Updated on Dec, 10 2024 08:14 IST
Study Finance in Italy: Fees & Admission
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Finance is a foundational pillar of an organisational structure. And when you study finance in Italy, you explore the art of managing business money, investments, and other assets. You will not only learn to manage business finances, but you will also understand the intricacies of personal finance, wealth management, and retirement planning. Once you become a finance professional, you will gain knowledge and expertise in various domains of finance, including investment banking, corporate finance, risk management, financial engineering, and financial planning. In Italy, you can browse various graduate and post-graduate-level courses in finance. While the former forms the basis of finance in your life, the latter provides a deep and detailed understanding of finance as an essential aspect of a business organization. So, do you think it is time for you to learn about the principles of financial markets and instruments, investment strategies, and more? It is time to study finance in Italy. Here are the steps you should follow.
The eligibility criteria can be different for different levels of courses in Italy. We will try to understand the criteria separately for bachelor’s and master’s courses here.
Criteria to study finance in Italy (Bachelor’s)
Educational Requirements: Before you can pursue a bachelor’s course in finance in Italy, you must complete your secondary education by securing at least 60% marks. You should also appear for the global admission test (TOLCE), clearing which you will become eligible to pursue a bachelor’s course in Italy.
Application Requirements: Fill out the form for your desired course and ensure that you add all accurate and relevant information to the form.
Other Requirements: Kindly bring a letter of recommendation from a recognised professor at your previous institute. The document serves as proof of your eligibility to study in Italy.
English Proficiency Requirements: If you choose English as your medium of instruction, like other international students, you must submit your proof of language proficiency up to the B2 level. As a non-native speaker, you can appear for the following tests:
IELTS: 6.5 and above
TOEFL: 70 and above
Duolingo: 100 and above
Criteria to study finance in Italy (Master’s)
Educational Requirements: You are eligible to pursue a master's from Italy only when you complete your bachelor’s course in finance or a similar field of management with a minimum of 60% marks.
Application Requirements: You should fill out the application form with all your details. Ensure that you add the name of your desired course to the form.
Other requirements: Kindly bring a letter of recommendation from a recognised professor of your previous institute that will act as proof of your eligibility to pursue higher studies in Italy.
English Proficiency Requirements: English Proficiency Requirements: If you choose English as your medium of instruction, like other international students, you must submit proof of language proficiency up to the B2 level. As a non-native speaker, you can appear for the following tests:
IELTS: 6.5 and above
TOEFL: 70 and above
Duolingo: 100 and above
Are you planning to pursue your education in finance in Italy? Start filling out forms for the 2025 term. Italian universities will start accepting forms from September 2024 until June 2025.
Here is the list of documents required to be attached to your application form for a Bachelor's in Finance in Italy:
Passport Copy (Front and Back)
National ID (Aadhar Card)
10th and 11th Mark sheet (Academic)
Passport size photo (with white background)
Skype Details (Self)
Statement of Purpose (Self-made)
12th Mark Sheet (OR Bonafide Certificate, if pursuing)
English proficiency certificate – IELTS/Medium of Instruction (School)
2 Letter of Recommendation – From different Teachers (School)
Study Module (Sample Attached below)
Work Experience/ Gap Justification/ Internship Certificate (If required)
One and Same Certificate (If your name is different on Academic documents & passport)
Predicted Mark sheet if possible (School)
Here is the list of documents required to be attached to your application for Master’s in Finance in Italy:
Passport Copy (Front and Back)
National ID (Aadhar Card)
10th and 12th Mark sheet (Academic) and Bachelor’s certificate
Passport size photo (with white background)
Skype Details (Self)
Statement of Purpose (Self-made)
Provisional/Final Degree (OR Bonafide Certificate, if pursuing)
First Semester to Last Semester Mark sheet/Transcript (Academic)
English proficiency certificate – IELTS/Medium of Instruction (College)
2 Letter of Recommendation – From different faculties (College)
Detailed Study Module (Available at University’s website)
Work Experience/ Gap Justification/ Internship Certificate
One and Same Certificate (If your name is different on Academic documents & passport)
Italian universities allow students to choose from English or Italian as your language of instructions. Whichever language you choose, you must prove your proficiency of the language up to B2 level. If you choose English, you can appear for the following tests:
IELTS – 6.5 and above
TOEFL – 70 and above
Duolingo – 100 and above
Bachelor’s in Finance spans around 3 years introducing you to the intricate field of corporate as well as personal finance.
Master’s in Finance is a 2-year long course. You can choose your specialization branch and gain expertise over it.
We know you have made up your mind to study finance in Italy. But before you choose your university, you should know the fee structure in detail:
| Name of the university | Bachelor’s fees/year | Master’s fees/year |
|---|---|---|
| Bocconi University | 18000 EUR | 18000 EUR |
| Politecnico De Milano | 900 to 4,000 EUR per year depending on the program and individual circumstances | 900 to 4,000 EUR per year depending on the program and individual circumstances |
| University of Bologna | 157 EUR for the first year and the fees of consecutive year will vary as per the program chosen and income status of the student up to 5500 EUR | 157 EUR for the first year and the fees of consecutive year will vary as per the program chosen and income status of the student up to 5500 EUR |
| Universitas Cattolica del Sacro Cuore | 18000 EUR | 18000 EUR |
Note: Fees mentioned in the table is not fixed and may vary as per your income status and the specialization chosen.
Here are the names of the top-rated universities where you can take admission to study finance in Italy:
| Name of the university | Category | City |
|---|---|---|
| Bocconi University | Public | Milan |
| Politecnico De Milano | Public | Milan |
| University of Bologna | Public | Bologna |
| Universitas Cattolica del Sacro Cuore | Public | Milan |
Let us share the detailed admission procedure to get admission to one of the top universities in Italy. You can rely on the team of Anigdha to guide you through the process.
Procedure to Study Finance in Italy (Bachelor’s)
Browse through all the courses in finance available at Italian universities.
Filter all the courses based on your academic profile, interests, and eligibility.
As your courses are shortlisted, you should start filling out forms and submit them to the respective universities before the deadline approaches.
The team at Anigdha will keep you updated on the form submission deadlines.
We will also help you with a document checklist to gather all the documents required at the time of admission.
You must prepare yourself for the TOLCE test, clearing which you become eligible to pursue your bachelor’s course.
You should also prepare for language proficiency tests and university entrance tests that you must appear for.
When your application is accepted by the university, it will send you an approval letter.
You can use the approval letter to expedite your study visa procedure.
Once the visa is approved, you should get HRD and apostille done on your certificates.
Finally, you should find comfortable accommodations for yourself in Italy.
Procedure to study finance in Italy (Master’s)
Browse through all the courses available at various Italian universities.
Narrow down your list depending upon your academic profile, the eligibility you can fulfil, and your interests in pursuing the course.
In the next step, you must download the application forms and submit them before the deadline approaches.
We will give you a document checklist that will help you gather all the documents required to be submitted at the time of admission.
After submitting the application, you should thoroughly prepare yourself for the university entrance tests and language proficiency tests.
When the university accepts your application, it will send you an approval letter that you can attach to your study visa application form.
Your visa will take 45 days to get approved, and when you receive the news of visa approval, you should get HRD and apostille done on your certificates.
Now the final step is to find comfortable yet affordable accommodation near or within the university campus.
I am interested in learning about financial risk management. What is the course I should pursue?
Financial risk management is one of the sub-courses in business finance. You can study finance in Italy and choose a specialisation during your master’s course in financial risk management.
What kind of skills should I inculcate to become a finance expert?
A finance expert should be good at numbers. So, you should have analytical prowess and a strategic mindset. You should learn to convert financial risks into rewards.
Can I get jobs in Europe after I study finance in Italy?
Depending on your academic grades and merits, along with your passion for finance, it can surely help you get a rewarding job in Europe itself.
Is it very expensive to study in Europe?
European universities charge high tuition fees because they offer high-quality education. But most of the universities in Europe provide scholarships and financial assistance to their students.
Will I find Indian food in Italy?
Yes, Indian food is common in Italy due to the Indians settled there and the students coming to the country to pursue higher studies. You will find restaurants that will always remind you of your country’s delicious food.
Do Italian students get preference over Indian students in various university activities?
No, all students are equal in the eyes of the educational system. Whoever proves his worth gets a chance to partake in various university activities.
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