Master of Science in Finance and Insurance
Rome, Italy
MSc
DURATION
2 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
TUITION FEES
EUR 1,500 / per year **
STUDY FORMAT
On-Campus
* visa seeking candidates: april 29, 2024
** tuition for our bachelor's and master's programs is € 300-1500/year
Key Summary
About: The Financial Risk and Data Analysis curriculum (taught in English) in the Master of Science in Finance and Insurance at Sapienza covers quantitative finance, programming, data analysis and financial regulation. You'll learn to measure and manage risk, forecast and build models for pricing and portfolio management; it prepares you for industry roles or PhD study.
Career Outcomes: Career opportunities include financial and banking intermediaries, asset management, consulting and auditing firms, supervisory authorities, private equity, corporate finance, insurance and brokerage, pension and health funds. Common roles: risk analyst, quantitative analyst, data scientist, financial analyst and consultant, portfolio manager and underwriter.
The Financial Risk and Data Analysis curriculum (entirely taught in English) of the Masters program in Finance and Insurance aims at providing students with a wide range of advanced quantitative and programming tools together with technical instruments and a sound knowledge of the complex regulatory system that governs the financial markets. Students will acquire the knowledge and capabilities needed to analyze financial data and to use them to measure and manage risk, make forecasts, and build models to address most of the technical challenges faced by companies and institutions in the finance and insurance industry, and also in other environments. Graduates will have the skills required for a successful career in financial institutions or major corporations or to enter a Ph.D. program in Finance.
First-year
First semester
- Mathematics for Economics and Business Advanced course
- Probability and stochastic processes
- Company evaluation
- Probability at the computer
Second semester
- Historical series analysis
- Economics of international financial markets and intermediaries
- Quantitative Finance
Second year
First semester
- Methods and models in finance
- Financial optimization
- At the student's choice
Second semester
- Financial instruments and capital markets law
- Other useful skills for inclusion in the world of work
- Final exam
Learning outcomes
The main educational objective of the master's degree course is to provide graduates with the quantitative, economic, and legal knowledge necessary to carry out positions of responsibility in the financial and actuarial fields.
The training contents of the degree course in Finance and Insurance concern in particular: the study, application, and interpretation of mathematical and statistical models for the analysis and forecasting of financial markets and the analysis of insurance and social security markets; the design and evaluation of innovative financial, insurance and pension products; knowledge of quantitative methods for measuring and controlling financial, insurance and social security risk; knowledge of the main regulatory and economic aspects of the financial and insurance markets; the use of high-level computational tools.
For the purposes indicated, the master's degree course provides advanced teaching in mathematics, stochastic processes, statistical methods for data analysis, risk analysis and measurement, mathematical finance, financial optimization, mathematics, and actuarial techniques for private insurance and pension. The course also provides the necessary knowledge of the legal, economic, and business aspects relating to the financial and insurance sectors as well as the IT tools for concrete use in the professional field. The course takes care of the acquisition of the necessary professional skills also with seminars held within the degree course and with the offer of training internships at financial and insurance institutions, professional firms, and consultancy firms, in Italy and abroad.
We can offer such convenient rates thanks to public funding from the Italian Ministry of Higher Education. Additionally, students can apply for various scholarships available at different levels, awarded based on academic merit and/or family income.
- Financial and banking intermediaries
- Collective savings management companies
- Consulting and auditing companies
- Supervisory authorities
- Private equity companies
- Non-financial companies with financial management
- Insurance companies
- Insurance brokerage companies
- Pension funds and health funds
- Consulting companies
- Supervisory authorities