Finance and Insurance
FINASS Official website on the University portal: 2021-22 and 2022-23
Classes for the second semester will start from 20 February 2023
Timetable of lessons 2nd Semester a.y. 2022/2023
- News
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We would like to inform students that ANASF (Associazione Nazionale Promotori Finanziari) is promoting the 17th edition of the Scholarship reserved for graduates of a three-year degree course in economics, enrolled in a Master's degree course in economics and finance. The total amount of the scholarship is € 3,000 and, in the event of an ex-aequo, the prize will be divided among all participants with equal merit. The deadline for applications is 31 December 2023. The call for applications is available here (Italian version). The application form is available here (Italian version).
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On 9 March 2023, Dr. Francesca Perino (Principal Application Engineer at MathWorks) will hold the Computational Finance with Matlab seminar. The meeting will be held in Labinfo (ground floor, Faculty of Economics) at 10 a.m. To attend the event it is necessary to register using the Sapienza credentials by filling in the form at this link. Please register no later than 2 March.
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YT Investor Services S.A., a company operating in Luxembourg that provides services and consultancy for companies and investment funds, is seeking graduates or undergraduates with strong financial skills. More details about the position and the required profile can be found on the Placement page, under Proposals.
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On 27 February 2023, the elections of the student representatives were held, for the academic two-year period 2022/2024, in the Study Program Councils and in the Didactic Area Council of the Faculty of Economics.
Elections results of the student representatives in the MEMOTEF Department Council
Elections results of student representatives in the Study Program Councils and in the Didactic Area Council of the Faculty of Economics
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We would like to inform students that the new call for applications for the Erasmus+ study mobility program has been published. The deadline for completing the online application form is 6 March 2023 - 2 pm. For further information please refer to the following link.
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We inform students who are interested that the Economics and Communication for Management and Innovation (ECOMI) and Finance and Insurance (FINASS) courses are now offering their second-year students the opportunity to attend an additional training course called MINOR. The course is addressed to students of all curricula (Finance, Insurance, Financial Risk and Data Analysis). Students can apply within 15 February 2023 by filling in the appropriate form. All information about it is available here (in Italian).
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Please note that Previndai, to honor the memory of Franco Di Giovambattista, has established 3 degree prizes worth €3,000 each, aimed at recognizing and rewarding the abilities of deserving students who have prepared a master's thesis on actuarial sciences applied to social insurance in 2022. Preference will be given to subjects related to supplementary pensions. All information can be found here.
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The seminar Computational Finance with Matlab, scheduled for Tuesday, 8 November, has been postponed to a later date. The new date will be communicated as soon as possible.
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UPDATE: Dr. Blaise Bourgeois, Head of Allianz Benelux, will meet students and graduates from leading Italian universities with master's degree courses in finance and insurance to present Allianz Benelux and the knowledge required by the insurance industry. The meeting will take place online on 21 November at 4 pm. Information on how to participate will be communicated by e-mail to those who have booked.
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Regione Lazio provides scholarships to train on fundraising in Italy. These incentives are intended for students and graduates who plan to specialize in advanced training on fundraising. More information is available here (Italian webpage).
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Prof. Matthieu Garcin (Director of the Master in Quantitative Finance, ESILV - Paris) will hold two seminars on Quantitative Finance topics. The meetings will be held on Wednesday 26 October 2022 (4 pm, Aula di Matematica - Faculty of Economics, first floor) and Thursday 27 October 2022 (10 am, Aula di Matematica - Faculty of Economics, first floor). More information is available here.
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On 8 November 2022, Dr. Francesca Perino (Principal Application Engineer at MathWorks) will hold the Computational Finance with Matlab seminar. The meeting will be held in Aula Fanfani (5th floor, Faculty of Economics) at 2 p.m. To attend the event it is necessary to register using the Sapienza credentials by filling in the form at this link. Please register no later than 4 November.
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The professors of the Master's Degree Course in Finance and Insurance will meet the first-year students of all curricula. The meeting will be held on 19 October from 4 to 6 p.m., in person in Room 8a and online at this link.
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The Faculty of Economics of Sapienza University of Rome and CONSOB are pleased to invite you to the next webinar of the series dedicated to “New frontiers in financial markets and regulation”, entitled Artificial intelligen
ce, asset and wealth managemen t, which will be held on Friday, September 30th, 2022 from 10:00 to 12:00 am. Carlo Comporti, CONSOB Commissioner, and Fabrizio D’Ascenzo, Dean of the Economics Faculty at La Sapienza, will deliver the welcome address. To attend the webinar, please click here
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We would like to inform students that the course Diritto delle Assicurazioni (Prof. Adiutori) will be held on Tuesdays and Wednesdays at sala Pescatore, from 4 to 6 p.m., instead of from 2 to 4 p.m. The lessons will begin on Wednesday, 28 September 2022.
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The Faculty of Economics of Sapienza University of Rome and CONSOB are pleased to invite you to the next webinar of the series dedicated to new frontiers in financial markets and regulation, entitled ICOs, Blockchain e DLT, which will be held on Friday 15th July 2022 at 10:00 am.
Event program.
To attend the webinar, please click here
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We would like to inform students that Sapienza has announced a call for applications regarding 13 scholarships for dissertations abroad. Further information is available here (in italian)
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We would like to inform students that on May 16, 2022 at 6 p.m. Dr. Gaetano Nappi and Dr. Angelo Peirano (MSCI) will give a seminar titled "L’analisi di portafoglio tramite il modello fattoriale Barra per stimare le più opportune metriche di rischio (tra cui VaR e volatilità ex ante) e identificare e quantificare i loro maggiori contributori essenziali per la gestione di un portafoglio finanziario in linea con le aspettative" Zoom link: Aula di Matematica (here)
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We inform that the Secon Edition of Employability Lab has been started. For further details, visit the Placement page.
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We inform that the call for Erasmus+ Extra-UE a.y. 2022/2023 has been published. Deadline: February 18, 2022.
For further details click here
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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.
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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
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- Courses provided
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Advanced statistics for finance - Marco Geraci
Analisi delle serie storiche - Nina Deliu
Banking and financial regulation - Teacher to be designated
Computational tools for finance - Alberto Arcagni
Diritto del mercato e degli strumenti finanziari - Cesare San Mauro
Diritto delle assicurazioni - Anna Rosa Adiutori
Econometrics for financial markets - Stefano Galiani
Economia dei mercati e degli intermediari finanziari internazionali - Ida Claudia Panetta
ECONOMIA E POLITICA MONETARIA CORSO AVANZATO - Giuseppe Ciccarone
Economia finanziaria - Emanuele Brancati
Financial optimization and asset management - Federica Ricca
Finanza quantitativa - Immacolata Oliva
International banking and capital markets I - Valerio Pesic
International banking and capital markets II - Valentina Lagasio
LABORATORIO DI TEORIA DEL RISCHIO - Gabriele Stabile
Matematica attuariale per le assicurazioni private - Maria Giuseppina Bruno
Matematica per l'economia e l'impresa corso avanzato - Gabriele Stabile
Mathematics for finance - Stefano Patrì
Metodi e modelli per la finanza - Immacolata Oliva
Microeconomia - analisi e politiche - Luca Panaccione
Models for risk and forecasting - Teacher to be designated
Ottimizzazione finanziaria - Marco Sciandrone
Probabilità al computer - Brunero Liseo
Probabilità e processi stocastici - Barbara Vantaggi
Quantitative financial modelling - Sergio Bianchi
Risk management and capital requirements - Teacher to be designated
Stochastic processes - Andrea Tancredi
Tecnica e finanza delle assicurazioni - Paolo De Angelis
TEORIA DEL RISCHIO - Gabriele Stabile
Teoria e tecnica attuariale per la previdenza - Paolo De Angelis
- Master's Degree in Finance and Insurance
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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.
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
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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).
- Insurance Curriculum
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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).
- Financial Risk and Data Analysis Curriculum
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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 activities
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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.
- Enrollment and Scholarships
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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:
Vademecum for enrolling students (I year, only Italian citizens)
- Part-time regime
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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. - Contacts
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- Chairperson Prof. Barbara Vantaggi
- Tutor Prof. Maria Giuseppina Bruno
- Orientation delegate Prof. Immacolata Oliva
- Faculty teaching manager Setti Hermes
- Department (MEMOTEF) teaching manager Jori Gabriele
- FINASS Master's Degree Student Representatives: Chiumento Flavia, Zingaretti Stefano
- FINASS students representing students in the MEMOTEF Department Council: Saccoliti Emanuele
