Finance and Insurance

FINASS Official website on the University portal: 2020-21 and 2021-22

News
  • We inform students that, starting from October 20, the lessons of Metodi e Modelli per la Finanza (Prof.ssa Oliva) will be held from 9 to 11 am in Aula 9a, instead of Aula Fanfani.   

    The updated timetable is the following: 

    Monday 14-16 Aula Matematica 
    Tuesday 14-16 Aula Matematica 
    Wednesday 9 - 11 Aula 9a 
     

  • The Faculty of Economics offers support courses in Quantitative Methods and Economics for first-year students of the Master Program in Economics, Health Economics, and Finance and Insurance.
    The courses will be held online in English, according to the timetable available ECO and QM
    The addresses of the virtual classrooms are also available at the same links.
     

  • We inform the students that, starting from October 13, the lessons of Metodi e Modelli per la Finanza (Prof.ssa Oliva) scheduled on Wednesday are modified as follows: Aula Fanfani, 9-11
     

  • The lesson of Microeconomics - analysis and policies of Prof. Panaccione on Wednesday 20 October will take place at 18-20 instead of 14-16.
     

  • FINASS lessons will start on September 27, 2021, and will be held in-person, according to the capacity of each classroom and in order to respect the interpersonal distancing. 
    The lessons will be also available online.

    Students are strongly invited to attend lessons in person and to compulsorily reserve their seat in the classroom by using the Prodigit platform, with their student ID number and Infostud password. 

    The reservation must be made during the week before the lessons are scheduled, according to the following scheme:

    • From Tuesday to Thursday, students with final digits 00 to 49 and 50 to 99 can book seats in alternating weeks (indicated on the Prodigit system) (Example: for lessons scheduled from September 27 to October 2, students with final digits 00-49 can book seats from September Tuesday 21 to Thursday 23 );

    • From Friday to Sunday, reservations are open to everyone, regardless of the final digits of their student ID number (Example: for lessons scheduled from September 27 to October 2, regardless of the final digits of the student ID number, seats can be booked from September Friday 24 to Sunday 26).

      The students who have not registered on INFOSTUD yet are encouraged to register immediately here 
       

  • We inform you that, starting from September 13 2021, the preparatory courses on Mathematics (in Italian, prof. Patrì) will take place from 11 am to 1 pm
    Students interested in attending the course may connect to the link already provided in "Crash-courses in Mathematics" webpage.
     

  • The Faculty of Economics offers crash courses on Mathematics and Statistics, Macro and Microeconomics.
     

  • We inform you that the terms for the Erasmus+ Traineeship call (2020/2021) have been reopened. The submission deadline is September 15, 2021 (2.00 pm). 
    More information and further details on the application procedure are available here
     

  • To help undergraduate students and recent graduates in their career path, Sapienza offers some online appointments. For more information, please refer to the Employability Lab
     

  • The mathematics crash-course will start on 7 September 2021 from Monday to Friday, from 4 to 6 pm, by prof. Stefano Patrì.
     

  • From 17 June 2021, the student secretariat of the Faculty of Economics returned to its usual location in via del Castro Laurenziano 9.
     

  • SEMINARS CdLM FINASS 2021 (Updated to 10 May 2021 with "Il risk management dei rischi non finanziari")

Master's Degree in Finance and Insurance

Programme code: 30414
Faculty: Economia
Department: Metodi e modelli per l’economia, il territorio, la finanza
Duration: 2 years
Classe di Laurea: LM-16
Admission procedure: Requirements and personal knowledge assessment
 

The training contents of the Master’s degree in Finance and Insurance concern: the study, application and interpretation of mathematical and statistical models for the analysis and forecasting of financial markets and for the analysis of insurance and pension markets; the design and evaluation of innovative financial, insurance and pension products; knowledge of quantitative methods for measuring and controlling financial, insurance and social security risk; knowledge of the main regulatory and economic aspects of the financial and insurance markets; the use of high-level computational tools.

The Master’s degree program in Finance and Insurance provides graduates with quantitative methods and the main regulatory and economic aspects of the financial markets to carry out positions of responsibility in the financial and actuarial fields.
 

FINASS presentation
 

The course provides the required professional skills also with seminars and interviews held by academics and practitioners, as well as through suitable training internships at financial and insurance institutions, professional services, and consulting firms, both in Italy and abroad.

The Master’s degree in Finance and Insurance is divided into three curricula:
● Curriculum Finance (taught in Italian)
● Curriculum Insurance (taught in Italian)
● Curriculum Financial Risk and Data Analysis (taught in English)

Finance Curriculum

The Finance Curriculum is a specialized program in quantitative finance. The training offer is geared towards the acquisition of specific quantitative, economic, and legal skills, which are essential for carrying out leading positions in finance.
 

Educational objectives

The FINASS graduate - Finance Curriculum will have acquired knowledge of advanced mathematics, probability and statistics, mathematical finance and corporate finance, financial optimization, and econometrics, and will be able to put this knowledge into practice for the solution of concrete problems, managing to identify modeling most suitable theory and to apply the most suitable financial instruments for the type of problem that will be faced.

By means of high-level computational tools, he will also develop the ability to apply quantitative methods for the evaluation and management of complex financial products and financial risk, in accordance with the most recent national and international regulations.
 

Job opportunities

The main professional figures formed by the Finance curriculum are:
• quantitative analyst;
• consultant and financial intermediary;
• financial portfolio manager;
• financial risk manager;
• support and integration to financial engineering activities;
• supervisory activities at financial institutions to monitor the credit system (Bank of Italy, BCE).
 

Further details

Insurance Curriculum

The Insurance Curriculum is a specializing course in the insurance and actuarial framework. The training offer is geared towards the acquisition of specific quantitative, economic, and legal skills, which are essential for carrying out leading positions in insurance.
 

Educational objectives

The FINASS graduate – Insurance Curriculum will have acquired knowledge of advanced mathematics and actuarial mathematics, probability and statistics, business and insurance finance, and risk theory and will be able to put this knowledge into practice for the solution of concrete problems, managing to identify the most suitable theoretical modeling for the study and analysis of the insurance and pension markets.

The graduate will also develop the ability to apply quantitative methods for the assessment and management of risk in the insurance framework, in accordance with the most recent national and international regulations.

Job opportunities

The main professional figures formed by the Insurance curriculum are:
• actuary (access requirement for the State exam);
• insurance fund manager;
• actuarial risk manager;
• consulente assicurativo;
• supervisory activities at institutions that monitor the insurance system (IVASS).
 

Further details

Financial Risk and Data Analysis Curriculum

The Curriculum in Financial Risk and Data Analysis, taught in English, is a specialized course for financial data analysis. The training offer is geared towards the acquisition of specific quantitative, economic, and legal skills that students will achieve at the end of their studies. These skills are essential to create highly specialized professionals in data analysis.
 

Educational objectives

The FINASS graduate - Financial Risk and Data Analysis Curriculum will have acquired knowledge of mathematics, probability and statistics, financial time series analysis, financial optimization, and econometrics, and will be able to put this knowledge into practice for the solution of concrete problems, in collecting, organizing, and structuring data, to identify and verify the best solutions to make decisions.

Also using appropriate computational tools, the graduate will develop the ability to operate with data prediction methodologies, even in the multivariate framework to study and analyze dependencies. Finally, the graduate will be able to use the most appropriate quantitative methods and the most suitable econometric techniques for assessing and managing risk.
 

Job opportunities

The main professional figures formed by the Financial Risk and Data Analysis curriculum are:
• data Analyst in private and public financial and insurance institutions, as well as in the industrial sector;
• business Analyst in private and public financial and insurance institutions, as well as in the industrial sector;
• risk manager in private and public financial and insurance institutions, as well as in the industrial sector.
 

Further details

Further activities

The Master's Degree in Finance and Insurance provides for the provision of seminars and colloquia to complete students’ training. Seminars are held by highly qualified academics and practitioners, providing students with further knowledge that can be spent upon entering the job market.

SEMINARS CdLM FINASS 2021 (Updated to 10 May 2021 with "Il risk management dei rischi non finanziari")

Enrollment and Scholarships

Admission requirements - Finance and insurance curricula

The Master's Degree in Finance and Insurance provides for an admission procedure with assessment of requisited and personal skills.

Graduates in one of the following degree classes are considered to already possess the curricular requirements:
• L-18 (according to Ministerial Decree 270/04) - Economics and business management sciences
• L-33 (ex D.M. 270/04) - Economics
 

Personal skills

For graduates from other classes, it is required to have at least 72 ECTS acquired in appropriate disciplinary sectors specified on this webpage.

Personal skills include at least B-2 level English, and a degree grade greater or equal than 90/110. The Degree Course Council will verify personal preparation. In the event of a negative outcome of the verification, registration is still allowed.
 

Graduating students

Students from Sapienza University of Rome or other Italian universities who have not yet obtained their degree may request the requirements’ verification. The deadline for obtaining the degree and for paying the bulletin are indicated in the Announcement for enrollment.
 

Single exams to achieve the requirements

Graduated and undergraduate students from Sapienza and other Italian universities who intend to enroll in a master's degree course under the D.M. 270/04 at Sapienza University of rome and who do not meet all the required curricular requirements, can enroll in single courses before enrolling in the master's degree, benefiting from a 75% reduction on the cost of each single course.
 

Admission requirements - Financial Risk and Data Analysis curriculum

Bachelor in Economics, Business Administration or other first cycle Degree with adequate academic background (overall 72 ECTS) in:
● Business, Economics, Mathematics and Statistics (minimum 54 ECTS or equivalent credit hours)
● Quantitative Analysis (e.g., Computer science, Programming, Econometrics, etc.)
● Law
 

Minumum GPA: 75/100

Minimum English Language Requirements:

The following test scores are accepted:
● IELTS Academic 6.5 or higher
● TOEFL IbT 80 or higher
● Cambridge B2 First or higher
● TOEIC Listening & Reading 730 or higher The above requirements may be waived for students holding a degree from an accredited institution where English is the main language of instruction.
 

Further details:

Enrollment

Scholarships

Vademecum for enrolling students (I year, only Italian citizens)

Part-time regime

The part-time regime allows students to agree on the duration of their studies with the University, according to students’ needs and effort.

The application for part-time regime is irrevocable, in that once the part-time regime has been chosen students cannot go back to full-time regime. The part-time and the full-time regimes provide for the same number of required exams, but a part-time student might obtain the credits within a different time.

The part-time regime cannot be guaranteed to students enrolled in:
● old-system courses;
● incomplete courses in accordance with Ministerial Decree 270/04 or the Ministerial Decree 509/09;
● distance learning courses in agreement with Consorzio Nettuno or Unitelma Sapienza.

Further details 

Contacts
  • Chairperson Prof. Barbara Vantaggi
  • Tutors Prof. Fabio Tardella, Prof. Maria Giuseppina Bruno
  • Faculty teaching manager Setti Hermes
  • Department (MEMOTEF) teaching manager Jori Gabriele
  • FINASS Master's Degree Student Representatives: Valeria Avigliano, Paolo Razzi, Stefano Zingaretti
  • FINASS students representing students in the MEMOTEF Department Council: Flavia Chiumento, Riccardo Fazi

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