Financial Matters

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

1. fellowships, merit-based tuition waivers (granted for some programs only) and tuition fees;
2. financial aid for PhD students, PhD candidates and fellows (remuneration for research assistantship and teaching assistantship/teaching; budget for study/research activities; financial support 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.

AMOUNT	YEAR
€ 20,280	(1°y for Legal Studies) (1° and 2° y for other programs)
€ 15,343.28	(2 and 3° y for Legal Studies) (3° and 4° y for other programs)

Please note that the minimum amount stated by law is € 15,343.28 per annum.

The amount of the fellowship is higher when students are fully dedicated to coursework; it is lower in the following years as the income can be supplemented by contracts as teaching assistants and/or research assistants; moreover in the last two years of the program students are provided with a budget for study/research activities (see below).

For periods of time spent abroad, the fellowship is increased by 50% of € 15,343.28, the minimum amount stated by law, in proportion to the duration of the stay abroad, which in any case cannot exceed a total of 18 months.

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 cannot be added on to other fellowships of any kind except those granted to students who are required to spend time abroad by domestic or foreign institutions.

Fellowships based on merit and financial conditions are managed by ISU Bocconi (Student Assistance and Financial Aid Center as provided by regional law no. 33, 13 December 2004). Applications shall be sent to ISU Bocconi following the 2021-2022 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
1st installment	date of enrollment (1st year) 30 November (2nd year)	€ 3,000
2nd installment	31 December	€ 6,000
3rd installment	31 March	€ 6,000

Third and fourth year

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

Second and third year

	DEADLINE	AMOUNT
1st installment	30 November	€ 1,000
2nd installment	31 December	€ 2,000
3rd 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 a budget for study/research activities in the second to last and last year of the program;
• 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).