MAFINRISK - Master of Quantitative Finance and Risk Management
Bocconi University offers this 12-month English-taught master's in Milan, ranked #13 by FT — Masters in Management.
What it takes to get in
Entry bar: open entry. Driven by specific prior degree.
- English requirement
- A minimum B2 (upper-intermediate) level of English is required, meeting the minimum scores set by Bocconi University
- Prior degree
- a three-year undergraduate degree (Laurea Triennale, Bachelor of Science, Bachelor of Arts), or a higher degree (Laurea Magistrale, Master of Science, 4- or 5-year Degree), in one of the following areas: Economics (Economics, Banking and Finance, Business, Management, etc.) or Quantitative disciplines (Mathematics, Physics, Statistics, Engineering, Computer Science, etc.)
- Accepted degrees
- EconomicsBanking and FinanceBusinessManagementMathematicsPhysicsStatisticsEngineeringComputer Science
What it costs
Plan for roughly €36k–€39k per year all-in as a Non-EU student — tuition plus a normal Milan student life.
Living in Milan →
What you'll study
66 ECTS over 12 months — core foundations, then a track of your choice, then a thesis.
MAFINRISK is a full-time, intensive Specialized Master program entirely taught in English. The program equips aspiring, talented students with a strong foundation in theory, practical knowledge, and advanced technical skills to navigate the complex world of modern quantitative finance. These core competencies are further enriched by courses covering the broader economic and institutional aspects of financial systems.
Where graduates end up
What graduates of this programme tend to do — and where they end up working.
Common career paths
Rankings
- FT — Masters in Management 2025#13
- FT — Masters in Finance 2025#19
- QS — Business 2025#10
- QS — Law 2025#54
- QS — Computer Science 2025#311
Visa & life in Italy
The practical stuff — what's allowed, what's funded, what to expect after you graduate.
- Student visa
- Visto per Studio (Type D National Visa). Fee €116 · 3-6 wks processing · ~€480/month proof of funds. Universitaly pre-enrolment required. Permesso di soggiorno per studio within 8 working days of arrival.
- Post-study work
- Permesso di soggiorno per attesa occupazione — 12 months. No employer sponsorship required during the search window. Register as unemployed at Centro per l'Impiego. Convert to work permit on hire.
- Scholarships
- Invest Your Talent in Italy (MAECI/ICE) (€900/month) · Italian Government Scholarship (Borse di Studio MAECI) (€900/month) · Regional DSU scholarships
- English-taught master's
- ~600 English-taught master's; Politecnico di Milano, Bocconi, Bologna, La Sapienza lead. Source: Universitaly.
About Bocconi University
Common questions
Is MAFINRISK - Master of Quantitative Finance and Risk Management at Bocconi University taught in English?
Yes — the programme is taught entirely in English.
How much does MAFINRISK - Master of Quantitative Finance and Risk Management at Bocconi University cost?
International tuition is €16,000 per year. Over the full 12-month programme that's roughly €16,000 in tuition, before living costs.
What is the acceptance rate at Bocconi University?
Not published. Most European public universities don't release acceptance rates — admission is requirements-based, so if you meet the stated requirements your application gets a full review rather than competing against a fixed quota. Based on the published requirements (specific prior degree), the entry bar here is low — effectively open entry if you meet the formal requirements.
Do I need GRE or GMAT scores?
No — GRE and GMAT scores are not required for this programme.
Can I work in Italy after graduating?
Post-study work rights in Italy depend on your nationality — EU/EEA citizens can work freely, and most EU countries offer a job-search permit for non-EU graduates. Check the national immigration authority for current rules.
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