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Master in International Accounting and Management
#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.

International Accounting and Management (LM-77) at University of Siena

If you plan to study in Italy in English and want a career in finance, control, and leadership, this LM-77 master’s offers a clear route. It belongs to English-taught programs in Italy and sits within the trusted system of public Italian universities. With careful planning, the DSU grant and scholarships for international students in Italy can reduce costs and, for eligible profiles, align with paths often described as tuition-free universities Italy.

International Accounting and Management trains you to read numbers, manage risks, and guide teams. You learn reporting rules, performance tools, and strategy. You also practise writing clear memos so managers can act fast.

Why choose LM-77 when you study in Italy in English

This degree focuses on decisions. You move from theory to real cases, and from spreadsheets to boardroom language. Teaching is in English, so you can handle global standards and speak to international teams.

What the programme builds in you

  • Financial fluency: understand reports, cash flows, and value drivers.
  • Control and performance: design budgets, scorecards, and KPIs that people use.
  • Governance and ethics: set rules that protect reputation and value.
  • Data discipline: clean, analyse, and explain data in plain English.
  • Leadership: align people, processes, and targets under time pressure.

Who thrives here

  • Business or economics graduates seeking depth in accounting and management.
  • Engineers or science graduates who enjoy data and want managerial roles.
  • Early professionals who need an academic upgrade to move into finance or consulting.

Learning outcomes you can show

  • Turn a complex report into a one-page decision note.
  • Explain the effect of a policy on cash, profit, and risk.
  • Build a dashboard that leads to one sensible action.
  • Write a short plan that sets owners, dates, and controls.

English-taught programs in Italy: how LM-77 is structured and assessed

As part of English-taught programs in Italy, the master’s typically totals 120 ECTS over two years under the European Credit Transfer and Accumulation System. Credits come from lectures, labs, seminars, internships, and a thesis or capstone.

Semester rhythm

  • Semester 1: financial reporting, management accounting, quantitative methods.
  • Semester 2: corporate finance, auditing and assurance, operations and supply chain.
  • Semester 3: strategy, international taxation basics, analytics for managers, electives.
  • Semester 4: internship or project and thesis with defence.

Assessment you can plan for

  • Problem sets with clear marking rubrics.
  • Case notes and presentations for managers with time limits.
  • Data labs with a readme and reproducible steps.
  • Oral exams to test judgement under questions.
  • A thesis or capstone that solves one defined problem.

Weekly study routine that works

  1. Set three measurable goals every Sunday.
  2. Log decisions and results after each study block.
  3. Ask for feedback mid-week; adjust scope early.
  4. Back up files and notes in two places.
  5. Review on Friday; plan next steps.

Curriculum overview: the toolkit of International Accounting and Management

Financial accounting and reporting

You gain fluency in the main financial statements and the rules behind them. You learn how policy choices change reported results and how to explain those effects to non-specialists.

Topics and skills

  • Recognition and measurement of assets, liabilities, and revenue.
  • Consolidation logic and group reporting.
  • Cash flow statement analysis linked to liquidity and solvency.
  • Financial statement analysis: ratios, trends, and red flags.
  • Narrative reporting and the link to risk and strategy.

Outputs

  • A two-page analysis that highlights one problem and one decision.
  • A model that shows how a policy shift changes the numbers and risk.

Management accounting and control

You design tools that help teams deliver. The aim is not many metrics, but the right few.

Topics and skills

  • Costing methods and cost–volume–profit logic.
  • Budgeting and rolling forecasts that adapt to change.
  • Performance systems: balanced scorecards, OKRs, and alert thresholds.
  • Transfer pricing principles in simple terms for internal trades.
  • Project appraisal with NPV, IRR, payback, and sensitivity checks.

Outputs

  • A scorecard with owners, targets, and review rhythm.
  • A one-page investment note with a number, a risk, and a next step.

Corporate finance and value

You connect funding to strategy. You learn how capital structure, risk, and returns interact.

Topics and skills

  • Time value of money and capital budgeting.
  • Cost of capital and financing choices.
  • Working capital levers for cash safety.
  • M&A basics: value logic and clean integration steps.
  • Dividend and buyback policies explained for boards.

Outputs

  • A short memo comparing two funding options with trade-offs.
  • A cash plan that protects operations without waste.

Auditing, assurance, and internal control

You learn how assurance works and why it matters. You practise risk logs and test plans.

Topics and skills

  • Audit risk model in simple language.
  • Internal control frameworks and segregation of duties.
  • Sampling logic and evidence quality.
  • Fraud risk awareness and response steps.
  • Reporting findings that lead to fixes.

Outputs

  • A risk-and-controls map for one process.
  • A management letter with actions, owners, and dates.

Strategy, operations, and supply chain

Accounting supports decisions; strategy sets direction. You link both.

Topics and skills

  • Competitive analysis and capability building.
  • Operations metrics: throughput, quality, and cost.
  • Supply chain risk and resilience planning.
  • Make-or-buy decisions with clear assumptions.
  • Pricing and revenue management basics.

Outputs

  • A one-page route-to-profit plan for a product line.
  • A supplier risk dashboard with clear alerts.

Data analytics for managers

You use numbers to guide action, not to show off. You learn to keep data tidy and choices transparent.

Topics and skills

  • Spreadsheet discipline and modelling checks.
  • Descriptive analytics and responsible visualisation.
  • Diagnostic and predictive basics with simple models.
  • Dashboard design: one page, one purpose, with units and dates.
  • Data ethics: privacy, consent, and fair use.

Outputs

  • A dashboard that answers one question for one team.
  • A short note that states limits and the next safe test.

Governance, sustainability, and responsibility

Good governance protects value over time. You learn how reporting and risk work together.

Topics and skills

  • Board roles, committees, and accountability.
  • Risk registers and early-warning indicators.
  • Sustainability and non-financial reporting in clear terms.
  • Compliance culture and speak-up channels.
  • Crisis playbooks for finance and operations.

Outputs

  • A risk log with owners and review dates.
  • A concise non-financial metrics pack linked to strategy.

International taxation basics for managers

You receive a practical overview for planning and compliance. The focus is on clear boundaries and when to seek expert advice.

Topics and skills

  • Corporate tax concepts in plain words.
  • Effects of tax rules on cash and investment.
  • Transfer pricing concepts for internal deals and documentation.
  • Indirect taxes and cross-border operations overview.
  • Ethical tax principles and disclosure.

Outputs

  • A planning note that flags issues and next steps with specialists.
  • A calendar for filings and responsibilities.

Skills you will practise every week

  • Problem framing: write the smallest useful question before you model.
  • Modelling discipline: build simple, testable models with version control.
  • Communication: start with the finding, show the method, state limits.
  • Stakeholder mapping: know who decides and who executes.
  • Learning loop: run a pilot, measure, and improve.

Writing formats you will master

  • Policy memo (one page with a decision and risk).
  • Board summary (two pages at most).
  • Technical note (method, checks, and limits).
  • After-action review (what worked, what did not, what to change).

Public Italian universities: DSU grant, scholarships, and steady support

This LM-77 sits within public Italian universities, which use transparent fee rules and clear calendars. International learners can apply for funding that protects time for study and internships.

DSU grant (Diritto allo Studio Universitario)

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

Scholarships for international students in Italy

  • Merit awards for strong transcripts or impactful projects.
  • Mobility support for relocation and start-up costs.
  • Departmental awards linked to accounting, control, or analytics.
  • Paid student roles under clear rules.

Simple funding plan

  1. List documents and deadlines today.
  2. Prepare certified translations if needed.
  3. Submit early and confirm receipt.
  4. Track renewal rules in a calendar.
  5. Save decisions, payments, and receipts in one folder.

Pathways toward tuition-free universities Italy: plan your budget with care

While full waivers depend on eligibility, many students combine supports to keep expenses predictable. With a DSU grant plus targeted scholarships for international students in Italy, your out-of-pocket cost can fall sharply. Careful timing matters: early applications leave room to fix gaps and secure the best outcome. Even without a full waiver, steady support lets you focus on classes, projects, and the thesis.

Budget tips

  • Plan by semester, not by year; match costs to milestones.
  • Use student transport and campus services to cut routine spend.
  • Build a small buffer for exam fees, software, or equipment.
  • Keep a weekly cost log; small savings add up over a term.

Learning by doing: labs, cases, and studio work

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

Example labs

  • Financial analysis clinic
    Extract ratios, test a story against the numbers, and propose one action.
  • Budget and forecast sprint
    Build a rolling model and run two scenarios; state the trade-offs.
  • Audit and controls lab
    Map a process, test a control, and write a short management letter.
  • Cash and working capital workshop
    Model receivables and inventory levers; show safe targets.
  • Analytics studio
    Design a dashboard for one decision; remove any chart that does not drive action.

Studio project ideas

  • A price-change playbook with measures for demand and risk.
  • A simple credit policy with cut-offs and review rhythm.
  • A supplier scorecard that balances cost, quality, and resilience.
  • A sustainability metrics pack tied to operations, not just claims.

Career paths after International Accounting and Management

Your toolkit travels across sectors and countries. Titles change, but the core job is to turn data into decisions and to protect value.

Roles graduates often take

  • Financial analyst or management accountant
  • Business controller or FP&A associate
  • Internal auditor or risk analyst
  • Corporate finance or treasury analyst
  • Consultant in performance improvement or deals
  • Data and reporting analyst for finance teams
  • ESG and non-financial reporting associate
  • Operations or supply chain analyst
  • Entrepreneur or early hire in a growth venture
  • Research assistant or PhD candidate in management topics

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

What employers want to see

  • Clear writing and presentation in English.
  • Clean models and reproducible steps.
  • Respect for privacy, ethics, and controls.
  • Evidence that your work changed a decision.

Build a portfolio that proves your value

A compact, honest portfolio beats a long list of claims. Aim for six to eight pieces you can explain in five minutes each. Keep files tidy and anonymised.

Suggested items

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

Update your portfolio monthly. Add one figure, one paragraph, and a reproducible path each time.

Thesis guidance: pick a focused question that helps a real decision

Your thesis should answer a small, important question with a method you can defend. Choose a dataset and context you can access on time.

Possible themes

  • Forecast accuracy: do rolling forecasts beat annual budgets in a given setting?
  • Cost drivers: which operational lever moves margin most, and by how much?
  • Payment terms: how do changes affect cash and churn?
  • Audit efficiency: does a revised control cut errors without slowing teams?
  • Sustainability metrics: which measure predicts waste or energy cost best?

Outputs that 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 habits that raise your grade and your impact

Small routines build trust and speed.

Modelling habits

  • Name tabs and cells; avoid hard-coded surprises.
  • Separate inputs, logic, and outputs.
  • Test edge cases and record results.

Communication habits

  • Use short sentences and define terms once.
  • Put units and dates on every chart.
  • Start with the decision, then the evidence, then the risk.

Team habits

  • Document who does what by when.
  • Keep a shared risk log and review it weekly.
  • Close meetings with a written summary and owners.

Admissions and preparation

Committees look for readiness in accounting, finance, and data. You do not need to be an expert in all tools, but you must show discipline and curiosity.

Who should apply

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

Preparation that helps

  • Accounting basics and financial maths.
  • Excel and spreadsheets with clean models.
  • Introductory statistics for managers.
  • Clear English writing for short memos.

Typical application set

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

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

Ready for this programme?
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