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MIFRIM – Master in Financial Risk Management

THE MASTER FOR FINANCIAL RISK MANAGERS

The Master in Financial Risk Management (MIFRIM) of MIP Politecnico di Milano, in partnership with Intesa San Paolo and Mediobanca, aims to train young graduates or those with a short spell of professional experience who have a strong motivation to undertake or accelerate a career in Financial Risk Management, where a correct management of financial risks, also in light of the digital transformation in progress, can be decisive for the creation of value.

Location: Milan

Language: English

Type: Full-time

Intake: October

Length: 12 months

University Requirements: 3-year Bachelor degree (minimum 180 ECTS) in Engineering, Economics, Finance or scientific disciplines

Tuition fee: € 18.500

International Masters Admissions Office
Tel : +39 02 2399 2820
Email : infomasters@mip.polimi.it

WHY CHOOSE US

The program offers a highly specialized qualification with candidates receiving a double diploma: a Master’s degree in Financial Risk Management, issued by the MIP Politecnico di Milano Graduate School of Business and the 1st Level University Master’s degree awarded by the Politecnico di Milano for students with a bachelor’s degree, or 2nd level for students with a Master’s degree.

  • 1 year: 6 months in class + 6 months Internship and Project work
  • 100% in English
  • In sponsorship with Intesa San Paolo and Mediobanca.
  • In partnership with UnipolSai, TAS Group, Arval, Generali, Marsh, Anthilia SGR, BIP, Consultinvest, Iason, Aon, Atradius, AXA, Cembra Money Bank, Deloitte, Etica Sgr, Ersel, EY, Fideuram, Fidelitas S.p.a, Finance Active, KPMG, Mediolanum, Prometeia, SARAS, StatPro, Unicredit, Zurich Insurance.
  • 2 key skills are encompassed:
    • Knowledge of financial world (corporate finance, financial intermediation, capital markets)
    • Information technology skills including Big Data and Data Analytics, IT and Digital, Cyber and Digital Risk
  • Including soft skills for professional development

MIP and Politecnico di Milano have always been at the forefront of education and research in the field of finance and in particular of the application of quantitative methods and of innovative technologies to finance. In cooperation with the Department of Mathematics and the Department of Management Engineering, MIP has a long experience on post-graduate courses in the field of quantitative finance (risk management, derivative evaluation, asset management) and Fintech for executives (Fintech academy). Our Observatories on Digital Innovation as well as the Polimi Fintech Journey represent landmarks in the financial industry and in the research community nationally and internationally.
Furthermore, the intrinsic orientation towards new technologies of a leading technical university such as Politecnico permeates MIP’s programmes, that are characterized by a passion for quantitative analysis and innovation.

One year after graduation the rate of placement is over 90% and 15% go to work abroad. In the last two editions: 100% of students were offered internships in companies and 4% of students have completed internships abroad. 

The master prepares, amongst others, for the following roles:

  • Risk Analyst
  • Risk Consultant
  • Risk Specialist
  • Junior Broker

PROGRAMME

The Master in Financial Risk Management aims to train professionals with specialised and complementary skills who are able to face the challenges of the context in which they will operate.

The master is entirely taught in English.
Please note that this programme is designed for fresh graduates with less than 3 years of work experience. Candidates can apply for the programme starting in September 2021 if they have completed their bachelor/master degree not earlier than 2018. Candidates who have completed their bachelor degree/master degree before 2018 can consider our International MBA programs. 

The Master is a full-time course lasting for 12 months: 6 months of classroom lessons and 6 months of internship and Project Work in a company.

The programme includes highly customised services of Career management thanks to MIP Career Development Office.
Among the services offered:

  • CV Book
  • Free access to MIP Global Network of Career Websites
  • One-to-one career advice meetings
  • Personal Development workshops to help students develop the soft skills necessary to be competitive in nowadays job market
  • Networking events with employers, such as company presentations, company visits, recruiting on Campus events, Career Days
  • Preferential access to internship and job advertisement on the School Career Digital platform “JobTeaser”

Who is eligible for the MIFRIM Programme?

Students with a background in management, business, engineering or scientific disciplines (minimum 180 ECTS) are eligible to apply.
The English knowledge is a compulsory requirement.

How long is the MIFRIM Programme?

The programme is 12 months long.

In what language is the programme taught?

The programme is taught in English, although there are opportunities for students to study the native language of the country of study throughout the programme.

Do I need to speak Italian?

No, as the medium for the course is English, students are not required to learn Italian, although they will be given the opportunity to do so.

Is there an age limit for the programme?

No, but the average age of the candidates is 20-25 years.

What type of degree/title will I obtain upon graduation?

Upon graduation, candidates obtain the First/Second Level University Specializing Master from Politecnico di Milano which is recognized by the Italian Ministry of Education, University and Research (MIUR) and it is issued under the autonomous responsibility of Politecnico di Milano. With regard to the specific meaning of the 1st/2nd level master's degree, as per Bologna process, this is a 2nd cycle programme intended to provide students with further specialization or higher continuing education after completion of the first cycle. The Master Degree will release 60 ECTS/CFU credits.

Candidates are advised to check with the relevant authorities in their home countries regarding the validity/recognition of this title in their home countries.

ADMISSIONS

STATUS OF APPLICATIONS: APPLICATIONS FOR THE 2021 INTAKE ARE OPEN.

Candidates activating their application by January 31st, 2021, who confirm their spot in class by March 31st, 2021, will be granted an Early Bird discount of €1000 on their tuition fee.

Applications are processed on a rolling basis. Since the number of seats in class is limited, candidates are encouraged to apply as early as possible. Should the course become fully subscribed before the deadline dates, applications will close earlier.

Non-EU students are encouraged to apply at least three months before the start of the programme in order to allow enough time for the Declaration of Value (DOV) procedure for Italy and establishment of the student visa.

Please note that this programme is designed for fresh graduates with less than 3 years of work experience. Candidates can apply for the programme starting in September 2021 if they have completed their bachelor/master degree not earlier than 2018. Candidates who have completed their bachelor degree/master degree before 2018 can consider our International MBA programs. 

The ideal candidate:

  • Possesses leadership potential
  • Wishes to develop and advance their career in the area of Risk Management
  • Demonstrates well-developed analytical skills and business skills
  • Holds a 3 years Bachelor degree or a Master Degree in management, business, engineering or scientific studies (minimum 180 ECTS)

STEP 1: ONLINE APPLICATION

  • Fill in the form on www.applyformasters.net
  • Upload your CV in English and a copy of Passport or ID
  • Pay the Application Fee (EUR 50)

STEP 2: SCREENING OF CANDIDATURE

You will be contacted for the Motivational Interview in English, which will be done online. In case of positive feedback, a second interview via Skype will follow with the MIFRIM Director, Prof. Marco Giorgino.

STEP 3: SUBMISSION OF FURTHER DOCUMENTS

  • Bachelor’s or Master’s Degree
  • University Transcripts
  • GMAT/GRE scores (optional)
  • Motivation letter in English
  • Digital photo
  • English proficiency certificate (IELTS, TOEFL, TOEIC or equivalent)

What is the application date to apply for the programme?

Please note that the admission process for the master is on a rolling basis, therefore the sooner you apply the more chances you will have of securing your place in the class, as capacity may be reached before the final application deadlines.

Does the programme have a letter of recommendation form?

There is no specific form for the recommendation letters; however if you need any further assistance on the ideal template for your application, please contact infomasters@mip.polimi.it and we can provide you with further assistance in this matter.

FEES AND BENEFITS

The programme costs €18,500. These costs cover the entire length of the programme, although they do not include living and travel expenses.

Applicants of the 2021 intake of the Master in Financial Risk Management can apply for the following fee reductions.

The reductions will be given out on a first-come, first-served basis. Therefore, early applications are encouraged.
Candidates wishing to apply for financial aid must make their request on the application form at the time of application – later requests for financial aid will not be considered.

EARLY-BIRD REDUCTIONS

Candidates activating their application by January 31st, 2021, who confirm their spot in class by March 31st, 2021, will be granted an Early Bird discount of €1000 on their tuition fee.

GMAT-/GRE-BASED REDUCTIONS

Candidates with a high GMAT/GRE score will be eligible to run for the following contributions:

GMAT Score between 590 and 650 or GRE equivalent - €1,500
GMAT Score above 650 or GRE equivalent - €3,000

REGIONAL CONTRIBUTION

Candidates coming from selected regions (Eastern Europe, Western Europe, South-East Asia, Middle-East Asia, Central Asia, Indian Sub-Continent, Oceania, Africa, Northern America, Central America, South America, Gulf Countries, The Caribbean and Far East Asia) can apply for tuition fee waivers covering up to EUR 3000. Candidates need to submit an essay explaining how their international and unique profiles will add to the diversity of the class.

ALUMNI CONTRIBUTIONS

Merit-based tuition fee contributions of €1,000 are available for alumni from various master programs of MIP and other Politecnico di Milano departments.

KINSHIP CONTRIBUTIONS

Candidates whose family members (brothers, sisters, spouses) have graduated from one of the International Specialising Master Degrees of MIP Politecnico di Milano are entitled to a contribution of €1,000.

MIP4EXPATS CONTRIBUTION

International candidates who are living, working or staying in Italy at the time of application can apply for tuition fee waivers covering up to EUR 3000. To apply, candidates need to submit an essay explaining how their international profile and experience will add value to the class.

PRODIGY FINANCE

Founded in 2007, Prodigy Finance provides loans for top international graduate students to pursue their master’s at the world’s best schools, including MIP Politecnico di Milano. Their loan model eliminates the need for a co-signer or collateral. This means they can lend to many students who lack access to other traditional sources of funding. Additionally, Prodigy Finance assesses their applicants’ future earning potential to determine loan affordability.

See more details about the terms and conditions, and how to apply for a loan on Prodigy Finance’s website.

For more information you can also write to infomasters@mip.polimi.it

DEUTSCHE BILDUNG.
THE ALTERNATIVE TO A STUDENT LOAN.
As a social business, Deutsche Bildung supports German students since 2007. Monthly as well as single and returning payments guarantee a completely flexible financing of almost all programs and subjects in Germany and abroad. Additionally, the extra-curricular-program WissenPlus focuses on the improvement of important social and professional competencies. The repayment is income-linked: students pay back a fixed percentage of their future income over a certain period of time once they have entered their first job successfully. The online-application is possible throughout the whole year at www.deutsche-bildung.de.

What is the cost of the programme?

The programme costs €18,500. These costs cover the entire length of the programme, although they do not include living and travel expenses.

How do I apply for tuition fee contributions or grants for the programme?

For further information write to infomasters@mip.polimi.it.

Will I have to buy textbooks?

No, you will be provided textbooks by the programme, with the cost included as part of the overall programme fee.

We turn the future into a part of you.

We offer highly personalised services with the objective of developing the necessary skills, tools and strategy and expanding your professional network, to help you succeed in today’s complex and competitive global job market.

SPONSORS

The Intesa Sanpaolo Group is one of the top banking groups in Europe and is committed to supporting the economy in the countries in which it operates, specifically in Italy where it is also committed to becoming a reference model in terms of sustainability and social and cultural responsibility. The Intesa Sanpaolo Group is the leading banking group in Italy, with 11.8 million customers and approximately 3,700 branches, and is the country’s leading provider of financial products and services to both households and enterprises. This includes banking intermediation (a market share of 17% in customer loans and 19% in customer deposits), asset management (22%) and pension funds (23%). The Group has a strategic international presence, with approximately 1,000 branches and 7.2 million customers. It is among the top players in several countries in Central Eastern Europe and in the Middle East and North Africa, through its local subsidiary banks: the Intesa Sanpaolo Group ranks first in Serbia, second in Croatia and Slovakia, fourth in Albania, fifth in Moldova, Bosnia and Herzegovina and Egypt, sixth in Slovenia and Hungary. As at 30 June 2020, the Intesa Sanpaolo Group had total assets of 858,648 million euro, customer loans of 403,337 million euro, direct deposits from banking business of 437,806 million euro and direct deposits from insurance business and technical reserves of 163,903 million euro.

ISO strives to provide a tailor made service to each international candidate and enrolled student by assisting with enrollment and non-academic matters.

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