Presentation of the degree program
The world is becoming quantitative. More and more professions, from the everyday to the exotic, depend on data management and reasoning. The master degree in “Statistics, Actuarial and Financial Sciences” is addressed to those who want to enrich their knowledge by acquiring methodological tools of data analysis. Statistics plays a key role in modern societies because it converts data into information to support decision-making processes. The course offers a thorough professional training which prepares students for statistical careers in a variety of areas encompassing medicine, demography, environment, industry, surveys, and market research. It also provides a good foundation for further study at PhD level.
The master degree in “Statistics, Actuarial and Financial Sciences” is a Laurea Magistrale accredited by the Italian government and belonging to the class LM-82 Statistical Sciences. Students can choose among three curricula:
2) Actuarial and Financial Sciences (introduced in A.Y. 2012/2013)
3) European Master of Official Statistics (EMOS) (introduced in A.Y. 2015/2016)
Within the first year, the course offers a common core of teachings for both curricula (Calculus, Statistical Inference, Statistical models, Event-history models, and Econometric models). The content of the second year depends on the selected curriculum, with the addition of other courses to be chosen by the student. It is also possible to carry out an internship. More details are available in the Regolamento Didattico (in Italian). Regolamento didattico.
As regards the curriculum in “Statistics”, students can select the courses among the available ones in order to customize their preparation. It is possible to focus on statistical methodology or to study applied statistics in the following fields:
- Population and Society
- Biology, Medicine and Environment
- Data science
More details on how to define a personalized path in the above fields: personalised paths.
European Master of Official Statistics (EMOS) - download the flyer
The new curriculum in official statistics (EMOS) provides a preparation aimed at those wishing to operate in national and international agencies producing official statistics and, more generally, in all public or private working environments for which official statistics are a key element for understanding and decision-making. Examples in Italy include the National Statistical Institute (ISTAT), the Bank of Italy and the network of public and private entities belonging to SISTAN (statistical offices of Regions, Municipalities, etc.: www.sistan.it). Examples outside Italy include Eurostat, National Statistical Offices, Central Banks, International agencies such as World Bank and OECD. The curriculum is designed to comply with the requirements set by Eurostat, thus it has obtained the label European Master of Official Statistics (EMOS): https://ec.europa.eu/eurostat/cros/content/emos_en. The EMOS certification, currently attributed to 12 degree programs offered by European universities, is based on selective criteria regarding various aspects: teaching capacity, course content, infrastructures, agreements with official statistics agencies.
The first year of the EMOS curriculum is common to other curricula, while the second year includes the following courses (all in English): Statistics for spatial data - Mod. A, Sampling Theory, Methods and Tools for Official Statistics, Economic demography, Statistical Indicators: theory and methodology.
Most courses in the second year are enhanced by collaboration with ISTAT experts through lectures and seminars. The curriculum includes an internship in official statistics to be performed at ISTAT (Rome or Florence) or at the Statistical Office of the Municipality of Florence. For the curriculum "Official Statistics" the free-choice exam and the thesis should cover methods or topics relevant to official statistics.
The master degree in “Statistics, Actuarial and Financial Sciences” aims to prepare students with appropriate knowledge in Mathematics, Statistics and Data Management, capable of operating in various fields of application with autonomy and responsibility, entering the job market as qualified experts in quantitative analysis. The students will acquire a solid knowledge of the theory, methods and models of inductive Statistics, with the ability to make applications in economics, social sciences, demography, actuarial sciences, medicine, healthcare, and environment. Special emphasis will be given on methods, estimation and testing of statistical models for inference, forecasting and decision-making purposes.
At the end of the degree program, students will be able to correctly frame a problem and choose the most appropriate tool of analysis, solve complex problems related to each phase of the statistical analysis, read and evaluate the metadata accompanying the data sources, translate in terms of statistics information needs arising in different fields of application, use the results of the analysis to formulate interpretative hypotheses, obtaining strategic directions, make decisions under conditions of uncertainty as well as evaluate the ethical and deontological aspects of the profession, in order to avoid inappropriate use of statistical information. Applied statisticians will learn to work, listen, and communicate with people from other professions to solve practical problems.
The master program prepares statisticians for a broad range of careers, particularly in the financial, medical, pharmaceutical and industrial sectors of the economy, but also with local and national government agencies, as well as in other areas. The master program also provides an excellent foundation for students wishing to pursue advanced postgraduate research in statistics.
According to Italian rules, graduates who have chosen the curriculum “Actuarial and Financial Sciences” have an excellent preparation for the exam that allows them to enrol, with the title of Actuary, Section A of the Ordine Nazionale degli Attuari. The entry in this section of the Register allows the exercise of consultancy, appraisals, judicial and extrajudicial arbitration in all issues related to insurance, financial, retirement and those relating to complementary health care, risk management, control and analysis of financial statements of insurance companies and financial institutions of social security or welfare.
Testimonies of some graduates about their job: testimonies of graduates.