Study location	Italy, Siena, Piazza San Francesco 7/8 - 53100 - email: didattica.sem@unisi.it
Academic field	Finance (JACS N300)
Type	Master's Degree, full-time
Nominal duration	2 years (120 ECTS)
Study language	English
Awards	MSc (LM-16 Second cycle degree in Finance)

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	€40 per program You will receive an e-mail with the payment instructions.

Entry qualification

Bachelor/Undergraduate diploma (or higher) Admission criteria To be admitted to the MSc in Finance, candidates should possess a solid academic background in the following areas of study: economics, management and business, mathematics, statistics. Knowledge must include basic calculus, the economics of financial markets and principles of financial mathematics. Normally, students admitted hold a three-year university degree (bachelor). Admission requirements depend upon the first level degree obtained by the student: • Degree in business or economics: at least 12 ECTS (or equivalent) in mathematics for economics and finance and at least 8 ECTS (or equivalent) in finance or corporate finance. • Degree in science (including mathematics) or engineering: at least 18 ECTS (or equivalent) in mathematical methods and at least 8 ECTS (or equivalent) in finance or corporate finance or, alternatively, at least 8 ECTS (or equivalent) in financial mathematical modelling. • Other degrees: at least 30 ECST (or equivalent) in economics, at least 8 ECTS in finance or corporate finance, at least 30 ECTS in mathematical methods. A final first level degree grade of at least 100/110 (or equivalent) is also required. All applicants must have English language skills at least at level B2 of the Common European Framework of Reference for Languages (CEFR), as well as computer skills at least equivalent to the ECDL core. Click here for further information. Evaluation The application is evaluated by an Examining Board, which checks that the requisites for admission are satisfied and assesses the candidate’s skills and competencies. Candidates may be required to sit for a written exam and/or an interview, aimed at verifying their skills and competencies. Click here for further information. After the evaluation You will be notified about acceptance approximately in one month after the deadline for the intake you applied. The entry qualification documents are accepted in the following languages: English / Italian. Often you can get a suitable transcript from your school. If this is not the case, you will need official translations along with verified copies of the original. Procedures at the Italian Diplomatic Representatives Non-EU citizens Non-EU citizens are invited to contact the Italian Diplomatic Representation of their countries as soon as possible in order to obtain all the required documents for the pre-enrollment at the University of Siena and for information regarding the VISA process. EU citizens – Non EU citizens with regular permit to stay – Italians with degrees obtained abroad They must contact the appropriate Italian Diplomatic Representation in order to obtain all the documents required for enrollment in the University of Siena.

Territory requirements	Applications are accepted from the following territories (based on citizenship): World.

Language requirements	English Check the English requirements at the following link admission.unisi.it/?p=1944

Other requirements	A statement of purpose must be added to your application.

More information	finance.unisi.it/en

Overview

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.
Click here for further information.

Program 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)

Click here for further information.

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.

Jobs
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

Click here for employment information.