Master in Computational Finance at University of Padua
English-taught finance master in Padua run by the Department of Mathematics, covering stochastic methods, machine learning for finance, credit and market risk, insurance and quantitative risk management.
Master
2 years
Padua
English
University of Padua
Computational Finance is a two-year, 120 ECTS master's degree (class LM-16-R, Finance) taught in English at the University of Padua. It combines mathematics, statistics, economics and computer science for finance and insurance. Non-EU students with family abroad pay a fixed €2,990 a year (2026/27), waived for regional scholarship winners.
Entry requirements
- A bachelor's degree of at least three years (or equivalent) with proven skills in mathematics (linear algebra, differential and integral calculus), probability and statistics.
- Entry documents in English or Italian, and a final grade that meets the minimum the university sets for your country.
- English at B2 level of the CEFR, with a certificate from the university's accepted list unless an exemption applies.
- No entrance test: admission is open to applicants who meet the requirements, which are checked on your application file.
- An online application on apply.unipd.it with your transcript, degree certificate, CV, motivation letter and English certificate; legalised documents are not needed at this stage.
About the programme
Computational Finance is a two-year master's degree in class LM-16-R (Finance), taught in English in Padua. It is run by the Department of Mathematics within the School of Science, is worth 120 ECTS and has open admission for applicants who meet the requirements.
The degree trains professionals in the computational and quantitative methods used to solve problems in finance and insurance. It brings together economics, computer science, mathematics and statistics, pairing advanced quantitative and computational skills with a solid knowledge of financial and insurance markets. It suits graduates from any quantitative field who are comfortable with calculus, linear algebra and probability, not only economics graduates.
What you will study
The first year builds the mathematical, statistical and computing foundations and introduces financial economics and risk. The second year moves to stochastic finance, insurance and risk management, with two elective courses and a master's thesis. Units in the 2027/28 plan include:
- Fundamentals of Computational Mathematics
- Stochastic Methods, and Regression and Time Series Models
- Machine Learning for Finance
- Econometrics for Credit and Market Risk
- Principles of Financial Economics, and Financial Reporting and Risk Management
- Fundamentals of Information Systems
- Stochastic Finance, and Risk and Insurance (second year)
- Quantitative Risk Management, and Law and Data (second year)
Career paths
The university prepares graduates for roles in the financial, insurance and energy sectors that need quantitative and computational skills. It says graduates can pursue a wide range of careers in:
- Banking
- Insurance
- Asset management
- Energy companies
- Consulting firms
Fees and scholarships
Although it is a finance degree, Computational Finance sits in the School of Science and so in fee Group B. Under the 2026/27 fee call, non-EU students with family resident abroad pay a fixed €2,990 a year, or €996.66 as citizens of a country on the ministry's list of particularly poor countries; an ISEE parificato affects only the regional tax. Veneto regional scholarship winners pay no fee, so zero euro tuition for eligible students is possible, and merit fee waivers also cover this degree. See the fees page.
How to apply from outside the EU
Apply online on apply.unipd.it with your transcript, degree certificate, CV, motivation letter and English certificate, and pay the €60 application fee. For 2027/28, non-EU applicants living abroad can apply from 15 September to 15 November 2026 (Call One) or from 1 December 2026 to 1 March 2027 (Call Two). You can apply to a degree programme only once per academic year.
Once admitted, you pay a non-refundable €208 to accept the place, complete the Universitaly pre-enrolment and request a type D study visa. Legalised, apostilled or CIMEA-verified copies of your degree and transcript are due by 31 August 2027, and classes start on 1 October 2027.
How ApplyAZ helps
If this programme fits your goals, ApplyAZ can include it in a shortlist of 20 to 30 English-taught programmes at Italian public universities. We write your CV and a tailored statement of purpose, submit your applications and Universitaly pre-enrolment, file your DSU scholarship application and prepare your visa file, with a named person on each stage. The university decides admission, the region decides the scholarship and the consulate decides the visa. See how ApplyAZ works or check your eligibility.
Questions and answers
Is the Master in Computational Finance taught in English?
Yes. The whole degree is taught in English in Padua. You need English at B2 level of the CEFR, shown by a certificate on the university's accepted list unless an exemption applies.
Do I need a degree in finance or economics?
No specific field is required. You need a degree of at least three years with proven skills in mathematics, including linear algebra and differential and integral calculus, and in probability and statistics.
What will I study?
Stochastic methods, time series, machine learning for finance, econometrics for credit and market risk and financial economics, then stochastic finance, risk and insurance, quantitative risk management and law and data, plus two electives and a thesis.
When can I apply for 2027/28?
Non-EU applicants living abroad can apply on apply.unipd.it from 15 September to 15 November 2026 or from 1 December 2026 to 1 March 2027. The fee is €60 and classes start on 1 October 2027.
How much are the fees?
For 2026/27, non-EU students with family abroad pay a fixed €2,990 a year, or €996.66 if from a country on the ministry's list of particularly poor countries. Regional scholarship winners are exempt, and merit fee waivers exist.
What jobs do graduates do?
The university names careers in banking, insurance, asset management, energy companies and consulting firms, in roles that apply quantitative and computational methods to financial and insurance problems.
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