The Banking and Finance program is a specialized degree designed for students who wish to concentrate their career 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 have access to 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 US universities.
Graduates from the Banking and Finance program will gain both the technical knowledge and the methodological tools suited to pursue professional and managerial careers in banks, asset management companies, security firms, large corporations (particularly in the Treasury and Finance departments), and regulators. Professional consulting positions in all areas of Banking and Finance represent another option for graduates.
First year credits
● Advanced financial accounting (5 ECTS/CFU)
● Advanced microeconomics (5 ECTS/CFU)
● Applied econometrics (8 ECTS/CFU)
● Applied statistics for finance (6 ECTS/CFU)
● Corporate finance (8 ECTS/CFU)
● Derivative securities pricing (8 ECTS/CFU)
● Monetary economics (6 ECTS/CFU)
● Principles of financial regulation (10 ECTS/CFU)
● Quantitative methods for finance (8 ECTS/CFU)
Second year credits
● Investment risk management (4 ECTS/CFU)
● Foreign language (French, German, or Spanish)* (4 ECTS/CFU)
● Market microstructure (8 ECTS/CFU)
● Risk management (8 ECTS/CFU)
● Electives (12 ECTS/CFU)
● Thesis (20 ECTS/CFU)
* The foreign language course can be anticipated to the first year. The language of instruction of the French and Spanish foreign language course is taught in English. German is taught in Italian.
Elective courses list Business area
● Corporate governance and social responsibility - I part (4 ECTS/CFU)
● International corporate finance (8 ECTS/CFU)
● International financial markets (4 ECTS/CFU)
● Project management (8 ECTS/CFU)
● Real estate finance (4 ECTS/CFU)
● Stage/Internship (8 ECTS/CFU)
NB: Upon submitting the study program for the first Master’s degree year, students may insert up to 12 ECTS relative to the teachings of the second year.
The financial district, including the Italian Stock Exchange, is located only ten minutes from our campus, a prime vicinity for those students who plan on studying in the field of Banking and Finance.
Cattolica takes great pride in its program contributors. Both academics and professionals from the field teach at our University. Special guests and renowned experts will enhance your learning experience at Cattolica.
Cattolica’s Career Service will help orientate you along the paths of research, internships and employment, providing you with highly valuable information and support.
At Cattolica, international students should never fear being alone. We have invested in a range of services which ensure that our international visitors are fully supported. Our objective is to guarantee that the unique Cattolica welcome is there for all.
The Master in Finance, Insurance and Risk Management aims at preparing students for high level careers in investment, private and commercial banking, securities design and trading, risk and asset management, risk management, asset allocation and actuarial sciences with the strong quantitative background in view of the challenges posed by solvency II.
Students are most welcome to join research departments of government agencies and central banks too, in insurance and consulting companies as well as in regulatory agencies. It is a truly international program entirely taught in English. Students receive a II level Master from the University of Torino as well as a Collegio diploma.
The placement record for previous graduates is excellent and includes a large variety of firms, banks, and organizations in the financial industry such as:
Abalone Asset Management - AIB Bank - Allianz Bank - AlmavivA - Amundi - Banca IMI - Banca d’Italia - Bancoposta Fondisgr - Bank of England - BIM - BIP - BNP Paribas - Banca Aletti - Banca Centrale Europea - Banca Leonardo- Banca Profilo - Cass Business School - Citigroup - Compagnia di San Paolo -Crédit Agricole - D&B Consulting - Deutsche Bank - Enel - ERSEL - Eurizon European Bank for Reconstructionand Development - EuroTLX - EY - Ferrero Spa Finance - Fiat Finance - Fideuram - Finanziaria Internazionale- Fitch Ratings - Generali Assicurazioni - Intesa Sanpaolo - JP Morgan Luxembourg - KPMG - Mediolanum -Macedonia Ministry of Finance - Money Farm - Monte dei Paschi di Siena - PricewaterhouseCoopers - Prometeia- Reale Mutua - Royal Bank of Scotland - Sella - State Street Bank - Symphonia sgr - UBI - UBM - UniCredit- Unipol SAI - VesselsValue.com
FEES AND SCHOLARSHIPS
Annual tuition fees for the Master program are € 15,000. They are comprehensive of course materials, use of the Collegio and University facilities, access to on-campus seminars, access to the Library and online databases of the Collegio and University. Tuition waivers are awarded to applicants according to the admission ranking.
Applications are welcome up to April 30th, 2018.
Late application deadline: June 30th, 2018.
STRENGTHS OF THE PROGRAM
Our two-year Master degree in Economics and Finance aims to develop capabilities to understand economic and financial phenomena, expert technical knowledge to interpret and manage complex financial issues, and develop and assess public policies.
This graduate course helps students acquire advanced capabilities to analyze economic and financial phenomena. The course prepares students to pursue activities of a specialized nature in research and in executive entry-level positions at financial institutions, companies and in national and international government institutions.
The course has two curricula, Economics and Banking and Finance. The first provides the students with rigorous and state of the art training in applied economics, economic theory and econometrics. The second focuses on Banking and Finance with an original perspective, stressing economic reasoning, analysis of financial institutions, regulatory design, and computer applications. Both tracks share a common base of core courses providing advanced analytical tools in the field of economics, econometrics and business finance.
The course is for students who want to specialize in the fields of economics and finance and banking.
The course prepares graduates to work in the areas of management. In sectors such as banking, insurance, asset management, consulting firms, stock exchanges, supervisory authorities, government and public service companies, international organizations.
The University of Padova, the Veneto Region and other organisations offer various scholarship schemes to support students. Below is a list of the funding opportunities that are most often used by international students in Padova.
You can find more information below and on our website here: http://www.unipd.it/en/studying-padova/funding-and-fees/scholarships
You can find more information on fee waivers here: http://www.unipd.it/en/fee-waivers
The Master in Economics and Finance is a graduate program, that allows students to complete their training in economics providing them with a thorough understanding of the role and working of the state in modern economies.
The Master is a full-time, intensive course, with a maximum enrollment of 20 students. The Master offers courses taught in English and it is accessible to students of all countries. The diploma, issued by Università Cattolica, is recognized as a second level Master’s degree by the Italian Government.
The Master will allow students to acquire the needed knowledge and research experience in order to pursue further studies with a Ph.D. in Economics; allow them to integrate their academic experience with professional skills of theoretical and practical relevance.
Graduate students are invited to take part in the Seminar series, which is organized by the Department of Economics and Finance on a weekly basis. During the last two years, it has featured scholars from top European and U.S. Institutions, such as Northwestern University, University of Southern California, University of Maryland, European Central Bank, CEMFI-Madrid, Université de Toulouse, Tel Aviv University, Queen Mary College of London, and Universitat Autònoma de Barcelona.
Our research environment also benefits from many initiatives, such as the “Annual Lecture” in Political Economy, which, in recent years, has been delivered by prominent academics such as James Robinson (Harvard University), Peter Howitt (Brown University), Howard Rosenthal (Princeton University), and Daron Acemoglu (Massachusetts Institute of Technology - MIT).
Students will be able to integrate their academic experience with professional skills of theoretical practical relevance for building a professional career in the research departments of banks, governments, and international organizations such as IMF, World Bank, OECD and ILO.
1st term (November 2018 - December 2018)
● Mathematics (8 ECTS/CFU)
2nd term (January 2019 - April 2019)
● Econometrics (10 ECTS/CFU)
● Microeconomics - Advanced Course (10 ECTS/CFU)
3rd term (April 2019 - July 2019)
● Macroeconomics - Advanced Course (10 ECTS/CFU)
● Research methods (6 ECTS/CFU)
● Public economics \ Corporate finance (8 ECTS/CFU)
4th term (September 2019 - October 2019)
● Project work (8 ECTS/CFU)
The Master is granted upon the completion of all coursework and of a research project by which the candidate shows her/his ability to dominate the topics covered in the coursework undertaken in the first three terms. Typically the research project takes the form of a research paper written under the supervision of a faculty member or of a researcher approved by the Director of the Master. Under certain circumstances, a student may be given the opportunity to undertake an internship on a project that is evaluated by the Director of the Master being consistent with the Master goals. In these cases, the research paper can be substituted by an essay detailing the results achieved during the internship, to be written under the supervision of a faculty member and/or of the external tutor supervising the internship activity.
The emphasis on political/public economics provides an ideal starting point for careers in central banks, governments and international organization such as ILO, IMF, or the World Bank. At the same time, the emphasis on finance paves the way for a career in the private sector in fields such as corporate finance, as well as asset and wealth management.
The Master provides students with all the essential tools and concepts to become accomplished economists. All courses are taught at an advanced level and are designed to build the key competences for successfully dealing with the demands of the best Ph.D. programs in Economics, or for starting a career in leading research institutions.
All scholarships are assigned on a merit basis and will be mostly given to students who apply by the priority deadline. Some scholarships may also target specific geographic regions.
Scholarship value: yet to be determined
Companies tend to employ graduates who have developed awareness to issues of internationalization, who are competent to work in multinational working groups, who can analyze global markets, and those who can deal with the management of major projects. The Global Business Management program aims to endow students with the listed skills so as to enable them to quickly adapt to an international environment, whilst understanding the dynamics, and knowing how to effectively identify solutions to managerial problems in such settings.
The curriculum presents two types of courses: subjects relating to the managerial disciplines (strategy, HRM, accounting), and subjects relating to business issues and problems typically associated with the processes of internationalization of firms and the understanding of economic issues (managerial economics, financial reporting and performance measurement, business and government relations). This is done to balance traditional knowledge of management with the specialization and the development of specific internationalization-oriented skills. The ourses intend to develop the capability to work in different social and cultural contexts, and to review, develop and implement the issues that typically arise when firms go global.
Graduates from the Global Business Management program are exposed to a wide range of career opportunities.
Graduates will have both the technical knowledge and the methodological tools suited to pursue professional and managerial careers in large multinational, domestically owned corporations and international institutions. Yet their learning of abilities of how to deal with international and multicultural issues should also enable them to work within smaller companies, where flexibility and the ability to adapt comes first. Graduates from the program are given the unique opportunity to take advantage of the interaction with guest speakers coming from the most innovative business models
-International human resource management
-Business government relations
-Strategy and international business
-Economics of globalization
ELECTIVE (three of the following):
Small business management
-Management of international organization and NGOs
-Economics in the media
-Financial markets and institutions
-Seminar on ethical issues
The relationship between the students and the professors is an added value at Cattolica’s Piacenza campus. Students are stimulated and encouraged to achieve their goals by showing competitiveness and ambition, preparing them for an ideal array of future job opportunities.
The economy of the province of Piacenza is based on, Small and Medium-sized Enterprises (SMEs), active mainly in manufacturing, services and construction industries, sectors on which the events held at Piacenza Exhibition Center are focused.
The Career Service at Cattolica’s Piacenza campus provides support to students by helping them find relevant internships and placements related to their studies.
During the Global ogram, options to study abroad will be offered. A Study abroad can come in different forms, from Erasmus programs to visiting semesters at the International Partnership of Business schools (IPBS) partner institutions.
Candidates need to satisfy the English language proficiency requirement in order to submit their application.
MathMods is a 2-year Joint MSc programme which can be taken in 5 EU universities: University of L’Aquila in Italy (UAQ), Vienna University of Technology in Austria (TUW), Autonomous University of Barcelona in Spain (UAB), Hamburg University of Technology (TUHH) & University of Hamburg in Germany (UHH), and University of Nice - Sophia Antipolis in France (UNS).
What makes MathMods so special is its peculiar mobility scheme, that is the fact that our students will be spending their postgrad years in two or even three different European countries. You'll be indeed studying in central Italy for your first semester, then move to Austria or Germany for the second term, and finally move again to 1 of our 5 partners for your second year, based on the mobility path you'll be assigned.
Upon graduation students will be awarded a Joint Master's degree (or double, depending on where they spend their Year2).
Since its establishement in 2008 MathMods was funded by the EU Commission firstly through the Erasmus Mundus programme action 1 A (project no. 2008-0100), and later through the Erasmus+ Key Action 1 programme, project no. 2013-0227. We're currently applying for the Erasmus+ Call for Proposals 2018 to continue awarding Erasmus Munuds scholarships to our future generations. No matter the outcome, MathMods will still be running with the aid of Consortium grants and other local grants. Visit the sections Apply and Program Structure to learn more.
Semester 1 focuses on Theory and is to be spend in L'Aquila (Italy)
Semester 2 focuses on Numerics and can be taken in Vienna (Austria) or Hamburg (Germany).
Then for Year2 each partner institution offers a specific curriculum or study path:
Semester4 is dedicated to thesis work.
Mathematical modelling refers to the use of mathematics and related computational tools to bring real-world, challenging and important socio-economic and industrial problems into a form simple enough so that a good solution can be found in a reasonable time, while keeping the relevant features of the problem. Constructing models requires knowledge of enough mathematical theory, methods of solution which are really effective and efficient, computational tools at hand to do it, some knowledge of the field of application, and communicative skills to understand the important elements from experts in that field. Our master's programme tries to put together all these elements to produce professionals able to work in different relevant fields with the highest intellectual level and state-of-the-art tools.
Effective modelling and simulation is an art that require a lot of practice, so that problem solving, project development and team work are aspects that should be highlighted in any training programme, as our Consortium knows perfectly. On the other hand, the abstraction behind the specific application is necessary to realise that the same base tools can be applied, with the needed changes, to very different situations in various engineering fields.
The language of the whole course is exclusively English at each of our five universities. Students must also attend (and acquire the relating credits of) a course of basic Italian language (first semester) and German language (second semester). Students will also have the opportunity to attend local language courses during their second year (spent at one of the five partners).
The area of applied mathematics on which this project is focused is a fundamental scientific field for a number of key technologies and sciences. The areas of the proposed tracks connect very well with various branches of the European high-tech industry, and one of the goals of the project is to enhance these connections by means of the release of well prepared professionals and researchers.
Career opportunities for graduates will typically arise in research and development laboratories, especially those defining and testing numerical models and procedures, either working for an specific sector or with a broader scope. Also, in big or medium size enterprises possessing their own research department or a division with an orientation towards research, in public or privately held Sector Technology Centres, and at computing centres involved in data processing or the creation of numerical codes for the industry.
Click here to view the results of a recent survey taken by our graduates about their overall experience in our MSc and their work experience after having graduated.
The graduates will be able to apply successfully for PhD programmes if they wish so, as has happened for the three already completed cycles. In all the countries of the Consortium members, the programme has been validated as enabling the holder of the MSc degree to enter a local PhD programme. A good percentage of our students seem indeed to prefer pursuing a PhD before going to the industry or returning to their countries of origin. The intended level of the programme, together with the initial selection of the students, allows affirming that most of them could follow a successful academic career, after a suitable PhD.