An Upper Level Master of the ESOMAS Department at the University of Torino

About the master

The Master in Finance, Insurance, and Risk Management prepares for a career in highly-skilled jobs in the financial industry. Graduates use their advanced quantitative finance and econometrics skills in asset management, banks, insurers, hedge funds, consulting firms and major corporations. Such skills also open up opportunities in institutions like central banks, regulators, sovereign wealth funds and sovereign organizations. The outstanding academic background provided by the program also allows graduate students fast-track access to PhD programs in finance.

NEW

APPLICATIONS FOR 2023/2024


APPLY NOW

First-round deadline: December 20, 2022

Merit-based tuition fee waivers are available

PROGRAM STRENGHTS

  • A selected Faculty from leading universities, alongside the experience of finance and banking professionals.
  • Everyday contact with the scholars and researchers of Collegio Carlo Alberto and access to the scientific activities and events hosted at the Collegio.
  • Merit-based tuition waivers offered by our sponsors.
  • Career days and an outstanding network of our Alumni.
  • A New FinTech Sequence, alongside the traditional Quantitative Finance backbone.
  • The award of a second level Master in Finance, Insurance, and Risk Management degree from the University of Torino.
  • A fast track access to the PhD Programme in Finance.

PLACEMENT

Placement record for previous graduates is excellent. It includes a variety of firms, banks, and organizations in the financial industry.

INTERNATIONAL INDUSTRIES AND BANKS

Abalolone Asset Management, AIB Bank, Allianz Bank, Amundi , BNP Paribas, Crédit Agricole, Crédit Suisse Zurich, Citigroup, Deutsche Bank, EY, Goldman Sachs, Fitch Ratings, JP Morgan Luxembourg, KPMG, Oliver Wyman, PricewaterhouseCoopers, Royal Bank of Scotland, State Street Bank, UBS Zurich.

ITALIAN INDUSTRIES AND BANKS

Banca del Piemonte, Banca Mediolanum, Banca Patrimoni Sella, Compagnia di San Paolo, Enel, Ferrero Spa Finance, Fiat Finance, Fondaco, Generali Assicurazioni, Intesa Sanpaolo, Prometeica, Reale Mutua, Toyota Material Handling Italia, UBI, Unicredit, Unipol SAI.

ACADEMIC AND INSTITUTIONAL

Banca d'Italia, Bank of England, Bocconi (PhD), Cass Business School (PhD), EDHEC Nice (PhD), European Bank for Reconstruction and Development, European Central Bank, Frankfurt School of Finance and Management (PhD), IESE (PhD), INSEAD (PhD), Macedonia Ministry of Finance.

COURSE PROGRAM

FOUNDATIONS AND FINTECH

Mathematics for Finance
Paolo Brandimarte (Politecnico di Torino)

Asset Pricing
Matthijs Breugem (Collegio Carlo Alberto)

Programming - Coding in Python
Marino Segnan (Università di Torino)

Programming - Coding in R
Amir Khorrami Chokami (Università di Torino)

Machine Learning
Roberto Esposito (Università di Torino)
Ruggero G. Pensa (Università di Torino)

Applied Machine Learning
Roberto Esposito (Università di Torino)
Ruggero G. Pensa (Università di Torino)

 

COMMON TRACK

Financial Econometrics I
Raffaele Corvino (Università di Torino)

Derivatives
Claudio Tebaldi (Bocconi University)

Fixed Income and Credit Risk
Gianluca Fusai (Università del Piemonte Orientale - Amedeo Avogadro)

Market and Liquidity Risk
Dario Brandolini (DB&B Consulting)

Financial Engineering
Paolo Brandimarte (Politecnico di Torino)

 

FINANCE TRACK

Credit Derivatives
Claudio Zucca (European Investment Bank Lussemburgo)

Python and Finance
Lorenzo Schoenleber (Collegio Carlo Alberto)

Financial Econometrics II
Massimiliano Caporin (Università di Padova)

Quantitative Asset Allocation
Ugo Pomante (Università di Roma Tor Vergata)

Term Structures of Equity
Roberto Marfé (Collegio Carlo Alberto and Università di Torino)

 

INSURANCE AND RISK MANAGEMENT TRACK

Life Insurance
Elena Vigna (Università di Torino)

Non-Life Insurance and Solvency II
Katrien Antonio (Ku Leuven), Jan Dhaene (Ku Leuven)

Risk Management in Insurance
Luca Bardini (Intesa Sanpaolo RBM Salute)

Hedging Strategies for Segregated Funds
Vincenzo Russo (Generali)

Insurance Regulation
Luca Malfatti (University of Torino)

PROFESSIONAL COURSES

Algorithmic Trading
Matteo Rolle (Banca Sella), Roberto Caloi (Banca Sella)

Financial Applications of Unsupervised Machine Learning
Gabriele D'Acunto (CENTAI)

Machine Learning for Asset Allocation with Python
Giovambattista Perciaccante (Brevan Howard)

Operational Risk Management
Giulio Mignola (Intesa SanPaolo)

Rating and Stress Tests
Marco Stella (Prometeia)

Treasury Risk Management
Massimo Pedroni (Prometeia)

Solutions for Risk Management
Paolo Montiferrari (Banca Patrimoni Sella & C)

Systemic Risk Management
Nicola Borri (LUISS Guido Carli)

Portfolio Analysis and Benchmarking
Luca Martina (Banca Patrimoni Sella & C)

Strategic and Tactical Asset Allocation Models and Tools
Viviana Gisimundo (Amundi Asset Management)

Forecasting Techniques and Systematic Approaches to Asset Allocation
Eugenio Raiteri (Ersel), Andrea Nocifora (Ersel)

Hedge Funds and Alternatives
Luca Vaiani (Fideuram Investimenti SGR)

Robo Advising
Raffaele Zenti (AdviseOnly)

Impact Investments
Cor H.J. Dücker (Erasmus Capital Partners)

IT for Financial Institutions
Domenico Fileppo (Intesa SanPaolo)

Banking, Law and Regulation
Jacopo Carmassi (LUISS Guido Carli), Davide Alfonsi (Intesa SanPaolo)

Private Markets Investing
Gabriele Balagna (Caia)

Investment Banking For Global Markets
Marco Tuninetti (Credit Swiss Investment Bank, Milano)

SCIENTIFIC COMMITTEE

DAVIDE ALFONSI Head of Risk Management, Intesa Sanpaolo
FABIO BAGLIANO Collegio Carlo Alberto, University of Torino and CeRP
BERNARDO BORTOLOTTI University of Torino and Director, Sovereign Investment Lab
PAOLO BRANDIMARTE Polytechnic University of Torino
MATTHIJS BREUGEM Collegio Carlo Alberto
MICHEL DACOROGNA Scientific Advisor at SCOR
ELSA FORNERO University of Torino and Director, CeRP
SILVERIO FORESI Goldman Sachs New York
PIETRO GARIBALDI Collegio Carlo Alberto, University of Torino
ELISA LUCIANO Collegio Carlo Alberto, University of Torino and LTI
ROBERTO MARFE' Collegio Carlo Alberto, University of Torino
PAOLO MONTIFERRARI Head of Risk Managment, Banca Patrimoni Sella & C
TOTI MUSUMECI  University of Torino
GIOVANNA NICODANO Collegio Carlo Alberto, University of Torino, CeRP, EGCI and Netspar
LUCA REGIS University of Torino and LTI
MARIA CRISTINA ROSSI (on leave) Collegio Carlo Alberto, University of Torino, CeRP and Netspar
GUIDO ANTONIO ROSSI University of Torino
GIORGIO SPRIANO Chief Risk Officer, Intesa Sanpaolo
DAVIDE TINELLI CEO, Fondaco SGR S.p.A.

TESTIMONIALS

Collegio Carlo Alberto was included by Inomics in the Top 20 Places to Do a Master

In the top 25 worldwide ranking 2021, highest in Italy, of the guide to World’s Leading Quantitative Finance Master Programmes

risknet
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2022 in the field of Financial Markets

STUDENT LOAN PER MERITO

With the support of

Educational Partner

logo_CAIA

Academic agreements

ADMISSION

Annual tuition fees for the Master's program are €15,000. They are comprehensive of course material, use of the Collegio and University facilities, access to on-campus seminars, to the Library and online databases of the Collegio and University.

A number of full and partial tuition fee waivers will be awarded to applicants for financial aid, according to the admission ranking. Students can also finance their participation through students' loans. 

PART-TIME AUDITORS

A fee of €1,000 is charged for each course.

LIFE IN TORINO

Turin is one of the main university towns in Italy, hosting both the Università degli Studi and the Politecnico and you will easily access everything that is normally needed for student life. 

You can easily move around using public transport or various bike, motorbike and car sharing services.

Turin is less chaotic than other Italian towns and it is considered a “green” city, thanks to its many parks. It is culturally attractive and vibrant thanks to its modern and interactive museums and other cultural institutions.

After considering the cost of your particular Master program and evaluating the possibility of receiving a scholarship or a loan, it is necessary to understand the economic commitment that living in Torino will bring.

An indication of costs.

  • Single room in shared apartment from € 250, all costs included
  • Studio from € 450, all costs included
  • Food € 250
  • Transport € 38 (monthly bus fare)
  • TOTAL monthly expenditure: starting from approx. € 600

Compared to other Italian cities

  • Milan    € 1.200,00
  • Rome   € 1.100,00
  • Bologna  € 900,00

After the enrollment the secretariat will provide you with some useful contacts to start house hunting in Torino.

ACADEMIC CALENDAR 2022/2023


Foundations

Classes September 6 - November 5
Exam session November 8 - November 19


Common Track

Classes November 22 - January 21
Exam session January 24 - February 11
Holiday,
classes suspended
December 23 - January 7


Finance Track

Classes February 14 - April 15
Exam session April 18 - May 6
Holiday,
classes suspended
April 7 - April 10


Insurance Track

Classes February 14 - April 15
Exam session April 18 - May 6
Holiday,
classes suspended
April 7 - April 10


Professional Courses

Classes May 9 - June 30
No exams  


Please note
: The calendar is subject to change