FINANCE AND ECONOMICS (MEF) - Classe LM-16 (EX ECONOMICS AND FINANCE)-Enrolled from 2017/2018 academic year till 2020/21

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 in quantitative methodologies and tools suitable to interpret and analyze economic and financial phenomena and will be able to operate directly on financial markets or in international economic institutions. The study program is designed to provide students with a solid background through the development of topics of economic theory, analysis of financial markets and the theory of decision making under risk and 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 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, Quantitative Economics, is dedicated to the training of professional economists capable of operating at national/international, public/private institutions (including the academia) or at the level of central government in both the financial and economic spheres.
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 sector intended in a broad sense.
The master course in Finance and Economics aims at forming the following professional profiles.

Profile: Consultant and financial adviser.
Functions: the professionals included in this category make suggestions for investment and give technical advice to managers on whom 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 as well as financial and credit risks.
Career opportunities: They operate in the office of financial management of banks, investment firms, investment funds, commercial and investment banks, financial intermediaries, for research and financial statement purposes. They also work as private consultants.

Profile: Operator and analyst of financial markets.
Functions: the figures included in this category act directly 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, the execution 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, commercial and investment banks, financial intermediaries, for research and financial statement purposes.

Profile: Academic researcher, or researcher in research-departments within economic and financial institutions, both national and international.
Functions: the occupations included in this category exercise active research-functions of high responsibility in the fields of finance and economics within institutions and firms (both private and public, national and international).
Skills: baggage of theoretical knowledge in the economic-legal-financial fields aimed at doing active research (both theoretical and applied) in economic institutions and private companies, or else in banking and financial institutions operating in national and international contexts.
Career opportunities: They operate in universities, research-centers, research-departments of public/private firms, research departments of banks and similar institutions, or research-departments of international and governmental institutions.

Profile: Operators in the management and implementation 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 economic development as well as business development (i.e., business market expansion within the international arena).
Skills: baggage of theoretical and operational knowledge in the fields of managerial development and economic development/growth; strategic management of international and multinational firms; legal and administrative regulation of markets; analysis of the processes of economic globalization, and the economic policies that govern such processes.
Career opportunities: They operate in companies (private or public companies of industry, trade, business services, banks and similar institutions) strongly oriented to internationalization and market-expansion (multinational firms), and in international and governmental institutions oriented to economic development.

Employment statistics (Almalaurea)
To attend the Master program in Economics and Finance it is necessary to demonstrate to have strong knowledge of mathematics, economics and statistics at the 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 (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- 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 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.

As for the English language knowledge, a level C1 or higher (according to CEFR) properly certified (preferably through the TOEFL-test) is required. In the absence of any certification the Admission Committee reserves the right to not admit the candidate to the programme.

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 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.
Applicants who obtain a score greater or equal to 80 points and satisfy the English knowledge requirements can be subject to further interview before admission.
Applicants not submitting any English knowledge certification (preferably the TOEFL-test) will be excluded even if they exceed the 80 points-threshold.
One of the most effective policies adopted by theEuropean Union in the last few 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 building research and education networks, so that students' activity abroad (including the development of the final dissertation) can be successfully supervised. Short exchange programs are actually in place with the HSBC Business School - Peking University Shenzhen (China), Plekhanov Russian University of Economics (Moscow, Russian Federation), just to mention some.
course year not available
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
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 60 English SECS-S/01
Statistical Methods for Finance 6 40 English SECS-S/01
Not specified period
Courses or activities ECTS Total hours Language SSD
Compulsory
Financial Investments and Corporate Finance 12 80 English SECS-P/09 SECS-P/11
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 Bank Loan Pricing 3 20 English SECS-P/01 SECS-P/02
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 year not available
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
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 60 English SECS-S/01
Statistical Methods for Finance 6 40 English SECS-S/01
Not specified period
Courses or activities ECTS Total hours Language SSD
Compulsory
Financial Investments and Corporate Finance 12 80 English SECS-P/09 SECS-P/11
course year not available
First trimester
Courses or activities ECTS Total hours Language SSD
Compulsory
Decision Theory and Behavioural Economics 6 40 English SECS-P/02
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
Undefined
Courses or activities ECTS Total hours Language SSD
Compulsory
Money and Finance 6 40 English SECS-P/01
Not specified period
Courses or activities ECTS Total hours Language SSD
Compulsory
Asset Pricing and Financial Contracts 12 80 English SECS-P/01
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 Bank Loan Pricing 3 20 English SECS-P/01 SECS-P/02
Laboratory of Quantitative Trading 3 20 English SECS-P/11
Course location
Milano
Learning centers
Faculty of Political, Economic and Social Sciences - Via Conservatorio, 7 - 20122 MILANO
Presidente del Collegio Didattico
ALBERTO BUCCI
Contacts