Bocconi University

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Bocconi University
Università Commerciale Luigi Bocconi
Bocconi Grafton Building Milan.jpg
The Röntgen Building
MottoKnowledge That Matters
TypePrivate
Established10 November 1902
PresidentMario Monti
RectorGianmario Verona
Administrative staff
1,369 (as of November 2006)
Students14,313 (as of 2012)[1]
Location,
45°27′1″N 9°11′23″E / 45.45028°N 9.18972°E / 45.45028; 9.18972Coordinates: 45°27′1″N 9°11′23″E / 45.45028°N 9.18972°E / 45.45028; 9.18972
CampusUrban
AffiliationsAACSB, EQUIS, AMBA, CEMS, CFA, ASFOR, EAPAA
Websitewww.unibocconi.eu

Bocconi University (Italian: Università Commerciale Luigi Bocconi [universiˈta kkommerˈtʃaːle luˈiːdʒi bokˈkoːni]) is a private university in Milan, Italy. Bocconi provides undergraduate, graduate and post-graduate education in the fields of economics, management, finance, law, political science and public administration. SDA Bocconi, the university's business school, offers MBA and Executive MBA programs.

History[edit]

Luigi Bocconi

Bocconi University was founded in 1902 by Ferdinando Bocconi and was named after his son, who died in the Battle of Adwa during the First Italo-Ethiopian War.[2] The university was originally affiliated with the Politecnico di Milano engineering school and incorporated a teaching model that was based on what was in use at the École Supérieure of Antwerp.[3]

Bocconi is an internationally oriented institution in business, economics, and law. It is also a research university, receiving funds for its research projects from national and international institutions.[citation needed]

Bocconi University is structured around five schools: Undergraduate School, Graduate School, Law School, PhD School, and SDA Bocconi School of Management, its graduate business school. Bocconi presently offers bachelor's degrees, Master of Science degrees, MBAs, MPAs, DBAs, and Ph.Ds in Finance, Economics, Management, Statistics, Law and other disciplines.[4] It also has a number of post-experience programs, and administers many customized executive education courses.

The university also provides activities for high school students in Italy, such as mathematics competitions,[5] Model United Nations simulations[6] and other major events aimed at orienting them during their secondary education.

Campus[edit]

Full view on the ellipsoid Velodromo building, as seen from EGEA
The pensionato building, between which the SDA Bocconi building is seen
The Dubini Residence (Residenza E.Dubini) of Bocconi University

The campus was originally located in Via Statuto near the Pinacoteca di Brera, where its first building was inaugurated in 1902. The current campus is now located beside Parco Ravizza, between Via Sarfatti and Viale Bligny and consists of several buildings, all within walking distance to Porta Ticinese, the Basilica of Sant'Eustorgio:

  • The first building in Via Sarfatti was designed in 1936 by the Italian architect Giuseppe Pagano. It hosts classrooms, an aula magna, a restaurant, and most of the administrative offices. Its entrance features two lion statues which are the subject of several university myths.
  • The pensionato building, which faces Via Ferdinando Bocconi, was inaugurated in 1956 by architect Giovanni Muzio and hosts some grand halls, some of the canteen and dormitory facilities (350 bedrooms on 5 floors), and some faculty offices. The different floors have an irregular form and bear the shape of a symmetric "L" letter, which stands for Laude.
  • The SDA Bocconi building, which is also in Via Ferdinando Bocconi, was opened in 1985 and features two blocks with a distinct set of dark metal panels. The building was extended in 2001, especially to host EGEA, the university bookstore. The campus football pitch is placed between the pensionato and the SDA Bocconi building.
  • The modern Velodromo building was projected by Ignazio Gardella and opened in 2001. It is called so due to its form resembling an ellipsoid velodrome. Each of its four floors has about ten classrooms with a capacity of 150. The Velodromo uses a geothermal exchange heat pump as its air conditioning system, which provides energy conservation.[7] A marble statue of Ferdinando Bocconi overlooks the foyer of the ground floor.
  • Close by, in Piazza Sraffa, are the Library building (also built by Giovanni Muzio in 1962), the campus chapel "San Ferdinando", and some smaller buildings such as those with the offices of the Language Center and other extracurricular activities.
  • In 2007, a new building was inaugurated in Via Guglielmö Röntgen known as Grafton Building from the name of the Irish practice Grafton Architects which designed the innovative building. The Grafton Building won the "World building of the year" at the World Architecture Festival 2008 held in Barcelona.[8] The new building houses the offices of the entire Faculty, with its Departments and Research Centers in Viale Bligny. Its underground levels include, in addition to the new Aula Magna, seminar rooms, a spacious foyer, an exhibition area and parking. It is situated right next to the Velodromo.[9]

Several other administrative and research offices of Bocconi's individual institutes are scattered across the area, especially around Parco Ravizza and Viale Isonzo.

Dormitories[edit]

Bocconi University provides off-campus students with approximately 1800 places in dorms.

Residences for students are Bocconi Residence, Javotte Residence, Dubini Residence, Spadolini Residence, Arcobaleno Residence, the more modern Isonzo Residence, and the latest Bligny Residence (inaugurated in 2016) and the former Kramer Residence (Now closed). The type of accommodation varies between the residences and the choice is among single rooms in apartments for either one, two or four people. The residences offer also services to students such as cleaning services, laundry rooms, study rooms, parking spaces. Many students, however, choose to rent private apartments which are easy to find around the university area.

Academics[edit]

Entrance to the Velodromo and new building in background

Undergraduate programs[edit]

The university offers four three-year undergraduate courses in Economics which share a common basis in the first three semesters and then distinguish themselves from one another by focusing on either Finance (CLEF),[10] Social sciences (CLES)[11] or Business administration (CLEAM);[12] the fourth course is entirely taught in English (BIEMF) and is targeted at both international students and students pursuing an international career. Students in this course have the choice to major in Economics, Management or Finance during their course of studies.[13]

A fifth separate three-year undergraduate course in Economics focuses on the economics and management of Arts, Culture and Communication (CLEACC).[14]

Moreover, since 2015, Bocconi University has offered a three-year highly selective Bachelor of Science in International Politics and Government (BIG).[15]

The University also offers a five-year course in Law, which incorporates the Italian equivalents of the Bachelor of Laws and the Master of Laws.

Both the bachelor's degrees in Finance in Italian (CLEF) and in English (BIEMF) have been recognized by the Chartered Financial Analyst Institute (CFA Institute).[16] The partnership is granted to programs which cover at least 70% of the content necessary to take the CFA Program Exam level III, the highest level.[17]

In a joint venture with the Central European University of Budapest, Bocconi also offers a four-year Dual Degree in International Business, the first two years of which are spent in Budapest and the latter in Milan.[18]

Moreover, Bocconi University, together with University of Southern California and Hong Kong University of Science and Technology offers the "World Bachelor in Business," the first bachelor's programme where students are able to study in three continents over the four years of the degree and obtain three diplomas from the three universities.[19]

Graduate programs[edit]

The Bocconi Graduate School mainly offers master programs mainly taught in English, with some also in Italian:[20]

  • International Management;
  • CEMS MIM Program
  • China MIM Program
  • Management;
  • ESSEC - Bocconi Double Degree
  • Marketing Management (English and Italian);
  • Accounting, Financial Management and Control (English and Italian);
  • Finance;
  • Economics and Management in Arts, Culture, Media and Entertainment;
  • Economcis and Management of Government and International Organizations
  • Economics and Social Sciences;
  • Economics and Management of Innovation and Technology;
  • Data Science and Business Analysis;
  • LSE - Bocconi Double Degree
  • Sciences - Po-Bocconi Double Degree
  • Law and Business Administration (Only in Italian)

Bocconi has established a number of partnerships for its Master of Science programs: the Master of Science in Finance was among the first six programs in the world to establish a partnership with the CFA institute and the first in continental Europe,[21] while the Masters of Science in Management and International Management enable a select number of students to take part in the CEMS Master of International Management, of which Bocconi is a founding member, along with HEC, ESADE and University of Cologne.

School of Law[edit]

Bocconi University School of Law was established in 2006, consolidating the tradition of legal studies at Bocconi under the aegis of the "A. Sraffa" Institute for Comparative Law. The School of Law currently offers a combined LL.B. and LL.M. in Law, runs the Specialization School for Legal professions in cooperation with the University of Pavia, and hosts a Summer Academy in cooperation with the University of Trento, as well as with the Sant'Anna School of Advanced Studies.

Ph.D School[edit]

The Bocconi Ph.D School offers the following 4-year Ph.D programmes:

  • Ph.D in Economics and Finance;
  • Ph.D in Business Administration and Management;
  • Ph.D in Statistics;
  • Ph.D in Public Policy and Administration;
  • Ph.D in Legal Studies (3-year program);

SDA Bocconi[edit]

SDA Bocconi (SDA standing for "Scuola di Direzione Aziendale" = School of Management) is the graduate business school of the University and offers internationally recognized MBA Programs highly ranked by Financial Times and Forbes magazine.

The SDA also offers professional education to executives and managers and publishes E&M (Economia & Management), a popular Italian business and management review.

Apart from the MBA, the SDA offers further Master of Science programs in Corporate finance and Banking, Real estate management, Fine food and beverage management, Fashion Management, Design management, Sports law and Sport management, and a Master in Stage and show management in a joint venture with the Academy for the Performing Arts of the opera house La Scala.

SDA Bocconi also has a combined MBA and Master of Arts in International Affairs (MAIA) with the Paul H. Nitze School of Advanced International Studies (SAIS) in Johns Hopkins University's Bologna Center.

Research and endowment[edit]

In 2006, research was mainly funded by Bocconi itself (around €1.5 million), the European Union (around €1.4 million) and the Italian Ministry of Education, Universities and Research (around €300 thousand), in addition to other external sources (around €11 millions).[clarification needed][22] In 2011, the European Research Council (ERC) assigned around €5 millions to five projects in the area "social science and humanities" led by five Bocconi professors.[23]

As of 2007, the University has 20 permanent research centers and four research project centers. Bocconi is a member of the Offshoring Research Network, an international network researching the offshoring of business processes and services.

Departments[edit]

  • Accounting
  • Economics
  • Finance
  • Management and Technology
  • Marketing
  • Decision Sciences
  • Legal Studies
  • Policy Analysis and Public Management

Permanent Research Centers[edit]

  • ASK - Centre for Research on Management and Economics of Arts and Culture Institutions (Study centre on the economics and management of the arts and culture)
  • PAOLO BAFFI CENTRE - Paolo Baffi Centre on International Markets, Money and Regulation
  • CAREFIN - Centre for Applied Research in Finance
  • CERGAS - Centre for Research on Health and Social Care Management (Institutional structures; management of public and private companies providing healthcare and social services)
  • CERMES - Centre for Research on Marketing & Services (Marketing and competitive analysis; commercial consumption and distribution; trade fairs)
  • CERTeT - Center for Research on Regional Economics, Transport and Tourism (Urban, regional and transport structures of territorial economics; evaluation of EU policies on territorial development)
  • CREDI - "Ariberto Mignoli" Centre for European Research on Business Law and History
  • CReSV - Center for Research on Sustainability and Value
  • CRIOS - Center for Research on Innovation, Organization and Strategy
  • DONDENA CENTRE - Carlo F. Dondena Centre for Research on Social Dynamics (Interdisciplinary research on social cohesion, demography, life course dynamics and public policy)
  • IEFE - Centre for Research on Energy and Environmental Economics and Policy (Energy economics and policies; environmental policies and management; economics and management of public utility companies - energy and environmental)
  • IGIER - Innocenzo Gasparini Institute for Economic Research. Part of the Institute of Economics, it operates jointly with two international bodies, the US-based NBER, National Bureau of Economic Research, and the UK-based CEPR, Centre for Economic Policy Research (Economics and economic policy)
  • ECONPUBBLICA - Centre for Research on the Public Sector (Taxation system; organisation of the social state; privatisation; income distribution; fiscal federalism)

International Rankings[edit]

Institutes and Programs 2016 2017 2018
QS - Social Sciences and Management 22nd[24] 17th[25] 11th[26]
QS - Finance Masters 8th[27]
QS - Management Masters 11th[28]
QS - Accounting & Finance 27th[29] 33rd[30] 29th[31]
QS - Business & Management Studies 10th[32] 11th[33] 10th[34]
QS - Economics & Econometrics 17th[35] 16th[36] 16th[37]
QS - Global MBA 22nd[38]
QS - Global EMBA 19th[39]
FT - Global MBA 25th[40] 22nd[41] 29th[42]
FT - Top MBAs for finance 18th[43] N/A
FT - Executive Education (Customized) 6th 4th 7th[44]
FT - Executive Education (Open) 39th 33rd 28th[45]
FT - Top MBAs for women 25th[46]
FT - Master in Finance (Pre-experience) 9th[47] 7th[48] 8th[49]
FT - Master in Management 11th[50] 10th[51] 6th[52]
ARWU - Economics 40th[53] 31st[54]
ARWU - Finance 50th[55] 36th[56]
ARWU - Management 41st[57] 34th
THE - Business and Economics 27th[58]
US News - Best Global Universities for Economics and Business 27th[59]
Bloomberg - Best International Business Schools 8th[60] 7th[61]
Forbes - The Best International MBAs: One-Year Programs 5th[62]
The Economist - MBA[63] 38th 28th
The UTD - Top 100 Worldwide Business School Rankings Based on Research Contributions 59th[64] 66th[65]

The ASU - Finance research rankings[edit]

56th[66] 50th[67]

Student life[edit]

Student associations[edit]

The University is home to a number of societies, some of which are directly involved in facilitating students' integration into the campus life environment and in organizing special events ranging from business games to excursions.

Student publications[edit]

The University hosts several student run publications:

  • Tra i Leoni: a campus magazine run by the eponymous society. The title, which means "between the lions", is a reference to the atrium of the main building, which is also a favorite meeting point for students, guarded by two lion statues.
  • Bocconi School of Law Student-Edited Papers: the Law School's official student publication.[68] The journal's Editorial Board are selected by way of an annual write-on competition, and go on to select and provide feedback on submitted papers, as well as organising the annual call for papers.
  • IS@B News: a campus magazine run by the International Student Association (IS@B).
  • Be OBjective Magazine: a bimonthly pdf magazine founded by students from the ACME course. The magazine focuses on art, culture, media and entertainment.

Recreational activities[edit]

Bocconi lies in the Navigli area of Milan, making for easy access to all the main landmarks and activities of the city for its students.

Superstitions[edit]

In the atrium of the oldest building of the university there are three sets of doors. The central doors, which are larger than the others, have two lions to either side of them. There is a superstition within the university that students who pass in-between the two lions via the central doors risk not being able to graduate. This derives from the old adage "Chi passa tra i Leoni non si laurea alla Bocconi."[69]

The three main buildings of Bocconi, if seen from the top, seem to spell "30L" (30 cum laude), the maximum achievable grade in any exam. The building in Via Roentgen is the "3", the velodromo is the "0" and the main building is a cross of two "L"s.[70] It is not clear whether it was planned to have such a shape or was just by chance; in any case, it is considered a good omen to the students.

Notable people[edit]

Alumni[edit]

Other[edit]

Alumnus of the Year[edit]

The title of Alumnus of the Year was given for the first time in 2011 to Fabrizio Saccomanni, former general director of Bank of Italy, and replaced the prizes for Bocconian of the Year (given since 1988) and Master of Masters (given since 2007). The prize is given to an alumnus of any of the five schools (Undergraduate School, School of Law, Graduate School, PhD School and SDA Bocconi School of Management) who has distinguished himself following the Bocconian values of professionality, entrepreneurship, integrity, responsibility and openness.[75]

The prize is given by the Bocconi Alumni Association (BAA). Recipients of the previous editions of the prize are: Diego Piacentini e Laura Cioli, Nouriel Roubini e Giovanni Castellucci, Alberto Cribiore e Gaetano Micciché, Enrico Cucchiani e Paolo Cuccia, Vittorio Grilli, Claudio Costamagna, Vittorio Colao, Paolo Scaroni, Marco Drago, Corrado Passera, Renato Soru, Emma Bonino, Alessandro Profumo, Emma Marcegaglia, Isabella Ventura, Carlo Scognamiglio, Marco Tronchetti Provera, Giovanni Giudici, Lucio Stanca, Jody Vender, Tommaso Padoa-Schioppa, Giordano Zucchi, Roberto Mazzotta.[76]

See also[edit]

References[edit]

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External links[edit]