Student Report Name of the University: Bocconi University, Milan Exchange semester: Fall 2012 I. PRACTICAL INFORMATION Before leaving Norway I received an e-mail around April from the International Student Desk with detailed information on how to reach Bocconi, and the online application procedure, including housing, academic calendar, courses and the Italian crash course they offer. When the letter of acceptance arrives by mail, you will receive the rest of the information needed to complete the enrolment procedure. You do not need to apply for VISA to stay in Italy if you are a Norwegian citizen. Travel The easiest way to travel to Milan is by Norwegians direct route from Gardermoen. It is likely to find tickets back and forth for between 10001500NOK. When you arrive at Malpensa just take the Malpensa Express which takes around 35 minutes and costs €11. Housing The most difficult part is to find housing in Italy. The school offers several dorms located in different areas, but I would recommend finding an apartment close to school instead, due to strict rules in the dorms. It would be smart to spend some time in advance to get this done before you arrive, because when you are first here, there is a lot of events happening and time goes by. If this is not possible – don't worry, then I would recommend to rent a hotel room for a week, and check the “For rent”-table located at school. There are also several other webpages like easystanza.it, airbnb.com and homeaway.com where you can look. Costs The rent was around €550 per month including everything. This was a very standard amount for most of the other exchange students also. The prices on books are pretty much the same as in BI. Food and transport is a lot cheaper here, including restaurants. For €15 you can have a decent meal at a restaurant. Going out is also cheaper than back home – depending on the place you go of course. In some of the more fancy places you pay around €20 and you get two drinks included. Culture and language Most people at the faculty speak English well enough to communicate in a decent level. It is a very international school, so there were few language-problems, except for the first day when I asked the receptionist where my classroom was, it turned out she did not speak English at all. There are a lot of opportunities to experience the culture and country! Milan is a very central city compared with Rome, concerning weekend-trips. The ESN group at school also arranges trips each month. However, as soon as you get some friends, I would recommend going on excursions with them instead, because the ESN trips are very crowded. Cultural and social effects from the exchange experience Through my exchange period I have got to know a lot of people from all over the world, which is very exciting in it self, but it could also prove helpful in future occasions. In the first period you have to leave your own comfort zone and approach as many people as possible - from this you learn a lot about yourself and others. I believe this experience shows that I am willing to take chances, and that I am willing to do something else than to stay home in the safe country of Norway doing the usual stuff. Which I would say looks good on your résumé. It has been a very fun and interesting experience that I would fully recommend everyone! II. ABOUT THE SCHOOL Bocconi is a large university with around 10-15 000 students, including 6-700 exchange students. The campus is made up of several buildings in a small area by walking distance from each other. There is also a lot of restaurants and café’s which I would recommend to use for lunch, because the cantina does not have the most exciting and healthy food – it`s usually pizza, pasta and French fries, as expected for Italy. Course registration You usually register for courses before your arrival. But it might be a good idea to actually come down here and try out the different courses if you are unsure about what to choose. The add/drop period lasted until the 20th of September, and the semester started around the 6th of September – which means you have plenty of time to decide. However, it is very important to note that the courses are given at a first-come-first-served basis. Academic calendar The semester starts around 6th of September, but the language course is usually a week prior to this date. During the two last weeks of October there is a period with optional midterm exams. Since these are optional, but recommended, you can choose to spend the time travelling instead. The last day of classes was 12th of December, and my first exam was the 10th of December, so you do not get the same exam preparations as you do in BI. So therefore it is important to stay updated in each class. Arrival The administration was well-prepared with a gift-bag when I arrived the first day. This contained a map, guides and the student ID card. The first two weeks consisted of different events everyday with the rest of the ESN students. I would recommend participating in this to get to know as many people as possible. The international office There is a international office with a good staff, however, it may take a couple of days before they answer your e-mails. So I would rather visit them instead of sending e-mails. Social activities It was very easy to get to know other exchange students, because you were all in the same situation, and wanted to get to know new people and the new country you were in. So the relationship among the exchange students could not have been better I would say. It was a bit harder to get to know the Italians. Some of them were very polite and nice, and others were not so easy to approach, but I guess it`s the same with Norwegians. There is a student organization at the school, and I would recommend to join the ESN group at facebook as soon as possible to get easy access to information about all the events and happenings. III. ACADEMICS In the classroom All the courses I chose were taught in English. However, the language-skills of the professors are very different. A couple of my professors spoke English quite badly, and were difficult to understand. The teaching is both practical and theoretical, in some courses more than others of course. The workload is very much the same as at BI. I would say if you choose a lot of economics courses the workload is quite big, but if you choose more in the direction of marketing the workload is smaller. Since the semester is shorter than at BI (approximately one month), the workload is quite big, and it might not seem sustainable at the end of the semester, because the exams starts before the lectures are over. If you read through the entire semester you should have no trouble keeping up with the pace – but this is very dependent of which courses you choose. The relationship between students and professors is good, but more formal in Bocconi. If you have questions after class, some of the professors would prefer if you asked the teaching assistant first, and if the TA is not able to answer, then he/she will ask the professor. Thus, it seems like it is more and more usual to just contact the professor straight away. Course material In some courses you were given slides to read for the exam, and in some others you have books and slides as we are used to. They use power point for almost everything and the blackboard in some occasions. I think it would be easier for them to get better activity in classes if they used the same system as we have at BI with the cameras and projectors. They always upload the slides after the classes, because often the slides were used for detailed knowledge about the different subjects. I would also say the level of course material is very much a like as in BI. Exams All the exams were heavily based on the subjects we went through in class, compared to all the readings in the different books. In many courses you get sufficient knowledge to get a passing grade through reading slides and doing a couple of exercises. In two of my courses, Industrial Economics and Financial Markets & Institutions I had midterm exams. The grade I received in these two courses counts as a weighted average together with my finals. In the three other courses I only had a final exam, though in Monetary Theory and Policy we had 4 home assignments during the semester that accounted for 40% of the grade. In Financial Markets there were also 5 home assignments that had to be done, which accounted for 10% of your final grade. Some of the courses also demanded class participation to some extent, but not very much. The exams usually last from 1-2 hours. Library and technology Students have easy access to the library and all of its facilities. The library at Bocconi consists of many small study rooms instead of open office solutions. However, the study rooms are quite noisy, and the chairs are not very comfortable. I spend a lot more time at the library back home at BI. The IT equipment they have is quite out-dated – the computers are slow, often trouble with printing and Wi-Fi is limited to certain areas. Description of courses Course code & name 30006 Financial Markets & Institutions Master/ Bachelor Bachelor 30012 Business Strategy 30031 Industrial Economics Bachelor 30159 Monetary Theory & Policy Bachelor 30169 Economics of Financial Regulation Bachelor Bachelor Exam form Prerequisites Midterm optional. 2 hours written final exam. Written exam, 2 hours. Midterm optional. 1 hour written final exam. 4 Home assignments & 2 hours written final exam. Written exam, 2 hours. None Approved as Finance None Strategy Micro, mathematics Economics Macro, mathematics Economics None Economics Comments