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University of Siena
Italy, Siena
Department of Economics and Statistics Italy, Siena, Piazza S. Francesco, 7/8 - 53100
Tuition fee

The tuition fee is calculated according to the country of origin and ranges from a minimum of € 756 to a maximum of € 2406 (per year). You can calculate the amount to be paid per year at this link.

Application fee €30 per programme

You will receive an e-mail with the payment instructions.

More information 


The MSc Programme in Finance is a two years course delivered entirely in English on financial applications, models and solutions from corporate, economic and quantitative perspectives. The programme covers the most important technical and quantitative aspects of finance in regular use in financial institutions.

The MSc in Finance program is intended to prepare students for a wide range of careers both inside and outside the financial industry, including advanced corporate finance, financial engineering and risk management, quantitative asset management, macroeconomic and financial forecasting, quantitative trading, and applied research.

This programme is dedicated to students who have a first degree (or equivalent) in eco¬nomics or in subjects providing quantitative and financial skills.

The MSc in Finance will provide knowledge in three main fields:

- Quantitative Area. Students study in depth the methods used in financial markets to price financial securities: basic principles of stochastic calculus, no-arbitrage principle and risk neutral (martingale) pricing, derivatives pricing, interest rate derivatives, stochastic volatility models, financial econometrics.
- Economic Area. Students are exposed to the theoretical framework of modern financial economics: microeconomic models for business and finance, models with asymmetric information and decision under uncertainty, monetary economics and central banking approaches;
- Management Area. Our fundamental courses will provide the knowledge to study financial behaviour of financial and non-financial firms and financial markets.

Moreover, regulation of financial markets will be analysed in order to learn how financial players are subject to regulation constraints.

The programme provides several international mobility programs at qualified European (Erasmus), North American and Australian universities, as well as double degree programs with the University of Ljubljana and the Romanian-American University (Bucarest). More double degree agreements are in progress.
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Programme structure

The MSc in Finance is taught entirely in English.

MIUR degree class: LM-16 Second cycle degree in Finance
Duration in years: 2
Credits: 120
Double degree: Università di Lubiana (Slovenia) or Romanian- American University – Bucarest (Romania)

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Career opportunities

Jobs in Financial Markets

Skills associated with the function
Analyst for risk and return factors of the different types of investments.
Market factors and regulatory constraints affecting trading and management strategies.

Proprietary portfolio manager.
Portfolio manager with third parties.
Trader in the financial markets.

Expert in Analysis, Control and financial risk management

Skills associated with the function
Determinants of risk and profitability factors in the different market segments. Market factors and regulatory constraints affecting portfolio and trading strategies. Measurement and control of financial risks.

Professional opportunities
- Risk manager
- Financial Consultant
- Market analyst
- Managers of financial intermediaries
- Managers in financial directorates of non-financial corporations

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Apply now! Academic year 2020/21
Application start
Nov 1, 2019
Application deadline
Jan 15, 2020 23:59
Europe/Rome time
Studies commence
Sep 28, 2020
Apply now! Academic year 2020/21
Application start
Feb 1, 2020
Application deadline
Apr 28, 2020 23:59
Europe/Rome time
Studies commence
Sep 28, 2020

Application deadlines apply to citizens of: United States