Milan Duomo

Undergraduate Global Immersion in Italy

Milan, Italy: Università Commerciale Luigi Bocconi

Program Type

This is a semester exchange program, where students take classes (in English or Italian) directly at a partner university and substitute that semester for a semester at the University of Minnesota. The partner university will send one of their students to the Carlson School of Management to take classes in their place.

Exchanges often require students to demonstrate a high degree of independence, adaptability, and flexibility because support and service may be different from a US university. Examples of differences that exchange students should be prepared to encounter include varying housing options, the amount and timing of program details, grading based less on assignments and more on final exams, and an academic calendar that may differ significantly from the University of Minnesota.

Location and Host School

As the largest city in Italy and among the wealthiest in the European Union, Milan is the financial center of Italy. Italy is the eighth largest economy in the world and the fourth largest in Europe, and recent governmental reforms suggest future growth and competitiveness in the globalized business world.

Università Commerciale Luigi Bocconi is a top-ranked business school in Europe and worldwide. Founded in 1902 and considered the premier university in Italy, it’s the first Italian institution of higher education to focus on economics and management. The school is central to a global network of business and economics universities and favors cultural integration, international exchange, and economic integration in its wide-reaching partnerships.

Università Bocconi recognizes that as political debates of globalization are ongoing, the economically interdependent business world has long been a reality. The program aims to provide students with an in-depth understanding of the commercial, financial, and institutional realities of the new global market from an international perspective.

Academic Calendar

Fall semester: September to December

Spring semester: January to July*

Program dates include an optional 4-week Italian crash course that takes place prior to the start of each semester.

When selecting a semester exchange program, students should take note of academic calendars that differ significantly from the University of Minnesota. Consider potential conflicts such as holidays, family events, graduation ceremonies, and summer jobs/internships early in the selection process.

Work with Education Abroad Advisers and the Carlson Business Career Center for support addressing challenges.

*Spring semester exams are held in June/July depending on the class. Late June is the earliest possible departure.

Language and Academics

Students are enrolled in 15 S/N Carlson School International Business (IBUS 5100) credits for a semester at Università Bocconi and take a a total of 30 ECTS credits to meet minimum requirements.

Carlson School students enroll in the International Economics and Management program, taught in English, but students with strong Italian language skills have the option of courses in Italian as well. A wide range of interesting classes typically support Carlson majors but may not line up as equivalent to Carlson courses. Class format is primarily lectures, with some case discussions and presentations depending on the subject. Grading is typically based completely on a final exam and exams are scheduled independent of the class during the official examination session.

A four-week Italian language crash course is also available for an additional cost about one month prior to the start of the program. Students enrolled in the crash course may also enroll in the semester-long follow-up course for which they are awarded a certificate of completion rather than academic credit.


International students can apply to live at the Arcobaleno residence hall, which is approximately 20 minutes from Bocconi by tram. Arcobaleno offers individual rooms with a shared kitchen and bath. Students may also choose to find their own apartment in Milan. The International Relations office will assist students with their Arcobaleno application, and offer limited guidance in finding off-campus accommodations.

Budget Estimate 2013 - 2014

These estimates will vary based on student preference and exchange rates. All details subject to change based on economic and international factors. Most financial aid may be applied to study abroad programs.

2013-2014 Tuition $6,530
Program Fee (includes program administration and intl health insurance*) $2,500
Transportation (to and from program site) $1,300
Documentation** (passport, visa, immunization) $425
Books and Materials $200
Room and/or Board $7,700
Essential Daily Living Expenses $2,000
Miscellaneous $500
Total $21,155

*Students should also maintain their U.S.-based health insurance plan while abroad.

**Subject to change. Please verify current documentation costs with the Consulate.

Financial Aid and Scholarships

Most financial aid may be applied to study abroad. In addition, University of Minnesota students are eligible for education abroad scholarships. See Scholarships and Finances for additional information, and Costs and Billing for budget planning and cost comparison tools.


To be eligible for this education abroad program, you must be:

  • A University of Minnesota student who has successfully completed the I-Core curriculum or equivalent coursework
  • In good academic standing with a minimum GPA of 3.0
  • Additional criteria may apply and meeting minimum requirements does not guarantee acceptance

The University of Minnesota is committed to the policy that all persons shall have equal access to its programs, facilities and employment without regard to race, color, creed, religion, national origin, sex, age, marital status, disability, public assistance status, veteran status, or sexual orientation.

Application and Selection

Application materials include the online application form, a resume, and essay. Submit a completed application by the February 28th priority deadline prior to the academic year in which you wish to participate. Programs that do not fill following the priority deadline will be reviewed on a rolling admissions basis.

Admission to all programs is based on review of your application by the study abroad selection committee, and selection notifications are sent out within one month of the priority deadline or receipt of application during rolling admission. Once selected, students are given the opportunity to confirm acceptance, at which point they are subject to Education Abroad policies.

Quick Links

Program Video

program video


Contact Information

Global Immersion
Carlson Global Institute
CSOM 2-210
Phone: 612-625-9361
Fax: 612-624-8248

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