Bocconi University

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

Bocconi University
Università Commerciale Luigi Bocconi
The Röntgen Building
MottoKnowledge That Matters
TypePrivate
Established10 November 1902
PresidentMario Monti
RectorGianmario Verona
Administrative staff
1,369 (as of 2006)
Students14,396 (as of 2017)[1]
Location
Milan
,
Italy

45°27′1″N 9°11′23″E
CampusUrban
AffiliationsAACSB, EQUIS, AMBA, CEMS, CFA, ASFOR, EAPAA
Websitewww.unibocconi.eu

Bocconi University is consistently ranked as the best university in Italy in its fields, and as one of the best in the world. In 2021, QS World University Rankings ranked the university 7th worldwide and 2nd in Europe in business and management studies,[2] as well as 1st in economics and econometrics outside the U.S. and the U.K. (16th worldwide).[3]

History
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.[4] 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.[5]

Campus
Full view on the ellipsoid Velodromo building, as seen from EGEA
The Dubini Residence (Residenza E.Dubini) of Bocconi University
Building in the new campus

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 Sarfatti Building is the oldest building on campus. It was designed in 1936 by the Italian architect Giuseppe Pagano. It contains 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.[6] 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 Guglielmo Roentgen 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.[7] 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 next to the Velodromo.[8] The 2020 Pritzker Architecture Prize was awarded to its designers, Yvonne Farrell and Shelley McNamara of Grafton Architects.[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

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, Bligny Residence, and the latest Castiglioni Residence (inaugurated in 2018) 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
Entrance to the Velodromo and new building in background

Undergraduate programs

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 (BIEF) 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]

Another three-year undergraduate course is the Bachelor's in International Politics and Government (BIG), the first degree in the field of political science and international relations offered by the university.

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 (BIEF) have been recognized by the Chartered Financial Analyst Institute (CFA Institute).[15] 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.[16]

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.[17]

Graduate programs

The Bocconi Graduate School mainly offers master programs mainly taught in English, with some also in Italian:[18]

  • International Management;
  • CEMS MIM Program
  • China MIM Program
  • Management (English and Italian);
  • ESSEC - Bocconi Double Degree
  • Marketing Management (English and Italian);
  • Accounting, Financial Management and Control (English and Italian);
  • Finance (English and Italian);
  • Economics and Management in Arts, Culture, Media and Entertainment;
  • Economics and Management for Arts, Culture and Communication;
  • Economics and Management of Government and International Organizations
  • Economics and Social Sciences;
  • Economics and Management of Innovation and Technology;
  • Data Science and Business Analytics;
  • Cyber Risk Strategy and Governance
  • 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,[19] 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

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.

PhD School

The Bocconi PhD School offers the following 4-year PhD programmes:

  • PhD in Economics and Finance;
  • PhD in Business Administration and Management;
  • PhD in Statistics and Computer Science;
  • PhD in Public Policy and Administration;
  • PhD in Legal Studies (3-year program);

SDA Bocconi

SDA Bocconi (Italian: Scuola di Direzione Aziendale Bocconi, lit. 'Bocconi School of Management') is the graduate business school of the university and offers internationally recognised MBA Programs highly ranked by Financial Times and Forbes magazine. The school is also the publisher of 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. The SDA also offers a Doctorate in Business Administration (DBA) and professional education to executives and managers.

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

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 million).[20] In 2011, the European Research Council (ERC) assigned around €5 million to five projects in the area "social science and humanities" led by five Bocconi professors.[21]

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

Permanent Research Centers
  • 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
Institute Subject 2016 2017 2018 2019 2020 2021
QS World University Rankings Social Sciences and Management 22nd[22] 17th[23] 11th[24] 16th[25] 16th[26] 10th
Finance Masters 8th[27] 11th[25] 10th[28]
Management Masters 11th[29] 11th[25] 9th[30]
Accounting & Finance 27th[31] 33rd[32] 29th[33] 18th[25] 17th[34] 16th
Business & Management Studies 10th[35] 11th[36] 10th[37] 8th[25] 7th[38] 7th[2]
Economics & Econometrics 17th[39] 16th[40] 16th[41] 16th[25] 18th[42]
Global MBA 22nd[43] 10th[44] 23rd[45]
Global EMBA 19th[46] 16th[47]
Financial Times Global MBA 25th[48] 22nd[49] 29th[50] 31st[51] 12th[52] 13th[53]
Top MBAs for finance 18th[54] N/A
Executive Education (customized) 6th 4th 7th[55] 4th[56]
Executive Education (open) 39th 33rd 28th[57] 23rd[58]
Top MBAs for women 25th[59]
Master in Finance (pre-experience) 9th[60] 7th[61] 8th[62]
Master in Management 11th[63] 10th[64] 6th[65] 10th[66]
ARWU Economics 40th[67] 31st[68] 27th[69]
Finance 50th[70] 36th[71] 34th[72]
Management 41st[73] 34th 30th[74]
Times Higher Education Business and Economics 27th[75] N/A
US News Best Global Universities for Economics and Business 27th[76] 24th[77]
Bloomberg Best International Business Schools 8th[78] 7th[79] 5th[47]
Forbes The Best International MBAs: One-Year Programs 5th[80] 4th[47]
The Economist MBA 38th 28th 24th[81] 13th 6th[47]
The UTD Top 100 Worldwide Business School Rankings Based on Research Contributions 59th[82] 66th[83]
The ASU Finance research rankings 56th[84] 50th[84]
Bloomberg European B-Schools ranking 5th[85]

Student life

Student associations

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

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.[86] 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

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

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."[87]

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.[88] 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

Alumni
  • Jelena Djokovic, tennis player Novak Djokovic's wife
  • Francesca Cornelli, dean of Northwestern University's Kellogg School of Management, previously professor of finance and deputy dean at London Business School
  • Luca de Meo, CEO of Renault; former president of SEAT
  • Mario Monti, former Italian Prime Minister
  • Emma Bonino, former Italian Minister of Foreign Affairs
  • Vittorio Colao, CEO of Vodafone Group
  • Nouriel Roubini, professor at the Stern School of Business at New York University; former senior adviser to the U.S. Treasury and the International Monetary Fund
  • Patrizia Toia, Italian politician and member of the European Parliament
  • Tommaso Padoa-Schioppa, economist and former Italy's Minister of Economy
  • Benedetto Della Vedova, Italian politician
  • Paolo Scaroni, CEO of Eni
  • Marco Patuano, CEO of Telecom Italia
  • Federico Marchetti, CEO and founder of YOOX Group
  • Marco Cappato, Italian politician and member of the European Parliament
  • Francesco Giavazzi, economist
  • Alberto Alesina, Harvard professor
  • Luigi Zingales, University of Chicago Booth School of Business professor
  • Antonio Merlo, Rice University professor and dean
  • Renato Soru, Italian entrepreneur and manager
  • Marco Tronchetti Provera, manager
  • Corrado Passera, former Italian minister of economic development, infrastructure and transport
  • Alessandro Profumo, banker
  • Alessandro Magnoli Bocchi, economist
  • Alessandro Pansa, former CEO of Finmeccanica
  • Claudio Costamagna, chairman of Advanced Accelerator Applications
  • Franco Amatori, professor of Economics History, past president of the European Business History Association
  • Alberto Alemanno, professor of law at New York University
  • Tito Boeri, professor of Labour Economics at Bocconi University, columnist for La Repubblica and former president of INPS (National Social Security Institute in Italy)
  • Giovanni Arrighi, professor of Sociology at Johns Hopkins University
  • Domenico Lombardi, president of The Oxford Institute for Economic Policy and is a Senior Fellow at the Brookings Institution
  • Guido Tabellini, former rector of Bocconi University (2008–2012) and columnist for Il Sole 24 Ore
  • Luigi Einaudi, President of the Italian Republic (1948–1955) and governor of Bank of Italy
  • Barbara Pollastrini, former Italian Minister of for Equal Opportunity in the Prodi II Cabinet (2006)
  • Eduardo Missoni, secretary general of the World Organization of the Scout Movement
  • Vittorio Grilli, Italian Minister of Economy and Finance (2012–13) and previously professor at Yale University
  • Andrea Enria, chair of the ECB Supervisory Board (2019–present), and previously chair of the European Banking Authority (2011–2019)
  • Jörg Asmussen, member of the executive board of the ECB
  • Mario Biondi, novelist, travel writer, poet
  • Sara Tommasi, actress
  • Paolo Brera, journalist, author, former assistant professor of political economy at Bocconi University
  • Teresa de Lauretis, writer and professor at University of California, Santa Cruz
  • Valerio Massimo Manfredi, journalist, television host, historical novelist
  • Fiorella Kostoris, professor of economics at the University of Rome (La Sapienza)
  • Sergio Noja Noseda, professor of Islamic law, Arabic Language and Literature. Author of multiple books on Islamic Culture
  • Leopoldo Sabbatini, first dean of Bocconi University, vice president of the Milan Chamber of Commerce
  • Mario Arcelli, Economist, Minister for the budget in the Italian government
  • Fabrizio Saccomanni, Minister of the Italian Government and former General Manager of Bank of Italy
  • Fabio De'Longhi, CEO of De'Longhi[89]
  • Luigi Roth, CEO of Breda Railway Construction from 1993 to 2001
  • Oriana Bandiera, professor of economics at the London School of Economics
  • Francesco Milleri, CEO of Luxottica[90]
  • Salvatore Aranzulla, blogger and entrepreneur[91][92]
  • Massimo Renon, CEO of the Benetton Group since 2020

Other
  • Pierre Casiraghi, seventh in line to throne of Monaco, son of Caroline, Princess of Hanover, and nephew of Albert II, Prince of Monaco
  • Prince Aimone of Savoy, Duke of Apulia
  • Sara Tommasi, Italian model [93]
  • Giovanni Cobolli Gigli, former chairman of Juventus F.C.
  • Chiara Ferragni, fashion blogger, she has not obtained the degree.[94]
  • Steven Goldstein, race car driver
  • Nina Senicar, model
  • Andrea Agnelli, businessman and chairman of Juventus F.C.
  • Carolina Gillespie, professional ice skater for Italy
  • Beatrice Borromeo, noblewoman of the House of Borromeo, journalist and ex-model
  • Prince Joachim of Belgium, Archduke of Austria-Este
  • Vittorio Gallinari, basketball player
  • Clarence Seedorf, football player
  • Carla Sozzani, gallerist known for creating the 10 Corso Como complex

Alumnus of the Year

The award for Alumnus of the Year was given for the first time in 2011 to Fabrizio Saccomanni, former general director of Bank of Italy, replacing the awards for Bocconian of the Year (given since 1988) and Master of Masters (given since 2007). The Alumnus of the Year award is given to a Bocconi alumnus from 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.[95]

The award is given by the Bocconi Alumni Association (BAA). Former recipients of the award have included: Nouriel Roubini, Luca de Meo, Vittorio Colao, Alessandro Profumo, Andrea Enria, Urbano Cairo, Francesca Bellettini, Stefano Sassi, Giuseppe Sala, Federico Marchetti, Jörg Asmussen, Giovanni Ciserani, Diego Piacentini, Laura Cioli, Giovanni Castellucci, Alberto Cribiore, Gaetano Micciché, Paolo Cuccia, Enrico Cucchiani, Vittorio Grilli, Claudio Costamagna, Paolo Scaroni, Marco Drago, Corrado Passera, Renato Soru, Emma Bonino, Emma Marcegaglia, Isabella Ventura, Carlo Scognamiglio, Marco Tronchetti Provera, Giovanni Giudici, Lucio Stanca, Jody Vender, Tommaso Padoa-Schioppa, Giordano Zucchi, Roberto Mazzotta.[96]

See also
  • University of Milan
  • Polytechnic University of Milan

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