IMIFRIM – International Master in Financial Risk Management


The International Master in Financial Risk Management (iMIFRIM) of MIP Politecnico di Milano, in partnership with Intesa Sanpaolo 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.

*Starting from 2021, it will be possible to choose whether to join classes, including the kick-off, online or in person.


Location: Milan*

Language: English

Type: Full-time

Intake: October

Length: 12 months

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

Tuition fee: € 18.500
€ 9.500 for PoliMi MSc Alumni
For further info click here

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



In sponsorship with
Intesa Sanpaolo
and Mediobanca


Two key skills encompassed:
knowledge of financial world &
Information technology skills


 The Risk Management function is central to ensuring the success of an organisation 


Employers prefer that financial managers, including risk managers, possess a master’s degree



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.

  • 1 year: 6 months in class + 6 months Internship and Project work
  • 100% in English
  • In sponsorship with Intesa Sanpaolo 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.


The International Master in Financial Risk Management aims to train professionals with specialized 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 October 2021 if they have completed their bachelor/master’s degree not earlier than 2018. Candidates who have completed their bachelor’s degree/master’s 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 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 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.

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.



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 Statement of Comparability of the degree and application 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 October 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)


  • Fill in the form on www.applyformasters.net
  • Upload your CV in English, Passport or ID, University Transcripts, and Bachelor/Master Degree (if available)
  • Pay the Application Fee (EUR 100)


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


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


Once your application package is complete, it will be forwarded to the admissions committee for final processing and you will receive the final admission and scholarship (if any) decision by email.


Upon receipt of the admission offer, you will be required to pay the first instalment of EUR 2500 within 15 days from the date of receipt of the offer letter should you wish to confirm your participation to the program (a short extension of this deadline can be requested in case you are applying for an education loan, external scholarship etc. or any other viable reason).


MIP has partnered with Flywire to accept payments from international students worldwide. Easily and securely make education payments in your own currency, using local payment methods from the safety and convenience of your home. With real-time tracking and 24×7 multilingual support, millions of students and families around the world trust Flywire for payment processing.
Watch this video to see how it works!

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.


The programme costs €18,500. These costs cover the entire length of the programme, although they do not include living and travel expenses.
The tuition fee is €9500 for alumni who completed a Master of Science program in or after 2018 at Politecnico di Milano.
Moreover, candidates can apply for merit-based tuition fee reductions up to 30% of the fee.

MIP has partnered with Flywire to accept payments from international students worldwide: for more info, click here.

For further details about financial aid and contributions you can visit the dedicated webpage.

Applicants of the 2021 intake of the International Junior Specialising Masters can apply for the 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.

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.



All financial managers, including risk managers, must possess at least a bachelor’s degree.
However, employers prefer a master’s degree.


employed within 3 months after graduation (in the last three editions).




is the average salary at 6 months after graduation.




is the projected growth rate for the financial managers employment from 2019 to 2029 -much faster than the average for all occupations. 
(U.S. Bureau of Labor Statistics)

  In 2019, the salary of a risk manager within the 10th-90th percentile ranged from about $55,000 to $144,000, including bonuses. (Payscale.com)


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

– Risk Analyst
– Risk Consultant
– Risk Specialist
– Junior Broker


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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