Master of Arts in Finance
Pavia, Italy
MA
DURATION
2 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
14 Sep 2026
TUITION FEES
EUR 400 / per year **
STUDY FORMAT
On-Campus
* 1st call dedicated to EU and NON-EU applicants
** students may be eligible to apply for a flat rate or to tuition fees calculated according to their family income
Key Summary
The Master’s degree course in Finance provides students with knowledge in interpretative models of quantitative finance as well as statistical and econometric techniques.
Through high specialization in mathematics, statistics and IT, the course enables students to:
- Determine the value of financial activities;
- Measure financial products' risks through econometric and risk hedging techniques;
- Design quantitative tools for optimal portfolio management;
- Analyze large databases.
The Department has successfully implemented a Double Degree program with prestigious Universities around the world. This bilateral agreement allows the students who participate in the program to obtain an Italian degree and the equivalent foreign title. Learn more here.
EDiSU Pavia (Ente per il Diritto allo Studio Universitario) is an Agency for the Right to Higher Education, which was established by the University of Pavia and is under its direct control.
Edisu scholarship benefits include:
- Accommodation in a Residence (“Collegio”);
- One meal per day at the Canteens;
- A sum of money, according to the student’s economic situation.
Edisu scholarship for off-site students can consist of:
- Accommodation in a Collegio + One meal per day at the Canteens + Up to 3.967,00 euros;
- One meal per day at the Canteens + Up to € 6.370,00 euros.
First Year
Compulsory
- Asset Pricing And Macroeconomics
- Capital Markets And EU Company Law
- Econometrics
- Firm Valuation And Capital Market Instruments
- Portfolio Theory
- Probability And Stochastic Processes
- Quantitative Finance
Choose a subject
Notes
Economic Models is recommended for students holding a degree in the graduation classes L08, L09, L30, L31, L35, L41.
Real Analysis is recommended for students holding a degree in the other admissible classes.
- Economic Models
- Real Analysis
Choose a subject
Notes
CORSO DI LINGUA ITALIANA PER STUDENTI STRANIERI to be compulsorily chosen by foreign students (for details see Art 8, comma 9, FINANCE didactic Regulations)
- Italian Language For Foreign Students
- Laboratory On Financial Management And Ethical Behaviour
Second Year
Compulsory
- Financial Econometrics
- Final Exam
- Statistics For Finance
- Topics In Portfolio Management
12 Elective ECTS to be selected among the entire available academic offer of the university. The degree programme recommends: (12 CFU)
- Advanced Quantitative Finance
- Algorithms For Optimization
- Computational Methods
The master's degree in Finance prepares students to work in: banks, asset management companies, consulting companies, supervisory authorities and central banks, insurance companies, fintech and trading, and venture capital. Graduates can therefore become: risk manager, quantitative analyst for portfolio management, strategic analyst for asset management companies, quantitative analyst for fintech and trading.