The Wealth Management Master’s course is aimed at young professionals who would like to start a journey of growth in the field of wealth advisory, expanding their education to the recent European regulations (Mifid 2).
Combining the University of Bologna academic knowledge with the presence of industry professionals, the course provides the economic skills and tools to analyze the markets that are necessary to operate as financial advisors with banks and insurance companies, consulting companies, real estate agencies or to work as free-lancers. The provision of high added value services is strictly connected to possessing empathy and communication skills, for which the Wealth Management Master’s features the “Customer understanding” module, devoted to the setting up of trust-based relationships with customers, and a prestigious network of businesses and managers with whom to get in touch. This educational experience is a unique occasion both for those who are about to enter the labor market and those who’d like to make a decisive impact to their professional career in the direction that wealth management is taking: the starting point for a career based on the ability to interpret financial changes and strategically support customers’ needs.
The first edition of the course features three cycles, alternating classroom lectures, an internship in a company and part-time professional mentoring. At the end of the 12 months of the Master’s, participants will be issued the certificates required in order to sit the exam to join the professional register (as per the Italian legislation).
To be ready for the new challenges of an evolving industry, get in touch with the course program manager: we’ll start tackling them together.
THE MASTER IS AN INVESTMENT.
THE HONOR LOAN IS THE WAY TO FUND IT.
“PerTe Prestito Con Lode”, a long-term and low-interest honor loan, with no collateral required to cover the full amount of the tuition fee.
In collaboration with:
Director of Studies
" The Master in Wealth Management will let you access the profession of the Financial Consultant, providing you with the tools and skills necessary to officially register as one. Furthermore, the content of the Master will prepare you for passing and obtaining the EFPA certificate (Europea Financial Planning Association), representing an unprecedented opportunity in Italy. For those aiming towards a career in the world of banking, this is an exceptional program that should not be missed. "
The Master in Administration, Finance and Control is a full-time program structured in 1,500 hours of learning activities over 12 months of study, divided into: 360 hours of lecturing, 60 hour of practicals, an estimated 480 hours of independent study, and 600 hours of internship.
The structure of the Master is divided into three terms:
The first term consists in the study of fundamental subjects including lessons taught by managers and partners from auditing companies. The first term will conclude with an intense real-life business case.
During the second term there will be a more in depth study of the advanced subjects. The use of case history, company testimonials, project work and lectures will be utilized to refine and amplify our students’ expertise in understanding of the topics.
Alternative funds: Hedge and Hedge Funds. Real Estate Funds. Management, assessment, commission regime and internal liquidity and how to allocate them to a capital. Funds linked to alternative investments, such as art and other types.
Basic elements for building an efficient portfolio. The Media-Variance Model and the Capital Asset Pricing Model: Limits and Effectiveness. Robust portfolio models: Black-Littermann and risk parity. Methodologies and Indicators of Investments and Investment Funds.
The behavior of investors on the market: the reaction in case of stress events. The perception of profitability in relation to the time horizon. The investor's classification in relation to the investment horizon.
Over the last decade sustainability and corporate social responsibility (CSR) practices have become paramount for companies as well as for the society at large. Although most companies have developed sustainability programs over the years, as they are cutting carbon emissions, reducing waste, and otherwise enhancing operational efficiency, we are witnessing a mishmash of sustainability tactics that does not add up to a sustainable strategy. To endure, a sustainable strategy has to cope with the competing – and apparently divergent – interests of all stakeholders: investors, employees, customers, governments, NGOs, society and the natural environment.
The purpose of this course is to initiate a debate around the role and functioning of modern corporations as sustainability challenges, opportunities and solutions emerge. In particular, the objective of the course is to detail and disentangle the links between sustainability, CSR and the key role that digital technologies can play as a mean to translate sustainable strategies into effective outcomes.
Within this perspective, three major learning outcomes are expected:
In order to achieve these objectives the course will combine (i) case studies and whole class discussion; (ii) talks by business leaders and managers dealing with sustainability issues; (iii) lectures.
The psychology of the investor and the relationship between consultant and investor. How to schedule meetings and how to submit the Mifid questionnaire. How to understand the customer's needs in relation to his or her life goals.
Types of financial instruments available on the market and their features: shares, bonds, mutual funds, private equity funds, ETFs, ETCs. Market Indexes and their characteristics. Pricing of the most common financial instruments: government bonds. Duration and Convexity. Elements of the bank's economy and financial intermediaries.
How to present a financial product: enhancing strengths. The management of a sales network of financial products. Approaches and techniques of marketing financial products. Network remuneration and collection management.
Elements of commercial law. Regulating the provision of off-the-shelf financial investment services. Mifid and Mifid2 and optional regulations.
Pension systems and their sustainability over time, in relation to demographic and macroeconomic trends. Optimizing the individual retirement plan in relation to the norms and expectations of life and work. Pension planning and life insurance policies.
Taxonomy of risks: Market risk (price), counterparty risk, credit risk, settlement risk, exchange rate risk, liquidity risk. Market Risk Measures (Var, C-Var and Expected Shortfall): description, robustness, communication strategy of their meaning. Credit risk and related hedging methodologies (CDS). Liquidity risk: how to measure it. The role of derivative instruments: Futures, Forward. Swaps. Options: risk management through options.
The economic foundations for the interpretation of financial markets. Basics of macroeconomics and basic economic policy. The impact of macroeconomic variables on financial ones. How to read macroeconomic information in terms of financial and portfolio planning. Allocation of Italian savings.
The tax regime of the most commonly used financial instruments. Planning and tax optimization of investments; family and individual assets.
The educational sessions provide different learning methods, including lectures, simulations, discussions of case studies, presentations by companies, testimonies and group work.
The curriculum is complete with a series of Master Lectures given by professionals from the world of business, academia, and politics, which also provide numerous opportunities for discussion and interaction with the business world through case histories.
Building synergies with businesses is a priority and a distinguishing characteristic of all programs of the Alma Bologna Business School, including the Master in Wealth Management.
The School is fully dedicated to preparing students for the job market and it accomplishes this through systematic career development, with an ongoing commitment to combine the best professional projects by students with the demands of businesses.
The internship is an excellent springboard to the professional world, evidenced by the fact that six months after completing the full-time master at Alma Bologna Business School, an average of 85% of alumni are working in a company.
Over the years, our partners have been constantly involved in the activities, which make up the structure of our programs. Companies belonging to our network take part in project works and master’s lectures; they actively contribute by engaging with students through guest lecture sessions and by organizing company visits.
Our partners are the first supporters of our students by providing scholarships, internships and professional opportunities.
Bologna Business School’s partner companies for the Master in Wealth Management are:
ANASF CONSULTINVEST FOR FINANCE GROUP JP MORGAN AM ALFAWASSERMANN ADMENTA AEFFE - Gruppo Alberta Ferretti AEROPORTO di BOLOGNA AGGF - DIEGO DALLA PALMA COSMETIC GROUP ALCE NERO MIELIZIA ARPER ARREDOLUCE AUTOMOBILI LAMBORGHINI BHALSEN BOLOGNA FIERE BVM LES COPAINS CANOVA E CHLOE CARPIGIANI CASTELLO DI AMA CATERINGROSS CERAMICHE GARDENIA ORCHIDEA CHAMPION CIPRIANI ABBIGLIAMENTO CNA BOLOGNA COCHLEAR CONAD CONSERVE ITALIA CONSORZIO PARMIGIANO REGGIANO COOP ADRIATICA COOP CENTRALE ADRIATICA COOP ITALIA CUCINAA DECO INDUSTRIE DOVECONVIENE DUCATI EGS SOLUTION ERBACIPOLLINA ESSSE CAFFE' FAAC FASHION LAB FERRARA FOOD FERRARI FLORIM CERAMICHE FRATELLI BRANCA INTERNATIONAL FURLA GA OPERATION - GRUPPO GIORGIO ARMANI GABS GEA TECHNOFRIGO GRANAROLO GRUPPO CAVIRO GRUPPO COIN OVIESSE GRUPPO LA PERLA GRUPPO MAX MARA GRUPPO MONTENEGRO GRUPPO SIGMA HAWORTH - CASTELLI HERA COM INTERFASHION IOSA GHINI ISTITUTO GIORDANO JAKERSON LA COMPAGNIA DELLA BELLEZZA LABORATORIO DELLE IDEE LIMONI LINK LIU JO LORO PIANA MARCELLO LEONI MERCATONE UNO MIRABELLA FRANCIACORTA MONNALISA MONRIF GROUP NERI NEXT VALUE NIKE ITALY OCTAGONA PASTIFICIO DEL VERDE PASTIFICIO GRANORO PDFOR Consulenza PINKO POLLINI PRINK QUANTILITY Consulenza RADIOGAMMA RALPH LAUREN REVLON SAMO SAN PATRIGNANO SCHLUMBERGER ITALIANA SISTEMA MODA ITALIA SOLAIR TECHNE TECHNOGYM TECNOSTUDI TENUTA SAN VITO TETRAPAK TRUSSARDI TRS EVOLUTION UMBERTO CESARI VINI UNIGRA' VALSOIA VILLANI SALUMI YOOX
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The tuition fees for the Master is 11,200 euros (VAT free) to be paid in three installments:
The fee includes participation in the Master, all the study material available through the online platform, and access to the services and facilities of Alma Bologna Business School such as: personal account for the Alma wi-fi, use of the PC in the Computer Lab, access to the study areas, access to the internal gym, special rates for the School restaurant.
Furthermore, the fee gives participants the right to take advantage of the supporting activities of the School, such as the language courses and the master lectures by invitation.
Free parking is also available within the BBS Campus.
Additionally, with the Student Card of the University of Bologna, students have access to all of the university facilities, including over 100 libraries, digital resources and study halls (including databases and online subscriptions); ); the three city center canteens and all university student related discount offers. More information are available on the site of the University of Bologna: http://www.unibo.it/it/servizi-e-opportunita
Thanks to the agreement between Bologna Business School and Intesa Sanpaolo, participants are eligible to apply for “PerTe Prestito Con Lode”, a long-term and low-interest honor loan.
Bologna Business School provides merit-based partial scholarships to the leading candidates in the selection process. Furthermore, at the end of the master, the School assigns a prize to the best student.
The cost of the Master can be covered in full or partially by third parties: public bodies, foundations, or companies.
Applying is open to anyone holding an undergraduate degrees of the old and new system. The degree must be obtained on or before the enrollment deadline of the Master.
For auditors, an undergraduate degree is not necessary.
Admission to the Master requires the student to pass a selection process through a motivational interview designed to assess the candidate’s professional plan and its consistency with the objectives of the Master.
Faculty members at Bologna Business School work together offering outstanding teaching standards. An international and interdisciplinary approach is guaranteed by a joint team of distinguished national core professors, adjunct, visiting professors, guest speakers and top managers.
Assitant Professor of Corporate Finance
University of Bologna
Assistant Professor of Business Engineering
University of Bologna
Associate Professor of Marketing
University of Bologna
Professore Ordinario di Informatica
Università di Bologna
Associate Professor of Economics of Financial Intermediaries
University of Bologna