Imagine studying in a country with out-of-the-world historical sites, multicultural ambiance, affordable tuition fee, and the best pizza in the world! Italy, with its splendid art culture and amazing gastronomy, is one of the top destinations in Europe to go for higher studies. Also, be it an MBA, a degree in arts, music or history, Italy boasts of some premier institutions in all of Europe. One of these leading universities is Bocconi University.
Bocconi University, located in Milan is one of the top private universities to study in Italy. The internationally oriented university offers undergraduate, graduate and postgraduate courses in finance, economics, management, law, public administration, and political science. The Business school of Bocconi University offers MBA and executive MBA programs, is called SDA Bocconi. Bocconi University is known for its research initiatives. Furthermore, the research programs carried out in the university under some well-known faculty members specializing in different fields are well funded by national and international institutions.
For an undergraduate degree in business, Bocconi University has designed a commendable course, the World Bachelor in Business, in collaboration with Hong Kong University of Science and Technology and the University of Southern California. This has led to an opportunity for students to study on three continents in 4 years and obtain three diplomas from the universities. The Masters of Science in Management and International Management is probably one of the most sought-after courses of the university, through which a few students get to participate in the CEMS Master of Management, which was co-founded by Bocconi University.
International Rankings for Bocconi University
- Financial Times 2018: Global MBA – 29
- The Economist 2017: MBA – 28
- Financial Times 2017: MIM – 10
- Financial Times 2018: Masters in Finance – 8
Research and Development at Bocconi University
The research projects undertaken in Bocconi University in the areas of economics, business, finance, and political sciences, are mainly funded by the university itself (1.5 million Euros), the European Union(1.4 million Euros) and other external sources(roughly around 11 million Euros). Clearly, due to the extremely well-funded research projects, led by top-notch faculty, Bocconi University is undoubtedly the best option for business, law and political science students to pursue research in their areas of interest and expertise. Also, Bocconi University boasts of 20 permanent research centers, with 200 international and 300-400 national publications yearly. Clearly a smart choice for all the finance and business wizards out there!
Acceptance Rate at Bocconi University
The acceptance rate of the university is quite high, it is pretty hard to get in, especially in courses related to Finance. Bocconi University ranks in the top 10 universities worldwide, for MSc. in Finance, so it’s definitely a lot of hard work to be able to land admission. Published research papers, Internships related to the stream you aim for, and Letters of Recommendation by faculty or employers to support the directionality of your application, are what will help you get into this top university. Work experience is not much of the criteria in Bocconi University, but it always gives you an edge over your competitors.
Europe is known for its extremely well connected and extensive public transport facilities. Just hop on a train, and in a few hours, you’ll be in another country. The subway, bus, and tram services are cheap and reliable, and you can always drive a car all through Europe! These facilities make Europe the most popular continent for international students, hoping to get an international degree. For students looking to spend less on transport and more on recreation, Milan is the ideal destination.
Scholarship Opportunities at Bocconi University
Bocconi University offers need-based scholarships to international students, up to 100% fee waiver. These scholarships must be renewed every year by the students, by passing the merit eligibility criteria every year. The following are the eligibility rules :
- Non-Italian Citizenship
- Non-Italian Residence
- International high school diploma degree earned abroad, or in Italy.
On being rewarded by a full tuition waiver, an international student can save around 11,500 Euros per year. Also, it is not very hard to bag scholarships at Bocconi University as compared to other top colleges/universities around the world. Also, some students also get free accommodation in one of Bocconi University’s residencies. Mostly, international students with extraordinary applications are the awardees of this scholarship, and it’s pretty hard to get one after finishing a year in the university. The Italian government also provides merit-based scholarships to international students, which combined with the Bocconi University Scholarships can make studying in Italy very cheap.
Getting into Italy’s Top University
For students applying for undergraduate courses :
- 1300+ in the SAT would be a decent score. Try scoring above 1400.
- Letters of Recommendation by school faculty members, preferably by a teacher related to the stream you are applying for a degree in.
- Extracurricular achievements will give you an edge over other applicants. Sports, music or art, they definitely give you an edge over your competitors.
- A minimum score of 100+ in TOEFL, and 7.0+ in IELTS.
For students applying for masters :
- GMAT Score
- Statement of Purpose (SOP)
- TOEFL/IELTS Scorecards (100+ and 7.0+ respectively)
- 2+ LORs
- Work experience always preferred: Since Bocconi University consistently ranks in the top 10 universities in the world in finance, the number of students with work experience are increasing every year.
Placement Prospects at Bocconi University
Top companies from around the world hire from Bocconi University, mostly in the finance sector, followed by consulting, investment banking, venture capital, and technology. Corporate giants, such as Accenture, Goldman Sachs, GE, Google, and Bain hire from Bocconi University their future leaders. Some of the top recruiters are :
- Goldman Sachs
- Boston Consultancy Group
- Booz & Co.
- Mckinsey & Co.
- Bain & Co.
- Procter & Gamble
And many other leading banks, investment groups, and consulting firms.
Strong Alumni Network at Bocconi University
Bocconi University has been the most premier institution of Italy since decades, and a lot of their alumni have taken up leadership roles in Energy firms, Consulting firms, Investment groups, and politics. Here are some of the famous alumni whose alma mater was Bocconi University :
- Luca de Meo – President of SEAT
- Mario Monti – Former Italian Prime Minister
- Vittorio Colao – CEO of Vodafone group
- Federico Marchetti – CEO and Founder of YOOX group
- Andrea Enria – Chair, European Banking Authority
Exchange Programs at Bocconi University
Bocconi University, besides having top-class faculty and leading businessmen, politicians and philanthropists as alumni, provides terrific exchange program opportunities to its students. Students can go for exchange semesters, internships, and research projects all over the world. The well-known university has 100+ affiliations in Europe itself, 68 partner universities in North America, 22 in South America and 71 partners in Asia, Africa and Oceania combined. Selection of students depends on their academic records, extracurricular involvement, and overall work experience including internships. Many scholarships are awarded to the top performers, and going abroad for a whole semester doesn’t end up being costly. The university is truly international, with more international tie-ups than any other university you can hear of, in all of Europe!
FAQs About Bocconi University
What is the acceptance rate at Bocconi University?
Bocconi University is one of the leading universities in Italy. The acceptance rate at Bocconi University is marginally high as compared to other universities. However, the most desired courses like Finance and Management are hard to get. The university ranks among the top 10 in the world’s leading universities which makes its tough for students to secure a seat.
Is there an aptitude test at Bocconi University?
For students who don’t submit GMAT or GRE scores are required to qualify the aptitude test of Bocconi University. The university conducts an aptitude test which comprises of different areas created to measure your critical thinking, quantitative assessments, numerical problem solving, and reasoning aspects. The test is a multiple-choice based exam comprising of 100 marks.
Is IELTS compulsory for getting admission in Bocconi University?
To pursue higher education in countries outside India, many universities from abroad have made it mandatory to qualify the language proficiency test IELTS or TOEFL. For getting admission into Bocconi University, candidates are required to have proficiency in English, therefore qualifying IELTS with 7+ band is compulsory to get admission in this university. If you have completed your graduation degree in English, there is no need to qualify for another language certification.
What are the required documents for admission at Bocconi University?
- Candidates are required to submit all the transcripts from school and college which should include their marks, type of degree, mode of instruction, date of admission and end date of graduation.
- An updated CV.
- Proficiency in English test certificates.
- Statement of Purpose.
- Letters of Recommendation
Does Bocconi University offer scholarships to international students?
Bocconi has a special provision of scholarships for international students. The university offers scholarships to students pursuing graduation on a merit basis. The award includes full coverage of tuition fees for a year.
How to Make it to the Best University in Italy
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