Master in Finance and Banking at University of Rome Tor Vergata
Two-year English-taught MSc in Finance and Banking (LM-16) at Tor Vergata in Rome, covering derivatives, financial econometrics, asset pricing, asset management and empirical banking. Entry needs a related bachelor's, an 80% grade, B2 English and an online interview.
Master
2 years
Rome
English
University of Rome Tor Vergata
Finance and Banking is a two-year, 120 ECTS master's degree (class LM-16) taught in English at the University of Rome Tor Vergata. Entry needs a three-year bachelor's in economics, business, maths, statistics, science or engineering, a final grade of at least 80% of the maximum, English at B2 and an online interview. Fees follow family income if you declare it, so it can be tuition-free for eligible students.
Entry requirements
Detailed entry requirements
Tor Vergata's MSc in Finance and Banking asks for a three-year bachelor's in one of eleven listed classes (economics, business, maths, statistics, physics, computer science, engineering or political science) or a recognised foreign equivalent, a final grade of at least 80% of the maximum (88/110 for Italian degrees), English at B2 and an online admission interview. Reviewed 8 October 2026. [1]
Degree requirement
You need a three-year bachelor's degree in one of these Italian classes, or a foreign first-cycle degree (EQF level 6) recognised as suitable: [1]
- Economics and business: L-16 administration, L-18 business administration, L-33 economics
- Maths, statistics and science: L-30 physics, L-31 computer science, L-35 mathematics, L-41 statistics
- Engineering: L-7 civil and environmental, L-8 information, L-9 industrial
- Social science: L-36 political science and international relations
For a foreign degree, a committee of teaching staff checks how it corresponds to these classes. If your studies fall short of the requirements, you must fill the gaps before the enrolment deadline. [1]
Final grade and admission interview
To reach the interview you need a final grade, or final exam average, of at least 80% of the maximum for foreign degrees, or 88/110 for Italian degrees. [1]
The interview is held online and in English with the programme coordinator or a delegate. It checks your grasp of the general principles of economics and your preparation in maths and statistics. Interviews cannot be rescheduled, and candidates who miss theirs are excluded. [1]
The committee decides on curricular requirements within 15 days of each application round closing, and tells you by email whether you are invited to interview. You can submit only one application per academic year. [1]
What this means for your transcript
As a guide, based on the rule above:
- Usually a fit: a three-year B.Com, BBA, or BA or B.Sc. in Economics, Mathematics, Statistics, Physics or Computer Science, or a B.Tech or B.E., with a final grade of at least 80% of your scale's maximum, such as 8.0 on a 10-point CGPA.
- Check carefully: a BCA, or a BA in Political Science, where the interview still tests economics, maths and statistics in depth.
- Often short: degrees outside the listed fields, or a final grade below 80% of the maximum.
A good fit on paper is only the first step: the interview checks economics, maths and statistics directly. [1]
English
English at CEFR level B2, shown by one of these: IELTS General Training or Academic with at least 6.5, Cambridge First Certificate, Cambridge BEC Vantage, TOEFL iBT with at least 87 (PBT 513, CBT 183) or Trinity ISE II. A B2 English exam passed during your bachelor's may be accepted, and native speakers are exempt. [1]
Without a certificate you can still apply by uploading a self-declaration of your English level. If your CV and transcript pass the committee's review, your English is then assessed in the online interview. [1]
2026/27 deadlines
For 2026/27 there were five application rounds. Non-EU applicants needing a visa could use only the first three: 10 November to 17 December 2025, 7 January to 13 March 2026, and 23 March to 28 May 2026. Rounds four and five, in June and July 2026, were for EU applicants, non-EU applicants living in Italy with an Italian degree, and transfers. [1]
Universitaly pre-enrolment for visa applicants closed on 31 July 2026. For 2026/27, enrolment runs from 15 July to 6 November 2026, and international students complete it in person by 18 December 2026. Thirty places were reserved for non-EU applicants living abroad. [1]
The 2027/28 call is not yet published, and the programme says updates will follow in November. [7]
Documents and non-EU steps
The Delphi application needs your passport, CV, English certificate or self-declaration, degree certificate with final grade (when available) and a certificate of exams passed with marks. [1]
You can apply before graduating if you have no more than 18 CFU left to complete, with your graduation date and remaining exams listed in your CV. You must have graduated before you enrol. [1]
For Universitaly pre-enrolment and the visa, you upload your passport, photo, admission letter, degree diploma and transcript, a CIMEA statement of verification, and either an ARDI statement of correspondence (Lisbon Convention countries) or a CIMEA statement of comparability (other countries). Degree documents must be legalised by the Italian embassy or apostilled, with translations that follow Italian foreign ministry rules. These document rules come from the 2025/26 pre-enrolment page. [5]
Sources and verification
Checked by the ApplyAZ admissions team against the university's official documents listed below. Entry rules can change with each new call, and we re-check them before every application.
- University of Rome Tor Vergata, Faculty of Economics. Notice of enrolment for the Master's degree in Finance and Banking (class LM-16), academic year 2026/27. Reviewed 8 October 2026.
- University of Rome Tor Vergata, MSc in Finance and Banking. Programme structure for the 2026/27 cohort. Reviewed 8 October 2026.
- University of Rome Tor Vergata, MSc in Finance and Banking. Tuition fees 2026/27 and scholarships pages. Reviewed 8 October 2026.
- University of Rome Tor Vergata. Tuition fees for non-EU students whose family income is generated abroad (undated). Reviewed 8 October 2026.
- University of Rome Tor Vergata, MSc in Finance and Banking. Pre-enrolment procedure and visa request for international students, academic year 2025/26. Reviewed 8 October 2026.
- University of Rome Tor Vergata, MSc in Finance and Banking. Programme home page and employment statistics (undated). Reviewed 8 October 2026.
- University of Rome Tor Vergata, MSc in Finance and Banking. Call for applications page, academic year 2027/28 (not yet published). Reviewed 8 October 2026.
About the programme
Finance and Banking is a two-year master's degree (laurea magistrale, class LM-16) worth 120 ECTS and taught in English at the School of Economics of the University of Rome Tor Vergata, run by the Department of Economics and Finance. [1][6]
The programme is quantitative. It combines mathematics, statistics, econometrics and coding with derivatives, asset pricing, asset management and banking, and it is open to graduates in economics, business, maths, statistics, physics, computer science, engineering or political science. [1][2]
What you will study
The 2026/27 cohort starts with a statistics pre-course, then takes these courses: [2]
- First year: Mathematics (12 credits), Statistics, Derivatives, Coding and Data Analysis for Finance, Time Series, Corporate Finance, Financial Market Models and Financial Econometrics (6 credits each)
- Second year: Asset Pricing, Securities Regulation and Responsible Investments, Asset Management and Empirical Banking (6 credits each)
- Electives: three elective courses of 6 credits each, spread across the two years
- Thesis: 24 credits in the final module
How the programme is taught
The programme starts at the beginning of September. Each year has two semesters, and each semester has two six-week modules with exams at the end of each module. A 6-credit course has 36 hours of lectures, and some courses add practice sessions with a teaching assistant. [2]
The programme also lists dual-degree options with the University of Gothenburg and the University of Minho, a semester abroad, and industry partners such as CFA, MathWorks and Morningstar. [6]
Career paths
The programme lists these main professional profiles for its graduates: [6]
- quantitative analyst
- asset manager
- risk manager
- financial analyst
- insurance market specialist
Fees and scholarships
For 2026/27, the programme's fee page sets the annual tuition fee by family income, declared through the ISEE-U or, for students living outside Italy, the Scheda Raccolta Dati form. [3] Non-EU students whose family income is abroad can instead choose not to declare it and pay a flat yearly rate for this programme. LazioDisco winners on the flat rate are exempt only from the regional fee. [4]
Eligible students can apply to DiSCo Lazio (LazioDisco) for a regional scholarship and housing, with applications usually open from May to July, and the programme awards its own prizes to strong first-year students and graduates. [3] On the income-based route, the programme can be tuition-free for eligible students.
How to apply from outside the EU
For 2026/27, non-EU applicants who needed a visa could apply only in the first three rounds: 10 November to 17 December 2025, 7 January to 13 March 2026, and 23 March to 28 May 2026. We apply on the Delphi platform with your CV, transcript, degree certificate and English certificate. Eligible candidates are invited to an online interview in English. [1]
Once you are admitted, we complete your Universitaly pre-enrolment, which closed on 31 July 2026 for 2026/27, and you apply for a type D study visa. For 2026/27, 30 places were reserved for non-EU applicants living abroad. The 2027/28 call is not yet published. [1][7]
How ApplyAZ helps
ApplyAZ is an Italy-based consultancy that works only with public universities. We can include this programme in a shortlist of 20 to 30 English-taught programmes that fit your profile, so your plan never rests on a single application.
For eligible students who start with us, a named person owns each stage, from A to Z:
- We check your transcript against Tor Vergata's entry rules for this programme.
- We write your CV and a tailored statement of purpose.
- We prepare and submit your Delphi application and Universitaly pre-enrolment.
- We help you declare your family income for reduced fees and file your DiSCo Lazio scholarship application at the right time and in the right format.
- We prepare your visa file.
With operations in all 20 Italian regions, we follow each region's scholarship rules and deadlines as they change. The university decides admission, the region decides the scholarship and the consulate decides the visa, so no one can promise an outcome. You pay in milestones, and every service you pay for is either delivered or its fee is refunded (terms apply).
Programmes at Italian public universities can be tuition-free for eligible students. Check if you are eligible and book a one-to-one consultation session with one of our Italy experts, or see how ApplyAZ works.
Questions and answers
What bachelor's degree do I need for Tor Vergata's MSc in Finance and Banking?
A three-year bachelor's in economics, business, administration, maths, statistics, physics, computer science, engineering or political science (eleven listed Italian classes), or a recognised foreign equivalent, with a final grade of at least 80% of the maximum. [1]
Is there an entrance exam or interview?
There is no written test, but there is an online admission interview in English. It checks economics principles, maths and statistics. You reach it only with a final grade of at least 80% of the maximum, or 88/110 for an Italian degree. [1]
What English level is required? Do I need IELTS?
English at B2. IELTS needs at least 6.5 and TOEFL iBT at least 87, or you can use Cambridge First, BEC Vantage or Trinity ISE II. Without a certificate you can still apply, and your English is assessed at the interview. [1]
When is the deadline for non-EU students?
For 2026/27, non-EU visa applicants could apply only in the first three rounds, the last of which closed on 28 May 2026, and Universitaly pre-enrolment closed on 31 July 2026. The 2027/28 call is not yet published. [1][7]
Can I apply before I graduate?
Yes, if you have no more than 18 CFU left to complete. Your CV must give your graduation date and the exams still to take, and you must have graduated before you enrol. [1]
I have a B.Tech or a BCA. Can I apply?
Possibly. Engineering and computer science are among the listed classes, so these degrees can be considered. The committee checks how your degree corresponds, the interview tests economics, maths and statistics, and you need a final grade of at least 80% of the maximum. [1]
What will I study?
Year one covers mathematics, statistics, derivatives, coding and data analysis, time series, corporate finance, financial market models and financial econometrics. Year two adds asset pricing, securities regulation, asset management and empirical banking, plus three electives and a 24-credit thesis. [2]
How are the fees set?
For 2026/27 the programme's fee page sets fees by family income, so the programme can be tuition-free for eligible students. Non-EU students with income abroad can instead choose a flat yearly rate without declaring income. [3][4]
Can someone handle my whole application to Finance and Banking at Tor Vergata?
Yes. ApplyAZ, an Italy-based consultancy that works only with public universities, checks your transcript against Tor Vergata's rules for this programme, handles the application and Universitaly pre-enrolment, helps you file the DiSCo Lazio scholarship application at the right time and in the right format, and prepares your visa file, for eligible students. Start by checking your eligibility.
I'm applying from India. What is the route into Finance and Banking?
A three-year Indian B.Com, BBA, or BA or B.Sc. in Economics, Maths or Statistics, or a B.Tech, matches the fields Tor Vergata lists, with a final grade of at least 80% of your scale's maximum. You need English at B2, which the interview can assess without a certificate. The steps are the Delphi application in the first three rounds, the online interview, an admission letter and Universitaly pre-enrolment. [1] Indian students apply for the type D study visa at the Italian embassy or consulate that covers their state, such as New Delhi, Mumbai or Bengaluru.
Is the route different from Pakistan, Bangladesh or Sri Lanka?
No. The academic rules for Finance and Banking are the same whatever your nationality. Applicants from Pakistan, Bangladesh and Sri Lanka follow the same steps as India: Delphi application in the first three rounds, online interview, admission letter and Universitaly pre-enrolment, then a type D study visa from the Italian mission for their country of residence. Read our guide for students in Dhaka.
I live in the UAE, Saudi Arabia, Qatar, Kuwait, Oman or Bahrain. Where do I apply for the visa?
At the Italian embassy or consulate responsible for the country where you legally live, after Universitaly pre-enrolment. The academic rules for Finance and Banking are the same whatever your nationality, and Gulf residents follow the same steps: Delphi application in the first three rounds, online interview, admission letter and Universitaly pre-enrolment. Read our guides for Dubai, Riyadh and Doha.
I studied or live in London, New York, Toronto, Vancouver, Singapore or Kuala Lumpur. What is the route?
The academic rules for Finance and Banking are the same whatever your nationality, and your degree is assessed like any other foreign qualification. Non-EU applicants who live abroad follow the same route: Delphi application in the first three rounds, online interview, admission letter and Universitaly pre-enrolment, then a type D study visa from the Italian mission for where they live. Read our guides for students in London, New York, Toronto, Vancouver, Singapore and Kuala Lumpur.
More English-taught programmes at this university
Other public universities in this city
They began right where you are
