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

Course type
Master programme
120
ECTS
Access
Open with entry requirements examination
2
Years
Course location
Milano
Language
English
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 (not available to students enrolled in the 2020-2021 academic year due to a temporary suspension of the curriculum), 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.
Employment statistics (Almalaurea)
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.
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, France and Poland 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).
course year not available
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Financial Investments and Corporate Finance 12 80 English SECS-P/09 SECS-P/11
Mathematical Methods for Finance 9 60 English SECS-S/06
Time Series Analysis 6 40 English SECS-P/05
Second trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Advanced Microeconomics and Macroeconomics 12 80 English SECS-P/01
International Economic Law 6 40 English IUS/13
Third trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Data Mining and Computational Statistics 9 80 English SECS-S/01
Statistical Methods for Finance 6 40 English SECS-S/01
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Asset Pricing and Financial Contracts 12 80 English SECS-P/01
Decision Theory and Behavioural Economics 6 40 English SECS-P/02
Money and Finance 6 40 English SECS-P/01
Second trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Financial Markets and Financial Crises: A Historical Approach 6 40 English SECS-P/12
Conclusive activities
Courses or activities ECTS Total hours Language SSD
Compulsory
Final Exam 18 0 English
Third trimester
Courses or activities ECTS Total hours Language SSD
Optional
Actuarial Techniques 6 40 English SECS-S/06
Laboratory of Quantitative Trading 3 20 English SECS-P/11
Study plan rules
1 - Students must earn 9 credits for elective activities.
2 - Students must earn 3 credits by selecting an Internship/Stage.
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Financial Investments and Corporate Finance 12 80 English SECS-P/09 SECS-P/11
Mathematical Methods for Finance 9 60 English SECS-S/06
Time Series Analysis 6 40 English SECS-P/05
Second trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Advanced Microeconomics and Macroeconomics 12 80 English SECS-P/01
International Economic Law 6 40 English IUS/13
Third trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Data Mining and Computational Statistics 9 80 English SECS-S/01
Statistical Methods for Finance 6 40 English SECS-S/01
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Decision Theory and Behavioural Economics 6 40 English SECS-P/02
Portfolio Optimization 6 40 English SECS-S/06
Second trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Financial Markets and Financial Crises: A Historical Approach 6 40 English SECS-P/12
Numerical Methods for Finance and Risk Management 12 80 English SECS-S/01 SECS-S/06
Conclusive activities
Courses or activities ECTS Total hours Language SSD
Compulsory
Final Exam 18 0 English
Third trimester
Courses or activities ECTS Total hours Language SSD
Optional
Actuarial Techniques 6 40 English SECS-S/06
Laboratory of Quantitative Trading 3 20 English SECS-P/11
Study plan rules
1 - Students must earn 9 credits for elective activities.
2 - Students must earn 3 credits by selecting an Internship/Stage.
Course location
Milano
Learning centers
Faculty of Political, Economic and Social Sciences - Via Conservatorio, 7 - 20122 MILANO
Call for application and 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