Finance and Banking, M.Sc.

  • Application Deadline
  • 24 months
  • English (book IELTS)
University rank #301 (ARWU) ,
The Master of Science in Finance and Banking from Tor Vergata University of Rome   (LM-16) is a two-year programme designed to provide the theoretical and practical skills needed for a successful career in finance.


The School of Economics of the University of Rome “Tor Vergata” is ranked in the top 10% worldwide among Economics Department by RePec/Ideas (Jan. 2016).

To integrate theory and practice, we make an extensive use of MATLAB (the high-level computing language developed by MathWorks), we analyze news and market data with Thomson Reuters Datastream and Eikon, and compare investment funds with the Morningstar extensive database.

Most of our students finish their studies on time and get their first occupation in banks, trading houses, insurance companies, agencies and institutions. Some of them continue their studies in qualified Ph.D. programmes (visit the alumni page for more information). A dedicated office follows our students before and after their graduation and meetings with finance professionals are organized regularly to provide our students with useful constacts and advices to access to the job market.

The Erasmus Plus and Erasmus Mundus programs allow our student to spend one or two semesters abroad in our partner institutions worldwide. It is also possible to obtain a Dual Degree issued by the School of Business, Economics and Law of the University of Gothenburg.

Career Opportunities

The course trains risk managers, traders, asset managers, financial engineers, risk consultants, quantitative analysts, experts in financial software who can operate in banks, trading houses, companies managing pension funds, insurance companies, information providers focusing on the design of dedicated management applications. Refer to the program website for more detailed information about the placements of our alumni.

Programme Structure

Courses include:
  • Asset Pricing
  • Asset Management
  • Corporate Finance
  • Financial Econometrics
  • Financial Market Models
  • Theory of Banking
  • Investment Banking
  • Credit Risk Models
For more information, please visit the program website.

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 24 months
  • Credits
    120 ECTS

  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:


    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Book IELTS
  • Minimum required score:


    The TOEFL – or Test OF English as a Foreign Language – offers a paper-based test (PBT). The final, overall PBT score ranges between 310 and 677, and is based on an average taken from the three test components (listening, structure, and reading). The writing part of this test is scored separately on a scale of 0-6. Read more about TOEFL (PBT).

  • Minimum required score:


    The TOEFL – or Test Of English as a Foreign Language – offers an internet-based test (iBT). The final, overall iBT score ranges between 0 and 120, and includes a scaled average from the four components (reading, listening, speaking, and writing). Read more about TOEFL (iBT).

Academic Requirements

Eligibility Criteria

International applicants must have a three-year undergraduate degree. Preferences will be given to students with a degree in Economics, Business, Mathematics, Physics, Statistics, and Engineering, but other background will be also taken into consideration, mostly basing on the student’s motivation. Italian applicants must have a three-year undergraduate degree or be near completion or a postgraduate degree.

Required Documents

Applications for admission must be submitted on-line along with the following documents:

  • Student Transcripts (translated into English): these should include all undergraduate exams and marks, as well as any postgraduate programme. Please include a table that shows your University's grading system and the minimum and maximum obtainable scores. Undergraduate GPA and transcripts are an indication of previous academic performance;
  • Curriculum Vitae (any format): the Admission Board will verify the information in the CV and evaluate applicants' overall profile, experience and knowledge;
  • Personal statement
  • Reference letter from one referee (Professor or former Employer): once the contact details of the referee are inserted, the system will automatically send out a request to the referee to upload the reference letter. The referee should follow the instructions in the automated reply;
  • Scores of international tests, like GRE or GMAT are recommended, but not strictrly required.
English language knowledge:

No English proficiency certificates are required from students who are citizens of countries where English is one of the official languages and/or from students who have been awarded a degree from institutions where the programme has been taught in English.

For the other candidates, the language proficiency will be assessed by an interview. Alternatively, it can be proven by one of the following certificates not older than 3 years:

  • International English language Testing System (IELTS) – minimum score 6.0
  • First Certificate (FCE) - University of Cambridge ESOL Exam.
  • Business English Certificate (BEC) - vantage level - University of Cambridge ESOL Exam
  • Test of English as a Foreign Language (TOEFL): IBT (Internet Based Test) minimum score 65; PBT (Paper Based Test) minimum score 513; CBT (Computer Based Test) minimum score 183
  • Trinity College of London - Integrated Skills Examinations – ISE II

Tuition Fee

  • International Applies to you

    156 EUR/year
    Tuition Fee
    Based on the original amount of 156 EUR per year and a duration of 24 months.
  • EU/EEA Applies to you

    156 EUR/year
    Tuition Fee
    Based on the original amount of 156 EUR per year and a duration of 24 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
  • Students with an ISEEU lower than 13.000 euro are in the tuition “no-tax area” and will only be charged with a tuition of 156,00 euro per year; students applying for the Laziodisu scholarship benefits will only be charged with 16,00 euro (2).
  • Students with an ISEEU ranging between 13.001 and 30.000 euro will be charged with a fee not higher than 1.190,00 euro.
  • For students with an ISEEU higher than 30.000 euro, tuition fees rise linearly for ISEEUs lower than 90.000 euro; for ISEEUs greater than 90.000 euro, tuition fees remain constant at the maximum tuition level.
  • Maximum tuition fee is 4100 euro

Living costs for Roma

850 - 1450 EUR/month
Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


The Lazio region, in order to facilitate and deserving students without financial resources, provides scholarships to all students who wish to enroll at Universities, Schools of fine arts, and Higher Colleges of Higher Education, based in Lazio, intending to achieve, for the first time, a title of Bachelor, Master of Science, or who intend to enroll in a Ph.D without a grant or a graduate school.

The maximum amounts are set as follows:

  • € 1.925,37 for local students
  • € 2.816,04 for commuters students
  • € 5.108,14 for non-local students

StudyPortals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, StudyPortals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.