The programme is oriented to providing students with specific high-level specialisation in mathematical, statistical and computing techniques applied to financial and insurance markets and a full command of the tools required to:
i) assess financial and insurance assets consistently with commodity pricing;
ii) measure the risk of financial products and develop risk hedging techniques using both static and dynamic optimisation tools;
iii) design quantitative tools for portfolio management which are able to combine statistical information from historical sources and implied information in the current prices of financial products;
iv) design quantitative procedures for assessment, replication and hedging of life and casualty insurance products, using cutting-edge financial and actuarial statistical techniques.
For this purpose, the study programme is structured to provide:
The study programme includes quantitative learning areas, adopting instruments to develop quantitative finance applications, studies in the economic and legal fields, designing the context of application, as well as in the financial and actuarial fields, with a view to producing the professional figures targeted by this programme.
It therefore includes a large number of course units in mathematical subjects, distinguishing itself from other 2nd cycle financial degree programmes, and by the inter-disciplinary merger of contents referring to other subject areas: Mathematical Methods for Economics and Actuarial and Financial Sciences, Statistics, Econometrics, Numerical Methods and information technology, Corporate Finance. The latter sector is considered the context in which all quantitative knowledge is applied. Students are also offered the chance to carry out an internship in financial intermediation, insurance or consulting firms.
The study programme is completed with the production of an original dissertation written in English. The dissertation is produced under the supervision of a professor and both the selection of the topic and methods are evaluated to assess the student autonomous ability at identifying a problem and proposing a rigorous, applicable solution.
Laurea Magistrale (Second cycle degree/Two year Master - 120 ECTS) in Quantitative Finance (D.M. 270)
Classes will be held in the following terms: First term (from 17/9 to 21/10/2014); Second term (from 3/11 to 6/12/2014); Third term (from 16/2 to 20/3/2015); Fourth term (from 13/4 to 15/5/2015). Lesson Hours: 6 ECTS (CFU) = 30 hours.
Attività formative obbligatorie
Attività formative obbligatorie
12 crediti a scelta tra (12 CFU)
Attività a libera scelta (12 CFU)
Only 2nd year
Non-EU students with residency abroad, pre-enrolment at Italian Embassies and entry visa. Every year, a quota of reserved places for non-EU students with residency abroad is set for each degree programme.
Find out how many reserved places there are by consulting the online database on the MIUR website. For restricted access degree programmes, the quota is also indicated in the calls for applications. For enrollment, first submit your application for pre-enrolment (Form A) at an Italian Embassy (or Consulate) in the country you live in (only under exceptional circumstances can you contact an Italian Embassy in a third-party country, and in such cases the Embassy may refuse your application).
You will be able to pre-enrol for a.y. at the Italian Embassy or Consulate in your country in April/May. This page will be updated with more detailed information as soon as the Italian Ministry for Education, University and Research (MIUR) will set pre-enrolment deadlines for a.y.
Important: pre-enrolment at the Italian Embassy alone does not grant admission to degree programmes. In order to matriculate you also need to complete the admission procedures required by the University of Bologna for the degree programme you have chosen.
You must take the following documents to the Italian Embassy:
You must obtain the following documents from the Italian Embassy:
Italian language test and exemptions from the reserved quota for non-EU students with residency abroad
If you are a non-EU students with residency abroad and you want to enrol in a degree programme taught in the Italian language, you must successfully pass an Italian language test. After passing the Italian language test, you also need to complete the admission procedures set for the degree programme you have chosen. The University of Bologna offers Italian language courses to international students.
The University of Bologna offers Unibo Action 2 study grants to deserving international students, who wish to register for Second Cycle Degree Programmes in A.Y. 2014/2015.
The grants, worth 11,000 gross, are assigned on the basis of the GRE (Revised General Test) test scores. Read the full information on the requirements and the application procedure in the call for applications, available on the website of the University of Bologna.
The deadline to apply for these grants is March 31st, 2014.