MSc in Finance and Economics

M2 : Risk Management track

Curriculum

The Risk Management track is divided into four modules:

Semester 3:

• Risk Management Module
  • Analysis and Management of Risks
  • Banking Activity and Risks
  • Investment Funds and Risks
  • Risk Management in Insurance

• Elective courses Module (common for all tracks)

Semester 4:

• Academic Master Thesis or Internship and Applied Master Thesis Module
• Advanced Data Analytics and Digitization Module (common for all tracks)

The Risk Management Track targets students who seek to gain expertise in the risk management divisions of financial and non-financial organizations. The objective of the Track is to equip students with quantitative modelling skills and statistical tools to approach risk management decisions, as well as with a deep knowledge of the business processes and regulatory environment of the key financial organizations, namely banks, investment funds and insurance companies. In accordance with that aim, the modules cover fundamental subjects of risk management and the application of quantitative risk management tools. Three modules dedicated to risk management in banks, investment funds and insurance companies bridge the gap between theory and practice and provides students with a modern set of skills that apply to different industries and regulatory environments.

Finally, students are given the option to complete either an internship with an Applied Master Thesis, or an Academic Master Thesis.

• Internship and Applied Master Thesis: Students do an internship within the public or private sector for a minimum duration of 12 weeks (with the option to negotiate a longer placement depending on the availability of the student and hosting company/institution). Each student has to submit an Applied Master Thesis. The topic of this thesis is coordinated between the student, an academic supervisor and the company supervisor. The Faculty of Law, Economics and Finance provides some support to students in obtaining a placement as well as drawing up internship contracts between the hosting institution and the student.
• Academic Master Thesis: Topics for the academic master thesis are coordinated together with the programme director and thesis supervisor. The Master thesis is an independent piece of research that should showcase a thorough understanding of the chosen topic as well as the appropriate research methodology. 

Learning outcomes

• Provide a comprehensive view of the dynamics emerging in the risk management field for different types of organizations (banks, investment funds, insurances)
• Rigorously evaluate the types of risks organizations face in modern times
• Be familiar with the statistical and quantitative tools of risk management in banks, investment funds, insurance
• Have an in-depth knowledge of how to apply risk management tools in the context of banks, investment funds and insurance companies
• Ascertain, interpret and communicate information coming from data analysis
• Assess the impact of risks that organizations faces of their business, both in isolation and in terms of cumulative impact
• Develop strategies that prepare organizations to respond to threats and seize opportunities deriving from external events
• Acquire communication and key soft skills, and be familiar with values such as ethics and social responsibility
• Gain exposure to the risk management sector, opportunities for professional networking

Prerequisite

Successful completion of the first year (M1) of the MSc in Finance and Economics or any other equivalent MSc programme.

• Equity & fixed Income Analysis
• Derivatives

Employability

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