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M.Sc. in Economics of Money, Credit and Finance

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We are delighted to announce you the launch of the I edition of the M.Sc. in Economics of Money, Credit and Finance (EMCF) at the Department of Economics and Law of the Sapienza University of Rome. The Programme is a one-year full-time M.Sc. degree, that provides a unique combination of training in advanced economic theory and finance alike. Specifically, it focuses on the key areas of advanced economics, quantitative methods, finance and banking theory.

The M.Sc. will provide you with a comprehensive foundation in economics and finance. After attending, you will be able to address problems in finance and banking by also using your knowledge of economic theory to gain additional insights. Moreover, a rigorous training in econometrics will allow you to make sound empirical investigations.


For those wishing to continue deepen their studies, the M.Sc. provides you with a number of opportunities. Graduates from EMCF can apply for two-year master programs offered by the Department of Economics and law. In such a case, they will be directly enrolled to the second year, as all the exams pursued during the M.Sc. in Economics of Money, Credit and Finance will be automatically recognized as fulfilling the first year of the Degree. The Department offers two programs, entirely taught in English, they are the Master of Science in Macroeconomic policies and financial markets (LM-56) and the Master of Science in Competition and market regulation (LM-56). They can apply to other programs in Italy or abroad (exam validations will then depend on the specific regulation of the host institution). Graduates wishing to pursue their studies outside Italy can apply for a scholarship to study to some M.Sc. Finance Programmes to prestigious Finance Departments in London. These scholarships help covering the tuitions fees, and are conditional to obtaining an adequate IELTS certification. Either paths will help those aiming for a subsequent doctoral degree (PhD).

For those wishing to work in the finance industry, the M.Sc. provides then with excellent training for a career in financial institutions, consultancies, Ministries of Finance or Economics as well as central banks. Graduates may operate in the office of financial management of banks or other public or private institutions. They also work as private consultants. Potential career profiles include analysts and financial advisers, operators of financial markets and financial intermediaries, professionals in the management of programs and projects of international development, employees in the departments of finance, financial institutions or international economic institutions. By its rich stage program, the Master represents a useful instrument to have a guaranteed contact with investment firms, investment funds, banks, financial intermediaries, research institutions, and financial regulators, where you will be working as a research assistant.


Students must acquire 60 ECTS to complete the program; among them, some credits are devoted to dissertation writing and stages. The program is organized in three terms.

After, preliminary courses in Math, Statistics, and English, in the first two terms, a well-balanced study track builds strong quantitative skills coupled with a sound knowledge of advanced economics and finance. The first – term is dedicated to the foundations of economics, finance, and quantitative methods (e.g., business cycle theories, basic econometrics, and asset theory). The second – term focuses on more applied issues in economics and finance (e.g., applications in financial econometrics, evaluation of the financial and credit risk, asset pricing, banking and financial – market regulation).

In the third term, you will write a dissertation and spend some time in a stage outside the university. In developing the final dissertation, you will work together with a member of staff on a topic of your interest and apply your knowledge to a specific problem. The stage at the end of the study program represents a unique opportunity to get in touch with the financial sector and public institutions and to translate into practice the study program insights.


A payment of tuition fees on an annual basis is required. The amount of fees is 5.000 euro (paid in two installments, 2.500 euro each). Fees are all designed to provide funding to the department, allocated to assist the research project, and therefore to assist the student in their studies. They cover a wide variety of research-related items/activities – including project costs, incidental costs, laboratory consumables, printing, and photocopying.