Recently, studying economics in Italy is preferred by many Business Administration and Economics students. Italian universities have attracted students with their recent rise in world rankings in the fields of economics, business and finance. Economy is derived from the combination of the Ancient Greek words, meaning “house” and “management”.
Italy is the 8th best country globally in terms of the quality of life also having the 3rd largest economy among the European Union countries. Italy is the largest wine and olive oil producer in the world; it has an important contribution to the economy and finance both in Europe and in fact globally thanks to cities of international importance such as Milan: the financial and fashion center and Rome: the capital of Italy with the rich history and strong tourism potential.
Moreover, the first known state deposit bank, Saint George Bank, was established in Genoa in 1407. In addition, the oldest bank in the world, established in 1472 and still actively serving is “Banca Monte dei Paschi di Siena”. It is also worth to mention UniCredit being among the largest banks in Europe and Assicurazioni Generali is the second largest income-generating insurance company in the world today.
Universities Offering Economics Education in Italy
The departments of economics in Italy is among the most advantageous due to its abundance of English education. Compared to other departments, students have a lot of options to study economics and finance in English. Besides this, you can also study economics in Italian. If you think that you are insufficient in the Italian language, you can review our “Italian course“.
Here are some universities where you can study economics in Italy:
World Ranking of Economics & Econometrics in Italy
Italy is at the top of the world in the field of economy. Undergraduate and postgraduate programs in Italy is predominantly taught in English. However, if you want to study in Italian, many universities offer economics education in both Italian and English.
Department of Economics and Econometrics according to QS World University Rankings’ of 2020 data:
Bocconi University stands in the 1st place in Italy, 4th in Europe and 16th in the world.
The University of Bologna is among the 2 best universities in Italy also between 51 and 100 best universities in the world.
On the other hand, the University of Padua and the University of Rome Tor Vergata are 3rd and 4th best Italian universities accordingly, also they are shown among 100 and 150 the best universities in the world.
European University Institute, La Sapienza University of Rome and Cattolica University are among the top 200 universities globally.
Ca’ Foscari University of Venice, University of Milan and University of Naples Federico II are among the top 250 universities globally.
LUISS University, the University of Turin and the University of Trento are among the top 300 universities in the world.
Scuola Superiore Sant’Anna Pisa, University of Florence and University of Pisa are among the top 300 universities worldwide.
The University of Pavia, the University of Siena, the University of Rome Tre and the University of Milan Bicocca are among the top 400 universities globally.
Università Politecnica delle Marche is among the top 450 universities globally.
Department of Economics and Social Sciences of Bocconi University focuses on understanding how individuals think and make decisions about saving money, their consumption, health, and other issues. The economic and social sciences are key elements when firms are launching a new product or governments are devising new economic policies, while addressing issues such as unemployment and poverty.
This faculty first comes to mind when discussing studying economics in Italy, with its innovative study plans. Personal behavior is not only in terms of economic factors (how much is gained), but also psychological characteristics (how emotions and cognitive boundaries shape actual decisions) and social norms (the behavior of others influence one’s decision).
What is the Application Procedure and Process?
The bachelor’s degrees at Bocconi University are 3 years, excluding World bachelor’s in business (4 years). For admission, it is necessary to pass the SAT, ATC exam or the university-administered exam consisting of tests such as logic, mathematics and general ability. As it comes to language certificates, 6.0 score from IELTS and 89 from TOEFL are required.
Master’s degree departments at Bocconi University lasts for 2 years. A minimum of 600 is required from GMAT, 6 from IELTS and 89 from TOEFL as a language proficiency requirements.
The economics program at the university involves analysis and statistics, economics and social sciences. In the second semester of the first year, students personalize their curriculum with electives in three main areas: general economics, applied economics and econometrics and quantitative methods.
Main courses in the first year: Advanced mathematics, advanced statistics, advanced econometrics, institutions and social sciences, law and 3 elective courses.
Second year: Students personalize their curriculum with 4 electives related to three main areas: General economics, applied economics and social and quantitative fields.
Advantages of Studying Economics at Bocconi University
Bocconi University is not only the best educational institution in Italy, but also among the best economics universities in the world.
Students can have an active social life in Milan, where the university is located.
It is easy for students to access information thanks to the large library provided by the university, especially rich with economics materials.
The University’s offerings are extensive: from sports clubs such as football, basketball and water polo to performing arts, yoga and relaxation techniques, it offers a range of courses that help develop confidence, leadership and teamwork skills.
Bocconi University sends approximately 4,000 students abroad through internship and exchange programs and accepts approximately 1,600 students each year. In this way, students become part of the global community.
The university also offers a 3-week summer school opportunity for students to visit Milan and the university before coming to undergraduate, graduate or doctoral studies. They can choose from 7 different course options: digital marketing, economics, entrepreneurship and innovation management, capital and venture capital finance, fashion and design management, international trade and management.
University fees in Italy are quite reasonable compared to other countries. Tuition costs of public universities in Italy range from 156 € to 3500 €. However, Italian state universities allow the student to pay tuition at the lowest price based on their family income. For this, you need to undergo the family income statement evaluation.
In Italy, which is divided into regions, each region has its own scholarship opportunities. There are 20 regions in Italy that can award scholarships according to the income level of the students. Thanks to these scholarships, which are valued between € 2000 and € 6800, students can lead their lives more comfortably and focus on their education. It is also known that there are various scholarship opportunities from the state, university or different institutions based on the success of the student. Some examples of these include:
Study of economics in Italy may be eligible for a scholarship between 2000 € and 6800 € depending on their family income level.
Students can pay their university fees at the lowest price.
Universities can also provide food support to their students.
They can take advantage of the accommodation facilities offered by the university.
Studying Economics in Italy – Accommodation Opportunities
If studying economics in Italy occupies your mind, another question in your mind may be dormitory and accommodation facilities. Almost all universities in Italy have their own accommodation. Thanks to this, you have an option to stay in the dormitory or student houses of the university. However, if you wish, you can enquire the companies that the universities have partnered with, about a place to stay for students. In addition, private dormitory, studio or regular flat, hotel, residence, etc are available. It is obvious that students have many options.
If you are interested in studying economics in Italy, you can contact us. Do not forget to fill in our application form so that we can start your application process immediately, and you will be contacted by an expert team member as soon as possible.