Finance and insurance

The degree runs three tracks. Finance and Insurance are taught in Italian. Financial Risk and Data Analysis is taught entirely in English. The catalogue lists the language of the whole degree as Italian and English, so check the track before you apply. An applicant who does not speak Italian must take the Financial Risk and Data Analysis track.

Sapienza describes the English track as advanced quantitative and programming tools plus a working knowledge of the rules that govern financial markets. Students learn to analyse financial data, to measure and manage risk, to make forecasts and to build models. First year modules on the published plan include PROBABILITY AND STOCHASTIC PROCESSES, Mathematics for economics and finance, INTERNATIONAL BANKING AND CAPITAL MARKETS, ADVANCED STATISTICS FOR FINANCE, ARTIFICIAL INTELLIGENCE IN BANKING AND FINANCE, QUANTITATIVE FINANCIAL MODELLING and BANKING AND FINANCIAL REGULATION. Second year modules include Financial optimization and asset management, Analysis of financial time series and ECONOMETRICS FOR FINANCIAL MARKETS. Students then take 9 CFU from either RISK MANAGEMENT AND CAPITAL REQUIREMENTS or Models for risk and forecasting. The dissertation is worth 21 CFU.

Places are not capped. The Italian catalogue records the access method as Verifica dei requisiti e della preparazione personale, which means verification of requirements and of personal preparation. You pay a fee, wait for the eligibility check, then sit an assessment of personal knowledge that the call describes as non-selective. For non-EU students the eligibility check is a review of your qualification, your final grade and your exam results, carried out by three professors on the MoveIn platform.

The minimum grade is 85 out of 100. That is higher than the Sapienza norm. English must be at CEFR level B2. This programme accepts IELTS 5.5 or higher, TOEFL iBT 80 or higher, Cambridge English B2 First or higher, and Trinity College London Integrated Skills in English ISE II or higher. Duolingo is not accepted for a Sapienza degree.

This programme also accepts an English medium degree in place of a test, and that matters for an applicant from Pakistan. The admission requirements sheet waives the certificate for students holding a degree from an accredited institution where English is the main language of instruction. That line sets no country limit. The course apply page says the same thing in other words: the English assessment interview is not needed for a bachelor's degree taught entirely in English. The formal call for applications lists a narrower set, capped to the EU, EEA and Schengen area plus Australia, Canada, New Zealand, the United Kingdom and the United States. Two of the three documents carry the unrestricted line. Email the Economics international students office to confirm before you rely on it.

Sapienza publishes no tuition figure for this programme. The contribution is set across the university by country of residence and by income, not by degree. The admissions page states a range of 300 to 1500 euro a year.

Two separate payments are published. The MoveIn pre-selection application costs 30 euro and no waiver is available under any circumstances. The eligibility check for this programme costs a further 10 euro, paid through Infostud using code 33439.

First semester lessons for 2026-2027 start on 21 September 2026. The call sets 15 September 2026 as the only eligibility check date for applicants from non-EU countries who need a student visa. The MoveIn pre-selection window for 2026-2027 ran from 22 December 2025 to 15 May 2026 and pre-accepted students had to register on Universitaly by 30 June 2026, so a new applicant from Pakistan should plan for the 2027-2028 cycle.