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Master in Finance
#4b4b4b
Master
duration
2 years
location
Siena
English
University of Siena
gross-tution-fee
€0 Tuition with ApplyAZ
Average Gross Tuition
program-duration
2 years
Program Duration
fees
€40 App Fee
Average Application Fee

University of Siena

Choosing where to study shapes your skills and your future network. If you want to study in Italy in English within a respected public university, the University of Siena (Università degli Studi di Siena) stands out. It offers a growing range of English-taught programs in Italy and follows the fair-fee model used by public Italian universities. With planning, the DSU grant and scholarships for international students in Italy can make costs manageable and, for eligible students, align with routes often called tuition-free universities Italy.

A historic leader among public Italian universities

Founded in the Middle Ages, the University of Siena is one of Europe’s long-standing centres of learning. Across centuries it has renewed its teaching and research while keeping strong roots in the humanities, social sciences, and the life sciences. Today, it combines tradition with modern labs, digital services, and international classrooms.

Reputation grows from outcomes. Siena’s academics publish widely, coordinate European projects, and collaborate with industry and public bodies. Graduates progress to skilled roles across Italy and abroad, and many continue to doctoral study. The university’s identity is clear: rigorous teaching, applied research, and a student-friendly scale.

Key departments and areas of strength

  • Life sciences and medicine: biology, biotechnology, pharmacology, public health, and vaccine-related research.
  • Business and economics: finance, management, accounting, behavioural economics, and entrepreneurship.
  • Law and political sciences: European law, human rights, international relations, and public policy.
  • Humanities and languages: literature, linguistics, history, philosophy, and cultural heritage.
  • Mathematics and computer science: data analysis, AI fundamentals, software engineering, and cybersecurity basics.
  • Chemistry and materials: analytical chemistry, polymers, sustainable processes, and industrial collaborations.
  • Environmental and earth sciences: ecology, sustainability, and climate-related studies.

You will find compact classes, accessible professors, and a campus culture that values clear writing and real-world application. Courses emphasise project work, seminars, and lab practice so you leave with evidence of what you can do.

Why Siena stands out among English-taught programs in Italy

International students want degrees that travel well. Siena’s English-medium curriculum uses the European Credit Transfer and Accumulation System (ECTS), which supports mobility and credit recognition. Teaching is direct and practical: you learn the core theory and then apply it in case studies, labs, and short research tasks.

What to expect in class

  • Assessments and supervision in English for selected degrees and modules.
  • Mixed cohorts that build cross-cultural teamwork.
  • Clear rubrics and scheduled feedback points.
  • A balance of lectures, tutorials, and hands-on tasks.

Studying in English does not isolate you. Language courses and student groups help you grow Italian step by step. This bilingual experience is a real asset for internships and jobs in Italy and the wider EU.

Siena, a student city built for focus and culture

Siena is a compact, historic city with a strong student presence. Its size helps you settle quickly and keep a steady routine for study, part-time work, and wellbeing. You can cross the centre on foot and reach campus areas and libraries without long commutes.

Student life and affordability

  • Living costs are generally lower than in Italy’s largest hubs.
  • Shared flats and student residences spread across well-connected districts.
  • Food culture is excellent and affordable; markets and cafés make daily life social and simple.

Climate

  • Mild winters and warm summers support year-round outdoor life.
  • Spring and autumn are ideal for walking, cycling, and weekend trips.

Public transport

  • Local buses link neighbourhoods, campus areas, and train stations.
  • Regional trains connect Siena with major Italian cities for events, interviews, and conferences.

Culture and community

  • Museums, music, theatre, and community events run through the year.
  • Student associations create networks across degrees and nationalities.
  • Safe streets and a walkable centre make late study sessions and group work practical.

Job and internship opportunities: where you can grow

Siena’s economy blends knowledge work, finance, life sciences, culture, and tourism. International students benefit from the university’s partnerships and the region’s innovation culture. You can match your field to local strengths and build a portfolio while you study.

Key industries and employers

  • Life sciences and biotech: vaccine research and biomedical ventures provide lab placements, data roles, and regulatory projects.
  • Banking and finance: established financial institutions and service firms offer internships in risk, compliance, communications, and analytics.
  • Cultural heritage and tourism: museums, galleries, and cultural organisations welcome students in communication, languages, and management.
  • Agri-food and wine: quality production and export operations open roles in supply chain, marketing, and sustainability.
  • ICT and digital services: software houses and digital agencies need developers, UX writers, and data-savvy graduates.
  • Public administration and NGOs: policy, social projects, and EU-funded initiatives create research and coordination internships.

How international students benefit

  • A mid-sized city makes it easier to meet mentors and secure supervised projects.
  • University career services share postings and coordinate placements with departments.
  • Labs support thesis work tied to company challenges, giving you a measurable result to show employers.

Linking your field of study to Siena’s economy

Your degree becomes more valuable when it connects to local practice. Here is how different paths align with opportunities:

  • Biotechnology and life sciences: look for internships in vaccine development, diagnostics, or quality assurance. Thesis projects may study stability data, assay validation, or bioinformatics pipelines.
  • Economics and management: banking and SME consulting demand strong analytics and communication. You can build dashboards, write short memos for decision-makers, and practise risk-aware planning.
  • Law and political sciences: European law, privacy, and compliance link to public bodies and regulated firms. Projects might convert legal rules into plain-language guides for teams.
  • Humanities and languages: cultural organisations need translators, editors, and curators. You can design exhibitions, write catalogues, and plan community events.
  • Computer science and data: software and analytics roles appear across sectors. Build a portfolio with clean code, reproducible notebooks, and a one-page readme for each project.
  • Chemistry and materials: labs and industry partners focus on analysis, formulation, and sustainable processes—useful for graduates who want R&D roles in Italy or abroad.

How the university teaches: clear goals, hands-on learning

Siena’s approach values clarity and practice. You will often work in teams, present results briefly, and receive feedback that you can use immediately. Professors encourage you to keep records of decisions, assumptions, and limits—habits that employers trust.

Typical assessment mix

  • Problem sets with unit checks and short explanations.
  • Lab reports with figures, uncertainty, and next steps.
  • Short presentations and viva-style discussions.
  • A thesis or capstone that answers a focused question and produces a reusable output.

Student support

  • Office hours and mentoring from faculty and doctoral students.
  • Language courses for non-native speakers.
  • Workshops on academic writing and research methods.

Why Siena is a smart base for research

A strong research culture helps you learn faster. At Siena, research groups welcome motivated students for short assistantships and thesis work. You can gain early lab experience, help with data collection or analysis, and contribute to papers or posters.

Benefits for your CV

  • Evidence of teamwork and deadlines met.
  • Tangible outputs such as a figure, dataset, or prototype.
  • References that carry weight for jobs or PhD applications.

Living well: routines that protect your grades and budget

Good habits make study easier. Plan early and keep life simple so you can focus on learning.

Practical tips

  • Start housing searches early; choose a location with a short commute.
  • Use student transport passes and plan errands to reduce costs.
  • Build a weekly rhythm: set goals on Sunday, check progress mid-week, and review on Friday.
  • Keep a small emergency fund for exam fees, equipment, or travel.
  • Join a club or study group to stay motivated and make friends.

English-taught programs in Italy: how Siena structures degrees

English-medium degrees at Siena follow the ECTS model. A typical bachelor’s uses 180 ECTS over three years; a typical master’s uses 120 ECTS over two years. Credits cover lectures, seminars, labs, internships, and a thesis. Modules define outcomes clearly so you know how to prepare and how you will be assessed.

Common course features

  • Rubrics that explain grading standards.
  • Portfolios with curated work samples.
  • Opportunities for mobility under European schemes.
  • Options to combine coursework with supervised internships.

This structure supports students who aim to move between Italy and other European countries for work or further study.

Funding your study: DSU grant and scholarships for international students in Italy

Because Siena belongs to public Italian universities, fees are income-based and paid in instalments. International students can apply for support that reduces costs and protects time for study and internships.

DSU grant (Diritto allo Studio Universitario)

  • Depending on eligibility, the DSU grant may include a tuition reduction or waiver, a cash scholarship, and services that lower everyday costs.
  • Applications require family income documents and identity papers; some may need translation or legalisation (official recognition).
  • Deadlines are strict; organise documents early and track renewal rules.

Scholarships for international students in Italy

  • Merit awards for high grades or impactful projects.
  • Mobility support to help with relocation.
  • Departmental awards tied to fields such as life sciences, economics, or digital studies.
  • Paid student roles in labs and libraries under clear rules.

With good planning, some students align with routes often called tuition-free universities Italy. Even without a full waiver, combining DSU support and scholarships keeps costs predictable and leaves more time for learning.

Transport, housing, and daily services: what to plan

Transport

  • Local buses cover key areas; walking and cycling are popular for short trips.
  • Intercity trains link Siena with other university and industry hubs for interviews and events.

Housing

  • Students mix between residences and shared apartments.
  • Early applications help you secure a well-located room and a fair rent.

Daily services

  • Libraries, reading rooms, and labs stay active through term.
  • Student canteens and cafés make healthy routines easier.
  • Medical support and counselling services are available; ask early if you need help.

Building a portfolio employers trust

A small, honest portfolio is the best proof of skill. Aim for four to six items that you can explain in five minutes.

Examples by field

  • Life sciences: a lab report with clear figures, methods, and limits.
  • Economics/management: a dashboard linked to a decision and a short memo.
  • Law/policy: a two-page brief that translates rules for a team.
  • Humanities/languages: a short catalogue or translation with an editorial note.
  • Computer science/data: a reproducible notebook with a readme and one clean visual.
  • Chemistry/materials: an analysis report with units, calibration, and uncertainty.

Each item should end with a “what to do next” suggestion. Employers value judgement, not just tools.

Career guidance and employer links

Career services connect students with internships and entry-level roles. Departments share postings and invite practitioners to speak in class. You can also join student associations that run case competitions, hackathons, and cultural projects—useful for testing your interests and meeting mentors.

What employers want to see

  • Clear communication in English and, over time, practical Italian.
  • Evidence of teamwork and responsibility.
  • Respect for ethics, privacy, and accessibility.
  • A plan for growth: what you want to learn next and why.

A simple application timeline

  • Months 1–2: Research
    Shortlist degrees where you can study in English; compare entry rules and course content.
  • Months 2–3: Documents
    Collect transcripts, translations, and language certificates if required.
  • Months 3–4: Applications
    Submit university forms and funding applications; track each deadline.
  • Months 4–6: Decisions
    Compare offers, support packages, and course fit.
  • Months 6–7: Arrival prep
    Book housing and travel; set up a budget; plan your first two weeks on campus.

Starting early leaves time to fix missing items and reduces stress before exams.

Why the Siena combination works

The University of Siena offers serious teaching in a setting that supports focus and community. You gain the structure of public Italian universities, the option to study in English, and access to funding routes such as the DSU grant and scholarships for international students in Italy. The city’s scale makes everyday life simple, while nearby industries provide internships and topics for your thesis.

If you value clear teaching, applied research, and a friendly student environment, this university-city combination is a strong fit.

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.

Finance (LM-16) at University of Siena

If you plan to study in Italy in English and build a high-trust finance career, the LM-16 master’s at University of Siena (Università degli Studi di Siena) offers a clear, skills-first path. It sits within English-taught programs in Italy and follows the steady rules used across public Italian universities. With good timing, the DSU grant and other scholarships for international students in Italy can reduce costs and, for some profiles, align with options often described as tuition-free universities Italy.

Finance is about sound decisions under risk. This degree teaches you to read statements with care, model cash and value, explain trade-offs, and lead teams through change. You practise the habits employers want: define the question, choose the right method, show the limits, and state the next step in plain English.

Why choose LM-16 Finance when you study in Italy in English

This programme turns theory into action. You start with principles, then use them on live-style cases and data. Teaching is in English, so you learn global vocabulary, present to mixed teams, and join international projects with confidence.

What this course builds in you

  • Financial fluency to read income, cash flow, and balance sheet as one story.
  • Valuation skills for projects, firms, and deals, with sensible assumptions.
  • Risk awareness that links operations, markets, and controls.
  • Data discipline for clean models and readable dashboards.
  • Clear writing so managers can act fast and safely.

Who benefits most

  • Graduates in business, economics, engineering, maths, or statistics who enjoy numbers and decisions.
  • Early professionals who want deeper finance tools and an academic upgrade.
  • Career changers who need a structured route into analysis, FP&A, or corporate finance.

Learning outcomes you can show

  • Turn a 100-page report into a one-page decision memo.
  • Build a cash model that survives real-world stress tests.
  • Explain a risk in numbers and plain words to non-specialists.
  • Design a dashboard that leads to one practical action.

How English-taught programs in Italy shape your LM-16 Finance degree

English-taught programs in Italy use the European Credit Transfer and Accumulation System (ECTS). A two-year master’s usually totals 120 ECTS across lectures, labs, seminars, internships, and a thesis or capstone. This structure gives you predictable goals and clear assessment.

Degree rhythm

  • Semester 1: financial reporting, management accounting, quantitative methods.
  • Semester 2: corporate finance, risk and derivatives basics, auditing and controls.
  • Semester 3: strategy and governance, analytics for finance, electives and internship.
  • Semester 4: thesis or capstone, defence, and professional portfolio.

Assessment you can plan for

  • Problem sets and case notes with published rubrics.
  • Data labs with a readme and versioned files.
  • Presentations that start with a decision, a number, and a risk.
  • Oral exams to test judgement across options.
  • A thesis that answers one focused question and creates a reusable asset.

Weekly study routine that works

  1. Set three measurable goals on Sunday.
  2. Work in focused blocks and log choices after each block.
  3. Ask for feedback mid-week; cut scope early if needed.
  4. Back up files in two places with clear names and dates.
  5. Review on Friday and write “what we learned” in five lines.

Core modules and skills

  • Financial accounting and analysis: recognition, measurement, consolidation, cash flows, and ratio logic.
  • Management accounting and control: costing, budgeting, rolling forecasts, and performance systems.
  • Corporate finance: capital budgeting, cost of capital, funding choices, and payout policy.
  • Risk and derivatives: hedging basics, limits, and when to avoid complexity.
  • Auditing and internal control: process maps, evidence, and action-led reporting.
  • Strategy and governance: linking resource choices to value and accountability.
  • Data for finance: spreadsheet discipline, reproducible modelling, and responsible charts.

Electives you can add

  • M&A and valuation practice.
  • Sustainable finance and non-financial reporting.
  • FinTech foundations: payments, credit, and regulation.
  • Supply chain finance and working capital design.
  • Pricing and revenue management.
  • Public sector finance and policy evaluation.

Learning by doing: labs and sprints

Each sprint ends with five parts: goal, method, results, limits, and next steps. You also include a “how to reproduce” note so a teammate can repeat your work.

  • Financial analysis clinic: extract core ratios, test a story against numbers, propose one action.
  • Budget and forecast sprint: build a rolling model, run two scenarios, state trade-offs.
  • Audit and controls lab: map a process, test a control, write a short management letter.
  • Cash workshop: optimise receivables, payables, and inventory with safe targets.
  • Analytics studio: design a one-page dashboard with units and dates—remove charts that do not drive action.

Professional writing you will practise

  • Policy memo (one page) with a decision, evidence, and risk.
  • Board summary (two pages) with options and a clear recommendation.
  • Technical note that explains a method and its limits.
  • After-action review that captures what worked and what to change.

Careers and skills from public Italian universities: where LM-16 graduates fit

Degrees from public Italian universities follow transparent quality rules and recognised credits. Employers value the mix of method, integrity, and delivery you practise throughout LM-16 Finance.

Roles you can target

  • Financial analyst or management accountant.
  • FP&A associate or business controller.
  • Corporate finance or treasury analyst.
  • Risk or internal audit analyst.
  • Data and reporting analyst for finance teams.
  • Sustainability reporting (ESG) associate.
  • Operations or supply chain finance analyst.
  • Consultant in performance improvement or deals.
  • Research assistant or PhD candidate in finance or management.

Sectors that recruit

  • Manufacturing, energy, and utilities.
  • Consumer goods and retail.
  • Technology and platforms.
  • Healthcare and life sciences.
  • Financial services and fintech.
  • Transport and logistics.
  • Professional services and consulting.
  • Education and research institutions.

Skills employers want to see

  • Problem framing: the smallest useful question before numbers.
  • Modelling discipline: separate inputs, logic, and outputs; test edge cases.
  • Communication: result first, then method, limits, and next step.
  • Stakeholder mapping: know who decides, who executes, and who is affected.
  • Ethics: privacy, fair reporting, and respect for controls.

Build a portfolio that proves your value

Aim for six to eight short pieces you can explain in five minutes each:

  1. Financial statement analysis with one risk and one action.
  2. Costing and pricing note with a sensitivity check.
  3. Budget and forecast model with scenario summary.
  4. Audit and controls memo with owners and dates.
  5. Working capital dashboard with thresholds and alerts.
  6. Investment appraisal with NPV, IRR, and rationale.
  7. ESG metrics pack tied to operations and checks.
  8. Thesis proposal with question, method, milestones, and risks.

Keep files anonymised and tidy. Add one figure, one paragraph, and a reproducible path to each item.

Funding, DSU grant, and routes toward tuition-free universities Italy

Studying within public Italian universities means clear, income-based fees and published deadlines. International learners can combine supports to stabilise their budget and protect study time.

DSU grant (Diritto allo Studio Universitario)

  • May include a tuition reduction or waiver, a cash scholarship in instalments, and services that lower daily costs.
  • Requires family income and identity documents; some may need translation or legalisation (official recognition).
  • Deadlines are strict—create a checklist and track renewal rules for credits and grades.

Scholarships for international students in Italy

  • Merit awards for strong grades, projects, or leadership.
  • Mobility support to ease relocation and first-month costs.
  • Departmental awards linked to accounting, analytics, or corporate finance.
  • Paid student roles under academic rules with set hours.

Paths toward lower net cost

Not every student receives a full waiver. Yet many combine a DSU grant with targeted scholarships for international students in Italy to lower fees sharply. Early, accurate applications matter. Keep copies, confirm submissions, and use a calendar for renewals. Even without a full waiver, steady support helps you focus on classes, labs, and your thesis.

Simple budget plan

  1. Map fixed and variable costs by semester.
  2. Add a small buffer for exams, software, or travel to a defence.
  3. Use student services to cut routine spend.
  4. Track weekly costs; adjust gently when needed.
  5. Revisit your plan at mid-term and before each renewal.

What you actually study: a closer look at the LM-16 toolkit

Financial reporting and analysis

  • Recognition and measurement of revenue, costs, assets, and liabilities.
  • Group reporting basics and the logic behind consolidation entries.
  • Cash flow statement structure linked to operating and free cash flows.
  • Ratio analysis that connects profitability, liquidity, and leverage.

Management accounting and control

  • Cost behaviour and cost–volume–profit analysis.
  • Budgeting systems and rolling forecasts that adapt to change.
  • Performance frameworks such as balanced scorecards and OKRs.
  • Transfer pricing principles for internal trades.

Corporate finance and valuation

  • Time value of money and investment decision rules.
  • Cost of capital estimates and scenario testing.
  • Capital structure choices and resilience in downturns.
  • M&A overview: value logic, diligence, and integration steps.

Risk, audit, and governance

  • Process maps, control testing, and evidence quality.
  • Fraud risk awareness and response planning.
  • Risk registers with owners, thresholds, and review rhythm.
  • Governance structures that align oversight and strategy.

Data and technology for finance

  • Spreadsheet hygiene and version control.
  • Descriptive analytics and responsible visualisation.
  • Forecasting basics with transparent assumptions.
  • Dashboard design: one page, one purpose, with units and dates.
  • Data ethics: privacy, consent, and fair use across teams.

Sustainable finance and non-financial reporting

  • Material topics that matter to stakeholders and cash.
  • Metrics that connect operations to environmental and social impacts.
  • Assurance pathways for non-financial information.
  • Linking sustainability choices to cost, risk, and growth.

Study discipline: habits that raise your grade and your impact

Modelling habits

  • Name tabs and ranges; avoid hidden hard-codes.
  • Separate assumptions from logic; test extremes.
  • Keep an audit sheet with changes and reasons.

Communication habits

  • Use short sentences and define terms once.
  • Put the decision first; show evidence and risk next.
  • Label every axis and table with units and dates.

Team habits

  • Document owners, deadlines, and risks after meetings.
  • Review a shared risk log weekly.
  • Thank reviewers; record their fixes.

Admissions and preparation

Selection looks for readiness in accounting, finance, maths, and writing. You do not need to be an expert in every tool, but you must show discipline and curiosity.

Who should apply

  • Graduates in business, economics, accounting, finance, or related fields.
  • Applicants from other areas with strong motivation and a plan to fill gaps.

Preparation that helps

  • Accounting basics and financial mathematics.
  • Introductory statistics for managers.
  • Spreadsheet modelling with clean structure.
  • Clear English writing for short memos.

Typical application items

  • Degree certificate and transcripts (with translation if required).
  • One- or two-page CV.
  • Motivation letter tied to finance goals.
  • Language certificate if requested.

Apply early so there is time to correct missing items and prepare funding documents.

Thesis guidance: choose a small, useful question

Your thesis should change one decision with one solid figure and one honest limit. Pick a dataset and context you can access on time.

Good themes

  • Forecast accuracy: do rolling forecasts beat annual budgets in your chosen setting?
  • Cost drivers: which lever moves margin most, and by how much?
  • Working capital: how do payment terms affect cash and churn?
  • Risk controls: does a revised control cut errors without slowing teams?
  • Sustainability metrics: which measure predicts energy or waste costs best?

Outputs employers value

  • A one-page executive summary with a number and a risk.
  • A main report with clear figures and limits.
  • A reproducible appendix with steps or code.

Professional integrity and ethics

Finance shapes choices that affect people and communities. The programme trains you to act with care.

  • Respect privacy and data boundaries.
  • Report uncertainty and avoid over-claiming.
  • Separate facts, judgement, and advocacy.
  • Declare conflicts of interest and avoid pressure.
  • Build controls that help teams work faster and safer.

These habits increase trust, speed, and value in every role.

Bringing it all together

Finance (LM-16) at University of Siena (Università degli Studi di Siena) offers a rigorous, practice-ready route into analysis, control, and value creation. You study in English, master the tools that drive decisions, and build a portfolio that proves your impact. As part of public Italian universities, the programme provides clear fee rules and access to the DSU grant and scholarships for international students in Italy. With a steady study rhythm and honest reporting, you can manage costs, grow skills month by month, and graduate ready to explain numbers—and act on them.

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.

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