Application procedure

The application must be submitted online, through the “Admission application” button (on the bottom of this page). Before that, you have to login into the system, by following the instructions provided at this page.

  1. Fill out the application form;
  2. Submit the documents demanded:
    • Standard documentation: (i) degree certificate - if already graduated - and (ii) transcripts attesting exams taken, grades and credits (ECTS/CFU);
    • the .pdf Application Form properly filled in with Adobe software (either for students holding an Italian Bachelor degree or for students holding a foreign Bachelor degree) - please download your relevant one from the box to the right;
    • Passport/ID card;
    • A short CV;
    • English language certification (if any; please check the list of accepted certificates here);
  3. Pay the application fee. The payment form is available at the end of the application procedure. Online payments via credit cards are allowed.

Please note: incomplete or multiple submissions will not be considered.
Assistance desk: or

  1. The members of the Admission Board verify if the candidate meets the entry requirements;
  2. Verified the entry requirements, the Admission Board will assess the qualifications and will decide whether to admit or reject or ask the candidate for an interview (via Skype or other electronic means);
  3. The candidate will receive the letter of admission/rejection, through the students’ application portal, to the e-mail address provided in your online application submission;
  4. In case of admission, the applicant will be able to proceed with enrolment and pay the annual fees. As soon as the procedure opens, we kinldy suggest proceeding with the enrollment.

Applicants who obtain a score above 70 points but 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 and motivation.

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


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)
  • Simon, C.P., Blume, L. (2010) Mathematics for Economists, W. W. Norton & Company


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.


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.
  • Ross S. (2010) Introductory Statistics, 3d Edition, Elsevier
  • Moore D., McCabe G.P., Craig B. (2012) An Introduction to the Practice of Statistics, 7th edition, W.H. Freeman & Company


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.
Academic year 2023-24

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.

Students with an Italian degree (ex D.M. 270/2004) 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 D.M. 509/1999) 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 (an Admission Committee or the President of the Collegio Didattico) if they substantively satisfy the access requirements.

Candidates lacking of 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-P/05): 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 at least one course of Macroeconomics.
d) evidence of computer skills (ECDL) or 3 ECTS in Computer Science (INF/01, ING-INF/05) or equivalent diploma.
e) proficiency in English at a C1 level or higher according to the Common European Framework of Reference for Languages (CEFR).

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: 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. 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:
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: and deliver it to the SLAM via the InformaStudenti service by the deadline fixed for the master's programme (
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.

Each applicant will have to submit, together with the application, a detailed curriculum vitae. Failing to provide this document implies that the applicant will be excluded from the selection.

Students with foreign qualification are expected to meet the substantive requirements equivalent to the minimum requirements for students with Italian title. Such checking of the 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 (i.e., number of years taken) and quality (i.e., average grade in the overall number of exams taken) of the undergraduate degree as well as the final graduation mark
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 70 points are not admitted.
Applicants who obtain a score above 70 points but less than 80 points might 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 and motivation.
Applicants who obtain a score greater or equal to 80 points and satisfy the English knowledge requirements may still be subject to further interview before admission.

Among the electives, those who do not hold an Italian high school diploma or university degree can obtain 3 credits in Additional language skills: Italian by demonstrating A2 level in Italian per the Common European Framework of Reference for Languages (CEFR). This level can be assessed in the following ways:
- by submitting a certificate of A2 or higher level issued no more than three years prior to the date of submission. You will find the list of language certificates recognized by the University at: The language certificate must be submitted to the University Language Centre (SLAM) via the Language Test category of the InformaStudenti service:;
- by an entry-level test administrated by SLAM that can only be taken only once.
Those who fail to reach A2 level will have to attend a 60-hour Italian course geared to their level.
Those who do not take the entry-level test or fail to pass the end-of-course test after six attempts will have to obtain language certification privately in order to earn the 3 credits of Additional language skills: Italian. As an alternative, they can modify their course programme by choosing a different elective.


Application for admission: from 06/03/2023 to 30/06/2023

Application for matriculation: from 03/04/2023 to 15/01/2024

Attachments and documents

Admission notice

Further information

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.

The University provides:

  • no tax area for students on track with exams and not on track with exams for one year with ISEE certification until 20.000 €.
  • Fees exemption on account of merit, income or disability, or if they meet other specific requirements;
  • Concessions for students meeting high merit requirements;
  • Diversified tuition fees according to the student's home country for international students with assets/income abroad;
Scholarships and benefits

The University also provides:

  • Part-time study 
  • Financial aid, refectory service, accommodation,
  • Awards and scholarships

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 aims at being the international students’ point of reference for all the initial necessities of your new adventure in Milan and at Unimi.

Welcome Desk
via S. Sofia, 9/1 – 20122 Milan

The office only receives by appointment. Book through the Informastudenti service by selecting the "INTERNATIONAL" category once logged in. Applicants who have not enrolled yet should register here as external users first.