MSc in Banking and Finance
Università Cattolica del Sacro Cuore
Key Information
Campus location
Milan, Italy
Languages
English
Study format
On-Campus
Duration
2 years
Pace
Full time
Tuition fees
Request info
Application deadline
09 May 2024*
Earliest start date
Sep 2024
* May 9th: final deadline for non-EU students who must apply for a study visa / June 27th: other students
* Tuition fees depend on fiscal residency and range from € 3,800 to € 10,400
Introduction
The Banking and Finance program is a specialized degree designed for students who wish to concentrate their careers in financial markets and institutions. The program provides advanced training in the key areas of trading and risk management. A significant feature of this program is the combination of strong analytical foundations and applications that deal with real-world issues.
Students will learn to integrate financial models, firm-specific as well as industry and economic factors in their decision-making process.
In this program, students will access meetings with highly qualified speakers from areas such as the financial industry, internship programs in major Italian and international financial institutions, and exchange programs in European and American universities.
The degree is accredited by the CFA (Chartered Financial Analyst). The Faculty of Banking, Finance, and Insurance Sciences has also activated an agreement with the Italian Association of Analysts and Financial Consultants (AIAF), allowing students to be admitted at no cost for the first year and with a reduced membership fee for the next three years. For the international diploma CIIA® (Certified International Investment Analyst), this agreement will waive the Foundation exam and give direct access to the Final exam at a reduced fee.
Degree program
The degree program in Banking and Finance offers its students the possibility of obtaining a double qualification after their study path:
- M.Sc. degree in Banking and Finance (Università Cattolica del Sacro Cuore) and Diploma in Accounting and Finance (London School of Economics, UK)
- M.Sc. degree in Banking and Finance (Università Cattolica del Sacro Cuore) and M.Sc. in Mathematical finance or MSc in Economics (UNC Charlotte, USA)
- M.Sc. degree in Banking and finance (Università Cattolica del Sacro Cuore) and M.Sc. in Global Finance (Fordham University, USA)
- M.Sc. degree in Banking and finance (Università Cattolica del Sacro Cuore) and MSc in Banking and International finance (BIF) or M.Sc. in Corporate Finance (MF) or M.Sc. in Finance (Bayes Business School, UK)
- M.Sc. degree in Banking and finance (Università Cattolica del Sacro Cuore) and M.Sc. in Finance (HSE-Saint-Petersburg, RUS)
- M.Sc. degree in Banking and finance (Università Cattolica del Sacro Cuore) M.Sc. in International Financial Management (University of Groningen, Netherlands)
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Admissions
Scholarships and Funding
Non-European residents
Candidates can request the “UCSC International Scholarship” while filling out the online application.
The UCSC International Scholarship is an annual tuition fee reduction promoted by Università Cattolica to foster the access of international students to degree programs.
The discount covers about 37% of the total cost.
Applicants are notified of the award by email when they receive an offer for admission.
For the academic year 2022/23, the tuition fee applicable to students who receive the UCSC International Scholarship is € 6,050.
This scholarship is automatically extended from year to year for the normal duration of the degree program. Successful candidates must maintain full-time enrolment status to finish their degrees on time. Should the candidate not graduate on the expected date, all additional costs will be at the student’s expense.
If students receive other forms of financial aid (scholarships and accommodation offered by EDUCatt), the UCSC International Scholarship will not be awarded.
Curriculum
First-year
- Advanced Financial Accounting - 5 ECTS
- Advanced microeconomics - 5 ECTS
- Applied econometrics - 8 ECTS
- Applied statistics for finance - 6 ECTS
- Corporate finance - 8 ECTS
- Derivative securities pricing - 8 ECTS
- Monetary economics - 6 ECTS
- Principles of financial regulation - 10 ECTS
- Quantitative methods for finance - 8 ECTS
Second year
- Investment risk management - 4 ECTS
- Market microstructure - 8 ECTS
- Risk management - 8 ECTS
- Foreign language (French, German, Spanish, or Italian for international students) - 4 ECTS
- Electives* - 12 ECTS
- Final dissertation- 20 ECTS
*Elective courses list
- Corporate governance and social responsibility - I part - 4 ECTS
- EU risk governance regulation - 5 ECTS
- International corporate finance - 8 ECTS
- International financial markets - 4 ECTS
- Project management - 8 ECTS
- Real estate finance - 4 ECTS
- Stage/Internship - 8 ECTS
Career Opportunities
Graduates from the program will gain both the technical knowledge and the methodological tools suited to pursue professional and managerial careers in banks, asset management companies, securities firms, large corporations (particularly in the Treasury and Finance departments), and regulators.
Professional consulting positions in all areas of banking and finance nationally and internationally are, of course, another option too.