internazionale e l'Erasmus
Tutor per i piani di studio
Tutor per stage e tirocini
Referente AQ del corso di studio
Contatti

Le tasse universitarie per gli studenti iscritti ai corsi di laurea, di laurea magistrale e a ciclo unico sono suddivise in due rate con modalità di calcolo e tempi di pagamento diversi:

  • l'importo della prima rata è uguale per tutti
  • l'importo della seconda rata varia in base al valore ISEE Università, al Corso di laurea di iscrizione e alla posizione (in corso/fuori corso da un anno oppure fuori corso da più di un anno).
  • per i corsi on line è prevista una rata suppletiva.

Sono previste:

  • agevolazioni per gli studenti con elevati requisiti di merito
  • importi diversificati in base al Paese di provenienza per gli studenti internazionali con reddito e patrimonio all'estero
  • agevolazioni per gli studenti internazionali con status di rifugiato

Altre agevolazioni 

L’Ateneo fornisce agevolazioni economiche a favore dei propri studenti con requisiti particolari (merito, condizioni economiche o personali, studenti internazionali)

Maggiori informazioni