MSc in Finance and Risk Management | metrics table at end of article
While many quant finance schools tout their links with the financial industry, the University of Florence places the emphasis elsewhere. “Some quant finance degrees are very focused on the market or the business side. A large part of this degree is spent covering fundamental matters,” says Antonio Iannizzotto, a professor on the university’s master’s programme in finance and risk management. “Where we want to keep up-to-date is in the workshop space.”
The university website describes the two-year, English-language programme as “a combination of economic theory for finance with mathematical methods – probability theory, statistics, numerical analysis – for finance and insurance”. Students are not allowed to choose their courses until the second year; Iannizzoto explains: “We want to give them knowledge of specific subjects.” The optional subjects are taught in what are known as workshops rather than classes, and cover new topics such as ethical finance or provide additional training in topics covered earlier.
“On the insurance side, we would like to introduce a workshop on innovation in insurance. What we currently teach is classic insurance,” says Iannizzotto.
All but one of the teachers on the programme are academics rather than practitioners. The exception is Lorenzo Parrini, partner at Deloitte, who runs the workshop in advanced corporate finance.
Simone Biondi graduated with the master’s in 2015 and currently works at Bloomberg as an equity analyst. “The master’s was well structured,” he says. “You have a good overview of all aspects of finance: corporate finance, derivatives, computational finance and a little bit of accounting.” There is no cap on the number of students.
Under a recently signed agreement, students can spend their second year at Warsaw School of Economics on the master’s in finance and accounting, obtaining both degrees at the end. In each academic year, up to five students from each of the two master’s programmes can make the switch.