FINANCE AND ECONOMICS (MEF) - Classe LM-16-Enrolled from 2017/2018 academic year

area Scienze Politiche, Economiche e Sociali
Laurea magistrale
A.A. 2018/2019
LM-16 - Finanza
Laurea magistrale
120
Crediti
Accesso
Libero con valutazione dei requisiti di accesso
2
Anni
Milano
Inglese
Graduates of this master course will receive advanced training on quantitative methodologies and tools suitable to interpret and analyze the economic and financial phenomena and to operate directly on financial markets or in international economic institutions. The study program is designed to provide the students with solid background through the development of topics of economic theory, analysis of international financial markets and the theory of decision making under uncertainty. 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 for the establishment of capabilities in statistics, mathematics and computational techniques for the analysis of financial data and economic time series.
The second year of the master program is organized in two curricula. The first, Financial Economics, is dedicated to the training of economists capable of operating at international institutions or central government level in both the financial and economic sphere.
The second 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 and / or actuarial sector.
The master course in Economics and Finance aims at forming the following professional profiles.

Profile: Analyst and financial adviser.
Functions: the professionals included in this category make suggestions for investment and give technical advice to managers on which 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, the evalutaion of the financial and credit risk.
Career opportunities: They operate in the office of financial management of banks, investment firms, investment funds, banks, financial intermediaries, research and financial statement purposes. They also work as private consultants.

Profile: Operator of financial markets and financial intermediary.
Functions: the figures included in this category act directly or 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, executives 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, banks, financial intermediaries, research and financial statement purposes.

Profile: Manager or Director of the departments of finance, financial institutions or international economic institutions.
Functions: the occupations included in this category exercise managerial functions of high responsibility in private and public companies with an international vocation, in finance, risk management and credit.
Skills: baggage of theoretical knowledge of economic-legal type for the management of economic institutions and private companies or in banking and financial institutions operating in international contexts.
Career opportunities: They operate private or public companies in industry and services to businesses, banks and similar institutions, and international and governmental institutions.

Profile: Professionals in the management of programs and projects of international development.
Functions: the occupations included in this category contribute to the formulation, management, monitoring, reporting of programs and projects of business development and market expansion within the international arena.
Skills: baggage of theoretical and operational knowledge about international economy, strategy of business management, legal and administrative regulation of the markets, processes of economic integration and economic policies that govern them.
Career opportunities: They operate private or public companies of industry, trade, business services, banks and similar institutions, and international and governmental institutions.
http://statistiche.almalaurea.it/universita/statistiche/trasparenza?cod…
To attend the Master program in Economics and Finance it is necessary to have adequate knowledge of mathematics, economics and statistics at undergraduate level.

Students with an italian degree (ex. DM 270 /04) of the following classes:
l-7 Ingegneria civile e ambientale
l-8 Ingegneria dell'informazione
l-9 Ingegneria industriale
l-16 Scienze dell'amministrazione e dell'organizzazione
l-18 Scienze dell'economia e della gestione aziendale
l-20 Scienze della comunicazione
l-30 Scienze e tecnologie fisiche
l-31 Scienze e tecnologie informatiche
l-32 Scienze e tecnologie per l'ambiente e la natura
l-33 Scienze economiche
l-35 Scienze matematiche
l-36 Scienze politiche e delle relazioni internazionali
l-37 Scienze sociali per la cooperazione, lo sviluppo e la pace
l-41 Statistica
and students with an italian degree (ex DM 509/99) in the classes equivalent to those listed above can apply.

Candidates can also enroll to the course from undergraduate classes other than those listed above after positive evaluation of the Collegio Didattico or its delegates (ad hoc commitee or the President of the Collegio Didattico) if they substantively satisfy the access requirements.

To all candidates, the following minimum requirements apply in order to be admitted to the course:

a) at least 6 ECTS credits in the area of mathematics (MAT/01 - MAT/09, SECS-S/06).
b ) at least 6 ECTS credits for the statistical area (SECS-S/01 - SECS-S/05, SECS- P05): a statistics course or a basic econometrics one.
c) at least 12 ECTS credits for the economic area (SECS-P/01 - SECS-P/03, SECS-P/06): at least one course of Microeconomics and one of Macroeconomics.
d) evidence of computer skills (ECDL) or 3 ECTS credits of Computer Science (INF/01, ING-INF/05) or equivalent diploma.
e) English language knowledge, level B2 or higher, properly certified (eg.: TOEFL, IELTS, etc.) or any other relevant documentation (eg.: award of a degree held in English, English language as mother tongue, etc.).

Each applicant will have to submit, together with the application, a motivation letter and a curriculum vitae (using the mandatory format and template approved by the Faculty Board - Collegio Didattico). Failing to provide the above mentioned documentation, the applicant will be excluded from the selection.
Furthermore, a recommendation letter is requested: it has to be sent by an external Referee, directly to the Master's degree Secretariat, by post (ordinary mail) or fax or email.

Students with foreign qualification are expected to meet the substantive requirements equivalent to the minimum requirements for students with italian title. Such checking of pre-requisites will be conducted by a special Admission Board of faculties appointed by the Faculty Board - Collegio Didattico.

Applicants who meet the minimum entry requirements (irrespective of their nationality) are assessed by the Admission Board according to the following criteria grid. Applicants who obtain less than 50 points are not admitted. Applicants who obtain more than 80 points are admitted without any further verification.

Criterion: Academic curriculum
Description: length and quality of the previous degree as well as the final grade
Maximum score: 40

Criterion: Recommendation letter
Maximum score: 10

Criterion: Motivation letter
Maximum score: 30

Criterion: Choice coherence
Description: coherence between the academic curriculum and/or activities previously carried out and the learning objectives of the master's degree in Economics and Finance
Maximum score: 20

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). Such possibility is reserved for the students that have not fully fulfilled one or more of the minimum requirements for the admission due to the irregularities in the credit system or title of study or due to other objective motivation relevant in the analysis of the material attached to the application for admission (including the motivation letter and the recommendation letter, other relevant documents/titles attached and the potential lack of any English certification) that results in a score above 50 points but less than 80 points out of 100, according to the above mentioned grid. The interview is aimed at verify the applicants' motivations, the English language knowledge and the above mentioned skills, according to the procedure established by the internal Regulation - Regolamento didattico.
One of the most effective policies adopted by European Union in the last years has been the internationalization of higher education. The various Erasmus programmes that have been implemented since the nineties have greatly increased the mobility of European students.
Being a brand-new programme with an internationally oriented educational core strategy, MEF promotes a wide internationalization of their 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, Belgium, France, Spain and the Netherlands 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. Short exchange programs are in place with the HSBC Business School - Peking University Shenzhen (China), Plekhanov Russian University of Economics (Moscow, Russian Federation), Singapore School of Management and Manipal University (Karnataka, India).
No obligation

Elenco insegnamenti

Primo trimestre
Attività formative Crediti Ore totali Lingua
Obbligatorio
Mathematical methods for finance 9 60 Inglese
Time series analysis 6 40 Inglese
Secondo trimestre
Attività formative Crediti Ore totali Lingua
Obbligatorio
Financial investments and corporate finance 12 80 Inglese
International economic law 6 40 Inglese
Terzo trimestre
Attività formative Crediti Ore totali Lingua
Obbligatorio
Advanced microeconomics and macroeconomics 12 80 Inglese
Data mining and computational statistics 9 60 Inglese
Statistical methods for finance 6 40 Inglese
Primo trimestre
Attività formative Crediti Ore totali Lingua
Obbligatorio
Decision theory and behavioural economics 6 60 Inglese
Money and finance 6 40 Inglese
Secondo trimestre
Attività formative Crediti Ore totali Lingua
Obbligatorio
Asset pricing and financial contracts 12 80 Inglese
Financial markets and financial crises: a historical approach 6 40 Inglese
Attività conclusive
Attività formative Crediti Ore totali Lingua
Obbligatorio
Final exam 18 Inglese
Secondo trimestre
Attività formative Crediti Ore totali Lingua
Facoltativo
Laboratory "numerical finance and option pricing" 3 20 Inglese
Terzo trimestre
Attività formative Crediti Ore totali Lingua
Facoltativo
Advanced laboratory in financial risk management 3 20 Inglese
Tecniche attuariali 6 40 Italiano
Non definito
Attività formative Crediti Ore totali Lingua
Facoltativo
Actuarial laboratory - laboratorio attuariale 3 20 Italiano
Regole di composizione
1 - Students must earn 9 credits for elective activities.
2 - Students must earn 3 credits by selecting an Internship/Stage.
Primo trimestre
Attività formative Crediti Ore totali Lingua
Obbligatorio
Mathematical methods for finance 9 60 Inglese
Time series analysis 6 40 Inglese
Secondo trimestre
Attività formative Crediti Ore totali Lingua
Obbligatorio
Financial investments and corporate finance 12 80 Inglese
International economic law 6 40 Inglese
Terzo trimestre
Attività formative Crediti Ore totali Lingua
Obbligatorio
Advanced microeconomics and macroeconomics 12 80 Inglese
Data mining and computational statistics 9 60 Inglese
Statistical methods for finance 6 40 Inglese
Primo trimestre
Attività formative Crediti Ore totali Lingua
Obbligatorio
Decision theory and behavioural economics 6 60 Inglese
Portfolio optimization 6 40 Inglese
Secondo trimestre
Attività formative Crediti Ore totali Lingua
Obbligatorio
Financial markets and financial crises: a historical approach 6 40 Inglese
Numerical methods for finance and risk management 12 80 Inglese
Attività conclusive
Attività formative Crediti Ore totali Lingua
Obbligatorio
Final exam 18 Inglese
Secondo trimestre
Attività formative Crediti Ore totali Lingua
Facoltativo
Laboratory "numerical finance and option pricing" 3 20 Inglese
Terzo trimestre
Attività formative Crediti Ore totali Lingua
Facoltativo
Advanced laboratory in financial risk management 3 20 Inglese
Tecniche attuariali 6 40 Italiano
Non definito
Attività formative Crediti Ore totali Lingua
Facoltativo
Actuarial laboratory - laboratorio attuariale 3 20 Italiano
Regole di composizione
1 - Students must earn 9 credits for elective activities.
2 - Students must earn 3 credits by selecting an Internship/Stage.
Sede
Milano
Sedi didattiche
Faculty of Political, Economic and Social Sciences - Via Conservatorio, 7 - 20122 MILANO
Presidente del Collegio Didattico
EMANUELE BACCHIOCCHI
Contatti