Guides to the university

2026-2027 A.Y.

Master of Science and Master of Arts Programs (2-y)



2.13.4. Program Structure for Students initially enrolled starting from the 2025-2026 Academic Year

The program structure of the Master of Science in Finance comprises educational activities for a total of 120 credit points and is divided into different tracks:

  • Finance Track
  • Finance Global Experience Track

Last change 15/07/2026 15:27


2.13.4.1. Program Structure - Finance Track

The program structure is valid for the students initially enrolled in the academic years of reference for this section.

First year of studies

 

 

First semester

 

Code

Educational activity

CP

20941

Behavioural skills seminars

2

20127

Corporate finance (Business valuation)

6

20999

Empirical finance

8

20998

Financial reporting and analysis lab

3

20131

Investment banking

6

20188

Quantitative finance and derivatives - Module 1 (See note)

7

 

Second semester

 

Code

Educational activity

CP

21000

Financial data science

6

20193

Financial institutions and markets law

6

20189

Quantitative finance and derivatives - Module 2 (See note)

6

20163

Risk management and value in banking and insurance

6

20135

Theory of finance

6

 

Total CP of the first year of studies

62

 

NOTE:

  • code 20188 ‘Quantitative finance and derivatives - Module 1’ and code 20189 ‘Quantitative finance and derivatives - Module 2’ are respectively the first and second module of the course code 20187 ‘Quantitative finance and derivatives’.

 

Second year of studies

Educational activities

CP

4 elective courses

24

20637 Professional English seminars (lessons + exam)

2

Second language (lessons + exam 1st sem 2nd year)

4

one activity chosen from among:

21005 Climate Finance Lab

Enhancing experience - Curricular supplementary activities*

2

Internship or similar activities

8

Thesis

18

Total CP of the second year

58

* for detailed information on Enhancing experience - Curricular supplementary activities, see chapter 2.1.2.4 “Enhancing experience - Curricular supplementary activities”.

The courses subdivided in modules are considered passed, and may be recorded in the student academic career and certified, only after passing both exams of which it is made up. The final grade is obtained by the grade point average of the two marks compared to the credits and rounded up if decimals are equal or higher than 5, rounded down if they are lower than 5.

It is furthermore specified that the credit points and the grades earned for the individual modules passed will be taken into account for rankings within the University (e.g. ISU Scholarship, selection for International Programs, etc.) and they can be viewed by printing the unofficial academic transcript at Punto Blu.

Some highly-motivated and deserving MSc students will be allowed to include up to two PhD courses in their study plan. Of these, they can request recognition of 1 course in place of an MSc elective freely chosen and 1 course as an additional one. For detailed information on how to choose such courses, rules, administrative deadlines and recognition procedures see "Higher Level Courses".


Some opportunities to study abroad such as the Exchange Program lasting one semester and Double Degree programs are offered (see "International opportunities").

For detailed information about languages see "Languages".


Last change 16/07/2026 15:27


2.13.4.2. Program Structure - Finance Global Experience Track

The program structure is valid for the students initially enrolled in the academic years of reference for this section.

First year of studies

 

 

First semester

 

Code

Educational activity

CP

21004

Behavioural skills seminars  inclusive communication in multicultural environments

2

20127

Corporate finance (Business valuation)

6

20999

Empirical finance

8

20998

Financial reporting and analysis lab

3

21052

International investment banking

6

20188

Quantitative finance and derivatives - Module 1 (See note)

7

 

Second semester

 

Code

Educational activity

CP

21000

Financial data science

6

21049

International financial institutions and markets law

6

21001

Investments: an international perspective

6

20189

Quantitative finance and derivatives - Module 2 (See note)

6

20163

Risk management and value in banking and insurance

6

 

Total CP of the first year of studies

62

NOTE:

  • code 20188 ‘Quantitative finance and derivatives - Module 1’ and code 20189 ‘Quantitative finance and derivatives - Module 2’ are respectively the first and second module of the course code 20187 ‘Quantitative finance and derivatives’.

 

Second year of studies

Educational activities

CP

4 elective courses*

24

20637 Professional English seminars (lessons + exam)

2

Second language (lessons + exam 1st sem 2nd year)

4

one activity chosen from among:

21005 Climate Finance Lab

Enhancing experience - Curricular supplementary activities**

2

Internship or similar activities

8

Thesis

18

Total CP of the second year

58

* The study plan must include elective courses exclusively taught in English.This requirement does not apply to students participating in an exchange program, provided that the courses are recognized as part of their study plan.

**for detailed information on Enhancing experience - Curricular supplementary activities, see chapter 2.1.2.4 “Enhancing experience - Curricular supplementary activities”.

The courses subdivided in modules are considered passed, and may be recorded in the student academic career and certified, only after passing both exams of which it is made up. The final grade is obtained by the grade point average of the two marks compared to the credits and rounded up if decimals are equal or higher than 5, rounded down if they are lower than 5.

It is furthermore specified that the credit points and the grades earned for the individual modules passed will be taken into account for rankings within the University (e.g. ISU Scholarship, selection for International Programs, etc.) and they can be viewed by printing the unofficial academic transcript at Punto Blu.

Some highly-motivated and deserving MSc students will be allowed to include up to two PhD courses in their study plan. Of these, they can request recognition of 1 course in place of an MSc elective freely chosen and 1 course as an additional one. For detailed information on how to choose such courses, rules, administrative deadlines and recognition procedures see "Higher Level Courses".

Some opportunities to study abroad such as the Exchange Program lasting one semester programs are offered (see "International opportunities").

For detailed information about languages see "Languages".

! The Finance Global Experience track includes a required study abroad experience (Exchange Program or internship) preferably in a country other than the student's country of origin.


Last change 16/07/2026 15:33




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