Università Commerciale Luigi Bocconi: Milan

Undergraduate Global Immersion in Italy

Fall semester: early September to early December

Spring semester: early February to mid May*

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.

Milan, Italy

Bocconi University

Bocconi University

Bocconi University

Bocconi University

Bocconi University

Bocconi University

Milan, Italy

Milan, Italy

Milan, Italy

Milan, Italy

Milan, Italy

Milan, Italy

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.

Application and Admissions

To apply, please visit the Apply page. You will be charged a $50 application fee for each term that you apply for a program. If you apply for two programs in Fall semester you will be charged $50. If you apply for one program in Fall semester and one in Spring semester you will be charged $100. The priority deadline for Fall 2015 and Spring 2016 is February 1, 2015. Applications for programs that do not fill by the priority deadline will be accepted on a rolling basis until full. Applications will be reviewed and students will be informed of their status within 6 weeks of the priority deadline.


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

Location details

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.

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.

Cost estimate (Summary)

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. Students should also maintain their U.S.-based health insurance plan while abroad. Visa and passport costs are subject to change. Please verify current documentation costs with the Consulate.​

Financial Aid and Scholarships

Most financial aid may be applied to study abroad. University of Minnesota students are eligible for education abroad scholarships. Please visit "Financial Aid" and "Scholarships" for more information.

Academics and credits

Students are enrolled in 15 S/N Carlson School International Business (IBUS 5200) credits at the University of Minnesota during the semester they are abroad. Students will take a full course load (13-18 UMN credits per semester) at the host universitiy. Business courses taught in English are available for exchange students.

Students participating in CGI semester exchange programs are strongly encouraged to enroll in the 1-credit Global Identity course for business students. This course helps you to develop your intercultural skills and articulate the value of your experience to future employers. It offers an additional layer of support through one-on-one interactions with your instructor that complements the independent structure of the exchange program.

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.

Cost table

Estimated Expenses 2014-2015
Carlson School Tuition (charged to UMN student account)$7029
Program Fee (charged to UMN student account)$2500
Transportation (to and from program site) $1300
Documentation (passport, visa, immunization) $190
Books and Materials$200
Room and/or Board $7700
Essential Daily Living Expenses$2000
Global Identity Course - strongly recommended (charged to UMN student account)$200

Bocconi Fact Sheet

Program Manager

Academic term(s)



Semester Exchange

Degree level