Italy is a culturally rich country with an ethnically diverse population. Italy is famous for its fashion and design industries, boasting of names like Gucci and Armani. It is also well known for engineering, especially in the automobile sector, with companies like Lamborghini, Ferrari and Ducati dominating the luxury car segment. Besides that, Italy also offers a high quality of life, excellent infrastructure and high salaries.
Here are the top three MBA programs in Italy:
SDA Bocconi School of Management comes under Università Bocconione, which is among Europe’s oldest and highly reputed business education universities. The school is located in Milan, Italy’s financial and industrial hub. This 12-month program nurtures leaders who are multi-skilled, and can balance a critical focus on today, with a long-term vision about the future.
SDA Bocconi's MBA is ranked #1 in the world for return on investment with average post-MBA salary of €74,456 for the class of 2011, a stunning 156% increase over the average pre-MBA pay pocket. 83% of the students hail from 33 countries, with a majority falling in the 26 - 30 age range. Economics was the most populous pre-MBA degree at 41%, followed by Engineering at 30% and Humanities at 15%. The post-MBA job opportunities were dominated by Consulting with 31% of the class choosing to work in this sector, followed by Healthcare/Pharma/Agribusiness with 18%, Cloud Computing/Telecom/Consumer Electronics with 16% and Luxury/Fashion/Design with 14%. 90% changed country, sector or function, and 47% changed all three.
The top recruiters of 2011 were Johnson & Johnson, Bain & Co, BCG, Adidas, McKinsey, Amazon and Samsung. The university has 80,000 alumni with the number from SDA Bocconi School of Management at 9,000+ alumni in 80+ countries.
With a class size of 100, SDA Bocconi's MBA program greatly improves the learning experience. This is further enhanced by expert faculty like Michael Spence, winner of the 2001 Nobel Memorial Prize in Economic Sciences. The program lays a foundation of Soft Skills & Values, which is built upon by lessons in Planning & Innovating, Leading People & Processes, and Controlling & Investing. After completing the Core Curriculum, students participate in the Summer Project, which could involve an Individual Internship, an Entrepreneurial/Group Project or Research Papers. Students then take up one Main Concentration (Marketing, Corporate Finance or Strategy) and one Niche Concentration (Innovation or Investments).
Students can even go on the International Exchange Program to top Business Schools that include London Business School - UK, Wharton - USA, Rotman School of Management - Canada, HKUST - China, Australian School of Business, FGV-EAESP – Brazil, ISB – India and International University of Japan (Niigata). The school also offers a cutting-edge Track In Luxury Business Management (LBM), which is held at luxury major Bulgari's offices in Rome. It is held over the last 6 months of the program and includes Foundation Courses, A Summer Project and Advanced Courses.
MIP - Politecnico di Milano
MIP is part of Italy's premier technical university, the Politecnico di Milano. The university is known for its engineering expertise, and promotes technology as well as organization and management innovation. MIP promotes an analytical perspective to problem solving with a unique mix of technical and management skills that develop world-class leaders for international companies. The International Full-time MBA lasts for 14 months, and is taught in English. The class profile offers a diverse mix, with 40% coming from outside Europe, and 23% from Eastern Europe. Engineering and Economics are the most popular pre-MBA degree with both accounting for approximately 40% each. For the outgoing class of 2011, the average salary was $74,184, representing a massive 87% increase over pre-MBA earnings. Manufacturing was the most popular sector with 48% opting for careers here, followed by Consulting with 24%, Services with 20% and Finance with 8%.
The course structure follows a 3-pronged approach - the Core Fundamentals, the Concentrations and the Complementary curricula. The core curriculum covers Corporate Management, Support Systems and Competitive Markets. The concentrations that students can choose from are Finance, Entrepreneurship & Innovation, Design & Luxury Management, Global Business & Management and Energy Management. Complementary Curricula refers to soft skills and tools that give an MBA graduate a well-rounded personality, making him attractive to the top companies. It involves a dedicated Career Service and a Personality Development program. The school offers an International Exchange Program that could last from 1 week to 3 months. Some of the B-Schools students can go to are Beihang University - China, COPPEAD - Brazil, EM Lyon - France, ISB - India and Lomonosov - Russia.
The school also sponsors the World Business Forum, the 2012 edition of which saw speakers like marketing guru Philip Kotler and American economist Nouriel Roubini, who predicted the US subprime crisis. The program ends with a 3-month project.
MIB School of Management
The MIB School of Management is located in the coastal city of Trieste, and is housed in the splendid Ferdinandeo's Palace, which was built in 1858. The Full-Time MBA in International Business program lasts 12 months and is conducted in English. It focusses on international management, decision-making and management skillsets. The class has 56% of international students, which includes students from USA, Asia and Africa. The class offers a diverse set of pre-MBA education, with engineering topping at 27%, followed by Law/Political Sciences at 24%, Business/Economics at 21%, and Humanities at 16%. As for the graduating students, 41% find employment in Italy, and 39% elsewhere in Europe. Marketing & Sales were the most popular function, with 44% finding careers in it. Other popular functions were Finance & Insurance (15%), Consulting (13%) and Organization & HR (8%).
The course is divided into 3 stages. First is the Core Curriculum, which has 14 core courses. Then comes the Elective Curriculum, where students choose around 8 subjects from 13 electives, which include Business Planning & Venture Finance, Managing in Emerging Markets, New Product Development, Valuations, Risk Management, E-Commerce & Internet Marketing and Business in China 1 & 2. The third stage is Learning In Action, where students take up a Business Project, an Internship or be a part of an International Exchange Program. Options for the exchange program include Bordeaux School of Management - France, IBS - Russia, IEDC - Slovenia, Lingnan College - China and Merrick School of Business - USA.
The school also organizes several International Study Tours which involve company visits, presentations, simulations and strategic discussions with industry experts. Recent Study Tours were to Shanghai - China, Moscow - Russia, Barcelona - Spain, Munich - Germany and London - UK. The Leadership & Career Development track is mandatory and runs throughout the year. Trainers as well as personal coaches improve soft skills and develop all facets of a student’s personality.
1) SDA Boccconi MBA
2) MIP Milano
3) MIB School of Management
|Business School||Average GMAT Score||Average Experience (years)||Fees||Accreditation||Financial Aid|
|SDA Bocconi||650||5||€44500||AMBA, EQUIS,||Yes|
|MIB School of Management||600||5||€25000||AMBA||Yes|