Financial Matters

Bocconi PhD Programs - Handbook (https://www.unibocconi.eu/phds) gives detailed information about:

fellowships, merit-based tuition waivers (granted for some programs only) and tuition fees;
financial aid for PhD students, PhD candidates and fellows (remuneration for research assistantship and teaching assistantship/teaching; budget for study/research activities; financial support after completion of the last official year and for job market placement, ...).

In particular:

1) With reference to fellowships, merit-based tuition waivers and tuition fees:

Bocconi merit-based fellowships (see Places and financial conditions) are awarded to the best ranked students, in relationship to the number of available fellowships.

The fellowships merit–based amount to € 20,000 per annum (before social security-INPS
contributions). Fellowships can be renewed in the following years if the requirements to be admitted to the following year are met.

For study and research activities abroad (at least one month) authorized by the PhD Program Director, the fellowship is increased by 50% of € 16,243 (ministerial amount), in proportion to the duration of the stay abroad and for a maximum total period of 12 months (saved exceptional cases provided for by the law).

Income from the fellowship is tax free.

All PhD students (with fellowship, with tuition waiver and paying students) are required to pay the current annual regional tax of € 140, whose amount may be modified by law at a later date.

Fellowships based on merit and financial conditions are managed by ISU Bocconi (Student Assistance and Financial Aid Center), as per DPCM (Italian Prime Minister Decree) 9 April 2001, without prejudice to further modifications. Applications shall be sent to ISU Bocconi following the 2023-2024 public competition instructions, which will be published at: www.unibocconi.eu/isu

Tuition fees for students without fellowship and without tuition waiver amount to € 15,000 for year 1 and 2 and € 5,000 for year 3 and 4 for the PhDs in Business Administration and Management, Economics and Finance, Social and Political Science, Statistics and Computer Science.They are to be paid as follows:

First and second year

	DEADLINE	AMOUNT
1^st installment	date of enrollment (1^st year) 30 November (2^nd year)	€ 3,000
2^nd installment	31December	€ 6,000
3^rd installment	31 March	€ 6,000

Third and fourth year

	DEADLINE	AMOUNT
1^stinstallment	30 November	€ 1,000
2^nd installment	31 December	€ 2,000
3^rd installment	31 March	€ 2,000

Tuition fees for students without fellowship and without tuition waiver amount to € 15,000 for year 1 and € 5,000 for year 2 and 3 for the PhD in Legal Studies.

They are to be paid as follows:

First year

	DEADLINE	AMOUNT
1^st installment	date of enrollment (1^st year)	€ 3,000
2^nd installment	31December	€ 6,000
3^rd installment	31 March	€ 6,000

Second and third year

	DEADLINE	AMOUNT
1^stinstallment	30 November	€ 1,000
2^nd installment	31 December	€ 2,000
3^rd installment	31 March	€ 2,000

Bocconi University will not refund the tuition fees paid by students who enrolled and then withdrew; tuition fees will be refunded only to enrolled students who replace a withdrawn student who had been awarded a fellowship or a merit-based tuition waiver.

2) With reference to financial aid:

PhD students may work part time and be paid for the following activities:

research assistantship from the second year (as an exception, during the first year, subject to Dean’s approval);
teaching assistantship /teaching from the second year.

These activities must be previously authorized by the PhD Director, as students are above all committed to their PhD research and activities.

Moreover:

in compliance with Italian law, each PhD student (with and without fellowship) is provided with an annual budget for study and research activities (the use of the budget is always subject to the Program Director approval); the 1st year budget is meant to acquire the laptops that will be assigned to students as of the start of their 2nd year;
PhD candidates are given financial as well as training and procedural support to be successfully placed on the job market (Academia) (they are given the opportunity to attend conferences to present their papers, meet scholars of other universities and participate in job markets events).