About the course


The Master degree (Laurea Magistrale, LM-16) in Finance and Economics (MEF) of the University of Milan aims at offering an exclusive and high-quality study programme. This internationally-oriented master degree is intended to provide students with both an excellent academic training and operational skills, as well as with a promising outlook for a future career in today’s challenging financial markets and the global economy.

Due to the growing complexity of today’s economics and finance, expertise only in economics or, conversely, in quantitative methods are not enough to face everyday challenges. The Master degree in Finance and Economics is organized to provide knowledge on both the economic dynamics and the behaviour and history of financial markets, to build sound foundations of quantitative and numerical methods and to give insights of decision making under uncertainty and the fundamentals of risk analysis. Indeed, recent and repeated financial crises have proven that mathematical thinking and economic theories cannot be considered separately from historical analyses and regulatory mechanism.

A well-balanced study track builds strong quantitative skills coupled with a sound knowledge of advanced economics and finance, as well as of the underlying theory of decision making under uncertainty and risk analysis. Students will also learn how to apply such tools and models to the solution of complex financial problems and the understanding of the functioning of international markets.

 

During their second year, students of the Master degree in Finance and Economics might choose to specialize further in one of the two fields of Financial Economics and Quantitative Finance. Working closely together with our outstanding faculty, students will benefit from their knowledge and international scientific networks as well as strong links with companies. They might also attend seminars, laboratories and other activities organized on a yearly basis by the  Department of Economics, Management and Quantitative Methods.

Graduates of this master course will receive advanced training on quantitative methodologies and tools suitable to interpret and analyse the economic and financial phenomena and to operate directly on financial markets or within international economic institutions. The study programme is designed to provide students with sound background through the development of topics characterizing economic theory, analysis of international financial markets and 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 enable students to acquire skills 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, is devoted to 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 strong background in economics and finance provided by this Master programme will further ease the preparation to the admission procedures to several international PhD programs in the areas of Finance and Economics for those students wishing to continue their career in the academic field.

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