Graduate School Master of science in Finance September 10th, 2012 Welcome Days a.y. 2012-2013 Bocconi University and its Graduate School Università Bocconi …a bit of history Università Commerciale L. Bocconi was founded in 1902 by entrepreneur Ferdinando Bocconi. The driving concept: to create Italy’s first institution for the rigorous study of economics and business. Our principles Passion for Education Scientific Research Internationalism Relevance Rigour Relations Merit Teaching model The MSc programs employ a “dynamic” teaching model. Learning is based on three pillars: Conveyance of high-level specialist content by the teachers High interaction between teacher and students, with deep discussion of theoretical models, methods for action and concrete cases Students are requested to make active contributions in individual and group study. In order to be effective, the teaching model asks students to: Attend lessons regularly Prepare case studies and other interactive materials before entering class Take active part in class discussions and contribute original thoughts to the discussion Study and interiorize the various concepts progressively as lessons proceed Assessment (I/III) Learning objectives We propose to develop and assess the following objectives through the MSc teaching model: 1. Deep learning and reinforcement of the long-term memory 2. Ability to work in group 3. Capacity to solve concrete real problems (knowledge of the working world) 4. Ability to relate to the international context Variety of assessment methods Given the multi-dimensional nature of the learning objectives, there will be different ways of evaluating student progress. In some programs the level of theoretical learning will be the determining factor; others will turn on the ability to do group work or individual research. Assessment (II/III) Partial and final exams General exams: 2 regular sessions and 1 make-up Semester I: 2 regular sessions (January-February) 1 make-up (September) [+ supplementary in December] Supplementary periods for students participating in internship (in Italy and abroad) and in international study programs (only for exams of the second year) Semester II: 2 regular sessions (June-July) 1 make-up (October - November) Withdrawing from exams : YES, allowed Rejection of exam grade: NO, not allowed Exam registration: Absolutely essential! (within the fourth last working day before the exam) Assessment (III/III) Incorrect behaviour during exams harms all UB students, therefore are expected disciplinary measures Reference distribution: the distribution of grades assigned for each exam during all the year’s exam sessions should tend to a gaussian curve as established for international standards (ECTS system) Grade bracket 18 – 20 21 – 23 24 – 27 28 – 29 30 – 30L marginal incidence 10% 25% 30% 25% 10% cumulative incidence at least 10% at least 35% at least 65% at least 90% 100% Studying abroad 1 month Campus Abroad 1 semester Exchange and Free mover 1 year Double Degree (18 agreements) CBS – Denmark; ESADE – Spain; RSM – Holland; FGV Sao Paulo – Brazil; HEC – France; UCL – Belgium; Sciences Po – France; Univ. Geneva – Switzerland; MGIMO – Russia; IIM Ahmedabad – India; SSE – Sweden; SUNY – USA; St. Gallen – Switzerland; Fudan, Cina; Queen’s Business School; CANADA, Universidade Catòlica Portuguesa Portugal; Hertie School of Governance - Germany; University of Queensland – Australia. Master CEMS-MIM network of 26 international schools:1 semester on exchange, 1 internship abroad plus supplementary educational activities Internships Second-year compulsory educational activities Prior approval by program Director; Assessment (student’s report, evaluation from Company Tutor); Final evaluation Duration in Italy min 12 weeks abroad min 10 weeks part-time min 16 weeks (by special approval) Period generally carried out after the end of the first year’s lessons, however must not crash with classroom activities Parties involved Career Service and SRI Program director Students Internship equivalents Otherwise the following activities can be recognized: “other specialized work experiences” which have contracts different from those of internships (term contract, apprenticeship, project contract, etc….) “field projects” activated by the MSc direction following specific agreement with a company, an institution or a professional studio Foreign languages 2 foreign languages Language choice depends on: Language in which the program is taught Student’s mother tongue Teaching: Semester II of the first year and semester I of the second year Exams: recognized international language certificate or, alternatively, Bocconi exam Exit level: 1st language: C1/B2 business 2nd language: B2/B1 business Entry level: the Language Centre’s webpage provides a wide rage of recommended topics and teaching materials. These help students to reach the minimum levels necessary for attending MSc lessons Thesis (I/II) Concise but high value-added: 50 pages (except Law and Economic History: 150 – 200 pages) Approx. 4 months of full-time work Thesis Advisor and possible second Advisor (for interdisciplinary thesis and in case of long term Visiting Professor) Discussant: the Discussant plays an important role especially for “excellent” thesis Thesis (II/II) Presentation and discussion in front of the Commission (minimum 5 members) “Standard” procedure: Candidate’s presentation (20 mins) + Discussion with the members of the Commission “Recommendation of excellence” procedure: Candidate’s presentation (20 mins) + Discussion with the discussant and the members of the Commission (10 mins) Assessment (acceptable 0–2 points; fair 3-4 points; good 5-6 points; excellent 7-8 points) Grade proposed by the Discussant in the case of “recommendation of excellence” Grade proposed by the Advisor in all other cases Università Bocconi, which values the originality of the theses, has been equipped with an ad hoc software to verify their authenticity in addition to the methods for checking the copying of theses already in use. Graduation grade Assignment of the final grade takes into account the marks received for educational activities performed during the student’s academic career: Weighted average converted into a number out of 110 + up to 8/110 As an evaluation of the thesis and overall academic career Thesis evaluation up to 8/110 (7-8 /110 for thesis recommended as excellent ) Overall academic career evaluation maximum 1/110, if excellent 110 cum laude if: evaluation of the thesis and overall academic career = at least 7/110 and overall grade points = at least 111 Evaluation by students (I/II) What and When and students are asked to evaluate: Evaluation of single courses: professor/instructor, teaching methods, course organization, teaching facilities…(each semester during classes: midterm – voluntary; end of semester- compulsory) Evaluation of assessment methods (exams): efficiency, efficacy and fairness of the mechanisms adopted to assess student performance, with regard to the overall assessment system and to any individual exam (triennial; web-based procedure) Overall evaluation of the first-year of degree programs: teaching staff, teaching methods, exam regulations, workload, subjects integration in the curricula....(yearly; web-based procedure) Evaluation of the overall university experience: degree program as a whole, international and internship experiences, extra-curricular activities, main university services used...(close to graduation) Evaluation by students (II/II) Please complete each questionnaire in a serious and consistent manner since the feedback you provide determine relevant effects for the professor of reference: ! ! professor must suggest possible improvement actions when the assessment are negative (below a set critic threshold) professor can receive specific merits when assessments are particularly satisfactory (after having checked that there are other elements of excellence). Code of conduct – HONOR CODE (I/II) In compliance with that principles that have always been at the basis of academic research, teaching and the university’s manifold activities, Università Bocconi has defined a code of conduct that respects, protects and promotes the values of the Bocconi community. It being understood that the university and all its parties are committed to applying it equally and rigorously, the code of conduct has an instructional purpose, strengthening ties and encouraging transparent and constructive dialogue among the various members of the university (among all of those people who live, work and study at the university every day) Code of conduct – HONOR CODE (I/II) The Code of Conduct: defines and applies principles and rules for a fruitful development of educational activities and research explains standards of behavior and disciplinary procedures already included in national university regulations and Università Bocconi regulations specifies the figure of the “Student Ombudsman” Further details will be provided in specific meetings on the first days of lessons References and information ACADEMIC REPRESENTATIVES Program Director Assistent to the Program Director School Staff MSc Council Course Director Course Instructors Teaching assistants Student representatives (From the 25th to 22nd of September 2012 students will be invited, via yoU&B diary, to stand for election of class representatives; on the 9th of October 2012 student representatives in degree program Committees will be elected ) INFORMATION For all further information on the MSc programs please see the “Student’s Handbook” posted at www.unibocconi.eu/studentguide and on the yoU@B diary which will be the best tool for communication between you and Bocconi Graduate School Student representatives 2 Class representatives / 2 Study program Committee representatives 3 Graduate School Council representatives Francesca Bonomelli 339 8502176 1255678@studbocconi.it AFC B.lab-Alleanza liberale Riccardo David Battaglia 338 3407349 1240696@studbocconi.it EMIT AD - Alternativa Democratica Michele Pignoli 1512524@studbocconi.it AFC Obiettivo studenti 388 6911812 5 Faculty Council representatives (3 of them participate in the Academic Board, 2 participate in the Disciplinary Board) Cofano Alessandro 338-5343228 1438001@studbocconi.it CLEAM B.lab-Alleanza liberale Antonio Ceci 380 3648926 1341072@studbocconi.it CLES Alternativa Democratica Daniela Del Gaudio 345 9105747 1293190@studbocconi.it CLAPI B.lab-Alleanza liberale Longo Lorenzo Pasquale 329-6479969 1260967@studbocconi.it FINANCE Obiettivo studenti Gianluca Nicosia 327 0044015 1478189@studbocconi.it CLEAM AD - Alternativa Democratica Students are an active part in the university life and can support, through their representatives, the activities of the University bodies. Student representatives wait for you at the information desks of via Sarfatti, 25 Bocconi Alumni: “talents and values in motion” The Bocconi Alumni Association is the community of Graduates, Master and Phd holders from Università Bocconi and SDA Bocconi: over 89,000 alumni in Italy and the world, 65,000 in contact via email. Meetings, events, services: Dedicated to Networking, Continuous Learning and Career Service In Milan, in Italy, abroad and online All year long 48 territorial Alumni chapters abroad and 27 in Italy Cultural and sports groups, professional interest clubs More than 46,000 Bocconians on Linkedin and 14,000 among Facebook fans and Twitter followers Services for students Bocconi has invested greatly in upgrading its facilities and improving its services, in order to provide outstanding preparation and quality study environments to all its students. Services available to students are aimed at: facilitating administrative procedures and organization of classes completing the academic curriculum enriching the campus experience Services for students (II/II) One-stop service center Welcome point where you can receive information, easily access the front offices for all services, resolve doubts and complete administrative paperwork Aperto dalle 8 alle 18 - piazza Sraffa 11 Services supporting students throughout their university lives Communication and Organization of Teaching Services Tuition and Fees Office Student Services /ISU Bocconi – Student Assistance and Financial Aid Library Services integrating and complementing the student’s curriculum International Relations Language Center SEDIN- IT Education Services Center Student Services – Campus life activities Counseling and Self-Empowerment The Service to assist students and graduates in entering the job market Career Service Bocconi Alumni