OPEN DAY Welcome to your future!
Economics and Finance EF Master degree
DATE December 11, 2023
Why choosing the EF master • MSc EF responds to the growing complexity of the economic-financial system in the era of digitalization, information, and big data. • EF offers a balanced education between a theoretical background and empirical and quantitative skills. • EF program matches the benefit of small classes, which allows also for relational and communication abilities, with a flexible program that can be tailored to suit your career goals.
Why choosing the EF master • EF program prepares you for: a) an Actuary Exam b) a CFA exam (accreditation by the Chartered Financial Institute) • EF meets the expectations of very motivated students who are passionate about finance, economics, risk analysis and data science in a challenging environment.
Career opportunities Our graduates will acquire a solid knowledge in corporate finance, banking, economics, mathematics, and specific programming skills necessary to analyze and manage financial, insurance, and pension products, as well as to operate in the financial markets.
The aim is to prepare our graduates for a career in highly qualified jobs, such as in the dynamic world of banks, insurance companies, consulting and auditing companies, securities firms, asset management companies, and other types of financial intermediaries, as well as in other major institutions, like central banks, regulatory agencies, sovereign wealth funds, and international organizations.
Career opportunities: profiles & employers Risk managers • are experts of risk assessment and management of financial and insurance products; • know the international regulatory frameworks for the finance and insurance sector; • have the methodological knowledge to identify, describe, estimate and handle the financial and insurance risks. Employers include: Consulting companies, supervisory authorities, banks and insurance companies and financial intermediaries, fund managing companies.
Career opportunities: profiles & employers Financial analysts and portfolio managers • are experts of risk management and investment strategies; • design, evaluate, manage and propose portfolios of complex financial products with awareness of the systemic concept of financial sustainability; • have the skills to develop and implement statistical and mathematical models for financial data analysis, risk assessment and portfolio optimization. Employers include: Banks, companies in the fintech and data analytics sectors, insurance companies, Supervisory and regulatory authorities, financial intermediaries, consulting and auditing companies, private equity firms, independent consulting.
Career opportunities: profiles & employers Corporate finance experts • • •
propose and implement the development strategies of a company with reference to its financial implications; have the methodological knowledge of principles of accounting, corporate finance, investment and business valuation; are consultant on financial planning, financing operations, company valuation, mergers and acquisitions, capital structuring and risk management.
Employers include: Financial functions in companies, Investment banks and commercial banks in corporate support functions, Consulting and auditing company, Independent consulting.
Career opportunities: profiles & employers Financial economists • are experts of the economic and financial systems, both at the micro and macro level, able to develop empirical analysis, by using advanced statistical and econometrics methods, and have the economic knowledge to interpret the results; • have the skills to carry out theoretical and empirical research activities in a digital and green perspective in many fields, such as fields: financial markets, sustainable finance, and economic growth. Employers include: Research centers, consulting companies, competition and markets authorities, national and international agencies (e.g. ministries, central banks and European Union institutions), Universities, non-profit organizations, economic press agencies.
Topics and subjects Economics: Advanced Micro and Macroeconomics, Economic Growth and Sustainability, Public Policies for Sustainability and the Environment, Financial Economics and International Institutions, Advanced International Economics, Central banking policies for Sustainability Finance, Insurance and Banking: Advanced Corporate Finance, Corporate & Investment banking, Market credit and operational risk measures, Fintech and digital finance, Insurance methodologies and techniques, Risk management and derivatives, Bank and Insurance Management, International Accounting, Sustainable finance, Asset pricing and risk analysis, Asset Management and Private Banking Applied Mathematics & Statistics: Statistics and probability for economics and finance, Mathematics for economics and finance, Financial econometrics, Financial and Insurance Risk modeling. Data analysis: AI and machine learning for finance, Coding for Finance Law: Financial Instruments law, Banking Insurance and financial market law
Three curricula 1. Economics, Finance and Sustainability (EFS) 2. Quantitative Finance and Insurance (QFI) 3. Investments Banking and Finance (IBF)
Three curricula The EFS, QFI and IBF curricula share some common courses such as: • Advanced Micro and Macroeconomics, • Mathematics for Economics and finance, • Financial Instruments and digital finance, • Financial Instruments Law. • The program is flexible thanks to some elective courses that can be tailored to suit the student’s career goals, even if each curriculum specializes itself (EFS in sustainable economy and finance, QFI in quantitative tools for finance and Insurance and IBF in corporate finance and financial intermediaries).
Study plan Economics, Finance and Sustainability First Year Credits Statistics and Probability for Economics and Finance 9 Economic Growth and Sustainability 6 Public Policies for Sustainability and the Environment 6 Mathematics for Economics and Finance 9 Financial Economics and International Institutions 6 Advanced Microeconomics and Macroeconomics Mod 1: Advanced Microeconomics 6 Mod 2: Advanced Macroeconomics 6 Financial Instruments & Digital Finance Mod 1: Financial Instruments & Markets 6 Mod 2: Blockchain & Digital Finance 6 Total first year credits 60
Second Year
Credits
Advanced International Economics Central Banking Policies for Sustainability
9
Financial Instruments Law
6
Elective courses
12
6
One course among: AI and Machine Learning for Finance
6
Advanced Corporate Finance
6
Financial Econometrics
6
Sustainable finance
6
Soft and Complementary Skills
3
Final dissertation
18
Total second year credits
60
Study plan Quantitative Finance and Insurance First Year Statistics and Probability for Economics and Finance Coding for Finance Asset Pricing and Risk Analysis Mathematics for Economics and Finance AI and Machine Learning for Finance Advanced Microeconomics and Macroeconomics Mod 1: Advanced Microeconomics Mod 2: Advanced Macroeconomics Financial Instruments & Digital Finance Mod 1: Financial Instruments & Markets Mod 2: Blockchain & Digital Finance Total first year credits
Credits 9 6 6 9 6 6 6 6 6 60
Second Year Credits Financial Econometrics 6 Financial and Insurance Risk Modeling 6 Insurance Methodologies and Techniques 6 Elective courses 12 One course among: Financial Instruments Law 6 Banking, Insurance and financial markets law 6 One course among: Central Banking Policies for Sustainability 6 Market, Credit and Operational Risk Measures 6 Corporate & Investment banking 6 Bank and Insurance Management 6 Final dissertation Total second year credits
18 60
Study plan Investments, banking and finance First Year Credits Advanced Corporate finance 6 International Accounting 9 Bank and Insurance Management 9 Mathematics for Economics and Finance 9 Asset Management and Private Banking 9 Advanced Microeconomics and Macroeconomics Mod 1: Advanced Microeconomics 6 Mod 2: Advanced Macroeconomics 6 One course among: Financial Instruments Law 6 Banking, Insurance and Financial Market Law 6 Total first year credits 60
Second Year Market, Credit and Operational Risk Measures Risk management and derivatives Corporate & Investment Banking Elective courses One course among: AI and Machine Learning for Finance Financial Econometrics Fintech and digital finance Sustainable finance Final dissertation Total second year credits
Credits 9 9 6 12 6 6 6 6 18 60
Learning activities • Crash courses to help students with difficulties to attend classes and pass the exams: mathematics, corporate finance, economics. • Teaching quality program: msc in ef provides well-round educational activities, inside and outside the classroom, that promote teamwork skills, ability to present and discuss the results of one’s work effectively: advanced report writing; public speaking; hackaton; entrepreneurial skills. • A wide variety of extra-curriculum courses, thematic workshops and the involvement in ongoing international research, including the opportunity to interact with the important scholars and managers in the sector round out the learning experience.
Opportunities: stages and internships Learning process is enhanced by direct involvement of the students in internship/stage. It is geared toward the choice of the professional path and to the knowledge of the job market
• Private Sector: Deloitte, Compass-Lexecon, Intesa San Paolo, Promontory… • Public Sector: ANIA, ISTAT, ... • International institutions: World Bank, IMF, Inter American Development Bank,…
International opportunities Erasmus program: https://en.unibg.it/global/going-abroad/erasmus • • • • • •
Maastricht University (The Netherlands) Universität Augsburg (Germany) ESC Clermont, Graduate School of Management (France) EDC Paris Business School (France) Ulster Business School (United Kingdom) Geneva School of Economics and Management (Switzerland)
Admission requirements • •
Admission requirements are available at: https://ls-ef.unibg.it/en/how/how-enroll Students holding an Italian bachelor degree in classes L-18 or L-33: - Direct admission if the final mark at the Bachelor is at least 81/110. - An interview if the final mark at the Bachelor is below 81/110. • Students holding an Italian bachelor degree in classes other than L-18 or L-33 - A minimum of 24 CFU in the following areas: Economics, Statistics, Mathematics, Business and Management. - An interview if the final mark at the Bachelor is below 81/110. • For all applicants: knowledge of English language corresponding to level B2, according to the Common European Framework of Reference for Languages (CEFR). • Students not yet graduated in October 2024, but scheduled for graduation on the Spring Session 2025 can enroll, under reserve, given that the missing exams do not overcome 24 CFU.
Admission procedures • Apply through the web-site: Dreamapply at the link https://app ly.unibg.it/ where you need to upload all the documents required. • For Foreign Students: On the web-site there is a very welldefined procedure explained step by step at the link: https://en.unibg.it/study/enrollment/foreign-students-join-us • For any question concerning the applying procedure: please, refer to the International Office Ticket service: https://helpdesk.unibg.it/helpdesksegrestud/index.php
When to apply First call: November 7, 2023 - January 15, 2024 • Applications: November 7, 2023 – January 15, 2024 • Online admission interview: by February 28, 2024 • Ranking publication: by March 31, 2024 Second call: January 1, 2024 - January 31, 2024 • Applications: January 1, 2024 - January 31, 2024 • Online admission interview: by March 27, 2024 • Ranking publication: by April 30, 2024
Scholarships University of Bergamo supports students through scholarships, international mobility contributions, graduation awards and special contributions. Notices for open rankings can be found on https://en.unibg.it/life-at-unibg/students-office/scholarships Applications can be made online: for any other information please contact directly the Right to Education Service.
Other useful services • Student Office • IT and language laboratories • Press center • Sport University center • Canteen • Libraries • Study rooms
Contacts For further information Prof. Sergio Ortobelli Lozza Program director sergio.ortobelli@unibg.it
Web sites
https://en.unibg.it https://dse.unibg.it/en https://ls-ef.unibg.it/en
Prof. Raffaele Fiocco Vice-Director raffaele.fiocco@unibg.it economia@unibg.it Find out more