Application

Entry requirements
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 programme from undergraduate classes other than those listed above after positive evaluation of the Collegio Didattico or its delegates (ad hoc committee or the President of the Collegio Didattico) if they substantively satisfy the access requirements.

Applicants 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/09, SECS-S/06).
b ) at least 6 ECTS in the statistical area (SECS-S/01 - SECS-S/05, SECS- P05): a statistics course or a basic econometrics one.
c) at least 12 ECTS in 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 in Computer Science (INF/01, ING-INF/05) or equivalent diploma.

As for the English language knowledge, a level B2 or higher (according to CEFR) properly certified (eg.: TOEFL, IELTS, etc.) is required. In the absence of of any certification the Admission Committee reserves the right to verify the candidates' knowledge of English during the interview to be conducted along the lines specified below.

Each applicant will have to submit, together with the application, a detailed curriculum vitae. Failing to provide the above mentioned documentation, the applicant will be excluded from the selection procedure.

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 an Admission Committee appointed by the Faculty Board - Collegio Didattico.

Applicants who meet the minimum entry requirements (irrespective of their nationality) are assessed by the Admission Committee according to the following criteria grid.

Criterion: Academic curriculum
Description: Length and quality of the undergraduate degree, as well as the final grade
Maximum score: 80

Criterion: Choice coherence
Description: Coherence between the previous academic curriculum/professional experience (if any) and the learning objectives of the Master's degree in Finance and Economics
Maximum score: 20

Applicants who obtain a score equal or less than 60 points are not admitted.
Applicants who obtain a score above 60 points but less than 80 points will be invited to an oral interview held in English language and exclusively done via electronic devices (eg.: via skype). The interview is aimed at examining in more depth the applicants' background knowledge and English fluency.
Applicants who obtain more than 80 points and satisfy the English knowledge requirements are admitted without any interview.
Applicants not submitting any proper English knowledge certification will undergo an oral interview with the Admission Committee even if they exceed the 80 points threshold.
Deadlines

Admission

Application for admission: from 10/03/2020 to 30/06/2020

Application for matriculation: from 17/06/2020 to 15/01/2021


Please note

Non-EU students residing abroad must submit admission application until 31 May 2020

Admission

Applicants  who meet the minimum entry requirements (irrespective of their nationality) are assessed by the Admission Board according to the grid below. 

Applicants who obtain a score equal or less than 60 points are not admitted.

Applicants who obtain a score above 60 points but equal or less than 80 points will be invited to an oral interview held in English language and exclusively done via electronic devices (e.g.: via Skype).

Applicants who obtain more than 80 points and satisfy the English knowledge requirements are admitted without any interview.

Applicants not submitting any proper English knowledge certification will undergo an oral interview with the Admission Committee even if they exceed the 80 points threshold.

  • Criterion: academic curriculum (maximum score: 80)

Length and quality of the undergraduate degree, as well as the final grade

  • Criterion: choice coherence (maximum score: 20)

Coherence between the previous academic curriculum/professional experience (if any) and the learning objectives of the Master’s degree in Finance and Economics

Applicants who obtain a score above 60 points but equal or less than 80 points will be invited to an oral interview held in English language and exclusively done via electronic devices (e.g.: via Skype). The interview is aimed at examining in more depth the applicants' background knowledge, motivation and English fluency.

For an idea of the appropriate level of knowledge, competences, and skills, candidates may consult the following textbooks:

Mathematics

Topics: Calculus, Linear Algebra

Suggested reference:

  • Sydsæter, K., Hammond, P. (2008) Essential Mathematics for Economic Analysis, (3 edition), Pearson. Chap: 1-10 (Calculus I), 15-16 (Vector and Matrices)

Economics

Topics: Principles of Microeconomics: Consumer theory; Intertemporal choice; Uncertainty; Market equilibrium; Producer theory; Forms of market; Game Theory

Suggested reference:

  • Varian H. (2009) Intermediate Microeconomics. A Modern Approach, 8th edition, Norton, New York, N.Y. Chapters: 1-6; 10; 12; 14-16; 18-28.

Topics: Principles of Macroeconomics.

Suggested reference:

  • Blanchard O. (2010) Macroeconomics, 5th edition, Pearson Prentice-Hall, Upper Saddle River, N.J., 2010.

Statistics

Topics: Elementary Probability and Random Variables; Descriptive Statistics;  Statistical inference.

Suggested references (any of those):

  • Trosset M.W. (2009) An introduction to statistical inference and its applications with R, CRC Press.  Chapters: 3, 4, 5, 8, 9, 10, 11, 14.

Econometrics

Topics: Linear Regression Model With One or More Regressors: Estimation and Testing, Instrumental Variables.

Suggested reference:

  • Stock J., Watson M. (2010) Introduction to Econometrics, 3rd Edition, Addison-Wesley.

Here you can find a 

Altre informazioni

University fees

For students enrolled on bachelor’s, master’s and single cycle degree programmes are divided into two instalments of different amounts and with different payment deadlines:

  • the first, corresponding to the minimum amount, is the same for all students 
  • the second - technically referred to as an ‘all-inclusive fee’-  that is variable.

Students can also be entitled for tuition fee reductions such as:

  • lowering for students who meet high merit requirements 
  • fixed amounts calculated on the basis of the student's citizenship group for those with income/property abroad
  • support for students who have political refugee status.

More info at: Fees - current academic year

Scholarships and benefits

L’Ateneo fornisce inoltre una serie di agevolazioni economiche a favore dei propri studenti con requisiti particolari (merito, condizioni economiche o personali, studenti internazionali) come:

Students who decide to study in Italy often find themselves thrown into a system and a culture which are very different from those of their own countries; they must also deal with unfamiliar and, at times, complex bureaucratic procedures.

At our University they can now count on the Welcome Desk a service designed for students, doctoral students and interns who have come to Milan for the first time, but also to those who already live in the city and need to verify the validity of academic qualifications obtained abroad in order to enrol on one of our courses.

The Welcome Desk is aimed to be the international students’ point of reference for all the initial necessities of their new adventure in Milan and at the University.

The Welcome Desk has put together a short guide – that you can download here to outline the various steps you need to take in order to obtain documents, to enroll on a course, to take an Italian language course, take advantage of the services and opportunities we offer, to live and get around in the city of Milan.

Welcome Desk
via S. Sofia, 9/1 – 20122 Milan
international.students@unimi.it

The office only receives by appointment.
In order to fix an appointment, you can use the service Infostudenti (www.unimi.infostudente.it), selecting ‘First year international students’ from the drop-down menu.
Applicants who are not enrolled, yet, can register to the service as external user.