Finance and Economics – LM‑16

Studying in Italy in English lets you earn a respected European degree without mastering Italian first. Within the first lectures you will notice how English‑taught programs in Italy attract learners from every continent, how public Italian universities foster open debate, and how tuition‑free universities Italy supports through state aid keep costs low. The Finance and Economics master’s (LM‑16) at University of Milan (Università degli Studi di Milano) ticks all the boxes: rigorous theory, practical data skills, and access to scholarships for international students in Italy—including the indispensable DSU grant.

1. Why Choose to Study in Italy in English?

English‑speaking degrees in Italy blend centuries of academic tradition with modern analytical tools. Here is why this route stands out:

• Top‑tier quality for a modest fee
  State‑regulated tuition keeps study affordable, and financial support can reduce costs to zero.
• A global learning environment
  Classrooms mix backgrounds from finance hubs like Lagos, São Paulo, and Singapore, giving you a network that spans the world.
• Practical exposure
  Professors invite guest analysts from European Central Bank projects and multinational corporations, turning lectures into career previews.

2. Programme Overview: Finance and Economics LM‑16

This two‑year master’s weaves advanced economic theory with quantitative finance. Graduates leave fluent in data analytics, risk management, and policy evaluation—skills that employers value in markets, ministries, and multilateral agencies.

Learning pillars

1. Micro‑ and macro‑economic analysis
2. Financial markets and instruments
3. Econometrics and big‑data methods
4. Policy design and evaluation
5. Ethics and sustainable finance

Projects integrate theory and practice, from valuing derivatives in Python to assessing fiscal stimulus effects with panel regressions.

3. Year‑by‑Year Curriculum

Year 1: Core Foundations

• Advanced Microeconomics – game theory, information economics, and strategic behaviour.
• Macroeconomic Dynamics – growth models, business cycles, and monetary policy.
• Financial Mathematics – stochastic processes and asset pricing.
• Econometrics I – regression, hypothesis testing, and model diagnostics.
• Corporate Finance – capital structure, dividend policy, and IPO analysis.

Year 2: Specialisation and Integration

• Econometrics II & Machine Learning – time series, panel data, and predictive algorithms.
• International Finance – exchange‑rate models, open‑economy macro, and hedging strategies.
• Behavioral Economics & Finance – cognitive biases, market anomalies, and policy nudges.
• Risk Management – credit risk, Value‑at‑Risk, and stress testing.
• Electives – choose fintech regulation, sustainable investing, or development economics.
• Thesis Project – an original study under faculty supervision, often linked to an internship.

4. Teaching Style: Data‑Driven and Interactive

Lectures move quickly from concept to application:

• Live coding sessions demonstrate econometric models in R and Python.
• Trading simulations replicate market conditions, letting you manage a virtual portfolio.
• Policy labs task teams with solving fiscal or monetary dilemmas using real‑time datasets.
• Guest talks feature central‑bank economists, hedge‑fund analysts, and sustainability officers.

These experiences ensure you graduate with both analytical muscle and communication flair.

5. Core Skills You Will Build

• Quantitative analysis – clean, model, and interpret large financial datasets.
• Strategic decision‑making – weigh trade‑offs in corporate and policy contexts.
• Programming competence – write scripts for valuation, forecasting, and optimisation.
• Research literacy – critique academic literature and design empirical studies.
• Ethical insight – evaluate ESG (environmental, social, governance) risks in finance.

Such abilities translate across roles, making you agile in fast‑evolving markets.

6. Careers After Graduation

Financial institutions

• Investment banking analyst
• Risk or portfolio manager
• Quantitative trader

Policy and development

• Economist at central banks or ministries
• Analyst in multilateral organisations (IMF, World Bank)
• Researcher in think tanks

Corporate sector

• Treasury or corporate strategy associate
• ESG reporting specialist
• Fintech product manager

Academia and research

• PhD track in economics or finance
• Data scientist in research consultancies

Employers increasingly seek professionals who can interpret data, draft policy, and anticipate market shifts—precisely what LM‑16 trains you to do.

7. University of Milan (Università degli Studi di Milano)

As one of the most respected public Italian universities, the University of Milan offers:

• Research excellence – faculty publish in top journals and lead EU‑funded projects.
• Cutting‑edge resources – Bloomberg terminals, high‑performance computing labs, and extensive databases.
• Career services – CV clinics, interview prep, and networking events with banks and consultancies.
• Vibrant community – finance clubs, coding bootcamps, and case‑competition teams.

8. Funding Your Studies: DSU Grant and More

Scholarships for international students in Italy

Several merit‑based awards target top candidates in economics and finance. Deadlines vary—plan early.

DSU grant highlights

• Tuition waiver – often eliminates fees entirely.
• Housing and meals – dorm placement or rent subsidies with meal vouchers.
• Book and travel allowances – lighten incidental costs.

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.