The three-year programme in Economics and Banking addresses the fundamentals of financial intermediation within the banking industry, insurance sector and financial markets by providing a sound training in all the core economic disciplines and other social sciences, such as history and law. In this regard, the programme examines how financial institutions and markets function with a particular attention to the micro- and macro-economic dimensions. The programme has been designed by focusing on resources allocation under uncertainty, corporate financing and investment decisions, insurance and risk management, the functioning and regulation of financial markets within a broader institutional and social framework.

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Graduates in Economics and Banking will develop skills in understanding economic and financial phenomena and acquire all the core skills required for the analysis of economic issues and of data. Graduates will also attain a significant advantage for progressing to a number of graduate courses and, in particular, for the two MSc programmes in Economics and Finance taught in English at Siena as well as for the two-year programme in Accounting and Management (AMa) of the MSc in Management and Governance.

Formative skills

The course aims to produce graduates with:

  • a widely recognized knowledge in the field of financial economics and banking, particularly oriented to turning out professionals able to emerge in a competitive context as graduate students – in Europe and overseas – or to serve as employees/advisors within public and private intermediaries and institutions;
  • a sound knowledge of the processes related to financial intermediation and capital markets functioning;
  • the economic, technical and financial skills needed to evaluate investment, financing and protection decisions of enterprises, and the way they are realized through direct and non-direct credit channels, as well as through the insurance industry;
  • the ability to properly frame credit and financial phenomena in the macroeconomic context, both at a domestic and international level;
  • the economic and quantitative knowledge needed to understand the behavior of major monetary and financial fundamentals;
  • the ability to deal with market economies and related phenomena, both from a strictly economic point of view and in terms of social implications;
  • the capacity to handle quantitative methods applied to economic and social cases, through theoretical and empirical approaches;
  • the knowledge of law and regulations concerning financial intermediation and markets.

The proposed offer relies on a teaching staff having extensive experience around the world in teaching and research on the issues of financial intermediation.

The development of curricular internships at banks or insurance companies, and studying periods abroad are promoted through of a number of cooperation agreements arranged with qualified European universities (mainly Erasmus mobility), that students have many opportunities to take a part of their education abroad.

Entry requirements

International students can apply to Italian Universities only if they have an educational qualification that allows them to enroll. This qualification of secondary education has to be awarded after a study period of at least 12 years. If the educational qualification has been awarded in less than 12 years, it has to be accompanied by the academic certification of the examinations taken or a post-secondary title to compensate for any missing years of secondary education.

For this purpose the University of Siena, in collaboration with the University for Foreigners of Siena, has established a Foundation Year, to fill a possible gap between the different schooling systems.

To apply to a Laurea (equivalent to Bachelor’s degree) program, you must hold a secondary school qualification released after a minimum of 12 years of schooling (overall).

It verifies the validity of it and can allow access to first cycle programs if:

  • It is the official final secondary school leaving certificate/the first and second cycle university qualifications from the relevant foreign system;
  • qualification that allows entry to comparable first cycle program (ex. academic) in the relevant foreign system; qualification that allows entry to comparable second or third cycle program in the relevant foreign higher education system;
  • qualification obtained after an itinerary of at least 12 years of schooling
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Academic Calendar

Departments at the University of Siena have adopted a semester system.

The academic year is divided into two terms: from October to January, and from March to May. At the end of each term, a period of examination is scheduled.

However, each department has its own academic calendar, which can be found at the departments’ website (at the section “Didattica”):

2018-2019 indicative academic calendar

Autumn term (1st semester)

  • Lecture period: October 1st, 2018 - January 18th, 2019
  • Examination period: January 21st - March 1st, 2019

Spring term (2nd semester)

  • Lecture period: March 4th - June 14th, 2019
  • Examination period: June 17th - July 31st, 2019

Tuition Fees

Determination of the contribution amounts

The contribution amount due from each student enrolled in degree courses, master’s degree courses or single cycle master’s degree courses offered by the University of Siena is defined on the basis of the following elements:

a) category the degree course belongs to

b) economic status of the student’s immediate family, as this is expressed by the equivalent economic situation indicator (ISEE) for the year immediately preceding the year of enrolment

c) enrolment year

d) University credits earned (ECTS credits) in the twelve months prior to 10 August

The study course fall under one of the three categories below:

a) humanities-social studies (US)

b) technical-scientific (TS)

c) EU regulated healthcare (EU)

Note: For students who are citizens of non-EU member countries and who are not residents of Italy and for students to whom ISEE calculation is not applicable to their immediate family, an adjustment coefficient depending on the country of origin may be applied.

The University of Siena makes available a tuition fees calculation page:

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Last updated October 18, 2018
This course is Campus based
Start Date
Oct 2019
3 years
5,562 EUR
€1854 per Year
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