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Master in Actuarial Sciences, Risk and Data Analysis
#4b4b4b
Master
duration
2 years
location
Milan
English
University of the Sacred Heart
gross-tution-fee
€0 Tuition with ApplyAZ
Average Gross Tuition
program-duration
2 years
Program Duration
fees
€75 App Fee
Average Application Fee

Study in Italy in English: University of the Sacred Heart (Università Cattolica del Sacro Cuore)

Study in Italy in English at Università Cattolica del Sacro Cuore. Explore its global reputation, vibrant city life, and strong career connections for international students.

An Introduction to Università Cattolica del Sacro Cuore

The University of the Sacred Heart (Università Cattolica del Sacro Cuore) is one of Italy’s most respected universities. It is also Europe’s largest private university and one of the most recognised Catholic institutions worldwide. Founded in 1921, it offers more than 100 programmes across disciplines, with many English-taught programs in Italy for both undergraduate and postgraduate students.

Its main campus is located in Milan, with other branches in Rome, Brescia, Piacenza, and Cremona. The university is well-known for its strong academic tradition, practical teaching approach, and excellent student services.

It ranks highly in global university listings, especially in the fields of economics, business, communication, and social sciences. It also collaborates with leading international institutions, giving students access to joint degrees and exchange programmes. The university regularly welcomes students from over 100 countries and supports them through tailored services and English-speaking staff.

For those who want to study in Italy in English, this university offers both tradition and innovation in one of the country’s most dynamic cities.

Milan: A Global Hub for Students and Professionals

The main campus of Università Cattolica del Sacro Cuore is located in Milan—Italy’s capital of business, fashion, media, and design. This makes it an ideal place to study and launch a global career.

What makes Milan a great student city?

  • International environment: Milan is home to many universities, international schools, and research centres.
  • Student-friendly: With libraries, public study rooms, discounts, and free events, students find it easy to settle and thrive.
  • Transport: Milan has a fast and reliable metro and bus network. You can also travel easily to other European cities by train or flight.
  • Climate: Winters are cool and summers are warm, offering a pleasant climate most of the year.
  • Culture: Art galleries, museums, theatres, and historic architecture give you access to Italy’s deep cultural roots.

Students live in a fast-paced but welcoming city that mixes history with innovation.

Living in Milan: Cost, Lifestyle, and Support

Milan is more expensive than some other Italian cities, but it offers strong value for money thanks to the opportunities it provides.

Key living costs:

  • Accommodation: Shared flats and student residences range from €400–€700 per month.
  • Transport: Student passes make public transport very affordable.
  • Meals: University canteens and student discounts reduce food costs.
  • Leisure: With museums, concerts, and free events, there’s always something to do.

The university supports students with housing services, cultural integration activities, and financial aid options. Students can also apply for scholarships for international students in Italy, such as merit-based awards and the DSU grant. This grant can cover tuition, meals, housing, and up to €7,000–€8,000 in annual cash support depending on financial need.

Programmes and Departments

Università Cattolica offers a broad range of programmes in both Italian and English. International students can choose from degrees in:

  • Business and Economics: Management, Finance, Marketing, and Innovation
  • Political and Social Sciences: International Relations, European Studies, Media, and Communication
  • Psychology and Education: Cognitive Processes, Behavioural Studies, School Psychology
  • Law: Italian and European legal systems, law and technology
  • Agricultural Sciences: Food Systems, Agri-innovation, and Sustainability
  • Healthcare: Medicine, Surgery, and Health Technology (offered in Rome campus)

All English-taught programmes combine academic theory with practical training. The university focuses on employability, ethical responsibility, and global perspective. Class sizes are moderate, and students receive individual attention and mentorship from faculty.

Career and Internship Opportunities in Milan

Milan is not only a cultural and student city—it’s also Italy’s business capital. This makes it the perfect place for internships, part-time jobs, and launching a career after graduation.

Major industries in Milan include:

  • Finance and Banking: Headquarters of major Italian and international banks
  • Consulting and Business Services: Numerous global consulting firms have offices here
  • Fashion and Design: Milan is one of the world’s top design capitals
  • Media and Communication: Many leading publishers, media companies, and agencies operate in Milan
  • Technology and Innovation: Startups, software companies, and digital hubs are growing fast

The university works closely with employers to provide internships, project work, and career days. Students can gain experience during their studies, build networks, and often transition into full-time roles upon graduation.

International students also benefit from dedicated career services and job coaching in English. Those who remain in Italy after graduation can apply for a post-study work visa to continue their professional journey.

Internships and Work While Studying

Italy allows non-EU students to work part-time during their studies (up to 20 hours per week). This allows students to support themselves, gain experience, and connect with local employers.

Milan offers:

  • Internships in English-speaking environments
  • University partnerships with businesses and NGOs
  • Startup incubators and co-working spaces
  • Events and meet-ups to connect with industry leaders

Students in business, economics, communication, or law can benefit especially from Milan’s strong industry presence. Those in psychology, education, and sustainability also find active research and fieldwork opportunities.

Language and Life Skills

Even though your course may be in English, living in Milan gives you the chance to learn or improve your Italian. The university offers Italian language courses and cultural workshops to help you adjust.

You’ll also develop:

  • Intercultural communication skills
  • Professional soft skills like teamwork and leadership
  • Academic writing and presentation techniques
  • Resilience and confidence as a global student

These experiences build both your academic and personal growth.

Why Choose Università Cattolica and Milan?

This university-city combination gives you:

  • A respected international degree from a globally ranked institution
  • Programmes in English with real-world focus
  • Career access in one of Europe’s economic powerhouses
  • A multicultural, student-friendly environment
  • Affordable education with possible DSU grant and scholarships for international students in Italy
  • A meaningful university experience with personal and professional development

In two minutes we’ll confirm whether you meet the basic entry rules for tuition-free, English-taught degrees in Italy. We’ll then quickly see if we still have space for you this month. If so, you’ll get a personalised offer. Accept it, and our experts hand-craft a shortlist of majors that fit your grades, goals, and career plans. Upload your documents once; we submit every university and scholarship application, line up multiple admission letters, and guide you through the visa process—backed by our admission-and-scholarship guarantee.

Study in Italy in English: Actuarial Sciences, Risk and Data Analysis at University of the Sacred Heart (Università Cattolica del Sacro Cuore)

Explore the Actuarial Sciences, Risk and Data Analysis master’s at Università Cattolica del Sacro Cuore. Study in Italy in English with scholarship support.

Actuarial science, risk modelling, and data analysis are vital in today’s finance, insurance, and consultancy sectors. The Actuarial Sciences, Risk and Data Analysis programme (LM‑83) at the University of the Sacred Heart (Università Cattolica del Sacro Cuore) offers advanced training in these areas. It is fully taught in English and part of the many English‑taught programs in Italy designed for international students who want to study in Italy in English.

As a respected public Italian university, Università Cattolica provides access to scholarship schemes such as DSU grant and other scholarships for international students in Italy, making this rigorous and career‑focused course affordable.

What is LM‑83: Actuarial Sciences, Risk and Data Analysis?

The LM‑83 master’s degree combines mathematics, statistics, finance, and computer science. Its goal is to train professionals capable of:

  • Measuring and managing risk in finance and insurance
  • Building predictive models using data science
  • Assessing uncertainties and financial exposures
  • Using statistical tools to support decision‑making
  • Communicating results clearly to stakeholders

The course bridges theory and practice with a focus on real‑world applications in government, industry, and consultancy.

Why Study in Italy in English?

Italy has greatly improved its offerings of English‑taught programs in Italy. This allows global students to benefit from high‑quality European education without language barriers.

Benefits of choosing Italy include:

  • Tuition at public Italian universities that is affordable
  • Possibility of tuition‑free universities Italy through the DSU grant
  • Financial help from scholarships for international students in Italy
  • International environment with diverse peers and staff
  • Work visa and post‑graduation opportunities in Europe

Università Cattolica’s LM‑83 course aligns with global trends in data‑driven professions and risk analysis.

What You Will Learn

The programme runs over four semesters and includes core subjects, electives, hands‑on labs, and a final dissertation.

Core modules include:

  • Probability Theory and Mathematical Statistics
  • Actuarial Models for Life and Non‑life Insurance
  • Risk Management and Insurance Regulation
  • Financial Mathematics and Derivatives
  • Data Science and Machine Learning
  • Programming in R, Python, and SQL
  • Survival Analysis and Credibility Theory
  • Big Data in Insurance and Finance

Elective modules may include:

  • Enterprise Risk Management
  • Climate and Catastrophe Risk
  • Financial Econometrics
  • Health Economics and Insurance
  • Pension Systems and Social Modelling

These modules give students both broad and specialised knowledge tailored to their career goals.

Skills You Will Gain

This course builds a range of valuable skills:

  • Advanced statistical analysis and model building
  • Risk quantification and scenario planning
  • Data manipulation, visualisation, and programming
  • Financial derivative valuation and portfolio design
  • Interpretation of regulatory frameworks in finance
  • Clear communication of technical results to business teams

These skills suit careers in finance, insurance, health, and consultancy.

Career Opportunities

Graduates of LM‑83 are in high demand for roles such as:

  • Risk Analyst in banking or insurance firms
  • Actuary for life, health, or pension companies
  • Data Scientist for financial modelling
  • Risk consultant for global advisory firms
  • Quantitative analyst in investment funds
  • Regulatory compliance specialist
  • Academic researcher or PhD candidate

The course also sets a strong basis for further study or professional qualifications such as actuarial exams.

Internships and Industry Connections

Università Cattolica has partnerships with insurance companies, banks, and consulting firms. Students can engage in:

  • Internships in actuarial and data analysis roles
  • Research projects with industry or academic partners
  • Case competitions and real‑data challenges
  • Networking events with industry experts

These experiences help bridge the academic and professional worlds, leading to employment after graduation.

Admission Requirements

To apply for the programme, you need:

  • A bachelor’s degree in mathematics, statistics, finance, economics, engineering, or computer science
  • Solid background in calculus, probability, and linear algebra
  • Some programming or data experience
  • English proficiency (e.g., IELTS 6.0+, TOEFL iBT 80+)

Non-EU students must complete visa and enrolment processes. ApplyAZ helps ensure all documents are prepared correctly.

Tuition and Scholarships

Tuition at Università Cattolica is competitive. But many students reduce costs significantly:

DSU grant includes:

  • Full or partial tuition waiver
  • Annual cash grant of up to €7,000–€8,000
  • Meal support and accommodation aid
  • Travel and textbook discounts

Other scholarships for international students in Italy can further ease expenses. ApplyAZ supports students in the application process for these opportunities.

Student Experience

Students enjoy a supportive, international campus with:

  • Modern classrooms and computer labs
  • Academic tutoring and mentoring
  • Career services and professional coaching
  • Student clubs, seminars, and networking events
  • Work permission up to 20 hours per week
  • Post-study visa options to work in Italy or EU

This environment promotes both academic excellence and career readiness.

Is This Programme Right for You?

Consider LM‑83 if you:

  • Like maths, data, and quantitative analysis
  • Want a career in risk management, insurance, or finance
  • Prefer English‑taught programs in Italy for study
  • Seek quality education from public Italian universities
  • Need support through scholarships for international students in Italy like the DSU grant
  • Plan to work or continue studies in Europe or globally

This programme offers a clear path to high-growth, well-compensated careers in analytics and risk.

Ready for this programme?
If you qualify and we still have a spot this month, we’ll reserve your place with ApplyAZ. Our team will tailor a set of best-fit majors—including this course—and handle every form and deadline for you. One upload, many applications, guaranteed offers, DSU grant support, and visa coaching: that’s the ApplyAZ promise. Start now and secure your spot before this month’s intake fills up.

They Began right where you are

Now they’re studying in Italy with €0 tuition and €8000 a year
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